I spend about 3/4 hours analysing cable. Finally I'm sure. I find an entry point. Short. It's definitely turning around. I have confluence of several resistance levels both major and minor. PA is saying we're due a retrace. I even know where its going. It's marked on the chart with a big blue line. I know why it's going there. I've actually been waiting for this kind of move since last week when I missed the boat.
I've got confluence of this move on 6 tfs. Its weaker on the smaller ones but it's there. Have a look at an indicator. F-ck what they all say on the site they can pi55 off they aren't giving me money to trade I'm looking. A quick MACD shows a nice signal on the lowers and it's on the right side of the long term EMAs. I'm getting crazy confirmation here. I know I can read the charts now. I've been doing this a few months. No fear.
All I have to do is click short and sit back and watch the price drift away from the stop. Only thing left now is to decide whether to set a hard target or to watch the PA and exit manually.
Just a quick look at the 15 to see if I can get a nice entry signal and minimise the stop. Oooh look at that quasi-bullish pin... the level is quite gay and it's been easily absorbed in the longer tfs which is where I planned the trade but look at it. It's not that strong a candle as far as pins go but look. Maybe I was wrong. Maybe the price is about to swing and tw@t it's way through that resistance. After all you've only been doing this a few months. What if that guy in the thread you read before was right and it IS going higher. This could be your chance to get in on the ground floor. You've always wanted to catch one of these lovely swings.
Take it. Go long. Balls to the analysis it's gonna test the resistance again first on this tf and it might break through. How do you know it's a definite short. You see the momentum in the last 4h bar to break those levs? This could go higher.
Stopped out to the pip. Close the computer down. No revenge trading today. No more at all. You fail. Terrible mate. Can't believe you did that to yourself again. All those hours and you basically paid to do them. Again.
Welcome to 80% of my trades. What I wanna how the f do you learn to stop re-considering and just jump in. There's calculated risk and then there's this.
Also, who the fu-k is the other guy that talks to me. Stupid b*stard,
I spend about 3/4 hours analysing cable. Finally I'm sure. I find an entry point. Short. It's definitely turning around. I have confluence of several resistance levels both major and minor. PA is saying we're due a retrace. I even know where its going. It's marked on the chart with a big blue line. I know why it's going there. I've actually been waiting for this kind of move since last week when I missed the boat.
I've got confluence of this move on 6 tfs. Its weaker on the smaller ones but it's there. Have a look at an indicator. F-ck what they all say on the site they can pi55 off they aren't giving me money to trade I'm looking. A quick MACD shows a nice signal on the lowers and it's on the right side of the long term EMAs. I'm getting crazy confirmation here. I know I can read the charts now. I've been doing this a few months. No fear.
All I have to do is click short and sit back and watch the price drift away from the stop. Only thing left now is to decide whether to set a hard target or to watch the PA and exit manually.
Just a quick look at the 15 to see if I can get a nice entry signal and minimise the stop. Oooh look at that quasi-bullish pin... the level is quite gay and it's been easily absorbed in the longer tfs which is where I planned the trade but look at it. It's not that strong a candle as far as pins go but look. Maybe I was wrong. Maybe the price is about to swing and tw@t it's way through that resistance. After all you've only been doing this a few months. What if that guy in the thread you read before was right and it IS going higher. This could be your chance to get in on the ground floor. You've always wanted to catch one of these lovely swings.
Take it. Go long. Balls to the analysis it's gonna test the resistance again first on this tf and it might break through. How do you know it's a definite short. You see the momentum in the last 4h bar to break those levs? This could go higher.
Stopped out to the pip. Close the computer down. No revenge trading today. No more at all. You fail. Terrible mate. Can't believe you did that to yourself again. All those hours and you basically paid to do them. Again.
Welcome to 80% of my trades. What I wanna how the f do you learn to stop re-considering and just jump in. There's calculated risk and then there's this.
Also, who the fu-k is the other guy that keeps talking to me? Stupid b*stard.
Basically you don't know how to trade. There are never any certainties in trading and every trade should be approached from that standpoint in my view.
Paul
If that was the case then how would you ever commit? You'd just always be gambling :-S
I'm not saying you should not allow for error but that's what stops are for isn't it. I've always thought you should have conviction in your own analysis until price (and stop) proves you otherwise.
Esp in FX... there are levels that just HAVE to be sexed.
Hi lets beat this trading and make money
You let me know if you going long the cable il go short
I will let you know my trades so as you can do the opposite
you will have a 90% win rate and only giving me a 80% win rate
but i can live with that
To day could have been a good day for you as i am long us crude oil nov to the loss off 315pips
I've got confluence of this move on 6 tfs. Its weaker on the smaller ones but it's there. Have a look at an indicator. F-ck what they all say on the site they can pi55 off they aren't giving me money to trade I'm looking. A quick MACD shows a nice signal on the lowers and it's on the right side of the long term EMAs. I'm getting crazy confirmation here. I know I can read the charts now. I've been doing this a few months. No fear.
All I have to do is click short and sit back and watch the price drift away from the stop. Only thing left now is to decide whether to set a hard target or to watch the PA and exit manually.
Just a quick look at the 15 to see if I can get a nice entry signal and minimise the stop. Oooh look at that quasi-bullish pin... the level is quite gay and it's been easily absorbed in the longer tfs which is where I planned the trade but look at it. It's not that strong a candle as far as pins go but look. Maybe I was wrong. Maybe the price is about to swing and tw@t it's way through that resistance. After all you've only been doing this a few months. What if that guy in the thread you read before was right and it IS going higher. This could be your chance to get in on the ground floor. You've always wanted to catch one of these lovely swings.
Take it. Go long. Balls to the analysis it's gonna test the resistance again first on this tf and it might break through. How do you know it's a definite short. You see the momentum in the last 4h bar to break those levs? This could go higher.
Stopped out to the pip. Close the computer down. No revenge trading today. No more at all. You fail. Terrible mate. Can't believe you did that to yourself again. All those hours and you basically paid to do them. Again.
Welcome to 80% of my trades. What I wanna how the f do you learn to stop re-considering and just jump in. There's calculated risk and then there's this.
Also, who the fu-k is the other guy that talks to me. Stupid b*stard,
I spend about 3/4 hours analysing cable. Finally I'm sure. I find an entry point. Short. It's definitely turning around. I have confluence of several resistance levels both major and minor. PA is saying we're due a retrace. I even know where its going. It's marked on the chart with a big blue line. I know why it's going there. I've actually been waiting for this kind of move since last week when I missed the boat.
I've got confluence of this move on 6 tfs. Its weaker on the smaller ones but it's there. Have a look at an indicator. F-ck what they all say on the site they can pi55 off they aren't giving me money to trade I'm looking. A quick MACD shows a nice signal on the lowers and it's on the right side of the long term EMAs. I'm getting crazy confirmation here. I know I can read the charts now. I've been doing this a few months. No fear.
All I have to do is click short and sit back and watch the price drift away from the stop. Only thing left now is to decide whether to set a hard target or to watch the PA and exit manually.
Just a quick look at the 15 to see if I can get a nice entry signal and minimise the stop. Oooh look at that quasi-bullish pin... the level is quite gay and it's been easily absorbed in the longer tfs which is where I planned the trade but look at it. It's not that strong a candle as far as pins go but look. Maybe I was wrong. Maybe the price is about to swing and tw@t it's way through that resistance. After all you've only been doing this a few months. What if that guy in the thread you read before was right and it IS going higher. This could be your chance to get in on the ground floor. You've always wanted to catch one of these lovely swings.
Take it. Go long. Balls to the analysis it's gonna test the resistance again first on this tf and it might break through. How do you know it's a definite short. You see the momentum in the last 4h bar to break those levs? This could go higher.
Stopped out to the pip. Close the computer down. No revenge trading today. No more at all. You fail. Terrible mate. Can't believe you did that to yourself again. All those hours and you basically paid to do them. Again.
Welcome to 80% of my trades. What I wanna how the f do you learn to stop re-considering and just jump in. There's calculated risk and then there's this.
Also, who the fu-k is the other guy that keeps talking to me? Stupid b*stard.
Basically you don't know how to trade. There are never any certainties in trading and every trade should be approached from that standpoint in my view.
Paul
If that was the case then how would you ever commit? You'd just always be gambling :-S
I'm not saying you should not allow for error but that's what stops are for isn't it. I've always thought you should have conviction in your own analysis until price (and stop) proves you otherwise.
Esp in FX... there are levels that just HAVE to be sexed.
Hi lets beat this trading and make money
You let me know if you going long the cable il go short
I will let you know my trades so as you can do the opposite
you will have a 90% win rate and only giving me a 80% win rate
but i can live with that
To day could have been a good day for you as i am long us crude oil nov to the loss off 315pips
Last edited by a moderator:
