Disliked2010-08-10
Long order executed 2,500,000 USDJPY at 85.93, S/L 84.00, T/P 87.90.Ignored
is this demo or real trade ?
Cycle identifier 1 minute scalping system - create an EA? 12 replies
Basket Cycle Journal (Prepare and Practise To Contest) 30 replies
HYBRID: trading system within a trading system 30 replies
Another Trading Journal - Yuhu's Journal 16 replies
hksweeper's Trading Journal - Reaction Trend System 20 replies
Disliked2010-08-10
Long order executed 2,500,000 USDJPY at 85.93, S/L 84.00, T/P 87.90.Ignored
DislikedAs predicted previously, trend has turned. Get ready to go long and ride the bull.
Like the saying goes, fact is stranger than fiction. The majority prefers theories and systems which make sense to them and dismisses the truth which sounds absurd, it is a process of getting confirmation and approval from other people who are wired the same way, instead of looking for the ultimate cause of the market effects. Maybe this is why 95% traders fail.
Meat on the chopping board.Ignored
DislikedHello WGann,
You might be right that the trend is changing. Assuming you are right, do you expect a retrace to test the lows again before making new highs?
If yes, then how far down do you think it might go?
Thanks,Ignored
DislikedI only predict general direction of the movement and key support / resistance levels. There are random events such the those lines you see in FX Calendar, I do not predict the outcome of those events, they are random, and they could cause a temp spike up or down to the market. But it doesn't matter, becos the market will resume what it should do as long as time is not up yet.Ignored
DislikedInteresting...
So your prediction is general USD strength or just againt the Yen?
And what is the time frame for this strength?
Thanks,Ignored
DislikedMy projection is not for USD, but USDJPY, USD alone does not make much sense as you always trade USD against something else, like JPY, gold or shares. You cannot trade USD alone. There is no supply and demand for USD, but USD against something. If you follow my logic, you should ignore FTSE or other indexes, as they are artificial concepts and buying or selling those indexes will not drive it up or down, their movements are determined by the individual parts that constitute the indexes.
USDJPY will not go above 88 by this week. So I will close...Ignored
DislikedSorry for asking so many questions but your method is really unique and I need to know more about it.
I got your point on trading USD against something else. What I meant was, do you expect USD to be strong against all other currencies or just the Yen? This is what I wanted to say.
Now, what if this week ends and your long trade is in red or it didnt reach 88 or 87.90, would you still close it and still go short?
Finally, where can I read about this, I mean the relation between astrology and the financial markets?
Thanks,Ignored