BAH!! i'm shorting from here.....2750. stop at 2775. i screw this one up i am done for the night. have a flight to vegas in 5 hours

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

so here is where i always need help. i am in from 2590 - caught a good run. now do i close and look for a new one - or place a stop at like 100 pip profit? kills me to sit and watch another 80+ pips of "profit" melt away i'm out.

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

i'm not right often....but feels good to look at a chart for an hour, make a call and see it play out. that was a nice 1 hour bar from my last post.

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

i hear ya....this morning i got eaten up trying some scalping....and looking back at closed trades...should have done like malcolmb and just bought every good dip. jeez.....i'd have like 800 pips by now!!!

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

here we go....maybe

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

so looking at the hourly chart....we either go back to a test of around 2450 or we push through that previous resistance of about 2625 from 1-20 if so i feel 2800 will come real fast.

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

move back to 2200?

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

oh come on.....50 pips in 30 second drop.....what the hell can someone please explain to me how such a big drop happens?? I mean....we are trending up....is it that some large bank just sold 10,000 lots?? what causes this?

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

good job....learn to cut losses fast. then WAIT and look for a new entry.

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

i'm out

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

I have stops set for profit on my 2 trades....my new trading goal for 2009 is earning enough to buy a milk shake and half a ham sandwich every day.

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

what i am trying to learn is: was that last 50+ pip rally a good place to add another short? and if so how far above it would be a good stop? right now i am short from 2140 and just added one at that rally at 2030 I always seem to get eaten up ...

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

short from 2350....still am. just the one little retrace had me spooked. stopped dead on 2251 again. hmm

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

wow....make a quick 70 pips....walk away for 20 minutes and come back to see it all gone again.....

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

HAHAHHAHAHAHAHAH I DO IT 99% of the time!!!!!!!!!!!!!! Had my stop at 3340 and closed it manually at 3334.....trying to get that "extra" couple pips i thought were going to be eaten by stop anyways. Price goes to 3337 and the plummets Ok....so these ...

EURUSD

Still in it. stop is now at 3340 got a little close there in the last 15 minutes. Will keep stop there until it either gets hit or we cross below 3300 image

EURUSD

now.....just keep it that simple and you are good to go. i wish i could wait 3 days like i used to for the perfect trade to come to me instead of me chasing them

EURUSD

How about this - posting entry and desired exit. And then a follow up with actual entry and exit. Posting entry is sometimes tough if you are a "finger on the trigger" trader. I've tried this before - posting "I am shorting at xxx.xxx" only to ...

EURUSD

been reading some of the posts about hedges and though i would throw in my 2 cents....and just picked your reply since it was the last one that i saw. I have only pulled off a good hedge trade a few times - and it has always been hedging a trade ...

EURUSD

i like how they have Trichet speaking an hour before the open.

EURUSD