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One EUR/GBP trade

by Gav

I went long on EURGBP. So , this time, the tips or Junk ideas appear to be a tips. I closed partial of my position and let the rest run. Here is the 5-minute chart to show the development of the entry setup. No rocket science, just try to ride on the bull when it is taking a short break. Think…..

OK, here is the….. CHART!

[photopress:eurgbp12may2008_trade_closed_1st.gif,full,1]

Filed Under: Trading Journal Tagged With: EURGBP, FX, Trading Journal

Reader Interactions

Comments

  1. Brendan says

    at 7:12 am

    Can you really make money consistently from forex trading?

    I work in a hedge fund, my colleagues are bank forex traders for more than 20 years. They said they are able to make money in the past because they front run their clients’ order. Now they are on their own, no order flow, they can’t make money now.

    • Gav says

      at 9:25 am

      “Can you really make money consistently from forex trading?”

      My answer: Why not?

      The bank forex traders can’t make money now when go retail, it doesn’t mean all retail traders can’t make it. Maybe it takes sometime for them to adjust their game plan.

      My own experience might not be convincing enough. One example who are trading retail and subsequently set up his own fund. Malcom. Check out his site http://www.futurestech.com.au/index.htm

      Have a good day
      Gav.

  2. Brendan says

    at 6:12 pm

    Can you really make money consistently from forex trading?

    I work in a hedge fund, my colleagues are bank forex traders for more than 20 years. They said they are able to make money in the past because they front run their clients’ order. Now they are on their own, no order flow, they can’t make money now.

    • Gav says

      at 8:25 pm

      “Can you really make money consistently from forex trading?”

      My answer: Why not?

      The bank forex traders can’t make money now when go retail, it doesn’t mean all retail traders can’t make it. Maybe it takes sometime for them to adjust their game plan.

      My own experience might not be convincing enough. One example who are trading retail and subsequently set up his own fund. Malcom. Check out his site http://www.futurestech.com.au/index.htm

      Have a good day
      Gav.

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My Name is Gav.
I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

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