OANDA FXGame Trade

Today:

Short GBP/USD 1.435 - Gone up ! at 1.4317
Long EUR/GBP 0.9248 - Gone down ! at 0.9172

DOH !!!

Yep no stop loss now to far in
 
Halfway back but still down.

Balance £814.57
Net Asset Value £578.42
Margin Call £338.81

WILL GBP/USD DROP ?
WILL EUR/GBP RISE ?

Going to let it ride to see....................
 
Thats it busto again on a Margin Call !!!

I still got loads to learn......................

Balance £335.14
 
How about. Use a stoploss so your actually only risking 2% of your accoutn like you said?
 
Yeah I know GREED

Still better to screw up here than live, its all a learning curve
 
Slots? or Roulette?

Patience! Patience! Patience!

Temper your entries to just the lows and highs - then risk a bet

GBP/USD Lows 134 ish
Recent GBP/USD Highs 149ish Only buy or sell near these levels!

Until it break these levels it represents the risk of that 2000 pip range. anything near the middle is only risking trades

EUR/JPY is good buy at 112-115 levels
GBP/JPY is good buy at 118-123 levels
EUR/USD is good buy at 1.24-1.26 and a good sell at 1.40 etc etc etc
EUR/GBP is good sell at 95 to 98 and a good buy near 80
Wait! Then wait some more! Price will reveal a trade to you

Use 1 hour charts or longer squeeze 1000 candles / Bars in it to define your ranges
Throw away the 5 min/1 min charts until you look at the longer time frames

Cheers!
 
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