pezq
Long

A Cables progress....and other stories

FX:GBPUSD   British Pound/U.S. Dollar
40 3 2
Long eventually but hope to buy on the lower slopes. Its a great fit dont you think?

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ForceFollower
2 years ago
Yeah, nice. :) However, you can play with those circled things, :) but almost noone really uses them for real trading. Why? Because they change their position when you change your focus on a chart...
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pezq
2 years ago
You're right of course, but one has to do something to pass the time while waiting for Draghi and co to actually do something!
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ForceFollower pezq
2 years ago
Yes, I know, what you mean. :) Sometimes I do that too. :)
However, the best way you can spend your time as a trader - is by collecting the statistics on your setups, in order to infer probabilities from them. They will give you the confidence you need, and the confidence will build your discipline. That's the way it works with me at least. :)
Now, this pair has suffered a massive sell-off. I hope it's going to close high enough (making some hammer) to give boost to the up trend.
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