thread: Trading with the Edge.

From trading for the past couple of days, I have enjoyed my little break. It gave me some time to reflect,research,refresh(sufficient of alliteration).
One shocking fact that came from the process was that I have a prejudice to shorting the market. Of all of the trades I have taken live (both posted here and not) 82 percent were brief entries. I realised that of all the enteries 28% have been shot against the tendency for the day when I looked into it. This prejudice for shorting makes me look for a commerce which doen't exist or is present but has a low chance of success.
So the aim of activity for the coming months will be to evaluate the marketplace with an unbiased eye and take what the market is offering compared to what I need it to offer me.

Whats going on zones,
After few weeks we've come back to find you've changed. No longer live trades(clear) but focusing on the beast only....good luck

Whats going on ,
After few weeks we've come back to find you've changed. No more live trades(understandable) but focusing on the beast only....good fortune

Hey Dutch, Great to hear from you.
Your monitoring is partially correct. It's true, I had been focusing on the GJ pair. For shorting, this was due to my prejudice and since the geppy was at a mode I had been attracted to it. However, I have realised that this stream in my psyche and I am working on it I appraise a set up for what it is and not what I want it to be. I am now focussed on both GJ and GU and I will be equally comfortable taking a long trade as well as a brief one.

A very much instance of making notes, watching and doing little else. The market is at a stage and after being quoted a spread of 10 pips at geppy and 6 at the cable I knew now would be a fantastic day to remain on the side traces. Aside from spreads I guessed that the stop loss would likewise need to be 60 at the cable and 80 pips at the geppy. The market was explosive that I didn't even take a transaction in the demo account.

I took a short trade this morning at the cable. I offered the re-test of this UML of this red fork in 2.0054, using a stop 16 pips over at 70 and my goal was that the LML of the horn that was blue. Struggling to ride it for a 26 pip gain. Whilst riding it down to the LML was comfortable but I found lots of excuses for not buying the LML of the blue fork. I guess my prejudice for shorting is as strong as before, the only difference is that I am aware of it and I will continue working on it.

A. Some time back I chose not to exchange the news volatility and I am happy to be aware I was tempted to take a punt. I now need to work in my prejudice.

Another inactive day. As the volatility in it is crazy by its own standards that were crazy, I've abandoned the monster alone this week. I hoped to grab a down trade . I counted 5 pivots along with the market did turn but I never got an entry. Same thing with cable, there was a setup in the morning prior to the news release but wasn't interested prior to the figure and after the figure I never got a chance.

Today I have had a great day thus far. I missed my entrance both on GU and EU, yesterday. Today I've been lucky. I was able to find short on both. At the Cable I brought a Schiff fork and marketed the UML in 1.9825 using a stop at 1.9840. I've already exited this position at the line at 1.9775. A great exchange for 50pips.
In the EU I missed an entrance yesterday, now I transferred the origin of pivot 3 because I noticed yesterday that cost was respecting the UML but using a different pivot.I sold 1.5595 using a stop 15 pips above at 1.9610. I've moved my stop to 1.5590 and I can ride it to the median line hopefully.
Edit: SL 1.5585 currently 60 currently 30 Gain taken at 1.5458

Well done!!!

Well done!!!

As Morge says give credit where its due. Well I wish to say a big thank you. If I am totally honest I came close to taking a 60 pip gain and walking off. I recalled your rollicking way back in the beginning not let allowing its conclusion is reached by a trade and it skews the ratio. I was planning to send you a private message of thanks but I think I ought to say it. My sincerest gratitude for you Mr Dopey for encouragement, the help and advice. May God reward you.