{quote} {quote} this chart is especially for you twat - TF 4H, but before you open your mouth, i admit there could be couple of pips slippage {image}
Ghost Rider - WWTBMD?
- #53,061
- Dec 10, 2014 12:16am Dec 10, 2014 12:16am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
- #53,062
- Dec 10, 2014 12:17am Dec 10, 2014 12:17am
- Joined Oct 2011 | Status: quo | 4,193 Posts
{quote} LOL ... easy guy.
As Above, So Below
- #53,064
- Dec 10, 2014 12:40am Dec 10, 2014 12:40am
- Joined Oct 2011 | Status: quo | 4,193 Posts
{quote} USDJPY... so exciting. Imagine it staying above the yellow line and up it goes. I have seen a trader fortune destroyed (account busted) betting it the wrong way.
that yellow line just for reference only, i said TF above 1H (4H or 1D) unlikely to close below, but that does not mean impossible.
i would not be surprised if many have lost their accounts during this volatility because lack of trade and money management. these are the main tools of survival in this business.
i would assume after dust settles down, price will steadily move above 119... we will see
As Above, So Below
- #53,066
- Dec 10, 2014 5:00am Dec 10, 2014 5:00am
- Joined Dec 2012 | Status: Lions don't bleat! | 2,874 Posts
![Click to Enlarge
Name: 141210 2H[2] USDJPY.png
Size: 57 KB](/attachment/image/1569366/thumbnail?d=1418209131)
Wait, or you will be slaughtered!
- #53,070
- Dec 10, 2014 7:53am Dec 10, 2014 7:53am
- Joined Oct 2011 | Status: quo | 4,193 Posts
As Above, So Below
- #53,075
- Dec 10, 2014 8:44am Dec 10, 2014 8:44am
{quote} Maybe what's your view about the election ? And what's your expectation ?
I think that Abe (PM Japan) is set to win it. I read that this was because the other party was pretty much dead and buried from their last stint. So only Communists are really challenging which isn't going to happen.
With that being said it looks like Abe is set to continue his Recovery program (Abenomics) which isn't working (according to media) and is likely to push the Yen further down. If someone has a more detailed view of abenomics I would be interested to hear them.
The way I trade long term is based on looking at long term economics of a currency, the trend, then going into more detailed technical analysis. Then I will use price action of daily fundamentals to help me find an entry. Try to create a sound overall picture of where the chart could be heading. I personally think that the markets could gap up once the result is in from Sundays Japan elections... but that is my view. Doesn't mean it is right. I also have a 'play account' where I scalp and just do short term trading too.
I already thought price was going to go up to 122 before retrace and busted my profits and 3% loss because I didn't manage it properly
Hows your trading going?
