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

  • #156,061
  • Jan 27, 2009 3:36am Jan 27, 2009 3:36am
Quoting karmostaji
No stoploss?
strange. i was disciplined on my demo account. and of course g/u was only going down. so not this time i am down 3% on my account. i got margin. i was thinking of hedging the position with eur/usd long. but now don't really know what to do.
  • #156,062
  • Jan 27, 2009 3:37am Jan 27, 2009 3:37am
Quoting shelby
strange. i was disciplined on my demo account. and of course g/u was only going down. so not this time i am down 3% on my account. i got margin. i was thinking of hedging the position with eur/usd long. but now don't really know what to do.
Don't do that mistake again, use a stop-loss otherwise you will end up blowing up your account.

It is in your hands, good luck.
Trade what you see, not what you think.
  • #156,063
  • Jan 27, 2009 3:38am Jan 27, 2009 3:38am
sory for asking dumb questions. but i have no clue right no. i hate loosing so if it was about loosing i would have closed it right away but i have no ideea what i was thinking. i kept adding resistence levels and watching how they got taken
  • #156,064
  • Jan 27, 2009 3:40am Jan 27, 2009 3:40am
Quoting karmostaji
No stoploss?

Maybe he put stoploss at 1.9000 .

Sorry Just Joking
  • #156,065
  • Jan 27, 2009 3:41am Jan 27, 2009 3:41am
Quoting karmostaji
Don't do that mistake again, use a stop-loss otherwise you will end up blowing up your account.

It is in your hands, good luck.
well i know that now but if i can only save some of them i would be happy. i can't believe the price action. well if anyone has any ideea if i should wait or close the trade. i would appriciete. it is my fault but i cannot thnk right now without emotions. thanks
  • #156,066
  • Jan 27, 2009 3:42am Jan 27, 2009 3:42am
Quoting shelby
sory for asking dumb questions. but i have no clue right no. i hate loosing so if it was about loosing i would have closed it right away but i have no ideea what i was thinking. i kept adding resistence levels and watching how they got taken
You are being emotional and that is not a good thing.
Trade what you see, not what you think.
  • #156,067
  • Jan 27, 2009 3:45am Jan 27, 2009 3:45am
Being down 3% is no reason to freak out first of all. Maybe you are trading too much money for your emotions. Try micro lots after demo is what I always say.
  • #156,068
  • Jan 27, 2009 3:46am Jan 27, 2009 3:46am
Quoting shelby
well i know that now but if i can only save some of them i would be happy. i can't believe the price action. well if anyone has any ideea if i should wait or close the trade. i would appriciete. it is my fault but i cannot thnk right now without emotions. thanks
Do yourself a favour and take the hit. You say you don't like losing, well here's your first trading test; if you can't bear the thought of losing sometimes, you need to give up trading. Losses are part of the game and 3% is not terminal.
  • #156,069
  • Jan 27, 2009 3:47am Jan 27, 2009 3:47am
Quoting PandoraBox
Maybe he put stoploss at 1.9000 .

Sorry Just Joking
at list i didn't take a big position i guess that's why i wasn't very disciplined. i can stay until 1,9 and still have some money left but. it was a stupid trade to take and keep
  • #156,070
  • Jan 27, 2009 3:48am Jan 27, 2009 3:48am
Quoting ukdaytrader
Looks like GY is topping too. Volume falling on both 5m and 15m TFs, with little upthrust.

I'm short...
I took that trade mainly cause of your post. You think like me but a bit better, I think so I took a chance. Just closed +32 cause of a later entry.
  • #156,071
  • Jan 27, 2009 3:49am Jan 27, 2009 3:49am
5m QQE crossing the 50 line and approaching the 50ema.

Could fall hard if it gets some momentum.... Still short.
  • #156,072
  • Jan 27, 2009 3:51am Jan 27, 2009 3:51am
Quoting yentastic
well scalping the dips i have just added pending sell at 127.03 with tight stop and ts of 15 which if we get volume will lock in at BE and let run.


well worked out well closed for 28 pips should fall more but means im up 128 pips so far so on way to daily target.
Private Account Manager & Trader since 1999
  • #156,073
  • Jan 27, 2009 3:52am Jan 27, 2009 3:52am
Quoting shelby
sory for asking dumb questions. but i have no clue right no. i hate loosing so if it was about loosing i would have closed it right away but i have no ideea what i was thinking. i kept adding resistence levels and watching how they got taken

Take it as lesson learn and used it when you want make a trade next time. All great traders like you, before they become great traders. Relax
  • #156,074
  • Jan 27, 2009 3:54am Jan 27, 2009 3:54am
Quoting yentastic
well worked out well closed for 28 pips should fall more but means im up 128 pips so far so on way to daily target.
Will you be looking to sell over bought?
  • #156,075
  • Jan 27, 2009 3:54am Jan 27, 2009 3:54am
Quoting Petefaders
I took that trade mainly cause of your post. You think like me but a bit better, I think so I took a chance. Just closed +32 cause of a later entry.
This scares me. I need a disclaimer in my sig. I have too many losers to ever want to be followed.
  • #156,076
  • Jan 27, 2009 3:59am Jan 27, 2009 3:59am
Quoting Petefaders
Will you be looking to sell over bought?


will hold now and see what happens at this point we about to hit r1 and the EMA i use price is below on low charts. so under r1 i will scalp up and down but until i see clear price move from here ill just watch

i have a sell on e/u from 1.3300 with stop at +5 so ill just watch this for now

we still in long trend on g/j for now so buy dips still holds but when we get under a big EMA on low charts best to sit and watch
Private Account Manager & Trader since 1999
  • #156,077
  • Jan 27, 2009 3:59am Jan 27, 2009 3:59am
I'm trying to post a pic showing VSA on GY....

Have attached file from my PC, but need to display....
  • #156,078
  • Jan 27, 2009 3:59am Jan 27, 2009 3:59am
Quoting shelby
sory for asking dumb questions. but i have no clue right no. i hate loosing so if it was about loosing i would have closed it right away but i have no ideea what i was thinking. i kept adding resistence levels and watching how they got taken
Shelby,
We probably all been there - I know I have.

It may not help but what I did the last time it happened to me was set a stop slightly away from current price - just in case it turned.

If it did I just kept moving the stop - until it was hit.
  • #156,079
  • Jan 27, 2009 4:00am Jan 27, 2009 4:00am
The trend is up for me, so I'll be looking to buy dips.

That's the plan
Trade what you see, not what you think.
  • #156,080
  • Jan 27, 2009 4:04am Jan 27, 2009 4:04am
Quoting ukdaytrader
This scares me. I need a disclaimer in my sig. I have too many losers to ever want to be followed.
ok I'll re-word that.
You pointed out a possible short and I decided to take it based on my own judement..feel better?
Anyway thanks for the pips hahaha.
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