This ought to be fun: Forex is capable of so many things. Increases your brain power due to the analytics, build a bank roll (or blow it up), freedom to spend time at home with family, etc... I trade for a bigger reason and I didn't know it until I ...

Why do you trade FOREX?

I'm a terrible market timer........who knows.

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

Ready to flirt with 151? Maybe a week Been taking short positions here since 156 with the last short entry at 161 and taking some profits all the way down whilst adding to pullbacks. Retest of the support line which has been nice support ...

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

We're all different. 20 lots risking 50 pips is about a $11k loss or just over 5% on a $200k account. 20 losing trades like that and your done.

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

20 lots? I know you do what you can to contribute to the education of others and a money management strategy is key in the development of the mind of the trader. Personally I wouldn't trade 20 lot positions unless I had a $1,000,000+ fund or I was ...

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

Get a currency futures broker instead of spot with segregated accounts. FXCM are huge crooks and most of their old employees know it.

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

A while back I called out 158-164 when geppy was at the 139-143 levels. Now price has hit the harmonic resistance TL which should cause some instability in yen crosses all together as risk aversion comes back. Previous resistances which could now ...

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

Or in for a ride

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

crying is for babies

Trading Room; 1KT

Chasem, Did you live in L.A. a little while ago? Anyway, best thing you can do is clear your charts & head and start over from scratch. You have all this information and experience under your belt to use. Start using it! Stop thinking/chatting and ...

HELP - Information Overload

Here's a controversial discussion for ya: Do you use stops? I guess you have to if your a daytrader strategy type. In and out of 3 or more positions a day, opening a new order at a daily support or resistance point only to reverse cause the strategy ...

Trading Room; 1KT

yeah yeah. Those are my thoughts too. Same as the both of you. Why do people have to look for any flaw, in their mind, when all they have to do is listen? Some people think they are so damn special and need to be heard; for what? To prove a point, ...

Trading Room; 1KT

image ...

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

I agree with you that most people on the threads don't draw correctly but everyone sees things different. You just have to cringe when you don't agree with someone's vision in the market and let them find what works for them. By offering your view ...

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

So there was this guy today that had to criticize my charts and tell me how to draw trend lines and channels. I was like, HUH? I wanted to get your thoughts on this. I think of TL's and channels as more of zones than particular prices/levels. ...

Trading Room; 1KT

I hear ya on that. I've had my fair share of blowing up accounts in the past . It's always a learning process. The market is unforgiving.

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

Say something intuitive or don't say anything at all. I use lines that touch tops and bottoms of candles too. I like to keep lines in or around the wicks most the time though. I don't question your methods and I prefer to listen instead of thinking ...

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

It's all in the risk strategy. If you trade $100k then 1 lot is fine for most pairs (1% exposure). Exposure has to be cut in half on pound jappy though. That's what works for me.

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

Keep an open mind Kurt, you might learn something new. Just cause it doesn't mix with your method doesn't mean it doesn't work for others.

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

I usually don't use stops. Have gotten in trouble sometimes but if it's a good price then it's ok to hold on and be patient.

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