DislikedI've been looking at the GBPUSD and USDJPY just for the fact they make up this beast. And if I can nail this beast, I can nail anythingIgnored
I dream, therefore I become.
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DislikedI've been looking at the GBPUSD and USDJPY just for the fact they make up this beast. And if I can nail this beast, I can nail anythingIgnored
DislikedYeah man, there is no doubt about that. Sometimes the moves on this pair outplay themselves, whereas other pairs just, more or less, stick to coordinates (such as fib levels etc.). Trading other pairs is a shoe in once you've traded this pair. Once I started trading weeklies on the other pairs, everything has just sunk into place perfectly. If you like the big moves on this pair, the gbp/chf is the same way nowadays. God I love this market. lolIgnored
DislikedMike GJ is trading below Weekely pivot are you concerned about that? Obviously we have a few hours to go so one can never tell. Just thought te throw it out there for more analysis. Have been scalping EJ since morning. Looks like a little downmovement coming both on EJ and GJ before up. Probably 209.90 areaIgnored
DislikedGotta go guys. I'm closing the other half of the trade I took earlier today. I don't like carrying trade over the weekend. I heard of to many horror stories of what could happen.
Later,
JimIgnored
DislikedOne reason could be if u place a linear regression channel from the daily hi to the daily low, probability say what?
Not to mention that buyers stood solid ground on the the low? Buying with much conviction, If this truely is distribution phase they must add supply to market or no covering will propell a break of the bottom in place.Ignored
DislikedYeah man, there is no doubt about that. Sometimes the moves on this pair outplay themselves, whereas other pairs just, more or less, stick to coordinates (such as fib levels etc.). Trading other pairs is a shoe in once you've traded this pair. Once I started trading weeklies on the other pairs, everything has just sunk into place perfectly. If you like the big moves on this pair, the gbp/chf is the same way nowadays. God I love this market. lolIgnored
DislikedThat's my point. We are all here to learn and practise our way of trading. Learning lessons, good or bad.Ignored
DislikedThese weeklies coming up on some other pairs should show some good opportunities for us.Ignored
DislikedFor weeklies trading, how many pips draw downs do you need to accept?Ignored
DislikedI was going to ask the same question but with different wording.
How much are you willing to accept?Ignored
Dislikedmike, I'm seeing an inverted flag on the weekly. An almost identical one to the one we had at the 229 level back in late December. That flag seems to be ending on this candle following a downward trend line starting up at the 239 area. Next week I have a feeling will be big!Ignored
Dislikedmike, I'm seeing an inverted flag on the weekly. An almost identical one to the one we had at the 229 level back in late December. That flag seems to be ending on this candle following a downward trend line starting up at the 239 area. Next week I have a feeling will be big!Ignored
DislikedIt all depends on the trade and how much the reward for me would be.Ignored
DislikedTake your monthly charts and put your cursor around 204, then look back through the chart. You'll see numerous times where it has held as support/resistance.Ignored
DislikedThanks man! I have never held a position for more than 2 days in this market. Funny, I day trade this but I would never consider day trading stocks. I will hold on to stocks for years! I just sold my Google and Under Armour but only after Markam started getting in my head. I'm glad I did though because those suckers fell shortly after. I am interested in trading the bigger swings in FX.Ignored