beeker

out at 22.360, rejected nicely at 22.380 and moved stop up, could not post fast enough sorry still in this triangle playin around

my bad, been watching this thread for awhile and it's one of the better ones on the forum. here's a chart of the 15m EURJPY, i only trade futures but since today is President's Day and US markets are crap, nice to check out the forex... price action is the same whether you trade forex, futures, stocks, whatever... it's all run by human emotion and psychology which doesn't change (except for the computers, but those are programmed by humans). this is a 15m, only trade on fast time frames usually a 1m and 5m, but this is still valid for a longer term trade, just larger risk/reward compared to the faster time frame. red circle is where i'd go long, yellow trendlines just shows the break and the bottoming pattern is sort of obvious, the red line is the lowest i'd like to see this go for the long thesis to still be intact. to make a call, long will be at 22.373, gotta worry about 22.375-22.380 but past that should be good to push up. stop at 22.340, first target at 22.430. this is on my demo account, i don't have a funded forex account yet, only trading the futures live.

and no i didn't enter it, didn't have a limit and i'm not chasing it, would've been long at 22.345 but you can shoulda, woulda, coulda yourself to death

long is startin to play out, looks like 22.400 first area it should go, past that with some momentum, looking at 22.436

Anyone else thinking long on the EURJPY?