trade idea - H4
thx 4 u z3r0, this your entry is helping me so much to take positions.... brilliant... i hope i can share my profit with u (hehe juzt kidding...). thx again btw........
- #21,766
- Dec 2, 2010 5:40am Dec 2, 2010 5:40am
- Joined Nov 2009 | Status: ŻŻŻŻŻŻŻŻŻŻ | 1,339 Posts
Short now 100% win imo (:
- #21,768
- Dec 2, 2010 5:42am Dec 2, 2010 5:42am
- 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.
- #21,769
- Dec 2, 2010 5:56am Dec 2, 2010 5:56am
- 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.
- #21,770
- Dec 2, 2010 6:08am Dec 2, 2010 6:08am
- Joined Nov 2009 | Status: ŻŻŻŻŻŻŻŻŻŻ | 1,339 Posts
Thanks for the Futures chart.....I'm sourcing one as we speak!
The chart below coincides with the Yen Futures above.
A move lower should be met with support from the ascending trend line and the monthly pivot. A break above the recent high should take us to 84.80 then up to 85.00 before a retracement.
I would wait for 85.00 to sell or a break of the ascending trend line, but be careful a break south may be well bid.
H4
- #21,771
- Dec 2, 2010 6:17am Dec 2, 2010 6:17am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Get a demo account from Think or Swim
The chart below coincides with the Yen Futures above.
A move lower should be met with support from the ascending trend line and the monthly pivot. A break above the recent high should take us to 84.80 then up to 85.00 before a retracement.
I would wait for 85.00 to sell or a break of the ascending trend line, but be careful a break south may be well bid.
I won't be shorting this pair unless I see the pa under 82. I'll buy dips to add to my long position, but not just yet.....I want to see the back of 84.50 post Trichet speak and then I'll wait for pullback.
Meantime I'm doing the 'hit and run' scalping thing on EJ......not really my style of trading, but 'needs must' until the pa settles down across the board
Hope all is going well with you.
Doing what you like is Freedom. Liking what you do is Happiness.
- #21,772
- Dec 2, 2010 6:24am Dec 2, 2010 6:24am
- Joined Nov 2009 | Status: ŻŻŻŻŻŻŻŻŻŻ | 1,339 Posts
Thanks for the Think or Swim tip
I won't be shorting this pair unless I see the pa under 82. I'll buy dips to add to my long position, but not just yet.....I want to see the back of 84.50 post Trichet speak and then I'll wait for pullback.
Meantime I'm doing the 'hit and run' scalping thing on EJ......not really my style of trading, but 'needs must' until the pa settles down across the board
Hope all is going well with you.
I'm still flat on USDJPY, like you, looking to get back in long.
ThinkorSwim is good for charting and they also have a free CNBC stream if your interested in that.
Hope you are well!
- #21,778
- Dec 3, 2010 8:57am Dec 3, 2010 8:57am
this sudden 100 pip downmove was funny!
I would like to know who that was!
wasnt it NFP? oh well my short order got activated and i made 80 pip..
also yesteradys trichet fall 300%++ increase of profit. was a good run. Happy tradings all!
i'm still bearish for the simple reason of the TL break.
Personally I expect further bearish momentum perhaps to 81 with a bump at 81.65 but only after a little retracement.. therefore I think I won't be opening any positions monday.