DislikedI am taking a short position at 131.98, will keep it over the weekend and look for how it opens on Sunday. If this pair opens lower will ride it else will closeIgnored
What's your reasoning behind this trade?
Magnus
Your own HOLY Grail (and how you know you've found it) 19 replies
Trade What You Know and Know What You Trade 4 replies
Know Yourself, Know Your Setup, by Boris Schlossberg 9 replies
dont fall in love with your daily return 11 replies
Im in love with eur/jpy! 0 replies
DislikedI am taking a short position at 131.98, will keep it over the weekend and look for how it opens on Sunday. If this pair opens lower will ride it else will closeIgnored
DislikedWelcome noblehobo (not nobleNobo then?),
I'll do my longer-term analysis over the weekend - once the bars close. See if I have findings similar to yours.
Thank you, but I merely kickstarted the thread. It's only been going a week, but we've had some great perspectives so far. May it continue...
Also, do you do as your profile states - scalping?
MagnusIgnored
DislikedInteresting trade recommendation from RM. Would be working out very well. Excellent R:R.
I'll point out here that I do not have any affiliation with Richard Morrish in any way or form.
I find his reports provide a different perspective. I think while this thread is developing it's good to have that.
Have a good weekend all...
MagnusIgnored
DislikedI wonder what kind of position size will need to be used to trade such a large rangeIgnored
DislikedHey Karun,
Love your input, but would be kind enough to post some charts too?
I get a better understanding of other peoples view, when I can see it.
Thx,
LowIgnored
DislikedThis pair reached a high of 132.33 which is near the weekly resistance of 132.80, i don't think it has enough stream today to reach that level if it does I will add short there. Plus there is some correction due on this pair, and Sunday open is good time for it. If it opens lower it tends to go down.
It will still go up after the correction is made.Ignored
DislikedNope. I have not seen any reason to them, so pointless trading something you don't understand. Trading in "normal" conditions is difficult enough.
JCIgnored
DislikedHi EURO/JPPY's..first post here..but trade euro/jpy and gbp/jpy. I see a potential Gartly fib setup on the daily chart...should if is Gartly..move down to D and then go up????Ignored
DislikedHi StarChild, welcome...
I know what Gartley patterns are but do not follow them. I stick to S/R levels, Major Fib levels, round numbers and obvious trendlines (most of the time).
Perhaps someone else can comment.
Keep us updated as it unfolds StarChild.
MagnusIgnored
DislikedHi magnus..thanks for the welcome...I am new to these fib patterns also..as I understand this is a fib pattern. We are at the C position. If if price action goes north is not a gartly setup..if price moves down we could expect it to go to the D area. These are fib areas.Ignored
“For 2007, it seems that the Dow and the EUR/JPY have a Correlation Coefficient of 83%."-Rob Booker”