HAZZ, good to see you are doing well. Perhaps you could post a chart and discuss what indicators your are finding useful.
Ignored
hey trade, im using a system tha ti got for U$ 300 to find the trend. then im using S,R and fibos to take profit and reopen the order following the trend, is working pretty well. i closed another long but this time at 228 (30pips), if it retrace to 227.65 i will reopen the long this time with TP 228.20 and SL 227.50 again.
also i got another order at 228.50 SL 227.50 and TP 229.48
dont follow it dude, this one got a big SL cuz if it break the 228.40 resistance we may see it going to 50% fibo, but its just my bet .i will tell you how it works if we get there.
also i got another order at 228.50 SL 227.50 and TP 229.48
dont follow it dude, this one got a big SL cuz if it break the 228.40 resistance we may see it going to 50% fibo, but its just my bet .i will tell you how it works if we get there.
Ignored
Hazz
If you dont mind helping somewhat newb out....any particular reason for the spike this morning?....I mean it was ranging around 226 all night and couldn't break 227 but gbp had bad #'s for their 2 market news this morning...
this is one analysis that i read before USD news( this morning )that will explain the situation.
"Attention is now on the US non-farm payroll release. Expectations revolve around a rise of 95-100K. The market looks to be leaning towards a weaker number. If the number proves to be as expected or stronger, USD/JPY could get a boost, shoring up sentiment in other JPY pairs"
since it come better then expected G/J and E/J just followed u/j.
also theres alot of people talking that carry trades are comming back so this baby is probably going up again. ALOT (just my bet based one analysis) anyway i just trade based on indicators not on my own bets,hehe
this is one analysis that i read before USD news( this morning )that will explain the situation.
"Attention is now on the US non-farm payroll release. Expectations revolve around a rise of 95-100K. The market looks to be leaning towards a weaker number. If the number proves to be as expected or stronger, USD/JPY could get a boost, shoring up sentiment in other JPY pairs"
since it come better then expected G/J and E/J just followed u/j.
also theres alot of people talking that carry trades are comming back so this baby is probably going up again. ALOT (just my bet based one analysis) anyway i just trade based on indicators not on my own bets,hehe
sorry for my crap english.
Ignored
thx....I wasn't thinking about the big picture the last couple of weeks is throwing me off big time....g'luck with your current order its good to hear carry traders are coming back thats what I was doing previously prior to the crash couple of weeks ago...
this is one analysis that i read before USD news( this morning )that will explain the situation.
"Attention is now on the US non-farm payroll release. Expectations revolve around a rise of 95-100K. The market looks to be leaning towards a weaker number. If the number proves to be as expected or stronger, USD/JPY could get a boost, shoring up sentiment in other JPY pairs"
since it come better then expected G/J and E/J just followed u/j.
also theres alot of people talking that carry trades are comming back so this baby is probably going up again. ALOT (just my bet based one analysis) anyway i just trade based on indicators not on my own bets,hehe
sorry for my crap english.
Ignored
Please explain what you meant by "also there is a lot of people talking that carry trades that are comming back" - where did you come upon that information - just curious and thanks
All hard work brings a profit, but mere talk leads only to poverty.
