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Bull City Baby! Buying Opportunities

  • #461
  • Dec 10, 2014 12:32pm Dec 10, 2014 12:32pm
Okay. 6 shots of expresso over ice. Breakfast of traders everywhere. Feel much better now.

I also sent Louise a message with formal apology and invitation back to post more.

Meanwhile, UJ is stagnating. Moved SL to BE.
  • #462
  • Dec 10, 2014 12:38pm Dec 10, 2014 12:38pm
Quoting benaiah
Okay. 6 shots of expresso over ice. Breakfast of traders everywhere. Feel much better now. I also sent Louise a message with formal apology and invitation back to post more. Meanwhile, UJ is stagnating. Moved SL to BE.

At least you didn't drink 6 Red Bulls, but Green Bulls are welcome
  • #463
  • Dec 10, 2014 12:39pm Dec 10, 2014 12:39pm
Quoting monarch
{quote} At least you didn't drink 6 Red Bulls, but Green Bulls are welcome
haha! Dollar bulls where oh where are you!?
  • #464
  • Dec 10, 2014 12:39pm Dec 10, 2014 12:39pm
will someone tell this shit to stop and reverse?
  • #465
  • Dec 10, 2014 12:39pm Dec 10, 2014 12:39pm
Quoting monarch
{quote} At least you didn't drink 6 Red Bulls, but Green Bulls are welcome
ha ha thanks
  • #466
  • Dec 10, 2014 12:41pm Dec 10, 2014 12:41pm
Quoting Rizmeister
{quote} haha! Dollar bulls where oh where are you!?
Hey Riz, gotta let this little back and forth play out, then will see the green light!!
Just noise to the overall trend for UJ.
  • #467
  • Dec 10, 2014 12:42pm Dec 10, 2014 12:42pm
Quoting monarch
{quote} Hey Riz, gotta let this little back and forth play out, then will see the green light!! Just noise to the overall trend for UJ.
Agreed.
  • #468
  • Dec 10, 2014 12:43pm Dec 10, 2014 12:43pm
Quoting monarch
{quote} Hey Riz, gotta let this little back and forth play out, then will see the green light!! Just noise to the overall trend for UJ.
And lots of excellent low risk buying opportunities. I bought again at 118.31, but I won't risk much, only a few pips...
  • #469
  • Dec 10, 2014 12:51pm Dec 10, 2014 12:51pm
And while this retrace is painful if we're holding long term, the good news is, if positions can be added once this reverses, it just makes it all the more sweet when it goes for the prior high.

Currently at around 400 (correction - 350) pips to the last high. And we all know it is almost a guarantee it will make it back up there eventually...
  • #470
  • Dec 10, 2014 12:53pm Dec 10, 2014 12:53pm
as I'm sure you're aware, I'm well beyond any salvation... my aborted break even stop loss this morning has now turned into a 100 pip loss that I might as well ride to destruction or hopefully not...
  • #471
  • Dec 10, 2014 12:53pm Dec 10, 2014 12:53pm
Quoting benaiah
And while this retrace is painful if we're holding long term, the good news is, if positions can be added once this reverses, it just makes it all the more sweet when it goes for the prior high. Currently at around 400 pips to the last high. And we all know it is almost a guarantee it will make it back up there eventually...

Indeed my friend. I have experienced it many of times.
  • #472
  • Dec 10, 2014 1:00pm Dec 10, 2014 1:00pm
My wife is going to be pissed when she sees I put another 10k back into my account. I may never hear the end of it if this doesn't reverse soon.
  • #473
  • Dec 10, 2014 1:01pm Dec 10, 2014 1:01pm
They are letting up...I can't believe I am still alive lol I am still holding long. (Obviously)
  • #474
  • Dec 10, 2014 1:08pm Dec 10, 2014 1:08pm
I had to add another 50 bucks to my sons account too. Poor guy he gets no reception in his highschool so he can't do anything anyway... I TOLD HIM TO PUT A STOP IN! (practice what you preach dad)

So my only real conundrum is "when is it safe to add back into this trade?"
  • #475
  • Dec 10, 2014 1:13pm Dec 10, 2014 1:13pm
Quoting chsortman
I had to add another 50 bucks to my sons account too. Poor guy he gets no reception in his highschool so he can't do anything anyway... I TOLD HIM TO PUT A STOP IN! (practice what you preach dad) So my only real conundrum is "when is it safe to add back into this trade?"
I hope I'm not sounding like a broken record, but still no reversal yet, aside from the "V" which pattern type is prone to further retrace as we are experiencing.
  • #476
  • Dec 10, 2014 1:13pm Dec 10, 2014 1:13pm
Quoting benaiah
{quote} I hope I'm not sounding like a broken record, but still no reversal yet, aside from the "V" which pattern type is prone to further retrace as we are experiencing.
Nope you sound just fine!
  • #477
  • Dec 10, 2014 1:15pm Dec 10, 2014 1:15pm
Quoting Rizmeister
{quote} Nope you sound just fine!
Thanks

So far all trades I've been entering are just to catch a bounce, and see how far it can go. Longer term, we need to see some resistance levels broken, and held...
  • #478
  • Dec 10, 2014 1:15pm Dec 10, 2014 1:15pm
Oh god I want to believe you. Last retrace looked much more 'bull flagish' to me. This one doesn't have that appearance in my view. Although from a fundamentals standpoint, the US should be kicking Japan's ASS all over the playground. I lived in Japan for three years... so I'm an au-thor-i-tay...
  • #479
  • Dec 10, 2014 1:35pm Dec 10, 2014 1:35pm
Testing that big wick on the 4 hour around 118.00 area.
I'm waiting to attack on the tap and bounce, watching on smaller time frame!

I put my chart on showing where that wick hit on 4 hour chart, when I get a signal on GREEN I'll go in.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m2.png Size: 42 KB
  • #480
  • Dec 10, 2014 1:40pm Dec 10, 2014 1:40pm
This is not looking good guys
Good luck and may the odds be ever in your favor!
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