FX:EURJPY   Euro Fx/Japanese Yen
60 6 2
short

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PIPFOLLOWER
short
PIPFOLLOWER about AUDUSD 2 years ago
isomorph
2 years ago
into the wkend? before the Japan news due out SUN/MON? seriously?
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PIPFOLLOWER isomorph
2 years ago
I did not understand. i have bad english
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PIPFOLLOWER isomorph
2 years ago
I dont look at news I only look price
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isomorph PIPFOLLOWER
2 years ago
i meant: why keep a trade open after Friday close (into the weekend) because on Sunday when the market re-opens, the price could open with a gap of a 100 pips against you, especially when important news is coming out from Japan and the traders (institutional) who move the market will be waiting for it?

i am not saying you should read the news. i am saying that when fundamental news is released, as next Sunday, it could move the market in ways that technical analysis cannot foresee, therefore it's high risk to ignore that.

it is so risky to trade like this. even more so if all you are basing your analysis on is the M15 chart. don't you think?
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PIPFOLLOWER isomorph
2 years ago
maybe i am doing wrong. you are right about this subject. before weekends is very risky to share chart like this. but actually i think price affecting before news.. I think somebady hold positions before everybody. I have eurjpy and audusd short. I am new in forex. and this is my secand fault.. BUT YOU ARE RIGHT. I WILL NOT SHARE CHART ON FRIDAY. THANK YOU ISOMORPH
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isomorph PIPFOLLOWER
2 years ago
no worries. but if you're new to FX, i'd highly encourage you to close all positions before FRI 5 pm EST. even pros do it. i speak from experience as i got burned many times. the only people who don't care about this are position traders who keep positions running for weeks or months, so to them, whether the price gaps doesn't matter, especially after being in the money already for a few 100 pips.
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