Best Thread Live Trading and General Chat Lounge

[D.Gilberto]

if this fails and aud/jpy keeps rising,i will probably have a go at that as well.These markets need to come off right now or a big spike up is on the way

Yeah. I`ve placed my stop on AUDJPY 1.5x the daily ATR level. So hopefully shouldn't get hit. I wanted to wait a fraction longer but in now and rest is waiting.

Glad there` some momentum now though.

 

[D.Gilberto]

83.555 was preferred entry short. Wasnt sure if it were going to make it.

 

[D.Gilberto]

Also watching USDCAD for potential long over this next half hour.

 

[Lord Flasheart]

83.555 was preferred entry short. Wasnt sure if it were going to make it.

yep,if they are going to turn its probably at these levels.I have 3 jpy pairs at crucial levels.The problem with early entries in this situation is that its more painful if it goes wrong as the loss is bigger

 

[Lord Flasheart]

your 83.55 would have been my entry price as well.This chart shows the line I have been looking at,and have similar patterns on at least 3 jpy pairs,which is why Im expecting a spike through or hopefully a fall away to help us both

 

[D.Gilberto]

yep,if they are going to turn its probably at these levels.I have 3 jpy pairs at crucial levels.The problem with early entries in this situation is that its more painful if it goes wrong as the loss is bigger

yup! Oh well. Just to let you know, I would have never entered early for the sake of taking the trade and being anxious in missing it. I took it early with an R;R of 1:1 but higher price wouldn't be marginally better by +7-+9 ish...

I guess for me I find reversal entries a tricky one and I guess it`ll only get better through experience.

 

[Lord Flasheart]

Markets stopped,the longer it stays at these levels the less I like it

 

[Lord Flasheart]

the lull before the storm,will it be up or down

 

[D.Gilberto]

EURJPY:

98.500 - 98.778 I have a zone of support and this being the first time resistance on a rounded retest I`d be looking to get short but only getting short toward the top if anything.

Might get in short if it goes half way between the two prices there. ^

 

[D.Gilberto]

Ah loads of potential set-ups!

Also eyeing up GBPUSD. Need to be careful here and be diligent with my set-ups.

 

[Lord Flasheart]

im still slightly hopeful the prices will fall away. I really thought the patterns looked good,lets see

 

[D.Gilberto]

im still slightly hopeful the prices will fall away. I really thought the patterns looked good,lets see

If its any consolation, Im not worried at all...

(just wanted to edit that im not insinuating you are either! just, expect this type of PA when catching reversals?)

 

[Lord Flasheart]

If its any consolation, Im not worried at all...

it does offer consolation as we want the same direction.May the trading gods shine on us both today

 

[Lord Flasheart]

chf/jpy spiked up,lucky our pairs didnt go with it

 

[Lord Flasheart]

short cable 1.5772 sl 1.5810

 

[Lord Flasheart]

i really like this cable short for 30 or 40,lets see

 

[D.Gilberto]

entered too GBPUSD:

Entry: 1.57742
SL:1.58101

 

[be-positive]

long eur/usd 1.2468

 

[be-positive]

trgs +7 /stop -7

 

[Lord Flasheart]

trgs +7 /stop -7

why have you switched to +7,is it a slight change to the method