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- I lose 40 pips and win 6 to 10 pips...Started Nov 9, 2007|Rookie Talk|17 replies
I'm trading (trying scalping) on GBP/JPY pare. When I lose, I lose around 40 pips, and when I win, ...
For what time frame would trend line work best (or better)? I'm using MT4 and it automatically generates trend lines, but as I change the time frame the line also changes. Any advise for beginner like me?
Drawing correct resistance and support-lines
It's quite frustrating at moment, and I'd advise (what? newbie advise? ) to stay away for another clear bull/bear trend.
I was planning to go for short at 290.00 But I cancelled my order and still looking at current movement.
Auslanco - GBP/JPY and GBP/USD (newstrade)
not a good day for me... — I won 100pips yesterday, but so far today I lost 200pips. Market moves just as opposite to my decision... not a good day for me.
I'm hoping the price go down a little more... It once went up to 229.15, and that's horrible. It's getting bullish at this moment... H1 is bullish but H4 is still, of course bearish.
btw, here's how my chart looks.
I lose 40 pips and win 6 to 10 pips...Yeah, I agree having the long position before the announcement is suicide. I don't have any position at moment, and I'm just now looking at charts with different time frames.
I lose 40 pips and win 6 to 10 pips...I'm trading (trying scalping) on GBP/JPY pare. When I lose, I lose around 40 pips, and when I win, ...
Gosh... it's 238.79... I should have bought the long position...
Auslanco - GBP/JPY and GBP/USD (newstrade)Will it fall down? I wonder how ECB affects the rates... — Hey, this is my first post. I'm from Japan, and I don't know many forex phrases in English, so please bear with me. GBP/JPY is currently around 238.35, and since I'm very new to forex, ...
Auslanco - GBP/JPY and GBP/USD (newstrade)