EUR/JPY Anytime! | Page 196 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Buy/Sell anytime and set forget 37 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

eur/usd, eur/jpy, usd/jpy average 0 replies

Does the gbp/jpy eur/jpy follow the DOW? 8 replies

Correlations- USD>JPY-DOW, EUR/JPY Follows etc 12 replies

Attachments: EUR/JPY Anytime!
Exit Attachments

EUR/JPY Anytime!

  • #3,901
  • Aug 3, 2010 10:46am Aug 3, 2010 10:46am
Quoting forexclover
Thanks bro...

Got out for- 22 pips..
Better luck tomorrow..
Sorry for your minus 22pips
But I just think that it still work like Peter said "very bullish"

Hope it will go in the right "orbit"!!!

Have a nice day!
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-04.JPG Size: 184 KB
  • #3,902
  • Aug 3, 2010 10:54am Aug 3, 2010 10:54am
Ive been demo trading for 3 years now like somekind of brain washed zombie! I just busted another live account though. When should somebody say when? im 26 now i dont want to give up and waste all my effort but i dont wanna be 50 and have busted my 29th live account what do you guys suggest. ? Im not really mad or sad about it i know the risk. I just want to make a logical decision
"Pippin aint easy"
  • #3,903
  • Aug 3, 2010 11:01am Aug 3, 2010 11:01am
Quoting Buitragojl
Ive been demo trading for 3 years now like somekind of brain washed zombie! I just busted another live account though. When should somebody say when? im 26 now i dont want to give up and waste all my effort but i dont wanna be 50 and have busted my 29th live account what do you guys suggest. ? Im not really mad or sad about it i know the risk. I just want to make a logical decision
My advice dont give up...On this buisnese you must have big knowlagde...Firsting First you must read some books about psihology for trading also about Money Menagement that is verz important.When you read these books find strategy according your personality,Smalef frame (scalper),Day trader,Weeklytrader...


I didnt lost any cent from Forex 3 years i work just gain my friend..But i spent many manz hours with books and with chart..

Cheers

Petar
"Buy on fear, sell on greed !!!
  • #3,904
  • Aug 3, 2010 11:06am Aug 3, 2010 11:06am
Quoting Buitragojl
Ive been demo trading for 3 years now like somekind of brain washed zombie! I just busted another live account though. When should somebody say when? im 26 now i dont want to give up and waste all my effort but i dont wanna be 50 and have busted my 29th live account what do you guys suggest. ? Im not really mad or sad about it i know the risk. I just want to make a logical decision
Good Money Management is the Key.

A good trader is making money even if the number of his losing trades are above 50%, a bad trader is losing money even when his losing trades are below 50%. It's really not how good you are in predicting the market, it only depends in your MM.

I know it is easier said than done. I took me years to continously make money and I still make big mistakes and don't stick to my rules.

Don't give up, you're young, some day you will make it.
  • #3,905
  • Aug 3, 2010 11:49am Aug 3, 2010 11:49am
Quoting hungle
Sorry for your minus 22pips
But I just think that it still work like Peter said "very bullish"

Hope it will go in the right "orbit"!!!
Have a nice day!
Thanks bro,,,
I got +52 pips after that loss..
Bought at 113.23 and closed at 113.75..
Chart attached..
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 20 KB
totutu
  • #3,906
  • Aug 3, 2010 2:50pm Aug 3, 2010 2:50pm
Quoting Buitragojl
Ive been demo trading for 3 years now like somekind of brain washed zombie! I just busted another live account though. When should somebody say when? im 26 now i dont want to give up and waste all my effort but i dont wanna be 50 and have busted my 29th live account what do you guys suggest. ? Im not really mad or sad about it i know the risk. I just want to make a logical decision

Have to ask some questions first.
1. Are you jumping around from system/method
2. Are you patient can you sit for 12 hrs and watch market without a trade. Trades have to come to you you can't force them.

3. Most important how is your MM.
4. If you have a system/method thats working are you going back and taking time to look at the trades that went wrong to see where it failed or you failed to follow your own rules.

5. Try to disprove that your method really works alot of traders will show the winning trades but won't see the exact same setup fail when most times its in the same pic.

6. This is to all forex is not a get rich thing it can make you a good living but the idea of having yauts and expensive cars is a pipe dream. Maybe the .5% could possibly swing it but it takes huge capital to do and they still use good MM.

heres a link maybe this can help for a while this guy is trading a live huge acc and its free for now. http://www.compassfx.com/forexsignals/

hope this helps a little just my 2 cents


One more thing its the loosers you want to study the winners don't mean anything if your strategy is solid the loosers will tell you where you went wrong
  • #3,907
  • Aug 3, 2010 5:52pm Aug 3, 2010 5:52pm
Thanks Petar, Pip, and turbo I dont think its my money management, its probably because i dont have the greatest of jobs so when i open account its only with 500$. I wont give up, what you said turbo is probably the best put on my problem with sitting on a trade for 12 hrs. i think im moving my sl to close when im in a profit and making small amounts but when im in a bad trade i leave it alone so it gets hit. I believe i need to have more BE trades so that way i can let them run to TP and not get stopped out when a winner consolidates. I read this blog every day but rarley post comments. I dont expect to get rich just expect not to have to labor in Houston Heat forever! Thanks again This is the Best thread on FF!
"Pippin aint easy"
  • #3,908
  • Aug 3, 2010 6:20pm Aug 3, 2010 6:20pm
Quoting Buitragojl
Thanks Petar, Pip, and turbo I dont think its my money management, its probably because i dont have the greatest of jobs so when i open account its only with 500$. I wont give up, what you said turbo is probably the best put on my problem with sitting on a trade for 12 hrs. i think im moving my sl to close when im in a profit and making small amounts but when im in a bad trade i leave it alone so it gets hit....
What I meant by 12 hrs is can you sit in front of a computer for 12hrs without trading. To me the actual "Holy Grail" of trading is patients, to be able to sit down and not trade. Just cause your in front of computer doesn't mean you trade. Let things come to you and your method.
with a 500 acc you should be at .01 with 50 sl to be at 1% a trade I know .01 doesn't sound like much but you still have skin in the game and will let you know if your trading ok without gambling. I don't even like to loose a 10cent trade. I just hate loosing. good luck think you can do this but theres no displacment for chart time. If you hear guys trading 1 to 2 hrs a day and making a killing it just ain't so.
  • #3,909
  • Aug 3, 2010 9:31pm Aug 3, 2010 9:31pm
I am buying from 113.17 SL 112.75 TP 115.00 probably.
See chart for the setup.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 27 KB
totutu
  • #3,910
  • Aug 3, 2010 10:34pm Aug 3, 2010 10:34pm
Good Morning Guys,

I decided to removed 113.38 resistance/support level as it had been taken out too easily this week.

MY bias is still long and i'm looking at 61.8(Last swing up) and 38.2(Last move up) to enter long.

Im still flat without a trade since monday.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 130 KB
  • #3,911
  • Aug 3, 2010 11:50pm Aug 3, 2010 11:50pm
Quoting Buitragojl
Ive been demo trading for 3 years now like somekind of brain washed zombie! I just busted another live account though. When should somebody say when? im 26 now i dont want to give up and waste all my effort but i dont wanna be 50 and have busted my 29th live account what do you guys suggest. ? Im not really mad or sad about it i know the risk. I just want to make a logical decision
Thanks for your sharing. Firstly I would suggest that you do more demos while saving for your start up capital, I feel that $500.00 will press you into using tight stop loss settings or no stop losses at all. Try and save maybe up to a minimum $1500.00 and start off by trading 1 lot up to say $2000.00 or more after which you can increase your positions by 1 lot for each additional $2000.00 you make. Remember patience and discipline are also the keywords in this game plan. Also remember to plan your trade and trade your plan. I do not recommend trading during fundamental news releases.
Have no regrets at all, instead look at your "busted accounts" as a learning experience and tuition fees that you have paid to the markets.
After many years or trials and 'busted accounts" I was surprised that I made more than 110% profit in the first 6 months on this year alone while working a full time non-financial job.
Also try and view trading as a marathon and not a sprint.
Wish you all the best.
  • #3,912
  • Aug 4, 2010 2:25am Aug 4, 2010 2:25am
Hi Peter and everyone in this wonderful thread,


I found an interesting pattern for USDJPY which is the 3 waves pattern.

The price has retraced from 161.8 fib level 3 times.

My expectation is that the price will go north in the upcoming days. The best time to enter is after formation of a reversal candle in the daily chart.



For EURJPY,

I am still bullish with you but I see a Gartley pattern in the 4hr chart.

Hopefully it will not continue down.

Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy 3 waves daily 4-8-2010.gif Size: 22 KB
Click to Enlarge Name: eurjpy 4hrs harmonic 4-8-10.gif Size: 25 KB
  • #3,913
  • Aug 4, 2010 2:48am Aug 4, 2010 2:48am
buy at this level supported by USD JPY
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 23 KB
Click to Enlarge Name: eurjpy.gif Size: 27 KB
  • #3,914
  • Aug 4, 2010 3:00am Aug 4, 2010 3:00am
Quoting Tsotsi
Thanks for your sharing. Firstly I would suggest that you do more demos while saving for your start up capital, I feel that $500.00 will press you into using tight stop loss settings or no stop losses at all. Try and save maybe up to a minimum $1500.00 and start off by trading 1 lot up to say $2000.00 or more after which you can increase your positions by 1 lot for each additional $2000.00 you make. Remember patience and discipline are also the keywords in this game plan. Also remember to plan your trade and trade your plan. I do not...


great advice! Im trading with 1000 at moment and lost about 35 percent so far - my fault with alot of them as poor management skills - always have SL in place but not always TP - so once in credit left it a few times and came back and gone from going well to totally not good at all! you learn the hard way!

just read a good quote also from book - it is better to out of a trade and wishing you were in than being in a trade and wishing you were out - hard to believe until youve been there! you've got great support with all the guys here so money manage well and you'll do just fine!
"Millionaires don't use astrology, billionaires do"
  • #3,915
  • Aug 4, 2010 3:22am Aug 4, 2010 3:22am
Quoting mdrive
buy at this level supported by USD JPY

Thanks mdrive,

I hope your expectations are right.

  • #3,916
  • Aug 4, 2010 4:29am Aug 4, 2010 4:29am
I have given a buy on 112.93, SL 112.55, hoping for 115.00 area..
Last trade given around -50 pips loss..
Please do not follow my trades, always use your own strategy and methods.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 27 KB
totutu
  • #3,917
  • Aug 4, 2010 4:36am Aug 4, 2010 4:36am
Morning guys,

My advice for you trade large frame few days till you dont see clear direction,also you can stick to chanel :




Picture :


Cheers

Petar
Attached Image (click to enlarge)
Click to Enlarge Name: chanel.gif Size: 20 KB
"Buy on fear, sell on greed !!!
  • #3,918
  • Aug 4, 2010 4:39am Aug 4, 2010 4:39am
Quoting diamond_fx
Hi Peter and everyone in this wonderful thread,


I found an interesting pattern for USDJPY which is the 3 waves pattern.

The price has retraced from 161.8 fib level 3 times.

My expectation is that the price will go north in the upcoming days. The best time to enter is after formation of a reversal candle in the daily chart.



For EURJPY,

I am still bullish with you but I see a Gartley pattern in the 4hr chart.

Hopefully it will not continue down.

Hello Diamond adn welcome to the thread


GOod chart and i hope will take good pips
"Buy on fear, sell on greed !!!
  • #3,919
  • Aug 4, 2010 4:40am Aug 4, 2010 4:40am
Quoting mdrive
buy at this level supported by USD JPY
Welcome to thread mdrive also good chart













CHeers
"Buy on fear, sell on greed !!!
  • #3,920
  • Aug 4, 2010 5:40am Aug 4, 2010 5:40am
May be we'll see the 111.20 (bottom line of bollinger band) before turning furhter north.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY, Daily, 2010 August 04.png Size: 58 KB
2 traders viewing now