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

  • #117,901
  • Sep 29, 2008 9:30am Sep 29, 2008 9:30am
Close half of my short with 550 pips. If Tuesday Daily candle close below Monday Daily candle maybe we could see new low on Wednesday.
  • #117,902
  • Sep 29, 2008 9:37am Sep 29, 2008 9:37am
If you are losing on guppy, like many do, break your addiction to her.
She can be an expensive bad habit. Maybe find a cheaper date than guppy.
Or go back to school on guppy or take a break from her. Often folks have to take a break from her after she takes all their money. I can tell you she has wiped me out so many times I cannot even count them. And I am not trying to accumulate losses for my tax forms.

Quoting kairos
ia have lost a lot of my account.
don't really know what i was doing wrong.
maybe was a volatile market.. i don't know but i can't stop loosing.

please help me with some info to get back on track
  • #117,903
  • Sep 29, 2008 9:42am Sep 29, 2008 9:42am
FINAL HOUSE VOTE ON BAIL OUT PLAN EXPECTED AT 1PM ET. news from cnbc.
  • #117,904
  • Sep 29, 2008 9:42am Sep 29, 2008 9:42am
Quoting rrram2
If you are losing on guppy, like many do, break your addiction to her.
She can be an expensive bad habit. Maybe find a cheaper date than guppy.
Or go back to school on guppy or take a break from her. Often folks have to take a break from her after she takes all their money. I can tell you she has wiped me out so many times I cannot even count them. And I am not trying to accumulate losses for my tax forms.
i had a break and i am still loosing money, not only on gbp/jpy
all my stop loss are hit. i know i've also made some mistakes but. it's crazy

i think i have to do somthing. i'm not going back to demo, there is no point.
i just don't wanna give up.
  • #117,905
  • Sep 29, 2008 9:49am Sep 29, 2008 9:49am
Quoting kairos
i had a break and i am still loosing money, not only on gbp/jpy
all my stop loss are hit. i know i've also made some mistakes but. it's crazy

i think i have to do somthing. i'm not going back to demo, there is no point.
i just don't wanna give up.
I am in the same boat... today I am going to work on my entries... not just jump in when I see the beast moving... which I have done alot in the past
  • #117,906
  • Sep 29, 2008 9:50am Sep 29, 2008 9:50am
Quoting Macedonia
FINAL HOUSE VOTE ON BAIL OUT PLAN EXPECTED AT 1PM ET. news from cnbc.
I am watching C-SPAN and every House member speaking is against the plan and will vote against it. Unfortuantly, I do not know if they are in the minority or majority....

B
  • #117,907
  • Sep 29, 2008 9:50am Sep 29, 2008 9:50am
Quoting kairos
i had a break and i am still loosing money, not only on gbp/jpy
all my stop loss are hit. i know i've also made some mistakes but. it's crazy

i think i have to do somthing. i'm not going back to demo, there is no point.
i just don't wanna give up.
Are you trading a micro account? If not, that is the one you need to be in so you can take the losses until things turn around. It can take 6-12 months or more to learn to generate profits on a fairly consistent basis. Don't lose all your money while learning!
  • #117,908
  • Sep 29, 2008 9:51am Sep 29, 2008 9:51am
Quoting kairos
i had a break and i am still loosing money, not only on gbp/jpy
all my stop loss are hit. i know i've also made some mistakes but. it's crazy

i think i have to do somthing. i'm not going back to demo, there is no point.
i just don't wanna give up.
There is perfec strategy for you. When you want to hit BUY just hit SELL and if you want to SELL just hit BUY. Should work in your case. Sorry for a stupid joke
4X is the biggest casino in the world...Open 24h Monday to Friday.
  • #117,909
  • Sep 29, 2008 9:57am Sep 29, 2008 9:57am
Quoting TraderStar
Now thats what I call profit!
lol TP'd 650 pips here. 1 swing

seems like decision time yet again for GJ bias down.
Daily Chart
ZMACD crossed down since last thursday
Full Stoch about to cross down just underneath the 80 mark
QQE about to cross down
PA below daily gann.

If this craps next level is 180-181
  • #117,910
  • Sep 29, 2008 9:57am Sep 29, 2008 9:57am
Normally I dont use Stop losses and the broker often selling me out is my stop loss. I also find myself for some crazy reason always trying to go against the flow. Yeah I wouldn't go back to demo either, I did go down t only 1K lots so I don't win or especailly lose as much.

Quoting kairos
i had a break and i am still loosing money, not only on gbp/jpy
all my stop loss are hit. i know i've also made some mistakes but. it's crazy

i think i have to do somthing. i'm not going back to demo, there is no point.
i just don't wanna give up.
  • #117,911
  • Sep 29, 2008 10:04am Sep 29, 2008 10:04am
Quoting TraderStar
Are you trading a micro account? If not, that is the one you need to be in so you can take the losses until things turn around. It can take 6-12 months or more to learn to generate profits on a fairly consistent basis. Don't lose all your money while learning!
no, i just don't wanna get back to micro, or demo
i want to learn and even if it hurts. because i am going to learn better. i guess

so what should I do.

take a month break and do demo in this time.
never open a trade more de 1%
i don't care about making a lot of money this year. i just want to learn and do it well. the demo thing just doesnt' work for me.
  • #117,912
  • Sep 29, 2008 10:05am Sep 29, 2008 10:05am
Quoting rrram2
Normally I dont use Stop losses and the broker often selling me out is my stop loss. I also find myself for some crazy reason always trying to go against the flow. Yeah I wouldn't go back to demo either, I did go down t only 1K lots so I don't win or especailly lose as much.
well i am using Stop loss. and never loose 2% in one trade.
but i made some bad trades in recent days. and now i just can't stop the loosing trades
  • #117,913
  • Sep 29, 2008 10:06am Sep 29, 2008 10:06am
And do you stick to it 100%

If so change your plan.

If not back to the drawing board.
Timing is everything
  • #117,914
  • Sep 29, 2008 10:09am Sep 29, 2008 10:09am
Quoting Gull
And do you stick to it 100%

If so change your plan.

If not back to the drawing board.
that is exactly were i think my problem might be.
with a plan. i mean i am still working on it.
but i did have some nice trades. was it just luck ?
  • #117,915
  • Sep 29, 2008 10:14am Sep 29, 2008 10:14am
Quoting Scrat
no... i don't think so. it would be too easy. we will have another rally or at least an attempt to break 197 area again.
this move up from 184.47 is a correction, and corrections are almost NEVER straightforward - like this one was so far.
  • #117,916
  • Sep 29, 2008 10:17am Sep 29, 2008 10:17am
Quoting kairos
that is exactly were i think my problem might be.
with a plan. i mean i am still working on it.
but i did have some nice trades. was it just luck ?
sometimes the markets just screw most people for a while lol the trick is to be able to carry the bad trades with the good ones and just when you lose faith in your system it starts to work again.

with this pair you have to have a bit more on the side and maybe start a bit less or she can clean you out as lots find out.

i always average in trades so that i do not rely on one entry point so i start a quarter position then add till 1% that way i limit my losses if it turns against and then start half a % the next trade if i loose.
trading micros will help you get back your confidence.

GL
Timing is everything
  • #117,917
  • Sep 29, 2008 10:19am Sep 29, 2008 10:19am
Quoting kairos
that is exactly were i think my problem might be.
with a plan. i mean i am still working on it.
but i did have some nice trades. was it just luck ?
Go back over your last month's worth of trades and analyze every losing one, why did it lose? Then from now on, when you make a trade, write down the reason for it, your tp, sl and why. That's about all I can think of, there is no magic formula that will turn your trading around ..just persistence, karmo's patience pills and self-discipline .. and at least your mm is good if you only risk 1% you should be able to stay in the game until you learn.
  • #117,918
  • Sep 29, 2008 10:21am Sep 29, 2008 10:21am
This gotta be a buy time now
  • #117,919
  • Sep 29, 2008 10:23am Sep 29, 2008 10:23am
Quoting TraderStar
Go back over your last month's worth of trades and analyze every losing one, why did it lose? Then from now on, when you make a trade, write down the reason for it, your tp, sl and why. That's about all I can think of, there is no magic formula that will turn your trading around ..just persistence, karmo's patience pills and self-discipline .. and at least your mm is good if you only risk 1% you should be able to stay in the game until you learn.
that seems to be exactly what i need to do.

thanks to all who took some time to give me some feedback.
  • #117,920
  • Sep 29, 2008 10:24am Sep 29, 2008 10:24am
Quoting mktjong
This gotta be a buy time now
Is the bottom in??
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