I’ve had a couple of apprentices who asked what to do if you can’t ‘catch a break’ and have a string of losing trades? I stole an idea many years ago from George Soros on this and also from Bill Lipschutz and Bernard Oppetit: Stop, pause if you get 3 consecutive losing trades, until you Read more about Turning Losers into Winners[…]
It’s going to be another week of opportunity. Here are key points: Like driving it is a skill which will improve with time. So don’t give up – you will read the market easier and better the more you practice – finding trends and times and currencies in ‘sync’ with the market moves and cycles. Read more about Trading IS for you: Getting to Consistent Profits and GBPUSD[…]
Just look at these two. Don’t quit. Find the right time frame which is synchronous with rhythm of the market and works with your style. But never quit. When things go wrong, as they sometimes will, When the road you’re trudging seems all uphill, When the funds are low and the debts are high, And Read more about Don’t Quit[…]
Don’t forget you can each morning in your inbox see what I read to get up to speed on the markets over 10 minutes. (Not compulsary). Go to www.pipspredatordaily.com It is especially created for me by team from the best market information sources. I read it in 10 minutes just to get up to speed. Read more about Pips Predator Daily – Don’t Forget[…]
A friend who heads trading a major London bank – his views: (so supports my view on UK stocks and looking to go long GBP in July). A lot more ‘smart money’ voted out than you may think. This is what I have noticed brosephine… re trading what we’ve found baffling is how muted the Read more about Market View from An Insider[…]
The most important lessons out of Brexit as the image shows: It’s about currencies other than GBP EUR Get the time frame most in sync with the market As mentioned before if I get signals which come and then there is a reversal, then the market is wrong footing me, it can be an ‘inverse Read more about It’s Not All About Brexit[…]
Remember what I said pre-Brexit…this is the image of how trading happened after the Scottish Referendum and is a good template.
As Swiss Franc is seen as a safe haven, the GBPCHF short trade has shown good trends.
Although I said I am likely a buyer of GBP in July, let’s see – Steven Barrow, head of Group-of-10 strategy at Standard Bank. “So far, in terms of sterling-dollar, we’ve seen half the decline we’re likely to see this year. If you are looking at staying out of the fray – consider non-GBP non-USD trades; Read more about GBPUSD Post Brexit Today[…]
The trades we are seeing today capturing the momentum in the short term are below. Remember what I said in pre-Brexit posts: a. Don’t just look at GBP – EUR – some of the best trades are outside these b. We were sellers regardless of the result of GBP c. July is when we will Read more about Post Brexit Today[…]