MY TRADING DAY "COZARD007" - Page 2
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Thread: MY TRADING DAY "COZARD007"

  1. #11
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    Quote Originally Posted by cutiekc View Post
    Reading from your post, you don't trade the news directly, as an experienced trader, what has been your experience when it comes to interest rate increasing, just as what might happen today in regards to US dollars?
    Hello sir, regarding your question, I believe that the US is overdue to increase their rate, and they are procrastinating till now. If they dare not increase the rate today, I know that it will weaken the USD for a awhile, because investors are looking for a rate hike. The USD strength in last month hold of the interest rate is as a result of the risk appetite dominating the market at that point in time. Even if they increase the rate, USD might still fall for a while before climbing back.
    Last edited by cozard007; 12-17-2015 at 09:33 AM.

  2. #12
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    Just like my reply to cutiekc yesterday, the US interest rate was hiked, but it was in the same expectation as the market. And my prediction was very accurate, as the market moved against the USD for a while and started coming back in its full force. It was EURUSD that is pronounced in this regard. US interest rate hike was long overdue.
    eu.jpg

  3. #13
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    With what I am seeing now, I do not regret not entering the market today. The market is still not recovered from the movement of yesterday after the FED fund rate announcement and statement. I do not like to sell deeps or buy tops, that is not really easy for my trading, and can cause a market reversal at any time. Although the market is still in sell structure presently, I have to take caution.
    today 2.jpg

  4. #14
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    Well constructed topic, and part of the strategies you are working with are the ones i know to trade in the forex business. I do not trade the news as such as it is not giving me a better results when trading it. I believe you are getting what you need by experience, 2004 till now is not a small thing.

  5. #15
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    Quote Originally Posted by silverlady View Post
    Well constructed topic, and part of the strategies you are working with are the ones i know to trade in the forex business. I do not trade the news as such as it is not giving me a better results when trading it. I believe you are getting what you need by experience, 2004 till now is not a small thing.
    Thanks so much pal! Its normal that strategies are the same in this market trading, that makes it a good strategy. And yes, that journey was long, but looks like yesterday now...lol

  6. #16
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    As usual, this is Monday and i have to be careful not to be affected by the dull trading movement that could later be indecisive. This made me not to trade today; despite the fact that i saw a strong bullish trend on daily chart on EURUSD trading pair.
    eurusd 3.PNG
    Last edited by cozard007; 12-24-2015 at 12:29 AM.

  7. #17
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    Yesterday trading was not a good one has EURUSD did not favour my view of long term bearish continuation as expected.
    eurusd.jpg
    Last edited by cozard007; 12-24-2015 at 12:20 AM.

  8. #18
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    I am seeing green pips presently on my trade. Am kinda happy for my overall recovery till now...
    eurusd2.jpg
    Last edited by cozard007; 12-24-2015 at 12:21 AM.

  9. #19
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    you should then add a picture and clearly explain your entry reason and how you gonna exits the trade

  10. #20
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    Quote Originally Posted by Gamer View Post
    you should then add a picture and clearly explain your entry reason and how you gonna exits the trade
    Ok sir, I have the intention to do that, I posted that to update it later. Thank you!

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