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USD/JPY Discussion

  • #70,501
  • Oct 22, 2017 9:19pm Oct 22, 2017 9:19pm
Quoting OHLC
{quote} On the majors for me, there's just nothing really left worth enough to nibble on. The gap screwed things.
gaps are just part of the game. i use them for targets all of the time . one of the most accurate target i use, just have to figure out which one it wants. now is not the time to get complacent. focus on your strategy. you will get a setup.
  • #70,502
  • Oct 22, 2017 9:23pm Oct 22, 2017 9:23pm
Quoting 4xjunkie
{quote} gaps are just part of the game. i use them for targets all of the time . one of the most accurate target i use, just have to figure out which one it wants. now is not the time to get complacent. focus on your strategy. you will get a setup.
It'd be nice if we could close the gap. I'd love to be able to open a long back around 113.4-5
  • #70,503
  • Oct 22, 2017 9:28pm Oct 22, 2017 9:28pm
Quoting Mwfinad1211
{quote} It'd be nice if we could close the gap. I'd love to be able to open a long back around 113.4-5
I dont remember if we fill the gap or not. my gut says no. but there is one last 80 handle we have to address before the impulse Hesse the last chart post. thats already stooped out. only 10 pipis, im still up in my forecasts. its either 113.8 or 112.8 one will harden and the running if the bulls will begin. this leg is getting quite extended it might be 113.8
  • #70,504
  • Oct 22, 2017 9:29pm Oct 22, 2017 9:29pm
Not sure how low we go, but it is tempting to buy the dips..hmmmm
  • #70,505
  • Oct 22, 2017 9:30pm Oct 22, 2017 9:30pm
Quoting Mwfinad1211
{quote} It'd be nice if we could close the gap. I'd love to be able to open a long back around 113.4-5
It seems to be closing on EURUSD. I would think it's going to close the gap on USDJPY too. It seems clear for a short to at least 113.568. Shaking it for more loose change might be to 113.437. But I'm staying out, it's just not worth the risk. Maybe with a 0.01 for funsies...
Here's Tom with the weather.
  • #70,506
  • Oct 22, 2017 9:39pm Oct 22, 2017 9:39pm
I think ive got it this time fibs were backwards and forgot about the inside candle. tp 115.4x
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  • #70,507
  • Oct 22, 2017 9:45pm Oct 22, 2017 9:45pm
Quoting 4xjunkie
I think ive got it this time fibs were backwards and forgot about the inside candle. tp 115.4x{image}
Once we have a daily close over 114, we should see large trend followers begin to pile in. I expect your target of 115.4 will be easily reached once this occurs.
  • #70,508
  • Oct 22, 2017 9:48pm Oct 22, 2017 9:48pm
Quoting 4xjunkie
I think ive got it this time fibs were backwards and forgot about the inside candle. tp 115.4x{image}
On my end, for a long it'd have to get close to 113.148 area by tomorrow. That's a ways down... I might be out of USDJPY for a couple of days. Edit: Ha, I spaced out. I take that back, I wouldn't be going long anyway on that red.
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Here's Tom with the weather.
  • #70,509
  • Oct 22, 2017 10:08pm Oct 22, 2017 10:08pm
Quoting OHLC
{quote} On my end, for a long it'd have to get close to 113.148 area by tomorrow. That's a ways down... I might be out of USDJPY for a couple of days. Edit: Ha, I spaced out. I take that back, I wouldn't be going long anyway on that red. {image}
I mentioned it last week, she went out for a 2 week bender , she woke up at 111.6 smacked her head on 112.5 I believe you watched that dead in her tracks. flew up to 114.1 and once the she realizes the xxx.8 dose not cigarettes and coffee and there at 115.4 the horns will fly.
  • #70,510
  • Oct 22, 2017 10:09pm Oct 22, 2017 10:09pm
Quoting Nicholishen
So I was really bored watching the yen tonight and my plan was to scale short above 114 and target S2.. So I thought it might make it interesting by scaling in and range scalping one penny (micro-lot) at a time and play micro-lot market-maker. I was nearly clicking my mouse almost non-stop for over an hour driving my wife nuts, lol. These are the results. Holy Profit factor! {image}
thats a fun game, but yes lots of clicking
  • #70,511
  • Oct 22, 2017 10:11pm Oct 22, 2017 10:11pm
Quoting Nicholishen
So I was really bored watching the yen tonight and my plan was to scale short above 114 and target S2.. So I thought it might make it interesting by scaling in and range scalping one penny (micro-lot) at a time and play micro-lot market-maker. I was nearly clicking my mouse almost non-stop for over an hour driving my wife nuts, lol. These are the results. Holy Profit factor! {image}
Did I see 2000 trades in an hour?
  • #70,512
  • Oct 22, 2017 10:12pm Oct 22, 2017 10:12pm
Meh. Looks like we found another temporary bottom and buy area. Going to bed. Will see where this baby is at tomorrow @ US open. Green pips to all
  • #70,513
  • Oct 22, 2017 10:14pm Oct 22, 2017 10:14pm
Quoting MoneyFocus
{quote} Did I see 2000 trades in an hour?
Yes No it was actually about two hours, a large portion of it was scaled in by 2 lots a click, but scaled out by 0.01 per click then when it hit my target I closed at all by 1 standard per click... but I was selling non-stop on every significant rise and buying non-stop on every fall.

Edit: No, I was wrong it was a little over two-hours. ...time flies...
  • #70,514
  • Oct 22, 2017 10:18pm Oct 22, 2017 10:18pm
Usd/Jpy please come down to 113.5x...I wanna long...lol
  • #70,515
  • Oct 22, 2017 10:44pm Oct 22, 2017 10:44pm
Quoting Nicholishen
{quote} Yes No it was actually about two hours, a large portion of it was scaled in by 2 lots a click, but scaled out by 0.01 per click then when it hit my target I closed at all by 1 standard per click... but I was selling non-stop on every significant rise and buying non-stop on every fall. Edit: No, I was wrong it was a little over two-hours. ...time flies...
Nonetheless impressive. Great job!
  • #70,516
  • Oct 22, 2017 10:45pm Oct 22, 2017 10:45pm
Inserted Video

Good video for Fibonacci trading, im not much of a pattern trader, but the fundamentals are sound.
  • #70,517
  • Oct 22, 2017 10:54pm Oct 22, 2017 10:54pm
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Im felling a little confidence here. retested 1.618 did not punch through. as im typing
could be andother 5 bounce situation
  • #70,518
  • Oct 22, 2017 11:06pm Oct 22, 2017 11:06pm
Quoting 4xjunkie
https://www.youtube.com/watch?v=uY0MKUKkkKg Good video for Fibonacci trading, im not much of a pattern trader, but the fundamentals are sound.
Just so you know, this guy has it totally wrong. The extension tool is ABC not ABA
  • #70,519
  • Oct 22, 2017 11:08pm Oct 22, 2017 11:08pm
Quoting Nicholishen
{quote} Just so you know, this guy has it totally wrong. The extension tool is ABC not ABA
Youre kidding right bro ? Trading the 1 Min Chart.
Biggest Mistake ? Over Leverage
  • #70,520
  • Oct 22, 2017 11:15pm Oct 22, 2017 11:15pm
Quoting Nicholishen
{quote} Just so you know, this guy has it totally wrong. The extension tool is ABC not ABA
im not really a pattern trader. it seems to me that if you get a 141.4 extnsion then another impuls in the seame direction is likley, if it goes to 161.8 the typically you get a reversal. I was home schooled,
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