EUR/USD & GBP/USD & AUD/USD Forex Trading

increasenow · Jul 17, 2009

got these crosses up on my screen for weekend review..totally pumped about trading Forex:

EUR/USD
USD/JPY
GBP/USD
USD/CHF
USD/CAD
AUD/USD
EUR/GBP
EUR/JPY
GBP/JPY
EUR/AUD

thoughts on any of these?

cabletrader · Jul 18, 2009

Quote from increasenow:

I honestly you would have never done this...seriously...thanks for your honesty!

Yeah man, I was a slow learner and stubborn, in fact it took two or three blowups before I got the money management message

increasenow · Jul 20, 2009

9:49 AM CST
short 1 GBP/USD at 1.6459 (rea/live)
stop: 1.6484
profit: 1.6449

cstfx · Jul 20, 2009

are you using market orders on entry or limit orders?

increasenow · Jul 20, 2009

Quote from increasenow:

9:49 AM CST
short 1 GBP/USD at 1.6459 (rea/live)
stop: 1.6484
profit: 1.6449

urgh! just took a 15 pip LOSS here!

increasenow · Jul 20, 2009

10:28am CST
long 1 GBP/USD at 1.6490
stop: 1.6476
profit: 1.6520
...real/live trading...

increasenow · Jul 20, 2009

Quote from cstfx:

are you using market orders on entry or limit orders?

I almost 99% ALWAYS use market orders to enter a trade...limit orders to exit --unless scalping where that is exit by market order always..

increasenow · Jul 20, 2009

Quote from increasenow:

10:28am CST
long 1 GBP/USD at 1.6490
stop: 1.6476
profit: 1.6520
...real/live trading...

lost 4 pips here...19 pip loss today total

cstfx · Jul 20, 2009

Dude, you got to check your math:

84-59=25

90-76=14

You need to know EXACTLY how much is at risk - you can't guestimate it.

increasenow · Jul 20, 2009

Quote from increasenow:

lost 4 pips here...19 pip loss today total

another 10 pip loss here...29 pips lost on the day...need to re-wind and go for a 50 pip 'bagger' win...like the 2 fifty pip wins cople weeks back...this is not fun...being real by sharing my losses (real trading)