YuzukiChan
Short

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

FX:USDJPY   U.S. Dollar/Japanese Yen
443 40 9
Position's in the chart. Nice one to risk half of your capital.
YuzukiChan
2 years ago
Trade is active.
Reply
IvanLabrie
2 years ago
Flat C wave starting?
I want to buy lower.
+1 Reply
YuzukiChan IvanLabrie
2 years ago
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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milehk
2 years ago
would it turn up again when touch 123.00?
+1 Reply
YuzukiChan milehk
2 years ago
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 YuzukiChan
2 years ago
I aim for 121.915-120.644.
It'll be a very nice long, just waiting for the drop and a clear reversal.
+1 Reply
YuzukiChan IvanLabrie
2 years ago
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
Reply
ghyta PRO YuzukiChan
2 years ago
Hope it works out for you
+1 Reply
IvanLabrie YuzukiChan
2 years ago
Great!
You're one brave lady.
+1 Reply
IvanLabrie IvanLabrie
2 years ago
snapshot

I'd leave no tp...I think we got one more leg down here.
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IvanLabrie IvanLabrie
2 years ago
Or half or 75% tp there.
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YuzukiChan IvanLabrie
2 years ago
I'll be a millionaire when I win Y.SS#20 : )
+1 Reply
IvanLabrie YuzukiChan
2 years ago
Hahaha!
I like to risk small amounts in general, but well.
I think the dollar might be rallying hard soon, looks impulsive overall.
+1 Reply
YuzukiChan IvanLabrie
2 years ago
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
+1 Reply
milehk YuzukiChan
2 years ago
why you have so confident to sell ? i dont know how to read the chart,pls teach, thank you!
+1 Reply
YuzukiChan milehk
2 years ago
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.
+1 Reply
milehk YuzukiChan
2 years ago
thank you and sent pm
+1 Reply
looking for 123.20/40 to contain pullback and selling zone and targeting 122.00 good luck all
+1 Reply
YuzukiChan MarkLangley
2 years ago
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!
+1 Reply
IvanLabrie YuzukiChan
2 years ago
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.
+1 Reply
Dinkan
2 years ago
Thanks for providing the opportunity.
+2 Reply
YuzukiChan
2 years ago
We now move our stops to the breakeven point.
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milehk YuzukiChan
2 years ago
Oh great and congratulation!
+1 Reply
milehk milehk
2 years ago
What's your stop point?
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YuzukiChan milehk
2 years ago
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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IvanLabrie
2 years ago
1-2 of C started it seems Yuzuki.
+1 Reply
YuzukiChan IvanLabrie
2 years ago
1-2 of C or 1-2 of 3?
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hknelsen YuzukiChan
2 years ago
I'm not following the 123C procedure not understanding it
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YuzukiChan hknelsen
2 years ago
http://www.amazon.com/Elliott-Wave-Principle-Market-Behavior/dp/0471988499
Reply
IvanLabrie YuzukiChan
2 years ago
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.
+1 Reply
YuzukiChan IvanLabrie
2 years ago
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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YuzukiChan
2 years ago
Stopped out and re-entered. Trade is still active.
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YuzukiChan YuzukiChan
2 years ago
Stop loss is moved to the breakeven point in this second shot, too.
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YuzukiChan
2 years ago
A possible EW count:
snapshot
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IvanLabrie YuzukiChan
2 years ago
Yeah, thinking along those lines.
Shock event on Monday will make the impulse come alive.
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IvanLabrie IvanLabrie
2 years ago
I'm inclined to think that whatever happens now, will get reversed.
+1 Reply
YuzukiChan IvanLabrie
2 years ago
Not sure if it's Monday but it's not too far for us to see the reversal.
+1 Reply
magforexdotbiz YuzukiChan
2 years ago
adjust your target. it can go dwon till 121.500 before it goes up ;-)
Reply
milehk magforexdotbiz
2 years ago
121.5..not so far away, thats a good point to go up ,yeah
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magforexdotbiz milehk
2 years ago
snapshot
Reply
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