Do you agree that trading is about compounding and not linear?
Tuesday, February 22, 2011
Monday, February 21, 2011
A stumble may prevent a fall
The irony about trading is that you need to accept failures are a big part of your business. The fail trades along the way may make the trader stumble. With the diligence and the commitment to review what caused the failure and learning from it would prevent the trader from big falls in the future.
Week 8 EURGBP Analysis
I am already in Long positions for the dollar pairs since my call for long. This week, probably can look at EURGBP for about 100pips move to the resistance level.
Tuesday, February 15, 2011
Tuesday, February 8, 2011
Week 6 GBPUSD Analysis
This Thursday, bank rate announcement and would it propel GBPUSD higher? Looking at the current price formation, it suggests strongly of this possibility. Buy on dips should be a good strategy for this week
Wednesday, February 2, 2011
Week 5 EURUSD Analysis (Updated)
Early week analysis did not work out and it is time to review and revisit. Below is the new analysis, it looks like there is a possibility of price attempting 2009 high in weeks/months to come. In any case, whatever we visualize need to be proven by the market and what we need to do as trader is to collect the information and trade the market as it goes.
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