This morning I have found that GBP/CAD has closed above the resistance line on my charts above. As it couldn't break above that line for a month I consider it a bullish sign. At this moment of time my confidence is almost non existent. I have seen ...

My Trading Journey thus Far

This week I will focus purely on Daily candles. No intra day at all. I don't care if I don't trade anything at all either. I will try and catch a trend if I can as opposed to counter trending everything in sight too. GBP/CAD has caught my eye. It is ...

My Trading Journey thus Far

And spoken like a true professional And boy do I have a lot to learn.... It's sleep time for me now but my call for this morning is 50 pips straight down. Best of luck and enjoy your day...

Cable Update (GBPUSD)

Fair points. I'm only learning as I go but these head lines from today aren't going to help the risk trades much early this week I feel: Greece will be a war zone, Sect of Revolutionaries warns tourists Posted: Security forces fear wave of terror as ...

Cable Update (GBPUSD)

Hi all, well my trading sucks in general but what my charts indicate is that this is going to tank from the open. UK aint going that flash, and maybe this move was just to get things back to fair value. I can't see this penetrating the weekly wall ...

Cable Update (GBPUSD)

So we march in to a new week and a new month. Well my trading is not going so well but my thinking is not so bad. Now Friday's trade would have been a winner if I let it go. The market really plays with your psych. I've never ever seen anything like ...

My Trading Journey thus Far

Lucky Aus 200 gave me an escape route. out +.5pip. Just looking at the Euro and my trade would have come off a treat last night if it triggered. Lucks a fortune in this game.... Looking like all majors are about to start their evening bull campaign ...

My Trading Journey thus Far

Ok this is my dummy spit for the day. The market is always right. Of course it is... This is a reminder to myself that the market has one job and only one job and that is to take your money. Maybe I think too much, but it's all a big scam I feel. ...

My Trading Journey thus Far

When it rains it pours. Eur/USD missed my sell order by 2.5 pips and has all ready fallen 30 pips. Well my thinking was good, execution just missed. Doesn't matter,I pulled the order as if it comes back up who knows where it will go and off to ...

My Trading Journey thus Far

OH no, not the wine again... Here is my thinking. EUR/USD going great guns. Just made a new daily high and looking strong. Unemployment claims in 4hrs time is going to make this thing drop no matter what the result. Price approaching 1.3100 ...

My Trading Journey thus Far

Stopped out for 0.5 pip, then it continued going north. Something I haven't figured out yet is the whole stop thing. Price loves retesting my entries wherever they may be. How do you know it won't drill straight through them if you don't move them? ...

My Trading Journey thus Far

Scanned through the Daily's and I don't know where anything is heading. You have the commodity currencies weakening a little, equities too and Euro & GBP holding steady. It's almost end of month, approaching end of week. Well I was watching the ...

My Trading Journey thus Far

No trades today. I can sense the bulls are slowly running out of charge. But I'll stay patient this time. Looking at the USDX and although the dollar is still in a downtrend it looks like a bottom may have formed. I'd love to have a punt at this but ...

My Trading Journey thus Far

Recapping events from Yesterday. I'll officially label it a disaster. The morning began good with my trade up about $50. I let that turn to $1. I actually ignored one of my rules of 50-100 pips max counter trend trade. I then had a few wines and ...

My Trading Journey thus Far

KABOOM !!! That didn't take to long to backfire!! I must admit I was enjoying a few reds before placing that trade, the charts looked so much more appealing to my eye as such OK time out and done for now, journey seems to be going from bad to ...

My Trading Journey thus Far

One trade ends another begins GBP/USD has rallied for over 1200 pips. It has just taken out an April 26 4 hr bar high of 1.5498. Today London made a new high and closed the hour with a doji. Bearish reversal bar followed. Presently sitting at ...

My Trading Journey thus Far

STOPPED OUT Well kay sara sara.... Price kept surging and took my stop out for a 1 pip profit That's ok I had my game plan, held tight and allowed my trade to do what it was going to do with no emotional intervention. From here on it may continue ...

My Trading Journey thus Far

Trade sell GBP/CHF in progress. Last night before sleep I had a sneak peak and the trade was about 40-50 pips in profit. Overnight it fell pretty hard down to 113 pips in profit. It bounced off my 127 fib. This morning I was still 40-50 fibs in ...

My Trading Journey thus Far

OK so I took the above trade. It setup exactly as I anticipated. Price was consolidating during Asia and I knew London would give it one last push as they usually do. I actually had a pending order sitting at 1.6310 but pulled it as it was ...

My Trading Journey thus Far

I heard a classic line on the Sky business channel on Friday that almost certainly applies to me. " When a perennial bear is thinking about buying, it's time to sell" Well after all the big bullish moves last week how can one not be contemplating ...

My Trading Journey thus Far