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Nina,
Thank you for the post. I lost 110 pips because I thought a retracement is coming our way. You were absolutley right, It just could've happened to a newbie like me. I lost my rules and I lost my money. It was a very big/sad punishment. But a Big experince for me to continue to work and study so these things won't happen again.
Thanx again.
Best ragards,
Soheil
I once got told by an experienced forex trader that new traders are not entitled to think or have hunches about that market, that they are only entitled to let the market tell them what it is going to do, not the other way around.
Got caught many times in the past trading what I THOUGHT would happen.
If gold retraces, this will help the retrace on EURUSD and Cable or it should.
But we are facing today so far a market that wants to consolidate and we can have a lot of false signals. Take care.
Nina
I agree, with the big moves Thursday and Friday, I am of the thinking that market may, I say MAY, consolidate for today and with US 4th July holiday tommorrow, may see that stretch to tommorrow as well.
But wait and see what the market tells us.
Also, Nina, I would like to thank you for all the help u have given everyone on this thread, a great system that I am currently demo trialling and believe that it has real good potential, see how the demo trading comes along.
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