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USD/JPY Discussion

  • #73,701
  • Feb 26, 2018 9:20am Feb 26, 2018 9:20am
Quoting nealpek
The way you are viewing the markets can be valid, but supply and demand mean nothing to me. Some analysts like "Seiden" use certain terms like drop base drop, as their own descriptors of structure. As every turn can be attributed to supply and demand, it can also be attributed to market movers trapping traders and causing pain to further accumulate and push markets in certain directions! The terms used to describe an area are irrelevant, what matters more is how to use it to your advantage! The model of profit for the markets is to move price against...
I appreciate it Nealpek. I know you said you don't really look at Supply and Demand. I am interested in how you trade, not because what I do does not work, but because I think the more you know, the better, you know lots of things I have never seen before and it seems to work very well for you.

I appreciate all the wisdom you share, and I think many others here do as well!
  • #73,702
  • Feb 26, 2018 9:29am Feb 26, 2018 9:29am
Good, so the bait won't count for position traders. Even for swing traders who apply top-down analysis.

KP

Quoting nealpek
{quote} short term trading 15, 30 ,60, even 240, doesn't really matter. The structures won't be identical but similar in certain areas. As long as price has bounced off a level a couple of times, their is a pile of trade just above or below that area. above was a 30m, but I see it on the 15, and 60 as well! They all agree! The long term trader or investor won't care much about this "blip" in history but will rely on the larger time frame edges to exploit. It's all relative to your overall timeframe references!!
Do your homework, follow the footprints of smart money
  • #73,703
  • Feb 26, 2018 12:21pm Feb 26, 2018 12:21pm
USD/JPY recovered from the daily low at 106.37 and now nailed the 107.00 handle. According to the indicators on the four hour time frame the short term outlook is bullish with first target 107.30.
  • #73,704
  • Feb 26, 2018 12:23pm Feb 26, 2018 12:23pm
Wondering if it will take out the stops, and trigger the BO buyers above 107.12 before heading south again.
  • #73,705
  • Feb 26, 2018 1:08pm Feb 26, 2018 1:08pm
Quoting Pip-Miner
{quote} my position is now BE at 147.10 . I will just re-enter higher if it stops out, otherwise let it run . No risk and I can do other tasks, opportunity cost.
I ended taking 60 pips , back again where we started. Will repeat the process if pa agrees.
  • #73,706
  • Feb 26, 2018 1:21pm Feb 26, 2018 1:21pm
For all the candlestick names that he knows I might expect that GeorgeTurner might know more about how the Japanese masters traded. I am certain they did NOT use moving averages. But, I'm going to assume that he is content with his tools and what they produce for him. I wish him well in his trading.
  • #73,707
  • Feb 26, 2018 1:46pm Feb 26, 2018 1:46pm
Are you offering an alternative or reading material that you have found enlightening?
  • #73,708
  • Feb 26, 2018 2:01pm Feb 26, 2018 2:01pm
You deleted your previous post.
  • #73,709
  • Feb 26, 2018 2:05pm Feb 26, 2018 2:05pm
And you did it again.
  • #73,710
  • Feb 26, 2018 2:14pm Feb 26, 2018 2:14pm
Quoting nealpek
Gotta be fast on the ball, like the markets,lol
Can you provide a logical reason why you delete your posts ? Why post at all
  • #73,711
  • Feb 26, 2018 2:21pm Feb 26, 2018 2:21pm
Or a bullshit artist. If you're going to criticize a traders view you should offer an alternative method. I wasn't looking for you to answer me. I wanted you to offer GeorgeTurner a legit alternative, instead of being just critical of his methods. Hell, you don't even want to leave a trail of any of your comments. If you're not proud of them you shouldn't be making them and then erasing them.
  • #73,712
  • Feb 26, 2018 2:36pm Feb 26, 2018 2:36pm
Quoting nealpek
My reasons won't be logical to you. My posts are my thoughts, rants, and raves at the time, and needless to say I go counter to the "grain" of most. People have a way of hating info and the deliverer of said info if it doesn't agree with their methodology or belief system. So I post my "piece" to traders at that moment, then delete them before the real hatred sets in!,lol As I've left controversial posts up in the past, I just get bombarded on these threads for saying such "horrible" things like indicators "suck". Told you it was not logical,lol...
That's cool I like characters like yourself . I short again anyway I don't get scared lol
  • #73,713
  • Feb 26, 2018 2:40pm Feb 26, 2018 2:40pm
Actually part of it is logical. I find most of the systems of FF just about close to worthless. As a clean chart trader I find most of the indicator pretty worthless. But, if I'm going to criticize someone I have the responsibility to debate the merits of his system and be willing to offer an alternative. To just criticize is wrong and the fact that you don't like to be criticized is proof of that. If you don't like being criticized, then what do you call what your doing to others.
  • #73,714
  • Feb 26, 2018 3:01pm Feb 26, 2018 3:01pm
If you're a master of the method why not start your own thread, set the rules. Those that want to do the work will learn and the rest won't.
  • #73,715
  • Feb 26, 2018 3:01pm Feb 26, 2018 3:01pm
You did it again, ashamed of your post.
  • #73,716
  • Feb 26, 2018 3:03pm Feb 26, 2018 3:03pm
By the way Pip-Miner, lol, I'm also the guy who puts his money on the "Don't Pass" line in craps, a highly unpopular bet with the crowd. Odds are against me on the come out, but once a point is established, the odds are in my favor 100% of the time! Same goes for my trading....always looking to go against the "grain".
  • #73,717
  • Feb 26, 2018 3:08pm Feb 26, 2018 3:08pm
Quoting nealpek
By the way Pip-Miner, lol, I'm also the guy who puts his money on the "Don't Pass" line in craps, a highly unpopular bet with the crowd. Odds are against me on the come out, but once a point is established, the odds are in my favor 100% of the time! Same goes for my trading....always looking to go against the "grain".
Me too. Wrong bettor is the way. In the casinos and in the markets.
  • #73,718
  • Feb 26, 2018 3:08pm Feb 26, 2018 3:08pm
No, I just find it dishonest.
  • #73,719
  • Feb 26, 2018 3:15pm Feb 26, 2018 3:15pm
No
  • #73,720
  • Feb 26, 2018 3:19pm Feb 26, 2018 3:19pm
+5 before close , been entertaining . Watch the open , hopefully president returns with his views.
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