We could be seeing a breakout of the falling channel.
- #16,482
- Jun 15, 2010 11:56am Jun 15, 2010 11:56am
- Joined Nov 2009 | Status: Thx G, Malc, D55, Fontu & Hatch | 3,196 Posts
if I'm wrong, I'll settle this short and to recover the damage (I will leverage more!)
If you're wrong then you're WRONG! In this business I would get my losses and figure out what I'm going wrong, NOT overleverage and keep up with the same bad habits..
This should go without saying
- #16,483
- Jun 15, 2010 12:16pm Jun 15, 2010 12:16pm
hey guys, I need some help...
I never traded seriously this pair, and yesterday I went long @ 91.60 with TP on 91.90, using a Fibo retracement.
But, as you can see, I was wrong and now Im want to know the better way to escape this situation. You guys believe in a bullish trend soon, or will keep falling? Close and sell to take the money back or wait at least until 91.60?
Currently, I'm long from 91.22. I'm most likely going to end up taking profit if it goes back in the 91.60s.
My advice is that if you're unsure about a trade, don't take it. You always need to answer the WHY before pressing the button. If you're very confused, think about getting out and taking a small loss.
From what I've seen lately, I think it has a chance for the 91.60 area (maybe even pressing 92 again). But it could also retreat back under 91 (which is the holding point of late).
Looking at 15 min chart, we could end up range trading from about 90.80 - 91.60. While my initial TP was higher, I'm now looking to get out above 91.50. If I see 91.55, my stop goes in and I'll take profit or see if it runs. From there, I'll wait to see if the range holds up or we break one way or the other.
Put it this way, I see how it could touch 92 again and a whole lot of ways we could see sub 91.
To reiterate, from June 6, we've been in a range.
Keep in mind, I'm newer to this pair. Just talking here.
Only expectation matters . . .
Patience has limits! This currency pair is playing seesaw, up and down, but looking at the daily chart, the next two weeks, the triangle will close, will be the limit for taking a course!
http://forexforums.dailyfx.com/attac...-analyst-2.jpg
http://forexforums.dailyfx.com/attac...-analyst-2.jpg
- #16,489
- Jun 16, 2010 6:37pm Jun 16, 2010 6:37pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Those Asians can be patient for years and years.
Doing what you like is Freedom. Liking what you do is Happiness.
one more day and we are without direction! ! ! I'm out of patience ....
and it worthed ...
interesting and mysterious
waiting for the triangle to form, looks like a thriller!
http://www.dailyfx.com/export/story-...1727798585.gif
waiting for the triangle to form, looks like a thriller!
http://www.dailyfx.com/export/story-...1727798585.gif
- #16,496
- Jun 18, 2010 4:26am Jun 18, 2010 4:26am
- 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.
- #16,499
- Jun 18, 2010 4:55am Jun 18, 2010 4:55am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
What?????????????????????????/
Still Short on my USD/JPY pair.
Doing what you like is Freedom. Liking what you do is Happiness.