This blog is purpose as my personal educational note, journal, observation, experienced, opinion and etc from around place that i think is useful to me that I've gather to this blog about Forex Trading.
Disclaimer : The information provided is for general information only and is not intended to be relied upon by individual readers in making (or not making) specific investment decisions. Appropriate independent advice should be obtained before making any such decision.
Thursday, June 13, 2013
My Analysis EURJPY 13 June 2013
My buy stop yesterday had been trigger and got stop out..I realized yesterday high is 50% retracement of Tuesday move. Although i can move to break even point, but i don't. Doesn't matter at all. Yesterday just a history and a lesson. Not hurt at all. This morning i'd do some PO Buy. Here's the chart.
But now i'd changed Lot size and Stop Loss (SL) due the price make new low. Now more risk and reward due multiple position. But I had decrease the volume size. Please try this at home..jk
I'm sticking to my plan as yesterday analysis. The reason i make PO buy around there that I need to see price closing above the support (Double Bottom). I'm still see the chart just make a bubble/Distribution (testing supply) in current Intermediate Trend as Wyckoff noted that tops and bottoms were different. Market tops were often long draw out affairs, while market bottoms were relatively short violent beasts.