spent some time trading this morning in my mates trading room.....
this week has been about selling GBP so far ....anyone can see that .....
todays session to date makes that hard ......plenty of positive reaction to the leadership vote ......GBP has had a good session to date ...
BUT......sterling index has been down nearly 200 pips this week so far ..... and its pulled back to the 90's ......so 50% retracement levels in play ...........im re-hunting sells now looking the the gaps ....
i’m still on vacation till the weekend .........but been sitting with a trading mate over last few days trading the market .........
i’ve also been looking at the latest round of mentors and educators out there in the forex world......
lord oh lord do i feel sorry for novice forex traders .......thé sophistication level of the vendors is very very clever these days .......far better than say 10 years back ...and light years from the amateurs back in the early 2000s........
most of this the stuff is still smoke and mirrors though.....cleverly disguised in the usual nonsense and mostly free information if you look hard enough
there a subset of vendors that i must pay homage to though.....i have been reviewing a couple of vendors and their latest offerings to us mere mortals ......
and frankly i am impressed ......because basically they have had their own careers funded by paying customers whilst they continued to try to find something that works ......
this particular vendor is now on their 4th or 5th winning system ......i actually keep track of many vendors releases as i am naturally curious being that forex has been my main domain for the last 20 years
mysteriously no mention is made of the previous systems that clearly were not as successful as origilnally claimed .........but the new one is very successful and already have many testimonials to prove it....haha
and all yours for at least 500 dollars once you factor in the add ons....
so this person has already taken about 4 to 5 rounds of income whilst they try to get better ......with no regard to customer service or true customer satisfaction......well at least his new stu stuff is getting better..........i should know as he is copying a lot of what i have been doing for 20 years........he’s still got a long way to go yet though .....
so more example should of why this industry gets such poor press.......
i don’t stick my nose in these days on these guys ...as in the past it has been a little sticky when i tangled with some of them ........if you go back a few years on this trading thread you will see names mentioned and even free software released by me to stop them making thousands of dollars off unsuspecting novice traders .....
i don’t do the battles these days .......but i am very happy to talk to traders if you want the lowdown on any forex courses out there ....
hey gang .......usd is has been bear asian and also real short today from london opens....yen struggling as well...so good conditions to scalp for me ..........
scalping EU and Cable buys plus a little EJ ....
cable up from 2580s to 2600s so far
EU up from 1.3000s to 1320s so far
EJ up from 128.20s to 128.40s so far