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Thread: EUR/JPY

  1. #221
    Quote Originally Posted by ;
    quote it indies that if you had your discontinue at 132.6, then you'd have been spared
    That would've given my initial, second, and third carry profits a risk/reward of 0.50, 0.75, and 1 respectively - hardly a trade I or anyone else would take. I would have a commerce with greater compared to a 1 to 1 risk/reward ratio in my trading When I paid heed to this 20 MA offset in placing stop losses trading both the 1 and 4HR charts. I put my stop in the previous high since all it'd take if this resistance around 131.80 is broken would be a greater low for bullish bias to seep in and move against me.

    The actual problem is price not respecting key levels and moving frantically and unpredictably in whatever way it and/or the market manufacturers choose. In this case, it was nearly 100 pips up prior to the true move, taking me and I am convinced a lot of other frued retail traders from this sport. Probably the 4th time it's happened in the last two weeks because I still can not figure out a long term, maybe not trade by commerce, solution to entering positions that ride price easily while avoiding the ones preceded by whipsaws, sudden consolidation, random price action, etc.. I am being carried out on deals in the present time since it's difficult to be cautious of these unexpected happenings while grabbing the quick and thoroughly voluminous moves.

  2. #222
    Yeah, I believe anybody would have a hard time day trading these markets till they are investing a grid or have a long-term trade on. I have a win rate with 1:1 R/R in the last 2 weeks. Absolutely terrible...

  3. #223
    Quote Originally Posted by ;
    It's remarkable. I should start posting every time I enter a trade so everyone here will STAY OUT or take the side as the market has stopped me from every trade in the past 2 weeks. I moved short around 131.35 in anticipation of this highly probable move that would occur down and got stopped out all the way up at 131.90. I'm not positive whether this spike was news related or the market makers had me and bears in their sights but it's discouraging to say the least. Did any traders stay out and for what reason? Could the bullish spike...
    term of advise take it or leave it, it is totally up to you.

    I don't understand why people exchange with stop losses, smh... anyhow bro. Use 1000-1 ratio bro. If you have $100 in your account trade @ 0.01 a pip.
    That trade needs to go above or below 500pip for you to$50 if it'd chunk into your account, which likely won't reach this stage.

    Hey stop loss might work for those who in an unsure trade and departing the workplace for 3 hours and there is big news coming out, whatever your reason might be, but in nature trade mental prevent loss. You'd be in the green, if you stayed inside to get a bit longer, just then.

    Hey man its your choice bro. I'm shocked that no one told you that, since make money and we're here to learn from a different. or maybe you understand this but have not used it because of plogical trading. Allow me to not blame my trading comrades if you understand the solution to the issue.

    Shalom

  4. #224
    Quote Originally Posted by ;
    quote term of advise take it or leave it, it's totally your choice. I don't understand why people trade with stop losses, smh... anyway bro. Use 1000-1 ratio bro. In the event you've got $100 in your account trade @ 0.01 a pip. That transaction needs to go above or below 500pip to get you to$50 if it'd chunk into your account, which likely won't reach that point. Hey stop reduction may work for those who in an unsure trade and departing the office for 3 hours and there's big news coming, whatever your reason may be, but in nature trade mental stop loss. If you remained...

  5. #225
    Quote Originally Posted by ;
    quote word of advise take it or leave it, it's entirely up to you. I don't understand why folks trade with stop losses, smh... anyway bro. Use 1000-1 ratio bro. In the event you have $100 on your account trade @ 0.01 a pip. That trade should go below or above 500pip to get you to$50 if it would chunk in your account, which probably will not get to that point. Hey stop reduction might work if you in an unsure trade and departing the workplace for 3 hours and there's good news coming out, whatever your motive might be, however in nature trade prevent loss.
    Thanks for that. Been using stop losses when GBP/JPY indied bears were stepping in at the top of a range and it was obviously a sell. I put in my order, thought I'd return in a little to check price and maybe set a prevent loss above the range. Price fell in my leadership quickly reversed, no more than the usual fakeout/whipsaw/retracement I believed, and managed to move a couple hundred pips in under a day and a few hundred more then. I had no stop loss in place and in deep trouble shortly after 2 or a single cocktail.

    I'm interested however regarding how you make it work. The market is obviously fickle and will go from bearish to bullish with little to no sign so in trading a mental stop loss just how can you control when it's time to let a losing place dip in to your account and when you need to allow it to operate in hope of price Placing in your favor? It's hard to consistently choose 55% winning transactions but add an extra layer of randomness when looking at price action to understand if it's time to fall a trade or not can be chy. And in the long term, I understand getting stopped out to get little but constant losses can cut into your account but 1 or 2 bad transactions without a stop loss or during a period when price moved quickly and unpredictably and your own eyes were not watching can make a big dent equivalent to various winning transactions.

    I'm confident that you make it work on your own, only thinking how I'd handle it myself. Cheers.

  6. #226
    Quote Originally Posted by ;
    quote Thanks for that. Been using stop losses ever since a couple months ago after GBP/JPY indied bears were stepping in on peak of a range and it was a market. I put in my order, thought I'd come back in a little to check price and place a loose prevent loss above the range. Price fell in my direction reversedmore than a fakeout/whipsaw/retracement I thought, and managed to move a couple hundred pips in less than a day and a couple hundred more then. I'd no stop loss set up and in deep trouble...
    trade small risks relative to a account, utilize a wide prevent, and then profit from the management of the trend

  7. #227
    Quote Originally Posted by ;
    quote Thank You for that. Been using stop losses after GBP/JPY suggested bears were stepping in on top of a range and it was clearly a sell. I put in my order, thought I would return in a little to check price and maybe set a loose prevent loss over the range. Price fell in my direction swiftly reversedlonger than a fakeout/whipsaw/retracement I thought, and was able to move a couple hundred pips in under a day and several hundred more then. I had no stop loss in place and in deep trouble...
    Trading GBP/JPY called the Dragonis not a transaction you'd want to leave alone at all. This is a really volatile pair. The same as the GBP/NZD and some others . There is a saying the house always wins , for beginners this is true and the worst choice that they have made once they start with the journey of trading or gambling, but with time if they have mega math wisdom or in a usual case study the sport, time after time, loss after reduction and finally figure out why they lost, after spending loads of $ which they likely lend, most significantly not giving them start making much more then they have lost. They start to win so much that they forget how it feels free but remember where they have started, you kinda get my point.

    If it's your goal to master the GBP/JPY afterward like I mentioned before trade on the tiniest scale. Study what moves the market. Get to understand what the market does once there are news on the calendar and exactly what it does when there are no news. If you do so and you loosing then move down to a slower moving pair such as, the USD/CHF or AUD/USD etc. pairs together with near pip spread range.

    To answer your question on how I do it, is simple. You Have to determine Which Type of trader you are Scalping trader Short position trader Day trader Position trader (long time periods) etc..
    As soon as you understand the answer you will discover more answers to your queries. You can look at it this way, you can watch trading signs have been posted in the market and exchange out of this, and see whether its true? Then ask the folks posting the transaction signal they knew it was gonna happen, or find your own way. Hey to me. Don't be hasty to trade that is why there is a demo account. If you're able to make money in your demo account , well then its obvious you will make money in your account.

    Also don't worry about loosing out on a trade telling yourself, if I had been in on this trade.... You will get in on this trade once you have the understanding, then you will make the green . The only applicable portal is.


  8. #228
    Appreciate it pip, I'm attempting to find out from my errors but there's a lot of randomness in the Forex market that makes it difficult to commit the same mistake twice (and learn from it) because price is moving otherwise if it's consolidating, trending, in a pattern, etc.. News events include an even deeper layer of unpredictability to an arena. I have been getting the impression these past couple months that news and fundamentals play with an part that is bigger than technicals when it comes to price movement. I got the impression one could rely on trading although that could be common sense for some.

    I can get stopped out with a spike one trade then opt to wait for a fakeout on another trade only to miss out a 50-100 pip move... Despite proper predictions, I'm not sure how I can cope with this. Wait for a pullback that may or may not happen, enter having a dreadful risk/reward ratio for a measly 20,30?
    What I can learn and improve on my side are risk management, commerce signal/stop reduction discipline, and controlling your own emotions. Demo traded for 6 months, broke on 1 account plus some profit on 2 others. Nothing amazing and but give it time and that I may have to contact fake money as you quit in defeat or simply state and eventually become a part of the 95%.

    Cheers and good luck this week

  9. #229
    Quote Originally Posted by ;
    Appreciate it pip, I'm attempting to learn from my errors but there's a lot of randomness in the Forex market which makes it hard to commit the same error twice (and learn from it) because price is moving otherwise whether it's consolidating, trending, at a pattern, etc.. News events add an even deeper layer of unpredictability. I've been getting the impression these last months that news and fundamentals play an part than technicals when it comes to price movement. That may be common...
    Tell you what, in case things do not work for you this week, stop trading for a week, clear your mind and try again.

    I had the exact same mindset 5 weeks to trading I told my broker the exact same situation that this is not for me. You know what he told me : its up to you,
    its just like he do not really care if I loose because they pocket all the way. I don't know whether you know this but there are two groups of people, the Loosing group and winning group in regards to your brokers, my fellow comrades can admonish me when I'm wrong. The 1st group include new traders that loose loose loose until they offer, so cash lost right. What happens is that since you're a new trader your broker trade against you. The next group are people who constantly profit for about 6 weeks always, your broker trade together, so your broker pockets all of the way.

    My point is this, whether you stop or continue the decision is yours. You can blame yourself for where you will be financially within another sort term 5 years nobody. I don't know you have a occupation and will be okay in the future. I'f you're really serious like some of us are in this class then practice, practice, practice....

    We win some and we loose any. Eventually if we adhere to our egy, we will win more then what we are loose.

    Make your choice .

  10. #230
    ?? Please explain this interesting observation on EURJPY.

    Yesterday 12 march between approx 19.00-22.00 GMT that the bid/ask spread widened to between 3-6 pips (from normal 0.6-0.9 pips) within my DukasCopy account. .
    It remained like this for a long time. Believe hours.
    All while sticking into tight marginally upwards channel that was not at any given historical degree (See circled place on 5 minute chart attached)

    anybody have an explanation?

    My own crazy guess is that market participants noticed that price has been breaking down trend on 4h chart, went heavy long, and that it was that buying that caused this wide spread?
    However, I really don't see how they were able to do so without moving market significantly greater?

    Anyhow, any input you may have is highly appreciated!


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