Technician
Short

EURJPY: Shorting at trend line

FX:EURJPY   Euro Fx/Japanese Yen
561 22 4
Update: stopped out, a third loser the longest losing streak in months. loss:37x2=-74
Accumulated profit(pips)= + 2298

Trade 85** Looking for a move lower as EURJPY             failed to rally despite the strong rally in EURUSD             . A very tight stop for this trade.

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Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is moved to breakeven
4. Second unit at second target
5. If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losses is a main part of the game ;)
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dem0nd
2 years ago
I'm in for this since yesterday. Let's hope it works and cover those two losses today! :D
Reply
Technician TOP dem0nd
2 years ago
good luck
I had two losers today. hope this one works out
Reply
dem0nd Technician
2 years ago
Btw, since yesterday it had already touched below 139 twice. However going further below 138.9 had been very difficult.
Reply
Barabaszek Technician
2 years ago
I'm in... waiting for entry.Good luck ....all of us :-)
Reply
Technician TOP Barabaszek
2 years ago
doesn't look pretty again :| ... I am extra-emotional today, should cut this quickly!
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Japsian
2 years ago
do you pay attention to fundamental or just technical ? what i seen today looks like you didnt open Economy Calendar :)

you wrote something precious and one successful trader always knows can not be winner at all time

you doing a great work ,,, excellent work
Reply
Technician TOP Japsian
2 years ago
Thanks Japsian, appreciate ur praise.
I almost use only technical for 95 percent of my trades. although i have some sort of a fundamental background for some trades.
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Technician TOP Technician
2 years ago
every winning streak will eventually break, and today was rough... 2 or 3 losers a time never happened for a while really. Although of my experience of markets, I still have impulsive moments, which is very dangerous to trading success.
Reply
Japsian Technician
2 years ago
i'd like to share with you what i learned from this market .... before any position always i check my distance to major news or important news in Economy Calendar . this will help me to have a better entry TIME .
maybe we find the right direction , but one major News can be act as one stupid correction :) and hit our SL or can be the best TIME to enter the trade for our favor

doesn't need any Fundamental knowledge , we can just look at Economy calendar and be sure is no major news or is major news for right entry

sorry i wrote too much but as i said you are doing a great work and i saw today if you had US news beside your analyze you could ignore these loses today :) and is bothering me the successful trader like you is not following Economy Calendar :)


Reply
Technician TOP Japsian
2 years ago
Thanks for ur input, I would like to comment here, I ofcourse follow economic calendar, however sometime i dont give big weight to them, as long as I plan my trade right in technical terms. Second, news will usually contradict with technicals, Third, for me, after a period of observation, i found that fundamental releases made me close trades earlier and miss the move in my direction. Fourth, reaction to fundamental news is usually unexpected, for example today, the eurusd spiked higher before any major news announcement, and actually failed to extend the rally after U.S. downbeat retail sales and jobs numbers!...
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Technician TOP Technician
2 years ago
I have two spread sheets of my trades performance, one for tradingview which i usually closed positions due to fundamental releases and stuff like the net profit is +2372. One other spread sheet with assumption that sticked to my technical outlook with net profit of +3400. So atleast for me its better to stick to my technical plans :)
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Japsian Technician
2 years ago
very clear and professional :)
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Technician TOP Japsian
2 years ago
:)
Reply
waht about enter short now?
Reply
Technician TOP JorgeEllena
2 years ago
I am on a break :)
Reply
Barabaszek
2 years ago
Sl close position.Happend.Rule No.2
Reply
Technician TOP Barabaszek
2 years ago
Thanks ), appreciate ur updates :). Hopefully will make it up soon.
Reply
Barabaszek Technician
2 years ago
As for me, the market is still extreme, but that's just my opinion.
Reply
Technician TOP Barabaszek
2 years ago
i think i will be off trades tomorrow for some mind clearing.
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Barabaszek Barabaszek
2 years ago
I'm looking for Your new trades,when You are ready...for me can be for few days or few seconds :-).All the best for You and I agree with Japsian...."you doing a great work ,,, excellent work"
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Technician TOP Barabaszek
2 years ago
appreciate ppl like you.
Reply
Update: stopped out, a third loser today, the longest losing streak in months. loss:37x2=-74
Accumulated profit(pips)= + 2298
Reply
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