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Re:The GBP/JPY Monologues (1 viewing) (1) Guest
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TOPIC: Re:The GBP/JPY Monologues
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yeahbah (User)
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Re:The GBP/JPY Monologues 7 Months ago Karma: 3  
not sure about analysis-paralysis but everytime I see a pattern that i'm familiar with, i get this urge to trade it without any confirmation -- hunch trading. When I'm bored, sometimes I buy at support or sell short at resistance which is against my system -- "baka sakali" trading. And that made a big sugat to my account.

I don't trade everyday.

I no longer trade japan market.

Market consolidates during japan market hours

real action is during london and us market hours.

I trade Monday to Friday, between 4am to 12pm EST.

Yeah, that's a good advice: let trades come to you.

Inip is the kalaban.

I'm not a long term player. I don't have the patience like yours which I admire.

The problem I see with trading time frames more than 4hours is that, the stops are too wide, one simple mistake, you're out. Especially when you're trading a very volatile pair like gbp/jpy. One minute you're up 100pips the next minute you get hit with a margin call (exags lang )
 
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The GBP/JPY Monologues
yeahbah 2008/03/08 02:55
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yeahbah 2008/03/08 08:13
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yeahbah 2008/03/08 08:16
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yeahbah 2008/03/08 08:32
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Sherwin Go 2008/03/08 13:50
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yeahbah 2008/03/08 14:12
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