Targets achieved on the longs taken yesterday of Gbp/Jpy and Usd/jpy
Divergence and hidden Divergence 122 replies
Extracting Historical Prices but only certain Candle Sticks 0 replies
The Market Explained by candle sticks and price action 124 replies
High's and Lows of Candle Sticks 7 replies
DislikedGbpjpy also showing a hidden divergence on H1 and constuction pmi is 15 mins away.. But the downwards momentum os still strong imo.Ignored
Dislikedhave you entered long or short and off what time frame? I don't see anything that makes me want to risk my moneyIgnored
DislikedI set my stop loss at .87, around 40pips from my entry. Thought if the price breaks there its hard to go back up.
Edit: 1 pip from stoploss. Price will touch it eventually. Ah well lesson learned, dont bloody gamble on forex..Ignored
Dislikedtrue, just trade with the rules after all its hard earned money mateIgnored
DislikedYeah.. Need to be more discipline after this. Anyway just curious, why is it when usd getting stronger, yen is going down?Ignored
DislikedIf the USD gets stronger, everything else that is paired with it gets weaker
For example if you look at USDJPY, then if traders start demanding USD and going long on USDJPY, then that means they are buying USD and selling JPY. This may have a ripple effect on EURJPY and then possibly GPBJPY, and so on. That is why when you enter any trade you do not want to enter multiple correlated pair trades since you would be increasing your exposure and thereby increasing your risk. Because very likely, as you will notice that if a trade fails on...Ignored