You might want to revisit a few things. Today was THE day for making money. Try and see what you are doing wrong, if you're getting stalled out nor what. You should know if you're right in a trade by the end of the day.
Jeff
Jeff
Journal of a Novice-Level Speculator
- Thread starter Pension_Admin
- Start date
Hi Jeff,
I was definitely on the wrong side and things were indeed stalling. That's why I didn't add to my position. I am still very confused about the current environment in forex, so I won't be entering any trade soon. I will have to feel out what kind of market regime we are in, before I can have another opinion.
Thanks for the pointer!
PA
No trading today. I spent most of the time applying for jobs and keeping in touch with my old co-workers.
PA
PA
Long USD/CAD.
The Fed is now comfortable enough to play around with the discount lending rate. More actions are expected to come.
PA
The Fed is now comfortable enough to play around with the discount lending rate. More actions are expected to come.
PA
why would you say that?
Jeff
Jeff
I just like to anticipate the unexpected. I could be wrong, but I think the Fed and other countries who hold US debt, want USD to appreciate instead of depreciate in the long run.
Increasing the discount rate may not mean much to the USD, but it's a sign that the Fed feels that the financial system has been stabilized, which I believe will further support the economic recovery.
In the end, I know it's not about what the Fed do, but it's about what people expect and how they react to the Fed's actions. So, I guess anything can happen.
PA
No trade today. Just watched my USD/CAD got worst. My entry was very poor, but the bright side is that my position is small.
I went to another interview today. I had to meet up with the owner of the business. The interview was short, but intense. This left me with a conclusion that most entrepreneurs are quite sharp. They know the right questions to ask and they don't waste time.
Anyway, I hope I could get a job soon.
PA
I went to another interview today. I had to meet up with the owner of the business. The interview was short, but intense. This left me with a conclusion that most entrepreneurs are quite sharp. They know the right questions to ask and they don't waste time.
Anyway, I hope I could get a job soon.
PA
The raise in the disco rate is bullish. If the dollar doeson't go up, short the shit out of it.
No trading today. Just watched my position goes up and down. I am a little bit upset because of my entry. It was horrible. I should have exercise a bit more patience before I entered into the trade.
I went to see another HR agent this morning. They told me that the employment market is picking up and they are expect to get really busy in March. I hope they are correct, because I need a stable income for my living expense.
PA
I went to see another HR agent this morning. They told me that the employment market is picking up and they are expect to get really busy in March. I hope they are correct, because I need a stable income for my living expense.
PA
Stop raised to b-e. I still believe in the position, but I would rather have it get stopped out at b-e and allow me to re-enter it at a better entry.
PA
PA