DislikedFitch cuts Japan’s long term rating to A+ with a negative outlook
Tue, May 22 2012, 11:08 CET | Forex LiveIgnored
- #31,682
- May 22, 2012 4:38am May 22, 2012 4:38am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
- #31,683
- May 22, 2012 5:09am May 22, 2012 5:09am
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- #31,684
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- #31,685
- May 22, 2012 5:29am May 22, 2012 5:29am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Looks like we might repeat yesterday's E/U PA when NY opens. Hourly is getting closed to oversold. We may come down to test yesterday's low 50% Fibo level, maybe even to 1.2708 which is 61.8 % fibo from last few days L/H. We need a break below 1.2750 (38.2% Fib) to confirm.
Fair warning: When the EUR/JPY reaches 101.90 area, my giant hammer is coming out with full force. Such actions by me have been known to be market movers. Not because I have enough capital to move the market, but more so because the institutional traders read EurAnalysis to see what my plans are.
Just kidding of course (about institutional traders following me)
E/J D1
Attachment
Those who say it cannot be done should not interrupt those who are doing it
- #31,686
- May 22, 2012 5:30am May 22, 2012 5:30am
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- #31,687
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- #31,689
- May 22, 2012 5:35am May 22, 2012 5:35am
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You should've gotten it, right?
E/J H1
Those who say it cannot be done should not interrupt those who are doing it
- #31,690
- May 22, 2012 5:39am May 22, 2012 5:39am
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- #31,691
- May 22, 2012 5:41am May 22, 2012 5:41am
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Those who say it cannot be done should not interrupt those who are doing it
- #31,692
- May 22, 2012 5:45am May 22, 2012 5:45am
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- #31,693
- May 22, 2012 5:54am May 22, 2012 5:54am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Here's some good advice for all the noods lurking this thread.
Patience is the only attribute that is going to make you any money in this business.
The markets are mainly driven by greed and fear. The key to being patient is finding the fulcrum between fear and greed. This is psychological warfare.
The reason 90 to 95 percent of all retail Forex traders fail to succeed, is fear, greed or both.
You must always plan you trades in advance. Find your targets, set you sights on it, know your exit points (profit and loss) and most importantly, stick to the plan till the end unless changing conditions dictate otherwise.
You must constantly re-evaluate market conditions which are affected by the news releases and how the market reacts to them.
You must always be nimble. Never have a solid bias. A bias is normal. I have one. My bias is short on Euro. However, if I see a renewed hope for the Euro to rally in the medium to long term, my bias will change instantly.
Money management is probably the most important of all. Never over-leverage yourself. If a trade goes against you, wouldn't you prefer to ride out the swing and come out with a profit rather than have to take a loss after only 20 or 30 pips? If the trend is down, there is no reason why you would have to take a loss on a short position. It's all in the entry. Don't enter when it breaks support. Enter when it bounces off resistance. That is where the patience comes in handy
Patience is the only attribute that is going to make you any money in this business.
The markets are mainly driven by greed and fear. The key to being patient is finding the fulcrum between fear and greed. This is psychological warfare.
The reason 90 to 95 percent of all retail Forex traders fail to succeed, is fear, greed or both.
You must always plan you trades in advance. Find your targets, set you sights on it, know your exit points (profit and loss) and most importantly, stick to the plan till the end unless changing conditions dictate otherwise.
You must constantly re-evaluate market conditions which are affected by the news releases and how the market reacts to them.
You must always be nimble. Never have a solid bias. A bias is normal. I have one. My bias is short on Euro. However, if I see a renewed hope for the Euro to rally in the medium to long term, my bias will change instantly.
Money management is probably the most important of all. Never over-leverage yourself. If a trade goes against you, wouldn't you prefer to ride out the swing and come out with a profit rather than have to take a loss after only 20 or 30 pips? If the trend is down, there is no reason why you would have to take a loss on a short position. It's all in the entry. Don't enter when it breaks support. Enter when it bounces off resistance. That is where the patience comes in handy
Those who say it cannot be done should not interrupt those who are doing it
- #31,694
- May 22, 2012 5:54am May 22, 2012 5:54am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
True. BTW- I finally got in short E/U at 1.2810 yesterday.
Those who say it cannot be done should not interrupt those who are doing it
Here's some good advice for all the noods lurking this thread.
Patience is the only attribute that is going to make you any money in this business.
The markets are mainly driven by greed and fear. The key to being patient is finding the fulcrum between fear and greed. This is psychological warfare.
The reason 90 to 95 percent of all retail Forex traders fail to succeed, is fear, greed or both.
You must always plan you trades in advance. Find your targets, set you sights on it, know your exit points (profit and loss) and most importantly,...
Bulls Run. Bears Bite. We Profit.
- #31,696
- May 22, 2012 6:10am May 22, 2012 6:10am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
8 months ago, he knew nothing. Now he is raking in the pips. Why? Patience
Those who say it cannot be done should not interrupt those who are doing it
- #31,697
- May 22, 2012 6:14am May 22, 2012 6:14am
- | Commercial User | Joined Apr 2012 | 1,121 Posts
I hope to be raking in the long term pips soon
PT please show me the way! I'm happy with my scalping but I also want to wake up to green pips sometimes
Perhaps I will copy cat your sell limits
closed two of these scalps letting one close at BE
PT please show me the way! I'm happy with my scalping but I also want to wake up to green pips sometimes
Perhaps I will copy cat your sell limits
closed two of these scalps letting one close at BE
An opportunity lost is not a capital cost.
- #31,698
- May 22, 2012 6:20am May 22, 2012 6:20am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
Here's some good advice for all the noods lurking this thread.
Patience is the only attribute that is going to make you any money in this business.
The markets are mainly driven by greed and fear. The key to being patient is finding the fulcrum between fear and greed. This is psychological warfare.
The reason 90 to 95 percent of all retail Forex traders fail to succeed, is fear, greed or both.
You must always plan you trades in advance. Find your targets, set you sights on it, know your exit points (profit and loss) and most importantly, stick...
- #31,699
- May 22, 2012 6:25am May 22, 2012 6:25am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
To all the noobs... Harpe Eagle is a perfect example of the benefits of the advice I just gave you in my previous post.
8 months ago, he knew nothing. Now he is raking in the pips. Why? Patience
I hope to be raking in the long term pips soon
PT please show me the way! I'm happy with my scalping but I also want to wake up to green pips sometimes
Perhaps I will copy cat your sell limits
To learn Patience always read PT's post and try to understand his charts....And try to read the charts of other traders also...Plan your trade and always wait for the price to reach your plan price/target ...
Bulls Run. Bears Bite. We Profit.