I'm currently in a free trade now Moved my stop loss to break even and took most of my profit off the table. I've decided to let the rest run its course

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

When I was +20pips in front I took half of my profit off the table and then moved my stop loss up to my entry (break even). Now I'm sitting on a free trade. If it goes against me and I get stopped out I don't care. My risk is now at 0% for a great ...

Trading Journal

I'm currently long until 147.50 What do you guys think? Crazy? I know the overal trend is bearish. url url

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

Trading Zone I'm interested in is shown in the chart below.

Trading Journal

PA is short for "Price Action". Price Action is just simply what the chart is doing. Is it moving up, down or moving sideways.

EURUSD

Ok, well my limit buy order has executed: Long Entry=146.00 Take Profit=147.50 Stop Loss=145.40 This is a situation where we have a pretty wide range. I'm thinking that it is more probable that we will see a bounce here BUT it is uncertain. We could ...

Trading Journal

wow that's really great. Sounds like you have modified it really well

EURUSD

what chart software are you using? I wish I had a decent volume indicator with my broker but I have none. I could use the pseudo volume indicator in mt4 but that volume is not based on the number of contracts bought and sold it is based on something ...

EURUSD

Daily pivot is at 3288 url

EURUSD

if we go back down to 146 on the GBP/JPY then I'm interested in going long again. Simple reason is that I can use a smaller stop loss with the posibility of much greater reward.

Trading Journal

edit: whoops mistake. wrong thread.

EURUSD

I'm currently long on the GBP/JPY for the small retrace. I've managed to take a bit off the table and make it into a 'free trade'. But yeah it is bearish bias. url

EURUSD

Long — long Take profit=146.95 Stop Loss = 145.90 Entry price = 146.53 This is probably not a great trade due to the poor risk to reward ratio. I'll see how it goes though. Might move stop to break even as soon as possible and take half profit ...

Trading Journal

took half off the table at the mid-point and then moved stop loss to break even. Got out of the trade at the 3230 level. Nice profit. I still expect it to go down to the 3205

Trading Journal

Just tried to attach an image but it didn't work. Hmm.. Since my image would not attach for some reason I'll post my current trade. I've been in this position for quite some time. Obama's speech pushed the EUR/USD up which went against this trade. ...

Trading Journal

Yeah that type of thing happens often..

EURUSD

lack of liquidity and not much going on. Pretty boring PA.

EURUSD

Very interesting. I hope that things get back to normal before long.

EURUSD

price action is seriously slow at the moment.

EURUSD