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The Magician replied Apr 19, 2010Now this is my problemo! I've got to the point where I win more trades than I lose, BUT I take those trades out so damn quick. 20 pips and I'm happy, ha! Need to hold them longer At what point do you move your SL to BE? See, on most trades I've ...
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The Magician replied Apr 19, 2010Closed my short at 5262 for 19 pips. That'll do for a five minute trade - not greedy. Went in heavy too. Woop.
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The Magician replied Apr 19, 2010ha! Not particularly. Haven't been paying attention today, I've been busy, so I'm just scalping a bit now. I expect the gap to close at some point soon though. Jeez, UK economy couldn't look much more grim now these elections turning into a farce. ...
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The Magician replied Apr 19, 2010Sold at 5281. Bit risky with that gap there just begging to be closed, but I'm hoping for a reasonable retrace first.
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The Magician replied Apr 19, 2010Wise words Nene, cheers! One of the problems I often have is going in too large and then bailing too early if it doesn't come good straight away, meaning I close out at a loss just before it reverses. Slowly getting a lot better though! When I was a ...
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The Magician replied Apr 19, 2010Interesting, thanks! I'm in a similar situation. I was a broker at a small company in the City of London, recently got made redundant when the firm went down, and now keen to set my own thing up. I run a couple of small businesses, but would love to ...
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The Magician replied Apr 19, 2010Nene, out of curiosity mate - coming from someone who has just started to trade full time - how have you done over a 20 year period? Nicely profitable I take it? Are you glad you pursued it?

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The Magician replied Apr 16, 2010I believe you! very impressed. I aim for about 30-50 pips a day, and tend to take it consistently, which gives me a good living. I've been watching this thread for months and noticed you're pretty switched on, but I will be taking more notice of ...
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The Magician replied Apr 16, 2010200 pips?? That is some seriously good pipping!!!
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The Magician replied Apr 16, 2010Out already for 8 pips. I have NO faith in this market right now, so trade the main s/r for a quick bounce and out i go. Done well today, so I don't need to take the risk for bigger levels.

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The Magician replied Apr 16, 2010Closed my last long for a few pips and now going LONG again, but only for a quick scalp. The Dow is getting slaughtered and this should come down in medium term IMO.
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The Magician replied Apr 16, 2010pawpaw — Wish I'd propped mine up wth a stop loss now, but I was happy with 21 pips in a few minutes and decided to come out. Need to do a few bits so will come back a little later and pick up from there. Don't ya just love the markets? ...
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The Magician replied Apr 16, 2010Priority #1: PROTECT YOUR CAPITAL Priority #2: try to make money If you get into profit, bring your st to Break even! One you're up, take a good profit - or at least bring your sl to lock in a comfotable amount and let the rest ride. I found that ...
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The Magician replied Apr 16, 2010out — Out at 424 for 21 pips. Should have stayed in a little longer I guess, but 21 pips is my day's money, so will watch and wait for another entry now.
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The Magician replied Apr 16, 2010It would be unlikely to go off continuously for three years, and as Cloggie said, wind direction is important. UK airspace closed for another day - I reckon this could last a fair few days yet, and prove dangerous longer term as well if the volcano ...
Cable Update (GBPUSD)
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The Magician replied Apr 16, 2010morning — Morning all!! Looking for a place to go long. It's bounced off the 366, anyone shorting this baby below that? Pip time!!!

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The Magician replied Apr 15, 2010It could be a rabbit for all I care I just made 20 pips! hehehe

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