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GlassOnion

The Club

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Purpose of this thread:

 

 

a) offer analysis

 

b) offer entry/exit in a timely manner - if not able to do in a timely manner (within minutes) abstain from publishing them in order to avoid

discussions and rantings

 

c) discussions regarding trading

 

 

I would like to see that all traders are trading real accounts, and trades published are on real accounts, because we all know the psychological difference between demo and real account.

 

On the other hand: a great idea/trade is a great idea/trade, regardless of demo, life account or theoretical. If the analysis is good, reasonable, with concept and so on, it should be valued high.

 

This thread should not be a competition. Keep in mind: we are trading all our own "systems" with our own "money management". So for some of us 100 pips per day mean the world, for others the world is fine with 10-20 pips.

 

I would also love to see from time to time analysis why a trade went wrong.

Edited by Mysticforex

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Wednesday is a busy day for the British pound with the UK Budget, BoE Minutes and employment report scheduled for release. Whil the labor market numbers will be strong, the UK government could downgrade its GDP forecast putting pressure on GBP/USD. There's no clear entry level for a sustainable long trade, but a break of today's low provides a clean short trade.

 

Place Order to Sell GBP/USD at 1.6527

Stop 1.6587

Close half at 1.6497 move stop to b/e

Close rest at 1.6415

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--------------------------------------------------------------------------------------------------------------------------------------

 

 

Close half @16497. Move S/L to BE.

 

Close rest @ 16415.

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