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USD/JPY Discussion

  • #71,521
  • Nov 16, 2017 9:32pm Nov 16, 2017 9:32pm
Quoting MoneyFocus
{quote} I'm Asian and not offended.
Adam and Eve grounded on Asia continent, so we are all asian... LOL
  • #71,522
  • Nov 16, 2017 9:33pm Nov 16, 2017 9:33pm
Quoting NagaMas
{quote} Adam and Eve grounded on Asia continent, so we are all asian... LOL
thats one way to look at it.
  • #71,523
  • Nov 16, 2017 9:38pm Nov 16, 2017 9:38pm
Quoting MoneyFocus
{quote} I'm Asian and not offended.
Am I correct in saying that many Asians think 3 & 7 are special numbers?

Long before I became interested in trading I was interested in professional gambling. One or more of the gambling books talked about how Asians are superstitious and are all about their lucky numbers.

I'm glad I didn't offend you
  • #71,524
  • Nov 16, 2017 9:45pm Nov 16, 2017 9:45pm
Quoting Tyrion24
{quote} Am I correct in saying that many Asians think 3 & 7 are special numbers? Long before I became interested in trading I was interested in professional gambling. One or more of the gambling books talked about how Asians are superstitious and are all about their lucky numbers. I'm glad I didn't offend you
actually no.

4 and 8 are however.
  • #71,525
  • Nov 16, 2017 9:46pm Nov 16, 2017 9:46pm
Quoting Tyrion24
{quote} Am I correct in saying that many Asians think 3 & 7 are special numbers? Long before I became interested in trading I was interested in professional gambling. One or more of the gambling books talked about how Asians are superstitious and are all about their lucky numbers. I'm glad I didn't offend you
In general, I agree asians put attention on special numbers or the day. Asian has many culture with its respective belief. what special for japanese might be different for chinese or southeast region nations.

uhmm, don't you think W.D Gann is more superstitious than average asians? LOL
  • #71,526
  • Nov 16, 2017 9:50pm Nov 16, 2017 9:50pm
Quoting MoneyFocus
{quote} actually no. 4 and 8 are however.
you talk about 38.2 and 78.6 ?
  • #71,527
  • Nov 16, 2017 10:12pm Nov 16, 2017 10:12pm
Good day nagamas, its been a little while. good to see you around again. I promise to refrain from supplemental art work. so looking forward looks like another piercing heart setup. just drove price through that low. now bounced back up . the m formation explains the drop. no always a drop but most of the time. double bottom on lower time frames, last hour took out the previous candles high which is a good sign for the bulls. so still long but down 30 red pips. took the risk last night.to get the lower entry. which helped. would not recommend it for the normal person. risk to reward was upside down.
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  • #71,528
  • Nov 16, 2017 10:24pm Nov 16, 2017 10:24pm
This week could be the last time we see 112.50 this year.
  • #71,529
  • Nov 16, 2017 10:27pm Nov 16, 2017 10:27pm
Quoting NagaMas
{quote} In general, I agree asians put attention on special numbers or the day. Asian has many culture with its respective belief. what special for japanese might be different for chinese or southeast region nations. uhmm, don't you think W.D Gann is more superstitious than average asians? LOL
I couldn't say. I know of him but I'm only vaguely familiar with his contribution to technical analysis. Long ago I probably touched upon his style of TA but it didn't jive with me so I went a different route.
  • #71,530
  • Nov 16, 2017 10:33pm Nov 16, 2017 10:33pm
Quoting Mwfinad1211
This week could be the last time we see 112.50 this year.
my opinion its colser to the middle of the road, draw a fib from the last high @115.5 should be there all by iteslf, and the last low 107 nieghaborhood. that should be the range for a while. again my opinion.
  • #71,531
  • Nov 16, 2017 10:38pm Nov 16, 2017 10:38pm
Quoting 4xjunkie
Good day nagamas, its been a little while. good to see you around again. I promise to refrain from supplemental art work. so looking forward looks like another piercing heart setup. just drove price through that low. now bounced back up . the m formation explains the drop. no always a drop but most of the time. double bottom on lower time frames, last hour took out the previous candles high which is a good sign for the bulls. so still long but down 30 red pips. took the risk last night.to get the lower entry. which helped. would not recommend it...
Hi 4x,

I don't expect the price will go beyond 112.700. I'll quit the long I took if the price touch the mid line of channel of that my posted recent chart
  • #71,532
  • Nov 16, 2017 10:41pm Nov 16, 2017 10:41pm
Quoting 4xjunkie
{quote} my opinion its colser to the middle of the road, draw a fib from the last high @115.5 should be there all by iteslf, and the last low 107 nieghaborhood. that should be the range for a while. again my opinion.
Not saying your wrong, but based on time spent failing to break through 114.5 and the distribution pattern painted on daily, coupled with latest down swing, i'd be highly surprised if U/J even made it back to 112.75 area to test support turning to resistance. Looks like large sell orders now at 112.6.

I could be wrong...
  • #71,533
  • Nov 16, 2017 10:51pm Nov 16, 2017 10:51pm
Quoting Mwfinad1211
{quote} Not saying your wrong, but based on time spent failing to break through 114.5 and the distribution pattern painted on daily, coupled with latest down swing, i'd be highly surprised if U/J even made it back to 112.75 area to test support turning to resistance. I could be wrong...
That there my friend is the beauty of trading.everyone sees it differently. i think thats why people get chippy when there opinion is challenged. no body wants to be wrong and the winner of the dreaded red pips. normally id probably agree. but as individuals we have to trade what we see with the knowledge we have at the time. either take the risk and maybe get the green pips, or end up with the red ones and a lesson to go with it. others prefer to stay on the sidelines. im a junkie, at heart sitting in the sidelines is not for me. either im right or wrong. the market lets me know every time. lately i suck. but the table never stops turning. The sun shines on every dogs back side, he just has to wait his turn.
  • #71,534
  • Nov 16, 2017 10:59pm Nov 16, 2017 10:59pm
Quoting 4xjunkie
{quote} That there my friend is the beauty of trading.everyone sees it differently. i think thats why people get chippy when there opinion is challenged. no body wants to be wrong and the winner of the dreaded red pips. normally id probably agree. but as individuals we have to trade what we see with the knowledge we have at the time. either take the risk and maybe get the green pips, or end up with the red ones and a lesson to go with it. others prefer to stay on the sidelines. im a junkie, at heart sitting in the sidelines is not for me. either...
Yes absolutely right. Sometimes, we trade different timeframes, hence the different views. But we could all be correct.
  • #71,535
  • Nov 16, 2017 11:00pm Nov 16, 2017 11:00pm
If UJ can clear .60, I expect some strong momentum to continue.
  • #71,536
  • Nov 16, 2017 11:09pm Nov 16, 2017 11:09pm
hey james0205, how's it going. we both took that hit the other day. just wanted to check in and see how you doing?
  • #71,537
  • Nov 16, 2017 11:14pm Nov 16, 2017 11:14pm
Quoting 4xjunkie
hey james0205, how's it going. we both took that hit the other day. just wanted to check in and see how you doing?
Nice stalking
  • #71,538
  • Nov 16, 2017 11:21pm Nov 16, 2017 11:21pm
Quoting MoneyFocus
{quote} Nice stalking
im not stalking, just curious. this is a place for interaction. we were in the same trade and took one on the chin nice and squarely. just want to see if he has recovered or not. or is that stalking. i dont know.
  • #71,539
  • Nov 16, 2017 11:23pm Nov 16, 2017 11:23pm
i guess i chased everyone off, ok. good luck traders.
  • #71,540
  • Nov 17, 2017 1:01am Nov 17, 2017 1:01am
The most favorite currency is USD / JPY. In addition to the strategy, it seems as if the six senses tell me when to open an order
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