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USD/JPY Discussion

  • #67,461
  • Jul 21, 2017 11:52am Jul 21, 2017 11:52am
Quoting AlexReid
{quote} I LOVE IT! No argument or evidence to back up his ridiculous claims, just unjustified insults on my forex education.
Alex, no need to get your knickers in a twist m8, the traders he is talking about always try to catch tops and bottoms they sell high from supply zones and buy low from good quality demand zones....getting 3/4 times stopped out is normal loosing 10/12 pips per trade and then when the trade clicks 200 / 400 pips easy. Ken just made over 1200 pips GN Sell, both edy and ken are currently running over 1000 pips in ucad sell. They just trade zones and thats the way to do it...☺
  • #67,462
  • Jul 21, 2017 12:32pm Jul 21, 2017 12:32pm
The pair broke the immediate support at 111.50. Next stop i think is 110.
  • #67,463
  • Jul 21, 2017 12:35pm Jul 21, 2017 12:35pm
Quoting NMZee
{quote} Alex, no need to get your knickers in a twist m8, the traders he is talking about always try to catch tops and bottoms they sell high from supply zones and buy low from good quality demand zones....getting 3/4 times stopped out is normal loosing 10/12 pips per trade and then when the trade clicks 200 / 400 pips easy. Ken just made over 1200 pips GN Sell, both edy and ken are currently running over 1000 pips in ucad sell. They just trade zones and thats the way to do it...☺
Okay mate.... i was just stating that its easier to follow a trend than it is to guess a top/bottom. Lets leave it there.
  • #67,464
  • Jul 21, 2017 2:30pm Jul 21, 2017 2:30pm
111.01 We bottomed here ...??? Possibly...
  • #67,465
  • Jul 21, 2017 4:14pm Jul 21, 2017 4:14pm
Late Friday afternoons in the middle of Summer is not a good gauge of topping or bottoming. See what next week brings.
  • #67,466
  • Jul 21, 2017 5:57pm Jul 21, 2017 5:57pm
Quoting jusstin911
{quote} So because the trend is down, I must SELL here? Of cause not... well, I started trading today and I was at babypips.com yesterday too happy?
You are a wise man
you rock mannn
  • #67,467
  • Jul 22, 2017 6:53am Jul 22, 2017 6:53am
Quoting F.g
111.01 We bottomed here ...??? Possibly...
Possibly, but I think still a ways to go...
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  • #67,468
  • Jul 22, 2017 8:30am Jul 22, 2017 8:30am
Here is a truism:
The market will continue to go up until it starts to go down.

Right now now with all my positions, I'm in the green with the hope for a strong retracement.

Understand it's the central banks that control the forex market. We just go for the ride.
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Taigen Profit This Month: na
  • #67,469
  • Jul 22, 2017 12:59pm Jul 22, 2017 12:59pm
It's all how you frame a price chart. Zoom in closer or zoom out a lot farther and you can say the market will continue to go Down until it starts to go up. To each their own - point of perspective/timeframe they choose to trade. Just don't say going long or going short (or went long/went short) without the rest of the details. Well unless you are into just throwing shit out there for the hell of it.
  • #67,470
  • Jul 22, 2017 1:18pm Jul 22, 2017 1:18pm
Quoting SunTrader
It's all how you frame a price chart. Zoom in closer or zoom out a lot farther and you can say the market will continue to go Down until it starts to go up. To each their own - point of perspective/timeframe they choose to trade. Just don't say going long or going short (or went long/went short) without the rest of the details. Well unless you are into just throwing shit out there for the hell of it.
Absolutely
Markets are Irrational
  • #67,471
  • Jul 22, 2017 2:07pm Jul 22, 2017 2:07pm
Quoting SunTrader
It's all how you frame a price chart. Zoom in closer or zoom out a lot farther and you can say the market will continue to go Down until it starts to go up. To each their own - point of perspective/timeframe they choose to trade. Just don't say going long or going short (or went long/went short) without the rest of the details. Well unless you are into just throwing shit out there for the hell of it.
That sounds logical and reasonable for a system or strategy thread, but this is a specific currency thread USDJPY. Which, in my opinion is perfectly acceptable not to share more.

Speaking ONLY for myself. I have a system that is unlike ANY in any forum and I have spent years developing it. If I gave my actual entries to the pip and exits to the pip it would give away my trade secrets. Posting a chart would reveal future trading sequences, I am not willing to do so. That is why I post here by giving generic price entries and exits.

What you and the other poster is advocating is not necessary for anyone.
  • #67,472
  • Jul 23, 2017 2:59am Jul 23, 2017 2:59am
Quoting Dt3
{quote} That sounds logical and reasonable for a system or strategy thread, but this is a specific currency thread USDJPY. Which, in my opinion is perfectly acceptable not to share more. Speaking ONLY for myself. I have a system that is unlike ANY in any forum and I have spent years developing it. If I gave my actual entries to the pip and exits to the pip it would give away my trade secrets. Posting a chart would reveal future trading sequences, I am not willing to do so. That is why I post here by giving generic price entries and exits. What you...
niemals aufgeben
  • #67,473
  • Jul 23, 2017 7:42am Jul 23, 2017 7:42am
just wait until 110,65 the last support for going long
  • #67,474
  • Jul 23, 2017 8:33am Jul 23, 2017 8:33am
Quoting NovaFX
{quote}
  • #67,475
  • Jul 23, 2017 8:46am Jul 23, 2017 8:46am
Quoting Dt3
{quote} That sounds logical and reasonable for a system or strategy thread, but this is a specific currency thread USDJPY. Which, in my opinion is perfectly acceptable not to share more. Speaking ONLY for myself. I have a system that is unlike ANY in any forum and I have spent years developing it. If I gave my actual entries to the pip and exits to the pip it would give away my trade secrets. Posting a chart would reveal future trading sequences, I am not willing to do so. That is why I post here by giving generic price entries and exits. What you...
Haha. Good one. Give away trade secrets.

BTW I don't post my trades because I don't have the time but then I don't post .... going long here/short there blah blah.
  • #67,476
  • Jul 23, 2017 9:10am Jul 23, 2017 9:10am
Looks good for a long here, support point. I would imagine it will retrace somewhat even if it wants to go down to the next level.
  • #67,477
  • Edited 10:48am Jul 23, 2017 10:27am | Edited 10:48am
Quoting SunTrader
{quote} Haha. Good one. Give away trade secrets. BTW I don't post my trades because I don't have the time but then I don't post .... going long here/short there blah blah.
HAHA, lol.

Is ok, I understand skepticism very well. I am the type of person who will not settle for just "probabilities" and averaging, like 99% here do. Including you.

As for what you do post or don't post, is up to you. But it is not necessary to berate others for choosing not to.

Since you posted what you think traders "should" post, plz explain, why anyone should follow your advice? What benefit is there for anyone to do so?

Blah blah blah = arrogance and super childish.As far as not having time to post your trade cuz it takes too much time? LOL I have plenty of time, that's what happens when you don't have to guess.
  • #67,478
  • Jul 23, 2017 10:42am Jul 23, 2017 10:42am
Quoting Dt3
{quote} HAHA, lol. Is ok, I understand skepticism very well. I am the type of person who will not settle for just "probabilities" and averaging, like 99% here do. Including you. As for what you do post or don't post, is up to you. But it is not necessary to berate others for choosing not to. Since you posted what you think traders "should" post, plz explain, why anyone should follow your advice? What benefit is there for anyone to do so? Blah blah blah = arrogance and super childish.
I will be more than happy to show you the truth, but you would have to sign a non disclosure and pay me a ridiculous amount of money for me to do so.
Which, most would scoff at, understandably.(not selling anything here or pumping to do so. EVER)
  • #67,479
  • Jul 23, 2017 10:48am Jul 23, 2017 10:48am
Quoting Dt3
{quote} I will be more than happy to show you the truth, but you would have to sign a non disclosure and pay me a ridiculous amount of money for me to do so. Which, most would scoff at, understandably.(not selling anything here or pumping to do so. EVER)
agree
  • #67,480
  • Jul 23, 2017 10:49am Jul 23, 2017 10:49am
Quoting Dt3
{quote} HAHA, lol. Is ok, I understand skepticism very well. I am the type of person who will not settle for just "probabilities" and averaging, like 99% here do. Including you. As for what you do post or don't post, is up to you. But it is not necessary to berate others for choosing not to. Since you posted what you think traders "should" post, plz explain, why anyone should follow your advice? What benefit is there for anyone to do so? Blah blah blah = arrogance and super childish.
Seriously guys i had no idea this thread has become just like EU thread. Bear or bull both makes money here. Its a game of probability and avereging. Thats my opinion your's is different. I respect that. Both of us are correct.☺
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