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USD/JPY Discussion

  • #79,401
  • Dec 12, 2018 2:33am Dec 12, 2018 2:33am
Quoting YellowFellow
Sold the peakout.. as visible in the chart.. SL as in image.. PS: See VSA peakout.. {image}
This didn't go quite well.. but, somehow I managed my account.. as in TE..
Meditate -> Workout -> Good Food = Good Life!
  • #79,402
  • Dec 12, 2018 3:08am Dec 12, 2018 3:08am
Quoting COGSx86
Trend break, I see hmm
I see that master, in H1.
Also in D1 price is getting into a tight spot in a pennant end. Centre line of which (pennant) is slightly below important tops at approx 113.25. Going back
wards and forwards across this line could be accumulation and with high volume under the 2018 feb-march low seems to confirm this.
Also in W1 another pennant, looks like broke W1 pennant top trend line around 11th September (ish).
Attached Image (click to enlarge)
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  • #79,403
  • Dec 12, 2018 3:47am Dec 12, 2018 3:47am
Rangebound nastiness, the type that drains an account. Glad I pulled the pin 4 hours ago. Maybe tomorrow will be clearer
  • #79,404
  • Dec 12, 2018 5:10am Dec 12, 2018 5:10am
sell 113.320
  • #79,405
  • Dec 12, 2018 8:01am Dec 12, 2018 8:01am
Retrying Short again.. didn't play out well yesterday..

Double Peakout on Better Volume.. as in chart att..
Attached Image
Meditate -> Workout -> Good Food = Good Life!
  • #79,406
  • Dec 12, 2018 9:28am Dec 12, 2018 9:28am
.

Sell - 113.27

SL - 113.43

.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #79,407
  • Dec 12, 2018 10:47am Dec 12, 2018 10:47am
Quoting palpite
. Sell - 113.27 SL - 113.43 .
No good yet.

.

Trade closed in 113.24

.

Pending Sell Stop in 113.15

.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #79,408
  • Dec 12, 2018 12:01pm Dec 12, 2018 12:01pm
Quoting palpite
{quote} No good yet. . Trade closed in 113.24 . Pending Sell Stop in 113.15 .
.

Trade Open in 113.15

SL - 113.30

.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #79,409
  • Dec 12, 2018 3:43pm Dec 12, 2018 3:43pm
Price now in a consolidation zone, with resistance above and not much below. 112.245 was a key area which got broke, was a short term support, now resistance. Many SLs were at this point but no longer. Next key point 113.
Attached Image (click to enlarge)
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Learn, a forex trader must, unlearn and relearn he will.
  • #79,410
  • Dec 12, 2018 4:20pm Dec 12, 2018 4:20pm
Hoping to sell from the blue rectangle in about 2 hours, which would make it a fairly standard hns pattern. If it starts the day by going south strongly my plans will need to be reassessed. Once more I have woken and seen if I'd just trusted my initial trades the day before with a bit more SL room to breathe I would still be in a trade.
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  • #79,411
  • Dec 12, 2018 4:26pm Dec 12, 2018 4:26pm
Looking at a fairly raw daily chart though, if it fails to head below 113.120ish will it be a strong buy.?? If it heads towards 113.120 now as initial direction, and rejects it, I will try buy there. I'd prefer if it went up now and rejected 113.360 so I could sell there instead. We shall see.
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  • #79,412
  • Dec 12, 2018 5:17pm Dec 12, 2018 5:17pm
How about 1hour hanging man, so many options
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  • #79,413
  • Dec 12, 2018 5:18pm Dec 12, 2018 5:18pm
Quoting COGSx86
Price now in a consolidation zone, with resistance above and not much below. 112.245 was a key area which got broke, was a short term support, now resistance. Many SLs were at this point but no longer. Next key point 113. {image}
Very good analysis. I have 1 doubt if the indicator sub-window is showing 1 breakout or if we have 1 pullback yet.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #79,414
  • Dec 12, 2018 5:44pm Dec 12, 2018 5:44pm
Quoting palpite
{quote} Very good analysis. I have 1 doubt if the indicator sub-window is showing 1 breakout or if we have 1 pullback yet.
Agreed, I do. Wait we must haha
Learn, a forex trader must, unlearn and relearn he will.
  • #79,415
  • Dec 12, 2018 5:51pm Dec 12, 2018 5:51pm
Quoting COGSx86
{quote} Agreed, I do. Wait we must haha

Hey bro i want to know if i can rebates without fullfilling any quota like pepperstone has ? Is there any good broker that will give us rebates without needing to fullfill 200lots per month quota. I talked to pepperstone and they told if i find any brokers doing that i can tell them and they might help me.
  • #79,416
  • Dec 12, 2018 6:19pm Dec 12, 2018 6:19pm
Quoting palpite
{quote} . Trade Open in 113.15 SL - 113.30 .
Loss

Quoting COGSx86
{quote} Agreed, I do. Wait we must haha
Yes, in few minutes will start the USD Index and we can see better it.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #79,417
  • Edited 7:01pm Dec 12, 2018 6:37pm | Edited 7:01pm
Hoping to snatch and grab a rejection of 100sma 15min / 50sma an m30. Risky though because if it breaks up it might run away

NB, got in and got out, it's above my TL
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  • #79,418
  • Dec 12, 2018 6:39pm Dec 12, 2018 6:39pm
Quoting hellsbells
Hoping to snatch and grab a rejection of 100sma 15min / 50sma an m30. Risky though because if it breaks up it might run away {image}
Low risk, high reward trade, if you ask me,
Learn, a forex trader must, unlearn and relearn he will.
  • #79,419
  • Dec 12, 2018 7:20pm Dec 12, 2018 7:20pm
Quoting COGSx86
{quote} Low risk, high reward trade, if you ask me,
Cost me $20, timing was bad on the hour too. I did have 2 small profit trades that I TP on as it reached up there. Really there was no reason to close them.

I need to always say " I place this trade because it has done this", not " I place this trade because I think it will do this" .

My trigger to go long was sound based on what the market had done( broken above resistance), versus my pending trade which was hoping for a rejection.
  • #79,420
  • Dec 12, 2018 7:30pm Dec 12, 2018 7:30pm
Quoting hellsbells
{quote} Cost me $20, timing was bad on the hour too. I did have 2 small profit trades that I TP on as it reached up there. Really there was no reason to close them. I need to always say " I place this trade because it has done this", not " I place this trade because I think it will do this" . My trigger to go long was sound based on what the market had done( broken above resistance), versus my pending trade which was hoping for a rejection.

Looks like your trading small i would lose so much if i make a mistake. And heck yea i do make a lot of mistakes but 1 trade is enough to offset losses and book a little bit gain. And i also agree limit orders are great you buy when u want not when market wants. I want to know your strategy mate. Do u trade breakout or reversal?
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