Repetitive twaddle seems to go on and on on in the discussion threads. Beats me how people can keep talking the same ol same ol day in day out…I guess it’s called brain washing the brain dead. These ego-driven maniacs are rife, and if they reckon ...

Trading Journal (only my take)

Threads threads threads....everywhere you look. All peculiar for different reasons. I read a couple of posts in the discussion section recently and it seems nothing more than like a squabbling bunch of egoists, each trying to convince one another ...

Trading Journal (only my take)

OK...I was messaged and asked how I decide PO levels. Firstly, if there are questions, ask here, not by messaging, most of what I do will probably have been covered. Regarding the recent question, I'll answer up to a point for obvious reasons ie ...

Trading Journal (only my take)

GU final update PO5 triggered, but all trades now stopped out. More than happy with overall outcome for a very profitable set of trades. Some are bound to say, yeah but what if etc etc....but remember, what ifs are are only clever after the event! I ...

Trading Journal (only my take)

GU update So, with my previous post in mind, I find my trades in that state of maturity that I mentioned. NFP numbers were obviously kind, and the remainder of TP4 was actually stopped out for +345 (remember I spoke about my preference to being ...

Trading Journal (only my take)

The management of trades is a topic that I've mentioned a number of times in this thread. When I look around, most, if not all other threads, it becomes clear to me that others generally don't have much of a plan to cater for various scenarios that ...

Trading Journal (only my take)

Ref above trades, my plan is to allow TP4 to be met, (+340 if hit) in the expectancy that some kind of retrace is quite likely to occur in the near future. I then intend to find a suitable add-on level short (probably Mon/Tues ish). I have an idea ...

Trading Journal (only my take)

GU update Favourable NFP has allowed me to adjust stops and tp levels, and now everything is perfectly safe, and now becomes more of a question of how much profit can be extracted. image

Trading Journal (only my take)

GU update A couple of uneventful weeks had gone by without any significant directional market movement. Now, the market appears to be showing its hand just a little more, and this has now enabled me to take half of T4 off the table (+210), and move ...

Trading Journal (only my take)

I recently read a post where the poster has made the statement that traders should not be predicting what the market will do. Personally, I completely disagree with that comment. Every decision made, is prediction or forecast based if you prefer, no ...

Trading Journal (only my take)

GU update I had adjusted T3 stop to what I thought was a realistic level.....the market thought otherwise and I was disappointingly stopped out. T4 has since triggered another short, meaning 3 positions are once again in play for me. Obviously, I ...

Trading Journal (only my take)

CPI data has injected some life into the markets today as expected. PO1, PO2 and PO3 are now all triggered as per previous chart. I need do nothing still, bearing in mind that I'm operating off the daily chart, and I will see how the land lies ...

Trading Journal (only my take)

GU update As can be seen, PO3 has triggered earlier today, and now becomes T3. Whilst I think it's a pretty good entry level, as forecast, I've cautiously adjusted the SL for now, meaning that I still carry risk on this position. As in my previous ...

Trading Journal (only my take)

Trading as everyone knows is a speculative venture. Nothing is certain, with risk being at the centre, which is no different to everything we do in life in general, where we weigh up, as best we can, what the best decision is in any given situation ...

Trading Journal (only my take)

Any strategy could be a successful strategy in the long run, the problem for most is that they probably haven't properly checked, because their thinking is if it hasn't yielded profits in the first couple of weeks, then it is abandoned, and they try ...

Trading Journal (only my take)

Looking back over the year, aside from trading, I think it's fair to say that it's been a very unusual period of time across the planet in most respects. Will next year be different?....probably not, but hopefully no worse. From a trading ...

Trading Journal (only my take)

EU....final update As it turned out, both TP2 and TP3 were hit before the stop loss levels. PO4 pending sell level still in place as before. All in all, an excellent set of highly profitable orders was achieved. Everything went perfectly to plan and ...

Trading Journal (only my take)

EU....update So, the week-end is fast approaching, and time to make final adjustments to my trades for this week. All s/l and t/p levels have now been modified at this juncture. T2 locked in s/l level at +310 pips, and T3 locked in at +270. I've ...

Trading Journal (only my take)

EU....update T2 & T3 stops adjusted further down to now lock in 230 pips and 200 pips respectively. Both TP levels have also been adusted down accordingly. PO4 still in place for the time being, but I may adjust that entry level or cancel at some ...

Trading Journal (only my take)

EU....update Probable retrace back up....how far who can say. If some kind of retrace does occur, then I have PO4 short added at a what I think could be is a reasonable level to resume the downward move. Stops and TP levels further adjusted on T2 ...

Trading Journal (only my take)