Pending short order GBP/AUD at 1.6180, 30 pip stop.

Mr Breakout (Day) Trading Journal

Hi there Elbert, A trader named Andy Krieger once took a short position against the kiwi. His trade was so big that it exceeded the entire money supply of New Zealand! Is that big enough for you or what?

Cable Update (GBPUSD)

Out at 1.6190, +5 pips.

Mr Breakout (Day) Trading Journal

Hi: Did you backtest this system?

Pre London Mechanical System

Out at 112.46, 19 pip loss. Winning is all about managing losses: recognize when you are wrong, humble yourself, bite the bullet and wait for the next trading opportunity. This is what trading is all about really.

Mr Breakout (Day) Trading Journal

But of course YOU have no problem clogging people's thread with complete nonsense and disrespectful comments, when you feel like it.

Billytt Die happy trading e/j daily breakout

Excellent. How about this one ? "Love your neighbor as yourself." Matthew 22:37-39 And so far you did not respect this very simple rule.

Billytt Die happy trading e/j daily breakout

Yeah, sure, like if the big players (the "whales", Soros or Buffet for example) are going to reveal their REAL FX positions to the retail traders, right here on FF or elsewhere... By the way, what is a "big" player for you? For me a big ...

Cable Update (GBPUSD)

Long GBP/AUD 1.6185, 35 pip stop.

Mr Breakout (Day) Trading Journal

Long USD/JPY at 112.65, 25 pip stop.

Mr Breakout (Day) Trading Journal

Out at 112.62, +10 pips.

Mr Breakout (Day) Trading Journal

+25 pips (price went as low as 112.45), moving stop to break-even.

Mr Breakout (Day) Trading Journal

Short USD/JPY 112.72, 16 pip stop.

Mr Breakout (Day) Trading Journal

Yes GBP/USD is going nowhere at the moment. You could set a time-based stop and exit any non-moving position after let's say 3 hours or so. Out at 1.2435, 10 pip loss.

Mr Breakout (Day) Trading Journal

Oh yeah, we do need them in this crazy business.

Cable Update (GBPUSD)

Yes, the only problem is that the market makers are also seeing that same H&S formation, and they KNOW we are watching it too, so they will soon start playing games with us ....

Cable Update (GBPUSD)

Also notice the big, mean, nasty, where-do-you-think-you-are-going hammer at support level.

Cable Update (GBPUSD)

Yep, the Yen is making powerful moves these days.

USD/JPY Discussion

No it is not a breakout, on the 4h chart (your time frame) the cable is forming some kind of very complex Head and Shoulders formation. A clear breakout below 1.24 could signal the beginning of another downtrend. Target is 300 pips.

Cable Update (GBPUSD)

Long GBP/USD 1.2445, 35 pip stop.

Mr Breakout (Day) Trading Journal