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  • #769,381
  • Mar 8, 2013 5:05am Mar 8, 2013 5:05am
Quoting math_GB
I know it feels that way but actually I am not, I just think the move is not sustainable. I have been wrong since yesterday but have to give it a go. It doesn't look too bad actually...
Yes, but "nobody" to protect your shorts, no point or line to say "this is my highest-high"
Well, I have "high blood preasure" so I can't catch tops and bottoms, hehehe
I am not saying it woun't return now, but very risky.
This is how I see the chart:

Attached Image (click to enlarge)
Click to Enlarge Name: jpy.gif Size: 22 KB
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  • #769,382
  • Mar 8, 2013 5:05am Mar 8, 2013 5:05am
Quoting math_GB
This is more related to Yen weakness mate,. I don't trade EU too much lately, EJ has been my field. I can't complain tough, it was pretty good. There will be some retrace around here, I just don't know how much... Was a difficult week you are right...
Bad news came out. in theory should be retrace, will long on retrace 125.3, 125.1
Even the worst trade can close with profit. Just give it time.
  • #769,383
  • Mar 8, 2013 5:06am Mar 8, 2013 5:06am
Quoting Jesseryn
Which is why one should never go against the trend. You will end up losing pips almost right away.
There are many ways to make money in fx but I don't feel comfortable jumping into the first position after some period of buying or selling, cos I always feel like I still need to put stop loss below/above the last high/low, ultimately putting my account into a lot of risk. I'd rather lose 10-30 pips a few times to get 200-300. This is why I prefer to look to areas where a turn might happen. But each to their own, we're all different.
  • #769,384
  • Mar 8, 2013 5:06am Mar 8, 2013 5:06am
Quoting kbmoonshinex
125.58 short. will short higher if needed.

just 10 pips sl now
What's your tp KB?
  • #769,385
  • Mar 8, 2013 5:06am Mar 8, 2013 5:06am
Quoting Derextreme
What's your tp KB?
123.00
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  • #769,386
  • Mar 8, 2013 5:06am Mar 8, 2013 5:06am
Quoting kbmoonshinex
125.58 short. will short higher if needed.

just 10 pips sl now

expect a big drop or not yet?
  • #769,387
  • Mar 8, 2013 5:07am Mar 8, 2013 5:07am
Quoting Jesseryn
Well I can understand why he would short. The pivot was near the price he choose. Yet it is rather brainless to go against the trend, especially when the price was in such a range.
Yes yes I am brainless... I would ask for some trading advice from you however your picture just doesn't give me the comfort I need. Off to my iggy kiddo...
  • #769,388
  • Mar 8, 2013 5:08am Mar 8, 2013 5:08am
Quoting math_GB
Yes yes I am brainless... I would ask for some trading advice from you however your picture just doesn't give me the comfort I need. Off to my iggy kiddo...
I've had this person on my iggy several times but for some reason I feel the need to defend others against his/her ignorance so I routinely remove it to see what kind of nonsense is being spewed. Just the other day they were defending the martingale strategy with what seemed to be a passion. Perhaps their trade explorer explains why?

Quoting math_GB
This is more related to Yen weakness mate,. I don't trade EU too much lately, EJ has been my field. I can't complain tough, it was pretty good. There will be some retrace around here, I just don't know how much... Was a difficult week you are right...
Hm well it's just past 5 in the morning here and I'm on tilt so I think it's best I head to bed to get some rest. Next week is a fresh start and I'm looking forward to enjoying the weekend.
  • #769,389
  • Mar 8, 2013 5:09am Mar 8, 2013 5:09am
Quoting math_GB
Yes yes I am brainless... I would ask for some trading advice from you however your picture just doesn't give me the comfort I need. Off to my iggy kiddo...
Easy, easy guys...
We're here to support each other
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  • #769,390
  • Mar 8, 2013 5:09am Mar 8, 2013 5:09am
Quoting Kanzler
Hm well it's just past 5 in the morning here and I'm on tilt so I think it's best I head to bed to get some rest. Next week is a fresh start and I'm looking forward to enjoying the weekend.
  • #769,391
  • Mar 8, 2013 5:10am Mar 8, 2013 5:10am
eurjpy big target for me.

if we go higher i will look to short above 125.70 with 121.00 target
Attached Image (click to enlarge)
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  • #769,392
  • Mar 8, 2013 5:14am Mar 8, 2013 5:14am
Quoting kbmoonshinex
eurjpy big target for me.

if we go higher i will look to short above 125.70 with 121.00 target
I think 126 might be broken if it keeps up above 125.60
  • #769,393
  • Mar 8, 2013 5:14am Mar 8, 2013 5:14am
Quoting spartanforex
closed -1pip long 12505 stop 12490 tp 12585
closed it at 12556. will look to build shorts later today
  • #769,394
  • Mar 8, 2013 5:15am Mar 8, 2013 5:15am
Quoting kbmoonshinex
eurjpy big target for me.

if we go higher i will look to short above 125.70 with 121.00 target
Added again @125.57 my TP is 124.95. Average cost now 125.51 SL 125.76, that is the most I can tolerate FTB.
  • #769,395
  • Mar 8, 2013 5:15am Mar 8, 2013 5:15am
Quoting Derextreme
I think 126 might be broken if it keeps up above 125.60
ofc. everything can happen. but me think today down !!
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  • #769,396
  • Mar 8, 2013 5:16am Mar 8, 2013 5:16am
Quoting math_GB
Added again @125.57 my TP is 124.95. Average cost now 125.51 SL 125.76, that is the most I can tolerate FTB.
ok will see mate
looking for investors . pm me
  • #769,397
  • Mar 8, 2013 5:17am Mar 8, 2013 5:17am
Quoting spartanforex
closed it at 12556. will look to build shorts later today
also nice trade was.
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  • #769,398
  • Mar 8, 2013 5:27am Mar 8, 2013 5:27am
again fooking pattern up forming....
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  • #769,399
  • Mar 8, 2013 5:32am Mar 8, 2013 5:32am
Most of the posts are about EJ in Eur/UsRoom. While these pairs are not co. Ordinate completely. Why people do this? The news and charts about Ej are not use full. For Eur/ use and we need. To search right. Posts. Here!
  • #769,400
  • Mar 8, 2013 5:35am Mar 8, 2013 5:35am
closed will short higher a bit
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