Also there are holidays in CA and US, so Monday volume will even smaller than usual. GBP USD Daily trend: range. image Markets are still waiting for data, to gauge how severe the Brexit was. So far construction and manuf. PMI beat the ...

Fundamentals + sentiment + order levels rationale

Outlook for Monday 5.9.16. Usually Mondays are not very active, so we will look what bias market has. 1. EURUSD Daily trend: ranging We can play fading levels in both directions unless there will be some strong sentiment intraday. image New levels ...

Fundamentals + sentiment + order levels rationale

I am trying to include more regular planning before the day starts. I will work on this for some time. Most of my losing trades are done in the heat of the moment, listening to always faulty "intuitive" mind (definition from the book url ). Chasing ...

Fundamentals + sentiment + order levels rationale

CAD and USD are the winners from NFP on Friday. This is very bullish for the USD, if the market shrugs off the bad data. CAD got stronger on very big beat of Ivey PMI. image image

Fundamentals + sentiment + order levels rationale

Nice summary what is going on in macro in currencies as on 3.9.2016 url

Fundamentals + sentiment + order levels rationale

Success does not consist in never making mistakes but in never making the same one a second time. George Bernard Shaw

Fundamentals + sentiment + order levels rationale

It seems my sitting at the computer when the positions are open actually lowers the profits... I close winning trades prematurely, but when I am off the computer they reach TP most of the times. Cause of the problem is low confidence of the trade ...

Fundamentals + sentiment + order levels rationale

Back from the 2 week holidays and just before NFP and Sept hike expectations. I read a little of the psychology book. Surprise Manufacturing PMI made GBP sentiment better, I wait till 50 fibo and 1.32 level to enter long cable at least till ...

Fundamentals + sentiment + order levels rationale

Levels just work, because it is the whole point of auction style market. This is one of many interpretations. Market is thin in Europe because of holidays so, they could push it up due to low liquidity. image

Fundamentals + sentiment + order levels rationale

Yes, thanks! Fortunately I only work with 0.01 lots until I am consistently profitable. All these "bad situations" are really lessons. I hope I will not repeat the mistakes. I would never imagine doing such mistakes, that's why we practice and ...

Fundamentals + sentiment + order levels rationale

Cable hit its TP, I should set TP near hourly support and not only round number for few more pips. This retails sales reaction was very overdone. image

Fundamentals + sentiment + order levels rationale

After today and my forgetting of retail sales I learned: In trading one must be laser focused and disciplined, there is no place for laziness, sloppiness, and taking things lightly. I lost 2 weeks worth profit today, but hopefully I learned this.

Fundamentals + sentiment + order levels rationale

Yes, makes sense, thanks for sharing!

Fundamentals + sentiment + order levels rationale

And USD JPY long

Fundamentals + sentiment + order levels rationale

Playing cable short after the news and bounce from resistance image

Fundamentals + sentiment + order levels rationale

I went out to postal office to send some stuff and I forgot about retails sales. Partly because it never moved the market as far as I remember. Meanwhile bad data of retails sales happened when I was not at the computer. Never ever leave computer ...

Fundamentals + sentiment + order levels rationale

USD JPY today

Fundamentals + sentiment + order levels rationale

Oil bounced, but not much bounce in commodity complex. Good, that I exited the positions. image I entered AUD USD short as it did not bounce from this level and is looking to break it. Looking for 20 pips till next hourly support. image

Fundamentals + sentiment + order levels rationale

If it will break down, a lot of space to fall image

Fundamentals + sentiment + order levels rationale

Exited with some profit because Oil was falling hard: image Then I set limit orders, but today is Friday and summer, so not much movement is expected.

Fundamentals + sentiment + order levels rationale