Trading idea for GBP/USD. [img]
Bought @ 1321.75, Stop @ 1304.25
The status quo is as such: We are in a range and a resolution will be a great entry opportunity for the next trend (or momentum play). Anyone...
I sign on every afternoon (EST) whenever I remember to. Drop me a line, and I'll connect, or at least reply if I can't.
I'm not really waiting for anything, as I firmly believe that we are in a long-term uptrend. I was foolish to try shorts in the middle of an...
As promised, attached you find a screenshot that hopefully illustrates my thoughts. If you look at a trend, you will notice how certain lows are...
Hi gmst, I wouldn't be too aggressive shorting. It is indeed an opportunity, but not a lasting one. I don't see the decisive turnaround quite yet,...
Any resolution?
It's impressive how I missed out on the recent 100pt upmove ... :)
Thanks for your comments. The ES was rallying up so fast, it promptly stopped me out of my position. I would call this one of the dumbest trades I...
Short @ 1356.25, Stop @ 1366.00 It's time to short again. We are back to the ubiquitous resistance area near 1370 (see weekly chart for your...
One very inspiring framework I came across is how the market is seen in terms of energy. I'd certainly love to learn more about this, but there is...
We always get to hear about "finding our own way" in trading and doing what "fits our personality". I believe that these words go much deeper than...
Not immediately trading related, but two books that deeply influenced my thinking of how trends in human behavior (and the entire world for that...
Close to perfection :) In my opinion, this is the sole way of consistent trading because you do what the market does and what it tells you to do...
That is a problem I would rarely encounter because I don't take note of candle formations, and we are able to identify a valid swing fairly...
I'd like to remind you of the IRC channel I opened a few months ago. I'll be available to chat in the afternoon session and would love to see it...
Support and resistance to me is a visibly determinable area in which a break would lead to a shift in authority. Bulls would surrender and yield...
Thanks, luisHK. We have to understand that a breakout is a breakout. Plenty of market participants will be rushing to enter the market or...
False breakouts cannot be entirely avoided. They happen, and it happened on my last trade, too. But I avoid trading a breakout while the market...
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