8:07 am BST
asian session saw weak USD and Yen action ......with mainly a strong Euro
so far since 6am BST I have been trading that bias....but not much on table so far
a lot of flux so sitting back at moment
in EU and EJ now selling ...ive seen enough
well its one hell of a swingy morning so far ......currrencies are certainly moving
euro has actually been bear for most of london morning so far ...my efforts have focused on selling it against USD and Yen .....i have also sold cable at times so far later part of morning
I talk about DIRECTIONAL BIAS a lot to traders learning the ropes ...it is very very important and key to your trading success...no hesitation or doubt.......
even if you are wrong ...it doesnt matter .....with practice and a robust method you will eventually be right enough most of the time to make consistent money in the markets
resold EU again at 1371...
took a couple of pips then it reversed ....jees tough market
i have been recently selling EU below the 1380 levels ...its been down to 1364 i have been recently selling EJ below the 126.10 levels ...its been down to 125.93 i have been recently selling GU below the 2716 levels ...its been down to 2698
mixed bag and a lot of tricks during this phase...messy and an inexperienced trader could be losing money ......nothing clean really or easy to spot ...obvious levels of support now on these pairs so expect some chop
hey all .......bloody hard work since last post ...jees !!
ok ive been trying to work the bias / positions in last post
heres the GU and EU and where i have been active
been ok but bloody hard work ...hoping the NY opens will be better