Just closed my short position of one of my two baby accounts. Did a 500+ pip run on that one for two months. The account is under 1k so I usually let it run it's course on the daily chart. It still looks like it could go down to 137 or thereabouts. ...

Dragon Riders GBP/JPY

It depends if you are long or short term trader. Long term, to me, it looks down. A short termer, depending on the chart interval, the trend could very well go up. I base my trends on the daily.

Dragon Riders GBP/JPY

That's where I got out... pretty dumb. Anyway when you're in a position for a couple months--not my plan--you get a little spooked. I would love to short again at 146.90. We'll see what happens.

Dragon Riders GBP/JPY

I was stuck in GJ because of poor positioning. I ended up with a $200 loss--it could have been worse. Hoping to go back up a bit for a continued short. Long term, it looks like a short for awhile, maybe ~137 or so but who knows.

Dragon Riders GBP/JPY

I just had to wait it out. I took about a couple months. My problem was positioning in lots of 3. My account is just too small for that amount. So back to 1 lot positions.

I plan to quit forex!

Haven't been here lately because I was so upside down on my trade. It eventually turned so I was able to get out with only minor injuries--lost about $200. I was too heavily positioned. Not good for a baby account (under$10k).

I plan to quit forex!

Haven't been on for awhile since I was so upside down in my positions. I was finally able to get out without too much damage. Positioned way too strong so I was stuck but it did eventually go my way. $200 loss but I consider myself lucky. Now back ...

GBP/JPY

The PA has broken the lower flag trendline so it has become somewhat more ambiguous to interpret. However, you can see by the chart that I have already positioned long. We'll have to see where this goes. The previous posts suggest this is the place ...

GBP/JPY

I'm stating a generalization. With me, it was more than three. Others... maybe less, who knows. If you are a risk taker, it's likely that you will blow an account more than if you're not. Not trying to be controversial.

I plan to quit forex!

All I'm saying is trading forex has a learning curve. If you are a risk taker, the likely hood of blowing an account is higher than if you are more cautious. I'm generalizing.

I plan to quit forex!

I may be all wrong but I don't think you can understand forex unless you've blown at least three accounts.

I plan to quit forex!

I hear you. I've gotten burned so much in the past and blown quite a few accounts, I feel battle weary. I average about 10 .03 pip positions on a play so that's about .3 pips which to me is plenty of risk on a small account such as mine. I used to ...

I plan to quit forex!

Thank you for your constructive criticism. I don't mean any disrespect but you state that you are on a demo account and you are advising me when you have 'no skin in the game'? Fine... I always appreciate advice, however, a demo account is a ...

I plan to quit forex!

G/J has been working against me since my positions so when it shot up within seconds, the market allowed me to get out virtually unscathed. Good thing! It broke the daily bottom trend line so I put in a buy for 145.98. G/J is out of the PA balance ...

I plan to quit forex!

We retailers can't affect the market but we can sure go along for the ride.

All Majors Only- No stop group

Got up in the middle of the night and closed my positions--stupid on my part because it was a reversal and I trade completely differently. I should have kept my positions and put a tight stop on it so I would either have a win or a quick small loss. ...

I plan to quit forex!

Yes, the stochastics pointed to a buy opportunity so I multi-positioned a buy based on the daily chart of the G/J. Left a lot on the table though. I’m now shorting on the 4 hour chart if it breaks the 147.00 mark. We’ll see what happens.

I plan to quit forex!

Just banked 111 pips with GBP/JPY but left some on the table. Story of my life. But I guess if you are in the green what does it matter. Good comments on this post.

I plan to quit forex!

Again closed my positions out way too early but was still able to bank 111 pips. I guess if you keep it in the green, it's all good.

GBP/JPY

I tried riding the market without using stop losses. To me it didn't work. The market will simply outlast you as it's going against you. I do mental stop losses and am pretty religious about them. The problem with most platforms is that you cannot ...

All Majors Only- No stop group