sl set to breakeven

Morning. May the pips be with you. Good luck to all.

What i'm expecting today...can be right or wrong...

EURJPY



EURUSD

AU if break 0.7337 it may go further down. EJ doesn't retrace as i wanted, long term still bearish.

EDIT:
waiting to sell AU


EDIT 2:
GBPUSD


This post has been edited by CallOfLegend: May 9 2016, 06:26 PM

sell AUDUSD 0.7349. sl 0.7409, tp 0.7267.
My trade my own risk.

Edit:
EURUSD expectation, C break lower than A, price may (or may not) retrace to 1.1394. Then wait conformation to sell.



This post has been edited by CallOfLegend: May 9 2016, 07:31 PM

Congratz. EJ shows no sign of stopping. I'm guessing it'll go pass 124.54. Waiting it go there and will eye for downtrend pattern.

i reduce SL for AUDUSD to 0.7367. Hope it didn't break 0.7362

you use lot size too big. For starters, use 0.01 lot.

my AUDUSD trade failed. At least managed to reduce loss. EURUSD trade still floating.

Edit:
GU hit TP for 46pips at 1.4453. It may go further up though i'm not so sure myself.

This post has been edited by CallOfLegend: May 10 2016, 05:47 PM

AU continue to go down. Maybe i shouldn't reduce SL

GU analysis from tin kosong. Take it with a grain of salt.

Expecting price to retrace to 1.4409 and wait blue arrow to buy. SL about 37pip, TP 48pip or more.

AU H1 looks like it want to uptrend

i open trade already, AU buy 0.7367. SL 0.7301 TP 0.7458.



This post has been edited by CallOfLegend: May 10 2016, 11:07 PM

somehow i feel too rush. I need to calm down. Maybe i'll go to sleep

i need to use SL cause i need to sleep at night, and cause i don't monitor chart everytime. Also i don't have solid exit strategy. Besides, SL is like lightning arrestor for your PC. Should something unexpected happen it's there as safety measure.

hmmm GU 1.4444 probably a good entry for buy

cause i think it the sweet spot price for my entry. If i wait the price may move farther made me loss chance for entry.

GU i set TP to 1.4516. currently floating 20pips.

It's hard for me to time exact entry. Don't know how to do also. I try to make my trading simpler.

GU almost hit SL and can hit anytime. I need to study more. Will read about trade timing next. Run away from this thread for a while.