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Bull City Baby! Buying Opportunities

  • #381
  • Dec 9, 2014 8:21pm Dec 9, 2014 8:21pm
Quoting Sunsilk
{quote} Cheers, learn something new every day. How long have you been trading for?
Since I was 18 years old. I am 26(almost 27) now


Edit: Wow thanks for reminding me I am getting old!
  • #382
  • Dec 9, 2014 8:23pm Dec 9, 2014 8:23pm
Quoting Rizmeister
{quote} Since I was 18 years old. I am 26(almost 27) now Edit: Wow thanks for reminding me I am getting old!
I am 26 come January! Thanks for reminding me what is coming. Old age.
  • #383
  • Dec 9, 2014 8:26pm Dec 9, 2014 8:26pm
Trying to find support above 119.78 for the next upward move. I will probably TP if it falls through, and wait to see if it can find it's footing, that is if it doesn't show it's stable at least above 119.68
  • #384
  • Dec 9, 2014 8:32pm Dec 9, 2014 8:32pm
Quoting benaiah
Trying to find support above 119.78 for the next upward move. I will probably TP if it falls through, and wait to see if it can find it's footing, that is if it doesn't show it's stable at least above 119.68
I am going to just leave my trade in from 119.29. Stop is at 118.71. I will let this do whatever it has to do, off to bed. No matter if it stops me out, will rebuy on the next dip ha.
  • #385
  • Dec 9, 2014 8:33pm Dec 9, 2014 8:33pm
Quoting Sunsilk
{quote} I am going to just leave my trade in from 119.29. Stop is at 118.71. I will let this do whatever it has to do, off to bed. No matter if it stops me out, will rebuy on the next dip ha.

Night buddy.
  • #386
  • Dec 9, 2014 8:34pm Dec 9, 2014 8:34pm
Quoting Rizmeister
{quote} Night buddy.
  • #387
  • Dec 9, 2014 8:47pm Dec 9, 2014 8:47pm
Back in 119.48 SL 119.396
  • #388
  • Dec 9, 2014 8:59pm Dec 9, 2014 8:59pm
SL hit, but re-entered

119.408
SL 119.317

As many of you who know me understand. I don't care if I get stopped out several times, since my target R:R is high.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.png Size: 39 KB
  • #389
  • Dec 9, 2014 9:00pm Dec 9, 2014 9:00pm
Quoting benaiah
SL hit, but re-entered 119.408 SL 119.317 As many of you who know me understand. I don't care if I get stopped out several times, since my target R:R is high. {image}

  • #390
  • Dec 9, 2014 9:18pm Dec 9, 2014 9:18pm
By the way, price is no doubt going to break out of the channel it is moving in. I also believe it will break out long. But it's stupid simple trade if price touches the bottom of that channel, entering long. And I don't mean any offense to anyone who doesn't take trades like this, but I call it that, to remind myself what kind of trades I should be taking.

A lot of my posting is to make myself adhere to what I know I should be doing, in terms of what works for me. The more I post, the more I remind myself of what I know, and what I know I should do according to what I know.

Back to UJ. I post an H1 chart. Note the very bullish looking consolidation. Assuming price continues moving in that channel, and the S/R levels are respected, it will end up tightening the range as it continues, i.e. a squeeze, then the breakout as it approaches the tip of the triangle.

My target is 120.70. That is a 1:13 risk:reward, with a 9 pip SL.

Edit: But what if I'm wrong? So what, who cares? I can be wrong 13 times, and win one trade and be at BE
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 38 KB
  • #391
  • Dec 9, 2014 9:34pm Dec 9, 2014 9:34pm
going to be one hell of a battle today
All posts are my personal opinion
  • #392
  • Dec 9, 2014 9:34pm Dec 9, 2014 9:34pm
  • #393
  • Dec 9, 2014 9:45pm Dec 9, 2014 9:45pm
Come on bulls! Lets go!!
Good luck and may the odds be ever in your favor!
  • #394
  • Dec 9, 2014 9:49pm Dec 9, 2014 9:49pm
Channel broken. SL hit. Standing aside.
  • #395
  • Dec 9, 2014 9:52pm Dec 9, 2014 9:52pm
Will look for it to find support at current level or:
119.18
119.05
118.67
  • #396
  • Dec 9, 2014 10:01pm Dec 9, 2014 10:01pm
Looks like it is finding support at current level back in again
  • #397
  • Dec 9, 2014 10:03pm Dec 9, 2014 10:03pm
Quoting benaiah
Looks like it is finding support at current level back in again
awesome trading!
All posts are my personal opinion
  • #398
  • Dec 9, 2014 10:05pm Dec 9, 2014 10:05pm
I'm still in at 119.50...I learned a long time ago not to enter and exit like this...you eat up your account pretty quick
Good luck and may the odds be ever in your favor!
  • #399
  • Dec 9, 2014 10:06pm Dec 9, 2014 10:06pm
Very nice support level at 119.20....we go up from here
Good luck and may the odds be ever in your favor!
  • #400
  • Dec 9, 2014 10:06pm Dec 9, 2014 10:06pm
Having an unshakeable bias can be a costly thing in Forex. GL
Ghost Rider - WWTBMD?
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