Thanks G-man, You're probably right. If that's the case then the balance on the fifth trade would be $17,665.00 and the next trade (the losing trade) would take it back to $3,533.00 after a loss of $14,132.00. ...He'd still be in the game. cheers ...

Awesome Trading (New way to trade the 4h)

Hi AwesomeMan, I’ll just give my understanding of the mm side of things. I don’t know what size account you are starting with, but that isn’t really all that relevant. The main thing to know is that you have a 100 pip stop loss and are risking 80% ...

Awesome Trading (New way to trade the 4h)

I hope you're not compounding your winnings, because if you are then one loss will wipe out your account.

Awesome Trading (New way to trade the 4h)

Thanks nvwine, I felt like an idiot but couldn't for the life of me remember how I did it - been so long ago. Much appreciated Mike

Loading the pairs back in?

It will be interesting to see if this shows up when FXCM publish their 'King of the Mini' results for November. I can't imagine anyone else beating this one! Mike

How I Turned 1k To 100k In A Wk!!!

Hi Saint Berzer, Perhaps what I just wrote about the retrace may have helped those trades. Also on the smaller time frames the price can turn back on you rather quickly. Try it on the daily chart and close the trade in profit a few hours later if ...

Simple 5 / 8 moving average crossover

Hi Peter, Sorry for taking so long to get back but I've been away for a while. What I was meaning by letting the price retrace back to the 5ma was this: You get the usual cross, in your case the 5 crossing the 8, but sometimes the bar (or candle) ...

Simple 5 / 8 moving average crossover

Bummer .... my long was stopped out and I just closed my short Mike

Auslanco - GBP/JPY and GBP/USD (newstrade)

Ok, got them both covered

Auslanco - GBP/JPY and GBP/USD (newstrade)

What's that? ... your mum smells like a bear?

Auslanco - GBP/JPY and GBP/USD (newstrade)

You had me worried there for a minute. I haven't studied the charts properly today as I had to be somewhere else but I put on a buy at 232.50 with profits locked in at 233.13. I'm expecting a bit of a wind down shortly - hope it's not too far. Mike ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Hi Aus and everyone else, Are you looking for a short position coming up Aus? I'm long at the moment! What are you expecting? Mike

Auslanco - GBP/JPY and GBP/USD (newstrade)

[quote=Holypendant;1576978] Sorry, been away from the pc again. Why do you think oanda would close down?

Auslanco - GBP/JPY and GBP/USD (newstrade)

[quote=winterwhite;1576964] I've never had this problem yet, but I don't place many trades in a day to notice. To be on the safe side, in light of your experience, I'll start placing my SL at the same time as I place the trade. Mike

Auslanco - GBP/JPY and GBP/USD (newstrade)

I would be looking for a break of 231.85 before entering a short. I feel that 232.02 still has some support under it. Mike

Auslanco - GBP/JPY and GBP/USD (newstrade)

Mine is working ok. Mike

Auslanco - GBP/JPY and GBP/USD (newstrade)

No problem, just wait till I have enough to play the weekly chart. Mike

Auslanco - GBP/JPY and GBP/USD (newstrade)

I think that if you're stumbling a bit then you should risk only 1%. Then when you get a bit more confident raise it to 2%. If you have a bad patch go back to 1% again until things feel a bit better. That's what I did/do and it helped take the ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Gees, maybe I should have removed my TP - it seemed to get hit by a train. This might be my lucky week, a bad trade turned good yesterday and now this. It's getting a bit scary though as I haven't had a negative trade for a long time - I hope they ...

Auslanco - GBP/JPY and GBP/USD (newstrade)