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

  • redchilly
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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.
dyor
redchilly
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Hoping to make my first currency trade today 26 Nov 2012 08:53 #4

  • diver993
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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 :blink:
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