Trading/stock markets/forex markets etc :)

[sahil112]

euro jpy had big movements today!

[khushal]

Im a very slow and consertive trader. I have to analyze everything before I execute. I just entered short eur at 1.3630 sl at 1.3760, I dont know where I should get out though yet. I have to look at it and see where px behaves.

[sahil112]

Im a very slow and consertive trader. I have to analyze everything before I execute. I just entered short eur at 1.3630 sl at 1.3760, I dont know where I should get out though yet. I have to look at it and see where px behaves.

oh right, on what leverage do you trade?

and i would say your going to get support at 1.3430 and then after that 1.30

[khushal]

I do understand what your saying about wasting time in one trade for a long time, but thats the way I am. Do you know that the BOJ has a practice of buying dollars between 80- 95 yen and then sell them at 120-130 yen. They have been doing this for decades.

[sahil112]

I do understand what your saying about wasting time in one trade for a long time, but thats the way I am. Do you know that the BOJ has a practice of buying dollars between 80- 95 yen and then sell them at 120-130 yen. They have been doing this for decades.

yes i read about that, i believe that is 1 of the reasons why they always move up so quickly in a year and then down again.

[khushal]

oh right, on what leverage do you trade?

and i would say your going to get support at 1.3430 and then after that 1.30

they only give a max of 1:50 which i dont like, I would like 1:100 but more than that is too much

[sahil112]

they only give a max of 1:50 which i dont like, I would like 1:100 but more than that is too much

how reliable is your broker? i had to spend 2-3 months research just on trying to find a broker that wont stick their **** into me!

[khushal]

Ive been using the broker for 3 yrs now and I am very happy with them.
are you holding anything right now

[sahil112]

Ive been using the broker for 3 yrs now and I am very happy with them.
are you holding anything right now

who is your broker?
no i am not i have been extremely busy this week and havnt had the chance to even get a good look at what the market is saying and i guess that is a good thing because it seems to of been a very dead week apart from some nice action today. i will be inshallah trading the coming week though

[khushal]

I trade about 5-10% of margin which is average. Let me know when you get into a trade, lets see how you progress

[sahil112]

ah nice and deifiently.

[sahil112]

i am thinking of buying eur/gpb

[khushal]

Sahil,
How did you come to that conclusion. are you thinking 85 would be the stop loss

[sahil112]

Sahil,
How did you come to that conclusion. are you thinking 85 would be the stop loss

i changed my mind and am currently open trade eur/usd, there was a bull englufing candle in the hour chart about 6 hours ago and my stop loss is the low of that and tp is the 27th jan highs

[khushal]

Im still short 1.3630 sl at 1.3760, I actually added to my position, I still beleive this should go down unless it breaks 1.3760, then its a different story.