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Spongebob's VS GBP/JPY Journal

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  • #481
  • Oct 4, 2010 8:14pm Oct 4, 2010 8:14pm
Quoting Cowboy11
BE, what does it means? Break Even?
yes...but my BE is +10...
  • #482
  • Oct 5, 2010 1:11am Oct 5, 2010 1:11am
now the ZZ signal go LONG ?
Trading Forever !!!
  • #483
  • Oct 5, 2010 4:50am Oct 5, 2010 4:50am
We do not know where it goes now, if by economy, should down providing the Japan government did not take any action.
Face both Win and Lose bravely
  • #484
  • Oct 5, 2010 7:25am Oct 5, 2010 7:25am
Quoting cscheat
now the ZZ signal go LONG ?
well i actually dont really predict where price will go..just follow the flow...but i did missed my sell...so really hope price goin up so i can set my short..lol..hheheh
  • #485
  • Oct 5, 2010 7:38am Oct 5, 2010 7:38am
okay this is how the chart look like with zz pointer..
Attached Image (click to enlarge)
Click to Enlarge Name: testing.gif Size: 35 KB
Attached Image
  • #486
  • Oct 6, 2010 12:57am Oct 6, 2010 12:57am
Anti-speculation, China plays an important role in the forex market now, so, the market will be base on economy factor more than chart pattern.
Face both Win and Lose bravely
  • #487
  • Oct 7, 2010 1:19am Oct 7, 2010 1:19am
Quoting microsuck_36
okay this is how the chart look like with zz pointer..
hi microsuck,

according to your chart... there are many colour arrow... yellow, green, red and orange???

blur
Trading Forever !!!
  • #488
  • Oct 7, 2010 3:16am Oct 7, 2010 3:16am
Quoting cscheat
hi microsuck,

according to your chart... there are many colour arrow... yellow, green, red and orange???

blur
oh yellow or orange is previous zz indicator...

Edit: when green arrow out then price go down and break current green arrow it will change color to yellow...
  • #489
  • Oct 7, 2010 11:24am Oct 7, 2010 11:24am
Can start long on both GU and GJ now.
Face both Win and Lose bravely
  • #490
  • Oct 7, 2010 4:27pm Oct 7, 2010 4:27pm
Quoting cscheat
hi microsuck,

according to your chart... there are many colour arrow... yellow, green, red and orange???

blur
Hi, Cscheat,
What is SRDC, support, resistant, D? C?
Face both Win and Lose bravely
  • #491
  • Oct 7, 2010 7:56pm Oct 7, 2010 7:56pm
Quoting Cowboy11
Can start long on both GU and GJ now.
i have long (GJ) 130.87...
  • #492
  • Oct 7, 2010 8:32pm Oct 7, 2010 8:32pm
Good morning, dont forget to set SL. If drop by 50 pips from your level, it means no one is interested in USD even at this level.
Face both Win and Lose bravely
  • #493
  • Oct 8, 2010 12:57am Oct 8, 2010 12:57am
Quoting microsuck_36
i have long (GJ) 130.87...

HAHA ! interesting !
Trading Forever !!!
  • #494
  • Oct 8, 2010 1:00am Oct 8, 2010 1:00am
Quoting microsuck_36
i have long (GJ) 130.87...

You long at 130.87, SL you put how much ?
Trading Forever !!!
  • #495
  • Oct 8, 2010 6:47am Oct 8, 2010 6:47am
Quoting cscheat
You long at 130.87, SL you put how much ?
SL will be at the LO of H4 candle(green/already yellow arrow)...

PS: already hit SL but in the same time have sell..so still = 0...new green arrow at new H4 candle...
Attached Image
  • #496
  • Oct 8, 2010 1:36pm Oct 8, 2010 1:36pm
My opinion is that it is easier to trade Usd than Jpy currency pair, because Japan may interfere their currency at any time.
If the trade short on Jpy currency pair, dont forget to set SL, it may jump 500~600 pips within 4 hours.
Face both Win and Lose bravely
  • #497
  • Oct 9, 2010 12:45am Oct 9, 2010 12:45am
Quoting microsuck_36
SL will be at the LO of H4 candle(green/already yellow arrow)...

PS: already hit SL but in the same time have sell..so still = 0...new green arrow at new H4 candle...
Ok for the SL. but what u mean you already sell at same time??

you mean you BUY & SELL too ? confuse
Trading Forever !!!
  • #498
  • Oct 9, 2010 6:19am Oct 9, 2010 6:19am
Quoting Cowboy11
My opinion is that it is easier to trade Usd than Jpy currency pair, because Japan may interfere their currency at any time.
If the trade short on Jpy currency pair, dont forget to set SL, it may jump 500~600 pips within 4 hours.
yes...have to very very careful...
  • #499
  • Oct 9, 2010 6:19am Oct 9, 2010 6:19am
Quoting cscheat
Ok for the SL. but what u mean you already sell at same time??

you mean you BUY & SELL too ? confuse
yep...
  • #500
  • Oct 11, 2010 8:43pm Oct 11, 2010 8:43pm
Usd will go down by 25~30% in about 3 years time. A, N & C will go up by 25~30%, J, E, G & D not sure. So, GJ pair faces a lot of uncertainty. Not a good pair to trade at this point of time.
Face both Win and Lose bravely
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