Things like this happen and you have a few choices, learn from it and get back on the horse or stay off the horse and walk away. Its discouraging to say the least. Always trade so you will be able to trade again tomorrow.

Right now, I feel that I'm the biggest loser in Forex

This looks pretty much like what I have in mind, and sure there will be dips and dives along the way.

AUD/JPY

These xxx/jpy pairs always seem to be the same old same old,,, the biggest pump and dump scheme going, for days/weeks/months/years (depending on your trading scale) they rise on little reasoning at times and over extend on less reasoning and in ...

Big money impacting USDJPY

Ditto what tk5 said,,, this should not be used by anyone to punt anytime a candle comes off the 5 ma, it does involve a wee bit of effort on the traders part adding support or price levels, being Patient and waiting for the right time to pounce, ...

5 PIPS - Only Five

Danged if I know, atm I have long orders above and short orders below,,, Ill just fill in the blanks after one picks up.

Geppy's Geppy Thread (GBP/JPY)

I don't know, I closed the long pyramid (average of 3 positions 183.00) I might be early and lose some profits if it goes higher but Im not willing to wiz away the gain, I really think we will see some pullback?? Im uncomfortable and indecisive so ...

Geppy's Geppy Thread (GBP/JPY)

I took 8 GJ trades yesterday using this all with a positive result (5-20 pip) for an increase of 10% in the account balance using 25:1 leverage. Yesterday was pretty easy in my opinion, pretty much directional, might be a different story on days its ...

5 PIPS - Only Five

Never expected that one, sitting here getting ready to "scalp" off the 15m for a typical Tokyo session and Boom, to bad I was still flat with the scalp acct.

Geppy's Geppy Thread (GBP/JPY)

Interesting PA,, WTH just happened

Geppy's Geppy Thread (GBP/JPY)

In theory and with an experienced trader the supposition is correct, however with an unexperienced noob its just the opposite, usually resulting in a blown account many times with just one trade they cant cut.

Is it impossible for American traders to get rich in forex?

Hedging and FIFO at the big O used to be easily overcome, and likely still is,,,, FIFO,(big investment here to check) open a 1 unit trade then 3 minutes later open a 2 unit trade in the same direction and the same currency,,, a few moments later ...

Is it impossible for American traders to get rich in forex?

You don't NEED anymore than 50:1 to accomplish the "goal". Not saying you cant trade with more leverage because many do and succeed, far more however blow their accounts because of it. Your thinking to much about things that wont change. Besides ...

Is it impossible for American traders to get rich in forex?

I cut the shorts earlier in the day for a meager gain, just more indecision than Im willing to risk, Id rather be flat and will wait for something a bit more definitive to happen.

Geppy's Geppy Thread (GBP/JPY)

It all depends on the spread of the currency and how close you pick the entry (your skill or luck however you see it). I have fiddled with it and even though I don't have the MA with a shift and Im not using an ecn (spreads on AJ 2-2.5 and GJ 3-3.5 ...

5 PIPS - Only Five

Another winner with a GJ short 10 pip. Right at this very moment its pretty flat by my chart, I took the trades by the rules, however the hard fact is there was more on the chart in my opinion that caused the move. Anyways it took a whole 15 minutes ...

5 PIPS - Only Five

Looking at the monthly "areas", it looked like our recent highs pierced into a new "area" and pulled back to current "area" twice now,,,, maybe I looked till I found what I wanted to see and then again maybe we might see a pullback?

Geppy's Geppy Thread (GBP/JPY)

GJ currently struggling to stay above the weekly candle open price might the bears be hungry for steak?

Geppy's Geppy Thread (GBP/JPY)

Agreed I don't even put EJ on my chart list, Id rather use AJ or UJ. EJ can mirror EU to often.

Geppy's Geppy Thread (GBP/JPY)

LoL what a blast I took 7 trades on AJ and got 7 winners, Im not even able to get an ma with a shift nor am I using any of the other indys, just staying with the bigger trend and basing the entry off pullback into a std 5 ma,, most trades would go ...

5 PIPS - Only Five

AJ + NJ pulling off there highs, maybe the dragon will stir?

Geppy's Geppy Thread (GBP/JPY)