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USD/JPY Discussion

  • #71,281
  • Nov 7, 2017 11:19pm Nov 7, 2017 11:19pm
Quoting PayTheLimit
{quote} its been choppy, but still some decent plays, just not for me....29 pairs, wow..no way, no way I can follow 29 bro...too old, my eyes would be shot for good...
It's really not bad if just looking anywhere between 1 to 5 daily candles. After some practice, it really just takes about 5 seconds per pair.
Here's Tom with the weather.
  • #71,282
  • Nov 7, 2017 11:31pm Nov 7, 2017 11:31pm
Quoting OHLC
{quote} It's really not bad if just looking anywhere between 1 to 5 daily candles. After some practice, it really just takes about 5 seconds per pair.

right I recall now..so fine, you look at your 5 daily candles, and you figure out your direction, and pairs you want to trade..then what, how about the actual entries?
Look Sharp/Trade Tight
  • #71,283
  • Nov 7, 2017 11:32pm Nov 7, 2017 11:32pm
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  • #71,284
  • Nov 7, 2017 11:34pm Nov 7, 2017 11:34pm
Quoting 4xjunkie
{quote} i could have flopped it but. red pips are just not enough punishment for a bad decision. if you live with it and face it long enough, you will stop making the same decision. i have never got this last section correct if the last map pans out then the pain is over. the longest i have been in this position was 31 days. aus/juy
there is no shame in making a bad decision, goes with the territory...and why risk it all on one of those decisions, cause one of those times it might not come back...that's my view of it...
Look Sharp/Trade Tight
  • #71,285
  • Nov 7, 2017 11:42pm Nov 7, 2017 11:42pm
Quoting PayTheLimit
{quote} there is no shame in making a bad decision, goes with the territory...and why risk it all on one of those decisions, cause one of those times it might not come back...that's my view of it...
if you know you can why not. it also prevents me from continuing making them until things clear up. most of the time that is my strategy. i know where the big corners are from here to 115.495. and 114.495 is the start point.
  • #71,286
  • Nov 7, 2017 11:45pm Nov 7, 2017 11:45pm
where is darthpip hanging his laundry today?
  • #71,287
  • Nov 7, 2017 11:47pm Nov 7, 2017 11:47pm
Quoting 4xjunkie
{quote} if you know you can why not. it also prevents me from continuing making them until things clear up. most of the time that is my strategy. i know where the big corners are from here to 115.495. and 114.495 is the start point.

well again, for me, those types of trades give you more grey hairs...and as the years roll by, it takes a toll...
Look Sharp/Trade Tight
  • #71,288
  • Nov 7, 2017 11:50pm Nov 7, 2017 11:50pm
Quoting PayTheLimit
{quote} well again, for me, those types of trades give you more grey hairs...and as the years roll by, it takes a toll...
words of wisdom, gained from being there and doing it. much appreciated.
  • #71,289
  • Nov 8, 2017 12:52am Nov 8, 2017 12:52am
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that should be it. down to .70 from there you will only get 3 impulses to 114.5 time scale shift use your entry's and limits, it will be fast. there is only one pause mid way
  • #71,290
  • Nov 8, 2017 1:33am Nov 8, 2017 1:33am
well 114.50 sure seems like a spot the market likes to react to ....anyway, back later, good luck...
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Look Sharp/Trade Tight
  • #71,291
  • Nov 8, 2017 1:47am Nov 8, 2017 1:47am
it might take another shot at it. Ive led you to water will you drink. thats the question. good luck traders. bed time for. me.
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  • #71,292
  • Nov 8, 2017 1:48am Nov 8, 2017 1:48am
USD/JPY may go up here but not putting a trade in.
instagram: stepbystepforex
  • #71,293
  • Nov 8, 2017 2:14am Nov 8, 2017 2:14am
Quoting PayTheLimit
{quote} right I recall now..so fine, you look at your 5 daily candles, and you figure out your direction, and pairs you want to trade..then what, how about the actual entries?
That, I admit is more complicated because it's more of an art than a science. But it isn't subjective either, it is well-defined.
Here's Tom with the weather.
  • #71,294
  • Nov 8, 2017 5:06am Nov 8, 2017 5:06am
Now the price fell under 113.647. Will it continue to fall?
  • #71,295
  • Nov 8, 2017 5:35am Nov 8, 2017 5:35am
113.28... all kinds of confluence
  • #71,296
  • Nov 8, 2017 6:00am Nov 8, 2017 6:00am
Quoting NagaMas
I think it will go down further to meet lower band {image}
let's see the progress

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  • #71,297
  • Nov 8, 2017 7:22am Nov 8, 2017 7:22am
Anyone else noticing that AB=CD patterns are stopping short this week on UJ?
  • #71,298
  • Nov 8, 2017 7:24am Nov 8, 2017 7:24am
It looks weak on the short-term but it might catch up pretty quick.
  • #71,299
  • Nov 8, 2017 7:29am Nov 8, 2017 7:29am
Quoting Nicholishen
Anyone else noticing that AB=CD patterns are stopping short this week on UJ?
If AB is supposed to be equal to CD in our physical universe(not sure who decided this golden rule), but this week AB did not equal CD, maybe the concept is flawed. If it's supposed to be true in the markets but not true this week, is the concept truly valid? Just a thought....
  • #71,300
  • Nov 8, 2017 7:46am Nov 8, 2017 7:46am
USD/JPY dropped below 113.60 and I think this is the end of the range for the moment. I have shorted and my target is set at 113.00.
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