I think the chart shows everything you need to know. As mentioned in my Twitter, I was looking to long GBPUSD. Pretty simple technical trade. Similar to my dummy trades, but of course with some tweaks. Here is the…… chart (click to enlarge)
Blog and Rants
Weekly wrap up
Nothing really new. I am trapped and exhausted. I am talking about my day job. What can you do when you are working in an environment where there is an obvious skill incompetency in the team? I don’t know. I am not complaining too much since I am an independent professional. I do whatever I […]
Get Back up
Some of you might have already watched this video. I found it to be inspiring. 5 minutes, is all it takes to inspire you.
What do you really need to learn about trading
Lately, I have been spending my time working on my ATS (automated trading system), developing strategies and risk management models. I visited few forums, reading some brilliant ideas, and of course, unavoidable, some junks. While reading the postings by some new/struggling traders, I have some thoughts. What do you really need to learn about trading? […]
Weekly Wrap up
It was a chaotic week. Mentally. I was not troubled by trading, but my day job. I am not sure what is my next move, and there are just too many uncertainties around. These also crippled my ability to trade last week. I found myself losing the ability to think clearly. I closed all my […]
Pivot play example
Here is an example of how you can use pivot and Fibonacci to trade currency. Pretty straight foward. We sell short at resistance levels. As a rule of thumb, don’t look for a specific price level, instead, we are playing with the price zone, or some say price range. No magic level in the market, […]
