Trade Plans this week, My favorite pairs for Monday,Tuesday
Not very interested unless break of my Range lines.
Looking for continuation RBA Rate decision Monday. Prefer the news to come out then trade price action at support or resistance
Looking for some buying . Prefer buy 138.00 1st, 2nd opportunity 137.00. If 137 doesnt hold I will be neutral
Looking to buy if 75.50 holds. If breaks I am neutral. Re enter possibly 75.00 area
About The Post
About The Forex Analyst
Former fxbootcamp.com member with David Pegler/Wayne Mcdonnel. Introduced to Forex investing in the year 2000.Attended a local Forex school (learnforex.com) (Sacramento) $2000 learned Technical analysis. Owners sold to a student, new owner scammed millions from students/investors. I also lost my investment. I continued to try and teach my self unsuccessfully. I have lost $9000 of investment and education. But yet I was still willing to learn and trade for myself. I dont trust anyone with my money but my self. Its been a long hard journey. I have learned a lot from Wayne McDonnell and David Pegler. I am finally able to understand the money management aspects along with traders psychology. I believe this is the biggest part of trading that I failed in. I also believe I need more knowledge of Macro economics. In the last 1.5 years I have turned a corner and have managed to stay profitable. I learned for my psychology and risk management, I developed a semi automated trade plan to take profit and losses with %20 draw down. https://www.myfxbook.com/members/PippinUSA. My goal is to recoup my losses from past investments and consistently keeping a profitable track record to possibly trade larger account. I also am working on learning more macro fundamentals to accommodate technical analysis.