possible counter trend for USD/JPY has started. Any1 catch on this move?
Although, the strong down trend still in play, I wonder any1 go LONG?
Although, the strong down trend still in play, I wonder any1 go LONG?
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Dislikedpossible counter trend for USD/JPY has started. Any1 catch on this move?
Although, the strong down trend still in play, I wonder any1 go LONG?Ignored
DislikedI was reading my notes regarding my plans for the beginning of this week.
I had made the call for the short in the cable, IF there was a TC signal in MACD. MACD gave it with the long spike down (after painting a green bar that might have been a RB). Looking at the 1 hr chart, I would probably not have taken the RB signal, but would have gone for the TC (which was the correct one). BUT I thought that after such a long fall the trend was momentarily exhausted and decided to wait for a correction.
The same thing happened with the Euro/us. I didn't see what PALMER in his excellent analysis saw. So I stayed in the sidelines.
So during the whole night I saw pips passing by, and I was not there to catch them!!!! So I start my week with frustration.
Just a note to release some vapor.
Have a great week everybody!!!Ignored
DislikedI was reading my notes regarding my plans for the beginning of this week.
I had made the call for the short in the cable, IF there was a TC signal in MACD. MACD gave it with the long spike down (after painting a green bar that might have been a RB). Looking at the 1 hr chart, I would probably not have taken the RB signal, but would have gone for the TC (which was the correct one). BUT I thought that after such a long fall the trend was momentarily exhausted and decided to wait for a correction.
The same thing happened with the Euro/us. I didn't see what PALMER in his excellent analysis saw. So I stayed in the sidelines.
So during the whole night I saw pips passing by, and I was not there to catch them!!!! So I start my week with frustration.
Just a note to release some vapor.
Have a great week everybody!!!Ignored
DislikedI do the same thing Alcastro, let hope we have a better week but at least we didnt loose any pipsIgnored
DislikedYippeee!!!! We ARE off to a good start!!!!!
ps...i didn't enter either, hope my reply didn't sound sarcastic...wasn't meant too...cuz all three of us watched w/o entry, which makes us good traders for not chasing!Ignored
Dislikedthanks for the encouragement pips4uandme, but even more frustrating because its still falling, dang itIgnored
DislikedO'Zeeke, one of the most important rules I learned, is to never regret passed opportunities, but to learn from them. It is always easier to tell yourself after looking at charts, what should or should not have been done, but you always say that because you see how the price developed.
It is important to see what happend and wait for next oportunity.
EndyIgnored
DislikedI hope my analysis last week re EURO inside tops (aka nesting dolls helped to establish short positions in time). MACD signal supported the move. Nesting dolls have just demonstrated their strength. I suggest to be nicer with them next time, he-he. And by the way, my usd/jpy pair is moving as per my wish.
Ignored
DislikedLong GBPUSD at 1.9244
Stop at 1.9200
Target #1 1.9323
BE: 1.9262
Trade entered at 15:01 GMT
Reasons: RB forming on 4 hour w/confirmation from 1 hour
Bullish Engulfing candle on 1 hour (4 hour candle not closed yet).Ignored