Training Journal -
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thread: Training Journal

  1. #301
    Senior Member sarapano's Avatar
    279
    24/05/2018
    --

    The drop in oil has captured my attention as of late... I may place a transaction in oil but that is another week. Currently busy with other facets of my own life.

    GBPUSD retraced some today. Actually, USD generally retraced across the board. It isnt surprising given. IMO the retracement is miniscule and isn't a signal of the end of the rally. The inherent fundemental conditions are still there sooooo Im fastening my seatbelt and sitting tight again!

  2. #302
    Member Sun's Avatar
    70
    21/05/2018 -- not sure if it is only me, or do I keep detecting an quite a range of bearish usd calls? Like im not kidding. Nearly 90 percent of those posts/analysis/calls about the usd is bearish! Im taking this that most traders still do not buy the powerful dollar narrative. Along with a contrarian indior. Gonna sit danm tight on my long dollar positions. Im currently itching to take some money off the table. However, I know that it isn't the best thing to do. Especially when is a strong tendency in my own favour. Constantly fighting that urge within me! And it...
    these are traders who will get rid of money and know 0 about fundamentals!!!!

  3. #303
    Senior Member sarapano's Avatar
    279
    23/05/2018 -- Partial TP on my GBPUSD position hit. Now I will be riding cautiously towards the 1.33 - 1.335 mark. IMO there may be a few overextension of the US Dollar. But to stay from this market because of that will be depriving myself of profit opportunity. Only gotta bear more careful from this point on.
    Boom. We broke the 1.34 mark for actual!

    My suspicion is that the slowing inflation rate might lead to BoE to reconsider about their rate hike path. Which in any case is not great for the pound.
    The fantastic news is that real wage growth is eventually favorable. Which may result in consumer spending and thus inflation. But after much thought, my take is that it will take some time for the process to go full cycle.

  4. #304
    Senior Member sarapano's Avatar
    279
    23/05/2018
    --

    Partial TP in my GBPUSD position hit. Now I'll be riding cautiously towards the 1.33 - 1.335 mark.
    IMO there may be some overextension of the US Dollar. But to remain from this market because of that will be depriving myself of profit opportunity.
    Just gotta keep more careful from this point on.

  5. #305
    Senior Member sarapano's Avatar
    279
    22/05/2018 -- Spotted a fast trading opportunity now. Longing CADJPY about the back of rising crude oil prices yesterday. This pans out!
    So that commerce did not work out...
    Read somewhere about OPEC considering relaxing on their own grip on oil. Plus with all the apparent risk-off disposition...
    Ohwells, you win some you eliminate some. Just glad I kept my losses little.

  6. #306
    Senior Member sarapano's Avatar
    279
    22/05/2018
    --

    Spotted a quick trading opportunity today. Longing CADJPY about the back of rising crude oil prices yesterday.
    Hopefully this pans out well!

  7. #307
    Senior Member sarapano's Avatar
    279
    21/05/2018
    --

    Not certain if it's only me, or do I keep discovering an a significant number of bearish USD calls?
    Much like im not kidding. Nearly 90 percent of those posts/analysis/calls about the USD is bearish!

    Im taking this that most traders still do not buy the strong dollar narrative. Along with a contrarian indior. Gont sit danm tight on my long dollar positions.

    Im currently itching to take some money off the table. But I understand that it isn't exactly the ideal action to take. Especially if there's a strong tendency in my favour.
    Constantly fighting that impulse within me! And it isn't comfortable!
    For the last couple of nights, I have been waking up to look at my positions. EVEN ON THE WEEKENDS. I have no idea why. Perhaps Im afraid that price will move against me and that I might lose a substantial chunk of my profits? I guess this is a indiion that I took too big a position? Argh this is screwing with my thoughts!

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