Dale, I feel a bit stupid now. I saw GBP/ZAR approaching the line a while ago, but besides that maybe I can list GBP/NOK that might look interesting in the near future. But what else? EUR/ZAR has been rather ranging lately, but maybe the signal should be considered (actually I haven't seen a signal yet, am I using wrong parameters perhaps). GBP/NZD is still a bit below the line, but there is some sort of setup forming. USD/ZAR has made a signal to go long, but is there still room for it to rise? Could USD/JPY have started a downtrend? Could you please elaborate the sweetest pending signals of yours a bit more?
I said in the previous mail that the fundamentals should be in place for me. Well, they definitely are not if you count oil among them. I now see that I indeed have had a bit (a lot, actually) too much overweight on energy and heavy industry, and I am getting hit hard now. I haven't closed anything yet (except two financial CFD positions on profit, which was a good move). The first SAR hitting was a false alarm, I had an old indicator in place on that chart. But anyway, I have 12 positions open and all are more or less heavily on red . My account is fine, but these positions keep on diving. VS will tell me to start closing the positions pretty soon. A couple of days ago I saw hope in these, but now I may need to look much longer in the horizon and forget the SAR if I intend to get these on profit. Actually I might be even able to do that, but I need to have a second and third thought first about if it were wise or not.
Hopefully forex comes in rescue soon. I'm putting a bit more funding in my account so that the positions on loss do not prevent me on looking at new, better trades.
I have some confusing feelings at the moment. I'm involved in a project that is approaching deadlines making my working hours a bit longer than I would like to. This keeps me from spending too much time in staring at the charts. If you are trading long-term, that should be only a good thing. But now I am seeing positions going in in much bigger loss in a couple of days than what I was able to make profit in one month. My "8h/day=20%/month, 2h/day=5%/month" calculation reads now "2h/day=-15%/week". What should I conclude from that??
J.
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