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  • #3,601
  • Jul 19, 2010 6:14am Jul 19, 2010 6:14am
Quoting Petar_Serbia
Hello Dragan,

For sure you will learn but for Forex you need patiance,your time,discpline and firsting first Knowlage..Read some books about Forex,also about Money Menagement,use google if you cant find i will upload you...



Cheers and happy trading

Petar
Hi Mr. Petar Serbia,
Could you please recommend me book about Forex.
Thanks in advance.
  • #3,602
  • Jul 19, 2010 8:42am Jul 19, 2010 8:42am
Quoting Petar_Serbia
For sure you will learn but for Forex you need patiance,your time,discpline and firsting first Knowlage..Read some books about Forex,also about Money Menagement,use google if you cant find i will upload you...
Petar
I have found many interesting books and read them. Realize how big this subject is, and how many time, effort, patiance, knowladge is necessary. For bigginers is very important to see real traders in action, to make connection of theory with practice, and this forum and tread is big benefit.
  • #3,603
  • Jul 19, 2010 9:06am Jul 19, 2010 9:06am
Quoting insomnia_76
Hi Mr. Petar Serbia,
Could you please recommend me book about Forex.
Thanks in advance.
Yes of course, i will give you first book about MM and than i will upload you book about Technical analsy...



Here it is >

http://www.filestube.com/a340eeb26a6276ce03e9/go.html


Enjoy and happy learning
"Buy on fear, sell on greed !!!
  • #3,604
  • Jul 19, 2010 10:15am Jul 19, 2010 10:15am
Short 112.57
limit order @ 109.00
stop order @ 113.50
risk: 93 pips
potential reward: 357 pips

The reason for this trade is the strong resistance that the EUR/JPY has at 113 and the channel that has formed. Additionally, the YEN currency pairs are highly correlated to the equity markets which I expect to go lower in the short term. The S&P 500 bounced off of the 200 day moving average and downward trendline. I expect the EUR/JPY to drift towards the bottom of its range which is 107. However, I am looking to take profit 200 pips early because of the Europe bank stress tests released friday. Attached I have the hourly chart and daily chart to show the resistance at 113.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpydaily.png Size: 54 KB
Click to Enlarge Name: eurjpyhour.png Size: 63 KB
  • #3,605
  • Jul 19, 2010 10:30am Jul 19, 2010 10:30am
Quoting Petar_Serbia
Yes of course, i will give you first book about MM and than i will upload you book about Technical analsy...



Here it is >

http://www.filestube.com/a340eeb26a6276ce03e9/go.html


Enjoy and happy learning
I have just downloaded it, Thanks again.
  • #3,606
  • Jul 19, 2010 10:46am Jul 19, 2010 10:46am
Quoting Maxsmart
Short 112.57
limit order @ 109.00
stop order @ 113.50
risk: 93 pips
potential reward: 357 pips

The reason for this trade is the strong...
Hmm be carefull my friend,

You work trendlines and for trendlines you must have good knowloage to draw coreclty for example i will post you chart for buy and also you can see my posted chart on Weekly and H4....I just gave you advice of course you trade what you see


Look chart >
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyknow.gif Size: 19 KB
"Buy on fear, sell on greed !!!
  • #3,607
  • Jul 19, 2010 11:44am Jul 19, 2010 11:44am
Quoting Petar_Serbia
Hmm be carefull my friend,

You work trendlines and for trendlines you must have good knowloage to draw coreclty for example i will post you chart for buy and also you can see my posted chart on Weekly and H4....I just gave you advice of course you trade what you see


Look chart >
You could be right 114.50 may not be out of the cards. I am cautiously short
  • #3,608
  • Jul 19, 2010 4:51pm Jul 19, 2010 4:51pm
Quoting Maxsmart
Short 112.57
limit order @ 109.00
stop order @ 113.50
risk: 93 pips
potential reward: 357 pips

The reason for this trade is the strong...
I agree if sp keeps on its path down EJ can't go up
  • #3,609
  • Jul 19, 2010 4:54pm Jul 19, 2010 4:54pm
Quoting Petar_Serbia
Hmm be carefull my friend,

You work trendlines and for trendlines you must have good knowloage to draw coreclty for example i will post you chart for buy and also you can see my posted chart on Weekly and H4....I just gave you advice of course you trade what you see


Look chart >

Well the chart there made a LL and the top only a DT to me its just a huge channel but looks more down than up. If we got a HH on this last high I would be more bullish but with sp and dow down EJ just can't go up. My 2 cents
  • #3,610
  • Jul 19, 2010 5:03pm Jul 19, 2010 5:03pm
I get the feeling that EURJPY price action is being affected by the current "reporting season". Does anyone have a reporting season calendar or know how long we should expect the reporting season to last?
  • #3,611
  • Jul 20, 2010 12:21am Jul 20, 2010 12:21am
EUR,JPY w1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUR,JPY w.gif Size: 69 KB
Click to Enlarge Name: e,j.gif Size: 78 KB
  • #3,612
  • Jul 20, 2010 8:46am Jul 20, 2010 8:46am
Pending order @ 112.30, SL 112.60, TP 110.85

I see the pair dropping now, I just think before the next 4hr candle I'll see a pull back to my pending. However, I am watching, just in case it breaks pass 111.40, then I'm short to 110.85.
Make money or go broke... its the Forex way.
  • #3,613
  • Jul 20, 2010 10:00am Jul 20, 2010 10:00am
EJ are clearly in a range now.
Strong support at both side of the range.
I would sit out EJ until things gets clearer.
  • #3,614
  • Jul 20, 2010 10:07am Jul 20, 2010 10:07am
Quoting Maxout
EJ are clearly in a range now.
Strong support at both side of the range.
I would sit out EJ until things gets clearer.
....or as I have been doing, play the range; Sell around 113 stop above 113.55 and buy around 111.50 with stops below 111.....



H
  • #3,615
  • Edited 10:35am Jul 20, 2010 10:34am | Edited 10:35am
Quoting Hazardfx
....or as I have been doing, play the range; Sell around 113 stop above 113.55 and buy around 111.50 with stops below 111.....



H
I like this guy...
Make money or go broke... its the Forex way.
  • #3,616
  • Jul 20, 2010 11:36am Jul 20, 2010 11:36am
Quoting Fxmastersclb
Pending order @ 112.30, SL 112.60, TP 110.85

I see the pair dropping now, I just think before the next 4hr candle I'll see a pull back to my pending. However, I am watching, just in case it breaks pass 111.40, then I'm short to 110.85.
I'm with you:

short @ 112.55
SL: 113.5
TP: 110.85
Use me as a contrarian indicator
  • #3,617
  • Jul 20, 2010 11:50am Jul 20, 2010 11:50am
Quoting Fxmastersclb
Pending order @ 112.30, SL 112.60, TP 110.85

I see the pair dropping now, I just think before the next 4hr candle I'll see a pull back to my pending. However, I am watching, just in case it breaks pass 111.40, then I'm short to 110.85.
I moved the SL and stayed in the trade (SL @ 112.90) and I put another trade in @ 112.70. Also, I changed my TP to 112.15
Make money or go broke... its the Forex way.
  • #3,618
  • Jul 20, 2010 12:03pm Jul 20, 2010 12:03pm
EUR/JPY at a critical decision point, in my humble opinion.

It is bound to breakout one way or the other, get a BPC on H4 or daily, then enter. I am looking forward to this.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY daily setup. triangle.gif Size: 18 KB
  • #3,619
  • Jul 20, 2010 12:32pm Jul 20, 2010 12:32pm
Quoting mrbandwidth
I'm with you:

short @ 112.55
SL: 113.5
TP: 110.85
I suspect this bitch can go up to 113 to make a beautiful H&S pattern at 30min, so I've closed at +5.

I'll load new shorts at 112.9-113 area with TP 110.85.

I'm totally convinced about the 110.85 target (reason: parabolic SAR is there and heavily populated). It's just about time.
Use me as a contrarian indicator
  • #3,620
  • Jul 20, 2010 12:36pm Jul 20, 2010 12:36pm
Quoting Mortician.
EUR/JPY at a critical decision point, in my humble opinion.

It is bound to breakout one way or the other, get a BPC on H4 or daily, then enter. I am looking forward to this.
Sorry, what do you mean with BPC?
Use me as a contrarian indicator
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