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long eur/jpy, gbp/jpy, usd/jpy

  • Post #1
  • Quote
  • First Post: Jan 5, 2016 7:53am Jan 5, 2016 7:53am
I think is good time now to long and buy currency pair
Eur/jpy gbp/jpy usd/jpy
This few days too adnormal .
dun be greed to follow the crowd.
It will be a sudden reverse spike back soon.
Enjoy the coming profit for those buy eur/jpy. Gbp/jpy or usd/jpy
This 2 days 400 pip .. so there be at least 100 pip reverse as of now...buy buy buy...profit..
You ever considered those might fall additional 400 pips? Your SL large enough? Confirmation of the uptrend?

So the logic is "if something has fallen 400 pips, it should reverse"? Take a look at charts and evaluate how much time securities spend in "reversing" from the main downtrend.
just profit 80pips...long long.. eur/jpy gbp/jpy usd/jpy
will continue to hold. Reducing size for long term hold
Erm.... why? Just a hunch?
Quoting forexpoor
just profit 80pips...long long.. eur/jpy gbp/jpy usd/jpy will continue to hold. Reducing size for long term hold
So you went long GBP/YPY at 173,80 today?
You went long USD/YPY at 118,30 today?

I need to call my brokerage and tell them my charts didn't draw those prices, I will sue them!
Typical loser
GJ is forming a bump and run pattern and could reverse around 171 - strong s/r there too and that should complete the "bump." Still, that's 250 pips off May be worth a buy with tight-ish SL at 171.0 for 700 pip profit ​
Time to rocket
Quoting pressok
Time to rocket
Not quite yet
Quoting forexpoor
I think is good time now to long and buy currency pair Eur/jpy gbp/jpy usd/jpy This few days too adnormal . dun be greed to follow the crowd. It will be a sudden reverse spike back soon. Enjoy the coming profit for those buy eur/jpy. Gbp/jpy or usd/jpy
Leraned your lesson the hard way?

Something that has fallen for 400 pips has more than 80% chance it will continue falling...Wait for the confirmation of the reversal, if you enter higher in a false bounce, your SL size will be A LOT less than what you have to do now - emotionally assess how much you're willing to lose by catching a falling knife.
Once you have learned that, you will cut your losses significantly.
  • Post #12
  • Quote
  • Last Post: Jan 7, 2016 10:20am Jan 7, 2016 10:20am
Quoting DemoAntares
{quote} Leraned your lesson the hard way? Something that has fallen for 400 pips has more than 80% chance it will continue falling...Wait for the confirmation of the reversal, if you enter higher in a false bounce, your SL size will be A LOT less than what you have to do now - emotionally assess how much you're willing to lose by catching a falling knife. Once you have learned that, you will cut your losses significantly.
Aww, don't be so harsh . The timing is a bit out, that's all. That will come with practice. And sod the "wait for confirmation" lark - you want to be first in there, not wait for the herd!

Anyway I'm in on GJ long like I said yesterday and secured BE at 1:1 at 100 pips. Let's see if that can reach 7-800 pips...
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