As price did reject 15305 area I have moved my stop loss to protect 40pips. If price comes bck above this level I won't re-enter as I am now unable to monitor the chart for the rest of the morning due to work commitments.

Why Can't I Trade?!

image

Why Can't I Trade?!

I opened a position in the GbpUsd this morning shorting at 15352 after the market rejected 15368 where there were likely longs stopped from yesterday. My SL was 20 pips and I was aiming for old resistance to turn possible support at 1.5305 and so I ...

Why Can't I Trade?!

Sorry for not posting yesterday work was really full plus I wasn't trading as mentioned earlier. Thanks for all the posts and comments - I appreciate people chipping in where and when they can. deanoracer - Agree on the set number of pips. I too use ...

Why Can't I Trade?!

Yes I know that haha. Just been through the EurUsd charts for the past few days and I can see the setups clear as day Need to focus more on my levels and believe in my plan and trade the probabilities. On another note I don't always have ...

Why Can't I Trade?!

Yes, agree with this. Usually 20-30 pips is my uncle point so again in addition to position size good advice. Agree again here..... 1:2 RR or more does mean I just need to play the probabilities and have faith in the long run that my setups are good ...

Why Can't I Trade?!

Yes this will be in my plan going forward. The position is being reduced and clear entry and exits defined before trade entry. This is something I have looked in to before so I will check out the thread - thanks.

Why Can't I Trade?!

Thanks Tom, Rules and strategy going in over the weekend and then re-start Monday as have banned myself for the rest of this week. I'm confident I will get there in the coming months especially with the help support and advice from this here forum. ...

Why Can't I Trade?!

Thanks cat - I will certainly stop by your thread, appreciate the invite

Why Can't I Trade?!

Thanks Mingary, mraf20, Laurentziu2, winrunner01 & ReyesWhite for your comments too.

Why Can't I Trade?!

Yes agree, position size is going to change and only increase equity as the growth allows once I have defined my plan and SL and TP objectives. Typically I am a risk averse trader and sometimes strangle my winners by moving the SL too aggressive ...

Why Can't I Trade?!

Thanks for taking the time to write this TraderinSD. I have been out and bought the diary and notepad and will start to put this to practice as I'm sure it will help to internalise the feelings and hopefully break down the consistency in the type of ...

Why Can't I Trade?!

Thanks grin - I see where you are coming from there, no hard earned cash does clear the mind somewhat. If this account goes bump - which I am determined it won't then I would be straight back to demo for another 6 months as I did the first time the ...

Why Can't I Trade?!

Thanks for your input cat but as my post states I am not looking for anyone to analyse my charts for trade signals but more as I post my analysis to offer any feedback of what I may be looking at and offering a different perspective. Sorry if it ...

Why Can't I Trade?!

Not far off, I missed the sell opportunity despite watching the retracement as I was a few minutes late and wasn't around for the NY session. I did manage to get a few shorts in on Cable though with three winners and one loser during the day. ...

EURUSD

I agree with this as it repeats over and over - the problem I have is position size and trade management which is why my most recent account is ~40% in hole. I'll be watching this tomorrow if I can get the screen time and would look for a sell ...

EURUSD

A mixed bag today but still favouring shorts for tomorrow although not in any rush as we may retrace a little further before the next leg down and we are also testing the sloping trendline from May 15

EURUSD