Very easy dude Buy the dips like you did

Daily EUR/JPY analysis

Mr D You have to stick to your trade plan. There are those times that ocassionally,sometimes,once in a while, if you are not checking on the trade that it could come back BUT I am not saying set the trade and never look at it. What I am saying is do ...

Exits: Our worst enemy

You should have a target before you even enter the trade. Then set it and forget it. If you trust your trade plan.

Exits: Our worst enemy

I trade 15 % of account balance with a 3% stop loss. If stopped out I still have 97% of original balance. In oanda you can set this up very easy by going to Tools/ User Preferences/Trading tab/Default size order put 15%/Default stop 3.0/ you chose ...

How to calculate amount per pip

I don't know how or what signals you are using to trade BUT where were you when this thing has a slight bounce. You have had 3 decent moves to the upside since end of April to chip away at your losses. You have several options here. 1. Get out now ...

USDCAD trend reversal?

Love the 1 day drops and 4 days up Interest is very good to me

Daily GBP/JPY analysis

Try the thread on EURUSD

EURUSD

Long here at 238.30 Buy limit orders set at 236.75 and 235.75 No stop loss on this pair By fri morn all loss on this pair will be green and if not I'll hold till green this pair has not seen it's top I'm holding for Minimum 241.50

Daily GBP/JPY analysis

If wanting to add to long term positions one way I used to do it is to add your profits. Some time ago I used to take a position (long or short) in GBPJPY and let it run until I had a retrace of 50,61 or 76 mostly it hit 61 and add the number of ...

How to correctly scale up ones position? Long term trading

One could make a living off of a daily chart. Once you get the ball rolling it could be profitable. I agree you will need a significant amount of capital to begin and maintain your targets will take weeks or months to achieve and the drawdown will ...

Trading for living only using daily charts or higher...

1. Use money management 2. Get a system 3. Trust your system 4. Establish targets for entry and exit 5. Use limit orders, market orders 6. Do not sit and watch your trade (see #3) If you are missing your targets adjust them some. I find that trading ...

How do you curb your urge?

Looking for retrace (hoping) to high 236's maybe even 235's before finding it's target in the 241.50 area. A retrace here would be very welcome and almost guarantee my target in a short time once bottom of retrace is found. Buy all significant dips, ...

Daily GBP/JPY analysis

I think you need to do a little research on our friend Warren. He makes mega mega bucks on forex each year. The only headline you see is the last one when he decided to pull out for a loss ( probably had something to do with taxes). Incidently, ...

Do you trade with or without a chart?

When scalping off a 5 min chart, my fibs will more often than not tell me where I can look to take profit (using a neg measurement). Fibs very seldom lie.

Are Fibonacci levels overrated?

Money management

Daily GBP/JPY analysis

rate hike at 1 am 14 jul move you saw was going up and getting stops before the move down (I'm guessing)

Central Banks Watch