Recent content by FXSnipe

Here is my take: Success in the FX market is not easy however if you want it bad enough you will find a way. Trading daily charts works for me as I do not trade full-time and have a day job. I started off trying to trade lower timefrmaes while working, its insane and you will have endless...

Money Maker

Neke, My suggestion would be for you to open a $10K for discretionary trading and your main account on auto-trading, that way you still satisfy you urge for discretionary trading on a smaller account.

I tend to think that BPtrader is better off quitting trading if he is not prepared to face himself/herself. This is about facing yourself and some of the deep underlying issues you have within yourself, someone once wrote: " if you are impatient, vengeful, have deep seated anger, etc, guess what...

Anything is possible in FX trading, one can start with $1M hoping to make millions only to lose it all, another can come in with $100 and turn in into a milllion. Just keep that in mind that anything is achievable in this game, you can lose a fortune and you can make a fortune All the best

This is my last post here, I have other engagements from next week which willl keep me busy for some time, Out of my first short - 240 pips profit , 2nd position is about 80 pips in the money. All the best to you all in your trading and future plans, may more pips rain on you!

1st position about 220 pips in the money 2nd position just over 40 pips in the money Waiting for data releases if it continues to go down I'll hold any sign of a bounce , will head for the exit but the 8900 level seems to be a googd level to exit, wait and see

I use around 50-60 pips stop. I look at the chart once every 4 hrs or so. I do trade other pairs mostly yen crosses (AUDJPY and CADJPY). I hardly trade GBPJPY 2-5 times per month , this month traded it once , went long on Monday, it went up 80 pips put stop to breakeven stopped me out, what a...

I decided to settle on this pair than cable or euro as I tend to look at weekly charts , daily and 4hr and wanted something that is not as volatile as cable and euro. I made a lot of pips on cable but then when I continued trading I ended up losing it all. I first look at patterns on the weekly...

Got triggered in my second short position that I left from last week, 1st position is just above 180 pips in the money. My fisrt target to take profit is 8860. I'll have to monitor it carefully tomorrow

Sill holding my short, lets see where this thing take us , my order for another short from last week at 0.8987 still stand. Usdoutlaw , it looks like your bias is long and mine is short, hehehehe!!! It really doesn't matter as long as we both come out with cash lol!! It is actually...

All the best, trading is work in progress and continue to refine my strategies as the market changes all the time. Check some work by Robert Miner and Dick Diamond , they combine it (wave analysis) with indicators,like stochastics, MACD, etc

Cabletrader, lol!! thats so funny. " I made 1000% in demo and opened an accountt, lost all of it, it must be the broker who is screwing me. The guy had a loss of over $5000, in a $8000 account , the trade had to be liquidated becasue of insuffient margin. Who overleveraged the account? I blame...