111.77 is a very important level. I would only go short IF a close below that on the 1HR and sell the retrace up. I am more bullish though...

USD/JPY Discussion

I would wait for a close below 111.77 on the 1HR to short now, but I also need to see a close above 112 before going long... A little too funky PA for my taste, but god for scalps if that is your thing. I think I'll have a beer and start the weekend

USD/JPY Discussion

We might have a H/S forming on the 15min and 1HR chart. If 111.77 won't hold I see the next stop at 111.41. Otherwise 112.25

USD/JPY Discussion

Didn't notice your first chart was a 4HR chart...

Monthly Profit - Daily Trading using SMA

Hmm... What is the rationale behind going short, when it is a clear long entry two candles before your entry candle?

Monthly Profit - Daily Trading using SMA

x 1. There seems to be a confusion about pips and position size here... A pip is a pip no matter how you look at it. A gain/loss is the number of pips x your position size. When calculating your R:R you must look at the value of your account risked ...

Monthly Profit - Daily Trading using SMA

Hello all I have been following this discussion for some time now, and thought I would give my input. I have been trading much in the same way for a few years now, and I would define myself as a swing trader. I trade on the daily charts, with S&R ...

Monthly Profit - Daily Trading using SMA

Bulls make money, bears make money and pigs get slaughtered... Are you bullish or are you bearish EURUSD? Make up you mind and close the opposite open trade(s) Good luck & Green Pips

EURUSD

Honestly, I don't know where the price is heading... The only thing I can tell you is that it goes up and down. But hey, if you know where the price is heading, why dont you tell us? And I don't mean +/- 500 pips Seems there are a lot of fortune ...

EURUSD

You may make you trading a lot less frustrating if you would just accept that you don't KNOW if the price is going up or down... KNOWING that the price will drop only sets you up for huge losses and grief. Read the PA and accept that the price will ...

EURUSD

I would hold off with the short yet. Might bounce off the .0620 and go for .0650... Carefull

EURUSD

Looks like we're going north again. Back to 134.5?

EUR/JPY

That 133.50 seem very solid but I can't really see why it should be that strong

EUR/JPY

Looking very strong... It looks like we are blasting through 136, not risking anything atm.

EUR/JPY

Closed my shorts at 135.49. Looking to short again if we can break 135.40

EUR/JPY

I'll be initially looking at around 135.2x, but also seeing 134 and below...

EUR/JPY

Me too, short at 135.83 SL 136.15

EUR/JPY

Let's see if we can break 136 or if we will drop south towards 133.9... Inclined to short.

EUR/JPY

How do you mean the width (number of bars) expresses an equilibrium in price/value? Any number of bars are just an expression of time/price range in any given TF... The question must be how the HIPs/LOPs of that given number of bars in the decline ...

Trading consistently for profits