ALERT
FILLED & STOPPED OUT OF BOTH
https://t.me/SwingTradingTraderTom/3973 = MINUS 35
https://t.me/SwingTradingTraderTom/3965 = MINUS 30
FILLED & STOPPED OUT OF BOTH
https://t.me/SwingTradingTraderTom/3973 = MINUS 35
https://t.me/SwingTradingTraderTom/3965 = MINUS 30
COMMENT
I can appreciate how the losses surrounding the interest rate announcement in Japan may seem like my trading is out of control to the uninitiated.
However, that is not the case. The price entry points are clearly marked out ahead of time. They are based on my understanding of where buyers or sellers will step in.
One thing I am not in control of is the news itself. As the headline says, this is a very unexpected move by Bank of Japan.
That is the reason why we trade with a stop loss. A "swing trade" for me is a trade where I am placing orders ahead of time, rather than reacting to the news itself.
I am always happy to answer questions from you, but I don't entertain "after the fact" questions, such as "why did you place this trade (implying that they disagree with the trade, on account that it lost money)".
As a swing trader, you do your research. You commit. You stand back and see the price action unfold. If you are filled, you manage the trade to the best of your ability.
Thank you.
Tom
I can appreciate how the losses surrounding the interest rate announcement in Japan may seem like my trading is out of control to the uninitiated.
However, that is not the case. The price entry points are clearly marked out ahead of time. They are based on my understanding of where buyers or sellers will step in.
One thing I am not in control of is the news itself. As the headline says, this is a very unexpected move by Bank of Japan.
That is the reason why we trade with a stop loss. A "swing trade" for me is a trade where I am placing orders ahead of time, rather than reacting to the news itself.
I am always happy to answer questions from you, but I don't entertain "after the fact" questions, such as "why did you place this trade (implying that they disagree with the trade, on account that it lost money)".
As a swing trader, you do your research. You commit. You stand back and see the price action unfold. If you are filled, you manage the trade to the best of your ability.
Thank you.
Tom
ALERT
Currently 40 points in profit in Euro Yen. I am moving stop loss to 163.49
Currently 40 points in profit in Euro Yen. I am moving stop loss to 163.49
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NEW ENTRY ORDER = GBP USD
Currently at 1.2688
BUY ORDER at 1.2650
STOP = 1.2625
TAKE PROFITS = Not set
REASON: TREND trade, Entry daily horizontal, previous consolidation zone.
https://tradertom.com/disclaimer
⚠️⚠️
NEW ENTRY ORDER = GBP USD
Currently at 1.2688
BUY ORDER at 1.2650
STOP = 1.2625
TAKE PROFITS = Not set
REASON: TREND trade, Entry daily horizontal, previous consolidation zone.
https://tradertom.com/disclaimer
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NEW ENTRY ORDER = EUR GBP
Currently at 0.8551
SELL SHORT order at 0.8575.
STOP = 0.8590.
TAKE PROFITS = Not set
REASON: TREND Trade, Entry- daily horizontal, previous resistance.
https://tradertom.com/disclaimer
⚠️⚠️
NEW ENTRY ORDER = EUR GBP
Currently at 0.8551
SELL SHORT order at 0.8575.
STOP = 0.8590.
TAKE PROFITS = Not set
REASON: TREND Trade, Entry- daily horizontal, previous resistance.
https://tradertom.com/disclaimer
⚠️⚠️
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NEW ENTRY ORDER = USD JPY
Currently at 151.70
SELL SHORT order at 151.93.
STOP = 152.13.
TAKE PROFITS = Not set
REASON: COUNTER TREND trade, entry retest of Monthly & Weekly swing highs. Daily horizontal. Fed rate decision.
https://tradertom.com/disclaimer
⚠️⚠️
NEW ENTRY ORDER = USD JPY
Currently at 151.70
SELL SHORT order at 151.93.
STOP = 152.13.
TAKE PROFITS = Not set
REASON: COUNTER TREND trade, entry retest of Monthly & Weekly swing highs. Daily horizontal. Fed rate decision.
https://tradertom.com/disclaimer
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NEW ENTRY ORDER = USD CHF
Currently at 0.8911
BUY order at 0.8850.
STOP = 0.8830.
TAKE PROFITS = Not set
REASON: TREND trade, entry, daily horizontal, Fed rate decision
https://tradertom.com/disclaimer
⚠️⚠️
NEW ENTRY ORDER = USD CHF
Currently at 0.8911
BUY order at 0.8850.
STOP = 0.8830.
TAKE PROFITS = Not set
REASON: TREND trade, entry, daily horizontal, Fed rate decision
https://tradertom.com/disclaimer
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⚠️⚠️
NEW ENTRY ORDER = USD CAD
Currently at 1.3605.
BUY order at 1.3550.
STOP = 1.3530.
TAKE PROFITS = Not set
REASON: TREND trade, Entry, weekly & daily horizontal, Fed rate decision.
https://tradertom.com/disclaimer
⚠️⚠️
NEW ENTRY ORDER = USD CAD
Currently at 1.3605.
BUY order at 1.3550.
STOP = 1.3530.
TAKE PROFITS = Not set
REASON: TREND trade, Entry, weekly & daily horizontal, Fed rate decision.
https://tradertom.com/disclaimer