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

  • #103,921
  • Jul 25, 2008 3:37am Jul 25, 2008 3:37am
UVA.
  • #103,922
  • Jul 25, 2008 3:38am Jul 25, 2008 3:38am
I'll tell you something, this is way more fun with you guys, very cool to participate.

I've locked in a couple of pips; I'm long from 212.40 and thinking about a TP, it's tuff, I put the tp @ 214.50 A. it may not get there or B. it will go way past it. MMMMMMMMMmmmm I'd be happy with 214.50 very happy.
  • #103,923
  • Jul 25, 2008 3:38am Jul 25, 2008 3:38am
Quoting Vfforexlee
Well yes. I'm 18 and I don't have enough deposit to make a living in forex. I'm going to college next month for the first time so hopefully I can get a job and work at the financial industry. Maybe as a floor trader since I'm always yelling all the time.
You can make money in forex with little money with proper money management. 1) you gotta learn patience, forex is just like hunting, you don't shoot at a herd of deer with a shotgun. 2) Mistakes should never be made, but they will be. Don't feel bad, I'm 30.
  • #103,924
  • Jul 25, 2008 3:39am Jul 25, 2008 3:39am
what do you guys think of a reversal right now? i'm just freaking out, that's all.

we hit 38.2 hard.
  • #103,925
  • Jul 25, 2008 3:42am Jul 25, 2008 3:42am
you know you don't have to trade everything...baby...if your bearish then trade the bounces or vice versa...why go both ways?...

keep it simple ...baby
  • #103,926
  • Jul 25, 2008 3:42am Jul 25, 2008 3:42am
Quoting Vfforexlee
what do you guys think of a reversal right now? i'm just freaking out, that's all.

we hit 38.2 hard.
You are trading far to many lots if you are freaking out. Move your stop to BE and be patient. Trading off the M5 charts is not good for your health imo.

And a reasonable target would be 213.50. 213.69 is 50% ret of the downmove. Need before greed man.
Que
  • #103,927
  • Jul 25, 2008 3:43am Jul 25, 2008 3:43am
Quoting Clouds
You can make money in forex with little money with proper money management. 1) you gotta learn patience, forex is just like hunting, you don't shoot at a herd of deer with a shotgun. 2) Mistakes should never be made, but they will be. Don't feel bad, I'm 30.
thanks. hey, it sure sucks being in front of the computer all day but the profits are worth it. my goal is to not overtrade. so far, it has been going great! i wonder if that is one of your problems?
  • #103,928
  • Jul 25, 2008 3:43am Jul 25, 2008 3:43am
Quoting Big Bruv
you know you don't have to trade everything...baby...if your bearish then trade the bounces or vice versa...why go both ways?...

keep it simple ...baby
I'm seeing bearish JPY and USD , and bullish everything else, Is this rare? Don't know...
  • #103,929
  • Jul 25, 2008 3:44am Jul 25, 2008 3:44am
Quoting Que
You are trading far to many lots if you are freaking out. Move your stop to BE and be patient. Trading off the M5 charts is not good for your health imo.
i'm not on m5. i just act this way. i have recently been diagnosed and it's called a newbie syndrome.

EDIT: I'm on H4 time frame.
  • #103,930
  • Jul 25, 2008 3:45am Jul 25, 2008 3:45am
Quoting Vfforexlee
thanks. hey, it sure sucks being in front of the computer all day but the profits are worth it. my goal is to not overtrade. so far, it has been going great! i wonder if that is one of your problems?
Just an observation, but you are overtrading.
Que
  • #103,931
  • Jul 25, 2008 3:45am Jul 25, 2008 3:45am
At 213,04 we had some taking profits and now we are hiting some stop losses.I f i am looking this write
  • #103,932
  • Jul 25, 2008 3:45am Jul 25, 2008 3:45am
Quoting Vfforexlee
thanks. hey, it sure sucks being in front of the computer all day but the profits are worth it. my goal is to not overtrade. so far, it has been going great! i wonder if that is one of your problems?
Yes my mistake is to try and make money too fast. I have usually right trades, I just over leverage. Before I got into this 'business' I was a spammer.
  • #103,933
  • Jul 25, 2008 3:46am Jul 25, 2008 3:46am
Quoting Que
Just an observation, but you are overtrading.
Nope. Just 4 trades today and they all have been profitable.
  • #103,934
  • Jul 25, 2008 3:47am Jul 25, 2008 3:47am
Quoting Vfforexlee
Nope. Just 4 trades today and they all have been profitable.
4 trades today on the H4 charts on the same pair?

If so, you are overtrading.
Que
  • #103,935
  • Jul 25, 2008 3:49am Jul 25, 2008 3:49am
Quoting Que
4 trades today on the H4 charts on the same pair?

If so, you are overtrading.
Just following retracement and big moves. That's all. Doesn't hurt a lot though. So, you just closed your shorts and then longs from here. Okay. I see what's your perception of overtrading is.
  • #103,936
  • Jul 25, 2008 3:50am Jul 25, 2008 3:50am
Quoting Clouds
I'm seeing bearish JPY and USD , and bullish everything else, Is this rare? Don't know...
don't know ..baby..it is....what it is....i'm actually bullish the Yen and USD but does dat mean i buy USD or YEN right now...heck no...i pick my spot or wait for confirmation...baby
  • #103,937
  • Jul 25, 2008 3:50am Jul 25, 2008 3:50am
Quoting Que
4 trades today on the H4 charts on the same pair?

If so, you are overtrading.
Profit or loss I do about three a week, some guys like to scalp but not me that would make me more nuts.
  • #103,938
  • Jul 25, 2008 3:52am Jul 25, 2008 3:52am
Okay, I'm off to bed! Thanks lilmoe for your generous supports!
  • #103,939
  • Jul 25, 2008 3:53am Jul 25, 2008 3:53am
Quoting Vfforexlee
what do you guys think of a reversal right now? i'm just freaking out, that's all.

we hit 38.2 hard.
Touched resistance @ ~213 and bounced. Lets see how long it will go north before turning south again ;-)
  • #103,940
  • Jul 25, 2008 3:55am Jul 25, 2008 3:55am
off topic:

long YM at 11342
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