Post your live Forex trades here...

[xelite777]

I'm not a forex trader by any means - never touch the stuff (this is just a "paper" trade), and I have no "reason" to short it other than the price action as viewed on a fifteen minute chart set up for a probably retrace of the rally from 141.35 - 141.75. If it were TSLA and it were 10:30 AM I'd have taken the same position.

To be quite frank with you, there seems to be some kind of breakout on the EUR/JPY (15 min) and that's why I am not comfortable with this long trade, but a trader cannot simply second guess his trading signals.

However, a signal on the short side could also appear soon, and in that case I will go short.

 

[contra]

However, a signal on the short side could also appear soon, and in that case I will go short.

And this would be the signal to TP on shorts.

 

[zbojnik]

Not sure about that one Zbojnik, I do not have any signal on USD/JPY.

It all depends on timeframe. We can be in uptrend on Daily and downtrend on hourly. So we should write what timeframe we looking at because that makes all the difference. But just for fun and to prove my point: What time-frame am I looking at?

 

[zbojnik]

Zbojnik, the Yen (USD/JPY) is forming a triple-bottom formation on the 15-min chart.

Like I said yesterday, this type of formation is usually very hard to break during the Asian session, so it's your call buddy.

Good luck.

Yeah that is even better that its triple bottom.;-)

 

[xelite777]

And this would be the signal to TP on shorts.

Yep.

And that means $2.98 profit for you right there, in your micro Forex account.
But hey, that's more than enough for a small cheesburger and a Coke.

Without the french fries of course, and assuming you have your McDonalds coupons.

 

[drownpruf]

Yep.

And that means $2.98 profit for you right there, on your micro Forex account.
But hey, that's more than enough for a small cheesburger and a Coke.

Without the french fries of course, and assuming you have your McDonalds coupons.

0/4. I think you need to retool this monster algo. om nom nom. It begs the question why you wouldn't fade this?

 

[contra]

haha this algo is killer...

 

[xelite777]

0/4. I think you need to retool this monster algo. om nom nom. It begs the question why you wouldn't fade this?

0/4, is that your IQ or your mental age, on a scale of 0 to 4?

 

[drownpruf]

haha this algo is killer...

I think he needs to turn it upside down. That's the problem.

 

[xelite777]

Yeah that is even better that its triple bottom.;-)

Well, that triple-bottom on the USD/JPY is still holding, at least for now...