Hello Traders, if you were in my free webinar where we looked at all the Yen pairs you would remember this down forecast. Hope some of you got it. if you are not in, then wait for a 240 correction and i will post the update for the sell setup.
On my 4th day into this trade, your analysis gives me confidence to stay in for the rest of the ride, risk free trading actually in the race rather than on my way to them. Thanks Anil.
AnasHelios
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always missing youre webinars ,i hope that i can catch someone later
ernstschwarz
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Thanks for the links again and for youtube upload. I enjoyed your webinarswebinar and liked what you say about moneymanagment (not having e.g 10k but only 3k taking psychological problems into account) What i did not like that much was bashing against pinbar trading because everyone who trades them knows that it needs additional aspects to come along with them like being at trendchannel borders or /and in overbought/oversold areas (eg outside of bollingerbands or some RSI ...) But i think i got your point: your charts are simple, no fancy or less fancy indictors, ...then patience, experience,patience again, timing, trading plan, moneymanagemen,, shot and strike! One Mythos beer on you now! Cheers!
anilmangal
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Hi, Thanks for your comment , but i was not bashing pin bars trading, I was saying it'd trading the "design" of the charts and not the "information in" the charts. One simple way to know this is just change the design from candlestick to line charts and what happens to the pin bar strategy? Hope you see my point.
Cazzie
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I could kick myself Anil.
I sold this pair and other Yens on the daily, then for some strange reason thought the downtrend had almost finished.
Closed all my trades - sad or what ?
The weekly is very clearly in a down trend.
EdW
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That is still better than missing the break and waiting days for a consolidation but only seeing it going further down......
Cazzie
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Yes EdW, I agree. Did manage to make a load of pips regardless of my stupidity :)
anilmangal
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you need to have more confidence in your analysis, that is what I am training my traders to do !!! If you have a clear picture of what the structure should do then you will have confidence.
Cazzie
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Fully agree Anil.
I'll try harder.
Miz
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I have been in AUD/JPY since the breakout and have confidence it will go to the bottom of the channel so will continue to hold till 75. Thank you so much for everything Anil, you have instilled both knowledge and confidence in my analysis and its further supported with your incredible analysis.