USDJPY broke through support today, and as I suspected I am now too late to enter safely. I should trust the system more, but it's early days yet. Well done to those who went short last night

Edit: I've decided to get in for a smaller amount +/- 50
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Dislikedi was start on 7/7/2011
those trades
i close my 2 trade
sell gbp/usd 30 % and BE
sel gbp/chf 30 % and BE
i run usd/chf sell also on profit
start on 7/7/2011Ignored
DislikedLokking good Slurpee.
USDJPY broke through support today, and as I suspected I am now too late to enter safely. I should trust the system more, but it's early days yet. Well done to those who went short last night
Edit: I've decided to get in for a smaller amount +/- 50Ignored
DislikedIT'S A DEMO ACCOUNT (...pitifully !!!)
Thanks for Slurpee (having implemented this very KISS system and a very good Money Management) and thanks for OLU who enliven this thread with his advices and warnings.
Regards
BBFIgnored
DislikedGood job DaTrader and Olu!
Twee (The Mod) wrote me finally about our previous thread... The author contacted him about the copyright violation...
Sometimes I don't understand people. He says in his manual the system is for free... So I don't get it. But oh well... we have our method nowIgnored
DislikedIT'S A DEMO ACCOUNT (...pitifully !!!)
Thanks for Slurpee (having implemented this very KISS system and a very good Money Management) and thanks for OLU who enliven this thread with his advices and warnings.
Regards
BBFIgnored
DislikedI do get his logic though in keeping his system to himself. Forex is a zero-sum game, if that is indeed true (I doubt it is true though). For winners to be made, there must be losers. If everyone wins, no money would flow to him. He would have to devise another strategy again for him to come up with consistent winning trades if this catches on. And trust me, looking for patterns in charts is a very time consuming process in Forex.
Too bad he posted it here though, posting in message boards practically waivers your intellectual rights as you are practically sharing it for everyone to see.Ignored
DislikedGood job! I also think it was too late so taking at least a part of the profit is a smart thingIgnored
DislikedAnyway, anyone shorting the NZD/USD pair? Currently have 133 pips up atm and taking up some nice profits in my demo account.
Too bad this is not real money.Ignored