Hi everybody, old readers and new.

Good to have a few new faces on here. Please do ask questions, silly or not.
Bloom, Rockdrive, Honest Bill and a few others have been valuable contributors to the thread for some time and if I cannot help I am sure one of these terrific guys or girls will be more than happy to share their wisdom.

Moving on to today.

There has been a lot of action in the last 48hours.

Lots of reversals going on and some dollar weakness coming in in anticipation of a fed rate cut which was 0.5%.

It's actually Really quite hard just to jump into anything at the moment but one I have been trading quite a lot recently, the USDJPY looks a steal above 98.50 to make headway to the daily 20ema up at 99.65.
There will be some resistance at 99.00 so I'd be tempted to take some profit there and leave a small part of the position on to the final target.

Have a good morning. I will be back later to look at some other bits.

__________________
I'm now sending trading notes out twice a day with videos too. Have a look HERE.
There's one set at 6:30 UK time for London and one at 12:00 for U.S session, plus I will send a summary video after each session

Hi everyone. I have recently discovered this post after a long time of treating demo accounts as a part time play thing and randomly half reading articles downloaded. For 2 long to mention....
I started at the start of the commentary and am now up to page 30 something. Wow!..... Wow! Just Wow!
At first my head felt like poppin a vein. Now starting to put together the indicators and setup the screens, becoming more familiar with what you guys are talking about.
One thing that has occured to me, is the vast (exponential) improvement in my understanding of markets, correlations, strategies, etc, since starting on this thread and some other forum info.
Why did I try by myself for so long?
Anyways, not kicking myself, because the few strategies I have been trying, have helped reach my demo earnings target and so now I am really close to going live. (Just waiting for the "Live' savings account to reach it's target).
When I can catch up with what is going on with this extra load of info, Then I believe I will be a happy little monkey indeed.
Anyways, will popping my head into the boiler room soon, to have a sticky beak at what goes on there, and will be following the updates here as closely as I can.
Regards to everyone,
Martin

Welcome Martin,

Before this thread I was relying on signaling services and my own, limited judgment. Now I can make trade decisions with a high degree of success. My only problem, and I suppose everyone is the same, is coping with the psychological side of things. But nothing a few winning trades can't sort out.

Anyway, the boiler room is closed now but contact FxPimp for access to the new free chat room. There are usually a good few people in there throughout the day.

Take it easy, you're in good hands.

Bloom

I will do a post this afternoon but for those of you who didn't take the 50 pips available from this pair from this morning's post, then keep your eyes open for a break of the triangle to the upside on USDJPY.
We are still in a longer term down trend but IF the trigger does come in on this with a break then there could be another 50 pips or so to come out of this.

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__________________
I'm now sending trading notes out twice a day with videos too. Have a look HERE.
There's one set at 6:30 UK time for London and one at 12:00 for U.S session, plus I will send a summary video after each session

What a pain-in-the-ass day!! Extremely frustrating. A few forex trades, which were fine, but the indices have pissed me right off. It the fine art of when/where to take profit that has got me. 2 trades I cut for small pips both ran on for +75 and +125 gains, then I get frustrated and punt 1 and lose 35. Last trade I'm up 25 but decided to stick it out to see me -15. This is annoying me immensely. I know it is hard to get the top but I need to max out some gains, cause at the minute my risk/reward doesn't work. Any advice?

Your not alone Bloom - I had the same issue this afternoon cutting the dax and dow; only to watch them fly in to the distance. I had a perfect picture drawn on my gold chart - a break lower; it was still going south last time I looked some 300 pips. I think we just need to drink more...its a relaxing way to spend the time. My best trades come under the influence cos by then I am following the rules but am horizontal in attitude. Maybe why I do better in the evenings too!

Regarding solid advice I think I need to follow my own mantra more which is "have a little patience", and begin to reflect on the entry at 5m and the trend over 15m or longer. I think I have become fixated on the short term charts and need to stand back a bit and look more 'big-picture'. Once upon a time we used to trade in the old days off the 15m chart....Remember that one and moved to a 5m chart for entries. These days I think its only the 5m chart that gets looked at. I am now off for some food and you guessed it a rather large sniffter. Got a rather tasty Argentine Malbec to quoff. Cheers a toast to patience and long term trading (and no knob-head trades)!

Short Sighted Rockie

p.s. finally managed a crude trade 6275 short to 6233 (+42) ....I wait for crude but am less patient elsewhere - weird

p.p.s one of our number is hitting a rather large and special birthday, apparently FORTY (or so he reckons).......not going to mention who, but I'm sure he will fess-up before it happens so we can all sing Happy Birthday

40 you say? A Guinness drinker perhaps?

Good day in the live room today, my results:

Dow Futures +295, Cable +427, EURUSD +2

Excellent strategy.

Hi guys/gals
What is bugging the most these days, is I am missing all these large 500/600 point moves, usually because I miss first entry , and never get a chance to get in, It's brutal, everytime I go for a meal or a break, move happens.
What to do.
After all that moaning, best of luck to dan and co. in live room, great guys and very helpful.
Ignore the moaners pimp, if u want advice from the fox school of diplomacy, tell 'em to buzz off (except I don't really mean buzz Ha Ha )
Foxy.

perhaps.......maybe the odd glass I would have thought....