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

FX:USDJPY5

U.S. Dollar/Japanese YenFXCM

Description

⋅ Jul 2, 2015 1:19 PM

Position's in the chart. Nice one to risk half of your capital.

Comments

Dinkan

⋅ Jul 2, 2015 5:53 PM

Thanks for providing the opportunity.

IvanLabrie

⋅ Jul 3, 2015 1:29 AM

1-2 of C started it seems Yuzuki.

YuzukiChan

⋅ Jul 3, 2015 1:41 AM

1-2 of C or 1-2 of 3?

hknelsen

⋅ Jul 3, 2015 1:53 AM

I'm not following the 123C procedure not understanding it

YuzukiChan

⋅ Jul 3, 2015 1:57 AM

amazon.com/Elliott-Wave-Principle-Market-Behavior/dp/0471988499

IvanLabrie

⋅ Jul 3, 2015 2:29 AM

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.

YuzukiChan

⋅ Jul 3, 2015 5:57 AM

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.

MarkLangley

⋅ Jul 2, 2015 2:57 PM

looking for 123.20/40 to contain pullback and selling zone and targeting 122.00 good luck all

YuzukiChan

⋅ Jul 2, 2015 3:23 PM

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!

IvanLabrie

⋅ Jul 2, 2015 3:26 PM

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.