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EUR JPY
Uczestnik z Dec 04, 2012
237 postów
Jan 14, 2013 at 14:15
They key with the positions I take are. Cutting your loss by no more then 1 fib level. Which on avg is 6-8 points. Once you do that, you keep enough free margin, and you aren't bias towards the direction of your loss.
Uczestnik z Dec 04, 2012
237 postów
Jan 15, 2013 at 02:55
What an amazing drop. Almost 90 point drop in 5 mins for EUR/JPY. Got to love this pair!
Uczestnik z Jan 15, 2013
6 postów
Jan 15, 2013 at 10:33
Yes! I am a rookie so forgive my terminology if it's not precise. I've only been trading less than a month and that is the most volatility I have seen in that short period of time. I have heard that the Japanese want to weaken their currency to make it more competitive but how far will it drop or what kind of support levels are we looking at?
Learning
Uczestnik z Dec 04, 2012
237 postów
Jan 15, 2013 at 10:59
Well that is just it. Look at it for the past month. It has WEAKEND by more then then 1200 points based on its current price. This of course is a meer profit taking. The higher tf shows it to being on a sell mode, but it has yet to pass the BEAR breakout price. 118.79 IS THE BREAK breakout price, so actually we are under it right now. First tp will be 118.08 for the short term. and second tp is 117. 318
Uczestnik z Dec 04, 2012
237 postów
Jan 15, 2013 at 11:39
39 mins later and we are less then 20 points away from the tp number 1. What a nice pullback by eur/jpy. I think we will bounce up a bit from here before the tp is reached.
Uczestnik z Dec 04, 2012
237 postów
Jan 15, 2013 at 11:48
TP number hit :)
forex_trader_94746
Uczestnik z Oct 10, 2012
13 postów
Jan 15, 2013 at 14:41
Any update about EURJPY it will go to 121 level or not?
Uczestnik z Dec 04, 2012
237 postów
Jan 15, 2013 at 15:11
asad0798 posted:
Any update about EURJPY it will go to 121 level or not?
Well much needs to happen for that to occur. I'm honestly not a swing trader. I'm a scalper.
forex_trader_94746
Uczestnik z Oct 10, 2012
13 postów
Jan 15, 2013 at 18:59
hmm ok
Uczestnik z Dec 04, 2012
237 postów
Jan 15, 2013 at 21:36
Higher time frames says this should be dropping. I will post a chart with my analysis in a few hours.
forex_trader_94746
Uczestnik z Oct 10, 2012
13 postów
Jan 15, 2013 at 22:21
ok :)
Jan 16, 2013 at 01:34
IMHO; EUR/JPY looks like 116.00 Range nearby...http://www.myfxbook.com/forex-charts/AUDUSD,H1/7613/NPKU2auHmSE3kOY#EURJPY,H1/8263/WOMwHjWvbuEpsR4
We'll see...
We'll see...
"Live The Dream"
Uczestnik z Jan 15, 2013
6 postów
Jan 16, 2013 at 06:25
Told you I was a rookie, mixed long/short with value of currency. Anyway, well done AmberLynn you called it about perfect today on a volatile pair. I'm trying to get experienced traders insight into...what I basically cannot see...yet. Will be curious what your forecasts are for tomorrow. Good Luck.
Learning
Uczestnik z Dec 04, 2012
237 postów
Jan 16, 2013 at 17:02
Repco posted:
And AmberLynn blew both the demo and real account
I sure did. I became very bias those last 4 trades and refused to close when I got the signal to reverse my order. No excuses on my part. I will redeposit within 48 hours, and show better self-control.
Jan 16, 2013 at 17:04
AmberLynn posted:Repco posted:
And AmberLynn blew both the demo and real account
I sure did. I became very bias those last 4 trades and refused to close when I got the signal to reverse my order. No excuses on my part. I will redeposit within 48 hours, and show better self-control.
Take care of the downside, the top side will take care of itself.
Uczestnik z Dec 04, 2012
237 postów
Jan 16, 2013 at 17:23
Repco posted:AmberLynn posted:Repco posted:
And AmberLynn blew both the demo and real account
I sure did. I became very bias those last 4 trades and refused to close when I got the signal to reverse my order. No excuses on my part. I will redeposit within 48 hours, and show better self-control.
Take care of the downside, the top side will take care of itself.
I don't understand what it is your referring to.
Uczestnik z Dec 04, 2012
237 postów
Jan 16, 2013 at 17:30
Take the following snapshot for an example. This was my biggest win of the day in that account. Yet, this position I actually held a 23 point loss (extremely bias for a scalpers position), until EUR/JPY actually reversed, and reversed huge in my favor. It is wagers like this which, cause you to believe next time, the same will occur. On that LUCK wager, I ignored 3 signals which told me to sell, before the big reversal.
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Uczestnik z Dec 04, 2012
237 postów
Jan 16, 2013 at 17:35
This was the margin call position which I held for a 45 point loss. ON this one I got major signals to reverse the order which I didn't listen to. I let all those red candle influence be to believe that it was going to drop back down. 😭 If i make the correct adjustments I should be able to profit 600% and withdraw before I margin call again. Let us see what the market will give me next time.
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