I've always erred to the conservative side of things so while I may be giving up the right to have a massive win it enables me to preserve my capital. Never kept a tab on the "sport of kings" but frequent withdrawals from my account are in my memory ...

I love Trading

Hi Cindy, I love trading because it's so mentally challenging. Like a game of chess on steroids. I find it's a great stimulant for the mind trying to work out where the market is heading. It is a test of nerve and kohunas. I'm not exactly great at ...

I love Trading

My USD/CAD trade is still alive. It has now been 48 hours actually a record for me. Now it has closed the day out at +20pips. It missed my take profit last night by a mere 15 pips so it actually went 80 pips in my direction and has thus bounced. It ...

My Trading Journey thus Far

Hmmm, last night I crashed early as I was exhausted totally oblivious too what was going on with my USD/CAD trade. So this morning I see my trade made a trip to the wrong direction, took out the previous high by a pip or two, just missed my stop and ...

My Trading Journey thus Far

So Yesterday became a bit of a fizzer for me. I missed all the moves and then tried a small counter trend long on GBP/USD and got burned $18.83 so net loss for week stands at $-21.30. Well scanning the charts revealed a nice USD/CAD setup. It's at ...

My Trading Journey thus Far

Well it looks like down move is done for in the mean time. The last few retraces on the 3hr chart have been around 150 pips. That would take us up to around 1.5525. Notice move stopped at full 161 retrace of last leg up and 1.5525 corresponds with a ...

Cable Update (GBPUSD)

What about if you have half the cash but double the time?

Cable Update (GBPUSD)

OK thanks for replies and no I'm not thinking going long Cloggie, just have seen a few massive spikes from Cable recently after no big deal news events. I think of it as the market cleaning out all the money in the shorts and beginning a fresh ...

Cable Update (GBPUSD)

Any chance good mortgage approval figures will induce a 100pip bullish spike? It does appear to be oversold at the moment.

Cable Update (GBPUSD)

A few hours later and my gold trade would be up about $50 but I cut it. I just entered a GBP/USD counter trend trade. I was up 5pips, switched to the 5 min chart for a look and upon dragging the desktop chart I somehow managed to hit my order line ...

My Trading Journey thus Far

UGGHHH !! I made a total mess of the trade I setup yesterday Had I left it alone it worked out well. So what happened? Firstly I intervened as price was approaching I pulled the order. Then price made a new high around 8970 I shorted it to ...

My Trading Journey thus Far

Ok a new week and some new uncertainty. Our election ended up in a hung parliament and a massive gap down resulted on the AUD/USD. From the open the market is rallying to close the gap which was around 80pips. My strategy is to have a pending order ...

My Trading Journey thus Far

He who is quick on the trigger wins and then there are us.... I missed a beauty on AUD/USD last night. The move began in the evening. By the time I noticed it was well on its way. I had a pending order ready for the retrace but it wasn't to be. I ...

My Trading Journey thus Far

Ok yesterday was interesting ( wed). I had identified a sell just below support on GBP/USD just before the massive rally that took place. I had a pending order ready as I was about to leave home. I was only going for 30pips. So then I begin to read ...

My Trading Journey thus Far

Hi Hawki, Yep I certainly relate to that. I would also freak in demo mode too, because I always related demo to being real otherwise I could never demo. Truth is you never ever know how far a trade will go!! If you can't sit and watch makes it even ...

My Trading Journey thus Far

Imo price has all ready made a new low for the day so any close under that 1.5535 support line will have the bears frothing at the mouth

Cable Update (GBPUSD)

Well I took this Euro long a few hours back based on some euro momentum. I just shut it down based on the spike down from the sentiment report and outside bar forming on the hourly. $+28 profit. Probably should have just moved stop to BE but I ...

My Trading Journey thus Far

Hi all, when price hangs around the top of a trending channel it usually wants to pop it. So i'm buying. Chart riddled with useless indicators below:

EURUSD

Hi all, here is my 500 unit hourly chart. Lower highs all the way down and in downtrend channel. Looks like 1.5450 is a target but needs to break 1.5550 first. The tweezer bottoms are also important sup/res price on the daily around 1.5530.

Cable Update (GBPUSD)

UGGHH !! Back to my old tricks again Took this setup earlier on and cashed it in at $17 for no reason whatsoever and look where it goes. I had even set a target which I didn't abide to. Why o Why ?

My Trading Journey thus Far