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USD/JPY Discussion

  • #67,881
  • Aug 7, 2017 12:16pm Aug 7, 2017 12:16pm
Quoting monifa
Hi guys I am Monifa from Trinidad and Tobago. The Caribbean. I recently heard about Forex and started trading very small.
Keep doing that. Trade small. Learn, learn, learn. Then learn some more. But to disagree slightly with others forget about demo - other than learning how that particular charting/order entry software works. Demo trading is fantasy. Fun but meaningless.
  • #67,882
  • Aug 7, 2017 1:26pm Aug 7, 2017 1:26pm
Quoting SunTrader
{quote} Keep doing that. Trade small. Learn, learn, learn. Then learn some more. But to disagree slightly with others forget about demo - other than learning how that particular charting/order entry software works. Demo trading is fantasy. Fun but meaningless.
Agreed, you are better of starting on micro lots and test the waters there because the feeling of a demo is by no means the same as real account. Also try the micro lot management for 1 year for some good experience and fluctuation
  • #67,883
  • Aug 7, 2017 1:39pm Aug 7, 2017 1:39pm
Thanks alot for the advice.
  • #67,884
  • Aug 7, 2017 2:58pm Aug 7, 2017 2:58pm
Quoting monifa
Thanks alot for the advice.
Mate, welcome here .
Personal advise : 3 years minimum for demo perhaps 5 . If successfull in demo than you may consider real

My best wishes for success.

  • #67,885
  • Aug 7, 2017 3:06pm Aug 7, 2017 3:06pm
Hello mate! The first rule you may keep in mind is: Only trade what you can afford to lose. A second rule that is related to the first is: Trade in such a manner to have much of your trading account long enough for you to you become a competent, profitable trader.

Trade safe and prosper.

KP

Quoting monifa
Hi guys I am Monifa from Trinidad and Tobago. The Caribbean. I recently heard about Forex and started trading very small.
Do your homework, follow the footprints of smart money
  • #67,886
  • Aug 7, 2017 7:26pm Aug 7, 2017 7:26pm
Quoting nesta
{quote} SL:111.055
h4
Attached Image (click to enlarge)
Click to Enlarge Name: h4.png Size: 39 KB
if you my trade,My-post analysis, subscribed to ME
  • #67,887
  • Aug 7, 2017 8:49pm Aug 7, 2017 8:49pm
Hi guys, it's me again. I took the loss and re-entry with new orders. waiting for 111.000.
Seem like today gonna be rough ^^
Attached Image (click to enlarge)
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  • #67,888
  • Aug 7, 2017 8:53pm Aug 7, 2017 8:53pm
Quoting nesta
{quote} h4 {image}
  • #67,889
  • Aug 7, 2017 8:56pm Aug 7, 2017 8:56pm
around 110.560 is Weekly Resistance... If it is trespassed, then we can go lower
  • #67,890
  • Aug 7, 2017 9:30pm Aug 7, 2017 9:30pm
Quoting phokienhuy
Hi guys, it's me again. I took the loss and re-entry with new orders. waiting for 111.000. Seem like today gonna be rough ^^ {image}
hopefully...
Attached Image (click to enlarge)
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  • #67,891
  • Aug 7, 2017 10:00pm Aug 7, 2017 10:00pm
Quoting NagaMas
{quote} hopefully... {image}
Can you explain your graph to me? How can you calculate those lines?
  • #67,892
  • Aug 7, 2017 10:35pm Aug 7, 2017 10:35pm
Quoting phokienhuy
{quote} Can you explain your graph to me? How can you calculate those lines?
It's self explained. It's the basics of charting. What do you want me to explain further?
  • #67,893
  • Aug 7, 2017 11:24pm Aug 7, 2017 11:24pm
Quoting NagaMas
{quote} It's self explained. It's the basics of charting. What do you want me to explain further?
I did some research and understand now. thank you for your chart.
  • #67,894
  • Aug 7, 2017 11:43pm Aug 7, 2017 11:43pm
Quoting NagaMas
{quote} hopefully... {image}
Do you thing its wise to close my order and do some buy? I still hold my selling order from yesterday. This is an interesting chart for sure. It looks like to change trend to bullish in high timeframe..
  • #67,895
  • Aug 7, 2017 11:56pm Aug 7, 2017 11:56pm
Quoting phokienhuy
{quote} I did some research and understand now. thank you for your chart.
I found out other support zone, many possibilities, what we can do is observing the price action around the support/resistance zone


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot - 08_08_2017 , 11_53_33.png Size: 29 KB



you may find wherein your SL should be placed.
  • #67,896
  • Aug 7, 2017 11:57pm Aug 7, 2017 11:57pm
Quoting NagaMas
{quote} hopefully... {image}
uj might go 10 pips lower to 110.10 but it will go up above 110.8
I need the magic ball
  • #67,897
  • Aug 8, 2017 12:08am Aug 8, 2017 12:08am
Quoting stars1985
{quote} uj might go 10 pips lower to 110.10 but it will go up above 110.8
could be something like this

Attached Image (click to enlarge)
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  • #67,898
  • Aug 8, 2017 12:17am Aug 8, 2017 12:17am
Quoting monifa
Hi guys I am Monifa from Trinidad and Tobago. The Caribbean. I recently heard about Forex and started trading very small.
Hi Monifa, I am quite new in Forex too. I am trading in very small lots and for the past two and a half months I have not closed any negative but have at least closed US$2K + positive. I trade conservatively. You can do both actual Forex and Demo - It was a big help for me at the start as the demo trading served a my guide. Goodluck with your trading. Most of the guys here are amazing and will give you really good insights.
  • #67,899
  • Aug 8, 2017 1:36am Aug 8, 2017 1:36am
For me been sold since last Friday (4/8/17). 110.50/80 has been a strong resistance area. Next target is support zone 109.10-108.90 on the hourly charts.
  • #67,900
  • Aug 8, 2017 3:28am Aug 8, 2017 3:28am
Quoting babakeni
For me been sold since last Friday (4/8/17). 110.50/80 has been a strong resistance area. Next target is support zone 109.10-108.90 on the hourly charts.

110.520 is Weekly Central Pivot for this week.
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