How do you determine the TP and SL level? My practice is TP: 85 pips and SL: 32 pips. The TP used to be 115 pips but the market right now is more vorlatal, do not see long run anymore.
Face both Win and Lose bravely
Spongebob's VS GBP/JPY Journal
- #461
- Sep 13, 2010 5:27pm Sep 13, 2010 5:27pm
- Joined Jan 2008 | Status: Worst trader in the world | 1,531 Posts
- #462
- Sep 13, 2010 5:28pm Sep 13, 2010 5:28pm
- Joined Jan 2008 | Status: Worst trader in the world | 1,531 Posts
- #464
- Sep 14, 2010 7:14pm Sep 14, 2010 7:14pm
- Joined Jan 2008 | Status: Worst trader in the world | 1,531 Posts
By the time it hit 400 lost, it is time to go in the reverse direction already, dont you think so?
- #465
- Sep 14, 2010 7:15pm Sep 14, 2010 7:15pm
- Joined Jan 2008 | Status: Worst trader in the world | 1,531 Posts
Moved my SL to BE (+11)...
- #466
- Sep 14, 2010 7:17pm Sep 14, 2010 7:17pm
- Joined Jan 2008 | Status: Worst trader in the world | 1,531 Posts
By the time it hit 400 lost, it is time to go in the reverse direction already, dont you think so?
- #468
- Sep 15, 2010 6:12pm Sep 15, 2010 6:12pm
- Joined Jan 2008 | Status: Worst trader in the world | 1,531 Posts
The 4 hrs zig-zak is about 300~500 pits on GJ. In stead of SL, may be should increase the bat.
ps: i might looking for sell right now
- #470
- Sep 16, 2010 4:55pm Sep 16, 2010 4:55pm
- Joined Jan 2008 | Status: Worst trader in the world | 1,531 Posts
This round is difficult to judge, it is the competition between Japan government and US hedge fund, not sure who will win. Will start selling if go up by another 100 pips.
Gald that you have recovered all your earlier lostes.
good luck!
- #471
- Sep 17, 2010 8:23am Sep 17, 2010 8:23am
yep agree..bout Japan vs US...we dont need to know who gonna win and not..just follow the flow/trend..
Face both Win and Lose bravely- #472
- Sep 17, 2010 4:25pm Sep 17, 2010 4:25pm
- Joined Jan 2008 | Status: Worst trader in the world | 1,531 Posts
Where you get the currency flow data?
- #473
- Sep 17, 2010 4:31pm Sep 17, 2010 4:31pm
- Joined Jan 2008 | Status: Worst trader in the world | 1,531 Posts
My chart right after market closed nothing much but price did hit 600 plus anyway enjoy ur weekend guys...
ps: i might missed sell...but i hope not..
ps: i might missed sell...but i hope not..
- #474
- Sep 20, 2010 4:35pm Sep 20, 2010 4:35pm
- Joined Jan 2008 | Status: Worst trader in the world | 1,531 Posts
- #475
- Sep 21, 2010 7:10pm Sep 21, 2010 7:10pm
- Joined Jan 2008 | Status: Worst trader in the world | 1,531 Posts
Morning guys...moved Sell SL to BE (+10)..and moved one of Long from BE to 131.11 (cover my current/this month losses) back to vacation..
- #477
- Sep 23, 2010 3:34pm Sep 23, 2010 3:34pm
- Joined Jan 2008 | Status: Worst trader in the world | 1,531 Posts
The market is in mess now, not easy to make money from the forex market.
guess we just wait and see where price might go..
- #478
- Sep 23, 2010 9:28pm Sep 23, 2010 9:28pm
- Joined Jan 2008 | Status: Worst trader in the world | 1,531 Posts
Huge spike/candle and hit my short BE...
- #479
- Sep 30, 2010 4:16pm Sep 30, 2010 4:16pm
- Joined Jan 2008 | Status: Worst trader in the world | 1,531 Posts
Morning guys...one of my long hit SL..so +260..i probably missed my sell, so now i might wait for new ride (long) 
i probably missed my sell, so now i might wait for new ride (long) 
