DislikedI wish you all of the best, but I am Short, Short, Short, and will be adding to it if it reaches 103.42
Good luck to you.
RonIgnored
Veni, vidi, vici...
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DislikedI wish you all of the best, but I am Short, Short, Short, and will be adding to it if it reaches 103.42
Good luck to you.
RonIgnored
Dislikedso 103.42 reached.. you add short?? I thing it's bullish right now...Ignored
DislikedYep I shorted at 103.42... looks like I might have been off by 5 pips as price reached 103.47.
I'm going to have to work on that entry....
RonIgnored
Disliked...good job, bro... and you scalping or you keep trade for a while??Ignored
DislikedIt's not a double top until it goes down from the peak.
Predicting double tops will end will get u burn badly.
I see it go up more.Ignored
DislikedIt's not a double top until it goes down from the peak.
Predicting double tops will end will get u burn badly.
I see it go up more.Ignored
DislikedI was thinking than 10.60 will be resistance...and potencionally dbl top... i am a newbie... still in progress.. and what about now..should we call 103.60 as dbl top?? (price at 103.52)Ignored
DislikedI was thinking than 10.60 will be resistance...and potencionally dbl top... i am a newbie... still in progress.. and what about now..should we call 103.60 as dbl top?? (price at 103.52)Ignored
Dislikedpersonally i think it will go up higher.
Based on the H1 candle formation so far.Ignored
Dislikedso call dbl top make sence on higher TF?? (1HR and more) coz I am watching 5 min TF (for scalping)..
Thanks for your answers..Ignored
Disliked103.60 is still holding with strong resistance, higher oil prices touching 130 should be interesting to see how dow reacts. I think we are looking down to 103.25 by days end.Ignored
DislikedFirst of all if you are guessing then please srop trading FX unless you can afford to keep losing your money and other's if that is where it is coming from.
As long as Oil goes UP over $130 or near it and there is no NEW news and the Dow goes down FORGET your Charts. This is a Carry Trade Currency for the moment and it will go down. Does anyone know there is IMPORTANT energy news about inventory being released at 10:30 AM or in 25 minutes ?
If you do not know how can you really be a serious FX trader. That result could IMMEDIATELY effect the price of Oil and probably the Dow and therefore this FX currency pair.
I hope you understand why 95% lose because they either refuse to do the work needed or just do not understand or know or whatever. Then nFOMC at 2:00 PM can change things short term.
Now on to the charts that I use to trade intra day with.
Use the following;
(1) Bollinger Bands
(2) EMA (Expodential Moving Average)
(3) Parobolic Sar
(4) MACD
(5) RSI
Run a One Minute and Five Minute Chart LIVE at ALL times. It is safer to Short if you are playing USD/JPY at the Top of the 5 Minute Chart BUT if you are GOOD you can use the 1 Minute chart.
Trade in blocks of 100K as I hads explained before. So if you want to Short 1 Position at 103.42 then you can short a 2ND one at 103.60 if it goes against you. The Trade Plan. Know the RESISTANCE and SUPPORT levels. Enter STOP LOSSES 25 PIPS above in case things change like a BULLISH FOMC or whatever FUNDAMENTAL NEW Data will chanhe things short term. Has anyone opened a Demo Account ? Am I wasting my time trying to teach when it appears some are not investing the time to study and learn ?
Regardless that is the way I see it.
Good Trading.
BruceIgnored