This is a gilt-edged example of when not to listen to your thoughts and just do what your charts are telling you to do. If I'd ridden these two signals properly I'd now be 200 pips better off. 200.
How many moves d'you get like that in a week? And it was staring me in the face...Memo to self - trust charts, not opinions!
Attachments
EOD Pip Report:
£$ +2 +30
€$ -9 -8 +8
€£ +5
£¥ +20 +20
€¥ +12 +39
$¥ --
total: +119
Very decent day, but could've been better if I didn't have to go out mid-morning, and could've been bloody fantastic if I stopped thinking so much and just did what my charts tell me to do (see previous post).
Key: Vertical line on the left is 8am UK time
Arrows are Entries, Ticks are successful exits, Crosses are unsuccessful exits, Thumbs
up & down are signals (and their exit) rejected through timing (e.g. lunchtime, or just
before a major economic data announcement) or through poor personal judgment.
€¥ morning trade has disappeared from chart for some reason beyond my comprehension...
£$ +2 +30
€$ -9 -8 +8
€£ +5
£¥ +20 +20
€¥ +12 +39
$¥ --
total: +119
Very decent day, but could've been better if I didn't have to go out mid-morning, and could've been bloody fantastic if I stopped thinking so much and just did what my charts tell me to do (see previous post).
Key: Vertical line on the left is 8am UK time
Arrows are Entries, Ticks are successful exits, Crosses are unsuccessful exits, Thumbs
up & down are signals (and their exit) rejected through timing (e.g. lunchtime, or just
before a major economic data announcement) or through poor personal judgment.
€¥ morning trade has disappeared from chart for some reason beyond my comprehension...
Attachments
100 pips in a days session......those kinda figures are what make it all worth doing
N
Thanks Neil - I realised I should count my blessings when I heard about the Greek debt status being junked. No way I could've known that was about to be announced, so 9 times out of 10 the decision to call it a day when I did would've been about right.
It'll teach me to keep my news feed going until 5pm though!
this made me laugh:
"1.06pm: Several hours ago, YeeofLittleFaith posted in the comments below that Greece should "tell S&P to bugger off". 233 fellow readers (and counting) agree. But do you think Germany should yield and support the bailout? "
from http://www.guardian.co.uk/business/blog/2010/apr/28/greece-financial-crisis
"1.06pm: Several hours ago, YeeofLittleFaith posted in the comments below that Greece should "tell S&P to bugger off". 233 fellow readers (and counting) agree. But do you think Germany should yield and support the bailout? "
from http://www.guardian.co.uk/business/blog/2010/apr/28/greece-financial-crisis
In the absence of an ECB announcement, rumours are pushing the € (&£) back up the way they came down vs. $ & ¥ yesterday evening, currently pausing at various fib levels.
Imagine how far it'd dive if they came out and said they couldn't come to an agreement...
Imagine how far it'd dive if they came out and said they couldn't come to an agreement...
