Brewski's Leverage Abuse

This is a discussion on Brewski's Leverage Abuse within the Trading Journals forums, part of the Reception category; Added to both trades this morning, someone was defending 110.00 on usd/jpy overnight, I think if we see it pop ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Aug 1, 2017, 7:19am   #17
Joined Sep 2010
brewski1984 started this thread Added to both trades this morning, someone was defending 110.00 on usd/jpy overnight, I think if we see it pop below 110 there will be a lot of stops triggered and a decent move down. I added at 110.20 on a flip of sup/res
Attached Thumbnails
5-trade.jpg  
brewski1984 is offline   Reply With Quote
Old Aug 1, 2017, 8:33am   #18
Joined Sep 2010
brewski1984 started this thread Stopped out of DAX at roughly -£30, usd/jpy still showing me roughly £320 profit
brewski1984 is offline   Reply With Quote
Old Aug 1, 2017, 9:30am   #19
Joined Apr 2017
Quote:
Originally Posted by brewski1984 View Post
Stopped out of DAX at roughly -£30, usd/jpy still showing me roughly £320 profit
Is you trading like a gambling addiction?
foroom lluzers is offline   Reply With Quote
Old Aug 1, 2017, 9:40am   #20
Joined Sep 2010
brewski1984 started this thread
Quote:
Originally Posted by foroom lluzers View Post
Is you trading like a gambling addiction?
Yes, read my first post
brewski1984 is offline   Reply With Quote
Thanks! The following members like this post: darktone
Old Aug 1, 2017, 11:25am   #21
Joined Sep 2010
brewski1984 started this thread Harsh, taken out of usd/jpy now. That's the problem with doing this, normal retracements can take you out.

£90 left in the account, lets find another
brewski1984 is offline   Reply With Quote
Old Aug 1, 2017, 11:44am   #22
Joined Sep 2010
brewski1984 started this thread Bought gbp/usd, cleaned out if this one doesn't work!
Attached Thumbnails
6-trade.jpg  
brewski1984 is offline   Reply With Quote
Old Aug 1, 2017, 3:00pm   #23
Joined Sep 2010
brewski1984 started this thread DAX buy stopped out now I'd be +145 profit, usd/jpy short stopped out now it's straight back down again. This is a very frustrating way to trade (gamble) and doesn't suit everyone. With stops that are so tight this will happen all the time, it isn't the market targeting you and it isn't being done on purpose. Entries and re-entries are basically random, average price ends up being random and so does stop placement. A few small losses, a lot of breakevens and then with patience, one massive winner.

Don't forget that all I'm doing here is gambling, not trading.
brewski1984 is offline   Reply With Quote
Old Aug 1, 2017, 3:27pm   #24
Joined Sep 2010
brewski1984 started this thread Doubled gbp/usd stake size, moved stop to breakeven... stop is only 15 points away so highly likely to be taken out but if it keeps running I'm laughing
Attached Thumbnails
7-trade.jpg  
brewski1984 is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Abuse of the 'Like' function new_trader The Foyer 22 Sep 19, 2013 11:40pm
Brewski Trading brewski1984 Trading Journals 69 Aug 1, 2013 10:54pm
Brewski's Most Successful Trading Month Ever! brewski1984 General Trading Chat 60 Oct 31, 2011 10:29pm
help -broker abuse slimsurf Brokerages 3 Nov 9, 2007 2:46pm
Moderators - Abuse of 'Power' TheBramble T2W Feedback & Announcements 41 Nov 4, 2007 8:51pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)