I've got to admit, I'm getting too emotional after previous 65pips gain from GU & EU... 
Right now I feel like wanna...
Right now I feel like wanna...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #156,722
- Jan 29, 2009 4:55am Jan 29, 2009 4:55am
I'm hoping a bounce from this dpp....
Oh god, what've I done wrong....
i took small sell at daily pivot but with a tight stop hoping to hit 126.70
Private Account Manager & Trader since 1999
- #156,724
- Jan 29, 2009 4:59am Jan 29, 2009 4:59am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
I'm hoping a bounce from this dpp....
Oh god, what've I done wrong....
If we get above daily pivot then I'm toast but unfortunately GJ does this sometimes and is not for the fainthearted lol.
Just make sure you are only risking a small % per trade so when you do get a situation like this you just dust yourself off and prepare for the next set up.
Kind Regards
Steve
- #156,725
- Jan 29, 2009 4:59am Jan 29, 2009 4:59am
I've got to admit, I'm getting too emotional after previous 65pips gain from GU & EU...
Right now I feel like wanna...
Follow a rule and a system you will be a winner trade on emotion and you will lose.
Good luck my friend
Private Account Manager & Trader since 1999
- #156,727
- Jan 29, 2009 5:03am Jan 29, 2009 5:03am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
closed right on GANN on 1hr on IB...
Anyone have it cross up???
Will set my sell limit @ 129.59 TP @ 127
- #156,728
- Jan 29, 2009 5:16am Jan 29, 2009 5:16am
The mistake is that I entered GJ like I enter GU & EU, i.e risking 50%. 
The strategy I used in GU & EU worked 80% of the time. Suddenly get caught in this pair. I'm absolutely speechless right now....
The strategy I used in GU & EU worked 80% of the time. Suddenly get caught in this pair. I'm absolutely speechless right now....
- #156,729
- Jan 29, 2009 5:21am Jan 29, 2009 5:21am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
The mistake is that I entered GJ like I enter GU & EU, i.e risking 50%.
The strategy I used in GU & EU worked 80% of the time. Suddenly get caught in this pair. I'm absolutely speechless right now....
Trade what you see, not what you think.
- #156,730
- Jan 29, 2009 5:23am Jan 29, 2009 5:23am
- | Joined Jul 2007 | Status: Don't Loose Your Shirt | 1,146 Posts
morning all,
hope you all making pips...baby
not too convinced with this up move right now..possible retrace down from 128.90...
however long term i'm still bullish.....so all my trades still open even if we get a restest to the lows...i'll just hedge...baby
happy pipping
hope you all making pips...baby
not too convinced with this up move right now..possible retrace down from 128.90...
however long term i'm still bullish.....so all my trades still open even if we get a restest to the lows...i'll just hedge...baby
happy pipping
- #156,731
- Jan 29, 2009 5:24am Jan 29, 2009 5:24am
- Joined Dec 2008 | Status: Trader | 2,753 Posts
The mistake is that I entered GJ like I enter GU & EU, i.e risking 50%.
The strategy I used in GU & EU worked 80% of the time. Suddenly get caught in this pair. I'm absolutely speechless right now....
And 50%. That's a staggering amount to risk on a single trade. A sure fire way to become one of the so called 95%.
- #156,732
- Jan 29, 2009 5:25am Jan 29, 2009 5:25am
I got MC for stupid thing....
This is the first since November...
$1650 gone...
Only if any of my friends can help me with this situation....
I hate GJ all my life...
Will neva eva trade this pair again...
- #156,734
- Jan 29, 2009 5:27am Jan 29, 2009 5:27am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
morning all,
hope you all making pips...baby
not too convinced with this up move right now..possible retrace down from 128.90...
however long term i'm still bullish.....so all my trades still open even if we get a restest to the lows...i'll just hedge...baby
happy pipping
lol, according to this thread everybody rips enormous amount of pips and trades big time.
I got MC for stupid thing....
This is the first since November...
$1650 gone...
Only if any of my friends can help me with this situation....
I hate GJ all my life...
Will neva eva trade this pair again...
Relax man $1650 is nothing
- #156,738
- Jan 29, 2009 5:31am Jan 29, 2009 5:31am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
I got MC for stupid thing....
This is the first since November...
$1650 gone...
Only if any of my friends can help me with this situation....
I hate GJ all my life...
Will neva eva trade this pair again...
if your risk even was 5% on this trade, this would be 500usd on a 10k account. 500usd on 1 lots = 45 pips.
since it is 1650 you should at least trade 30-40k to allow for such a loser position.
overleveaging should only be used when it makes sense...
averaging by adding to your positon which is already in profit...
- #156,740
- Jan 29, 2009 5:33am Jan 29, 2009 5:33am
- | Joined Jul 2007 | Status: Don't Loose Your Shirt | 1,146 Posts
[quote=Dr.Geppynius;2501731]61.8 retrace but seems no sweep orders hitting us. i am not too bearish here currently. think till us session we won't see much more moves. london 11.30am now.
quote]
Yep deffo agree..US may be the one to push it down...baby...if we do go down...my fear is we will retest the lows...oh baby
quote]
Yep deffo agree..US may be the one to push it down...baby...if we do go down...my fear is we will retest the lows...oh baby