The London Open - page 68
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If the beast (crude) can break the 15min 20ma look for a 123 on the upside to close gap to 4Hr 20ma.
This should bring us USD weakness...
Banked 70 in EURUSD and GOLD and waiting for next trade.
D
CABLE looking very weak...
CABLE target 1.7960
Cable in again at 1.8045 with stop above 80. Risky but hey
Going to keep my stop at 80...Would lose 40 pips in total but going to be stubborn and hold.
60min looks weak still..
D
ok changed my stop now to 60...Hedged in so would lose 25.
ok closed cable.. i have that feeling again.. going to take a 20 pt hit... Still hit target at 50 pts today...Will re group and see what happens. The price action is putting me off...
The little bugger... Down at 15 now... Arghhhhhh¬!!!!!!
Ok market clear as mustard now!!! Crude falling, Gold heading north!!!
Price action in Cable is poor but weak. EURUSD still looks weak and 252 cci very close to falling.
Up 50 and don't want to get greedy. Breakfast time as made daily target again of 50 -100 pips.
Speak later.
D
Hi
Just got back after a lovely swim... Am i gutted i didnt hold EURUSD, CABLE & GOLD...? Yes & No...Maybe a little because of the size i traded at, but i have learnt in this game that if u get annoyed when u cut too early and get annoyed when u get stopped its not much fun trading.
Money management is key..At 50-100 pips a day, i can live very happily. Of course 250 pips today would have been nice and made my minimum weekly target in the 1st morning but i've got to be content with what i've got..
Its only my 2nd (short term) trading day back and made 180 and 50 in 2 days so the confidence is at least moving in the right direction. Consistency is key here... I know too many traders who make 100 pips in the am and then blow it all, plus more pips later on in the afternoon. For me as long as i hit 1000 pips minimum per month, thats 12,000 per year and i will be a vvvvvv happy man and the wife and little one are looked after for good.
Anyway as mentioned its all about the pips...
Speak later. Hope u arent all bored with my chat...hahhaa. Apologies if u are...
Pls join in as i'm very happy to help.
D