iterating towards truth
With the prelim GDP release which happened to be -0.5% vs the expecting 0.5% I believe that there is still some room for SHORTING the CABLE{i got one position still in play} at least towards the “after the release” levels at 5750’s in GBPUSD. COT …
[youtube http://www.youtube.com/watch?v=zkobH1sr0cs?wmode=transparent]
Today I happened to be in several trades. On my T3 subaccount I was holding during the day three positions. One was enter by the SELL STOP order on GBPCHF and the other two were entered manually. All three positions finished in the black producing…
Last week I was very busy trading almost all sessions possible so I didn’t have any energy left for posting. This week I am little bit more relaxed and I have few things I would like to discuss. When I started trading forex, the world was flooded …
Today I have managed to trade through morning session both EURAUD and EURUSD pair. Every day before I go to bed I write down very simple plan of IF>THEN scenarios for the next trading session. Yesterday I wrote this for EURUSD: I also executed one…
With the COT being in a range and VIX in a down channel we still need to see some action before we can start attacking levels above 1.35 and below 1.28 in EURUSD. COT chart is trying to point out that we are now at the decision time. Who is it goi…
AUDUSD: with the possible retracement of this pair I am going to look for short opportunities after retracement occurs. From little longer term perspective I think AUDUSD needs some of the range play before it can break even higher. With the USD p…
Yesterday I wrote about possible trade in EURGBP. While I didn’t catch the trade at USDCHF I managed to squeeze few pips from EURGBP. The initial idea was to wait for retrace towards 8485. Well that happened while I was asleep so I couldn’t contri…
EURGBP – broke the daily short term trend when it got to 50% retracement of the longer term trend which began by the end of October 2010. There is a possibility for retest of the lows around 8388 – 8345. If the pullback towards 8525 occurs I am go…
As the end of the year is here I would like to wish the best to all traders, readers, losers and winners out there. For those who weren’t very profitable in 2010 I would like to recommend this: do not to give up and keep going working hard every d…