*Official* Forex Trading thread.

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Mr.Canberra

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USD/JPY

sorry dont understand why direction cant tell but you will long at 10,30 ?

Type too fast.

Dollar demand will be high when US markets open so will usually rebound.

You see the chart. From 10:22pm till 10:30pm. 90% are red candles. The chance of reversal very high once markets open at 10:30pm.
 

awful999

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Type too fast.

Dollar demand will be high when US markets open so will usually rebound.

You see the chart. From 10:22pm till 10:30pm. 90% are red candles. The chance of reversal very high once markets open at 10:30pm.

ok got it :s13: that why i wonder
 

dolph001

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thanks, just now saw some reverse trend signal , thought to kio some pips

retracements are all very small de la. friday whole day likely to have little movement until NFP. then possibly see long candles up... hopefully LOL
 

Mr.Canberra

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Current price ¥113.5X. Intraday high is ¥113.742. Risk to reward ratio not worth it to LONG now.

Below ¥113.5X could be a better bet.
 
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Mr.Canberra

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Went and wash some dishes for a moment and miss out good opportunity. :s22:

Just opened a SHORT position at ¥113.971 instead.
 
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neoartz

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Morning traders already tested 114.7xx . Later those london traders gonna push again.

Gonna wait till london session then look for direction.
 

dolph001

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Current price ¥113.5X. Intraday high is ¥113.742. Risk to reward ratio not worth it to LONG now.

Below ¥113.5X could be a better bet.

intraday high/low don't mean much in FX. The moves are powered by big economic indicators. USD will keep getting stronger this week and possibly for the rest of this year.

why don't want believe me? :(
 

Daimon

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intraday high/low don't mean much in FX. The moves are powered by big economic indicators. USD will keep getting stronger this week and possibly for the rest of this year.

why don't want believe me? :(

Have you put skin in it?
 

Mr.Canberra

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:s22::s22: oh no, hope you close it before the run up

114.73 now

My SHORT position already closed.

Hit my BUY stop at ¥113.892. :D

Morning traders already tested 114.7xx . Later those london traders gonna push again.

Gonna wait till london session then look for direction.

¥113.9X good level to LONG.
 
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