Reminds of the old banking days, sitting in the evenings with feet up in the trading room just playing the market rhythms…up - down- up - down. And using intraday limits one could play good size…but that was then…sigh!
Yea, I needed that 30min candle to close much much lower if i’m honest - little room for error here and a big ask to break the low of the day, but at least it’s risk off now, can’t complain!
Indeed - it is quite strange to re-visit that intensity in ultra short term trading. Close stops, sharp timing, quit while ahead, etc.
In this case the intensity is due to the current ever-present risk of a sudden rumour or announcement and the price flies - one way or the other! And I am still a believer in latent underlying strength in sterling just waiting to break. My daily and even 4H charts are still in a stalled upmove - but where the near term bottom is, well, afterall, this is the pound we are talking about, not just any old currency!
Excellent, well-planned and executed trade - congratulations! That is how it should be. Not gambling but calculated risk with a defined directional basis ( That’s posh talk for “great punt, the next round is on you!” )
See what positive thinking does for you! That is really something! I am so happy for you
Some days just go that way! Congrats once again. I have a vague suspicion that tomorrow morning just might witness a few symptoms of the night before? Well, if so, it is well justified!
Just closed my triple trade for today and I am done for now. I’m feeling quite patriotic!
BTW just to crown a great day, did you actually get 4 pips positive slippage on your fill? That is always such a feel-good factor (especially on a site that is generally filled with broker phobia!)
I don’t think so, I just had some positive Swap for two days? Unless i’ve missed something. The target was indeed 140 pips, I just pushed in a margin to cover me messing up on the exit.
Here is the play which is pending in GU - it’s a discretionary trade and can be seen in the myfxbook account “The Non Systematic Account - Discretionary”
I’d say this is valid for the next few hours, until London comes to a slowdown and close.
I had no idea actually, I was kinda occupied figuring out how to play EU - but good spot. I just saw the P&L change to the upside so assumed all was above water.
Still figuring out how to get out of EU, or indeed place a positional hedge whilst the bias is undecided. I have no doubt the FOMC news today will answer this question.