I've had a bad start this week. Yesterday I opened a short position at the cross of the Low WMA at 133.24 after watching the price hit the line and bounce back down 4 times at least 50 pips. So right after I open my trade the price went up, I set my ...

GBP/JPY "tunnel" and MM system

That describes perfectly what I believe to be a good entry point and is what I try to apply to my trading.

A system that works? Please!

Just wondering....if someone comes to GAMBLE on the Forex market, instead of trading, could it be that that person can develop the equivalent of a gambling problem but with Forex? Maybe that's what this guy is suffering.

A system that works? Please!

So you're already halfway to reaching your weekly objective....and it's only monday....that's cool. What was your entry and exit price? what gave you the "entry signal"? The London session seems like a good time to get some easy pips. I wish I could ...

GBP/JPY London Open trades

I'm still trading the G/J pair. My stops are set either at 100 pips or the opposite WMA (whichever is higher). However, lately the distance between both of the WMAs has been less than 100 pips, so I just use 100 pips. So that would put my ...

GBP/JPY "tunnel" and MM system

I totally agree with you (that "totally" word reminds me of the movie clueless)...I wouldn't have gone long on the master candle formed on Dec 16th (except on my chart there was no break); because there seemed to be a resistance line at around the ...

GBP/JPY London Open trades

I got another 25 pips with 2 lots, so I reached my objective. Maybe I'll change my system to a 25 pip TP with 2 lots for good.

GBP/JPY "tunnel" and MM system

I see the double top you're talking about. I read about "Master Candles" in the forex4noobs website and they seem to have worked in the past two days. Im gonna check previous master candles and do a little study on them. Last night, I had set up an ...

GBP/JPY London Open trades

The same thing used to happen when I started demo trading ( I still am demo trading, until I'm ready both system-wise and psycology-wise to go live). I used to open a trade in the 5 min chart or 1 min chart based on RSI, MACD and maybe another ...

Closing positions to early.

Using the 2 lots and a 25 pip TP I had 2 successful trades yesterday which covers last week's objective and now I'm at +50 for this week, so I'm possibly one trade away from reaching this week's objective.

GBP/JPY "tunnel" and MM system

How many micro lots do you use per trade? Im thinking about "going live" next year with a micro account, so I'm interested in seeing how your micro account trading goes.

Noobs on a mission. My journey back to a thousand.

Last Friday I got another 50 pips; and this morning I went long using two lots and my TP was 25 pips, so right now I have covered my loss and have to get 150 pips to get up to date this week. I'll let you know if I get there or not. Right now I'm ...

GBP/JPY "tunnel" and MM system

I had my first loss two days ago. I went short at 136.60 and price retraced and the SL was triggered at 136.70, and since I was trying out the other part of the strategy I had 2 micro lots (I'm using a micro demo account, since that is where I am ...

GBP/JPY "tunnel" and MM system

I went short today at 137.13 and 20 minutes later my TP was reached at 136.63 for 50 pips. I tried the other part of the strategy, and went short at 137.00 (at almost the same time I opened the first position) and set a trailing stop loss of 50 ...

GBP/JPY "tunnel" and MM system

Did you go short at 134.10 this morning? I took a look at my chart about at 7 EST, before the breakout. The price was ranging and there had not been much movement during the london session so I thought it would continue that way. At around 9 EST, ...

GBP/JPY London Open trades

The trading platform I'm using now does not have alerts (which totally sucks), so what I do sometimes is open another platform that does have alerts and when they go off I check the one that doesn't. Right now I only trade the US session, actually I ...

GBP/JPY London Open trades

Got another 50 pips this afternoon, went short at 136.38, price retraced to 136.87 and 1 hour 44 minutes after I opened the position it hit the TP at 135.88. I've reached my weekly goal, but I'll still keep an eye on the market.

GBP/JPY "tunnel" and MM system

I thought it might bounce off, that's why I didn't go short at 137.65 according to the strategy I'm trying out. Besides, the price wasn't moving more than 50 pips when my strategy "gave" me the sell signal; so i figured I better go to sleep and wait ...

GBP/JPY London Open trades

Yeah, I believe the discipline part is very important. One has to understand that the market can't be controlled, you just have to be patient until the market gives you an opportunity to trade. I got another 50 pips overnight. Before I went to ...

GBP/JPY "tunnel" and MM system

I've been trading using a demo account for about 1 year or so. I used to trade the EUR/USD, but now I'm trying to figure out the GBP/JPY pair to trade it instead. This is the "strategy" I'm trying out right now... url It's not as mechanical as I ...

GBP/JPY London Open trades