One EUR/GBP trade

Posted on May 13th, 2008 in Trading Journal

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!

From the desk of Tradergav.com

Tags: EURGBP, FX, Trading Journal

Brendan

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

"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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