The AUDJPY is looking like a fine specimen too...
--NM
--NM
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DislikedAUDJPY appears to be a strong upside reversal candidate...actually reversal has been in progress for some days no...and right now price is holding above the support levelIgnored
DislikedI have attached what i am seeing in the AUD/USD h4/h1 short.
http://www.forexfactory.com/attachme...1&d=1265770919Ignored
DislikedThere are two set of questions here. They are written on the charts. The second question deals with the issue of consolidation right infront of your S/R level for entry within +/- 20pips...because breakout of from that consolidation may blast past your entry just enough to trigger your SL before reversing...i am curious about how you address this potential problem. Do you have a designated wide berth or breathing space between any consolidation formation and your entry? A certain minimum pips requirement? Anyways, attached are the charts/question....Ignored
DislikedIn general, if I have multiple levels, I will always take the highest/lowest one which is further away from price than the others. So here, SGD/JPY, would be 63.85. Better not participating in a trade at all, than losing on one.
Yes, I do worry about price consolidation, and right before price goes back down into price consolidation I take off 50% of my trade, that's normally anything between 20 to 40 pips, and put my stop to b/e.
hope that answers your questions.Ignored
QuoteDislikedPAULETTE:
Hi Entropy
I agree, the news is way too close and the momentum just not there
DislikedFor me the eur/cad is in a downtrend, I would not bet against that trend in the moment since it's also near the down trendline.
At least my opinionIgnored
DislikedMy trade here, short AUD/USD, resulted in a loss of -30 pips. Entry was at 1.8740. Looked like a sensible trade. Oh well, no man can capture all the fluctuations.Ignored
Dislikedon my forexfactory calendar jpy holiday starts tomorrow... hm, that is strange, so when is the jpy holiday actually?Ignored
Dislikedyou could have entered when price reached the lows of the last swing, coinciding with 61.8% fib and the test of the retracement trendline...
Just something to think of. I didn't take it since I slept, just something I noticed right now.Ignored
Dislikedon my forexfactory calendar jpy holiday starts tomorrow... hm, that is strange, so when is the jpy holiday actually?Ignored
DislikedNot sure, I have checked Thursday, no JPY banking holiday. I thought it was weird that NM and you are mentioning JPY's as potentials.
I have my FF setup to work on UK time.Ignored
DislikedNot sure, I have checked Thursday, no JPY banking holiday. I thought it was weird that NM and you are mentioning JPY's as potentials.
I have my FF setup to work on UK time.Ignored
DislikedYes, i could have re-entered at that price point. MY SL was triggered during frankfurst open. We have USD news coming up(trade balance today)...1:30pm london time......
Anyways, thanks for the thought....what is done is done, i guess.
IF you use USD est time. JPY holidays is all day today(WEDNESDAY).Ignored