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- Monk replied Oct 28, 2008
maybe this is the last 300 pip shakeout? or are we really seeing a reversal?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Monk replied Oct 28, 2008
out of my long and reveresed to short at 5520.......50 pip stop. If i lose this one.....done till tonight i think. not a bad day after all
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Monk replied Oct 28, 2008
i REALLY need to learn that in the way i trade.....and my "style" so to speak i get 1-2 opps a day to make a good trade. Else....i just burn through pips looking for the rabbit hole that will take me to + 500 pips Today that trade happened to be at ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Monk replied Oct 28, 2008
OK...so see this is EXACTLY what i was talking about. I had to burn through 100 pips in 5 "bad" entries to finnally have a +60 pip trade so far. UGGGGGGG What am i doing wrong? I think i see a good entry.....and nope.....its not it.....then a ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Monk replied Oct 28, 2008
i can't stand these consolidation periods.......i always get killed I am a believer in 154 today......so i wan to get in as close to 150 as possible since i think once it starts the climb again it will be fast. So i am long from 149 knowing that if ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Monk replied Oct 28, 2008
and now what.....back to 151 or down to 141. Flip a coin
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Monk replied Oct 28, 2008
Directional Blindness - A disorder affecting Forex Traders in which they cannot see the current trend because they have been blinded by the previous trend. Resulting in Loss of pips due to stupid trades thinking they are going to see even higher ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Monk replied Oct 28, 2008
the london boys are going to come on line and have missed all the fun up and down.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Monk replied Oct 28, 2008
only about 250....which is the saddest part of all. But i came back from about a 150 drawdown....so a swing of around 400
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Monk replied Oct 28, 2008
to all the beginners out there...(me included) ......I have now "made my pips" for the day.....and its time to sit back for a bit and see how it shakes out. RIGHT NOW Is then i tend to give back HALF if not more or even all of what i just put in the ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Monk replied Oct 28, 2008
short at 150.....target.....140? HA
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Monk replied Oct 28, 2008
whats the bet we drop 700 pips in like 6 minutes when we hit what ever ceiling we are coming up on? that would be SO typical
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Monk replied Oct 28, 2008
God Bless everyone smart enough to buy at 4300 this evening
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Monk replied Oct 28, 2008
been there....cut your losses NOW
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Monk replied Oct 27, 2008
i think if EJ breaks this small support of 116.20 we will see a nice dip or not
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Monk replied Oct 27, 2008
understood. Right now is when i start getting nervous again..... Short from 4500.....price has gone was low as it has and has retraced 100 pips. Current stop is at 4300 Which means i am locked in 200 pips.....all good....happy with that. But it ...
Auslanco - GBP/JPY and GBP/USD (newstrade)