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USD/JPY Discussion

  • #67,641
  • Jul 26, 2017 10:26pm Jul 26, 2017 10:26pm
Funny how GJ and UJ move in opposite directions at the moment. Dollar too weakened to catch up. Correlation overwhelmed. FOMC smashed me completely. Let me keep looking south
  • #67,642
  • Jul 26, 2017 10:28pm Jul 26, 2017 10:28pm
Im IN and may add more if any deeps

cheers
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  • #67,643
  • Jul 26, 2017 10:42pm Jul 26, 2017 10:42pm
Quoting jusstin911
Im IN and may add more if any deeps cheers {image}
Keep riding
  • #67,644
  • Jul 26, 2017 10:52pm Jul 26, 2017 10:52pm
Quoting NMZee
{quote} Zone always consist of 2 lines which means 2 prices. One is called proximal which is near to the price and second line is calked distal line. Your SL is always few pips under or above this distal line....depending on long or short..

NMZee, check it out, as far as I understand the rules to form the zones. And my idea of adding a cool mid line on the zones..

DZ = fresh ?
SZ = old ?

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  • #67,645
  • Jul 27, 2017 1:57am Jul 27, 2017 1:57am
110.78 is good enough low for me . Long now.

  • #67,646
  • Jul 27, 2017 2:11am Jul 27, 2017 2:11am
Quoting F.g
110.78 is good enough low for me . Long now.
it looks like it's going to be a long day mate
  • #67,647
  • Jul 27, 2017 2:17am Jul 27, 2017 2:17am
Just took another long as well, looks like a nice setup. I would like 111.8.
  • #67,648
  • Jul 27, 2017 4:23am Jul 27, 2017 4:23am
Quoting Starcraftmaz
Just took another long as well, looks like a nice setup. I would like 111.8.
agree with you...if uj drop i'll be open long
  • #67,649
  • Jul 27, 2017 4:58am Jul 27, 2017 4:58am
After the FED news yesterday USD/JPY returned to the support at 111.00 and is one again range-bound above that level. I think it's possible to see another move to the upside to 112.20.
  • #67,650
  • Jul 27, 2017 5:13am Jul 27, 2017 5:13am
at the moment, 111.411 act as mid of weekly moving average. If price dominantly play above this price, then stronger possibility that price go north. Meanwhile, I stay shorting.


edit
  • #67,651
  • Jul 27, 2017 5:18am Jul 27, 2017 5:18am
UJ Bouncing at support area...hmmmm prepare to go up?? i'm still hold my long position..
if UJ drop again, ill be waiting at support area, and open long again, as simple as that
i love UJ , uj like a maria ozawa..hahah LOL
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  • #67,652
  • Jul 27, 2017 5:55am Jul 27, 2017 5:55am
Quoting NagaMas
{quote} NMZee, check it out, as far as I understand the rules to form the zones. And my idea of adding a cool mid line on the zones.. DZ = fresh ? SZ = old ? {image}
I have drawn the
SZ SUPPLY ZONE
DZ DEMAND ZONE
Anything in between is a gamble with big SLs selling from top will have an SL of 10 15 pips max. Similarly chk yourself if you went long from demand zone how big or small your SL would be.
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  • #67,653
  • Jul 27, 2017 6:01am Jul 27, 2017 6:01am
Quoting NMZee
{quote} I have drawn the SZ SUPPLY ZONE DZ DEMAND ZONE Anything in between is a gamble with big SLs selling from top will have an SL of 10 15 pips max. Similarly chk yourself if you went long from demand zone how big or small your SL would be. {image}
For zones to be created, most important candles are the base candles. Minimum 1 max 6 . Less than 1 base candle means price continously moving. More than 6 means price stayed too long at a price range and is a weakness of the zone.
  • #67,654
  • Jul 27, 2017 6:10am Jul 27, 2017 6:10am
Quoting NMZee
{quote} There is no demand zone. Thats the breakout point if price stays there. There is no demand zone. There is however a good supply zone which would be your tp for the BO ( breakout) trade. place to buy, a demand zone is 110.80 to 111.00
Naga, from whete the price has reversed..?? 110.84. What was the zone mentioned above. In 24 hrs you have seen the price go to supply zone. Cameback 130 odd pips and the up again 50 pips. I went long last time from 110.70 i think when everyone was thinking that dont buy its just sell sell sell....just follow zones you will lose 15 pips if u r wrong and earn 40 if u r right. Try to have a 50% win ratio not more than 10 trades in a week. That makes 125 pips per week 500 per month. Enough money...isnt it☺
  • #67,655
  • Jul 27, 2017 7:03am Jul 27, 2017 7:03am
Quoting NMZee
{quote} Naga, from whete the price has reversed..?? 110.84. What was the zone mentioned above. In 24 hrs you have seen the price go to supply zone. Cameback 130 odd pips and the up again 50 pips. I went long last time from 110.70 i think when everyone was thinking that dont buy its just sell sell sell....just follow zones you will lose 15 pips if u r wrong and earn 40 if u r right. Try to have a 50% win ratio not more than 10 trades in a week. That makes 125 pips per week 500 per month. Enough money...isnt it☺
yeah, I agree with that, that's economical way to trade. RR is measured well ..

I need some more time practicing to identify the zone.
  • #67,656
  • Jul 27, 2017 8:23am Jul 27, 2017 8:23am
Quoting NagaMas
{quote} yeah, I agree with that, that's economical way to trade. RR is measured well .. I need some more time practicing to identify the zone.
Pick out a currency pair.
Take 1 hr chart and draw your lines for SZ and DZ. Do same for 4 hr and daily. I will help review them. While at it i'll also explain to you the diff betwen strong and weak zones.
  • #67,657
  • Jul 27, 2017 8:43am Jul 27, 2017 8:43am
Quoting NMZee
{quote} Pick out a currency pair. Take 1 hr chart and draw your lines for SZ and DZ. Do same for 4 hr and daily. I will help review them. While at it i'll also explain to you the diff betwen strong and weak zones.
how bout this

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  • #67,658
  • Jul 27, 2017 8:49am Jul 27, 2017 8:49am
Quoting NagaMas
{quote} how bout this {image}
Great identification of Supply zone.
Now add 20/50/100/200 ema to this chart. Use same parameters for all 4 and the repost this chart plz.
  • #67,659
  • Jul 27, 2017 9:00am Jul 27, 2017 9:00am
Quoting NMZee
{quote} ... Now add 20/50/100/200 ema to this chart...
That is not from Sam Seiden of Online Trading Academy?
  • #67,660
  • Jul 27, 2017 9:04am Jul 27, 2017 9:04am
Quoting NMZee
{quote} Great identification of Supply zone. Now add 20/50/100/200 ema to this chart. Use same parameters for all 4 and the repost this chart plz.
method : exponential,
apply to : close


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