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  • #12,521
  • Jul 8, 2009 7:09pm Jul 8, 2009 7:09pm
Hi Everyone.

Can anyone please tell what was wrong with USD/JPY LONG 95.500 S/L 95.30 ??
I put on this trade because i thought this area to be a strong support and hoped price will jump right off it. It didnt as we all can see and am wondering was it a news that did this or it was not a support area in first place.

Any help much appreciated.

Sunny
  • #12,522
  • Jul 8, 2009 7:18pm Jul 8, 2009 7:18pm
When did you place this trade, Sunny?

SR
  • #12,523
  • Edited 7:54pm Jul 8, 2009 7:44pm | Edited 7:54pm
Quoting seattlerust
When did you place this trade, Sunny?

SR
yesterday 17:21 (GMT + 1) Between those two vertical lines.

I m in Australia , hence i quoted that time which is default in my MT4.

thanks
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  • #12,524
  • Jul 8, 2009 9:56pm Jul 8, 2009 9:56pm
Sunny, I am sorry, but something doesn't add up. You said you traded long at 95.50 but between the lines that you show on your 4H chart, price is nowhere near that level. Please resend info and please use a 1 Hour chart which is the same on any time zone. I will be happy to look at the trade then.

SR
  • #12,525
  • Jul 8, 2009 10:25pm Jul 8, 2009 10:25pm
seattlerust,
i noticed that early on too.
I believe it was not triggered. as mentioned in his post.
so it's a buy stop probably.
  • #12,526
  • Jul 8, 2009 10:29pm Jul 8, 2009 10:29pm
Ok, thanks supreme. I'll just go to bed then and wait him out. If it clarifies, then we shall see.

Hope all is well with you.

SR
  • #12,527
  • Jul 8, 2009 11:04pm Jul 8, 2009 11:04pm
Quoting seattlerust
Sunny, I am sorry, but something doesn't add up. You said you traded long at 95.50 but between the lines that you show on your 4H chart, price is nowhere near that level. Please resend info and please use a 1 Hour chart which is the same on any time zone. I will be happy to look at the trade then.

SR
Oh i m sorry mate, i used those lines to mark a day before...
now here is the 1 H chart with lines marking 1700 and 1800.

the trade got triggered at 17:21 and stop hit at 17:22

thanks.
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  • #12,528
  • Jul 9, 2009 1:50am Jul 9, 2009 1:50am
Quoting baggermatsch
usd/jpy looks good for a long here.

92.12, target +100, sl below low (-35).

im learning, pls do not trade my posts


as im said, u must trade it...

a green awake, is a good morning.
  • #12,529
  • Jul 9, 2009 2:52am Jul 9, 2009 2:52am
Clean trendline breakout. Currently +43 pips and counting
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  • #12,530
  • Edited 3:13am Jul 9, 2009 2:53am | Edited 3:13am
+48 pips and counting

Update: Closed for +60 pips.
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  • #12,531
  • Jul 9, 2009 3:12am Jul 9, 2009 3:12am
Here is what I will most likley be taking

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  • #12,532
  • Jul 9, 2009 3:17am Jul 9, 2009 3:17am
EU is near a Trend Line. If there's a sign of bounce, gonna short it.
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  • #12,533
  • Edited 4:58am Jul 9, 2009 4:45am | Edited 4:58am
Quoting Hwd
Baggermatsch,

...

Stack up on confluence and you will have a really great chance of winning at least 30 pips each time you trade. Just do your homework on the pivot levels and long term Fibs coinciding with proven S&R. Such a confluence provides killer trades!
thanks for ur explanations and tips.

my brain smokes like a chimney about S&R, at work, at my charts, before sleeping, under the shower.. i think im so near to success. i really smell it already.

its really great to see ur post, because thats near similiar to the results of my brainstorming all day about S&R.

my first results are +130 in GU and +100 in UJ (both long!) with small stops (r:r -> 2,5:1 and higher) on such confluence levels. EU makes -40.
i hope its going on this way and i can improve my skills.
  • #12,534
  • Jul 9, 2009 4:54am Jul 9, 2009 4:54am
Quoting Shermenator
Here is what I will most likley be taking

Attachment

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  • #12,535
  • Jul 9, 2009 5:38am Jul 9, 2009 5:38am
Sell EU

Hi, frenz wat u think about this?
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STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
  • #12,536
  • Jul 9, 2009 6:15am Jul 9, 2009 6:15am
Currently short

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  • #12,537
  • Jul 9, 2009 12:50pm Jul 9, 2009 12:50pm
Quoting Shermenator
Currently short

Attachment
What do you make of all that Sherm? Just no market agreement at that level...?

I also had GBP/USD 1.6325 on my list to short.

1.6425 is next for shorts on this pair.
  • #12,538
  • Jul 9, 2009 1:31pm Jul 9, 2009 1:31pm
Quoting sam0182
What do you make of all that Sherm? Just no market agreement at that level...?

I also had GBP/USD 1.6325 on my list to short.

1.6425 is next for shorts on this pair.
Return to risk appetite as Japan announces further backing for dollar as global reserve currency.

Ad hoc news reports being used as a catalyst to fulfill specific existing agendas.
  • #12,539
  • Jul 9, 2009 11:36pm Jul 9, 2009 11:36pm
Hi all,

I notice that option expiration day has been discussed in this thread. However, I cannot conclude what particular thing I have to be careful if I trade intraday on that day.

If you have any experiences/remarks about intraday trading on expiration day, please share with me.

many thanks,

kk
  • #12,540
  • Jul 10, 2009 3:04am Jul 10, 2009 3:04am
what do you guys think of GBP/USD. I think its near support and also near pivot and seems to be holding this level.

thinking of going long at 1.6275
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