I also had the problem of swinged out at stop loss. If one demo on a 1:400 account with mini positions helps overcome this while one observe.

Auslanco - GBP/JPY and GBP/USD (newstrade)

It is good to start with demo - to take the "frustration" / emotions out.

Auslanco - GBP/JPY and GBP/USD (newstrade)

[quote=malcolmb14;2783147]based on simple patterns we have broken what seemed to be a bull flag. You said your out of fx today - still buying dips then based on the above?

Auslanco - GBP/JPY and GBP/USD (newstrade)

Thanks

Auslanco - GBP/JPY and GBP/USD (newstrade)

volume? — image Based on the volume of the last 3 candles compared to the candle of the big move up before the last three: Is this lower volume bearish or does analysis this time of the day on a Friday become irrelevant?

Auslanco - GBP/JPY and GBP/USD (newstrade)

my 2 cents — If our friends in Tokyo have been pushing their currency lower off late and they want to do some rebalancing after yesterday gbp news then this may explain it.... ...in which case today can be interesting

Auslanco - GBP/JPY and GBP/USD (newstrade)

What do you mean by imbalances? No - I started out with pennies, then futures - with currencies and good gearing you can achieve reward much quicker.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Sure been a wild week...for me in anycase. Will see what today brings - see US futures flat for now...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Hey Global - you still short on GU? You own the bank now? Though these days not that prestigous title anymore....

Auslanco - GBP/JPY and GBP/USD (newstrade)

forexlion - you sure are an interesting character...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Hold it up i $ terms. Should have legs for 1000.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Like I asked earleir: there is no increase in daily volume for a downturn?

Auslanco - GBP/JPY and GBP/USD (newstrade)

for the volume fundies.... — I see no increase in daily volume - therefore no direction change yet?

Auslanco - GBP/JPY and GBP/USD (newstrade)

Hi Global You are doing impressive trades. Question on the chart - are you normally using the 1 hour to determine reversals like this?

Cable Update (GBPUSD)

Yes, problem is just the last low at 1.6355 which is higher than previous low.

Cable Update (GBPUSD)

ooouch! I did not loose 25K (ooouucchh! ) but messed up one account - the other account will no trade the retrace....

Auslanco - GBP/JPY and GBP/USD (newstrade)

boring... — Last few hour really boring. I just looked at the daily and volume was good from rise of lows to early 140's. Hard to think it will tank till lower than the daily trend line at 145/46. image

Auslanco - GBP/JPY and GBP/USD (newstrade)

Prelim gdp — Does anybody have a take on gdp coming out in 2hours?

Auslanco - GBP/JPY and GBP/USD (newstrade)

That's good...

Cable Update (GBPUSD)

I see a nice double top here - but it is end of month friday......

Cable Update (GBPUSD)