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USD/JPY Discussion

  • #71,001
  • Oct 31, 2017 9:50am Oct 31, 2017 9:50am
Quoting F.g
3:50 = 113.16 I supect that the recent LOW at 113.96 is a significant one ....... Also , $BPound is at a top @132.23 [ max. possible is 1.32 27-30 which might NOT be reached....]
BP went further up than I anticipated... It s about to hit my generous SL ... If it moves higher it changes a whole lot of my perceptions.
If however it stalls here and reverses I will sell at 1.32 00 ON STOP - BIG ...
  • #71,002
  • Oct 31, 2017 9:53am Oct 31, 2017 9:53am
Quoting PayTheLimit
a scenario I like.... {image}
As of now it seems that just after 1 candle, downtrend is in pullback, unless it closes above 113.834 which will make the downtrend questionable but wouldn't affect me anyway so if it continues (without getting into details) with the real body as it is now, I'll be looking for a pullback area to buy the rally after today's close (the 2nd push up on your screenshot).

That is against the trend but I'm still going to take it. Just have to be a ninja and see if it gives me an entry area with enough meat worth taking.
Here's Tom with the weather.
  • #71,003
  • Oct 31, 2017 11:02am Oct 31, 2017 11:02am
Quoting OHLC
{quote} As of now it seems that just after 1 candle, downtrend is in pullback, unless it closes above 113.834 which will make the downtrend questionable but wouldn't affect me anyway so if it continues (without getting into details) with the real body as it is now, I'll be looking for a pullback area to buy the rally after today's close (the 2nd push up on your screenshot). That is against the trend but I'm still going to take it. Just have to be a ninja and see if it gives me an entry area with enough meat worth taking.
its month end also, they could goose it...I had the trade of the week and got cute...shit happens...I'm sidelined now, maybe look to sell some GJ at 151.58, I'll see...
Look Sharp/Trade Tight
  • #71,004
  • Oct 31, 2017 11:23am Oct 31, 2017 11:23am
Quoting PayTheLimit
{quote} its month end also, they could goose it...I had the trade of the week and got cute...shit happens...I'm sidelined now, maybe look to sell some GJ at 151.58, I'll see...
What does goose mean? lol Completely understand if not but, I'd like to see the trade that got cute. If not, it's cool. There are some other non JPY pairs tradable today if I'm looking for a nice aerobic cool down to month's end.
Here's Tom with the weather.
  • #71,005
  • Oct 31, 2017 11:33am Oct 31, 2017 11:33am
lol....ATR is 113.74ish now also, got to run, catch you later...gl
Look Sharp/Trade Tight
  • #71,006
  • Oct 31, 2017 12:03pm Oct 31, 2017 12:03pm
Quoting mag00
{quote} $Y (h1) it could go (@112,85) in 5th wave (TP 115.00) {image}
$Y (h1)

inside the 5th one (TP 114.75)(about)
... waiting for the 2nd wave @ 114,75 (it will be within abc)


P.S.
(indi parameters:13(1)13(25)1.146)
Attached Image (click to enlarge)
Click to Enlarge Name: $Y (h1).png Size: 70 KB
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #71,007
  • Oct 31, 2017 1:24pm Oct 31, 2017 1:24pm
I would guess that there should be on option strike 113.95 expiring today.
  • #71,008
  • Oct 31, 2017 1:49pm Oct 31, 2017 1:49pm
Quoting 4xjunkie
I would guess that there should be on option strike 113.95 expiring today.
Hi junkie, could you explain the impact of this? Thanks. Always great to learn from you.
  • #71,009
  • Oct 31, 2017 2:11pm Oct 31, 2017 2:11pm
Quoting MoneyFocus
{quote} Hi junkie, could you explain the impact of this? Thanks. Always great to learn from you.
I have noticed over time that when price stalls normally it's waiting for on option to expire. It will print the price of the option.just before expiring then continue as planned I don't know much about option but they play a role in price action, just another leading not lagging form of indication.
  • #71,010
  • Oct 31, 2017 2:36pm Oct 31, 2017 2:36pm
Quoting 4xjunkie
{quote} I have noticed over time that when price stalls normally it's waiting for on option to expire. It will print the price of the option.just before expiring then continue as planned I don't know much about option but they play a role in price action, just another leading not lagging form of indication.
So UJ will print 113.95? Interesting...but we're out of time soon.
  • #71,011
  • Edited 5:36pm Oct 31, 2017 5:17pm | Edited 5:36pm
Attached Image (click to enlarge)
Click to Enlarge Name: 36.JPG Size: 136 KB
it shoud go like this,
good info on gartley patterns if you dont know anything about them.
http://forextraininggroup.com/tradin...est-practices/
  • #71,012
  • Oct 31, 2017 5:43pm Oct 31, 2017 5:43pm
3rd time bull failed to breach 114.4 resistance on D1.

In the last 2 failed attempts, PA drops hundreds of pips. Will this be repeated?
  • #71,013
  • Oct 31, 2017 6:41pm Oct 31, 2017 6:41pm
Quoting James0205
{quote} @nagamas & @ 4xjunkie, thanks for the tips. Now I gotta do more reading on how these indicators will help me know better how movements will be. Btw, how do we determine price range for stoploss? My stoplosses have been very bad. Any other platforms that we can possibly interact so that I can ask further if I have questions? (If both of you don't mind). I gotta wait for mods to approve my reply, posts probably coz I'm still new.. thanks in advance
in my opnion stops are a measure of how uncertian you are about the trade. but a good rule of thubm is beyond -127% fib.
  • #71,014
  • Oct 31, 2017 7:34pm Oct 31, 2017 7:34pm
Attached Image (click to enlarge)
Click to Enlarge Name: 37.JPG Size: 122 KB
good time to look for a short, in the red aera should get well over 100 pips
  • #71,015
  • Oct 31, 2017 7:45pm Oct 31, 2017 7:45pm
Quoting 4xjunkie
{quote} in my opnion stops are a measure of how uncertian you are about the trade. but a good rule of thubm is beyond -127% fib.
Okay, thanks. Btw I see a lot of ppl trade based on price action, like Nagamas for one. Do you mind to explain a lil where to look for price action? Is it the moving average?
Live to fight another day
  • #71,016
  • Oct 31, 2017 7:50pm Oct 31, 2017 7:50pm
Quoting 4xjunkie
{image} good time to look for a short, in the red aera should get well over 100 pips
I've put TP (between 113.850 to 114.050) for my 6 longs. Will place new sell orders ard 113.950 to 114.100.

Theres ADP NFP data tonight for USD
Live to fight another day
  • #71,017
  • Oct 31, 2017 8:13pm Oct 31, 2017 8:13pm
Quoting James0205
{quote} Okay, thanks. Btw I see a lot of ppl trade based on price action, like Nagamas for one. Do you mind to explain a lil where to look for price action? Is it the moving average?
for now watch your screen more a little later
  • #71,018
  • Edited 9:19pm Oct 31, 2017 9:04pm | Edited 9:19pm
Quoting James0205
{quote} I've put TP (between 113.850 to 114.050) for my 6 longs. Will place new sell orders ard 113.950 to 114.100. Theres ADP NFP data tonight for USD
price should fail 114 not pint it. im at 113.98,for a flop,close the long take a short ive got a feeling that they are going to fake a sell run then the impulse up
  • #71,019
  • Oct 31, 2017 11:39pm Oct 31, 2017 11:39pm
james for price action, a decent video on youtube is live forex trading from trade empowered, host jason greystone. I was hoping it would fire off the impulse and you would see, it will just when. not to much longer the paint has to be dry by now
  • #71,020
  • Nov 1, 2017 12:08am Nov 1, 2017 12:08am
Quoting 4xjunkie
{quote} price should fail 114 not pint it. im at 113.98,for a flop,close the long take a short ive got a feeling that they are going to fake a sell run then the impulse up
My longs are still open, TP ard 113.92-98. New short orders covering 113.9xx waiting for the flop, or has the ship set sail?
Live to fight another day
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