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EURUSD

  • #1,025,861
  • Sep 14, 2015 10:40pm Sep 14, 2015 10:40pm
Quoting Sayy29
{quote} I'm Short For EJ At 136.20. I'm Scared Though. I Dont Know If I Should TP & Run Or Be Tough & Ride It Out.
See where this 4 hour ends, if it engulfs you have a shot. You're too close to support for my taste, the better trade was higher

regardless anything over 136.41 and I'd pull the plug, do not be surprised to see 136.35 get a retest

Are you over leveraged? If higher than 136.41 will cause you a significant loss, then you should close the trade and use less leverage. Regardless of the outcome.
  • #1,025,862
  • Sep 14, 2015 10:40pm Sep 14, 2015 10:40pm
Quoting dCtrader15
{quote} Nice... your right in line with my analysis on Gpb/Jpy once we didn't close above 185.80 on the 4hr... Post 11,822 on Dragon Riders GBP/JPY... Although, Currently on Gbp/jpy it bounced off the 50Fib Fan... Good chance it will close right above/around the 38.2Fib Fan on the Daily {image}
2 Newbies Lol ..Hopefully We're Onto Something Here
Demo? What's A Demo?
  • #1,025,863
  • Sep 14, 2015 10:42pm Sep 14, 2015 10:42pm
Quoting Pharm0r
{quote} would be funny to shake the branches
Yell 'Fire Fire Fire' they will be falling like apples

UJ 120.00 support

Will it break?

Unlikely just because of the monetary policy statement
  • #1,025,864
  • Sep 14, 2015 10:46pm Sep 14, 2015 10:46pm
Quoting Ken A
{quote} Yell 'Fire Fire Fire' they will be falling like apples UJ 120.00 support Will it break?
I really cant believe the video didn't end that way...I wouldnt have been able to resist

Where are you EU?
  • #1,025,865
  • Sep 14, 2015 10:47pm Sep 14, 2015 10:47pm
Quoting Sayy29
{quote} I'm Short For EJ At 136.20. I'm Scared Though. I Dont Know If I Should TP & Run Or Be Tough & Ride It Out.
I got a longer term short order on Eur/Jpy from 136.80...

It bounced right off my 89sma and looking for at least 133.00 to finish that minor wave...

Then re-assess for a another possible wave, or a stronger push down...
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  • #1,025,866
  • Sep 14, 2015 10:48pm Sep 14, 2015 10:48pm
Quoting Pharm0r
{quote} See where this 4 hour ends, if it engulfs you have a shot. You're too close to support for my taste, the better trade was higher regardless anything over 136.41 and I'd pull the plug, do not be surprised to see 136.35 get a retest Are you over leveraged? If higher than 136.41 will cause you a significant loss, then you should close the trade and use less leverage. Regardless of the outcome.
Okay. I See What You Mean. I'm Still Working On My Timing. But I'm Not Over leveraged. I Didn't Risk Much.
Demo? What's A Demo?
  • #1,025,867
  • Sep 14, 2015 10:52pm Sep 14, 2015 10:52pm
Quoting Sayy29
{quote} 2 Newbies Lol ..Hopefully We're Onto Something Here
lol

Might be new to sharing my thoughts online, but I've been in this for a little over a decade...

Either way, happy trading for us...
  • #1,025,868
  • Sep 14, 2015 10:52pm Sep 14, 2015 10:52pm
Quoting Sayy29
{quote} Okay. I See What You Mean. I'm Still Working On My Timing. But I'm Not Over leveraged. I Didn't Risk Much.
Then you're on your way

whats your target
  • #1,025,869
  • Sep 14, 2015 10:53pm Sep 14, 2015 10:53pm
Quoting dCtrader15
{quote} I got a longer term short order on Eur/Jpy from 136.80... It bounced right off my 89sma and looking for at least 133.00 to finish that minor wave... Then re-assess for a another possible wave, or a stronger push down... {image}
It's Your World.. I'm Just Living In It Lol
Demo? What's A Demo?
  • #1,025,870
  • Sep 14, 2015 10:58pm Sep 14, 2015 10:58pm
Quoting Sayy29
{quote} It's Your World.. I'm Just Living In It Lol
lol... we are all just living in it...

"The world is yours!"
-tM
  • #1,025,871
  • Sep 14, 2015 11:02pm Sep 14, 2015 11:02pm
Quoting Pharm0r
{quote} Then you're on your way whats your target
Im Not Really Sure. Lol I Was Thinking Around 135.76 Then I Was Going To Go Long. But Mann I Dont Know Lol
Demo? What's A Demo?
  • #1,025,872
  • Sep 14, 2015 11:15pm Sep 14, 2015 11:15pm
Quoting seemoore
... then expect very hawkish press conference, well, hawkish for Yellen, so imagine a mean sparrow.
  • #1,025,873
  • Sep 14, 2015 11:18pm Sep 14, 2015 11:18pm
Quoting Sayy29
{quote} Im Not Really Sure. Lol I Was Thinking Around 135.76 Then I Was Going To Go Long. But Mann I Dont Know Lol
You should know it before the trade, same with stop

plan plan plan execute

bbl- good luck
  • #1,025,874
  • Sep 14, 2015 11:26pm Sep 14, 2015 11:26pm
Quoting Pharm0r
{quote} would be funny to shake the branches
On a trip to Marrakesh with some of my clients I asked "What will happen if we take a stick and shook some of the branches?" (we were lit off hashish)

Surprisingly they balance unbelievable well... but soon after they decided to all have a rush for the Stump and left the tree... guess they thought it was going to fall, lol

(kind of scary when your lit because everyone except the farmer thought the goats were going to come after us)

I never saw anything like it...

The farmer eventually got one of his goats, and made a Nice roast stew with it...
  • #1,025,875
  • Sep 14, 2015 11:32pm Sep 14, 2015 11:32pm
Quoting Pharm0r
{quote} You should know it before the trade, same with stop plan plan plan execute bbl- good luck
Sayy29...

I fully agree with him on this one... ALWAYS have a plan, Then.... Execute on it.
  • #1,025,876
  • Sep 14, 2015 11:37pm Sep 14, 2015 11:37pm
Quoting dCtrader15
{quote} Sayy29... I fully agree with him on this one... ALWAYS have a plan, Then.... Execute on it.
Well The Reason Why I Say That Is Because Of The Things I've Been Reading. Particularly This http://www.forexfactory.com/showthread.php?t=245149 .. It Was Saying How Putting A TP On A Order Limits Your Trade.. I Guess This Is Wrong. Lol


Whats Your TP On EJ?
Demo? What's A Demo?
  • #1,025,877
  • Sep 14, 2015 11:41pm Sep 14, 2015 11:41pm
Quoting Sayy29
{quote} I'm Going To Aim For Even Lower Than 120.50. If You Look At The Daily, There Is A Huge Conventional Head & Shoulders. So I'm Guessing It's Preparing For A Long Term Drop.. But Hey Who Knows, I'm Just A Youngin Out Here Trying To Learn.
Order was closed on UJ, I picked up ~ 50 pips... (which was nicely leveraged) BUT i'm Happy with my order, NO matter what happened after/or i believed during the movement...

NOW, I can relax, take it easy for a little, then look for another short term position to lever.

Consistency in your plan and execution will make you a great trader because anything can happen in the blink of an eye!
  • #1,025,878
  • Sep 14, 2015 11:49pm Sep 14, 2015 11:49pm
Quoting dCtrader15
{quote} Order was closed on UJ, I picked up ~ 50 pips... (which was nicely leveraged) BUT i'm Happy with my order, NO matter what happened after/or i believed during the movement... NOW, I can relax, take it easy for a little, then look for another short term position to lever. Consistency in your plan and execution will make you a great trader because anything can happen in the blink of an eye!
You're Right.. My Biggest Thing Is Just Longterm Trading. I'm Trying To Get The Hang Of It. Like, I Can't Tell When A Trade Should be Held For Days. The Start Of Trends, Or The Target Of A Longterm Trade.. For Instance, How Everyone On Here Says That EU Has A "NORM" Of 1.14. How Do They Know This ? Lol ..& What In The World Is Norm? Lol
Demo? What's A Demo?
  • #1,025,879
  • Sep 14, 2015 11:51pm Sep 14, 2015 11:51pm
Quoting Sayy29
{quote} Well The Reason Why I Say That Is Because Of The Things I've Been Reading. Particularly This http://www.forexfactory.com/showthread.php?t=245149 .. It Was Saying How Putting A TP On A Order Limits Your Trade.. I Guess This Is Wrong. Lol Whats Your TP On EJ?
As a longer term position which isn't leverage too much around TP @133.00 but could change and I can close sooner if the Fundamentals are in line with the Techs...

And in the case of a reversal, my risk is .25% (r/v)...

But you gotta trade your own... don't just follow the next guy, sometimes you'll have to take a minor loss, but just move on.. believing in your trades and yourself will build your confidence to do numbers in this industry.

A great example of that today was KiwiTrada on Post 1,025,857, he understood what he was getting into, had a plan with the confidence to back it up, then 3-4hrs later it paid off... (although I don't know his TP, but i give him credit because I was on that same boat and it paid off for me, lol) Its experience, you'll be fine.
  • #1,025,880
  • Sep 14, 2015 11:59pm Sep 14, 2015 11:59pm
I've noticed that over the past couple of days there's hardly any post on the thread's subject, EURUSD. Can I take that to mean that you are all losing on it?
LOL
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