that was decided when i went short so that was the plan.....the trend is changing slowly to up..but i do not want to take the effort to explain my reasoning.....i do not want to be made target for the many snipers here
Trading Forex
- Thread starter padutrader
- Start date
i have been trading fx since 2007
going to trade like a normal human being.....i want to show that i am one .....
and that i can trade conventionally...
i have so much know ledge it is waste to keep blowing accounts....
it was ok in order to learn to trade... though there are more conventional ways to learn....
and that i can trade conventionally...i have so much know ledge it is waste to keep blowing accounts....
it was ok in order to learn to trade... though there are more conventional ways to learn....
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Going long was a good move from my point of view. The signposts I'm looking at suggest to me that USDJPY switched from a bearish to bullish intraday tend a little over six hours ago.
I disagree and I'd be surprised if we see it push past 65 and I suspect were heading lower to the 107.19 area so therefore In my opinion padutrader should of stayed short and followed his original conviction. This information is based off using the 5 min chart that he posted. ( time will tell )
i made money both ways 9% approx..3400 usd ......and i am flat : i hit and run....do not expect any major move on a Monday ....will trade later if opportunity comes...if liquidity improves
i prefer having my money in my 'pocket'
incidentally that amount is my wife's salary for 5 months after 25 years of working in a major pharma company....that should put it in the right perspective
Exactly! I see USDJPY as having been falling ever since June 19th, and this hasn't changed, so yes, though it theoretically could, I wouldn't expect to see the pair push past 107.65 as well. In fact, if the asset does not climb back up above 107.44, I'd say it has already resumed it's southbound trajectory. But as long as the intraday trend was headed north, one might as well have taken what was offered, if a day trader, and switch back to a short position once the pair turned south once again. As for swing trading, that would be a different story.
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i am a scalper and i enter and exit precisely with my strategy.....
expect usdjpy to break the high it is not likely to break 107.21 may retest 107.25
looking to go long ....but i have internet problem so did not want to risk trading.....this happens occasionally....should get fixed in a few hours
looking at hourly it has not finished the down trend though the bulls are definitely interested.....looks like there will be a large range after which a down break out which will likely fail....but all this is a story to tell the grand children....it can change any time but it cannot change in secret......