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

  • #115,241
  • Sep 17, 2008 7:50pm Sep 17, 2008 7:50pm
Quoting KillerWhale
Raised stop to B/E
Closed with 95 pips profit,
not bad for 29 minutes
New voice message: Why are you calling me? If I need you, I'll call you!
  • #115,242
  • Sep 17, 2008 7:51pm Sep 17, 2008 7:51pm
Ok that was funny.

Quoting OrionsWay
I dont see this stopping till we hit 354.00 area
Que
  • #115,243
  • Sep 17, 2008 7:51pm Sep 17, 2008 7:51pm
I remember a well known trader from a class I took told me to practice letting go of loses and ride the profits..

it took me about 2 years before I fully understood the rule...

You have to think difference in this game..

He said to be happy to let go the lose b/c the longing you hold it the more you lose.. It takes practice..

The mind game with letting a lose is the hardest part of trading..

It's easy to get in a trade but hard to let go b/c of GREED...




Quoting Que
Definately, Been at least paper trading (Now Live) for about 3 years.

I learn lessons daily still heh.
[
  • #115,244
  • Sep 17, 2008 7:52pm Sep 17, 2008 7:52pm
Quoting OrionsWay
I dont see this stopping till we hit 354.00 area



hold your horses!!!
  • #115,245
  • Sep 17, 2008 7:59pm Sep 17, 2008 7:59pm
Quoting OrionsWay
I dont see this stopping till we hit 354.00 area
can you explain??

Caught a little piece of that last move....entered a little late....then just got stopped on that last push down....

my timing is always off by about 50 pips on each side....leaving me a half a ham sandwich in between
--post hoc ergo propter hoc--
  • #115,246
  • Sep 17, 2008 8:04pm Sep 17, 2008 8:04pm
Crazy moves. May turn into a short here in a few min
Que
  • #115,247
  • Sep 17, 2008 8:05pm Sep 17, 2008 8:05pm
Quoting OrionsWay
Im bullish right through to the monthly charts from here, would post charts but just cant be bothered with the aftermath of it

I bet for every little bitcher who bothers you there are 30 or 50 who learn from and enjoy your charts and marvel at your intuitive ability to make high probability trades from them.

I miss your thread updates a lot :

http://www.forexfactory.com/showpost...&postcount=630

...now that's down to earth market analysis.
  • #115,248
  • Sep 17, 2008 8:05pm Sep 17, 2008 8:05pm
Exited trade at +100pips. Gold is retracing so is GU. sweet trade 2%
  • #115,249
  • Sep 17, 2008 8:06pm Sep 17, 2008 8:06pm
closed my long at 190.60


now i think the beast is headin down again

what a frantic beast
I always knew that someday I would make it big
  • #115,250
  • Sep 17, 2008 8:06pm Sep 17, 2008 8:06pm
Go now GU is linked to GOLD? Oh goodness...I thought it was only oil...this crazy market, never a dull moment, lol
  • #115,251
  • Sep 17, 2008 8:09pm Sep 17, 2008 8:09pm
Quoting Que
Crazy moves. May turn into a short here in a few min
Looks like Japan pushes it up, London the opposite ..
  • #115,252
  • Sep 17, 2008 8:09pm Sep 17, 2008 8:09pm
Quoting ephisi
Exited trade at +100pips. Gold is retracing so is GU. sweet trade 2%

very hig probalitiy that target will be hit, my bias is consolidation but with bullish bias until frankfurt london. maybe 100pips up 100pips down/ down and up
  • #115,253
  • Sep 17, 2008 8:14pm Sep 17, 2008 8:14pm
Yeah damn f+++king attention. I learnt that lesson also d hard way. My trick is i trade only GJ and my MT4 is set automatically to ttrade a particula lot size until i change it for compounding. dats how i over came thatso even if i made a mistake i dont get hurt.

Thats one reason i always advice to specialize in one pair cos on a partiiculart day when ure tradign GU u could think ure tradign GJ and place a 100pips SL or double lot size


Quoting Que
You have no Idea how big of a lesson I learned yesterday...

I was trading while doing something else and sold 11 lots instead of 1. It hurt my account badly as price went up and hit my stop before I realized what happened.

Learn or die in forex. I learned a very hard lesson yesterday. PAY FUCKING ATTENTION TO WHAT YOU ARE DOING...
  • #115,254
  • Sep 17, 2008 8:15pm Sep 17, 2008 8:15pm
Quoting ephisi
very hig probalitiy that target will be hit, my bias is consolidation but with bullish bias until frankfurt london. maybe 100pips up 100pips down/ down and up
just protectimng my profit. \london is anothr trade
  • #115,255
  • Sep 17, 2008 8:16pm Sep 17, 2008 8:16pm
Hmmm North or South.... I dono
Que
  • #115,256
  • Sep 17, 2008 8:18pm Sep 17, 2008 8:18pm
Quoting ephisi
Yeah damn f+++king attention. I learnt that lesson also d hard way. My trick is i trade only GJ and my MT4 is set automatically to ttrade a particula lot size until i change it for compounding. dats how i over came thatso even if i made a mistake i dont get hurt.

Thats one reason i always advice to specialize in one pair cos on a partiiculart day when ure tradign GU u could think ure tradign GJ and place a 100pips SL or double lot size
I made that same mistake last week...thought I was shorting G/J but I shorted G/U instead just as G/U was taking off...cost me 1K to learn to pay F+++king attention too!
The Only Constant Is Change!
  • #115,257
  • Sep 17, 2008 8:18pm Sep 17, 2008 8:18pm
Quoting mktjong
Looks like Japan pushes it up, London the opposite ..

its called reversal in next session. if u know Hosea williams. He uses that theory alot.

i learnt it from him


seesawGo now GU is linked to GOLD? Oh goodness...I thought it was only oil...this crazy market, never a dull moment, lol

Yeah brom datt forex for u, Wait till u hear aboout Nikkei 225 or Ftse 100 crudeoil DOw DAX S and P 500 USD index man every thing is connected. if u know howto use them
  • #115,258
  • Sep 17, 2008 8:18pm Sep 17, 2008 8:18pm
Weird timing for consolidation.
Que
  • #115,259
  • Sep 17, 2008 8:23pm Sep 17, 2008 8:23pm
Quoting Que
Hmmm North or South.... I dono
ephisiQuote:
Originally Posted by ephisi http://forexfactory.com/images/buttons/viewpost.gif
Exited trade at +100pips. Gold is retracing so is GU. sweet trade 2%


very hig probalitiy that target will be hit, my bias is consolidation but with bullish bias until frankfurt london. maybe 100pips up 100pips down/ down and up
  • #115,260
  • Sep 17, 2008 8:24pm Sep 17, 2008 8:24pm
Quoting TexasforEX
I'm still short from 191.5 and 191.80......Looks like some of you guys are gunning for my dough....

No worries though.

lets ride this baby down till it says other wise maybe an hour maybe two

take the green pips lets short

you guys make this place great now show me the money lol
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