I'm also in pst time. I've been trading for about 4 months and this is how I manage it. I sleep during the slowest hours, 3 pm - 11 pm. Then I trading the full london open and the first few hours of US open, 11 pm to 10 am. From 10 am - 3 pm I do ...

A Day Traders Day?

I don't use stop loss and I only close my position when it is in black. So technically I have 100% winning trades. There were a couple of margin calls but that was early in my trading day when I still didn't how a margin call occur.

Longest string of consecutive winners?

Yup, with a capital T. If you think about, it is possible if trading with a larger account is the same as trading with a smaller account. All I have to do is maintain the same percentage returns and compounding periods. But I heard from the experts ...

Daily GBP/JPY analysis

I started trading in February. There are much I still don't know.

Daily GBP/JPY analysis

Since Februrary this year and loving it. I also just quit my 30k/year job. Why work when you can make 10 times as much in your sleep trading forex?

How long you been at this?

I don't get it either. I know next to nothing about the forex market and I've been making serious money. Maybe I've been very lucky the past 2 months. Only time will tell if I can sustain this. At 10% return per week, I can double my account every 3 ...

Daily GBP/JPY analysis

Good risk to reward ratio. Already 4 consecutive bullish candles in daily chart. I'm "expecting" a retracement. I'm not worried even if it got to 244. It will make a retracement today or sometimes next week. That's been my approach for trading this ...

Daily GBP/JPY analysis

It's interesting how I see a lot of people go short when it's low and go long when it's high. Maybe the fact that I don't use any indicators made me do the complete opposite. After all, I don't use stop loss and I use high leverage.

Daily GBP/JPY analysis

This is the level where I would short with. It's really hard to trade this pair when it's sky high and the Chinese are not interfering. Who would go long at these levels? The Chinese are not happy to see the yens weaken. I think they will have ...

Daily GBP/JPY analysis

url This is a somewhat helpful website.

Daily GBP/JPY analysis

You should think of forex like any competitive sports. For every winning team, there's a losing team. Except in sports, money isn't the main issue, the winners get the cheers, the glory and the bragging rights. The losers get the boos and the fat ...

Is trading Forex immoral??

I've been trading for about 4 months since February 2007. I used the demo for about a week then jumped right into live trading. I've been averaging 10% return per week for the last two months. I'm about to quit my job because I make in one day in ...

How money do we make and how long?

Some serious stops were triggered after 241.70. And today is also TRIPLE SWAP WEDNESDAY!!!

Daily GBP/JPY analysis

A larger scale unwind only occurs if there's reason for carry traders to believe there will be a rate hike for the yen, in which all yen crosses fall feeding off one another. But Fukui has "assured" us again and again this year it is unlikely. Euro ...

Daily GBP/JPY analysis

I can't see it falling past 239.60 even if 240.60 is breached. We're at the level where interest were expected at 5.50%.

Daily GBP/JPY analysis

Short when it reaches daily/weekly high. Long when it is 100-200 pips off daily/weekly high. Never use stop loss when long. If you're caught in drawdown, just sit back, relax and enjoy the swap. How can one lose?

Daily GBP/JPY analysis

240.60 level — ...tough nut to crack. Even if this level is breached, 239.60 is even tougher to break. I still remember it took a few weeks to break through the 239.60 resistance. I'm long here @ 240.60 and will add one more long @ 239.60 if ...

Daily GBP/JPY analysis

Well I've been buying on dips for the past few weeks and have an average return of 10% per week. Each "dip" is worth about 100 pips give or take a few. This "uptrend" is still going strong dating back to January last year when it was around 200. ...

If only I would have known....

TP @ 242? On a side note, I've only been trading for a couple of months but I notice whenever GJ gap, it usually gap down. Is it usally like this? So is it a good strategy to hold GJ short over the weekend and tp on Sunday?

Daily GBP/JPY analysis

Maybe a couple years away... I've only been trading since february 2007. I still haven't experienced a catastrophic blowup. I can only hope my account will never go there.

Daily GBP/JPY analysis