Auslanco - GBP/JPY and GBP/USD (newstrade)
- #156,742
- Jan 29, 2009 5:36am Jan 29, 2009 5:36am
My bad & mistake. I realised there is a up signal on 4h of my GU chart. Should've taken that one for 100pips instead...
sorry to hear about your loss im sure this will make you stop and look at g/j trading g/u and e/u is a lot safer for new guys trading yen you must follow rules and have great MM
Try using very small lot live well learning g/j like micro lot
when you have it mastered you will soon make your loss back.
Let me know if i can help in any way with set up or system.
Private Account Manager & Trader since 1999
- #156,743
- Jan 29, 2009 5:37am Jan 29, 2009 5:37am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
- #156,744
- Jan 29, 2009 5:39am Jan 29, 2009 5:39am
- | Joined Dec 2007 | Status: Senior Member | 1,461 Posts
Trading is 80% Emotional, 20% Technical
- #156,748
- Jan 29, 2009 5:47am Jan 29, 2009 5:47am
sorry to hear about your loss im sure this will make you stop and look at g/j trading g/u and e/u is a lot safer for new guys trading yen you must follow rules and have great MM
Try using very small lot live well learning g/j like micro lot
when you have it mastered you will soon make your loss back.
Let me know if i can help in any way with set up or system.
Hope I can recover fast & get back to you.
- #156,750
- Jan 29, 2009 6:04am Jan 29, 2009 6:04am
im now looking at 1m trying to find good entry on sell scalp but unless we see price under 128.10 i will just keep buying dips as they bounce off bottom bollinger/stoc bottom.
r1 seems a long way away it looks like it wants to go there thats for sure
r1 seems a long way away it looks like it wants to go there thats for sure
Private Account Manager & Trader since 1999
- #156,751
- Jan 29, 2009 6:09am Jan 29, 2009 6:09am
im now looking at 1m trying to find good entry on sell scalp but unless we see price under 128.10 i will just keep buying dips as they bounce off bottom bollinger/stoc bottom.
r1 seems a long way away it looks like it wants to go there thats for sure
- #156,752
- Jan 29, 2009 6:11am Jan 29, 2009 6:11am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
You've done absolutely nothing wrong. Luckily I made 1.5% earlier & I was also sucked in by the beast shorting at 126.95, risking 1.5% on this trade. So, for me at least worst case scenario is break even for the day.
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
MM is definitely the key
Trade what you see, not what you think.
- #156,753
- Jan 29, 2009 6:13am Jan 29, 2009 6:13am
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
Relax man $1650 is nothing
We just don't know how much he has in his account ...
Discipline + Patience - Fear - Greed = Success
- #156,754
- Jan 29, 2009 6:19am Jan 29, 2009 6:19am
im now looking at 1m trying to find good entry on sell scalp but unless we see price under 128.10 i will just keep buying dips as they bounce off bottom bollinger/stoc bottom.
r1 seems a long way away it looks like it wants to go there thats for sure
well i pressed sell and close in less than a min for 22 pips
Private Account Manager & Trader since 1999
The beast knows how to punish a person
MM is definitely the key
However I find it very useful to study charts, RSIs, simple MAs and supports/ resistances
Question: given I am happy to wait days and weeks to make a move which timeframe do you recommend I use when analyzing charts? daily candles, H4, H1?
Thanks