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USD/JPY Discussion

  • #73,421
  • Feb 19, 2018 8:22am Feb 19, 2018 8:22am
Quoting eugenyk
{quote} i meant US market is closed today
Lol I actually didn't know

This explains a lot!
To Pipccess and Beyond
  • #73,422
  • Feb 19, 2018 9:16am Feb 19, 2018 9:16am
Quoting forexin101
{quote} Wait it out till 10 EST, that is when things will pick up...hopefully {image}
Im curious where this chart has come from?
Learn, a forex trader must, unlearn and relearn he will.
  • #73,423
  • Feb 19, 2018 9:40am Feb 19, 2018 9:40am
Quoting MoneyFocus
As usual.. {image}
meh.I know u can post better pictures.
Your friendly neighbourhood Sith
  • #73,424
  • Feb 19, 2018 9:42am Feb 19, 2018 9:42am
Quoting COGSx86
{quote} Im curious where this chart has come from?
Its off Autochartist, it shows the ATR for the past 20 years
To Pipccess and Beyond
  • #73,425
  • Feb 19, 2018 9:52am Feb 19, 2018 9:52am
Quoting MrPresident
{quote} nah, i think there is more upside to 108 or even 110
108 is quite possible as a retracement target. The pair has quite a way to go South yet, but this doesn't mean it can't whipsaw a couple hundred pips for the next month
  • #73,426
  • Feb 19, 2018 10:11am Feb 19, 2018 10:11am
Quoting darthPip
{quote} meh.I know u can post better pictures.
you know that my thread has what you want.
  • #73,427
  • Feb 19, 2018 10:45am Feb 19, 2018 10:45am
Quoting nealpek
Took profit, didn't like the PA, looking for next entry...
Yep, I think this gray area of the last big of demand needs to be consumed before a move lower. Stay tuned to see if that happens on a bank holiday or not.
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  • #73,428
  • Feb 19, 2018 10:56am Feb 19, 2018 10:56am
Quoting nealpek
Took profit, didn't like the PA, looking for next entry...
hehe, you are not confident in your own methods
Don't Worry Be Happy
  • #73,429
  • Feb 19, 2018 12:36pm Feb 19, 2018 12:36pm
Quoting nealpek
So Prez, getting a little nervous with those 100 pip stops? Did you revise your target to 115 yet? Telling the newbs to shoot for 110 is rediculous given the state of the markets! Maybe you should keep a check on your highly probable targets!!
115? No, I don't know where you got that from.

100/150 pip stops are ideal for trend trading. Your 10 pip stops are a joke though because you get stopped out too often and can't even stick to your scalping strategy lol.
The point is to enter a trade with a wide stop and then move it once you get into profit.
Don't Worry Be Happy
  • #73,430
  • Feb 19, 2018 12:59pm Feb 19, 2018 12:59pm
Quoting nealpek
This is important! Can you pause Pornhub for 2 seconds to set me straight please?
being straight or not is your decision, i can't influence that, sorry

but my end of year target is 100 and 108.5 in the near term
Don't Worry Be Happy
  • #73,431
  • Feb 19, 2018 1:05pm Feb 19, 2018 1:05pm
USD/JPY remains bearsih although the pair bounced from Friday’s low. The price is yet below its moving averages and indicators are hovering around their mid-lines with no clear direction. First resistance is seen at 106.85 while immediate support comes with 106.10.
  • #73,432
  • Feb 19, 2018 1:27pm Feb 19, 2018 1:27pm
Quoting nealpek
Prez, pause the video again! Are you long now, the market not your pickle?!!
You are really taking the piss mr neal. Do u get worked up on everyone's analysis or you have a liking to Mr P only..☺
  • #73,433
  • Feb 19, 2018 2:25pm Feb 19, 2018 2:25pm
Quoting nealpek
"You are really taking the piss mr neal. Do u get worked up on everyone's analysis or you have a liking to Mr P only..☺" No, just the analysis from half wits with 1000 pip ranges who give awful advice to new and struggling traders......
hehe, your own analysis is flawed and anyone who follows your 10/15 pip stop loss strategy is not profitable over the longer term. Does it make sense to use a tight stop when a market is volatile? Does it make sense to use a wider stop? Sure, because you can protect yourself from random volatility. You are trading on lower time frame charts that don't show the clear picture and you probably blew up your account too many times.

Do banks and hedge funds scalp on lower time frame charts? Never. Why are they profitable? Because they trade the trend and I think that every retail trader should to avoid blowing up their account. Forex brokers want retail traders to execute many trades with tight stops on lower time frame charts.

I can open a Forex broker, attract many traders and then take their money because they will always gamble. Why not teach people the right way to trade so that they can always be profitable? I don't even understand why there is a thread on this forum that deals with "Planetary Cycles Trading". It is stupid in my opinion and only Forex brokers benefit because the average retail trader will always lose money.
Don't Worry Be Happy
  • #73,434
  • Feb 19, 2018 3:10pm Feb 19, 2018 3:10pm
Quoting nealpek
You truly are a half wit! You have no idea how I trade, and I don't tell people to go long for a target 500 pips higher and at the same time tell them to sell for a target 600 pips lower! Exiting a position early in profit is called risk management! I remember your committment in going long U/J as price was falling through the 108's, and you told me your 100 pip loss strategy. If you are a smart trend trader, why are you buying instead of adding to your positions on the way down? You couldn't determine by all those big red candles that the trend...
haha, where was I long and negative in profit when the trend was bearish on U/J? now you are just making things up because I am right....so funny

i am long from big support levels that make me profit!

by the way, look at my trade recommendation earlier since I am short from the 112.8 area while you are scalping lol
Don't Worry Be Happy
  • #73,435
  • Feb 19, 2018 3:18pm Feb 19, 2018 3:18pm
Quoting nealpek
Painful isn't it? Something seems to be upsetting you! Maybe throwing darts at the ocean isn't the way to trade. You'll learn one day, or maybe you won't.....
here, let me remind you of what i wrote earlier

https://www.forexfactory.com/showthr...9#post10765359

600+ pips profit while you get stopped out lol
Don't Worry Be Happy
  • #73,436
  • Feb 19, 2018 6:35pm Feb 19, 2018 6:35pm
Does anyone here trade the Asian open?
To Pipccess and Beyond
  • #73,437
  • Feb 19, 2018 7:27pm Feb 19, 2018 7:27pm
only in the fact it corresponds with NY close
I will get my head around this, but always can be wrong
  • #73,438
  • Feb 19, 2018 8:53pm Feb 19, 2018 8:53pm
who's with me?
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  • #73,439
  • Feb 19, 2018 9:16pm Feb 19, 2018 9:16pm
Quoting markofrose
who's with me? {image}
Thats how im feeling but ill be honest im a total noob. Literally just learned RSI and using fib to get the same as you. Going long for a whole 2 contracts.... on the minis
  • #73,440
  • Feb 20, 2018 2:13am Feb 20, 2018 2:13am
I am expecting a 107.50 - 108.00 today
To Pipccess and Beyond
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