I have just set a limit short just below MA 100 and it's in overbought condition and given that all MAs are around each other, and given that on 30 minute it has entered the correction after a bull trend, I think the next move is a bear - if that's what's going to happen then the target is likely to be around 113.700, which is just above MA 20 on 30 minute
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a beginner's attempt at the pairs
- Thread starter big mac
- Start date
I'm short it while you are still ..
whatever you are doing
According to my research, dumb moneys enter during illiquid period and initiate excess short positions and since it's entering illiquid period, there might be excess selling in USDJPY soon, well fingers crossed.
for fck sake can anoyone trade off thsis sht??I have just set a limit short just below MA 100 and it's in overbought condition and given that all MAs are around each other, and given that on 30 minute it has entered the correction after a bull trend, I think the next move is a bear - if that's what's going to happen then the target is likely to be around 113.700, which is just above MA 20 on 30 minute
for fck sake can anoyone trade off thsis sht??
I don't think it will appreciate to the day high which was 114.500 area but it could be forming double top ... I really hope that it would not touch your stops and hope it depreciate soon, but I am afraid that there is momentum in upmove at the moment. MA 100 has gone higher so I also have changed the limit positions
don't you evere 2nd guesu meADD SJPY11440
I think usdjpy will appreciate to 115 today and just initiated a long at the possible bottom just below ma 20. Looks like the correction is finished. I am so determined to hold it like traditional pairs trading strategy
It wasn't a best day for profit but now I can see clearly where speculators steps in to correct price errors (i.e. stabilize huge volatility in price) caused by commercial traders.
Besides, when there is no resistance/support above/below then, there is a high probability that there could be a huge spike (unlimited risk) after a rebounce.
Besides, when there is no resistance/support above/below then, there is a high probability that there could be a huge spike (unlimited risk) after a rebounce.
don't you evere 2nd guesu me
I can now observe speculators move using my volatility measure and volume measure (liquidity measure), had a good series of winning trades after. Before, I only relied on volatility but I had to observe volume to complement my system. I can now give you better commentary
Audusd, on 1 m, I am waiting for double bottom, made a small profit at expected spike but now aiming to get bigger profit.
Usdjpy, on 30 m, it's going through a correction but on a micro scale, it's having a bull trend, so just waiting for it to depreciate below ma100.
Eurusd , not really interested at the moment...
Usdjpy, on 30 m, it's going through a correction but on a micro scale, it's having a bull trend, so just waiting for it to depreciate below ma100.
Eurusd , not really interested at the moment...