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TOPIC: Hoping to make my first currency trade today

Hoping to make my first currency trade today 26 Nov 2012 16:57 #1

diver993 OFFLINE Senior Poster everything is possible Posts: 699 Thank you received: 1138 Karma: 25	Ha! Sorry, that's what ya get for posting in a rush this morning...lol! What I meant was, the order is going in today, not that it would hit today. Humble apologies
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Hoping to make my first currency trade today 26 Nov 2012 11:50 #2

remo
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id be well surprised if that trade activates today

Thats still 150 points away.

Id also be surprised if it goes that low due to the move we have just had over the past 10 days.
Its pretty much vertical so im expecting a sideways move to build strength for the next push ahead.
If it drops that low then people may get spooked . Unless it takes a week or so to get there???
The next push ahead should hit the target at 84.17
Thats where i will be shorting next with the first attempt.

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remo

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Hoping to make my first currency trade today 26 Nov 2012 10:30 #3

redchilly OFFLINE Senior Poster Posts: 589 Thank you received: 1107 Karma: 31	Good Luck with your first currency trade. Your stop level seems to be too far away. If you are entering at 50%fib, stop should be 60 points or below 61.8% fib.
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Hoping to make my first currency trade today 26 Nov 2012 08:53 #4

diver993 OFFLINE Senior Poster everything is possible Posts: 699 Thank you received: 1138 Karma: 25	Hoping to get long on USD/JPY at 80.955. Target 85.00 screencast.com/t/DZiLsGc7ys I guess the stop will have to be around 78.89
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