Simplicity is the Key

i got stoped out too. We will make it up soon

i picked up more @ 40

stopped too, and reenter at 9641 w SL 9615 and trailing 25 points... with limit at old goal at 9715


PS and if in a trade just before UK GDP will move SL 10 one or half minute before release

I dont get why you reenter again when you are stopped out. If you are thinking of reentering when you are stopped out, then you should have just set your S/L further. Isn't that the way?

Yea well, that's human nature, and the psychology of most traders. That reasoning that the market is wrong, and we are right. So we stubornly stick to an idea that went against us in the first place, and as in this case, we lose even more because the market is always right and much bigger then our idea of where it "should" go. I personally lost the 25 pips on my live account but am still long on my demo account , even after the drop to the 9600 level, because I had based my stop loss on another trade setup as well, based on a dailly system I'm testing out, so we'll see... currently down -17 but at resistence now... am considering getting out but will most likely stay in

Very disappointed last night, but its a part of trading, sometimes we loss, i personally traded 2 lots on that one. I notice that it was again the GBPUSD the same pair we lost last week. On the comments of re entering after the SL that is not a good practice. You when i set the SL that is the distance of the our entry price to my trade action indicator. if it is hit meaning the price crosses the trade action indicator (plus a 5 pip allowance), hence a reversal and very seldom that the price comes back based on my back testing and forward testing. On the other hand the TP is always based on Fibo numbers like yesterday the GU support and resistance are as follows:
1.9720, 1.9700, 1.9660 & 1.9580, our entry was 1.9660 which is 60 pips to 1.9720.

In SUMMARY FOR THE WEEK:

Trade Signal No. 1 --- Completed with a Gain of +12 pips
Trade Signal No. 2 --- Completed with a Gain of +60 pips
Trade Signal No. 3 --- Completed with a Loss of -25 pips

--------------------------------------------------------
Total profit for the week --------47 pips

Good practise that you keep the losses small.
Its not how many times you lose, it's about how huge your profit is compared to losses.
AUD looks good for a signal.

Signal No 4 sends ....Looks like recycle signal... Yes it is signal #4.
Good luck to all of us..

Got in at 1.9671

Wow, I put a buy stop in at 1.9660 this morning and didn't realize the signal was from last night (worked all night) Glad the signal recycled ,I'm in at 1.9662

Signal No 5 sends ....
Good luck to all of us..

When I got the signal message, the price is 75/80. Placed a long order @1.9665. Hope it be hit.

You should be coming in only at 9660 on signal 4?? How come your in already??

We ve got to get this one, I have a double latte in here riding in this one, im in...

Trader101....................... Thanks for the update

The EU train has left the station with out us.. To bad..I feel like jumping into it but discipline trading is required...

I'm in on Signal # 4 at 1.9660 !

Whatever you do.. donot attempt to jump on EU train is not safe to do that.. lets wait if it returns we ride if not wait for the next train...Just like in NYC subway.

Revised entry of signal No. 5, anybody got filled???

What is your take on an initial buy entry of say 3 mini's and then on afterthought buying a couple more if the price dips back to entry price? Is this acceptable? Ed