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- peterM replied Oct 1, 2007
thats very impressive to do so well over such a long period with such a large amount.
World's Best Trader Discussion Over
- peterM replied Oct 1, 2007
my long is now +134 pips.. entry 235.60.. I have a trailing stop.. how much more is it gonna go up.... let see.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peterM replied Oct 1, 2007
not that i know of.. u can subscribe to the thread though.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peterM replied Oct 1, 2007
I am long GBP/JPY from 235.60.. not on cable though
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peterM replied Oct 1, 2007
very nice.. 235.50 broke.. convincingly.. I bought the retracement and got at around 235.60.. trailing it now.. lets see where the ride takes me..
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peterM replied Oct 1, 2007
yeah.. no crosses on my charts yet... have to remain patient.
Simple 5 / 8 moving average crossover
- peterM replied Oct 1, 2007
that may work... what will you use for stops and tp?
EUR/NZD trading news
- peterM replied Sep 30, 2007
Cool quotes.. another good one "only risk what you can afford to burn"
Words of Philosophy & Psychology---
- peterM replied Sep 30, 2007
Yeah, a good idea to start off with micros.. Regarding the broker and slippage etc. I would not worry about that for now... Broker selection is often related to what kind of trading you plan to do, so its hard to make any good suggestions until you ...
Account Size Timeline/Stages Advice Request
- peterM replied Sep 30, 2007
If your balance is small, you will need a broker that allows micro lots. I would say pick one that has been around a long time.. often the longer the better. Also check they are regulated. There are plenty to look through here: url
Going Live - Need Reliable Online Broker Can You help
- peterM replied Sep 30, 2007
Yeah, I will go long if 235.5 breaks convincingly... but I will wait for a retracement.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peterM replied Sep 30, 2007
yes.. i understand what you mean.. trend trading requires a lot of patience and discipline.. It can take a long time to acquire this... its much better to stay trading demo accounts until you are confident you can stay out until a good setup arises.
Road behind....road ahead.
- peterM replied Sep 30, 2007
should be some resistance around 235.50.. Lets see if it can blast through today.. weak tankan data might just do it... we will see
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peterM replied Sep 30, 2007
its gambling if u dont know what u are doing... but if u have a good strategy with solid risk control, you can get a nice edge in the long term. If you do this, you are trading, not gambling.
Is trading a competition, battle or war?
- peterM replied Sep 30, 2007
I dont think that is a good idea findcount. You could be setting yourself up to fail. If the spread of your broker is 3 pips for the pair u are trading, you will need the market to move 8 pips just to earn 5. It may work well for a while, but there ...
is this a ridiculous idea ? maybe i'm losing my mind !
- peterM replied Sep 30, 2007
ahh.. damn that is rather high.. I have seen other brokers offer it at 20.
+$40 in rollover everyday