Thread: GBP and JPY Pairs H1 2013

u mean a regular email or email thru this system and how do u do that and whats his email?

thanks for ur kindness n patience im new

Originally Posted by TAfool

Chart notes say it all. Bias long. Wait for consolidation break for position. Two patterns target 1.2700.
http://www.tafool.com/Charts/eurusd0520101hr.gif

TAfool
addendum: Throw-under/Throw-over's typically result in an equal and opposite action. 250pip throw-under of channel also matches with two pattern targets of 2700 with a 250pip throw-over.

Some folks see the awkward decline from up high, as a completed ending diagonal(wedge). Today's low might be a wave 2, which maybe followed by a 3rd wave or a series of 1-2s?

A-Yo Bro

PS. Trying a small long at 2349. Target is open for now.

any1 in here have alot of experience in getting out of hedges?

Originally Posted by robtardie

i dont c this pair for help i really need help where can i go for eur/jpy

Now is a good point to hit the retracement on 15 min chart short.

Originally Posted by robtardie

any1 in here have alot of experience in getting out of hedges?

There is really no secret to this. Getting into a hedge only adds to the loss of the trade. My recommendation is to just close out both sides at the same time or to get out of the losing side first and hold onto the winning side as long as it continues to be profitable. The best way to stop a losing trade is to just take the loss and close out the trade. Then you can look for another opportunity instead of continuing to have to deal with a losing situation. Unfortunately, hedges only add to the problem instead of fixing anything.

that was serious profit taking no one is holding positions for that long it seems just wait for the closing bell

I agree with Mr Long best deal with your losing positions instead of trying to mask them with another opposite trade

Originally Posted by Thomas Long

There is really no secret to this. Getting into a hedge only adds to the loss of the trade. My recommendation is to just close out both sides at the same time or to get out of the losing side first and hold onto the winning side as long as it continues to be profitable. The best way to stop a losing trade is to just take the loss and close out the trade. Then you can look for another opportunity instead of continuing to have to deal with a losing situation. Unfortunately, hedges only add to the problem instead of fixing anything.

Originally Posted by robtardie

any1 in here have alot of experience in getting out of hedges?

Yes, me, i used to hedge a lot, but not so much now. I used to close on out n profit, then close the losing trade and of course collect the spread in between.
Its not a good idea unless you happy enough to close one out at say long position -750 and short is 890 profit leaving you with 140 profit. Its ok if youve got the guts to close a negative position and normally suited to very experienced traders that adopte that style. My advice if ones against the other, terminate the trades as close together as possible and take the loss
sit back,,,wait,,,, go back in a a small trade with the trend and take some profits.

Originally Posted by PoundGuy

that was serious profit taking no one is holding positions for that long it seems just wait for the closing bell

16 25pm uk time is the key. It can bouce back opposite to the trend sometimes for 50-60pips same with the dow jones/equities
Its not a rule though, but i am always wary of this time daily...it can catch you with your pants down!

Yes CW1 have had that happen to me a number of times was looking to price touching levels of resistance to short which i did currently 60pips up on differnt pairs GBP AUD and didnt add to EUR

Originally Posted by cw1

16 25pm uk time is the key. It can bouce back opposite to the trend sometimes for 50-60pips same with the dow jones/equities
Its not a rule though, but i am always wary of this time daily...it can catch you with your pants down!

Originally Posted by PoundGuy

Yes CW1 have had that happen to me a number of times was looking to price touching levels of resistance to short which i did currently 60pips up on differnt pairs GBP AUD and didnt add to EUR

Happy trading, im out for now till 7pm then i may just have another sniff¬!¬!

Hey Thomas, what settings are commonly used on Rate Of Change indicators?

Lets just say i am happy i didnt bother with the eur hahaha

Originally Posted by Macnilla

Hey Thomas, what settings are commonly used on Rate Of Change indicators?

Interesting question as I'm not sure this is as common as say the RSI or MACD. Typically I see the 14 value, but have also seen just about all values under 21 used. Anybody out there have history with this indicator and care to share what value they use?

Tried to sell in the 1.25 area lets see if it stays up smell of central bank action somewhere