This is my very own trading diary, to which I will post my transactions. I have been taking a lengthy break of news trading and now is more into regular technical trading.
This is my very own trading diary, to which I will post my transactions. I have been taking a lengthy break of news trading and now is more into regular technical trading.
Possible short position in GBPUSD 4H TF... When it goes to my top BB @ around 1.5625, I would go short there.
If this is right, then my BB is very good pointing out that the major trend is South. If it fails suspending the bulls there, than SL level could be placed around 1.57030 area; TP level is now around 1.5525 which is close to lower BB boundary.
As of writing, daily pivot degree is @ 1.56 area, closest support/resistance is 1.55551/1.5656
Thanks man... The very first reply in my diary. I have been taking break from being fundies trader and would love to return to my old techies me...
It turns out that being one of the fundies requires more resources to maintain trade positions, very tiring and costs me a lot of time listening to news, very very noisy news...
Originally Posted by ;
Oops, sorry guy goal. I edited the first idea into (potential ) Short; that is what I meant by targeting South...
Originally Posted by ;