Boils down to discipline if you ask me. Nothing wrong with making a functional system more efficient for consistent trading success. Trade safe. KP

Success Guaranteed - Simply Trade Better

I have just completed my mid-week update, to accommodate any significant change that is impacting on my sentiment for the week on the three pairs I chose to trade this week. I was clearly in the wrong on my initial analysis of GBPCAD but I will ...

Success Guaranteed - Simply Trade Better

I have just completed my mid-week update, to accommodate any significant change that is impacting on my sentiment for the week on the three pairs I chose to trade. As I have not entered a trade on GBPCAD, I will still keep an eye on the price action ...

Trap the Market

I am observing price testing to the downside a confluence area of the daily pivot and 200 EMA on the 4 hour chart. If this is successfully done, that may be the impetus for a strong bearish momentum. KP

EURUSD

It should be interesting to observe that price is testing to the downside a confluence area of the daily pivot and 200 EMA on the 4 hour chart. If this is successfully done, that may be the impetus for a strong bearish momentum. KP

Trap the Market

I am still biased to the downside on EURJPY. This may seem absurd atm but the weekly outlook and current market structure still favors my bias. I may be wrong. Trade safe. KP

EURUSD

I am still biased to the downside on EURJPY. This may seem absurd atm but the weekly outlook and current market structure still favors my bias. I may be wrong. Trade safe.

Trap the Market

Thus on the evening of Tuesday of each week - latest at the close of the NY close - I check one or two pairs among the few I selected for the week for necessary update in directional bias, trading strategy or market structure/order flow ...

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It is very important to do a thorough pre-week scan and analysis (say each Sunday), leading to clarity on which pairs are tradable and may be traded, the directional bias on each of them, and the trading strategy and approach to adopt. However, it ...

Success Guaranteed - Simply Trade Better

Agreed! Continuous learning, patient and cautious trading.

EURUSD

Good advise mate. Let me add that the difficulty/refusal to take losses when they come - and thus reduce damage to our trading account - is what we all need to overcome. That is a key issue here imho. KPl

EURUSD

Thanks bud, that was 4 hours ago and I made 110 pips on it. Trade safe.

Cable Update (GBPUSD)

I have chosen to trade GBPNZD rather than GBPUSD. I have a bias to the upside on both but the GBPNZD appears to have a better potential technically. I may be wrong. Trade safe

Cable Update (GBPUSD)

I have noticed a double top formation on the 4H chart at a prominent resistance zone. If pa forms another rejection candle at that area, it will be my cue to take a trade southward. I may be wrong. Trade safe.

Trap the Market

Are you keeping an open mind? Is doing this important to consistent trading success?

What Would You Do Differently Today for Better Trading Results?

Agreed

EURUSD

After doing my pre-weekly scan and analysis, I am choosing three pairs from the ten pairs on my watch list for trading opportunity this week. The three pairs I may likely trade are: EURJPY, GBPCAD and GBPNZD. Here is my perspective on the EURJPY. ...

Trap the Market

I have just concluded my weekly scan and analysis ahead of this week's trade opportunities. Among the 10 pairs on my watch list, two are clearly trade-able - AUDUSD and EURUSD - but I'm already in the market on them. Apart from that, I have EURJPY, ...

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