tntsunrise
Short

USDJPY 1H Time Frame Short

FX:USDJPY   U.S. Dollar/Japanese Yen
7393 32 102
6 days ago
USDJPY             1H Time Frame Short

AB=CD Completed
Price Retested the 113.70 area

If can't break through the structure

price will fall back to 111.60

Low Risk, High Reward
5 days ago
Comment:
snapshot
5 days ago
Trade closed: stop reached
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already in!
Reply
erfantrader
6 days ago
ok
Reply
Fxdanko
6 days ago
Thank you!!
Reply
Fxdanko
6 days ago
Jack if you have a signal in mql5, you are the best trader!!!! Thank you
Reply
Thank you
Reply
BorisMisale
6 days ago
USDJPY bearish BAT combined with AB=CD

We have a good timming ! Thanks for your course again.
+2 Reply
alanprotrader
6 days ago
Brake 113.70 and hit SL, what next. I am waiting to short both gbpjpy and usdjpy in a short term trade because long term is bullish.
Reply
habibzafari14
6 days ago
Sometimes even pro traders, trade against the trade.
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pete_hef habibzafari14
6 days ago
@habibzafari14, excatly!
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joao
6 days ago
Still valid?thanks
+1 Reply
joao joao
6 days ago
@joao, seems not:)
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pete_hef
6 days ago
short with low risk at 114.54 - there is weekly s1; stop 114.7!! Its just an correction!!
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pete_hef pete_hef
6 days ago
@pete_hef, weekly R1- sorry
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birukvn1
6 days ago
In my opinion, short term trading is nothing but gambling, especially in time of high volatility.
Reply
husingasim birukvn1
6 days ago
@birukvn1, so what you suggest?
+2 Reply
birukvn1 husingasim
6 days ago
@husingasim, isnt it obvious? stay away from short-term trading. If you consider trading on a regular basis, then stock exchange would be a safer land. In long term, short-term forex trading is no more than guessing works. If you are trading profitably in this period, then it has a good chance that you will lose in the next period. If you are asking me how long that period is, well, it is exactly the nature of gambling. It depends on your luck, some lucky guys find themselves profitable in quite a long time, some unlucky ones, conversely, lose right in the first place.

The most obvious examples can be seen in the UK referendum and the US election. To anticipate the outcomes of those two events is much easier than to predict the coming trend of any of the forex pairs. But the results showed that the majority was wrong. Behaviour of human being plays a significant role. If you fail to predict the behaviour of people of same nationality, who share mutual values and interests to some extent, how come you are able to predict correctly the behaviour of human being across the world? The world we are living in is now full of uncertainties which happen every day. Thats why messing around with uncertainties, in short-term basis, is gambling.

How about long-term? I never mentioned that longterm forex trading is profitable. Its stock trading that could be profitable. Why? Apple or Samsung would havent been as successful as they are today if they had aimed their products at everyone. What is more, the level of uncertainty within a business is well below that of forex pairs!

It is okay if some of you disagree with me. I very much welcome criticism. I used to trade forex using a small account and I did it just for testing purpose. There is a reason why all brokers out there want you guys to be their customers so bad. And there is a reason why the conventional wisdom says 95% of forex traders lose. In my humble opinion, it actually nears 100%.
+2 Reply
FerminNunez birukvn1
5 days ago
@birukvn1, I think Long Term and short term trading, both can be profitable , they have to be treated differently short term trading requires faster response , mores sensitive indicators , for long term trading I use Stochastiscs and some SMA, for shorter term I like to use Hull MA which is more sensitive B. Bands with faster settings , I would lie if I say that a have a 100 % rate of success but I would say it is acceptable , personally I think trading has changed a lot , the use of computers , round the clock traders participating all over the world has become more challenging
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FerminNunez FerminNunez
5 days ago
@FerminNunez, Events like Brexit and US elections I never trade prior the event , that , I consider gambling
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FerminNunez FerminNunez
5 days ago
@FerminNunez, The same with stocks prior Earnings Report
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FerminNunez husingasim
5 days ago
@husingasim, Trading is very much like gambling but do not get me wrong , Casinos they make money gambling either if it is cards Roulette , craps etc. they always end up winning because the odds are on their side , trading is about probabilities always trade when the odds are on your side , trade being the Casino , I use several indicators when all line up together , the probability is on my side then I trade the second part as important as the odds being on my side , is Risk management where to place my SL what Dllr amount will I risk etc. and finally follow the trade not always you will win but most of the time you will like the Casino
Being a trader is not a part time job it is a profession like any other else , it requires patience ,planning and discipline
Reply
birukvn1
6 days ago
It does not happen by chance that all brokers out there have been tryingg their best to lure you guys into being their customers (fishes), it does happen for a reason.
Reply
dougshunt
6 days ago
Where do we think the next level is? I'm wanting to short but uncertain as its climbing steep for now
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Fxdanko
6 days ago
Good idea!!
Reply
FxRanger
6 days ago
wrong decision......................
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Palmrrr FxRanger
6 days ago
@FxRanger, lol wasn't a wrong decision. the market just ended up breaking structure of that previous high. move on to the next setup
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cipsor
5 days ago
" Low Risk, High Reward".
Risk got a coma, because it's real. So is the Reward. Thank you, Jack !
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sir ...what do u think now?
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I think it is a good time to short it now
snapshot
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mych36
5 days ago
How did you plan your entry on this were you simply waiting for the price to get to the 113.7 area? Or were you waiting for the price to start to turn downwards after reaching 113.7 area?
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Buckz mych36
5 days ago
@mych36, If it falls down to 113.300 then I think it might be safe to short this down to 11.640..
Reply
mohammadrafiee
5 days ago
buy usdjpy
Reply
ShahidUmer
4 days ago
SL HITTTTTTTTTTT :D
Reply
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