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

  • #145,301
  • Dec 2, 2008 3:57pm Dec 2, 2008 3:57pm
the first and only account i blew up was 10K... 25K and above is just too much, u guys must be really rich...

and blowing up 58K??? that's simply bad MM... forget learning a better system, start working on your Money Management skills... i was crying last month for losing 7% of my account, you should start training ur mind to feel the same way...

i'm sorry i'm being a bit cruel here, but i wont tap on anyone's back for losing multiple times in this game. that's just the way it is.
  • #145,302
  • Dec 2, 2008 4:12pm Dec 2, 2008 4:12pm
Quoting Dmac
I've lost 58k so far
Hi, My names Brett and I am a Forexaholic.

Back in 1997, when I was a young lad of 22, I thought I could out smart the professionals and tried to pick the bottom of the market during the Asian Financial Crisis. I blew 15k, which was an enourmous amount of money at that age. I picked myself up dusted off, analysised where I went wrong, 11 years later that loss is chump change, all part of the learning process.

The majority of traders could probably tell you a similar story.
{Some Profound Statement goes here}
  • #145,303
  • Dec 2, 2008 4:23pm Dec 2, 2008 4:23pm
Quoting Raza
Hello Susu, just curious... which platform/ broker are you using.. looks interesting??
questtrade & fxcm
  • #145,304
  • Dec 2, 2008 4:23pm Dec 2, 2008 4:23pm
So we are after NY sesion and where we go during Asia?
  • #145,305
  • Dec 2, 2008 4:25pm Dec 2, 2008 4:25pm
Quoting Anir
So we are after NY sesion and where we go during Asia?
east.
  • #145,306
  • Dec 2, 2008 4:26pm Dec 2, 2008 4:26pm
Quoting pkimnyc
east.
dats ranging right?...
  • #145,307
  • Dec 2, 2008 4:29pm Dec 2, 2008 4:29pm
hi all, pls can somebody tell the likely direction of the asian session and the possible tp.
  • #145,308
  • Dec 2, 2008 4:31pm Dec 2, 2008 4:31pm
Quoting bpatto
Hi, My names Brett and I am a Forexaholic.

Back in 1997, when I was a young lad of 22, I thought I could out smart the professionals and tried to pick the bottom of the market during the Asian Financial Crisis. I blew 15k, which was an enourmous amount of money at that age. I picked myself up dusted off, analysised where I went wrong, 11 years later that loss is chump change, all part of the learning process.

The majority of traders could probably tell you a similar story.
even tough it might sound a bit stubborn, but i have heard from a few good traders that they theirselfs know no good traders who have not blown any accounts in the beginning process, except guys who learn this stuff from professional institutions.

they way of aspiring traders.

i myself have not yet blown any accounts, suffering DD's of course.

the worst thing i experienced was during december last year when gj was sold off heavily. i always have one of my accounts which i feed with around 5k trading profits and play the crazy leverage game.

i was trading a 10k acc, shorting gj during a fast drop and adding to my position. i already made decent profits before..so i was unbeatable

during around 1hr i had 11 lots and a floating profit of eur 13k. since everbody knows that i am smarter than the market ...i did not jump off when i should and then gj shot up insanely rapid...putting +13k into -2k. adding to the delay i also got a bad fill.

punishment deserved!
  • #145,309
  • Dec 2, 2008 4:34pm Dec 2, 2008 4:34pm
Speaking of accounts - I have been having a great time with my new FXCM CNBC free $25 micro account started on Saturday. Shorting and scalping now up to $128 with that 400/1 leverage.
History is written by the victors.
  • #145,310
  • Dec 2, 2008 4:36pm Dec 2, 2008 4:36pm
I blew up several accounts at the beginning before I started learning.

Always remember 1 rule, that's never give up no matter what.
Trade what you see, not what you think.
  • #145,311
  • Dec 2, 2008 4:37pm Dec 2, 2008 4:37pm
Karmo could you give your predictions for asian sesion? Please.
  • #145,312
  • Dec 2, 2008 4:39pm Dec 2, 2008 4:39pm
Quoting karmostaji

Always remember 1 rule, that's never give up no matter what.
that's the point!

it is educational money and market edcuation is the most expensive one but the best, if you learn from the experiences.

forget demoing. it is as far away from real trading like moon to earth. no slippage, no liquidity problems, NO emotional link and that's the point. 20% system 80% mind is how the game is played.
  • #145,313
  • Dec 2, 2008 4:41pm Dec 2, 2008 4:41pm
All should read what Peaches has to say about GBP/JPY.
If I have a correct understanding, it can go either way right now.
Look at both charts carefully.
Hope it helps.


http://www.forexfactory.com/showpost...postcount=3729
I trade what I see on my charts. Do Not listen to the Muppets.
  • #145,314
  • Dec 2, 2008 4:42pm Dec 2, 2008 4:42pm
Quoting Money-RX
Speaking of accounts - I have been having a great time with my new FXCM CNBC free $25 micro account started on Saturday. Shorting and scalping now up to $128 with that 400/1 leverage.
My fiance got into forex because of me and she took one of those free $25 FXCM micro accounts and has made me look bad by turning it into $218 in three weeks.
Just when you think you've figured it all out, the picture changes....
  • #145,315
  • Dec 2, 2008 4:46pm Dec 2, 2008 4:46pm
Quoting RobUSAFLA
My fiance got into forex because of me and she took one of those free $25 FXCM micro accounts and has made me look bad by turning it into $218 in three weeks.
put her in front of the pc to collect green pips

your new job is cooking now rob
  • #145,316
  • Dec 2, 2008 4:47pm Dec 2, 2008 4:47pm
i had just closed my account and had all my money in my billfold. i had planed
to go straight home and open a forex account in the morning. then i thought well 1 or 2 won't kill me. next thing you know i'm at this bar near the beach having a great time dipping into my billfold to pay for drinks ect.. all the sudden this fantastic looking half dressed blond says can please give me a ride home i'm not too sensible right now and falls into my shoulders. she says i just live around the block. well after about 3 hrs i dropped her off at a location by her house because she didn't want me to know where she lived because of her boyfriend and he might see. i drop her off and she disappears out of site between some buildings. next thing you know i go to check my pockets.. i look all around the car and check everything to find the 8k.... nowhere to be found. i look all around to find the girl and i see her at the end of the ally driving away.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #145,317
  • Dec 2, 2008 4:50pm Dec 2, 2008 4:50pm
Quoting england33
i had just closed my account and had all my money in my billfold. i had planed
to go straight home and open a forex account in the morning. then i thought well 1 or 2 won't kill me. next thing you know i'm at this bar near the beach having a great time dipping into my billfold to pay for drinks ect.. all the sudden this fantastic looking half dressed blond says can please give me a ride home i'm not too sensible right now and falls into my shoulders. well after about 3 hrs i dropped her off at a location by her house because she didn't want me...
..........
  • #145,318
  • Dec 2, 2008 4:51pm Dec 2, 2008 4:51pm
Quoting england33
i had just closed my account and had all my money in my billfold....
i assume you have been long on horniness without an appropriate SL
  • #145,319
  • Dec 2, 2008 4:58pm Dec 2, 2008 4:58pm
Quoting Dr.Geppynius
that's the point!

it is educational money and market edcuation is the most expensive one but the best, if you learn from the experiences.

forget demoing. it is as far away from real trading like moon to earth. no slippage, no liquidity problems, NO emotional link and that's the point. 20% system 80% mind is how the game is played.
Actually the $25 play account from FXCM has proven to be a catalyst for greater concentration and better MM that I have applied to my other account. 25 bucks can disappear quick if you get careless. When you get into a rut I highly recommend a second account for clearing the brain.
History is written by the victors.
  • #145,320
  • Dec 2, 2008 4:59pm Dec 2, 2008 4:59pm
Quoting Dr.Geppynius
i assume you have been long on horniness without an appropriate SL
History is written by the victors.
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