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USD/JPY Discussion

  • #72,721
  • Jan 17, 2018 9:46pm Jan 17, 2018 9:46pm
I don't understand well all about those market rumors as you all do. I just follow the market rhythm with proper risk management.
  • #72,722
  • Jan 17, 2018 9:53pm Jan 17, 2018 9:53pm
Quoting NagaMas
I don't understand well all about those market rumors as you all do. I just follow the market rhythm with proper risk management.
I was refering to the government shutdown, eu had been rallying and the rumor is the shutdown, if it happens then the sell it, Im not into any of the news trading at all. that is for the gamblers imo. i just draw what i see, Its good to see you around again.
do you thing it will print 111.85 here? Im just picking fibs
  • #72,723
  • Jan 17, 2018 9:59pm Jan 17, 2018 9:59pm
Quoting 4xjunkie
{quote} Its a suckers trap. imo. how dose that go buy the rumor sell the fact,

1270 point rally is a suckers trap? interesting! Pleas explain
Learn, a forex trader must, unlearn and relearn he will.
  • #72,724
  • Jan 17, 2018 9:59pm Jan 17, 2018 9:59pm
Quoting 4xjunkie
{quote} I was refering to the government shutdown, eu had been rallying and the rumor is the shutdown, if it happens then the sell it, Im not into any of the news trading at all. that is for the gamblers imo. i just draw what i see, Its good to see you around again. do you thing it will print 111.85 here? Im just picking fibs
Very well.

Now, what about 112.150?

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  • #72,725
  • Jan 17, 2018 10:01pm Jan 17, 2018 10:01pm
Quoting NagaMas
I don't understand well all about those market rumors as you all do. I just follow the market rhythm with proper risk management.
Its not a rumor,there will be a vote for short term funding.

https://www.nbcnews.com/politics/pol...utdown-n838276
Your friendly neighbourhood Sith
  • #72,726
  • Jan 17, 2018 10:03pm Jan 17, 2018 10:03pm
Quoting 4xjunkie
{quote} I was refering to the government shutdown, eu had been rallying and the rumor is the shutdown, if it happens then the sell it, Im not into any of the news trading at all. that is for the gamblers imo. i just draw what i see, Its good to see you around again. do you thing it will print 111.85 here? Im just picking fibs
Trading on economic and macroeconomic fundamentals is not gambling my friend.Speculation based on 4 hour charts is.

Each one to his own though.
Your friendly neighbourhood Sith
  • #72,727
  • Jan 17, 2018 10:10pm Jan 17, 2018 10:10pm
Quoting COGSx86
{quote} 1270 point rally is a suckers trap? interesting! Pleas explain
It was 16xx point rally from nov 8, 2016 till dec 2016...now its just 1270...hmmn
Your friendly neighbourhood Sith
  • #72,728
  • Jan 17, 2018 10:22pm Jan 17, 2018 10:22pm
Quoting COGSx86
{quote} 1270 point rally is a suckers trap? interesting! Pleas explain
the blue line is a minor fib on the monthly chart measured from 0.00 to 1.00 Its 50% between 0 and 38.2 or the opposite midpoint of 61.8 and 100. a very common area for eu to make a turnaround. I believe that 1.1910 needs to be printed one more time.
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  • #72,729
  • Jan 17, 2018 10:27pm Jan 17, 2018 10:27pm
Quoting darthPip
{quote} Trading on economic and macroeconomic fundamentals is not gambling my friend.Speculation based on 4 hour charts is. Each one to his own though.
Thats just how i see it, im home schooled, self taught, power tools and electricity make sense to me not much of the news calendar makes any sense i just pay attention to interest rate changes and that about it. simple.
  • #72,730
  • Jan 17, 2018 10:29pm Jan 17, 2018 10:29pm
Quoting NagaMas
{quote} Very well. Now, what about 112.150? {image}
I think we need to revisit 110.50 before we get up there.
  • #72,731
  • Jan 17, 2018 11:33pm Jan 17, 2018 11:33pm
they cleaned off a lot of stops there, lets see if it can trun back up. 111.50 ?
  • #72,732
  • Jan 18, 2018 2:20am Jan 18, 2018 2:20am
I setup the sequense of long to the 113 then short to the 112. Then will look for further deals.
Forcemeat can not be unrolled back...
  • #72,733
  • Jan 18, 2018 4:03am Jan 18, 2018 4:03am
Quoting darthPip
{quote} It was 16xx point rally from nov 8, 2016 till dec 2016...now its just 1270...hmmn

The dark side is strong with this one!

To answer price move with price move, the Traders way this is not.
Learn, a forex trader must, unlearn and relearn he will.
  • #72,734
  • Jan 18, 2018 5:16am Jan 18, 2018 5:16am
Quoting darthPip
{quote} Its not a rumor,there will be a vote for short term funding.
It's happened many times before, it will happen many times again in the future.
  • #72,735
  • Jan 18, 2018 7:47am Jan 18, 2018 7:47am
NOW=111.22
I will long @ 111.32 ON STOP SL @ 111.11

  • #72,736
  • Jan 18, 2018 8:16am Jan 18, 2018 8:16am
Let's see how low it can go..


I entered another long entry near to red trendline

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  • #72,737
  • Jan 18, 2018 8:22am Jan 18, 2018 8:22am
Have you checked what is happening on the HTFs, e.g. H4 and D1? You may be trading a retracement or deallng with a consolidation phase.

KP

Quoting NagaMas
Let's see how low it can go.. I entered another long entry near to red trendline {image}
Do your homework, follow the footprints of smart money
  • #72,738
  • Jan 18, 2018 8:42am Jan 18, 2018 8:42am
Quoting KeenPips
Have you checked what is happening on the HTFs, e.g. H4 and D1? You may be trading a retracement or deallng with a consolidation phase. KP {quote}
in my opinion, the trend in HTF (D1) is down. I try to trade the rally up to 112.00

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  • #72,739
  • Jan 18, 2018 9:50am Jan 18, 2018 9:50am
CRITICAL LEVEL 110.80-110.60, IF HOLD MARKET WILL MAKE A SIGNIFICANT REBOUND.BELOW 110.60 WILL OPEN WINDOW TO CHALLENGE 110.00 LEVEL

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  • #72,740
  • Jan 18, 2018 1:39pm Jan 18, 2018 1:39pm
Quoting F.g
NOW=111.22 I will long @ 111.32 ON STOP SL @ 111.11
Plan is now irrelevant , cancelled .

I entered on the lows of the day , SL now at 110.76
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