{quote} I can't help it. I read that scalping was bad and tried everything else but just couldn't turn a profit. Then after I started trading the way I wanted to, which would be considered scalping, now it just seems... kinda easy lol. By the way I'm now short on this pair with a tight stop loss. Last trade of the day. In @ 98.12 SL @98.2 Looking for a drop below 98. Gonna watch PA closely over the next 15 min.
Ignored
Closed manually right around b/e. Don't like PA right now. We're doing too much ranging.
Done for the day. Good luck to those still in trades.
"If you won't risk the usual, you'll have to settle for the ordinary."
I really can't understand why UJ is now falling??? All the good news came yesterday and today didn't bring any energy to the $?
Once again I must admit that forex is unpredictable...
It seems that now is testing the important support at 97,6 if will break it down then we'll see further down movement...I really hope to see bulls in action now, because I have still 4 lots opened at 97,75 at the end of June...and I never took profit when I had good oppotunities to do so!
It was usd weakening against many currencies including jpy.
Perhaps due to economic optimism data that was below forecast?
Hope it was just momentary down.
I really can't understand why UJ is now falling??? All the good news came yesterday and today didn't bring any energy to the $? Once again I must admit that forex is unpredictable... It seems that now is testing the important support at 97,6 if will break it down then we'll see further down movement...I really hope to see bulls in action now, because I have still 4 lots opened at 97,75 at the end of June...and I never took profit when I had good oppotunities to do so! Poor me!
Ignored
US equities - S&P below 1700 again. Selloff of US $.
97.50 is really a support now. Breaks that, can aim 97 and below (dont wan't that)
It was usd weakening against many currencies including jpy. Perhaps due to economic optimism data that was below forecast? Hope it was just momentary down.
Ignored
it was kind of funny to watch manufacturing data get released yesterday, and almost instantly this thing started moving downward.. >.< definitely didn't expect it myself.
Agree that there is support at 97.50, but we have been in a very parallel down trend since 8 July. I only want to buy this pair, but it's too tricky at the moment! This afternoon's (GMT) drop came out of nowhere as far as I am concerned. Markets are being attracted to test new support levels - pushing through 98.00 and has already met 97.50. Caution to the bulls.
