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- #91,562
- Oct 29, 2025 3:15am Oct 29, 2025 3:15am
- Joined Jun 2024 | Status: Still Learning | 2,904 Posts
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- #91,563
- Oct 29, 2025 3:59am Oct 29, 2025 3:59am
- Joined Jan 2015 | Status: Trader | 5,146 Posts
{quote} Truer words have never been spoken, in my very short time trading I find I am plagued by this last part everyday - "..how far". Dare I say, I can reliably know (in the short term, ie, hours) which way price is going (up or down) but not how far and not whether it will move cleanly or jump back and forth (back below my entry or my stoploss). Being so green it's a bold statement to say I can reliably know (most) directions and yes I cannot reliably know my most hated direction - sideways but as someone else said viewing the charts/markets...
- #91,566
- Edited 12:20pm Oct 29, 2025 11:48am | Edited 12:20pm
- Joined Jun 2025 | Status: Trader | 236 Posts
{quote} Me tooI went long at the exact same price aswell. Do you mind if I ask where abouts you put your stoploss? Mine was 115 points below (so pretty much 151.955-ish). But since its now moved > 115 points in favor my SL is at BE.
There can be big fluctuation during/after FED, first down 100-150 pips (I mean to 150.50-151.00) and then up is quite possible (but, so far in the day, UJ is going good for bulls). I don't want to influence your existing trade or give any advice, just some thoughts
. It is your risk and decision. Good luck! 
- #91,567
- Oct 29, 2025 12:33pm Oct 29, 2025 12:33pm
- Joined Jun 2024 | Status: Still Learning | 2,904 Posts
- #91,568
- Oct 29, 2025 12:54pm Oct 29, 2025 12:54pm
- Joined Jun 2024 | Status: Still Learning | 2,904 Posts
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{quote} I went long with Call Option (long) that expires at 7 nov (for standard call options, the price at expriy date is matter). So, no certain stoploss point for me. I close usually manually when I lose hope from the position. There can be big fluctuation during/after FED, first down 100-150 pips (I mean to 150.50-151.00) and then up is quite possible (but, so far in the day, UJ is going good for bulls). I don't want to influence your existing trade or give any advice, just some thoughts
- #91,570
- Oct 29, 2025 1:19pm Oct 29, 2025 1:19pm
- Joined Jun 2024 | Status: Still Learning | 2,904 Posts
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- #91,572
- Oct 29, 2025 1:54pm Oct 29, 2025 1:54pm
- Joined Jun 2024 | Status: Still Learning | 2,904 Posts
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- #91,577
- Oct 29, 2025 5:03pm Oct 29, 2025 5:03pm
- Joined Dec 2019 | Status: Trader | 5,600 Posts
Learn from your mistakes and march on.
{quote} I could trade another long from 152.45 to 152.90 during FED press conference. Now, I expect second round of UJ up after BOJ meeting (assuming no rate change). Until BOJ meeting, most likely we will see consolidation. After a few hours consolidation/pull back, going long again from 152.30-152.50 for 153.50-154.00 looks good idea. {image} {image} {image}
Waiting a few more hours would be safer, but it may not give better chance also.