What’s happening today on GBP is an old fashioned squeeze, it was very much on the cards this past few days, price was never going to reach 6460 without first squeezing out the shorts.
It’s been cooking this past few days. May not be over yet.
Dear friends what is going on GBP, last two days something different fluctuation, so can we decide graph break and stat to raise… give us your suggestion too…
Probably an accumulation, causing price to stall, waiting for a trigger to initiate the next distribution phase… Without a volume graph in front of me, I could not tell you more…
Her book is a great primer on the subject.
She edited / published it herself I believe, so at times there are some grammatical errors and sentence structure issues.
Grammar and such makes little odds to me as long as there is some useful content, to be honest I had not really bothered much with volume due to a misunderstanding that volume might vary between brokers.
As it turned out, that third accumulation phase in my chart became quite a bit more extended, and it was nowhere near the end of the Pound sell-off; as I did say, [I]there is not telling what the future holds/I
She certainly puts that myth to bed. If you use it often like most of us do, entering trades is far easier, exit always requires more planning and is the real meat of trading.
I officially have the ****tiest luck in the world! Before the market closed I had two open positions:
The first was Long on the USD/JPY
The second was Short on the GBP/USD
Guess which one I exited before the market closed!
Who cares?
Is this the last trade you’ll ever make for the rest of your life?
Being emotional like this gets old real quick…
There will be hundreds of more trading opportunities throughout the rest of this month. Why not focus on jumping on the train which has yet to pass, rather than the one which ain’t coming back…
You feel like a genius when it works :51: ; and an. . .(I’m sure you can figure out yourself when it doesn’t) :17:
My personal opinion is you’re better off in the long run not to unless you’re trading longer terms. I went from closing all trades friday NY close no matter what and looking for trades Monday during the NY London overlap when I was trading on any time chart less than 30 minutes. Now I would still close any open trades on shorter time frames, the only difference is I’m better at knowing when to close any trades I have open way before NY close on Friday and Instead of waiting for Monday NY open, I start looking for trades Sunday night at Sydney open.
Gp
I think that, if you have a stop, it should not worry you too much… I have a trailing stop, so even if I got stopped out last weekend, I would have probably gained hundreds of pips… Then I would have just re-entered the trade… No sweat