Offshore Trader
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Offshore Trader said:
Well as I feared, it's stopped GBP following the other currencies
Offshore Trader
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dc2000 said:
I don't think it has but with a weaker pound we would have got there quicker.......
City Bound
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Nice to see someone else is making mistakes on NOK today!
Texas_Hedge
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It's never nice to see anyone taking a loss, but it happens, it's acceptable and trading goes on.
Texas
Texas
City Bound
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I think it's more the comfort in knowing I'm not alone. But yeah, I agree.
Offshore Trader
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I trade a breakout system which relies on the market making decent moves in the European session. It's now 8 days since we've seen that in cable and looking historically, we should be in for some good straight line moves soon. Do you agree Chow?
rav700
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zuke said:Cable trade currently +75; Stop out on NOK trade for -263
Dont Worry mate........It can only get better for a class trader like your self....
Best of luck happy trading
Rav
( I am still tired from the whole day of trading yesterday)
Sorry for the spelling mistakes
Last edited:
Offshore Trader
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The trouble is that I know I have to stick to the system but it requires patience in these trying times and patience and discipline aren't my top qualities. Frustrating when it made 30 points again today only to then stop out at breakeven
...yes another fruitless couple of sessions, but with the limited experience i have so far of live trading, i'm beginning to find myself thinking/feeling as i did when i used to Fish!...a bit tranced out. Totally at odds with colleagues around me trying to 'buzz' all day long on the 'phone, or attempting warp speed typing on their PCs. Patience is one of my stronger points, discipline isn't yet and i have a tendency to 'fiddle'.
dc2000
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Hi chaps
Doesn't look like cable is going to hit target until later tonight, I think we have a few more weeks of this slow stuff on cable
As for the NOK well it just goes to show you can know where its going and still get it wrong ( placing a stop toooo close) never mind I'll get another chance on Thursday and Friday
Doesn't look like cable is going to hit target until later tonight, I think we have a few more weeks of this slow stuff on cable
As for the NOK well it just goes to show you can know where its going and still get it wrong ( placing a stop toooo close) never mind I'll get another chance on Thursday and Friday
Priceman
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Hello chaps, I managed to get 10 pips again this morning before going to work! Whoopy doo. I'm such a big shot Still a frustrating day for some of you? Good job I'm at work. I'm glad I can just look in and out and not have to drain all my energy on false moves to end up +20, or worse -20 after a whole day in front of the screen!
Anyway this isn't the real reason for the fall today is it? I can't believe it's not the big players positioning for more, bigger news than consumer confidence!? Anyway good trading to all tomorrow and I hope you get those big straight moves we all need... the no-brainers for 50-100 pips!
Confidence Leads FX Market
Dollar's rebound extends further in US session after better than expected Conference Board Consumer Confidence what increased to 104.5, beating expectation of 102.3. Prior reading was also revised up from 99.6 to above at 100.2. Looking at the sub-indices, expectations for the next six months rose to 89 from 84.4. Optimism about consumers' current situation increased to 127.7 from 123.9. The improvement in confidence seems to be internally consistent.
Earlier today, Euro was pressured after German Ifo business confidence. On the surface, the headline index's fall to 104.9 from 105.0 was mild and better than expected. Current assessment index actually posted an increase to 111.3. However, expectations index fell below 100 for the first time since nov 2005 to 98.9. Higher interest rates and next year's planned VAT increase are considered hurting business confidence. Euro also received additional pressure on cross selling against Sterling and Yen.
Still a frustrating day for some of you? Good job I'm at work. I'm glad I can just look in and out and not have to drain all my energy on false moves to end up +20, or worse -20 after a whole day in front of the screen!Anyway this isn't the real reason for the fall today is it? I can't believe it's not the big players positioning for more, bigger news than consumer confidence!? Anyway good trading to all tomorrow and I hope you get those big straight moves we all need... the no-brainers for 50-100 pips!
Confidence Leads FX Market
Dollar's rebound extends further in US session after better than expected Conference Board Consumer Confidence what increased to 104.5, beating expectation of 102.3. Prior reading was also revised up from 99.6 to above at 100.2. Looking at the sub-indices, expectations for the next six months rose to 89 from 84.4. Optimism about consumers' current situation increased to 127.7 from 123.9. The improvement in confidence seems to be internally consistent.
Earlier today, Euro was pressured after German Ifo business confidence. On the surface, the headline index's fall to 104.9 from 105.0 was mild and better than expected. Current assessment index actually posted an increase to 111.3. However, expectations index fell below 100 for the first time since nov 2005 to 98.9. Higher interest rates and next year's planned VAT increase are considered hurting business confidence. Euro also received additional pressure on cross selling against Sterling and Yen.
