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Bull City Baby! Buying Opportunities

  • #641
  • Dec 11, 2014 9:24am Dec 11, 2014 9:24am
Quoting dbutton1990
Just wanted to sympathize with those who lost a lot on this big pull down. I've been trading for almost 3 years now and I'm still learning. I hope everyone took notes on their mistakes and will make lots of profit in the future!!!
I've only been trading for 4.5 months I definately took notes.... and hey that's how we learn..... I lost 3 % overall on that pullback but hey well on my way to recovering that as we speak.....
@ Riz I would love to see new highs too..... just not sure whether to keep it running trying to get them or just bank when I reach 119.5 if it gets there when I'm not here it will automatically take me out if I'm here and it's looking strong I may move my target up a little..... at this point after the last couple of days must admit I'm feeling a little cautious....
  • #642
  • Dec 11, 2014 9:25am Dec 11, 2014 9:25am
Quoting Sunsilk
{quote} Think I am going to re buy in before the weekend. After today will be looking for price to come back down and test support 118.70 or somewhere close and might buy in. Depending on if that support holds. Normally don't hold positions over weekend but I will put a tight stop and see where it takes me. FOMC meeting next week as well. Are they going to be talking about interest rates? Surely with a decent economy you would be looking at them fast tracking this to earlier than september. Who knows.
FOMC should take out "considerable time" language from their statement next week. Abe's party should win elections this weekend. Both are positive for USDJPY in theory.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #643
  • Dec 11, 2014 9:30am Dec 11, 2014 9:30am
Quoting Rizmeister
{quote} Edit: I made back about 4k so far. Need to go a lot higher!
high five
  • #644
  • Dec 11, 2014 9:36am Dec 11, 2014 9:36am
119.25-35 is key area. Next 8 hours or so, needs to show it will stay above this. If not could fall back some. But if it can get above and reject it, it becomes the 2nd floor/bottom on the move back up
  • #645
  • Dec 11, 2014 9:38am Dec 11, 2014 9:38am
Quoting chsortman
{quote} high five
  • #646
  • Dec 11, 2014 9:41am Dec 11, 2014 9:41am
We are looking really good! Busted through my next level!

Edit: lets see if this turns support...I am looking at 4hr. In case you were wondering.
  • #647
  • Dec 11, 2014 9:44am Dec 11, 2014 9:44am
Attached Image


Yellow line
  • #648
  • Dec 11, 2014 9:46am Dec 11, 2014 9:46am
Gold is on its way down and hopefully we can see the euro fall off the map here.
  • #649
  • Dec 11, 2014 9:47am Dec 11, 2014 9:47am
We need 120 for donchian 40 breakout on the H1 (not that it matters, I'm just in a good mood so I feel like talking!)
  • #650
  • Dec 11, 2014 9:50am Dec 11, 2014 9:50am
Quoting chsortman
We need 120 for donchian 40 breakout on the H1 (not that it matters, I'm just in a good mood so I feel like talking!)

That would be lovely.
  • #651
  • Dec 11, 2014 10:37am Dec 11, 2014 10:37am
It wants 119.5... It wants it BAAADDDD....
  • #652
  • Dec 11, 2014 11:08am Dec 11, 2014 11:08am
Quoting chsortman
It wants 119.5... It wants it BAAADDDD....

We should get there buddy!! Some support is building as we speak.

Edit: Wouldn't mind some consolidation and continuation (above resistance)
  • #653
  • Dec 11, 2014 11:13am Dec 11, 2014 11:13am
119.50 seems to be a level of resistance. I know because that's where I last bought and lost lol. I think maybe a pullback is in the cards before the next move up!
Good luck and may the odds be ever in your favor!
  • #654
  • Dec 11, 2014 11:14am Dec 11, 2014 11:14am
seems to have some resistance in the 119.4 area wish it would push though now... it does seem to be holding in that area though which is good
  • #655
  • Dec 11, 2014 11:17am Dec 11, 2014 11:17am
Quoting dbutton1990
119.50 seems to be a level of resistance. I know because that's where I last bought and lost lol. I think maybe a pullback is in the cards before the next move up!
what kind of pullback would you expect if it doesn't break though......
  • #656
  • Dec 11, 2014 11:22am Dec 11, 2014 11:22am
lol...Guys we have just moved up 200 pips....its a bullish consolidation...IN MY OPINION..after a pretty good retracement.
  • #657
  • Dec 11, 2014 11:34am Dec 11, 2014 11:34am
Quoting TessiaFx
{quote} what kind of pullback would you expect if it doesn't break though......
a retest of 119-118.80
Good luck and may the odds be ever in your favor!
  • #658
  • Dec 11, 2014 11:35am Dec 11, 2014 11:35am
haha you have a point there we are being a little impatient I guess feeling a little wary after the retrace but it HAS moved really nicely it is more or less 140 up from my entry..... so time to relax a little I guess and just let it do it's thing
  • #659
  • Dec 11, 2014 11:35am Dec 11, 2014 11:35am
Quoting dbutton1990
{quote} a retest of 119-118.80
that kind of retrace before more of a move up I can live with
  • #660
  • Dec 11, 2014 11:36am Dec 11, 2014 11:36am
Quoting Rizmeister
lol...Guys we have just moved up 200 pips....its a bullish consolidation...IN MY OPINION..after a pretty good retracement.
Wicked, Just got in.

Made a grand total of 35 pounds.

Profit is still a profit though.

That is dinner sorted anyway. haha

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