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USD/JPY Discussion

  • #77,661
  • Aug 10, 2018 11:18am Aug 10, 2018 11:18am
Quoting PowerTrade
{quote} Short term, I'm waiting for that.
Quoting FKhan
{quote} Lets gooooo
- I hope.
  • #77,662
  • Aug 10, 2018 3:59pm Aug 10, 2018 3:59pm
CFTC - Today
3 arrows reds
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  • #77,663
  • Aug 10, 2018 5:44pm Aug 10, 2018 5:44pm
Quoting PowerTrade
Look, it has worked outrageously great!!! And now it has some kind of resistance that was previously the support in the uptrend channel. Brutal!!! {image}
My channel is working so good!!! :-)
A good strategy for trading is... the opposite of having a bad strategy.
  • #77,664
  • Aug 10, 2018 6:41pm Aug 10, 2018 6:41pm
Quoting Coimbra
CFTC - Today 3 arrows reds {image}

Hey can you upload the excel file?
Learn, a forex trader must, unlearn and relearn he will.
  • #77,665
  • Aug 10, 2018 6:58pm Aug 10, 2018 6:58pm
Quoting COGSx86
{quote} Hey can you upload the excel file?


Yes with pleasure.

I'll send it to your email.
The file is too large, and here in the group, it was not possible.
  • #77,666
  • Aug 11, 2018 5:29am Aug 11, 2018 5:29am
Overall trend is up, but its still 8 day sell trending. It's good for selling opportunities while its to risky selling for next week.
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  • #77,667
  • Edited 11:45pm Aug 11, 2018 11:34pm | Edited 11:45pm
I keep 3 UJ charts available to assess. 1 is very busy full of SR TL on 5min chart, another has larger timeframe lines, then last is essentially naked that I use to look at the daily candles. I decided to simplify my outlook using TL based on H4, and this is that area I'm most interested in seeing breakout from (blue triangle). I'd like to sell from the yellow zone, and beware a new upward channel blue lines. Mostly I scalp, but I would SO LOVE to hold a trade for at least a few hours if at all possible
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  • #77,668
  • Aug 11, 2018 11:53pm Aug 11, 2018 11:53pm
Quoting Ziko9o8
{image}
I love your nice tight SL. Minimise risk, minimise risk, minimise risk, secret to success.
  • #77,669
  • Aug 12, 2018 2:40pm Aug 12, 2018 2:40pm
Large GAP down. we see, hmmm
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Learn, a forex trader must, unlearn and relearn he will.
  • #77,670
  • Aug 12, 2018 3:54pm Aug 12, 2018 3:54pm
Update:

Seems they changed their website, within minutes hahaha :https://uat.xe.com/currencyconverter...rom=USD&To=JPY
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Learn, a forex trader must, unlearn and relearn he will.
  • #77,671
  • Aug 12, 2018 4:09pm Aug 12, 2018 4:09pm
Quoting COGSx86
Update: Seems they changed their website, within minutes hahaha :https://uat.xe.com/currencyconverter...rom=USD&To=JPY {image}
Still, theres a big gap down. I wont trade for at least another 2 hours when the spread and early volatility has settled, but it's still tempting to think theres possibly a bull run to close that gap first thing. The currency matrix hasnt been making sense to me the last few trading days. Eur gapped down v Us, Us down v yen, aus gapped down v Us, I'm not going to turn my computer on yet I'll wait til 9AEST but it seems some weird stuff going on
  • #77,672
  • Aug 12, 2018 4:29pm Aug 12, 2018 4:29pm
Quoting hellsbells
{quote} Still, theres a big gap down. I wont trade for at least another 2 hours when the spread and early volatility has settled, but it's still tempting to think theres possibly a bull run to close that gap first thing. The currency matrix hasnt been making sense to me the last few trading days. Eur gapped down v Us, Us down v yen, aus gapped down v Us, I'm not going to turn my computer on yet I'll wait til 9AEST but it seems some weird stuff going on

Haha good idea, Im watching spreads right and its jumping around with my broker (FXTM), 16, then 33, then 60, then back to .016. Lots of action, brokers normal spread is 8 for UJ.
Learn, a forex trader must, unlearn and relearn he will.
  • #77,673
  • Aug 12, 2018 4:34pm Aug 12, 2018 4:34pm
Keep watching
  • #77,674
  • Aug 12, 2018 4:45pm Aug 12, 2018 4:45pm
short usdjpy @ 110.55
long usdcad @ 1.315

You came here for the truth and let me unveil it for you
  • #77,675
  • Aug 12, 2018 5:03pm Aug 12, 2018 5:03pm
Quoting hellsbells
{quote} The currency matrix hasnt been making sense to me the last few trading days. Eur gapped down v Us, Us down v yen, aus gapped down v Us, I'm not going to turn my computer on yet I'll wait til 9AEST but it seems some weird stuff going on
The Yen's been a safe haven for a very long time now

The driver is the Turkey news and lastweek's JP PPI and Preliminary GDP#

You ought to trade fundamentally and not all this excessive technical

The last time this happened in March when trump announced the tariffs and Yen buying helped put in a top
  • #77,676
  • Aug 12, 2018 5:25pm Aug 12, 2018 5:25pm
A retest of the 110.45-50 area could be a good place to go long.
  • #77,677
  • Aug 12, 2018 8:41pm Aug 12, 2018 8:41pm
Quoting FKhan
{quote} So far so good. Going to wait for a deeper fall before i exit, perhaps 110.2 or so. A break below 110 level would be just pretty
All my levels came, and now the greed setting in.
I believe we r falling more.
  • #77,678
  • Edited 9:47pm Aug 12, 2018 9:01pm | Edited 9:47pm
Quoting Fml
{quote} The Yen's been a safe haven for a very long time now The driver is the Turkey news and lastweek's JP PPI and Preliminary GDP# You ought to trade fundamentally and not all this excessive technical The last time this happened in March when trump announced the tariffs and Yen buying helped put in a top
If I knew how to add Turkey to my chart I'd trade fundamental more. Theoretically technical analysis gives a translation on a chart of what fundamental is directing in the greater world. Technical analysis gives me an idea of when to enter and exit. That's all I can work with. Not sure when to TP now though. Maybe soon
NB closed at 110.184
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  • #77,679
  • Aug 12, 2018 11:29pm Aug 12, 2018 11:29pm
Technicals, the way it's done here is exactly that. For people that don't know how to trade the fundamentals. I don't see fundamentals traded correctly on these forums either.

You just said that the technicals give you an idea of entry and exit. If you do have a short trade on you don't know when to take this profit. You never had a plan to go by.

There's enough forum experts here

said enough, apologies

Good luck
  • #77,680
  • Edited Aug 13, 2018 12:10am Aug 12, 2018 11:52pm | Edited Aug 13, 2018 12:10am
Quoting Fml
Technicals, the way it's done here is exactly that. For people that don't know how to trade the fundamentals. I don't see fundamentals traded correctly on these forums either. You just said that the technicals give you an idea of entry and exit. If you do have a short trade on you don't know when to take this profit. You never had a plan to go by. There's enough forum experts here said enough, apologies Good luck
I don't know what you're apologising for, I'm not offended if you're talking to me. I Took profit at 110.184, great trade I'm happy with it. People say whatever they like on these forums, take it or leave it, agree or disagree, no use getting upset.

People post fundamental info here too. I read that, I find economics fascinating, but it's not what I use to trigger a trade.
I closed my trade at 110.184 because it was a good profit, and because it was around noon AEST when I find the market enters what I call the doldrums for a couple of hours. I use a 5min chart and make decisions based on how the market reacts. The aim of the game is to make money, however way works for the individual

Good luck to you. Are you in a trade if so what is it and what triggered your entry and what will trigger your exit.
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