Every trading learning their craft has had to do the same at some point - its doesn't mean you are a fool or incompetent...Its merely part of the learning process that has to occur and does occur for every trader at some stage - and no one escapes ...

Dragon Riders GBP/JPY

Agreed, if you're wrong - you are wrong...Take the medicine

Dragon Riders GBP/JPY

Depends on whether you choose to use a technical (price based) stop loss (hard) or a % stop loss - both have their place in trading

Dragon Riders GBP/JPY

I've got a breakout reversion target at 133.30 but it could be a while before we get there as its still in its breakout mode. So depending on your position sizing and risk tolerance levels its your choice...with a margin level of 1000%, I'd be ...

Dragon Riders GBP/JPY

I'm trading it from the short side (mean reversion strategy) but for now the momentum is north...Funny ole business isn't it

Dragon Riders GBP/JPY

Fair play - I'm more of a mid - long term timeframer myself but if you can execute off the 1min - good for you. Looks like by the time I submit this reply your target will be met..those last few pips. eh..

Dragon Riders GBP/JPY

Good target point and given you've got the 'magnetic' 135.00 handle above and a Fib extension level at your target area, you are looking good.

Dragon Riders GBP/JPY

Hi dab, Target is 1.5157 on EUR AUD...when that pair kicks, it goes like a top athlete on steroids.. I've taken profits on this simply because doing so allowed me to hit my % profit quota for Q1 nice and early into March. Time for a few days away ...

AUDUSD Trading Pit

Fair play - you know what you are doing..Money management rules, eh I'm out of AU Longs now - easy part of the trade is done and as a famous trader once said / wrote - "leave a little sunshine for the next guy / (girl)"

AUDUSD Trading Pit

Yeah, those key '00's are where the big guns fire their cannons - we simply have to jump on for the ride. How many times have we seen that one play out? just gotta 'sit on your hands' and let it come to you. You still holding your shorts in AU?

AUDUSD Trading Pit

..Just to add a little colour to my earlier post by way of demonstration. Here is a recent trade in the EUR AUD. Timeframe is 4 hour chart. Tight entry taken under a critical level and a 4 hour 'snap back' point - 1.45 into an exhausted move. Low ...

AUDUSD Trading Pit

Feel free to scroll back a few pages on this and the other AUD / USD thread where I posted my trade entries and analysis off the weekly timeframe targeting this area. COT data at the time also supported the long trade. In my opinion 'top down' ...

AUDUSD Trading Pit

I see the knives are out - Enjoy ...I couldn't trade those 5min charts - too many damn mouse clicks for a lazy bugger like me.

AUDUSD Trading Pit

​Nice going - they all add up and if you don't like what you see - getting out is the right thing to do

AUDUSD Trading Pit

There is not much I can add since my last chart - entries circled with a buy limit placed.​

AUDUSD Trading Pit

Very possibly TK - to me anything less than the daily chart is mess and slop on this pair at present and its certainly having issues around 7240 - so who knows. Its a bit of an each way bet 'right here / right now' I'm holding these AU Longs for the ...

AUDUSD Trading Pit

Okay - If I were in your situation trading anything less than a daily timeframe would be off limits as I could not keep track of the market during the 12.5 hours at work...The solution may be to utilise the daily and weekly timeframes. Daily candle ...

AUDUSD Trading Pit

I'm still holding Longs TK. ...Mind if they don't get a move on - I'll be drawing on my bloody pension at this rate​

AUDUSD Trading Pit

It's quite possible to do both...at least until your account is at a level to support you full time or if you become a signal provider or manager of other people's money. Have you considered merely moving out to 4 hour / daily / weekly time frames ...

AUDUSD Trading Pit

Thanks for sharing, that was an interesting read

Cable Update (GBPUSD)