DislikedI suspect at this point there is no stopping GBP/JPY until it actually gets to 213... I think that is a support point... and it only is a few more pips away... retrace after that perhaps...Ignored
I dream, therefore I become.
Twitch Journal - Live Journal 4 replies
Creating my Trading Plan + My Trading Journal 27 replies
Another Trading Journal - Yuhu's Journal 16 replies
My Personal journal up 18% in 2 months going to start a journal 8 replies
Azzity's Trading Journal III (Azzity's 3/30 Trading Method) 9 replies
DislikedI suspect at this point there is no stopping GBP/JPY until it actually gets to 213... I think that is a support point... and it only is a few more pips away... retrace after that perhaps...Ignored
Dislikedtake alook at aud/jpy it daily fib shows it just passing down on the 23.6 line.
this looks like it can be short candidate at this point.
But I;m not too sure.Ignored
DislikedOn the Usd/Cad, if you'll check out the hourly charts, you'll see that we are in the third wave down now and so if you plan to short, you should wait until we move back up to around the .9890's. This is all part of the first wave down on the higher timeframes. 5 waves are in the first wave. I hope that could make sense to anyone.Ignored
DislikedHey Thanks Mike. Oh and jsut so you know, check out the shorts on Usd/Cad already from the day's end. Send me a PM and tell me your thoughts on it. Also, It was good talking to you today! Best of luck in your trades.Ignored
DislikedI'll do that. I have always shyed away from the CAD because I always loose on it.... BUT, I'll give it one more try. What broker do you use for your Daily Candle closes. The FXCM or MT4. I have Alpari and the days closes at 1800 ET
Tiki...let me get some resources together and I will PM you back.Ignored
Dislikedtook the usd cad with MY system as well excellent call mike! stop set above 9902 just to make sure i dont get stopped out on a retrace.... great stuff as usual mikeIgnored
DislikedI'll do that. I have always shyed away from the CAD because I always loose on it.... BUT, I'll give it one more try. What broker do you use for your Daily Candle closes. The FXCM or MT4. I have Alpari and the days closes at 1800 ET
Tiki...let me get some resources together and I will PM you back.Ignored
DislikedAlso Mike, see how that protective stop on the gbp/jpy saved you from taking a loss?
Ladies and gentlemen, Break even trades are what it's all about. Would you rather lose nothing or even perhaps gain a few rather than lose? You live to trade another day with protective stops for your profits.Ignored
DislikedNo doubt. I got out with +18... It's not 1K pips like you but it's better than a sharp stick in the eye.
Thx Mike. Enjoyed our talk today.
MGIgnored
DislikedHi Guys,
This is what I am looking at. Not perfect but a GOOD hammer on the E/Y Daily in an apparent Uptrend on the weekly. Nice FIBS leading to the bottom of yesterdays wick.
I think this is signaling a reversal...what do the powers at be think?
MGIgnored
DislikedHi Dagoods, good stuff. Good luck to both of us then! What system are you using if you don't mind my asking? I am always open to learning something new. Thanks in advance. 9902 might be a little low as there should be at least some kind of retracement. There's a chance you could get stopped out on that.Ignored
Dislikedcome on mike you know I'm a tom demark man! lol still learning and incorporating many tools and diffrent anlysis to go with it...always learning.... but basically i try to catch the meat of the swings with tome demark TLs and Tom demark td seq 9 and 13...which i use as guides then i use PA along with MTF(mutiple time frame) stochs and MTF momentum to confirm the tl break is for real...thats how I enter...... and i usually check the fibs now also along the skunny thread line of thinking..... for exit i am still determining but i was using psar on 2 hour but i miss some good pips on the bigger moves like what just happened with gj.... i got about 250 and another 90 out of the 700 i am trying to learn to do what forexnovice does and draw a channel on big moves like that so as not to get out too early and yet protect my profits but its a tough balance..... anyway thats how i trade I also reenter on trendline acting as resistance and forcing price BACK into the main trend....Also I'm still trying to learn to scalp with precision..... but enough about me lol where do you think a good stop is then on usd/cad????Ignored