I'm not a "Businessman" I'm a "Business-man"!! Jay-Z
- #693,302
- Sep 17, 2012 10:16am Sep 17, 2012 10:16am
- Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
Market trick again.. i'm dying here.. donno which way to go.. Up or Down... I hate this, but my Psychic instinct say it will be down...zzzzzz
** Going for big short now, all i have in my trading account!!!
First need to break 3120.
Not my kind of short. The short was at 3170 or 57 if you like to re enter after the bounce
M30 chart looking bearish though.
Be hopeful in a winning position, and fearful in a losing position.
- #693,303
- Sep 17, 2012 10:18am Sep 17, 2012 10:18am
- | Joined Jun 2012 | Status: Cogito ergo $um | 1,519 Posts
- #693,304
- Sep 17, 2012 10:18am Sep 17, 2012 10:18am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
Market trick again.. i'm dying here.. donno which way to go.. Up or Down... I hate this, but my Psychic instinct say it will be down...zzzzzz
** Going for big short now, all i have in my trading account!!!
it's simply ranging 55 to 31 giving everyone plenty of time to choose a direction for the breakout - or of course wait for it
- #693,305
- Sep 17, 2012 10:18am Sep 17, 2012 10:18am
my goodness yes.
id be 2 or 3x more profitable if i didnt countertrend trade AT ALL this year. i thought i was good at it, and sometimes i actually am, the problem is the timing and stop outs. when counter trending, the chance of getting stopped out is far too great, as the market retests the resistance level many times (such as we have seen in the last couple hours on EU)
its almost addicting to try and countertrend trade (yeah im outsmarting everyone!!)
goal for 2013 is ZERO counter trend trades except for very tight stop entries when we...
happy trading
I'm not a "Businessman" I'm a "Business-man"!! Jay-Z
- #693,306
- Sep 17, 2012 10:19am Sep 17, 2012 10:19am
- | Joined May 2010 | Status: Non Member | 2,751 Posts
Don't be smart. Be rich.
- #693,307
- Sep 17, 2012 10:20am Sep 17, 2012 10:20am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
yes agreed very difficult to define trend, each time can zoom and can change, but still think daily is down with her now at resistance will get a chart in a minute
For me this say daily trend is down,
People is say to long, after very nice bull rally, and her at resistance, is a little risky I think, if her break resist fine to long, but still longing at top of rally, best option for long entry is either wait see reaction at resist, and/or wait retrace and buy dip
Personaly I think short is better and safer option, or better stay sidelines eu and all yen pairs, this bs market is boj fuking with pa
If you are new to Forex? Say Goodbye to your account!!
- #693,308
- Sep 17, 2012 10:20am Sep 17, 2012 10:20am
what!! you was stopped out, what you talking about, my short give me little pip your entry was stopped
Soo so so soorry. I now understand all what you meant.
First,i am an intraday trader.
Secondly, sorry about the stop i gave, i myself didn't stop out because i know it will still touch 1.3160.
But all the same do not be bothered if you were stopped out because i have a new pip rich position. I guess you've seen it before.
Just Buy at 1.3025, Target: 1.3160, Stop: 1.2990( it should be a pending order). Rememmber it's a daily trend so that you will not make the same mistake again.
Got more questions,just message me!
Thanks.
Forex is always risky but at last, Profitable!
- #693,309
- Sep 17, 2012 10:21am Sep 17, 2012 10:21am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
Ok thank you. Too risky to keep my cj short,bcz the yen is unpredictable and could fly at any time.
But usdjpy at resistance. And uscad printed a daily pinbar suggesting a retracement.
I agree that yen pairs can spike up pretty quickly so it's risky. But a good MM with good entries/stop and you won't need to worry
COT: The precious data ignored
- #693,310
- Sep 17, 2012 10:22am Sep 17, 2012 10:22am
- Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
i have to laugh wen i read this cuz u say zero counter trades then u put in the except statment... how about jus dont do it.. man there r plenty of trades to mk and make very good profit without counter trend trading.. its not necessary lol.. jus my 2 cents tho so take wit grain of salt
happy trading
the counter trend i try sometimes are for 5-10 pip profit only risking 3-5 pips. those only seem to work WITH trend for me anyway
how could you not enter on a double doji, it is the easiest of counter trend setups imo, very high probability of success. at least thats how i view the risk reward
heres a very zoomed out tick chart, can't see the candles but it gives a good perspective
need to break 3118/21 area next
Be hopeful in a winning position, and fearful in a losing position.
- #693,311
- Sep 17, 2012 10:25am Sep 17, 2012 10:25am
- | Joined Feb 2008 | Status: Suffering from Casandra syndrome | 1,384 Posts
- #693,313
- Sep 17, 2012 10:26am Sep 17, 2012 10:26am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
- #693,315
- Sep 17, 2012 10:27am Sep 17, 2012 10:27am
- | Joined May 2010 | Status: Non Member | 2,751 Posts
I have not looked at cadjpy yet. I'll check it though.
But usdjpy at resistance. And uscad printed a daily pinbar suggesting a retracement.
I agree that yen pairs can spike up pretty quickly so it's risky. But a good MM with good entries/stop and you won't need to worry
The very positive aspect of this pair is that it rigourously respects, like EG, the technical levels.
Don't be smart. Be rich.
- #693,316
- Sep 17, 2012 10:28am Sep 17, 2012 10:28am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
kiwi,
looks cable getting close to dumping zone ?
i'm not in the mood trade
boj always fuk up pa, but every one has been fade able 
If you are new to Forex? Say Goodbye to your account!!
- #693,318
- Sep 17, 2012 10:29am Sep 17, 2012 10:29am
This eu daily zoomed as far as i can, 200sma down, price is now lower than far left of chart, her now tapping resist.
For me this say daily trend is down,
People is say to long, after very nice bull rally, and her at resistance, is a little risky I think, if her break resist fine to long, but still longing at top of rally, best option for long entry is either wait see reaction at resist, and/or wait retrace and buy dip
Personaly I think short is better and safer option, or better stay sidelines eu and all yen pairs, this bs market is boj fuking...
I'm not a "Businessman" I'm a "Business-man"!! Jay-Z
- #693,320
- Sep 17, 2012 10:36am Sep 17, 2012 10:36am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
Short from 29 SL 56 TP open at present see how 10 and 00 react
chfjpy couldn't make it back above resistance, resulting in a risk back off...all good for our eurusd shorts....for now
COT: The precious data ignored