{quote} it 'kissed' me out for +50green
Lets hope it shares the love and kisses me too.
Intelligence is the ability to adapt to change. Stephen Hawking
- #49,104
- Jan 8, 2015 4:17am Jan 8, 2015 4:17am
- Joined Dec 2013 | Status: Trader | 1,680 Posts
Sad i'm not trying to understand PA
- #49,105
- Jan 8, 2015 4:18am Jan 8, 2015 4:18am
- | Joined Dec 2014 | Status: Trader | 1,026 Posts
Positive anything is better than negative thinking.- Elbert Hubbard
- #49,106
- Jan 8, 2015 4:20am Jan 8, 2015 4:20am
- | Joined Dec 2014 | Status: Trader | 1,026 Posts
Positive anything is better than negative thinking.- Elbert Hubbard
USDJPY week 02 8 Jan If you are a Position Trader and look for entry, tomorrow can be a possible trade opportunity using D chart. But the risk is the momentum seen using D chart TDI is still to the downside. D chart candle will most likely closed bullish across that 119.81 level. Wait till NY close today. H4 traders missed the 3-bar bullish setup earlier after the resistance region was broken. H1 traders missed the break of prev Day high opportunity, so now must wait for a pull back. {image}
Unfortunately I was one of those who miss interpreted the signals yesterday, and din't look correctly at graphs, indicators etc etc....
Although, yesterday I found the trend to be strong in D as I got it from the move of TDI, but looking now to the evolution of PA seems that what happened until now was a pull back in the bigger picture, I thought that the down trend will continue, at least will test maybe, again the yesterday low zone (low ADR..), but actually it gone up up up in the direction of bier trend (200EMA).
That sell was wrongly put against the trend.
Although it's test account (demo), I'm still frustrated cuz I think I got the move, give up to the " itchy finger"...
and finally totally mess it up! But all things for the best I'm learning from all of this...Looking to the pics it's pretty much evident that this pair will try to test again the resistance area which is in the 120.00 zone, or at least this is what I think.
- #49,108
- Jan 8, 2015 4:21am Jan 8, 2015 4:21am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
{quote}
kinda like this bounce on AU H1
and GA H1
Appreciation is the key to wealth and happiness
- #49,110
- Jan 8, 2015 4:27am Jan 8, 2015 4:27am
- | Joined Dec 2014 | Status: Trader | 1,026 Posts
{quote}
Positive anything is better than negative thinking.- Elbert Hubbard
- #49,111
- Jan 8, 2015 4:30am Jan 8, 2015 4:30am
- | Joined Jan 2014 | Status: Trader | 1,147 Posts
finally start with real account today after learn since december.. today result 77 pips.. newbie luck....{image}
{quote}
Intelligence is the ability to adapt to change. Stephen Hawking
- #49,114
- Jan 8, 2015 4:41am Jan 8, 2015 4:41am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
finally start with real account today after learn since december.. today result 77 pips.. newbie luck....
how did you get that window showing points?
Appreciation is the key to wealth and happiness
- #49,116
- Jan 8, 2015 4:59am Jan 8, 2015 4:59am
- Joined Feb 2009 | Status: Trader | 1,038 Posts
Thanks for your help, warmth and straight talking Heather.
- #49,117
- Edited 5:19am Jan 8, 2015 5:09am | Edited 5:19am
{quote} Hi nefilim are you still trading 5 pips on 15m ? if so what stop loss do you use ? and do you trade with the trend ? cheers m
my SL is 20 pips..,i know this is not a good risk reward, that's why i make sure i got perfect setup..
but when price move fast and very strong trend like today, i trade on TF H1..
{quote} I like that window. congrats Nef. how did you get that window showing points?
only 100 pips / week
- #49,118
- Jan 8, 2015 5:28am Jan 8, 2015 5:28am
- Joined Nov 2008 | Status: Trader | 50,211 Posts
{quote} Will you take profit at 1.45 or let it run until NYO?
This is a D chart trading example and the entry today is very late if we see how many candles the trend has ran since the master candle consolidation breakout. See chart below.
Today trade entry is based on the previous day Inside Bar seen as consolidation.
PA is now around two weekly price swings 1.4576 and 1.4551 and very close to our entries made today. The weekly range is near exhaustion.
Much further down are areas where we must watch out for market reaction.
The trade management would be different if we had already entered on the MC breakout and build up many positions by now.
Now I have to watch the H4 for the first sign of a major correction. Will be tough to keep the 2nd open position in profit.
The 1st position I can protect at the average entry price and not give back too much to the market in case there is a major correction.
Tomorrow is Friday, and we should be looking out for some pull back as many sellers would close their positions ahead of the weekend.
Also tomorrow we have Aussie retail sales data release, and that can weaken AUD on intraday.
It is risky with the Eurozone problems in the limelight again and weekend events.
regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #49,120
- Jan 8, 2015 5:48am Jan 8, 2015 5:48am
- | Joined Dec 2014 | Status: Trader | 1,026 Posts
Positive anything is better than negative thinking.- Elbert Hubbard