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Thread: Hi from Witbank, South Africa

  1. #1
    Johan is offline Junior Member
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    Default Hi from Witbank, South Africa

    Now I'm new to this forum. Thanks to Marc who send me the link. Already scroll through and saw a few regulars giving good advice.
    I am trading (studying) forex now for a year and I am still nowhere. Thanks for Forexmentorpro I think I start to understand the concept now. I came from the world of Stocks on the JSE and still trading CFD's actively. I do have a fulltime job and try to trade forex as a hobby. Love the thrill. The forex market is "fast and furious". One good thing I did not loose my initial investment ....yet.
    Looking forward to share with you guys.

    Johan

  2. #2
    raa
    raa is offline Senior Member
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    Hi Johan, welcome.. According to some trading books I have ready, succesful forex trading should be boring, trill like in gambling leads to sorrow..

    PS myself I also have a full time job, hope to make trading my main job, and praying it will be boring and very successful
    PPS I race motorcycles on a racetrack for trill

  3. #3
    julianj's Avatar
    julianj is offline Senior Member
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    Never thought I'd say this, but here's to boredom!

    Welcome Johan,

    Julian

  4. #4
    Johan is offline Junior Member
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    Thanx for the welcome's. I wasn't bored today. Scattering around trying to spot some trades on a day that Marc said we must be very weary. One loser so far Aud/Jpy (Short at 80.20). Small stop- it went straight through.

  5. #5
    raa
    raa is offline Senior Member
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    Quote Originally Posted by Johan View Post
    Thanx for the welcome's. I wasn't bored today. Scattering around trying to spot some trades on a day that Marc said we must be very weary. One loser so far Aud/Jpy (Short at 80.20). Small stop- it went straight through.
    Same here - sold at 79.95 and stopped out at 80.75. Price went for 10 more pips and exhausted. Right now there is a pretty good reversal formation has formed on H1 charts. Check it out. I am back into shorting it again. One of the reasons it should go down despite reversal candle and evening star formation and doji, is that there a gap down below still unfilled.

    PS: profit on trade above +25 pip on first part, and +40 pip on second part. Got out in front of daily EMA 55 with a notion to re-enter if it is broken with a confirmation. Stop was tight, only 55 pips, so with 2% risk I made enough to cover initial loss and have a good positive daily result. Besides that I had two cable trades, but more in my journal.
    Last edited by raa; 21-06-2010 at 05:37 PM. Reason: update

  6. #6
    Pierre's Avatar
    Pierre is offline Administrator
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    Hi Johan

    Howzit in Witbank ? Yes I am also South African. Welcome to the blog. I`ve been trading for a couple of years and can tell you Marc as a mentor is the best.

    Regards

    Pierre

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