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  • #753,081
  • Feb 1, 2013 4:25am Feb 1, 2013 4:25am
Quoting rattyo
82.21 UJ i was long. I took 280

Its now 92

I've taken longs here and there on the yens
but most definetly have not gained anywhere
near the 1000 points its has risen in the last month.

Interesting to see how many traders have actually got
a trade running and are 500+ on one of these yen pairs!

Most seem to have an overbought RSI keeping them out

as I posted earlier
It is quite difficult to keep a trade when you made 200+ pips mate, so I don't think you are alone. Also, as I said before one should consider where he/she stands with the targets set before the actual trade. If you made more than you expected, and are happy with the figure I see no reason why you shouldn't realise the profit. Let's not forget, untill you actually withdraw the profits from your broker, the profits are actually on thin ice
  • #753,082
  • Feb 1, 2013 4:26am Feb 1, 2013 4:26am
Looking to short 1.3675 for 1.3650
  • #753,083
  • Feb 1, 2013 4:26am Feb 1, 2013 4:26am
Quoting Fxnewdeal
A move towards the high or new high could trigger some retracement this time
so what do u think we should put our tps according to?
  • #753,084
  • Feb 1, 2013 4:27am Feb 1, 2013 4:27am
Quoting Stonar901
so what do u think we should put our tps according to?
I wouldn't risk a tp more than 1.3650 for the time being.
But it's up to me as i day trade....if you are long term trader than i don't know

At this point there won't be any reversal yet...so not worth trying to bet on a 100 pips move down
  • #753,085
  • Feb 1, 2013 4:28am Feb 1, 2013 4:28am
Quoting Fxnewdeal
I wouldn't risk a tp more than 1.3650 for the time being.
But it's up to me as i day trade....if you are long term trader than i don't know
and for my longs tp is 3692
  • #753,086
  • Feb 1, 2013 4:30am Feb 1, 2013 4:30am
Quoting Stonar901
so what do u think we should put our tps according to?
long for HH targeting 1.37

short targeting 35
Even the worst trade can close with profit. Just give it time.
  • #753,087
  • Feb 1, 2013 4:30am Feb 1, 2013 4:30am
Quoting Stonar901
and for my longs tp is 3692
For a long there are no limits yet. Just keep it
  • #753,088
  • Feb 1, 2013 4:32am Feb 1, 2013 4:32am
Quoting Tadej89
Holy sh*t! This thing only knows how to go up!

Yes yes. And here is what will happen. Sooner or later all those that keep saying it has to go down it will only go down from here, will come to realise the strength of the trend

Then they will go long saying. It should continue, and at that time the market will start a correction. It has been proven over and over that this happens. They fight it and fight it, then accept it and succeed in getting burnt
Both ways

The moral is...... Don't be toast
  • #753,089
  • Feb 1, 2013 4:33am Feb 1, 2013 4:33am
Quoting MaxDoom
Yes yes. And here is what will happen. Sooner or later all those that keep saying it has to go down it will only go down from here, will come to realise the strength of the trend

Then they will go long saying. It should continue, and at that time the market will start a correction. It has been proven over and over that this happens. They fight it and fight it, then accept it and succeed in getting burnt
Both ways

The moral is...... Don't be toast
If you're a bear, stay a bear, just go hibernate, because when you change your strategy, to something you have put off for so long, it really won't work.
Even the worst trade can close with profit. Just give it time.
  • #753,090
  • Feb 1, 2013 4:34am Feb 1, 2013 4:34am
Quoting Ken A
Most my charts look like this. Some lines as geographical location where PA is at.


E/J Weekly.


Attachment

News for some, each candlestick is a month. last time market was here was 1st half of 2010.
Even the worst trade can close with profit. Just give it time.
  • #753,091
  • Feb 1, 2013 4:36am Feb 1, 2013 4:36am
Quoting MaxDoom
Yes yes. And here is what will happen. Sooner or later all those that keep saying it has to go down it will only go down from here, will come to realise the strength of the trend

Then they will go long saying. It should continue, and at that time the market will start a correction. It has been proven over and over that this happens. They fight it and fight it, then accept it and succeed in getting burnt
Both ways

The moral is...... Don't be toast
I hope this wasn't supposed to be for me, don't break my heart
  • #753,092
  • Feb 1, 2013 4:36am Feb 1, 2013 4:36am
Some just chickened or tricked buying at 69.

Looks like test at 60 is in place first if want to test 82 or further up.

Maybe needs a bit consolidation until hourly close or buying into that.
They think they are smarter than I am.
  • #753,093
  • Feb 1, 2013 4:37am Feb 1, 2013 4:37am
Quoting math_GB
I hope this wasn't supposed to be for me, don't break my heart
Mine has been broken since 1.26
Even the worst trade can close with profit. Just give it time.
  • #753,094
  • Feb 1, 2013 4:38am Feb 1, 2013 4:38am
Quoting math_GB
I hope this wasn't supposed to be for me, don't break my heart
Just rambling. Bored waiting for my car to be fixed at garage so I have 2 hours to kill
  • #753,095
  • Feb 1, 2013 4:38am Feb 1, 2013 4:38am
Yes Z3iz3i I took to shorts 1.3670 with 10 pipts profit 1.3660 ... i think in the same way for the moment
  • #753,096
  • Feb 1, 2013 4:40am Feb 1, 2013 4:40am
Quoting John Gray
Mine has been broken since 1.26

Rattyo can fix it just be nice to her
  • #753,097
  • Feb 1, 2013 4:40am Feb 1, 2013 4:40am
Quoting MaxDoom
I rarely use an indicator. But if I do I ensure that I understand the maths behind it otherwise you do not know what it is telling you

Indicators like RSI are useless in a trending market. And can stay at extreme levels for weeks

It is logical therefore that if you want to use indicators then you must use different ones for different market phases

Using them same one throughout will kill every single account you throw at it over time
Thanks for that insight. Drawing better conclusions from levels presently than from indicators anyway.

I just thought it was funny how wrong RSI is at the moment.
  • #753,098
  • Feb 1, 2013 4:41am Feb 1, 2013 4:41am
Quoting Ken A
Rattyo can fix it just be nice to her
...And then she will be nice to me...


But on a serious note,

GBP/USD watch break of the key round number 1.5800

target 53XX
Even the worst trade can close with profit. Just give it time.
  • #753,099
  • Feb 1, 2013 4:41am Feb 1, 2013 4:41am
Quoting MaxDoom
Just rambling. Bored waiting for my car to be fixed at garage so I have 2 hours to kill
No mate, was teasing... I appreciate every input of yours, technically as well morally. Trading this shite requires a few things, one of them is listening to some valuable sources of experience. My strategy has worked well so far, since I missed the last bull train around 1.3450s, I decided to take a short at every new top and target 10-20 pips. I do not know where this will end so I can't buy, that is the only reason I am not taking any long, otherwise I see the power and trend no doubt...
  • #753,100
  • Feb 1, 2013 4:41am Feb 1, 2013 4:41am
Weekend .....


http://primuspersada.com/images/weekend.png
Patience Pays
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