Forex Diary 4th March 2020

8:30

hey all

nice action so far today .....cable selling sweetly

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9:30

ok its choppy in last hour or so .....painful ...knife edge scalping trying to sell cable and nothing that obvious coming as buy opps into a rising usd at present

look at lower left chart on fxcorrelator 20 ma on 5 min ...see the convergence of 8 lines ? ...DONT TRADE !!!

this is where all inexperienced traders hand back their profits .....so tighten up in what you do ...or simply step away from market ....

but do something different ......and recognise the market has tightened

dont just keep doing the same things as a trend market ...you will lose

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