Time to buy soon
- #56,822
- Apr 30, 2015 12:48am Apr 30, 2015 12:48am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Some risky sell because the signal is on correction . Some signs of aggresive sellers and diminished demand on D+W+M timeframes. I will not take this entry long term, the flow of money is up but the correction may be sharp. The entry would be :
Money moves the market, not an indicator.
- #56,823
- Apr 30, 2015 8:10am Apr 30, 2015 8:10am
- | Joined Aug 2013 | Status: Trader | 1,289 Posts
UJ Long at 118.8sh TP 119.5 120.0 120.5 121 121.5 small lot will see.
29 hours..
- #56,827
- Edited 5:03am May 1, 2015 4:12am | Edited 5:03am
- Joined Sep 2014 | Status: Trader | 4,176 Posts
- #56,834
- May 2, 2015 12:39am May 2, 2015 12:39am
Im not certain that it will go back to support, it already went past 120 now. Goldman says this year yen will close at 130.. it makes sense to say by jun, yen would hike over resistance and go to 135, and trades will stick on that level.
Lol true! i make $3000 and then lose more than half of it yesterday. 
to sell when every one buy, and turns out that it booms to 120. Bad decision.
"total confusion and chaos.if you made anything last month on this pair you are a pro!"
to sell when every one buy, and turns out that it booms to 120. Bad decision.
- #56,835
- May 2, 2015 10:28am May 2, 2015 10:28am
- Joined Jun 2009 | Status: Trend Trader | 6,325 Posts
Im not certain that it will go back to support, it already went past 120 now. Goldman says this year yen will close at 130.. it makes sense to say by jun, yen would hike over resistance and go to 135, and trades will stick on that level. {quote} Lol true! i make $3000 and then lose more than half of it yesterday.
If you think you can or cannot do it you are correct
- #56,836
- May 2, 2015 4:09pm May 2, 2015 4:09pm
Thanks, Yeah i dont really follow Risk Management well. Typically my system is to check on the trend zone on 1D or 4H, if it still hanging on 118 - 119, then change to M5 and i take the profit there by using High and Low.
But if the trend break and i was away, lose will occurs. But atm my lose and profit is about 1.25:1 for every trade so i still grab the money there.
Most of the time i check on the trend at investing.com to see whether technical analysis still follow buy or sell trend to what i had forecast. It work most of the time.
But if the trend break and i was away, lose will occurs. But atm my lose and profit is about 1.25:1 for every trade so i still grab the money there.
Most of the time i check on the trend at investing.com to see whether technical analysis still follow buy or sell trend to what i had forecast. It work most of the time.
- #56,838
- May 3, 2015 12:10am May 3, 2015 12:10am
Its all depend on market, atm pivot point still at 119.2/.4. and support 3 still at 115. But i think you may want to take a new trade long to 121 or 122 as resistance 3 still at 123.00. if you have one bad trade you didnt close, just keep it linger a little while more. within 1 or 2 week, market will test back on support. You may still make profit or had a lesser lose.
I usually do like this, once bad trade happened, make a new trade to follow the trend on 1D or H4. and close your bad trade when you can accept the risk. the reward counter back the risk so i dont lose anything at all.
on the other hand, US data is weaker than Japan. overall Japan data is in good term. Plus several currency strategist is pending short for USDollar, and last week Euro gain over USD. GBPJPY is flat atm. Yen can still drag back to 118 range. Monitor on monday for USD Factory Order. If it long to 122 at r2, it will change range between 120 - 130 for at least 2 weeks, so better to change your strategy.
but market do whatever it want right? be wary of the big hands.
I usually do like this, once bad trade happened, make a new trade to follow the trend on 1D or H4. and close your bad trade when you can accept the risk. the reward counter back the risk so i dont lose anything at all.
on the other hand, US data is weaker than Japan. overall Japan data is in good term. Plus several currency strategist is pending short for USDollar, and last week Euro gain over USD. GBPJPY is flat atm. Yen can still drag back to 118 range. Monitor on monday for USD Factory Order. If it long to 122 at r2, it will change range between 120 - 130 for at least 2 weeks, so better to change your strategy.
but market do whatever it want right? be wary of the big hands.
- #56,840
- May 3, 2015 11:52pm May 3, 2015 11:52pm
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,773 Posts
The things that we love tell us what we are Thanks Redsword11 and Tim Morge