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Learning how to trade.

ArdiFX
forex_trader_[136673]
Mar 10 2014 at 17:48
852 posts
Greetings fellow traders. I think there is no need for introduction :)

I just posted my insight on USDJPY on my blog. https://arditfx.blogspot.com also can folow me on twitter @ArditFX if you want to get notified on real time.

Everyday I will post one pair in my blog (I hope to find free time for that) and I will answer questions here.

You are free to as anything here, also is you want EW perspective on any particular pair, index or precious metal, ask it here. I'll do the best I can.

Regards.
ArdiFX
forex_trader_[136673]
Mar 11 2014 at 07:44
852 posts
Cris (fxsolderer)
Mar 11 2014 at 15:30
22 posts
Hi Ardit!
Do you expect a pullback to the 102 zone (102.60) before continuing to 105-106?
ArdiFX
forex_trader_[136673]
Mar 11 2014 at 15:59
852 posts
Greetings Fxsoldier

No I don't expect a deep correction because that would change the wave count. If you want to get long then its good to place entry at 103.00 with 102.59 SL. But, IMO is better to play strategy as I explained in my blog. Short 104.50 with stop above the high at 105.43 and two targets, 102.20 and 100.10.

Later today a will post a different strategy, Long AUDJPY. If both positions gets filled, then it is a hedge position. Don't forget to check it out.

Kind regards:
Ardit H.
ArdiFX
forex_trader_[136673]
Mar 11 2014 at 18:27
852 posts
My insight on AUDJPY has been posted.

https://arditfx.blogspot.com/2014/03/forex-audjpy.html

For about two and a half hous I got free to write about it, at almost reached first entry point. Market is proving my expectation for a correction.

So hurry up :)
Marnix
Marnix
Mar 11 2014 at 18:38
12 posts
Seems he gonna stock at the 50%
ArdiFX
forex_trader_[136673]
Mar 11 2014 at 18:59
852 posts
Between 50% and 61.8% I'm a buyer. As explained.

PM or post it here if anyone has a request for a pair, index or metal. I'll do my best to post it tomorrow.

Regards to everyone.
Cris (fxsolderer)
Mar 11 2014 at 20:07
22 posts
Cris (fxsolderer)
Mar 11 2014 at 20:09
22 posts
so its intended to short usdjpy at 140.50 and buy audjpy between 50% and 61.8% ?
ArdiFX
forex_trader_[136673]
Mar 11 2014 at 20:12
852 posts
Yep, that's the idea.

Just a small correction USDJPY 104.50. Regards.
Cris (fxsolderer)
Mar 11 2014 at 20:34
22 posts
cannot be, its buy usdjpy and audjpy. otherwise it wouldn´t be a hedge
ArdiFX
forex_trader_[136673]
Mar 11 2014 at 21:13
852 posts
Gratings Cris

Sell USDJPY means betting on jpy STRENTH. Buy AUDJPY means betting on jpy WEAKNESS.

One possition jpy strength the other jpy weaknes. Markets are very correlated with each other, it is a hedge on jpy pair.

Regards
Ardit H.
Cris (fxsolderer)
Mar 12 2014 at 07:30
22 posts
ok, understand. selling at 104.50, yen must be strong. the same time buy long the audjpy (at approx. 92.00?), expecting a substantial correction (yen WEAK). The important fact is, that after the plunge of audjpy the correction moves the yen in the oppsite direction of the short usdjpy.
otherwise (without correction) both pairs should move in the same direction, right?
ArdiFX
forex_trader_[136673]
Mar 12 2014 at 08:13
852 posts
All I can explain to you is that JPY is very weak. My initial idea is on betting on strong jpy vs usd is short to medium trade vs. a strong trend.

For that if current strategy plays out and sell usdjpuy gets filled that will mean im in positive territory on audjpy. Selling USDJPY agains a strong trend, it os not that os not a good Idea but I prefere to be hedged.

I hope I am clear.
Cris (fxsolderer)
Mar 12 2014 at 13:24
22 posts
Hi
Three issues
1 usdjpy had a retracement down as I feared. Till 102.40 I believe in the coming uptrend. What is your opinion?
2 audjpy is at 91.75, unfortunately I went long at 92.00, we will see
3 Interesting trade: long GBP @1.6540/1.6550. Do you think is worth?
Tx and regards
Cris
ArdiFX
forex_trader_[136673]
Mar 12 2014 at 14:52
852 posts
1.That is why I was looking to sell usdjpy and not buy it. I will sell if it reaches my entry 104.50. Pair has to stay above 102.60 for trade idea to be valid.
2. AUDJPY is behaving excactly as I expected. Stop in place, targets in place. I dont see why bother on that.
3. GBPUSD probably will test 1.6760-80 then it will make a new low.

I will welcome more questions about trading techniques, risk management, trading news, indicators, etc. Things that make you independent trader, which is very important.

Regards.
ArdiFX
forex_trader_[136673]
Mar 13 2014 at 06:53
852 posts
Canceling EURUSD long, market did not correct enough to get a fill.


AUDJPY long first target has been hit collecting to me on average +100. I'm looking forward for the pair to break to new highs to trail the stop on the rest of position. Good trade.
ArdiFX
forex_trader_[136673]
Mar 13 2014 at 17:04
852 posts
Greetings friends.

My insight on EURGBP has been published. I don't recommend waiting for the next week as explained on the bloog.

https://arditfx.blogspot.com/2014/03/forex-eurgbp.html


No change on AUDJY. Whith firs targets hit the trade is free. No risk on ti.

Regards
Ardit H.
ArdiFX
forex_trader_[136673]
Mar 17 2014 at 09:01
852 posts
76.4% fib retracement reacted well and the stop at 91.00 is still intact. Still long with 50% position and aiming second target at 97.00. Trade if free so no stress about that. On the mean time, it's good to collect yield every day.

Today about 18:00 CET I will post another strategy.

Safe trading
Ardit H.
Cris (fxsolderer)
Mar 17 2014 at 10:32
22 posts
Hi Ardit!
I´m sure I can and have to increase my money-/risk management knowledge. For some reasons I recently moved from MT4 to cTrader and there I have some nice possibilities to set stop loss and take profit (see attachement).
Could you give as a short sketch of your risk / money management strategy?
Thx a lot
Cris

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