wasp

moved all to analysis thread.

I could post you 3 charts from occurances on my screen right now contradicting that view! I know, pesky life getting in the way of business and money!

I don't look at it like you though. I do not think ahead at all. I act on the now and now alone, irrespective of the timeframe etc. Whilst you may well be right that the overall trend is still down, price has rejected 206 and sellers are taking some profits/buyers stepping in. Until such a point where the opposite happens at resistance, I will be staying long.

Bloody lagging indicators. [lack of] reaction at support should have warned me. Sods law is a very underestimated factor! I had family visiting. Trying to concentrate on my 'silly line' when I have a 2 and 5 year dragging me each and every direction to play does not act as the most professional working environment. Shouldn't have worked for that reason alone really.

I agree, we were catching a falling knife. A ******* sharp one too. Of course, you don't know that till its landed. Yes and no. Yes, I wasn't waiting for my usual confirmation but that I know why I did it, which helps me slightly. That said, price can reverse very quickly with no signs at all sometimes. On a smaller TF, I see plenty of places for buying but no secondary strength/weakness retest occurances which I would normally look for. I did also point out earlier that every Yen pair was destined for more down move, yet still took the trade I didn't wait for confirmation or decent rejections of the levels and that's what buggered me. Still, gonna be pissed off regardless!

+55 pips on a 500 pip range week by Wednesday. WTF??!?!?! :\ Long again @ 206.30

Lost again. Bad enough all these losses but in a week of this size is just embarrassing and frustrating.

Just 208 would be good but not sure this has finished still.......

UJ only just starting its descent, EJ, NJ and GJ all strong downmoves... I have a rejection and close above 207 support... :\ Long GJ @ 207.15

I think we are going to find support here now though. Unfortunately, I expect we will have a bit of congestion and sideways movement again. That the worst part about messing up good trends, you need those pips to get you through the crap and make it all worthwhile...

pretty much yes. A push across and then close back above would give me the most confidence. Today we had occurances of price vibrating near the supports and I think I'm being harsh on myself in hindsight but a push across then retrace would be better.

Hopefully, we will now bounce about 207 > 207.25 for a couple of hours before going north again...

It should at least go within 20 odd pips and it didn't even do that! I've had family here today and they have distracted me (a likely excuse!!) and I have just rushed in annoyingly. Especially when 48hrs ago I said this would be happening! :crap:

Closed short for +60 to justify one of my earlier mistakes!

Ah well, we are only human! Still beats a 'real' job!

You and me both. One of my rules for a reversal is a rejection of support and I didn't have that on my 2 longs and should have been short all day!

I am out for -40 and reversed at 85 and realised I have been rushing into longs I should not have. No proper rejections... lesson learnt. Pay ****ing attention!!!!

Telling me! I am not impressed! Why it can't break support before each new candle, not after!!

in at 30 in the end

I want to use 40 pip stops maximum now which means waiting for a better price. I've had 175 this week and given back 120 in stops which is just stupid in these conditions!

I will go long under 25 but not yet.

Ok, looking for a long with a lower/better price.

Would have liked this to print a new 240m candle in the 208 - 208.20 / 208.60 - 208.80 region rather than half way between the 2! The dailies are looking to be on support now but holding off before doing anything just yet.... Would like to see either S/R properly rejected before entering either way atm.

Above 208 and I'll be entering long but giving it another hour yet.

Stopped out too for -50. I am going to look into tightening my stops I think.