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EUR/JPY

  • #941
  • Feb 11, 2014 10:03am Feb 11, 2014 10:03am
Quoting NorthShore
{quote} Hello mrhb30jr - that is certainly a possibility but we're talking mid/long term for that target...meaning a week or two, or more....Therefore, do plan on holding that position for that amount of time? Or do you scalp along the road to your target?
yes, just be the smart trader with their own target, but the long target for me 145.6xx the completed double top in the long term, just take the sclaping target and hold one position for the long target .....

add another long position M1 .....

cheers
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  • #942
  • Feb 11, 2014 10:13am Feb 11, 2014 10:13am
Quoting mrhb30jr
{quote} yes, just be the smart trader with their own target, but the long target for me 145.6xx the completed double top in the long term, just take the sclaping target and hold one position for the long target ..... cheers
I see. Well that sounds reasonable. You must be outside the US as we cant do that here. We have a FIFO rule where the first trade in has to be the first trade out. Therefore we cant place multiple trades like that where we can let some run and open/close others at the same time. Technically it could be done but it would require multiple accounts. Same story for hedging.
  • #943
  • Feb 11, 2014 10:16am Feb 11, 2014 10:16am
Quoting raz
{quote} Awesome! Excellent to see you made out some good runs... however no I didn't get a valid setup, but there is always next night! However great job nailing some good runs!
Thanks Raz. You're right....there will always be more setups.
  • #944
  • Feb 11, 2014 10:27am Feb 11, 2014 10:27am
Nice EJ continue moving high ......
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  • #945
  • Feb 11, 2014 12:02pm Feb 11, 2014 12:02pm
JPY denominations across the majors are still bid, but it's getting harder for bulls to push through higher with lack of sellers around. It's a good place to start forming a top, general trend (EJ leading) is still down
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  • #946
  • Feb 11, 2014 11:34pm Feb 11, 2014 11:34pm
ok didn't get an entry last night, lets see what we can have tonight. Let's snag some pips!
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  • #947
  • Feb 11, 2014 11:40pm Feb 11, 2014 11:40pm
I'm short at 139.71
I'm getting in early, so it mightn't work out but if it does the rewards are high.
FF journal: Peaks and Troffs
  • #948
  • Feb 11, 2014 11:45pm Feb 11, 2014 11:45pm
Quoting bogus
I'm short at 139.71 I'm getting in early, so it mightn't work out but if it does the rewards are high.

Lets see you make some money! Hope she dips low for you.
Trade Like a Robot make money Like a Bank
  • #949
  • Feb 11, 2014 11:55pm Feb 11, 2014 11:55pm
Quoting raz
{quote} Lets see you make some money! Hope she dips low for you.
Cheers We have a 100 odd pip range to clear before the true direction is know (IMHO)140.31 and 139.27
FF journal: Peaks and Troffs
  • #950
  • Feb 12, 2014 12:58am Feb 12, 2014 12:58am
shit, i wrongly use fibo and placed a short position.

Now closed all shorts and open long.
  • #951
  • Feb 12, 2014 1:25am Feb 12, 2014 1:25am
Pure Market Correction going on right now.
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  • #952
  • Feb 12, 2014 2:13am Feb 12, 2014 2:13am
seems she wants to climb right back into that 139.70-139.89 area.
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  • #953
  • Feb 12, 2014 2:38am Feb 12, 2014 2:38am
lets see if we can break the top, I am long at 139.764 looking to close at 140.17 tight stop at 139.589
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  • #954
  • Feb 12, 2014 3:04am Feb 12, 2014 3:04am
I still hold my short positions, hope continue down
  • #955
  • Feb 12, 2014 4:11am Feb 12, 2014 4:11am
Quoting airafx
I still hold my short positions, hope continue down
you were on the money, just got taken out -18.5 pips
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  • #956
  • Feb 12, 2014 5:19am Feb 12, 2014 5:19am
new entry, shorted at 139.68 looking to close at 139.276. Lets hope she continues down!

plus I only take two entries a night, so I am off to bed. Hopefully waking up to positive trade!
Trade Like a Robot make money Like a Bank
  • #957
  • Feb 12, 2014 5:50am Feb 12, 2014 5:50am
Quoting raz
new entry, shorted at 139.68 looking to close at 139.276. Lets hope she continues down! plus I only take two entries a night, so I am off to bed. Hopefully waking up to positive trade!
I am closing my positions, waiting for some retrace first before sell
  • #958
  • Feb 12, 2014 6:02am Feb 12, 2014 6:02am
Quoting airafx
{quote} I am closing my positions, waiting for some retrace first before sell
got out of shower before heading to bed. Nice to recover my earlier loss. My method is 1:2 so I am positive.
Trade Like a Robot make money Like a Bank
  • #959
  • Feb 12, 2014 6:07am Feb 12, 2014 6:07am
Quoting raz
{quote} got out of shower before heading to bed. Nice to recover my earlier loss. My method is 1:2 so I am positive.
Congrat bro, have a nice dream
  • #960
  • Feb 12, 2014 6:52am Feb 12, 2014 6:52am
Quoting raz
new entry, shorted at 139.68 looking to close at 139.276. Lets hope she continues down! plus I only take two entries a night, so I am off to bed. Hopefully waking up to positive trade!
why the bearish moves?
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