What do you make of this signal on USD/JPY?
I didn't take it because I thought the Guppy were too expanded and that with the ADP Non Farm figures due in 10 Minutes it could take it the wrong way.
Right decesion or Am I being too cautious?
Thanks
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DislikedIf something like scenario I draw on chart occur, and if signal for long occur somewhere near arrow I draw and if someone enter a long trade, I would recommend to not expect that price could go above level of 1,2585+-5 pips. This is strong resistance and beter is to trade long above that level.
We will see what is going to happen....????Ignored
DislikedWould you get in if it broke that level and gave a long signal? Yes of course.
To me it seems like the trade is against the major long term trend?
Yes it is but is good level.
It is only today that EUR has gained on the USD otherwise it has been a long term downward trend?
That is why I put that chart, if long signal occur people pay atention.
Cheers http://www.forexfactory.com/images/icons/icon14.gifIgnored
DislikedThat is why I put that chart, if long signal occur people pay atention.Ignored
Dislikedwell, resistance is no longer resistance.......Apologize to everyone who listened me and did not take long signal.......Ignored
DislikedYes as always the trade I took didn't work out find attached GBP/USD.
Reason I took this trade: Long term trend agrees, Good Signal?, Guppy Compressed, Downward Movement before signal. UK interest rate down?
Any explanation why this went wrongIgnored
DislikedEUR/USD and USD/CHF.
Am I just bad undergoing bad luck at the moment or am I missing something. At the Moment do exactly the opposite to what I do and you will be Profitable in your trading! HaIgnored
DislikedHi Pipinaintez,
I am trading few days and understand your frustration. I´ve lost money, but now I started to recover this lost. My mistake was that I was trying to enter trade almost at any cost and it resulted into losses. Now I am really thinking twice before I enter. I think today was quite volatile day on all pairs, only U/Y and E/Y showed some trend (short). All other pairs were just dancing (Plus resist / support lines were close) and this system needs trend to give good signals. So, I am trying to relax and maybe miss some trades rather than...Ignored
DislikedThanks Nicotine but.....
1 Hour Chart had a general downward trend and also gave a signal. Granted it is not the best but a signal nevertheless?????
Sorry about the messy chart just pay attention to signal at 14.00.
CheersIgnored