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FX - The Wild Wild West

Daytrader21 Publier 2 mai  dans #Trader's blog #Forex #GBP/AUD #EUR/AUD #Timing #Margin Call #UK Pmi
So, a new month has started and like a good champ I'm , I start to make plans and tell myself I'm going to take only the setups that fits my criteria. So far so good until I see a trade on GBP/AUD (see Figure 1)and I see a nice short opportunity, everything was pointing for a down move and I decide to short it.
What do you thing happens the first moment after my order got triggered? Yes you're right the market starts moving against me . But it's not moving slow and steady but instead it's postin…
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1 Commentaires
Alexthebest avatar
Alexthebest 2 mai

: ........."WTF!!!! it's like the market knew all the time where my order was, but does she knew I was playing with virtual money LOL?"  :))))  com on give up: you have trade the same pos. in real too, I don´t tell to nobody I promise, if you said to me, right after that I order the funerary :))))))))))  -  a Little  joke :)) nu? :))))))))))))))))))))

Daytrader21 avatar
Daytrader21 2 mai

Alexthebest LOL.......... I have no problem whatsoever to admit that I either took(or dint' took)that trade in my live account, but the truth is that I didn't. Actually there where many time when I came out in my blog and spoke about the losses I took in my life account, but this time it was not the case. However what happens in my live account is none of your business:)

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Trading Contest Performance Update

Daytrader21  dans #Technical analysis #Trader's blog #Trader Contest #Carry Trade #Timing #Trading Performance
We're half way through this month Trader Contest and I was quite surprised to check out my trading performance that shows me that I've been trading EUR/AUD 60% out of all my trades (see Figure 1). The reason why I've been trading this pair was because I was expecting to see a breakout to the upside as I was expecting further AUD weakening. We where in a range so I keep scaling back my position as soon as the market retreated back. Although I was expecting further AUD weakening this doesn't m…
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EUR/USD Why I was long?

Daytrader21 Publier 26 fév  dans #Trader's blog #EUR/USD #Timing #Perma Bear #Stop Hunting
Since beginning of the year I've been a perma bear on this pair but the recent price structure has made me change my mind and accept that my timing was wrong. I say "my timing" because I still see it falling but not just yet, for now we're in a big range and as major risk events happen around the world we will see this pair bouncing up and down. So because of this I've decided to play the market both ways and look for signs of topping pattern and only when the market dictate so onl…
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