Trader Talk Thread 💱

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And then - and then -and then along came TRUMP!! Long tall TRUMP!! :rofl::joy::rofl:

Love it when a well laid plan comes together! :+1:

The weeks activity. Busy day tomorrow, so done for the week.




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Watching GU on the 4-hr and daily. Not enough evidence yet that GBP has finished diving.

However other factors are driving the Euro down, mostly the usual suspects … the ECB

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Possibly the time for long GBP has arrived.

Merkel makes an encouraging comment concerning find a workable solution to the Irish backstop … Cable pops 80 pips

Funny how the technicals often precede the politics. Though I would never have guessed Merkel would have the hots for Boris.

I’m quite clueless what is going on at the moment. I only have my phone and tablet. No matter what, charts are totally crap in Android.

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Not much this week. Little time to trade and didn’t like the action – pretty much tight range in euro and aussie till today. Only made 4 attempts with 2 being partial scalps and 2 ending up as safetys. Less than 3% profit this week.


Gonna show why 98.89435% of my trades are scalps. I certifiably suck at long trades. My take profit is set at 6.9 pips and my stop is set at 9 pips. I risk 3.55% per trade.

Took this trade because a week long triangle was violated. The 30 minute shows there was aggressive buying (long candle legs) and it also appeared as a double bottom.


I slept on this sucker and came within a pip and half of losing on a full stop at the London open. There were 4 opportunities for full scalps (3 while I was awake) and it only takes 3 full scalps to meet my weekly profit objective.

And heres the final result— ZILCH :flushed:

Disclaimer: Take all this with a aspirin and a grain of salt because

ww

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Take this. It will sort everything. :grin:

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Looks like a delicious glass of Cabernet – don’t mind if I do! Thank you. :kissing_heart:

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Live and learn. Like in the book Trading in the Zone by Mark Douglas, don’t judge yourself with one trade. Score your work with a series of, for example, 20 trades.

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Right, I know Jen said something like “it is in the charts” but when I looked it was less than apparent to me. In fact if you look at a 4hr or daily of GBPUSD it still has not broken to the upside.

However…

Just curious – I deal with Oanda and their margin requirements are very high on cable – y’all’s high too? With Oanda, aussie lowest and euro next.