Hi Guys, hope you are all having a wonderful weekend. I believe this would be a nice sell. Use a tested strategy to trade such moves, if you don't have one then spend more time learning rather than trading. Driving is a risky thing so NORMAL people LEARN to drive before they are allowed on the road. Trading is a VERY HIGH RISK business so please LEARN to trade before you do so live. Regardless of what you might have heard out there , no one was ever successful by trading out of ignorance. You need Knowmedge, like in any other profession, so selling or buying because someone says so is not a winning strategy EVEN IF THEY GIVE YOU ENTRY AND STOPS!!!! You don't know the analysis and the strategy so you are still trading out of ignorance!! My posts are showing the possible direction I AM EXPECTING it to go based on my ANALYSIS (which you don't know) so use this post, ONLY, if you have similar analysis, you have a strategy to trade it and you understand the risk involve.
Trade with care Thank you for your support.
Komen
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Similar view on the NZDJPY
Komen
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GBPJPY is not such a good sell
Komen
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Komen
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Komen
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hi Guys, looks like Aj s making a bigger correction so i;ll wait for the next setup.
@fxemms44, if your account is eroding , then you should stop trading until you figure out a good strategy to use. If you lost this trade that should be only one percent of your account. If you took the winning trades that should give you 2-5 % on your account . If you can't handle a lost stop trading.
fxemms44
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@anilmangal, you're like my conscience talking to me...thanks...I just can't figure why Yen doesn't seem to budge when BoJ released good new and I'm not against USD
triptihtrader38
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Anil can give you new eyes.
Great.
anilmangal
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REMINDER: webinar in 3 hrs, link is in my profile , click on name to get it .
sudhir123
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@anilmangal, Sir how did you analyse that the breakout will be after 7waves(double zigzag ) not 5 waves(leading diagonal) .It will be very very helpful if I could know .
luisd
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Daily traders are shorting each new high and ADDING to their position; H4 traders are buying each (2-legged) retracement and selling out at the previous top. At a certain point (if there is a strong bear breakout on the H4) probably the H4 traders will change their mind and agree with the Daily traders... and then... boom... :)
2Smart2Trade
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As far as both of your analysis i can say that they are not good look at my chart for possible continuation if the breakout o ccurs the breakout is temporary but worthy. On the downside potential is weak for a reversal it can go little bit down but easily can go back up