YuzukiChan
Short

(Y.SS#2) Go Japan go! But not too far away...

FX:USDJPY   U.S. Dollar/Japanese Yen
444 40 9
Position's in the chart. Nice one to risk half of your capital.
Trade is active.
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Flat C wave starting?
I want to buy lower.
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YuzukiChan IvanLabrie
The overall corrective structure is so complex but all the possibilities I could see points to the South. Might be C of a flat, yes. And it's so likely to reverse at somewhere below my target. I wouldn't buy until seeing the upward impulse though.
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would it turn up again when touch 123.00?
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My target is 122.429. But it may go lower than that. I would definitely not go long at 123 but something lower.
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IvanLabrie PRO YuzukiChan
I aim for 121.915-120.644.
It'll be a very nice long, just waiting for the drop and a clear reversal.
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YuzukiChan IvanLabrie
You know, I've just risked half of my capital : ) I can't put my targets that far. Actually, I've just changed the stop loss to breakeven point. If this one works out, it means I'll have 50% ROI on my capital. Gonna be epic!

YOLO
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ghyta YuzukiChan
Hope it works out for you
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IvanLabrie PRO YuzukiChan
Great!
You're one brave lady.
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IvanLabrie PRO IvanLabrie
snapshot

I'd leave no tp...I think we got one more leg down here.
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IvanLabrie PRO IvanLabrie
Or half or 75% tp there.
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YuzukiChan IvanLabrie
I'll be a millionaire when I win Y.SS#20 : )
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IvanLabrie PRO YuzukiChan
Hahaha!
I like to risk small amounts in general, but well.
I think the dollar might be rallying hard soon, looks impulsive overall.
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YuzukiChan IvanLabrie
I'm going to write in an idea about risking high. Risking around 2% is what most of the educated traders do. I risk around 10% in normal trades, and even higher when I'm highly confident. I can risk 1% blindly just to gamble lol
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milehk YuzukiChan
why you have so confident to sell ? i dont know how to read the chart,pls teach, thank you!
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Hi! I'm afraid I can't help you on this one. This is like asking the physician why they cut a certain area in a surgery. If you're a beginner, write me a PM and I can recommend you some reads. If you know the basics, follow the traders in TV and try to catch how they think.
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milehk YuzukiChan
thank you and sent pm
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looking for 123.20/40 to contain pullback and selling zone and targeting 122.00 good luck all
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YuzukiChan MarkLangley
I generally prefer not waiting for lower degree pullbacks. As the downward force gets more powerful, lower degree retracements might get so narrow. But anyway, if you miss your pullback target, you may buy the breakout. I wish the best of luck!
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IvanLabrie PRO YuzukiChan
I don't wait normally either, I buy right away with momentum. When trades work, they work right away and have minimal or no drawdown.
Works better with my psychology.
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Thanks for providing the opportunity.
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We now move our stops to the breakeven point.
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milehk YuzukiChan
Oh great and congratulation!
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milehk milehk
What's your stop point?
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My stop point is personally a bit higher than what you see in the idea since I happened to catch the movement earlier. But if you want to follow the idea, the stop should go to 123.123.
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1-2 of C started it seems Yuzuki.
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YuzukiChan IvanLabrie
1-2 of C or 1-2 of 3?
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hknelsen YuzukiChan
I'm not following the 123C procedure not understanding it
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YuzukiChan hknelsen
http://www.amazon.com/Elliott-Wave-Principle-Market-Behavior/dp/0471988499
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IvanLabrie PRO YuzukiChan
You never know...I treat all 3/c's as C's initially.
Actually, I prefer to go risk free or take 75% off once the stop distance is reached.
Highest probability setup.
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YuzukiChan IvanLabrie
It seems what we thought as 3/C was a lower degree five in the place of c of the zigzag, which is the B of the flat whose C stopped me out.
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Stopped out and re-entered. Trade is still active.
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YuzukiChan YuzukiChan
Stop loss is moved to the breakeven point in this second shot, too.
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A possible EW count:
snapshot
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IvanLabrie PRO YuzukiChan
Yeah, thinking along those lines.
Shock event on Monday will make the impulse come alive.
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IvanLabrie PRO IvanLabrie
I'm inclined to think that whatever happens now, will get reversed.
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YuzukiChan IvanLabrie
Not sure if it's Monday but it's not too far for us to see the reversal.
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magforexdotbiz YuzukiChan
adjust your target. it can go dwon till 121.500 before it goes up ;-)
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milehk magforexdotbiz
121.5..not so far away, thats a good point to go up ,yeah
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snapshot
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