USD/JPY Discussion

Support is expected at around 109.20. I'm thinking about going bullish if it gets there.

agree...with you

110.150 to 110.200 is the level to watch.

bullish hidden divergence at Gold H4

blue zone could be solid buying opportunity

all this marathon, I can see the finish line about 70 meter in front of

adding a sell,
the high of last M5 candle (now) at my platform is 110.999

$Y (monthly)

we are inside the 5th wave ... TP 125,50 ( 1st wave mother)


$Y (weekly)(daily)

we are inside the 3rd of 5th wave ... TP 114,70 ( 1st wave of 3 compo )



P.S.
(2+3compo+4+5 = 3rd wave of 5th one)+(4th)+(5th)=125,50

I guess I hadn't look close before but that is not Elliott Wave. Not even close.

Or otherwise your wave labels are in the wrong spots?

Hey SunTrader,

They are attempts to understand the chart and possible the correlations ($&P, Dax)



P.S.
... and maybe understand ... myself ...

Thought I do some drawings..

Happy Weekend

Can anyone help me please to get me out of here? I have trapped myself in worst hedging.

Hello man, relax if yiu are sble to edge that think like this: its currently in a medium/long term down trend. Sinse you are edging you only have stuff to win. Focus on making a downards triangle in your graphic using daily candles. Place your tp on the buy orders at the top it will show (id say 113ish but im on the phone so cant help with that), then let the shorts roll down to 104ish. But man uou should really be careful with your laverage. I think you are way too exposed but thats just me

Hey KashifNawaz,

It's just my opinion ...

The problem is you are too leveraged at ... 58 (scalping mode?) ... instead of x2x4x8 and ... without a logic ...
(The proof is that if you had done the opposite ... you would be better ...)

Solution: follow a TS (with 1 micro lot, getting confident)


P.S.
Demo test (scalping mode):
$Y (m5) ... (ma13yellow X BB55green lower or higher) (TP, SL = entry@)

You r right... he should place TPs on buys and wait for sells to get them green while price rolls down to 104ish... thumbs up... he has made the same mistake which I did on my first account of $250 five years ago... after that I left hedging forever because it is a double edged sword... if you do not take into your consideration the leverage factor...

That is not worst hedging realy, is just a bad MM, you can do many things for example

n°1- when you don't know what to do just close all trades and get the lose I know it can sound crazy but it can go worst than this, if you can't aford the lose go to n°2

n°2- usdjpy will go back to 110 so if I was you I will close all the lots I bought at the time the market open and wait to go back to 110 put a sl 111.2 but you also take some loses from the buy position u took

n°3- you can close half of the buy position u took at the time the market open, half of each position and this in case the price will go up again so you can close that and then wait to go down to 110

I personaly like the n°2 but you can do wath ever you want it's your acc and your money

You did some big mistake- don't trade on Friday or if you trade use smaller lots that usual in the rest of the week bc it's posible that you will get stuck in weekend with you position opened, I use Friday as closing trades or even a day before and if I trade I use smaler lots than normal
-you need to decrease your lotsize a lot somthing like 0.1 lot's per trade and also when you add other sell or buy position let some room of minimum 15 pips between the trades
- when you open a new position above or under the one you did put at least the same amount if not biger of lots you used in the first trade(example you buy 0.1 lot of usd/jpy the buy go against you and you have -10 pips wait till or more -15 pips and buy again the same or more lots 0.1 or0.15 etc
-always you need to use sl put a sl that work with your strategy and keep it no mather what
- check other forums to be sure of what you do I posted Fridayon dragonriders that usdjpy will go back down to 110 and if you watch the hour I posted the price was at 110.90
Sory guys I'm not here to hijack your forum just giving some tips
IMPORTANT if the price will go to 110 (yes I'm sayng if because nothing can be sure on the market) don't wait and try your luck that maybe it will go way lower close the trade and that's it

This person is losing. The best thing to do when losing it to get out ... completely! Now!

And then either stay out or learn what NOT to do in the future.

Like ummmmm don't hedge unless you really, really know what you are doing. And don't listen to too many internet opinions of what to do now or in the future.

you right but you know how we all been in the begining, we taught that we are the one who know eveithing but it wasn't that way till you get buthurt realy bad then, only after that you start to learn or maybe is only my experince

h4

$Y (h1)

my view ...