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USD/JPY Discussion 12 replies

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USD/JPY Discussion

  • #70,101
  • Oct 17, 2017 6:28pm Oct 17, 2017 6:28pm
Quoting maverick2017
{quote} How do you know this? Lol
Thats how i blew up my first account.
  • #70,102
  • Oct 17, 2017 6:30pm Oct 17, 2017 6:30pm
Look at this puppy fly.......double yawn! Go green-----sssnnnooorrreee
  • #70,103
  • Oct 17, 2017 6:31pm Oct 17, 2017 6:31pm
Quoting nealpek
Look at this puppy fly.......double yawn! Go green-----sssnnnooorrreee
we might get a leg up this session
  • #70,104
  • Oct 17, 2017 6:32pm Oct 17, 2017 6:32pm
hope so...
  • #70,105
  • Oct 17, 2017 6:33pm Oct 17, 2017 6:33pm
Attached Image (click to enlarge)
Click to Enlarge Name: 5.JPG Size: 48 KB
starting to see a little interest from the buyers this may be another 5 bounce situation, i posted it yesterday i think. just follow you stratages,
  • #70,106
  • Oct 17, 2017 6:46pm Oct 17, 2017 6:46pm
Quoting 4xjunkie
{quote} find something like to do you will never work another day in your life, my 9-5 job, im a port engineer for a small fishing company, im the mad scientest/greese monkey/electrican/plumber/fabricator/refrigreration tec. all in one, if its broke i can fix it,all i need is time and money. this is a nice change of pace for me. always clean never smell like dead fish, and im not the guy everyone comes to when its borken or there just to lazy to do the work, here your efforts are shown in you pnl,
Nice to read ur background.

Shared lotsa struggles myself.Agree all ur smarts and efforts are shown in form of pnl in this game.
Your friendly neighbourhood Sith
  • #70,107
  • Oct 17, 2017 7:01pm Oct 17, 2017 7:01pm
Quoting darthPip
{quote} Nice to read ur background. Shared lotsa struggles myself.Agree all ur smarts and efforts are shown in form of pnl in this game.
the biggest lesson the markets have taught me, accept being wrong, then you can learn to cut your losses early. i see no shame in being wrong, as long as you learn form it,
  • #70,108
  • Oct 17, 2017 7:04pm Oct 17, 2017 7:04pm
Quoting nealpek
I'm still long,Yaaaaaaaaaaaaaawwwwwwwwwwwwwwnnnnnnnnnnnnnnnn!!!
yea...me too....yawnnnnnn
  • #70,109
  • Oct 17, 2017 7:09pm Oct 17, 2017 7:09pm
Quoting MoneyFocus
{quote} yea...me too....yawnnnnnn
Almost finished half a pint of jameson tonite....hope uj goes somewhere while I go to bed early tonite Good night friends!!
Your friendly neighbourhood Sith
  • #70,110
  • Oct 17, 2017 8:51pm Oct 17, 2017 8:51pm
Quoting MoneyFocus
{quote} Mmmmmmmm. Thanks junkie. Wanna hazard a guess how low NzdUsd goes?
Attached Image (click to enlarge)
Click to Enlarge Name: 5.JPG Size: 190 KB


that one is not verry clear, i dont trade the pair, tryed to keep it clean, im not a pattern expert either. i think it needs to retest the big 78.6 fig or the highs to finish the pattern if its a tradable pattern,then i could see it breaking the larger up trend and having enough momo to head south.
  • #70,111
  • Oct 17, 2017 9:09pm Oct 17, 2017 9:09pm
Quoting SunTrader
{quote} Believe me forget about equilibrium. Think of this way. You are bidding with one other party for the Mona Lisa. Of course it will never be for sale at any price. But you and the other person are bidding one after another fast and furious until it gets into the 100's of millions. 100, 200, 300, 400 etc etc. Bidding starts to slow and reach - cue Dr Evil - One Billion Dollars and what you would call equilibrium. Then all of a sudden you bid Two Billion Dollars and win the Mona Lisa when other bidder concedes. Would you still say the previous...
So, before the billion dollar bid the market was in equilibrium i.e buyers were sidelined? And once a new market participant appears the price moves in the direction of new market participant. How do you know which side the market will move before the billion dollar bet appeared ?
So, if a market order size is too big then it takes time to re adjust the market to new bids' requirement.
I think I'm confused. Equilibrium is only a temporary pause in the market when a new market participant enters.
it will take a few days to incorporate this line of thought and understand It completely.
A trade should be based on an assumption based on facts
  • #70,112
  • Oct 17, 2017 9:13pm Oct 17, 2017 9:13pm
Quoting SunTrader
{quote} Another way to look at it is often when price drops its not because there was suddenly a lot of selling but a lack of additional buying. Once the drop starts a lot more selling comes in then. And vice versa a lack of additional selling near bottoms, not necessarily a lot of new buyers causes price to rise which will then cause more buying to happen next.
So, price drops but it has retrace to previous low so it can reach a price where buyers find the price low enough to buy?
A trade should be based on an assumption based on facts
  • #70,113
  • Oct 17, 2017 9:15pm Oct 17, 2017 9:15pm
Quoting 4xjunkie
{quote} Thats how i blew up my first account.
Sounds bad to lose an account because of being manipulated by someone else's view.
A trade should be based on an assumption based on facts
  • #70,114
  • Oct 17, 2017 9:46pm Oct 17, 2017 9:46pm
Quoting maverick2017
{quote} Sounds bad to lose an account because of being manipulated by someone else's view.
If someone is easily manipulated by simply reading a post on a public forum, said person should not visit public forums. There are a lot of contradictory views and opinions here. My advice is, learn how to take responsibility for your actions. If you lost your account, it was no one's fault but yours. It was simply a consequence of deciding to trade live without first learning how to trade on demo.
Here's Tom with the weather.
  • #70,115
  • Oct 17, 2017 9:52pm Oct 17, 2017 9:52pm
Quoting OHLC
{quote} If someone is easily manipulated by simply reading a post on a public forum, said person should not visit public forums. There are a lot of contradictory views and opinions here. My advice is, learn how to take responsibility for your actions. If you lost your account, it was no one's fault but yours. It was simply a consequence of deciding to trade live without first learning how to trade on demo.
"learn how to take responsibility for your actions"
But someone needs to remind about this. It could be that said person is here to learn but somehow deviates. In that case a reminder should do the job.
A trade should be based on an assumption based on facts
  • #70,116
  • Oct 17, 2017 10:06pm Oct 17, 2017 10:06pm
Quoting PayTheLimit
think I'll try fading into 112.63/112.87 and/or 111.56 again today.... {image}
same still...
Look Sharp/Trade Tight
  • #70,117
  • Oct 17, 2017 10:07pm Oct 17, 2017 10:07pm
Quoting maverick2017
{quote} Sounds bad to lose an account because of being manipulated by someone else's view.
I was a green horn, to the markets, in a really tough financial situation, was trying to be babe Ruth, and pull off the grand slam, any way i could, 5 kids at the time,3 years into my first house, started my owne general contracting company, i remeber it like was yesterday, jan 28 2008 11am, mild artic conditions in Washington state at the time, i was framing a house latter slipped on the iced over sub floor, i fell 16 feet. please note im 6'2 310 lb man, yeah i got a spare tire, you better be a stallion if you going to take me on. you might be fast but i will destroy you with the clock, i am a part time commercial fisherman at 42, i can take just about any trip i want. anyway when i fell i was self employed struggling to get her off the ground, not insured, they literally made me get to the truck on my own power with 2 broken feet blown up knee and a bused pelvis. it literally had to drag myself like i was paralyzed, i went to the hospital and they took an xray of my knee and said its not broken here is a pair of crutches,and sent me home, what good are crutches with 2 broken feet and a bruised pelvis. i couldn't walk for 3 months, l learned to walk again thanks to the Walmart shopping carts, once my feet healed. had to have 2 knee surgery's, it took me 2.5 years before anyone would hire me. i was still a liability. then just before the crash in 2008 i heart the word forex, what the hell is a forex i asked myself. little did i know it is more addicting the the meth i did when i was 18, that i been clean for 20 years this year. fantastic accomplishment. after i busted my account i sat there in my wallows and watched this same tend play out. i wanted to throw up. all i had to do was wait a little longer and i would have been headed in the right way. but outside pressures made me feel like i had to preform, needless to say i lost everything, including the oldest step child. really dont want to talk about that. this trend is forever burned into my mind. I managed to keep the family together after a brief separation, due to the relocation to a new state, we have not gone a day without food or shelter, it may have not always been our food or sheler but non the less. times are better now. will they ever be the same who knows really dont care, just happy its all behind me. when life kicks you ass. all you can do is fight back one step at a time.
  • #70,118
  • Oct 17, 2017 10:14pm Oct 17, 2017 10:14pm
Quoting 4xjunkie
{quote} {image} that one is not verry clear, i dont trade the pair, tryed to keep it clean, im not a pattern expert either. i think it needs to retest the big 78.6 fig or the highs to finish the pattern if its a tradable pattern,then i could see it breaking the larger up trend and having enough momo to head south.
Thanks junkie. I hope I don't jinx it, but for the first time, I see some NZD weakness.
  • #70,119
  • Oct 17, 2017 10:15pm Oct 17, 2017 10:15pm
Let's see if we can have a proper rally now.
  • #70,120
  • Oct 17, 2017 10:18pm Oct 17, 2017 10:18pm
Nice to hear that forex is keeping you over the water. What is sad to hear is no one will employ you because of knee surgery.
Forex is addicting. It will take me sometime to "make money being correct rather than just being correct".
It is amazing how a bad incident can change one's opinion about life.
A trade should be based on an assumption based on facts
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