Taking a Rest for a week.
Type: Posts; User: oxnoki
Taking a Rest for a week.
Good rhythm today and few opportunities presented themselves.
https://www.nigeriaforextrading.com/attachments/15251734611744355991.jpg
Trading from time trend is proving a astrophe, as it needs to.
20 x 0.1 GBPJPY Buy orders are because of me playing a script.
EURCAD 1H - Next few days could disclose that or maybe it will just crawl higher.
https://www.nigeriaforextrading.com/attachments/152517345964099610.jpg
In my experience, if you risk 1/1000th of your account balance, you stand a fantastic opportunity to fight.
Thus, if you've got $10,000 account, your complete open position should not be higher...
SL set to BE
Temptation would be to assume that DAX will fly back into the top and beyond. It should form a foundation in order to do that. Global markets are currently taking a breather. Let us see!!!
...
GBPCHF 4H
Possible reversal around Daily Pivot!!!!
https://www.nigeriaforextrading.com/attachments/1525173441.jpg
In my introductory post, I'd say I won't be posting indiors because it will take away from what one needs to be seeing. Including a MA or two on where the trend was can concentrate the mind. Yes,...
DAILY GBPUSD - Overall trend looks to be down. Who knows?
Beware of 9:30 Retail Sales News!!!
https://www.nigeriaforextrading.com/attachments/152517345581711514.jpg
DAX guessing game continues.
Breaking my own rules and trading against the trend. Really dangerous. Therefore, I will bale out of this.
...
https://www.nigeriaforextrading.com/attachments/1525173452108616651.jpg
I've closed the place. I will wait for opportunities.
Just need to be patient and it will unravel.
Just need to be patient and it will unravel.
I've left place available for today but've closed EURUSD and GBPCHF places. It was another day for my demo account.
Tomorrow is a new day to refocus.
EURUSD 4H
https://www.nigeriaforextrading.com/attachments/1525173438.jpg
GBPCHF 1H
https://www.nigeriaforextrading.com/attachments/1525173451603496987.jpg
DOW30 4H
https://www.nigeriaforextrading.com/attachments/15251730771105085311.jpg
EURUSD 1H
https://www.nigeriaforextrading.com/attachments/1525173076802650295.jpg
Establish the tendency using a moving average. On 1H 100 EMA for instance. Be sure all your trading is with this tendency. Probably the area for any trader!!!
CHFJPY 1H
https://www.nigeriaforextrading.com/attachments/1525173074563053312.jpg
DAX 5M
https://www.nigeriaforextrading.com/attachments/1525173059.jpg
https://www.nigeriaforextrading.com/attachments/15251730731386212999.jpg
Now, NY is closed. So, I am just scalping amounts. For example DAX has dropped over 400 points this week/month. You could look for fast in/out chances on smaller (1M) time frame.