What you guys thought about JPY? to me it is weakening and will reverse soon

This post has been edited by xShinji: Jan 21 2016, 10:38 AM

can you be more precise.
timeframe?
entry price?
exit price?

thanks for the interest.

the timeframe is daily (D1)

for entry price and exit price ..it depends on you ...i cannot simply tell it since it is all up to you to decide. not because i don't want to share .

why i chose daily timeframe ? it is because abit stable ,at least for me.

by the way ..the momentum for all pairs given are still valid ..at least for now.

observe your MM and risk . happy green pips everybody.


GU - sell
GJ - sell
EJ - sell
EU - undecided (waiting for high impact new on EUR and USD next 9-12 hours)
UJ - sell
AUDUSD - sell
NZDUSD - sell

thanks for the clarifications.
how long do you hold your positions on average?

hmm..that's abit subjective.

minimum 500 pips
max ? - sky is the limit. trailing stop activated to achieve profit.

Sometimes i opened 1 pips for 0.01 lot just to test it out.

Hi, can i check which is the cheapest securities firm that can trade forex/indices/commodities/equities?

my intraday orders as follows:

Long: USDCHF, AUDUSD, NZDUSD, EURUSD, USDCAD

Short: GBPUSD, USDJPY

I wanna ride the retracement on AUDUSD, will probably sell near 50% fibo on M15 tf. @0.6929 for 40pip TP &SL. May change my mind later

EDIT:Nope, i don't think there's room to sell. price reaching 50%fibo on H1 soon. Now waiting confirmation to BUY.



This post has been edited by CallOfLegend: Jan 21 2016, 01:07 PM

Why do you say nearly all wrong? Maybe you are referring to lower timeframes.

I have to say I concur with kevler's Daily Timeframe analysis

In forex. No one is wrong.

thanks for the compliment. appreciate that .
Yes . frankly i do lost money in trading in the past and i would say that i'm not proud of it

.. but we need to keep minimum risk and carefully handling our money management.



10% technicality , 90% psychology .

Please bear that in mind.

Happy green pips everyone.

well if you manage risk, that 90% psychology wouldn't be needed,
psychology is needed only if you gamble with big lots or hold and pray
cheers to green pips

wrong.
psychology is eliminated only when you automate it. using ea etc.
as long as you manual trade, manage your risk or not, psychology still involves.

^ i think this pretty subjective for different people?

Yes, there's some weakness but important short-ting decisions points are still holding it down. Until then its still going to go down.

Buy AUDUSD @0.6892, SL 0.6791, TP 0.6993.

My trade my own risk.

Edit: attach screenshot




on the other hand SL at 0.6852 might be enough, though i'm not sure myself. Trade invalid if H1 candle close below 0.6876

This post has been edited by CallOfLegend: Jan 21 2016, 02:04 PM

This thread is so intense. Nevermind, sharing my trading view.

NEW

Sell Limit EUR/JPY @ 127.40 / SL 127.80 / TP 126.40

This post has been edited by FXSignal: Jan 21 2016, 02:20 PM

Well my trading plan eliminates that for me unless if you don't have one of course