Alternatives are more important than the plan itself
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DislikedChicky, are you planning to trade the USD/JPY. Since the Euro has started weaken, the Yen became more and more strong. This has a dragging effect on the Japan economy, we can see that this week, they had a negative Current account, Tomorrow Japan will have a monetary statement.
I personally thing that its very probable that they will at least talk of new measure to weaken The Yen. what do you think, are you also on this ??Ignored
DislikedMy target is little above 1.1800. If it gets there will look for a reversal.
Added some more, the postion now is 2.7 lots. The next margin call will leave a balance of $3,378, that will be $400 profit.Ignored
DislikedOperating at 3 lot capacity. Margin Call will leave a balance of $3,700+, that will be $800 profit.Ignored
DislikedLooks like we have a perfect triangle on Silver. Chick, if Jesse was alive, do you think He would jump in this trade ??Ignored
DislikedMelo, I think we are nearing a trend exhuastion. If Jesse was alive he would have closed his short position (killing) leaving last few pips for others.
He normally waited for confirmation before entering in new direction. Therefore he would have either waited or entered a very small long testing trade.
Debating if I should follow Jesse's thinking, but not decisive yet.Ignored
DislikedMelo, I think we are nearing a trend exhaustion. If Jesse was alive he would have closed his short position (killing) leaving last few pips for others.
He normally waited for confirmation before entering in new direction. Therefore he would have either waited or entered a very small long testing trade.
Debating if I should follow Jesse's thinking, but not decisive yet.Ignored
DislikedReversed the direction. I think we are near trend exhaustion or a major retrace.Ignored
DislikedPlaced as much margin allowed. Total position 1.7 lots. Want to bring it to at least 4 lots and then wait until everything goes in Euro's favor and against USD.Ignored
DislikedPlaced as much margin allowed. Total position 1.7 lots. Want to bring it to at least 4 lots and then wait until everything goes in Euro's favor and against USD.Ignored
DislikedDone.
Now a long wait.
4th Margin Call will leave $4,900 in the account.Ignored