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USD/JPY Discussion

  • #69,621
  • Oct 12, 2017 12:00am Oct 12, 2017 12:00am
Quoting FastPipn
Wow, this is really f***ed up. I had this short at 112.343 for freakin 10 hours ago. I tried to get out at breakeven with swap costs, ready to click that button... price never got to breakeven, why? because I have entered a sell there... Can't even give me a full pip... ridiculous. and still here... trying to get out with a pip cause I need to get to bed. lol, geeze. {image}
Hey man, I sold at 112.3384 (average)...so I'm worse off than you...I think UJ is going to fall off soon...get ready to collect your green pips!
  • #69,622
  • Oct 12, 2017 12:01am Oct 12, 2017 12:01am
Quoting FastPipn
Wow, this is really f***ed up. I had this short at 112.343 for freakin 10 hours ago. I tried to get out at breakeven with swap costs, ready to click that button... price never got to breakeven, why? because I have entered a sell there... Can't even give me a full pip... ridiculous. and still here... trying to get out with a pip cause I need to get to bed. lol, geeze. {image}
What time is it at wherever you are? I'm in Asia, it's 13:00 here.
  • #69,623
  • Oct 12, 2017 12:14am Oct 12, 2017 12:14am
Quoting MoneyFocus
{quote} What time is it at wherever you are? I'm in Asia, it's 13:00 here.
It's 1:00 am here in U.S. still waiting for that full pip before bed.

Every time it tries to come down, never more that a half of pip, but
when it bounces , goes for several pips. its been doing that for 11 hours, unbelievable.

Seems like I took a perfect spot for price to bounce off of.
Just 20 pips a day to riches
  • #69,624
  • Oct 12, 2017 12:15am Oct 12, 2017 12:15am
Quoting FastPipn
{quote} It's 1:00 am here in U.S. still waiting for that full pip before bed. Every time it tries to come down, never more that a half of pip, but when it bounces , goes for several pips. its been doing that for 11 hours, unbelievable. Seems like I took a perfect spot for price to bounce off of.
I'm with you..if there's any consolation.
  • #69,625
  • Oct 12, 2017 12:27am Oct 12, 2017 12:27am
Quoting 4xjunkie
{quote} If you want it to be. I want to see if the actual sentiment is the same as what we are told from all of the standard information sources. basic challenging what we are told. the 90/90/90 phenomenon which state 90% of traders loose 90% of there equity in 90 days. with many brokers taking the other side of the retail traders trades. and supplying the information we use they are spoon feeding us false info for there gain. our money in our accounts is worthless the them. the game is how to get it out of us.
Challenging the existing opinion is good. I support it. But to think that sl hunting is real is wrong for me. I think them taking other side of the trade is good because it happens when no one is there to take the opposite side.
Game is how to enjoy what you are doing.
A trade should be based on an assumption based on facts
  • #69,626
  • Oct 12, 2017 12:27am Oct 12, 2017 12:27am
Quoting FastPipn
Wow, this is really f***ed up. I had this short at 112.343 for freakin 10 hours ago. I tried to get out at breakeven with swap costs, ready to click that button... price never got to breakeven, why? because I have entered a sell there... Can't even give me a full pip... ridiculous. and still here... trying to get out with a pip cause I need to get to bed. lol, geeze. {image}
The USDJPY is miserable like that. I'm only trading EURUSD unless I see a perfect USDJPY setup.
Here's Tom with the weather.
  • #69,627
  • Oct 12, 2017 12:31am Oct 12, 2017 12:31am
Quoting FastPipn
{quote} It's 1:00 am here in U.S. still waiting for that full pip before bed. Every time it tries to come down, never more that a half of pip, but when it bounces , goes for several pips. its been doing that for 11 hours, unbelievable. Seems like I took a perfect spot for price to bounce off of.

Here we go..
  • #69,628
  • Oct 12, 2017 12:35am Oct 12, 2017 12:35am
Quoting MoneyFocus
{quote} I'm with you..if there's any consolation.
Alright, I'm out with +1.4 pip. and as expected, after 11 hours, as soon as I get out of the trade,
the price goes down even further. just wow...

since I'm out, flood gate to the downside is now open..

Now watch the price go down. GL

Bed now.
Just 20 pips a day to riches
  • #69,629
  • Oct 12, 2017 12:38am Oct 12, 2017 12:38am
Quoting FastPipn
{quote} Alright, I'm out with +1.4 pip. and as expected, after 11 hours, as soon as I get out of the trade, the price goes down even further. just wow... since I'm out, flood gate to the downside is now open.. Now watch the price go down. GL Bed now.
Good night my fellow FX trader.

Hopefully we see 112.20.
  • #69,630
  • Oct 12, 2017 1:04am Oct 12, 2017 1:04am
It seems to be 112.6 a maximum for retrace. Not bad.
Awaiting 111.6 to react, then 110.8
Forcemeat can not be unrolled back...
  • #69,631
  • Oct 12, 2017 1:07am Oct 12, 2017 1:07am
Quoting catroot
It seems to be 112.6 a maximum for retrace. Not bad. Awaiting 111.6 to react, then 110.8
This thing is stubborn as a mule. I'm contemplating closing my shorts. After all, I opened them on the goal of scalping!
  • #69,632
  • Oct 12, 2017 1:26am Oct 12, 2017 1:26am
Of course..the moment I close it, it falls 3 pips..

Oh well, no regrets. Green pips are green pips.
  • #69,633
  • Oct 12, 2017 1:37am Oct 12, 2017 1:37am
I lowered my SL on longs at 112.20 and plan to buy more at 112.35 ON STOP

  • #69,634
  • Oct 12, 2017 1:44am Oct 12, 2017 1:44am
Quoting F.g
I lowered my SL on longs at 112.20 and plan to buy more at 112.35 ON STOP
Hey there. Just curious, do you think there is still a chance USDJPY rallies to 114? Thanks.
  • #69,635
  • Oct 12, 2017 1:48am Oct 12, 2017 1:48am
Quoting maverick2017
{quote} Challenging the existing opinion is good. I support it. But to think that sl hunting is real is wrong for me. I think them taking other side of the trade is good because it happens when no one is there to take the opposite side. Game is how to enjoy what you are doing.
Yes, brokers do provide liquidity, and make it possible of all of us to have access to the markets just a few clicks away. But there becomes conflict of interest by them taking the other side of our trades. I not trying to start a rant on anything especially on the brokers. we have to use them, but by them taking the other side of the trade puts the retail trader in the opposing camp. At the end of a given period of time all institutional trader have to produce a positive PNL, if not they cut there losses and move on. so with that pressure and knowing where the bulk of the stops are and how much can be made if we can just bounce price off that support or resistance spot. which they can. not the brokers but the banks. which they can do thy have the biggest piece of the pie at any given time. all they have to do is work together.what would you do? the same as us follow with the smart money, don't chase the market.

The point im trying to make is at this current time in the market u/j has gaped up and made an impulsive move up of a new low, and i think technically has just consolidated for what feels like weeks. All indicators and price action its self are starting to send off sell signals, the amount of stop losses from 113.5 to 114.5 is probably painted so red they can taste it. like a well cooked piece of meat. I think were 11 days in the final quarter of the year, would be a bad way to start off the end of the year. nail your quota per say 3 weeks in for the quarter and ride out the rest. This is a difficult perception even for myself, knowing that japan has one of the oldest work force, and that they are a creditor nation that works off credit not debit. so they need to keep the price of there currency cheep in order to keep interest in exports which is a large portion of there economy. if you could watch a time and sales feed for the pair its quite interesting. It seemed like last week all i seen was sale order after sale order it would go hours without seeing a single buy order.

please nobody take any offence to what i say or make trades based on my opinion. it feels like the mother of all short squeezes to me and based off what I remember, is that where we are again. plan your trade trade your plan. if someone had the same feelings about what the next big move was and didnt share that, even it its was just for conformation, or just to learn. then what's the point of this forum. it is called interactive trading. not lets all agree to agree and see how many times we can push the refresh button and nothing new is on the thread. In my experience the best way to start constructive conversation and learning is by leading with a opposing view that you believe in. every one woke up and at least took a look at their charts and probably reviewed their stratages. got a little due dillagance out of you. absoultley necessary to be sucessful. we are slaves to volitivity,without it consilidation and sidways prevail and sucks us in to bad trade or we try to force a scalp just to meet that daily quota or whatever we have set as a personal target.
  • #69,636
  • Oct 12, 2017 2:04am Oct 12, 2017 2:04am
USDJPY completes bearish Gartley formation at 112.73 which coincide with ABCD formation. SL 112.91 which is above H4 resistance, TP1 112.44 TP2 112.26
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  • #69,637
  • Oct 12, 2017 2:08am Oct 12, 2017 2:08am
Quoting MoneyFocus
{quote} Hey there. Just curious, do you think there is still a chance USDJPY rallies to 114? Thanks.
Mate,
I don't really know... PA will tell us ... As long as the SL is not taken out yes there is chance. IF stoped things turn ugly for the bulls...

  • #69,638
  • Oct 12, 2017 2:35am Oct 12, 2017 2:35am
Quoting 4xjunkie
{quote} Yes, brokers do provide liquidity, and make it possible of all of us to have access to the markets just a few clicks away. But there becomes conflict of interest by them taking the other side of our trades. I not trying to start a rant on anything especially on the brokers. we have to use them, but by them taking the other side of the trade puts the retail trader in the opposing camp. At the end of a given period of time all institutional trader have to produce a positive PNL, if not they cut there losses and move on. so with that pressure...
I'm afraid that I do not understand all of what is posted but I agree on the fact that there is a conflict of interest. But it is not just the SLs they would be trading.
A trade should be based on an assumption based on facts
  • #69,639
  • Oct 12, 2017 8:14am Oct 12, 2017 8:14am
swimming in a pool of 31 centimeter wide LOL
  • #69,640
  • Oct 12, 2017 8:18am Oct 12, 2017 8:18am
be prepared with this...

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