Live Price Action Trade - Failed GBP/JPY Trade 2016-01-27 | Forex
Information | Currency | Markets | Fx | Video | Assets | Lesson | Trading
In this video I enter a short GBP/JPY trade. The trade fails and it ends up hitting my stop loss. *CLICK BELOW TO SEE MORE* ---------------------------------------------------------------------------------------------------------------- LINKS Join my forex Mastermind class: https://www.forex4noobs.com/forex-trading-course/ My website: https://www.forex4noobs.com/ Twitter: https://twitter.com/forex4noobs Facebook: https://www.facebook.com/forex4noobscom-110790142266044/?fref=ts I hope you guys enjoyed the videos and that you find them useful in your trading career, don't forget to leave a like on my videos and subscribe for more content! Check out the Webinar Playlist: https://www.youtube.com/playlist?list=PLEr6TxI3iPbMy4-1Tgz7a7kVTRgag-qPb
Comments
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good video
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I'd be sitting long at 169.000. great pivot there to go long.
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I have tried to sign up on your site for the free course on your site. I put in my email and nothing happens after. I have tried 3 times. What is the issue? Am I waiting for you to do something or should it be automatic?
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As much as it sucks it's good to see even pros making a mistake here and there. Thanks for showing us your humble fall, you took it well and it's reassuring to all of us on this. A question then to you, what sort of balance would you recommend keeping in your account to buffer through times like this? Would you have say $10k in there? More? That would help to know if it's not too personal. Thanks!
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great video. It failed because the bank of Japan cut its rates making the Yen weaker and the GBP stronger. I love that you show both the good trades and the bad ones :)
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It s a reverse head and shoulder reversal and there were some strong pushes down prior to the head, Why didnt you buy at the hammer and set stop loss there? Thanks for the upload! Enjoy it!
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thanks Nick,
good explanation, ive been looking for something like this. quick q, what time frame do u trade? 6h? -
Thanks Nick. I am a bit confused as I thought you don't hold trades over the weekend but you opened the trade with just over 1 day to go... also in the last video you said you often wait until Wed or Thurs to open a trade. I see the point of this which is confusing. Your AUDUSD worked beautifully, at least the way I understood it. I took it on demo. Spiked up to my TP on Friday night (Ausie time).
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What tool do you use to draw your s/r -- or is it manual lines with shadow boxes around them?
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Nice video its nice that you show the bad trades to. Because of that you can learn from them. Do you know the saying : your best tearcher is your last mistake and what you can learn from that.