G/J:
For those who missed the train looking at the chart and wondering what to do next
For those who missed the train looking at the chart and wondering what to do next
Cot - Report in application to the Forex 2 replies
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Fundamental Analysis - Trade Ideas 2 replies
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COT report 1 reply
DislikedThanks for the clarification! but one thing I dont understand why would japan not want their currency to get stronger...?? my understanding to this is since japan relies heavily on their exports so a stronger yen means less money coming into the country or something like that..?? right..? I dont knw if that sounds stupid or what not so again m a newbie
MahsamIgnored
DislikedG/J:
For those who missed the train looking at the chart and wondering what to do nextIgnored
DislikedBecause they are an export oriented country, they want a weaker Yen to make their products more competitive. Every country wants a weaker currency to help them become more competitive. It's a race to the bottom.Ignored
DislikedHi Shahab,
I just wanted to ask you which primary market do you prefer to trade, LODON, TOKYO, or NY... also, when does your usual trading day start and when it ends....??
Thanks
MahsamIgnored
DislikedHi Shahab,
what would the sl for the sell limit of g/j at 130
MahsamIgnored
DislikedMahsam, You need to learn how to trade yourself and make your own decision.I' wont be much around in near future, go through my posts and look at the charts , you will get the idea where to look at and how to get a good entry, FX trading is all about your entry level.
For educational purposes I suggest you to look at these websites:
http://www.babypips.com/school/
http://www.learningmarkets.com/
It has good daily videos and the guy's analysis is very good
http://www.actionforex.com/
Look at the Action...Ignored
DislikedThanks again Shahab, sorry if I am being a bit of a nuisance, just really confused for the time being and trying to head in the right direction. I really appreciate all your help
MahsamIgnored
DislikedMahsam, I think you can find different market operating times on the Babypips website. If you go through charts with period dividing lines on them, (right click chart, select 'Properties', then 'Common', then select 'show period separator'), and then go through the big movements everyday, you will be able to see the rhythm of the market better.
In general (but not as a rule!), many big movements come in late Tokyo session, opening of Frankfurt and London, around NY open, and sometimes around NY lunch time. If you try to explore it yourself, you...Ignored
DislikedShort E/U at 1.2380, SL=1.2450
Short G/U 1.4425 SL=1.4525
Both are in good positions to short, cant post the chart atm, will do it later.Ignored
DislikedHello shahab8b.
Thanks for so good and valuable thread.
Do you play close attention to Elliot Wave analysis ?
I really like your setups and clean charts.
See ya in A/U shorts :-)Ignored
DislikedExiting my E/U short (+25), I dont like that PA.
Clouds might be right about the patternIgnored
DislikedIt seems E/U has started a major correction, the short position is about to stopped out. If r at 1.2450 doesn't hold, next stop will be around 1.2525-2600, I like the idea of shorting close to 1.2600.Ignored