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- 35 Results (1 Thread , 34 Replies )
- doingthere replied Feb 13, 2020
Time Frames If you are reading my thread then you have probably already worked out by now that I don't like short time frame charts. I think they only exist to confuse traders and work in the brokers favour rather than yours. Most traders I have ...
- doingthere replied Feb 13, 2020
Todays Analysis AUD Thursday 13th February 2020 AUD continues to show signs that the downside is exhausted, with small indecision candles and very little push to the downside. Heres the chart image I continue to hold my long trade. I am growing ...
- doingthere replied Feb 12, 2020
Concentrate on the return not the money One of the lessons that the market has taught me over the years is to always evaluate trades by what they return to you in terms of pips for the given amount of risk. In my early days I used to always work it ...
- doingthere replied Feb 11, 2020
Todays Analysis AUD Wednesday 12th February 2020 AUD continues its minor upswing. I am still in the long trade but with no confidence ( i still think I am wrong on this one). The news regarding Monetary policy in NZD could push some risk on and AUD ...
- doingthere replied Feb 11, 2020
Todays Analysis NZD Wednesday 12th February As expected the RBNZ left rates on hold at 1.00%, interestingly though they said that they don;t expect to cut at all this year. So this should be positive for NZDUSD. Price action will be interesting for ...
- doingthere replied Feb 10, 2020
Todays Analysis AUD Monday 10th February 2020 One thing in trading is that two days are rarely the same, and 24 hours is a long time in the markets. Friday seen a very big fall in AUD and that sort of price action shouldn't be ignored. image So I ...
- doingthere replied Feb 9, 2020
Hmmm I cant risk that amount. I am just not comfortable doing that, but each to their own, and I am not criticising anyone for it, as different people different levels of risk. if you want to know my strategy I am documenting it in my journal, its ...
- doingthere replied Feb 9, 2020
Todays Analysis NZD Sunday 9 February 2020 NZD continues down with overall sentiment towards 0.6250. I dont see any reason to close the short trade, price action suggests that downside will continue. Here is the chart image Price action suggests ...
- doingthere replied Feb 9, 2020
Todays Analysis AUD Sunday 9 February 2020 Well it was a very powerful friday with strong downward PA, I think i put in one of my first posts that monetary policy decides the sentiment and at the moment we are in a downside movement for AUD, so even ...
- doingthere replied Feb 8, 2020
Hello I cant stress enough how much: 1. You need a plan, but when I say plan I mean identify a behaviour that a pair does and develop a strategy to exploit it, i.e. dont develop a strategy and then try and find trades to fit it. Remember that also ...
- doingthere replied Feb 8, 2020
Define the behaviour then devise the strategy Hello All Most traders I have seen get their strategy/systems around the wrong way, just like in business those that go broke mostly develop a product first and then go in search of a customer. The same ...
- doingthere replied Feb 8, 2020
Hi I would try this take the system you have crafted and work out how many trades per month you are making and then work out what percentage risk per trade are you risking. If its more than a 2 to 3% in either direction per trade then, you need a ...
- doingthere replied Feb 7, 2020
Beware Low Liquidity Trading Christmas time is a really interesting time of the year starting around the first week in December, its interesting because the liquidity that exists in the market all year suddenly goes on holidays and the main source ...
- doingthere replied Feb 7, 2020
Is it a business or a hobby I decided in 2011 that after yet another wipeout and failure that my trading needed to become a business. I say business but I dont live off trading nor do I intend to but, a business in the sense that I wanted to take it ...
- doingthere replied Feb 7, 2020
Todays Analysis NZD 7th February 2020 Not a great deal to report here other than to say that NZD continues on it bearish sentiment the last couple of days have been weak price action, however nothing seems convincing to me to exit the current short ...
- doingthere replied Feb 7, 2020
Todays analysis AUD Friday 7th February 2020 Fridays are often a bit of nothing day, traders will often close out positions, so its not a great day to trade. However today is NFP day so we could get some fireworks later on. As mentioned in my ...
- doingthere replied Feb 6, 2020
Hi I am not criticising but do you think you need a thought out plan, All businesses have some sort of plan that they work towards, otherwise the goal is not a goal its just a motherhood statement. I want to see you be successful but you must plan ...
- doingthere replied Feb 6, 2020
The reason for this Journal I thought I should explain my reasoning for writing this journal as people might be interested. I started trading Forex in 2007, i can't tell you how many different ways I traded. I have tried trading small TF, large TF, ...
- doingthere replied Feb 6, 2020
Get Comfortable with the Uncomfortable One of the reasons that trading is difficult is that it stirs may emotions in you (if you let it). As mentioned earlier you have to accept that you are not in control and for many humans this is a problem. To ...
- doingthere replied Feb 6, 2020
NZD - Todays Analysis 6th February I also like and trade the NZDUSD pair, it makes sense to me and fits my strategy quite nicely. In line with Monetary policy strategy it has been steadily falling since the start of 2015, in line with interest rate ...