Short EUR/JPY

This isn't a journal, it's an open discussion thread regarding (shorts on) E/J. Personally, I assume that any trade calls that aren't followed up were closed at B/E or at a loss. But it's really none of my business, at least in this thread (again, not a journal).

I'm here for the technical stuff and input/feedback from others. If you're expecting anymore, keep in mind that we're on ET...on the internet.

That being said, E/J doesn't want to die right now. On the sidelines for me! :)
 
Quote from sam0182:

RFT, looks like you caught a really nice entry on that short. That thing ran up really far, really fast and could be ready for some good downside action...that or further run-up to 165 and then reverse.

This run looks to be all news derived with the rate hold, yes? Combined with a little bit of technical support, I suppose.
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Here is my analysis of it. The asian session took it up and broke stops, then the europeans moved it up as it became to them clearer that the upside is better than the downside for today.

Then given the correlation of equities, americans move it even higher as stocks are up today.

But technically, it is not unreasonable for it to visit 165.00 as it is on a bollinger band. We will see if there will be a daily up trend or it is just a retest of highs and down.

I am biased and think it would go down, but I have to make stops and/or wait for the up move to be done.

As the saying "it is not over until the ... sings"
 
You can set stops anywhere you like and trade anyway you like. But waht I do not like is when someone writes in great detail about their 30 pips profit here or 20 pip profit there and then writes nothing about when they are wrong or losses. If one takes the time to be honest and pat one's back on the profits then it is silly to not discuss losses as they are part of trading.

Everyone at ET always tries to hide losses and make it look like they are trading geniuses and I just realized this is more of the same.

I wont distract from the charade here so good luck to all of you.
 
Quote from sam0182:

This isn't a journal, it's an open discussion thread regarding (shorts on) E/J. Personally, I assume that any trade calls that aren't followed up were closed at B/E or at a loss. But it's really none of my business, at least in this thread (again, not a journal).

I'm here for the technical stuff and input/feedback from others. If you're expecting anymore, keep in mind that we're on ET...on the internet.

That being said, E/J doesn't want to die right now. On the sidelines for me! :)
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Good post.

If I were that other individual, I would listen to an individual like you. Why? Because you wrote your thinking, and made actual trading calls. It is only the tiny minority that does this here on ET.

I would challenge all those other individuals to post their opinion on markets here at ET. We would then see who is less good, and who is better.The market by its nature, creates less winners than losers.
 
Quote from Mike Okistini:

You can set stops anywhere you like and trade anyway you like. But waht I do not like is when someone writes in great detail about their 30 pips profit here or 20 pip profit there and then writes nothing about when they are wrong or losses. If one takes the time to be honest and pat one's back on the profits then it is silly to not discuss losses as they are part of trading.

Everyone at ET always tries to hide losses and make it look like they are trading geniuses and I just realized this is more of the same.

I wont distract from the charade here so good luck to all of you.
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I wrote it here and on my blog my 00:something trade lost some, and the one at around 3AM lost more. If New York times was to publish my losing trades, I will submit it them no problem.

Think of losses as a cost of doing business. You want to lower it, and hopefully have it equal to zero. writing about is a good thing.
 
So the lower ascending line was breached without pause by the effect of fundamentally based sentiment it seems. The Elliot Pattern seems upward and rate of Elliot Wave fulfillment determined by deviation of news. Did that make any sense?

:D
 

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What a move to wake up to. I just took profit. I wonder if I would have been able to get all of this move if I was awake. Probably would have taken profit premature.
 
You cash those shorts out RFT or hanging in there for a larger move?

Knowing what I do of your trading, you cashed them out long ago and re-entered short over the last 30 minutes...am I right!? :D

I'm watching...patiently. No broker access.
 
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