I go short at 1.9700 now it’s hit 1.9760 ,It’s too much loss to me should i stop or stay as all expection say it will go 1.9600!
Please help
Any advice,Help,Comment??
Never place a trade without a stop loss. Your SL should base on your equity management
I open 2 lots short @1.9700
SL 1.9760 TP 1.9600
First one hit SL not sure close other lot or keep believe it will go 1.9600
I was almost sure depends on anaylsis and report but…!
Well what you should do is set another SL for the 2nd lot, like 15 pips above a resistance level and see what happens.
I would’ve gone long with that pair IMO and take a look at the EUR/USD now. By the way are you on a live account or a practice account?
Live account :((((
Now 1.9782 st 1.9800 if hit that mean i lost 160 pip
[B]Well I didnt Understand yet that what make you to go Long on G/U Today…???
G/U Was totally bullish today and even remain’s bullish till the end now…
I have my thread here in this site in which I have post my signal to go long in a morning in G/U Successfull trade for more visit!!!
http://forums.babypips.com/forextown/11844-piphackers-trading-jounral.html#post44528
Well whts your trading strategy…???
Hope so G/U Will now retraces back now… but if G/U Breaks 1.9800 & Remains above this level then remain’s bullish …
Becarefull…
PipHacker:rolleyes: [/B]
[B][B]Never trade without StopLoss…
You Must have to set your SL to -40 or -30 Pip’s… Otherwise you may blow out your account…Also You seems to me a newbie right???
Without any experience you are with live???[/B]
& Now seems you are struggling with your real…[/B]
Pound Dollar (GBP USD) analysis - Mataf.net
nalysts Sentiment Index 50%bearish
The structure does seem bearish with the only barrier being at 1.9605
http://forums.babypips.com/analyst-arena/12172-pro-commentary-lite-9th-april-2008-gbpusd.html
End of day lost 150 pip, feel i’m sick and loser
[B]Oh Come On…
Dont Believe on others and their analysis… You are on Real just because of ur excitment to become rich in a shortcut way…That’s why newbie’s blow out their account… -160 Pip’s is a big loss i consider anyway’s I saw your post in which you want a comment or suggestion etc…
I,ll give you a suggestion that close your real account and practice hard find a strategy through which you feel yourself habitual of making Pips in demo then came on real…
GoodLuck
PipHacker!!![/B]
[B]
Well Visit My Journal!!!
In which i have posted a trade entry to go long on G/U @ 1.9663 Now that dosent mean to fallow me blindly like you fallow other’s but purpose is to tell you that I believe on my analysis and my experience… I even know that G/U Breaks the important level in 4-hour chart yesterday & remains bearish but today it also breaks the important level in morning that’s why remain’s bullish today…That’s why I preffer to go long in my journal and it was a successfull trade for me…[/B]
the last thing you want to do is follow someone else’s advice. Their advice is just that, something to add to your trading strategy. You should never rely on it as your only way to make a decision. I’ve demoed for 2 months and have had consistent profits. And I’m only NOW going to go live.
Go through the babypips school then look at the different forex trading systems in the forum. See how they do theirs and construct one that works for you.
Once you choose your trading strategy test it for a couple month. Only after you’ve become comfortable with it should you use real money.
This is the best advice i can give you.
To Piphacker,
Why did you hack all of Babysteps pips?!!!
To Babysteps,
Go back to demo and figure out a nice trading plan that fits you. Once you have successfully found that system, start trading micro lots to fit in your psychological strategies. Then you can progressively move your account and lot sizes up as you gain confidence and experience. Good Luck.
[B]Coz Im A PipHacker lol… [/B]
It’s the only one time i depends on others on trading but it’s my fault not anyone else, Any way, I sit down review everything and know my weak points.
Just want to say i collect 50 pip first step to recovery
PipHacker what’s ur blog? How check ur Journal!
How many trade u do/week?
Forextown (Piphacker’s Trading Journal)
Your biggest mistake is taking others advice. Second, no money management. I’m learning to become more and more conscious of my money management, when I lose I don’t lose big. And lastly, study a ton and get a system and stick to it. I’m a complete amateur, and after 2 months I’m still up 3% up on my account. I’ve had some drawdowns but I’m learing to become very strict on not risking more than 1 % on an average trade and 2% on a trade I’m real confident in. Also, I lose most of my money when I panic or get exited and stop using a trading plan.