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    Thread: dzin4aans's - Trading journal

    1. #2071
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      So my trading, opened UJ short and GJ short, UJ short closed in profits:
      I am still oping that the UJ would still continue its down trend, and currently it is testing the formal support which have become resistance and I have opened trades in it hoping it would continue moving downward or reach back at the previous lows.

      [ATTACH]a[/ATTACH]
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      Last edited by penuelophir; 02-14-2018 at 11:25 AM. Reason: added image
      Wisdom Is The Ability To Apply Knowledge And Experience To Any Given Situation.
      If you do not take control of your risks then you lose control of your trades

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      Quote Originally Posted by penuelophir View Post
      I am still oping that the UJ would still continue its down trend, and currently it is testing the formal support which have become resistance and I have opened trades in it hoping it would continue moving downward or reach back at the previous lows.

      [ATTACH]a[/ATTACH]
      a news on USD will be coming up soon and I think that will give USD more strength that makes me predict that GU will be bearish and UJ might see some pull up a little bit, but we all know that the trend is bearish so getting short on UJ is much more of a better trading decision.

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      Quote Originally Posted by Street View Post
      a news on USD will be coming up soon and I think that will give USD more strength that makes me predict that GU will be bearish and UJ might see some pull up a little bit, but we all know that the trend is bearish so getting short on UJ is much more of a better trading decision.
      Actually the data that was released may not really provide good strength for the USD because from what i can see the CPI and Core CPI figure came out better than expected but the Retail Sales and Core Retails Sales came out worse than expected, so which will boost the USD is yet to be known.

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    8. #2074
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      Quote Originally Posted by Street View Post
      a news on USD will be coming up soon and I think that will give USD more strength that makes me predict that GU will be bearish and UJ might see some pull up a little bit, but we all know that the trend is bearish so getting short on UJ is much more of a better trading decision.
      You think that a news will give more strength to USD? Well, it might be true, but we are not certain about what will happen in the market. I think that the strength that the USD had in the recent week is a bit going down, and if it can not break some important points with is counterparts on each pair this week, i think that risk sentiment will dominate the market back, and the trading pairs like EURUSD, GBPUSD will begin to make a massive climb in the market. I hope the ens helps the USD to make a meaningful breakout today.

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      The chart is looking messy for usd jpy, there is no respite for this pair because from the way it is falling, we should start envisaging that it might go to maybe 102,i can see also that usd is losing strength and whatever is causing that reaction is pretty strong, I don't know for how long this should continue anyway, I just want to ride the trend as it falls or rises, after all, we are very much aware how unpredictable this business is, as long as the united states dollar keeps losing its steam, definitely uj will continue to nosedive for long too.

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      Quote Originally Posted by penuelophir View Post
      I am still oping that the UJ would still continue its down trend, and currently it is testing the formal support which have become resistance and I have opened trades in it hoping it would continue moving downward or reach back at the previous lows.

      [ATTACH]a[/ATTACH]
      its a nice place to sell the pair, i actually have been following the pair for a while now , which i stop my entry on it immediately it start reversing, i think the 4hrs time frame will tells all the story behind the pair right now, but if you wanna go with the 1hr, you need to reduce you take profit, i believe more i what i see on the 4hrs time frame

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    14. #2077
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      Quote Originally Posted by simisola View Post
      The chart is looking messy for usd jpy, there is no respite for this pair because from the way it is falling, we should start envisaging that it might go to maybe 102,i can see also that usd is losing strength and whatever is causing that reaction is pretty strong, I don't know for how long this should continue anyway, I just want to ride the trend as it falls or rises, after all, we are very much aware how unpredictable this business is, as long as the united states dollar keeps losing its steam, definitely uj will continue to nosedive for long too.
      Well forex remains a tough task as there is no proper holy grail in this business. Fear would only make us not to take risk but if we can accept our fate and know how to make the right choice to trade better, we can have quality chances in our trade. However your decision to follow the trend might pay off.

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    16. #2078
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      Quote Originally Posted by Sixteen View Post
      Well forex remains a tough task as there is no proper holy grail in this business. Fear would only make us not to take risk but if we can accept our fate and know how to make the right choice to trade better, we can have quality chances in our trade. However your decision to follow the trend might pay off.
      Yeah forex is too much tough business and only right choice on the right time can help you to make successful profit and you will get both things from your knowledge and experience, so there are no place in this market without this element, i always try to increase this element for this business, because i want to stay longer time in this market.

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    18. #2079
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      Quote Originally Posted by Sixteen View Post
      Well forex remains a tough task as there is no proper holy grail in this business. Fear would only make us not to take risk but if we can accept our fate and know how to make the right choice to trade better, we can have quality chances in our trade. However your decision to follow the trend might pay off.
      Yes, no trader should ever think that they can be seeing the market so cheap or as what will give them money very fast, it is not working like that. Forex trading is just the business that needs traders to have all what it takes to trade it. Forex traders need the valuable skills and promising system to work in the market. The trader still need to be making good decision often then just to be thing the market will always be profitable to them. Even with good decision, traders can still lose since the market is not certain. That is why we need to be using stop loss always.

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    20. #2080
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      Nothing is cheap in the forex market, as a matter of fact, the only thing we can say is cheap and free is margin call, as far as you want to succeed, there is a work which is the major requirement that needs to be done, forex trading is difficult, and I guess that is the psychology that makes some traders to lose, you don't come into this market and make some terrible assumptions that it is simple, you won't make it by thinking like this, the more hard working you are, the greater your means of entering success.

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