The above trade is progressing along nicely. Last night at bed time I stumbled on a XAU/USD short, almost incidentally. I quickly jumped in and set a $7 target. ( 10 contracts x $7). This is minimum for gold. I was anticipating a quick move down but ...

My Trading Journey thus Far

Hmm a frustrating evening as I can't find a trade I like. It was looking like a risk on day and it's heading that way. Missed the boat on a few setups as I didn't trust them. Considered they may be fake moves. The USDX is about to tank. I have ...

My Trading Journey thus Far

It looks like AUD, CAD and GBP are trying to rally today. Wed triple roll, they may pull it off. CAD IR announcement tonight expected increase. Could become a risk on day thought most majors look very bearish. No idea at this stage.... AUD at daily ...

My Trading Journey thus Far

I have learned to stop reading the forums and be influenced by peoples subjective theories in taking a direction. I have learned that my analysis is as good and bad as everybody else. I have learned that the game we play is both won and lost in your ...

No more BS - What have you learned?

Hi all my 2c is all other pairs looking very bearish. USDX has gapped up on my charts so if price comes back to fill in the gap should help GBP long but as price is under the daily pivot I wouldn't go yet or chance of being burnt

Cable Update (GBPUSD)

A win finally and a good trade Broke my run of outs and the trade pretty much did what I had planned even if my entry was more a thought then a trigger candle. +40 pips ( $43.00) +$11 for the week.

My Trading Journey thus Far

It's a game of russian roulette I tell you... Trade survived the news spike which bounced off the MR1 pivot exactly. Price is now nestled between DS1 and DS2. These pivot points are really good. I have moved stop to BE as it looks safe.

My Trading Journey thus Far

Last nights trade ended up under water $-32.35. You know I have this nasty habit of taking the wrong trade as in pair at the right time. Last night 2 setups produced at the same time. short GBP/USD, buy USD/CHF. I took the latter and the former was ...

My Trading Journey thus Far

My first trade off the week is not going so good. It was placed at the close of a bullish 3hr candle about 5 hours ago and has been 3 pips away from my stop a few times all ready. The setup looked good( at the time). Not sure if it survives the ...

My Trading Journey thus Far

A new week and some new ideas. Well my bi-polar trading style is going nowhere.Over the past few weeks my equity curve has bounced around in a range.My decisions have been poor and I'm feeling frustrated. This week I'm going back to basics. Simple ...

My Trading Journey thus Far

Trade is dead. NFP made sure of that. Well the market gave me a chance to get out with a $50 profit a few hours back but I elected to stick it out. Trade Loss $-99 Loss for Week $-214. 5 Trades. 4 losses. AUD my nemesis. 1 win $2. USD/CAD should ...

My Trading Journey thus Far

OK it's Friday and hoping for a risk off Friday at that. Well my trade from yesterday is still alive. It came back to the 9115 price and triggered my pending order so I now have 2 minis on. It made a new high by a few pips and formed a double top on ...

My Trading Journey thus Far

OK here goes, the past is behind me and I'm focused. Last trade of the week. AUD/USD has put in a reversal top on the 4hr and 3hr. Has also completed a AB=CD pattern on the 3hr and 4hr to the pip. Severely oversold on my Indy, did not make a higher ...

My Trading Journey thus Far

OMG look at that cut USD/CAD trade go Confession: I cut the trade soon after reading Jay Norris market summary, I thought he knows better Such a fool I am, that trade has gone over 100 pips and would have squared up my week's ...

My Trading Journey thus Far

Hi all, This is in a mean bull mode at the moment. Also being Wed ( triple roll) won't help shorts. My Indy's show overbought but don't trust..

AUD/USD

I'm having a really bad week this week. I've given up last weeks profits and some. I shorted AUD/CAD last night. It was doing well when I last checked. Up about $28 only to wake up and see my stop being hit and a new high made. $-61.84. I see GBP ...

My Trading Journey thus Far

I've taken a long on GBP/USD based on a 15min double bottom. Entry 1.5465 with a 20 pip stop. Other reasons were this pair seemed to withstand the sell off. Double bottom on the hourly and some positive risk on data from the AUD. No take profit, ...

My Trading Journey thus Far

New week is off to a bad start. I went a Euro long. I can't really say why I took it. Baby driving me crazy, no time to think, about to exit the house. I saw the USDX dropping and Euro making a move and jumped in. Quite careless and ...

My Trading Journey thus Far

In the famous victorious words of Shane Crawford, " That's what I'm talking about" Well I woke up today and VOILA my trade worked out a treat. It hit it's target precisely and the market closed out end of week right on my take profit. A ...

My Trading Journey thus Far

Yep that's normal for AUD/USD and also AUD/JPY. I have a sticky on my desk saying "Beware shorts on Wed" because of this. Also noticed that Wed tends to be a big buy day in this pair unless markets are being spooked by macro issues etc.

Do rollover rates take a chunk of your position trading profits?