Nick's Forex Blog

Hello, Log in, or join forex4noobs.

135.50 Break Failed, What a Sucky Trade!

Posted by Nick 15 Comments

Hey Guys,

You win some you lose some. The 135.50 was broken but the bears just couldn’t keep pushing. Ah well, losing trades are part of the business.

Related posts:

  1. Forex Education: GBP/JPY Trade Update (Break of the 207.00)
  2. This Weeks GBP/JPY Forex Trades – Part 2 (Wk Strt 20/07/08)
  3. GBP/JPY 204.70 break trade
  4. Kill Your Losing Streaks
  5. Forex education: Trade update for GBP/JPY 212.00 break
Tags: , , , , , , , , ,
  • M4gst3r

    Hi Nick!

    Been awhile since I’ve been here. Welcome to Europe ;)

    Looks like todays trade was broken by lack of momentum and failure to break a trendline.

    At least it’s bounced right of the one a draw yesterday.

    M4gst3r

  • orpips

    When this happens, do you remove the area entirely, or do you go short again when it makes another attempt, the idea being it has to break sometime?

  • jub

    So in this case there was enough momentum to warrant entering ? I was unsure but thought there was so entered. This was my second trade with you after entering the winning trade last week……..will you be posting another scalp line this week or will we just be looking for the remainding scalp at 141.77/80 ?? thanks

  • Alex H

    I lost 55 on this one. But you are right, there are winners and losers! Looking forward to the next winner :-)

  • scott

    In this case are you looking for a LWP to trade a reversal to get some money back?

  • jbell

    This was one of only a handfull of live trades that I have made! Thought perhaps I was doing all the wrong things having placed a pending order (because being at work !)- at least I know now it wasn’t just me . Entered at 135.46 and got stopped out out 135.96.
    something positive from a lost trade.

  • Ghuznee

    I believe it did fall below 135.50 just outside of the London trading time, which would send warning bells…Lack of any momemtum as a result. Can someone confirm?

    Thanks

  • nils

    Shit happens. I saw that there was no momentum, but I get in, and out with a 50 pips stop. Sometimes the desire after a day that was ranging wins from the logical, stupid but it was again a wise lesson.

  • taub

    okay, at least this was a “good” loser. still glad i called it.

  • Mike

    Nick said: “From this week onwards the weekly analysis will be released weekly. I will also be rolling out various other site changes so keep an eye out!”

    Mike says: Man, you are a bad joke! I just can help it when I see someone with such an atittude. Can you call yourself a disciplined person??!! I just wonder how someone can trust you and your method when it is obviuos that you just can’t keep your word. I personally don’t give a shit about it, but there are people that do. I know you only like the kind words, so…. now I will wait for you do give some of your “kind words”. If you can’t accept the truth then you have a problem.

  • fabrizio

    I think we should all come down a little bit and think of all the good things that Nick did from the very beginning.
    I started to follow nick 3 years ago and he gave me serious inspiration and a world class system to succeed in forex. Nobody can thank him enough for all his time he has spent for all of us. He is a real trader.
    However what I did not like from the recent months is the inconsistance of the analysis and the bombardment of emails asking to buy systems at discounted price.
    I think there are too many guys including me that follows the signals each week and would like a kind of consistance from Nick and get these one a week signals out on time. We should get this matter sorted a.s.a.p. before everyone’s loose trust in Nick and in his system.

  • Rob

    Where are you nick? Hope everything is ok.

  • john

    this guy is lying through his tongue

  • alian

    hi h r u?

  • nabil114

    love the fact he doesnt do anything after that lose.