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USD/JPY Discussion

  • #70,261
  • Oct 18, 2017 9:27pm Oct 18, 2017 9:27pm
Quoting OHLC
{quote} I'm holding mine and going to let it play out. At this point, I think I'm on the wrong side but that's my own fault for trying to trade any JPY pair.
Nothing could harm your acc as long as the risk management is well applied. Nobody in a wrong position until it clearly hit your TP or SL.
  • #70,262
  • Oct 18, 2017 9:31pm Oct 18, 2017 9:31pm
Quoting NagaMas
{quote} Agree with your view mate. Gather some useful view from other buddy trader but the final decision is yours My Trading system might be quite complicated for others due to I monitor W1 down to M1 time frame. I indebted very much for these 2 indicators that form a quite good combination, (1) BBand for volatility & trending state (2) Weekly Pivot Levels for range movement monitoring.
ill keep that in mind, most indicator setups dont work for me, run the bands to get back to basics sometimes. started playing with the alligator some success i see things differeinty then i came across the guppy the longer i look at it the more it makes sense thinking about putting the bands on top of the guppy
  • #70,263
  • Oct 18, 2017 9:34pm Oct 18, 2017 9:34pm
Quoting Nicholishen
It looks like 113 breakout traders might have just got fucked.
there just suckering in the bid chasers. head and shoulders pattern.
  • #70,264
  • Oct 18, 2017 9:35pm Oct 18, 2017 9:35pm
long at 112.98
  • #70,265
  • Oct 18, 2017 9:37pm Oct 18, 2017 9:37pm
Quoting 4xjunkie
{quote} Short?
Yes. I'm in a short trade on both GBPJPY and EURJPY here, with this target. Ambitious? Yes. Unlikely? Who knows with JPY pairs. Do I care? ...I need to learn a lesson about not trading JPY minor pairs.
Here's Tom with the weather.
  • #70,266
  • Oct 18, 2017 9:37pm Oct 18, 2017 9:37pm
Quoting 4xjunkie
{quote} there just suckering in the bid chasers. head and shoulders pattern.
watch for the neckline and take action
  • #70,267
  • Oct 18, 2017 9:38pm Oct 18, 2017 9:38pm
you better have a tight stop on that .
  • #70,268
  • Oct 18, 2017 9:40pm Oct 18, 2017 9:40pm
Quoting 4xjunkie
you better have a tight stop on that .
The usual... I use a wide stop but risk appropriately.
Here's Tom with the weather.
  • #70,269
  • Oct 18, 2017 9:42pm Oct 18, 2017 9:42pm
Quoting OHLC
{quote} Yes. I'm in a short trade on both GBPJPY and EURJPY here, with this target. Ambitious? Yes. Unlikely? Who knows with JPY pairs. Do I care? ...I need to learn a lesson about not trading JPY minor pairs.
cover your stops to b.e. i agree a pullback not the run yet. latley when all 3 move the same direction they all move well. I think cadjpy is doing the same as well.
  • #70,270
  • Oct 18, 2017 9:42pm Oct 18, 2017 9:42pm
Quoting Nicholishen
It looks like 113 breakout traders might have just got fucked.
113 long or short?
Here's Tom with the weather.
  • #70,271
  • Oct 18, 2017 9:51pm Oct 18, 2017 9:51pm
Quoting OHLC
{quote} 113 long or short?
Long. They're getting dragged the wrong way.
  • #70,272
  • Oct 18, 2017 10:26pm Oct 18, 2017 10:26pm
range of hell ...

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  • #70,273
  • Oct 18, 2017 10:41pm Oct 18, 2017 10:41pm
Quoting NagaMas
range of hell ... {image}
we should name this trend Texas hold em. buy the gap up and hold em. i did originally, but got nervous, then my memory kicked in.
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  • #70,274
  • Oct 18, 2017 10:51pm Oct 18, 2017 10:51pm
I have a predection there is going to be bear scat all over the thread by the time the U.S. opens.
  • #70,275
  • Oct 18, 2017 11:00pm Oct 18, 2017 11:00pm
Quoting 4xjunkie
I have a predection there is going to be bear scat all over the thread by the time the U.S. opens.
I'd rather react based on pullback after price leave the range
  • #70,276
  • Oct 18, 2017 11:09pm Oct 18, 2017 11:09pm
Quoting NagaMas
{quote} I'd rather react based on pullback after price leave the range
I believe the oldtimers call it okopoko style, wait for a retest after a breakout, then swing trade it. i like those myself normally i dont spot them well. it more of a get out of jail card for me when im lucky.
  • #70,277
  • Oct 18, 2017 11:24pm Oct 18, 2017 11:24pm
Quoting Nicholishen
It looks like 113 breakout traders might have just got fucked.
Mmmmmm...I hope so..holding my 112.95 shorts.
  • #70,278
  • Oct 18, 2017 11:28pm Oct 18, 2017 11:28pm
I see a few supports on the way down, but I'll gonna lean on 112.35/37 if I get a chance...nothing note worthy resistance wise, other than 114.11....

my 112.87 R flipped to S thus far today...
Look Sharp/Trade Tight
  • #70,279
  • Oct 18, 2017 11:46pm Oct 18, 2017 11:46pm
Quoting OHLC
{quote} The usual... I use a wide stop but risk appropriately.
Our best bet is a sudden wave of yen strength.
  • #70,280
  • Oct 19, 2017 12:37am Oct 19, 2017 12:37am
Quoting NagaMas
long at 112.98
safe for the moment, I don't know later on London session

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