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USD/JPY Discussion

  • #67,441
  • Jul 21, 2017 9:50am Jul 21, 2017 9:50am
Quoting SunTrader
{quote} Yes. They do. And that is why retail traders shouldn't. The pro's eat retailers trying to do what they do. Your choice obviously but it's reality.
Is that really logical to say, "pros do it, so we shouldn't"?
Isn't everyone here trying to become a pro? or at least profitable? Not Pro Banker.
Accumulation for Long trades happens on down moves and accumulation for Short trades happens on up moves.
Draw a trend line above price in a down trend, does the trend end when the line is broken, or closed above? No.
The trend ended below the line, traders are waiting for confirmation, breakout. Too late.
Don't mistake counter trend trade as a bad thing. All trends start on a BAD trend trade taking place.
  • #67,442
  • Jul 21, 2017 9:58am Jul 21, 2017 9:58am
Quoting Dt3
{quote} Is that really logical to say, "pros do it, so we shouldn't"?
Ever heard of the expression zig when they zag?

Trying to beat a pro at their game is futile for almost everyone that ever tries.
  • #67,443
  • Jul 21, 2017 10:02am Jul 21, 2017 10:02am
Done with usdjpy short for now
COT: The precious data ignored
  • #67,444
  • Jul 21, 2017 10:03am Jul 21, 2017 10:03am
Quoting Don96
{quote} Ken a gator edy... And please tell me how much easier it is to deternity the strength of a breakout... or trend continuation... I didn't even read past this part of your post, I'm trying to help and telling you you have and lot to read and learn
I suggest you read them, maybe some knowledge will filter into that thick skull of yours.
Is 'ken a gator edy' your example of a strategy, a quick search on ken a gator edy fails to bring any evidence of a consistently profitable strategy. I believe you read the post but couldn't come up with an argument against my logic, and thats fine bro maybe one day you will realize that your ignoring the obvious and lying to yourself. I mean even your profile pick represents my point. Stop lying to yourself.
You both keep talking of 'PRO' traders that are counter trend traders, wheres the evidence? wheres the strategy to back that claim up?
And you want evidence that a breakout or trend continuation is stonger than a pullback 9/10 times.... Look at any of your charts that are trending, now measure the length of the breakouts/trend continuations and then measure the length of the pullbacks. Simple stuff you learn at the very beginning of trading that seems to be alluding you, but yet you want to pull me up on my forex education.
Im done trying to explain simple logic to simpletons. My advice to you is to keep trading against the trend and loosing your money ill make sure to walk behind you and pic up the pennies and they fall out of your pockets.
  • #67,445
  • Jul 21, 2017 10:03am Jul 21, 2017 10:03am
Quoting SunTrader
{quote} Ever heard of the expression zig when they zag? Trying to beat a pro at their game is futile for almost everyone that ever tries.
Not trying, doing. I don't need to beat them, just need to think like they do. Know your enemy strategy will help traders find an edge that they can adapt.
  • #67,446
  • Jul 21, 2017 10:04am Jul 21, 2017 10:04am
Quoting AlexReid
{quote} I suggest you read them, maybe some knowledge will filter into that thick skull of yours. Is 'ken a gator edy' your example of a strategy, a quick search on ken a gator edy fails to bring any evidence of a consistently profitable strategy. I believe you read the post but couldn't come up with an argument against my logic, and thats fine bro maybe one day you will realize that your ignoring the obvious and lying to yourself. I mean even your profile pick represents my point. Stop lying to yourself. You both keep talking of 'PRO' traders that...
Lol you show you hae no clue in your posts... carry on misunderstanding how to trade and even misunderstand baby pips
  • #67,447
  • Jul 21, 2017 10:07am Jul 21, 2017 10:07am
Booked profits on short from 113.9. Happy Friday everyone
niemals aufgeben
  • #67,448
  • Jul 21, 2017 10:08am Jul 21, 2017 10:08am
Quoting Don96
{quote} Lol you show you hae no clue in your posts... carry on misunderstanding how to trade and even misunderstand baby pips
I LOVE IT! No argument or evidence to back up his ridiculous claims, just unjustified insults on my forex education.
  • #67,449
  • Jul 21, 2017 10:10am Jul 21, 2017 10:10am
Quoting Mwfinad1211
111.069 has been a strong point of demand. As we approach that level I'm curious to see if we will get a strong bounce, trend reversal, or if we will continue on through.
Like your call,very nice.
  • #67,450
  • Jul 21, 2017 10:11am Jul 21, 2017 10:11am
Come on guys, can't we just trade and discuss ideas without hurling insults and resorting to personal attacks? Arguing with people on the internet is like the special olympics. Even if you win, you're still retarded.
niemals aufgeben
  • #67,451
  • Jul 21, 2017 10:17am Jul 21, 2017 10:17am
Quoting AlexReid
{quote} I LOVE IT! No argument or evidence to back up his ridiculous claims, just unjustified insults on my forex education.
If you guys actually read the brokers disclosures, they tell you plainly, "do not trust their education, signals and strategies."
So, where did you get your strategy a BROKER sponsored forum? Plz think.
So why keep on arguing, let's see your entry price and exit, if you have the goods.
  • #67,452
  • Jul 21, 2017 10:19am Jul 21, 2017 10:19am
Quoting Dt3
{quote} Not trying, doing. I don't need to beat them, just need to think like they do. Know your enemy strategy will help traders find an edge that they can adapt.
I understand. You are (been around here a long time like myself) but not majority. My message is for the majority - the 90%ers.

But understand when you say ... added long ... in a strong downtrend newbies may not realize that you counter trend trade and what that truly even means.
  • #67,453
  • Jul 21, 2017 10:24am Jul 21, 2017 10:24am
Quoting SunTrader
{quote} I understand. You are (been around here a long time like myself) but not majority. My message is for the majority - the 90%ers. But understand when you say ... added long ... in a strong downtrend newbies may not realize that you counter trend trade and what that even means.
Is Ok, things get heated for whatever reason. all is cool! LOL yes, not a majority thinker here.
  • #67,454
  • Jul 21, 2017 10:42am Jul 21, 2017 10:42am
Quoting Dt3
{quote} If you guys actually read the brokers disclosures, they tell you plainly, "do not trust their education, signals and strategies." So, where did you get your strategy a BROKER sponsored forum? Plz think. So why keep on arguing, let's see your entry price and exit, if you have the goods.
Attached Image (click to enlarge)
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  • #67,455
  • Jul 21, 2017 10:45am Jul 21, 2017 10:45am
Quoting Dt3
Short from 114.38 to 113.58 Nice support for long again @112.50
Here is from 11 July
  • #67,456
  • Jul 21, 2017 10:48am Jul 21, 2017 10:48am
Quoting AlexReid
{quote} {image}
Cool, but I had to get my magnifying glass out to read it. lol
I hope you are good, no hard feelings.
  • #67,457
  • Jul 21, 2017 10:50am Jul 21, 2017 10:50am
Sorry about the size haven't used paint since i was in school haha. And same here bro.
  • #67,458
  • Jul 21, 2017 11:25am Jul 21, 2017 11:25am
Quoting Dt3
{quote} Is Ok, things get heated for whatever reason. all is cool! LOL yes, not a majority thinker here.
LOL now I screwed up. That message was for Don96.
  • #67,459
  • Jul 21, 2017 11:27am Jul 21, 2017 11:27am
Quoting SunTrader
{quote} I understand. You are (been around here a long time like myself) but not majority. My message is for the majority - the 90%ers. But understand when you say ... added long ... in a strong downtrend newbies may not realize that you counter trend trade and what that truly even means.
It's because he acted like trend trading is the only way to tfade... and that he know severytjing... because he read babypips a few times before he went to sleepiesss
  • #67,460
  • Jul 21, 2017 11:48am Jul 21, 2017 11:48am
Quoting SunTrader
{quote} LOL now I screwed up. That message was for Don96.
LOL, is ok, I been around a long time too. Just not a heavy poster till late.
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