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turn 1 to 100'S : Straight Foward Trades

  • #21
  • Dec 4, 2007 2:59am Dec 4, 2007 2:59am
I rarely open them.If I do I close them when or if they give small profits because if im Buying GBPJPY and it starts selling 50pips or more I have entry orders or me personally enter in a sell and if im up 5-50pips I take it because its not my main trade and also if I was trading $10a pip on a buy my hedge will be $2-$4 a pip..
Quoting Venca
Does that mean that you will end up the year with hundred open positions long and hundred open positions short ???
When do you close all the hedges please ?
  • #22
  • Dec 4, 2007 7:23am Dec 4, 2007 7:23am
cool. just waiting for a day without range trading.
Quoting wolfeman
Thanks for your thread. I'm still somewhat new to forex trading and will be interested to compare my trading to your calls. Thanks again!
  • #23
  • Dec 4, 2007 9:23am Dec 4, 2007 9:23am
GBPJPY/This is a selling week but monthly inadactors show good long positions after this week is out
Quoting turn1to100
cool. just waiting for a day without range trading.
  • #24
  • Dec 4, 2007 10:12am Dec 4, 2007 10:12am
Quoting turn1to100
GBPJPY/This is a selling week but monthly inadactors show good long positions after this week is out
Hello:
I have a long position open from 229. How far up would a retrace go to so I can close with the least loss.

I don't know how I let this happen but it is a learning process.
  • #25
  • Dec 4, 2007 10:51am Dec 4, 2007 10:51am
Quoting Loadthepips
Hello:
I have a long position open from 229. How far up would a retrace go to so I can close with the least loss.

I don't know how I let this happen but it is a learning process.
It's at a pretty good support level now, 221.75 area, so you might get lucky and have a bit of a bounce.

Other than "hoping and praying" for that, you're gambling. Sorry to be harsh, but I've done it myself enough to know the feeling.

It is a learning process, just try to keep the tuition to a minimum, and in the future make a plan for each individual trade, then stick to it.

Planning ahead helps keep the emotion out of it. Of the pairs I've traded, G/J is psychologically the worst. It creates greed, hope and fear like no other. And fun, almost forgot that.

Hope this helped.
  • #26
  • Dec 4, 2007 4:10pm Dec 4, 2007 4:10pm
today is a long day from 6pmEST.

up to 227.20..

By this week being a sell week you wont reach your 229.00 area. Until next week also the intrest rate cut will help push it up
Quoting Loadthepips
Hello:
I have a long position open from 229. How far up would a retrace go to so I can close with the least loss.

I don't know how I let this happen but it is a learning process.
  • #27
  • Dec 4, 2007 5:01pm Dec 4, 2007 5:01pm
Quoting turn1to100
today is a long day from 6pmEST.

up to 227.20..

By this week being a sell week you wont reach your 229.00 area. Until next week also the intrest rate cut will help push it up
Thanks for your and Blueruby's input. At least I have a realistic idea of where I stand.
  • #28
  • Dec 4, 2007 9:13pm Dec 4, 2007 9:13pm
looks like a good call so far on GJ. i saw the candles on the 4-hour and the stochs and those 2 made it looklike it would reverse.. i was short because i am just trading dailys now but closed out and reversed on your call.

Would be great if you could potentially do a one time example of how you call them.
  • #29
  • Dec 5, 2007 2:19am Dec 5, 2007 2:19am
HOPE U GUYS AND GALS GOT THOSE PIPS!!

TODAY IS STILL LONG ABOVE (entry)225.80 to limit 228.00
Quoting turn1to100
today is a long day from 6pmEST.

up to 227.20..

By this week being a sell week you wont reach your 229.00 area. Until next week also the intrest rate cut will help push it up
  • #30
  • Dec 5, 2007 3:12am Dec 5, 2007 3:12am
yeah i got those pips.... closed just b4 the news...
  • #31
  • Dec 5, 2007 6:49pm Dec 5, 2007 6:49pm
Good to see you back Turn1to100 .....
you are good with commonsense Trade,

and since its the same as my philosophy for cowboy trades who are people who take trades based ot other guru analysis without their own / dumping their analysis to join other guru analysis, I will join your wagon ..... with a cart of my own.

So Lets Get Rich .........
  • #32
  • Dec 5, 2007 8:00pm Dec 5, 2007 8:00pm
no call on GJ tonight?
  • #33
  • Edited 3:41pm Dec 11, 2007 3:27am | Edited 3:41pm
HI... Sorry for missing 2days I have been tied up with setting up my Corp... I will post trades today at 6pm est..if rates get cut which im 90% sure they will should help fall
Quoting Syafi
Good to see you back Turn1to100 .....
you are good with commonsense Trade,

and since its the same as my philosophy for cowboy trades who are people who take trades based ot other guru analysis without their own / dumping their analysis to join other guru analysis, I will join your wagon ..... with a cart of my own.

So Lets Get Rich .........
  • #34
  • Dec 11, 2007 6:56pm Dec 11, 2007 6:56pm
gbpjpy LONG from 5pm EST Sorry for late post
  • #35
  • Dec 11, 2007 8:24pm Dec 11, 2007 8:24pm
sell down to 224.90
Quoting turn1to100
gbpjpy LONG from 5pm EST Sorry for late post
  • #36
  • Dec 12, 2007 12:07am Dec 12, 2007 12:07am
doesn't look like its working out so well tonight, unless you think it will tank in london?
  • #37
  • Dec 12, 2007 2:41am Dec 12, 2007 2:41am
my indacators said BUY at 5pm est and make 100pips which is my everyday goal and it worked I did have a hedge on this trade. so its ok for my buy...what I am going to start doing is just posting my main trade...The sell was a suggestion that was looked over in another thread and I looked at there thoughts and felt slightly the same and posted the sell where if I stuck with my main trade that I posted today it would be 100pips and Goodnite
Quoting natejax
doesn't look like its working out so well tonight, unless you think it will tank in london?
  • #38
  • Dec 12, 2007 4:25pm Dec 12, 2007 4:25pm
Short gbpjpy for 100pip gain
  • #39
  • Dec 12, 2007 5:44pm Dec 12, 2007 5:44pm
Quoting turn1to100
Short gbpjpy for 100pip gain
where did u short from??
and wat time do u normally post ur trade ideas
thx
  • #40
  • Dec 12, 2007 6:00pm Dec 12, 2007 6:00pm
5pm EST..and post normally post 5-6pmest
Quoting goodness
where did u short from??
and wat time do u normally post ur trade ideas
thx
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