I've had my live account open for a week or two and had mixed results trading until 2 days ago. I was down probably about 2%. I realized that I was setting my stops to close (10 pips away), and not letting my positions run. Of course once I'd gotten stopped out they'd turn around.
At any rate on I decided that I'm going to go back to good old fashioned chart reading (I think I read candlesticks well) and I purchased....
AUDJPY @ 88.55 and USDJPY @ 120.23
...I still hold them now and I'm up 166 pips on AUDJPY and 39 on USDJPY! I've recouped all my losses and am now up 2%! ...and my morale is up too (hey, winning is always better than losing)!!
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Also I've developed this habit of leaving the gftforex.com home page up so I can have streaming quotes at work (sadly I can't trade there). They don't have AUDJPY on the site, but they do have USDJPY. I take my 15 minute break at work from 10.30 to 10.45 am (EST, same as chart). When I left it was around 121.10....when I came back I noticed a .23 first and was excited that I had made 13 pips while I was outside. I then realized that the first 3 numbers were in fact not 121, but 120 (whoops). I couldn't believe that move! I'm still up though....and with room to spare. Did anyone get on the good side of this move??
At any rate on I decided that I'm going to go back to good old fashioned chart reading (I think I read candlesticks well) and I purchased....
AUDJPY @ 88.55 and USDJPY @ 120.23
...I still hold them now and I'm up 166 pips on AUDJPY and 39 on USDJPY! I've recouped all my losses and am now up 2%! ...and my morale is up too (hey, winning is always better than losing)!!
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Also I've developed this habit of leaving the gftforex.com home page up so I can have streaming quotes at work (sadly I can't trade there). They don't have AUDJPY on the site, but they do have USDJPY. I take my 15 minute break at work from 10.30 to 10.45 am (EST, same as chart). When I left it was around 121.10....when I came back I noticed a .23 first and was excited that I had made 13 pips while I was outside. I then realized that the first 3 numbers were in fact not 121, but 120 (whoops). I couldn't believe that move! I'm still up though....and with room to spare. Did anyone get on the good side of this move??
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