FX:USDJPY   U.S. Dollar/Japanese Yen
474 12 4
Looks like what I suspected to be a wave 3 turned out to be a wave 5 of the same degree. If that is the case, then we have had 3 waves retracement and will continue down.
Possibly but we still have new ahead so hang tight
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Cautious in general relying on news
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TradZ DebateMaths
I don't rely strickly on news but forex is news driven if haven't noticed ;)
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news ;)
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Any extreme news, the market will continue where it wants to go after some volatility typically.
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DebateMaths DebateMaths
Unless*
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TradZ DebateMaths
Exactly and this is where patience comes in as I am learning to deal with myself. You have to be able to know what type of news it is, you hav to wait for confirmation for the closing of candlesticks, and look@the bigger time-frames for a top-down analysis. All these factor in when observing the markets.
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TradZ TradZ
This helps to assist with entries is what I am saying 0r and knowing if one should get out of a trade
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TradZ TradZ
So if you predicted before the news and say it goes the opposite of your direction, you may find yourself in trouble
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TradZ TradZ
despite it heading the way you predicted ;)
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TradZ TradZ
Trust me! I learned my lesson
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MarwanALjaadi DebateMaths
are you an economist ? what does the market want ??? so if 2007 did not happened gold will jump anyway ? oil too and comoditiy curencies ? ok if brexit didn't happen will GBP go down the toilet like what's happening now?
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