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You can call me a masochist !

dragon1 Posted 17 Mar.  in #Trader's blog #Euro #USD/JPY #Reversal #Overdone
My days are done. The market has been excitingly horrendous. But what should I do with the money I still left? Use it, of course!
The way I throw in the towel is this: I simply short the bull and long the bear, and then I close my eyes praying the God for the luck!
Certainly, it could inflict mucho pain on me. Yes, I would take it. I'm becoming a masochist! What have I got to lose?
Ok, the answer is announced: I am shorting Euro/USD (at B), long USD/JPY (at D), and also long USD/CAD! With this I…
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Time to take a short bet on yen

dragon1 Posted 9 Mar.  in #Trader's blog #USD/JPY #Long #Rebound
After hitting a low of 112.25 last night, USD/JPY managed to rebound before reaching the support of 112.15. As we can see from the hourly chart, it has already broken the correction trend line, making a higher high. I think it is a reasonable bet on a long position. Note that shortly before, it had a inverted head and shoulder pattern ABC. This provides some support as well. So, friends, be brave, be greedy, no pain no no gain. You just have to take the plunge! Follow me!
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dragon1 9 Mar.

my position hit a stop loss :-(. Now it flies!

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dragon1 9 Mar.

correction: without reaching the support of 112.15

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Japanese yen going nuts!

dragon1 Posted 8 Mar.  in #Trader's blog #Exit #USD/JPY #Stop Loss
Short time ago, USD/JPT broke down the support 113.10. I finally resolved to exit my dismally performing USD/JPY slightly above 113.00 when it rebounded a little, raking in 100 pips of loss - my stunning but first loss this month. Fortunately, when I was entering this position, it was close to the weekend. So I only got half filled due to leverage tightening over the weekend. This effectively reduced my loss by more than half. Hardly any comfort! .
I suppose it is a good decision. Not only for …
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