Shorted 1.3505, in position SL now. High risk.

GU shorting time...

I'm not trading btw...busy/on the road...

Smells money, +100 pips now for new GU shorts.

nicely down. let's see hit tp or not



just arrived PD for holidays

Happy Holidays..!!

Good holidays, bro,...

Just manually closed all my sells (from 1.3330-1.3490) here at 1.3320. It is a very modest target but I was starting to feel a little uneasy so I decided to exit early (as usual 😂).
Good luck and happy weekend..!

Yup, I agree that it was not the best entry but I chose to place my first pending short order there because it was the fibo 161.8 retracement level of the recent pullback (from 1.3228 to 1.3050).

The main rationale for shorting was the prominent divergence in the daily chart. Once I have determined this, I usually identify key fibo levels (in the smaller timeframe as well as the larger timeframe charts) to place short orders.

During the spike on Friday, GU actually hit many key fibo levels and stopped just a few pips shy of the 261.8 retracement level (1.3520) of the recent pullback (mentioned above).

All my short orders were between the 161.8 and 261.8 fibo retracement levels. Usually when there is prominent divergence in a bigger timeframe chart and we get a spike (new high), short orders placed in the region between these two fibo levels are “almost” fail safe.

More importantly, looking at the weekly chart, it was the first time we hit the fibo 61.8 retracement level (approx 1.3450) of the big fall (from 1.4378 to 1.1970). Hitting this key level for the first time and having a nice divergence made pullback very likely and further strengthened the rationale to short.

Btw, I am keeping an eye on this fibo 61.8 level. It may be a good opportunity to short if we get close to 1.3450 again. Failing to break and hold above it means that we will likely see fibo 50 once again (approx 1.3170). Cheers

Ps: Sorry for being so wordy 😂

Hahaha, money for all positions.

some interesting random things for your amusement:
This year, top performing fund made 69% return.
Lowest performing fund made -33%.

Didn't mention. I guess I could calculate it but I'm too lazy lol.

Top 20 funds averaging about 35%.
Bottom 20 funds averaging about -15%

This year you made anything more than 28% you're considered in top 20 fund manager.
If you lose more than 7%, you're in the bottom 20.

Fuuuhhh
Gold like unstoppable

Profit booked...

Anyone tried to use onshore bank to do forex trading, please share the experience and differences between using onshore bank and offshore broker?

nope.. can extend invite?

free for all?
need invitation ?

what;s the expectation for Brexit/FOMC ?

EA? it makes small money, wouldn’t let EA take bigger risk or more trade positions. Manual trading is the best. I have both setup by the way.

Nice trade there , just the risk reward not very good.