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Bull City Baby! Buying Opportunities

  • #1,421
  • Dec 22, 2014 11:00pm Dec 22, 2014 11:00pm
Quoting benaiah
{quote} Only way to enter, imo is when price finds support on a retrace. But on strong uptrends like with UJ right now, the retraces are very shallow. I see at least 4 entry points last couple days on H1 chart on this move up. Like I said, I primarily trade off M1, but I watch all time frames... Price is finding support right now on H1, but does still need to break the prior high on this upward move to confirm it won't turn back. But that is always the risk on any entry, will it keep going or not? I have already entered on lower time frame, but...
so ur entry point is always 1M ?
  • #1,422
  • Dec 22, 2014 11:07pm Dec 22, 2014 11:07pm
Quoting mk5
{quote} so ur entry point is always 1M ?
Yes primarily. I don't always follow my own rules, and I usually regret it when I don't...
  • #1,423
  • Dec 22, 2014 11:34pm Dec 22, 2014 11:34pm
Quoting benaiah
{quote} Yes primarily. I don't always follow my own rules, and I usually regret it when I don't...
could u share more on ur entry using 1M?
  • #1,424
  • Dec 23, 2014 8:04am Dec 23, 2014 8:04am
Quoting pippiphooray
{quote} If we get that, and you couple it with the lower volume holiday trade coming up, we have a chance of progressing into a sellers strike.
Pippiphooray wakes to check his long positions in U/J to find the seller's strike is in full effect. Decides to let them run their course, and leaves to wrap presents. Happy holidays everyone, and to all a good night!

PPH
  • #1,425
  • Dec 23, 2014 8:50am Dec 23, 2014 8:50am
Quoting pippiphooray
{quote} Pippiphooray wakes to check his long positions in U/J to find the seller's strike is in full effect. Decides to let them run their course, and leaves to wrap presents. Happy holidays everyone, and to all a good night! PPH
Change of plan...Apparently we are hosting holiday dinner...I have to go and shop. Out at 70 level.. #notasecondthought.
  • #1,426
  • Dec 23, 2014 9:18am Dec 23, 2014 9:18am
Captured 60 pips on that move up...will wait for signal to re-enter
Good luck and may the odds be ever in your favor!
  • #1,427
  • Dec 23, 2014 10:02am Dec 23, 2014 10:02am
Attached Image


Decent month considering the conditions.
  • #1,428
  • Dec 23, 2014 10:50am Dec 23, 2014 10:50am
Quoting mk5
{quote} could u share more on ur entry using 1M?
It's hard to share in real time, since things happen so fast. So, I usually only share trades that I end up riding through signals on higher time frames.

Here's an entry I took a few minutes ago. I will be watching to see if price can get above the last swing high, and ride it out. If it looks like it can't get up there, I may close out. It's a 7 pip SL, which is why I like this type of trading - I hate watching my trades in draw-down. With this type of trading, there will never be draw-down for more than a few minutes. I'm either right and I profit, or I'm wrong and SL is hit, and I wait for the next opportunity.

Having said all of the above, there are also many, many things to consider, same as higher time frames (I cannot explain it all, and it would be off-topic on this thread), but since the price action moves faster, you have to change your view quickly and often. I am not recommending this way of trading, as I know most would not like trading this way, but it's the only way that allows me to trade stress free, as I never worry about any trade in draw-down as long as I follow my rules...
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM1.png Size: 39 KB
  • #1,429
  • Dec 23, 2014 11:43am Dec 23, 2014 11:43am
121.30 is the next target. Will probably TP at 121.18.
  • #1,430
  • Dec 23, 2014 11:45am Dec 23, 2014 11:45am
Quoting benaiah
121.30 is the next target. Will probably TP at 121.18.
Good man ben
  • #1,431
  • Dec 23, 2014 12:18pm Dec 23, 2014 12:18pm
Benaiah dbutton and anyone else who was in nicely done on your trades and profit..... got in last night at 119.9 with a stop of 10 pips as it seemed like a high entry point but rather happy with it so far..... would love to see 121.3
Riz well done!! very decent month
  • #1,432
  • Dec 23, 2014 12:34pm Dec 23, 2014 12:34pm
Just bought back in. Target is open. Stop at 120.50
Good luck and may the odds be ever in your favor!
  • #1,433
  • Dec 23, 2014 12:35pm Dec 23, 2014 12:35pm
Got in a bit late last night at 120.13. +50 pips today. Still learning to trust it, in a out a couple times but none the less a positive gain!
  • #1,434
  • Dec 23, 2014 12:36pm Dec 23, 2014 12:36pm
Quoting TessiaFx
Benaiah dbutton and anyone else who was in nicely done on your trades and profit..... got in last night at 119.9 with a stop of 10 pips as it seemed like a high entry point but rather happy with it so far..... would love to see 121.3 Riz well done!! very decent month
Thank you! Nice job to you as well!!!
Good luck and may the odds be ever in your favor!
  • #1,435
  • Dec 23, 2014 12:36pm Dec 23, 2014 12:36pm
Quoting Rizmeister
{image} Decent month considering the conditions.
Awesome Job Riz!
Good luck and may the odds be ever in your favor!
  • #1,436
  • Dec 23, 2014 12:37pm Dec 23, 2014 12:37pm
Shoutout to Ben for creating this thread. The other thread that we all participated in before this one is very negative. Can't stand to post in there anymore.
Good luck and may the odds be ever in your favor!
  • #1,437
  • Dec 23, 2014 12:42pm Dec 23, 2014 12:42pm
Quoting dbutton1990
{quote} Thank you! Nice job to you as well!!!
Thanks

Quoting dbutton1990
Just bought back in. Target is open. Stop at 120.50
I've moved my stop to + 60 think I might take away my target and leave it open too actually I quite like that..... and agreed about this thread thanks a lot Benaiah for creating it!!!

jbtrade nicely done that a very decent gain!!
  • #1,438
  • Dec 23, 2014 1:03pm Dec 23, 2014 1:03pm
Sorry, can't always respond to everyone, as I'm busy watching the 1 minute chart

But thank you all for positive feedback on the thread. And good to see good trading results as well from several here. And love the back and forth encouragement.

I know I'm probably a little too focused at times to keep this thread focused, and free of negativity, and end up being a little trigger happy with the ignore button. But I don't think it's really that big of a deal, since everyone and anyone are free to read all of the posts here from all of us.

And if someone really wanted to be able to post here again, and were sincere about it, they could find a way to communicate this to me, and I'd consider unblocking them and giving them another chance...

Happy trading to all! And hope everyone continues to enjoy living in Bull City Baby!
  • #1,439
  • Dec 23, 2014 1:27pm Dec 23, 2014 1:27pm
Quoting benaiah
Sorry, can't always respond to everyone, as I'm busy watching the 1 minute chart But thank you all for positive feedback on the thread. And good to see good trading results as well from several here. And love the back and forth encouragement. I know I'm probably a little too focused at times to keep this thread focused, and free of negativity, and end up being a little trigger happy with the ignore button. But I don't think it's really that big of a deal, since everyone and anyone are free to read all of the posts here from all of us. And if...
Well what you have done seems to have worked brilliantly. Happy trading to you too
  • #1,440
  • Dec 23, 2014 1:31pm Dec 23, 2014 1:31pm
So, we remain in consolidation for now. 120.79 is the last swing high that needs to be taken out. Last 4.5 hours, trading in a range. But the breakout should be nice and looks to make another run at it soon...

If price bounces off 120.79 again, I may TP and stand aside to see if it can again find support above the last swing low at 120.55 before entering again...
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