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

  • #27,621
  • Sep 17, 2007 3:19am Sep 17, 2007 3:19am
1 hr retrace is due
Attached Image (click to enlarge)
Click to Enlarge Name: amir12.jpg Size: 214 KB
  • #27,622
  • Sep 17, 2007 3:32am Sep 17, 2007 3:32am
Hi guys.. morning.
Woke up in the middle of sleep to check my short trade, wow .. it is 130 pips in profit and counting toward the tp .. cool
Maybe back to sleep again .. just wanna say hi
  • #27,623
  • Sep 17, 2007 3:39am Sep 17, 2007 3:39am
Quoting MPP
Or lose there life savings, go broke, get divorced, buy shootgun and hunt down person who said I doubled my account, you can too LOL
Look out!
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  • #27,624
  • Sep 17, 2007 3:40am Sep 17, 2007 3:40am
Btw, don't see any retracement coming any time soon yet .. may reach 229 .. hope so http://www.forexfactory.com/images/icons/icon6.gif
  • #27,625
  • Sep 17, 2007 3:44am Sep 17, 2007 3:44am
exit + 199
  • #27,626
  • Sep 17, 2007 3:46am Sep 17, 2007 3:46am
Quoting 59fender
exit + 199
you got full juice ..nice !
Success has a Thousand Fathers.
  • #27,627
  • Sep 17, 2007 3:49am Sep 17, 2007 3:49am
i got 102 pip
  • #27,628
  • Sep 17, 2007 3:51am Sep 17, 2007 3:51am
Hakuna

What level are you expecting to re enter short?

Price is below all mas, the nearest I can see is 50 ema in 15 min at 230.84!

TIA

Pepe
  • #27,629
  • Sep 17, 2007 3:52am Sep 17, 2007 3:52am
Quoting persian.forex
i got 102 pip
eyval hamvatan
  • #27,630
  • Sep 17, 2007 3:58am Sep 17, 2007 3:58am
Euro News 3 Mins
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  • #27,631
  • Sep 17, 2007 3:59am Sep 17, 2007 3:59am
Be careful if you want to go short at this level.. 4hr retracement will be due soon. Daily Pivot support 1 (London session) @ 228.80 area
  • #27,632
  • Sep 17, 2007 4:02am Sep 17, 2007 4:02am
bouncing around Karmo's daily chart trend line
  • #27,633
  • Sep 17, 2007 4:03am Sep 17, 2007 4:03am
long 229.35
  • #27,634
  • Sep 17, 2007 4:04am Sep 17, 2007 4:04am
Quoting Hakuna Matata
long 229.35

s/l 20 pips t/p 30-50 pips
reduced
  • #27,635
  • Sep 17, 2007 4:05am Sep 17, 2007 4:05am
*(EU) JULY TRADE BALANCE: €4.6B V €7.0BE; TRADE BALANCE SA: -€600M V €4.0BE
- Prior trade balance revised from €7.8B to €7.6B
- Prior trade balance sa revised from €5.2B to €4.4B
  • #27,636
  • Sep 17, 2007 4:07am Sep 17, 2007 4:07am
Good example of proper MM . . .

1400% in 6 weeks
Quoting Ash

The choice is yours. I know how hard it is to loose but sometimes we have to cut our losses, learn from our mistakes and move on. It may seem hard but with hard work, determination and hope, it can be done. I was down to $146.00 on my account a few months ago. I didn't give up. In about six weeks, my account went up from $146.00 to over $2100.00.

Good Luck!
here's another example of proper MM. . .

1200% in 5 days
Quoting Ash
So true, last week I went with the flow. Shorted all the Yens on Monday morning ($5000.00), on wednesday, right before I flew out to London, my account was valued over $11,000 and when I turned on my computer Thrusday afternoon, I was blown away, my acocunt was valued at over $63,000 when I closed all the positions. I had a feeling that the Fed was going to screw with nature and try to reverse it's course.
  • #27,637
  • Sep 17, 2007 4:07am Sep 17, 2007 4:07am
Quoting Hakuna Matata
s/l 20 pips t/p 30-50 pips
reduced

this is a rookie trade--v high risk

i actually see this falling to 226.80ish today-- im still biased short

bbl
  • #27,638
  • Sep 17, 2007 4:08am Sep 17, 2007 4:08am
From a newbie to other newbies:
Dont get excited about these kind of days, they are really easy to trade for almost anyone. But it wont last forever. You get the impression that trading GY is damn easy, but it will suck up your entire account in the ranging days, if you dont have a sound strategy and MM.
We leave no soldier behind.
  • #27,639
  • Sep 17, 2007 4:13am Sep 17, 2007 4:13am
1hr / 4hr strategy profit target of 200 pips reached
  • #27,640
  • Sep 17, 2007 4:15am Sep 17, 2007 4:15am
Quoting gagiul
From a newbie to other newbies:
Dont get excited about these kind of days, they are really easy to trade for almost anyone. But it wont last forever. You get the impression that trading GY is damn easy, but it will suck up your entire account in the ranging days, if you dont have a sound strategy and MM.

gagiul:

Yes haven't we all learned. I took a short forex course
from a successful trader (albeit not with a lot of
experience). He had a great system going for his
own style of trading; but failed to emphasize the
money management end properly. In no time, I
was out of a considerable sum until I learned from
experienced traders the truths about money
management. Without good money management,
no one survives in Forex.
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