Hi,
Can anyone help me with my analysis is a valid short entry on EURJPY
Can anyone help me with my analysis is a valid short entry on EURJPY
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Mister market doesn't seem to be in a very giving mood today. Still......there has been some great days recently, so we need to happy for the good days and patient on the not so good days. I'll be well short of my target today.....still.....it's only Tuesday
Everyday is not Christmas.
- #4,263
- Sep 18, 2012 8:51am Sep 18, 2012 8:51am
I wouldn't have taken it because the M15 Stox (yellow line) was rising (flat at best) from OS levels (conflict between M5 & M15 Stox = Careful) but well done if you were fast enough on the trigger to have banked 15 quick pips
yes i got it. closed it with 10 pip loss
ohh well its just a demo acc
- #4,264
- Sep 18, 2012 9:06am Sep 18, 2012 9:06am
- | Joined May 2011 | Status: Just Call me Oli | 631 Posts
yes i got it. closed it with 10 pip loss
This is not addressed at you personaly Sify but to anyone on demo: I know it's not 100% possible but try to treat your entries & exits with the same care that you would on a live account.
And also, as important, get used to closing trades for +10-15 pips at the time when the opportunities present themselves:
.if the trade carries on your way it still doesn't cost you anything apart from less demo-profit.
.it's a great exercise in discipline that will be invaluable when you switch to live account (otherwise, if you're not mentally prepared for taking 10-15 pips, your brain (greed) will want you to hold on for a bit longer "because you might get another 5 pips out of that" and then the market retraces and it's either +0 @ B/E or even a loss).
- #4,268
- Sep 18, 2012 9:55am Sep 18, 2012 9:55am
- Joined Sep 2012 | Status: Beam me up, Scotty | 1,531 Posts
I am a fallible imperfect person; so I must be a fallible imperfect trader.
- #4,272
- Sep 18, 2012 11:25am Sep 18, 2012 11:25am
Does anyone use 'shared pivots' where EU responds to EJ pivots and vice versa.
Today, for example :
1: only EJ hit the resistance but both started falling.
2: EU was bouncing off S1 for 2 hours but both responded the same way.
3: EJ bounced off S1 and this stopped EU's fall.
4: EJ's drop was stopped when EU hit S2
Yesterday's movements for both pairs were bounded by EU's daily pivot at the bottom and EJ's R1 above.
There are examples of this almost every day and they can be used as targets, entries or warnings in the same way as normal pivots. They may help to shed light on some otherwise unstructured trading days.
Today, for example :
1: only EJ hit the resistance but both started falling.
2: EU was bouncing off S1 for 2 hours but both responded the same way.
3: EJ bounced off S1 and this stopped EU's fall.
4: EJ's drop was stopped when EU hit S2
Yesterday's movements for both pairs were bounded by EU's daily pivot at the bottom and EJ's R1 above.
There are examples of this almost every day and they can be used as targets, entries or warnings in the same way as normal pivots. They may help to shed light on some otherwise unstructured trading days.
- #4,276
- Sep 18, 2012 2:35pm Sep 18, 2012 2:35pm
- Joined Sep 2012 | Status: Beam me up, Scotty | 1,531 Posts
I am a fallible imperfect person; so I must be a fallible imperfect trader.
- #4,277
- Sep 19, 2012 2:32am Sep 19, 2012 2:32am
- Joined Sep 2012 | Status: Beam me up, Scotty | 1,531 Posts
I am a fallible imperfect person; so I must be a fallible imperfect trader.
- #4,278
- Sep 19, 2012 2:46am Sep 19, 2012 2:46am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Hey there Marty....that's a nice way to start the session. 
I took EJ and CJ much earlier today because I knew that BOJ was going to follow ECB and the FED with 'easing', so I took both trades not long after Tokyo open. The SL under the swing low was very cheap so the risk was small and rewards excellent. I might not trade any more today unless something juicy happens along.
I took EJ and CJ much earlier today because I knew that BOJ was going to follow ECB and the FED with 'easing', so I took both trades not long after Tokyo open. The SL under the swing low was very cheap so the risk was small and rewards excellent. I might not trade any more today unless something juicy happens along.
Doing what you like is Freedom. Liking what you do is Happiness.
- #4,279
- Sep 19, 2012 4:11am Sep 19, 2012 4:11am
- Joined Sep 2012 | Status: Beam me up, Scotty | 1,531 Posts
I am a fallible imperfect person; so I must be a fallible imperfect trader.
- #4,280
- Sep 19, 2012 4:29am Sep 19, 2012 4:29am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Thx RJ !!
Big achievement for me this morning.
Entered on EJ 5M arrows, quick glance at stochs,dash and tapes and entered.
No emotion no second thoughts +32 pips
Thats 64 so far today
Just profits !!
Yes, yes, yes !!
Doing what you like is Freedom. Liking what you do is Happiness.