Traders, who before said that U/J will go up, next time can look at strong day trend and see that it is going down and Japan have better news than USA.
- #15,643
- May 21, 2010 4:54am May 21, 2010 4:54am
- | Joined Aug 2008 | Status: great minds discuss ideas | 118 Posts
So you are favorable to short???
with the knife falling, do you really want to catch the knife in mid-air??
Bought @ 89.30 TP @ 89.80 ! Lucky again !
Will today will return to 90.xx price level ?
What is your opinion for next week?
Sorry, many questions, but I am new in Forex, and realized you know what does! I am following your comments!
Thank you and good business!
- #15,649
- May 21, 2010 9:47pm May 21, 2010 9:47pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #15,650
- May 21, 2010 9:51pm May 21, 2010 9:51pm
Good plan....that's along the line I'm thinkng too. If this flag breaks down (like it's supposed to do!!), we may see even lower than 88, but if you can stand a drawdown of upto 300 pips you'll be fine. It's impossible to pick a bottom, and it's stupid trying to, but I may enter a small position at 88 and add to it as we go down, or up as the case may be. My first TP would be 94.7 and depending on what happens there, I'll either keep the rest and aim for 100, or else cash it all in if the PA looks like going down again.
Of course I'm assuming...
- #15,651
- May 21, 2010 10:06pm May 21, 2010 10:06pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
My sentiment's exact. Good luck for both of us!
Doing what you like is Freedom. Liking what you do is Happiness.
- #15,653
- May 22, 2010 6:15pm May 22, 2010 6:15pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,361 Posts
When life gives you lemons, make lemonade
- #15,654
- May 22, 2010 6:31pm May 22, 2010 6:31pm
- Joined Nov 2009 | Status: Thx G, Malc, D55, Fontu & Hatch | 3,196 Posts
everyone who plays long on USDJPY now is a fool
- #15,656
- May 23, 2010 12:21am May 23, 2010 12:21am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
everyone who plays long on USDJPY now is a fool
Doing what you like is Freedom. Liking what you do is Happiness.
- #15,657
- May 23, 2010 1:40am May 23, 2010 1:40am
- Joined Mar 2008 | Status: Fooled by randomness | 8,361 Posts
no body fools, long or short as long as profitable, why not........???
anything can happen right? well let see, i believe all of you who short this pair will get his profit. and i believe also all off you that long this pair(like me) will get the profit also. all depend on the strategy, the risk management, money management and our psychological play...
no body fools
Generalization is a big mistake, i go with relativity. You could have said, people have different degrees of stupidity. When you say nobody is a fool, it is like saying everyone has an IQ of 135 and above...
long or short as long as profitable, why not........???
Because you should trade what you see, and trading long now will mean you are blind
anything can happen right?
Yes anything can happen, let me submit my resignation and leave my job because i might win the lotto someday heheheheh
well let see
Trade what you see now because later is too late
i believe all of you who short this pair will get his profit
Only 5% or traders are profitable
and i believe also all off you that long this pair(like me) will get the profit also
95% of traders are losers
all depend on the strategy, the risk management, money management and our psychological play
Actually that is the only right thing you said, but if you are going long now then you are not applying good rules on what you said...
When life gives you lemons, make lemonade
- #15,658
- May 23, 2010 2:14am May 23, 2010 2:14am
- Joined Nov 2009 | Status: Thx G, Malc, D55, Fontu & Hatch | 3,196 Posts
Just out of curiosity Micho..what is your target on that short? Are you talking long, medium or short term? I'm long either way, it just don't look like there's much more imo, long way up though and the dollar index on the long term charts...
- #15,659
- May 23, 2010 2:19am May 23, 2010 2:19am
- Joined Mar 2008 | Status: Fooled by randomness | 8,361 Posts
When life gives you lemons, make lemonade
- #15,660
- May 23, 2010 10:18am May 23, 2010 10:18am
i will put my comments on your reply in red:
no body fools
Generalization is a big mistake, i go with relativity. You could have said, people have different degrees of stupidity. When you say nobody is a fool, it is like saying everyone has an IQ of 135 and above...
long or short as long as profitable, why not........???
Because you should trade what you see, and trading long now will mean you are blind
anything can happen right?
[b][color=Red]Yes anything can happen, let me submit...
Generalization is a big mistake, i go with relativity. You could have said, people have different degrees of stupidity. When you say nobody is a fool, it is like saying everyone has an IQ of 135 and above.. :
well not every one IQ135 above is a smart person. many case in the real world that people with low IQ is more successful then people with IQ that 135 above.
Because you should trade what you see, and trading long now will mean you are blind. :
because i can not see the trend every 5 minute, thats why i analyze it for a long term trading. i was really aware that now is a down trend, and i'm not BLIND, and all people trading here does have a normal eyes like you, i trade this pair for weeks or months maybe you trade this pair just for minute or maybe hours. so absolutely my analysis and yours should be a lot different. so why you generalize all person in this thread that put a long is "Fools" and "Blind"?many different type of strategy in trading, meybe you cannot accept that plurality.
Trade what you see now because later is too late
i trade what i see for a longer term of trade than you are, you see what happen right now that was great, but i dont have time for that so i try to see what happen next after today. anyway i can be wrong, but at least i all ready try to analyze it. and i will say that "great" for you if you can take a full potential profit from this pair, to bad i can not take a maximum profit. but at least i'm not saying anyone is "FOOLS".
95% of traders are losers
yes i believe that because that is based on a fact, and i all ready feel how to be in that situation. lucky me i can take all my money with more profit than i think. maybe you never loss money in trading, if you all ready feel how to loss a lot of money, than you will feel how to be called "Fools", and you will not like that.
geez i allready tired answering you comment. and i dont know how you can do that before
. but my analysis is just something i share in this trade for good reason, just to add people in this trade more perspective. you can read it and not accept my analysis, then just pass my post. no need to offend anybody else. and i hope i'm not offend you this time. i came here in peace...... he3 happy trading micho.anyway i'm still opening my long. and will put more long at 87.xx if this pair can reach to that level. if this pair can not reach that level and make some reverse than TP time. i'm not expecting this to come in minute, might be weeks or might be month. but at least i can sleep well now.