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EUR/JPY

  • #321
  • Dec 31, 2013 10:41am Dec 31, 2013 10:41am
Quoting rick2flee
thansk for the trend it helps me lot to improve my strategy...hapi trading..
Happy trading to you as well Rick2flee !
  • #322
  • Dec 31, 2013 11:11am Dec 31, 2013 11:11am
buy the dip and buy and hold this is the game

HNY!!
I'll Sell when price is heading to Hell
  • #323
  • Dec 31, 2013 3:02pm Dec 31, 2013 3:02pm
Quoting braintec
buy the dip and buy and hold this is the game HNY!!

Gidday EUR/YEN

Yeah still got longs in to 145.5 to 146

Was a bit worried about a retrace

but it started to move up again on close.
  • #324
  • Dec 31, 2013 5:42pm Dec 31, 2013 5:42pm
Ok thanks NORTH. Will practice on the demo.
  • #325
  • Jan 1, 2014 2:15am Jan 1, 2014 2:15am
Hi to all this last move was a clear rebound. so hello to higher price. but still resistance at 145.67 and then all way open to 147.50
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Online Prop Firms are not the solution
  • #326
  • Jan 1, 2014 3:49pm Jan 1, 2014 3:49pm
Happy new year! My sincere wishes for 2014 to bring peace, prosperity, and happiness to all of us here

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  • #327
  • Jan 1, 2014 4:45pm Jan 1, 2014 4:45pm
Hello EUR/YEN

Happy new year

Yeah looking to clear this chart

an start again still got quiet a few longs

Just need a another burst up

You would have to think even if we get some retrace

with the YEN looking at another moon mission for the rest of the year

Were does that leave EUR/YEN
  • #328
  • Jan 1, 2014 5:03pm Jan 1, 2014 5:03pm
Quoting NorthShore
scaling in small long here at 144.91
someone asked me if I still have this one...Yes I do. Still holding this position.
  • #329
  • Jan 2, 2014 2:49am Jan 2, 2014 2:49am
To everyone here; i wish happiness and prosperity in 2014 and always
  • #330
  • Jan 2, 2014 8:52am Jan 2, 2014 8:52am
Quoting NorthShore
{quote} someone asked me if I still have this one...Yes I do. Still holding this position.
hey guys still here got in at 143.01 riding this one out.
Faith ends where worry begins, and worry ends where faith begins.
  • #331
  • Jan 2, 2014 9:22am Jan 2, 2014 9:22am
Quoting forexvegan
{quote} hey guys still here got in at 143.01 riding this one out.
still here 200 pip bear showed up last night.

Attached Image
  • #332
  • Jan 2, 2014 9:31am Jan 2, 2014 9:31am
That's okay. They may have won the battle, but we will win the war!!! (where do you get all the pics from NS, I love them!!!)
Faith ends where worry begins, and worry ends where faith begins.
  • #333
  • Jan 2, 2014 10:08am Jan 2, 2014 10:08am
So many bought at top insane
Copy my trades for free ask me how )
  • #334
  • Jan 2, 2014 10:10am Jan 2, 2014 10:10am
Quoting pungggi
Hi to all this last move was a clear rebound. so hello to higher price. but still resistance at 145.67 and then all way open to 147.50 {image}

Do you mean 137 ?
Copy my trades for free ask me how )
  • #335
  • Jan 2, 2014 10:19am Jan 2, 2014 10:19am
Quoting londontg
So many bought at top insane

Not insane if you don't know how to trade.
Faith ends where worry begins, and worry ends where faith begins.
  • #336
  • Jan 2, 2014 1:48pm Jan 2, 2014 1:48pm
Quoting forexvegan
{quote} Not insane if you don't know how to trade.
you have to know when to cut your losses, whether its a hard stop or a mental stop. You can not let one trade dig super deep into your account. I admit that today I closed out my previous long at a loss, but it doesnt feel too bad since it only took out the value of my last winning trade. (its a bummer, but it rarely happens)

When you can cut off a loser to the point where you only lose as much as the previous 1 or 2 trades, you will do ok. If you do not cut a loser and let it take out your entire profits for the month or even worse, your entire account to the point of a margin call, that is not a sound strategy. Losing previous profits doesnt hurt as bad as losing your entire account. (I bring this up because someone over at the GBP/JPY thread lost it all today) Do everything you can to preserve your starting capital. Think of that as your leverage. If your leverage is gone, you have lost the ability to place any more trades. Protect that at all times.
  • #337
  • Jan 2, 2014 2:02pm Jan 2, 2014 2:02pm
That's funny NS because that exactly how I trade. I always trade when only I see a good setup and SL will never exceed my previous trade(s) winnings. Works for me very well. MY SL's are tight and I let my profit run. I am considering E/J may still move downward, watching closely.
Faith ends where worry begins, and worry ends where faith begins.
  • #338
  • Jan 2, 2014 2:04pm Jan 2, 2014 2:04pm
Quoting eliteincome
{quote} Gidday EUR/YEN Yeah still got longs in to 145.5 to 146 Was a bit worried about a retrace but it started to move up again on close.
eliteincome, where you at? don't be shy, we can't win them all. I know you got something up your sleeve. Many green pips to all of you!!!
Faith ends where worry begins, and worry ends where faith begins.
  • #339
  • Jan 2, 2014 2:07pm Jan 2, 2014 2:07pm
Quoting NorthShore
{quote} you have to know when to cut your losses, whether its a hard stop or a mental stop. You can not let one trade dig super deep into your account. I admit that today I closed out my previous long at a loss, but it doesnt feel too bad since it only took out the value of my last winning trade. (its a bummer, but it rarely happens) When you can cut off a loser to the point where you only lose as much as the previous 1 or 2 trades, you will do ok. If you do not cut a loser and let it take out your entire profits for the month or even worse, your...
Great to see such an honest trader. Very rare for someone to admit he's had a wrong trade and take a loss. Most people let there pride get in the way and will stay stuck in the trade. Good call NS!!!
Faith ends where worry begins, and worry ends where faith begins.
  • #340
  • Jan 2, 2014 2:08pm Jan 2, 2014 2:08pm
Quoting forexvegan
... I am considering E/J may still move downward, watching closely.
Agreed, I dont think this correction is over either. We may get some upward pops or ranging over the next few hours, but the bear is still alive and well.
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