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USD/JPY Discussion

  • #78,641
  • Oct 17, 2018 10:52am Oct 17, 2018 10:52am
Quoting CannonScout
{quote} Do you have a strategy to avoid swing stop outs? Re entry or something? A
I'm trying to find the best risk management for me. Is working but not is perfect, look how much trades i closed with losses.

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Together we can be strongest
Vantage Return This Month: na
  • #78,642
  • Oct 17, 2018 12:43pm Oct 17, 2018 12:43pm
Quoting palpite
{quote} I'm trying to find the best risk management for me. Is working but not is perfect, look how much trades i closed with losses. {image}
Blimey. Yeah I hate that. Very demoralising.

I've been trying to use to Parabolic Sar, but normally end up doing a derivative of the Average True Range function.

Adjusting the inputs for how volatile I perceive the market to be.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #78,643
  • Oct 17, 2018 1:26pm Oct 17, 2018 1:26pm
USD/JPY retreated from the daily high at 112.39 and currently is hovering around around 112.25. Technical indicators on the four hour time frame had lost directional strength after the early advance today and now are offering silence instead of certain direction.
  • #78,644
  • Oct 17, 2018 6:29pm Oct 17, 2018 6:29pm
Having some faith in the weekly evening star, thinking possible hns using daily. we shall see
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  • #78,645
  • Oct 17, 2018 7:57pm Oct 17, 2018 7:57pm
Quoting COGSx86
At weekly market open, started my longs, I did. {image} {image}

Next up 113
Learn, a forex trader must, unlearn and relearn he will.
  • #78,646
  • Oct 17, 2018 11:14pm Oct 17, 2018 11:14pm
Tightened SL to BE, so can chill. I'm hoping H4 will finish this candle with 3 candle reversal in which case I will look to add to shorts. Naturally I could very well be wrong, hence happy my trades now BE. I adjusted my TL lower from earlier pic, hoping it sticks.
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  • #78,647
  • Oct 17, 2018 11:21pm Oct 17, 2018 11:21pm
Quoting COGSx86
{quote} Next up 113
Idk, 111.9 looks just as likely at the moment to me. Good size/volume sell orders @ 112.7X.

Expecting further bearish price action
  • #78,648
  • Oct 18, 2018 1:58am Oct 18, 2018 1:58am
closed 2 of 4 trades with break up. leaving 2 BE
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  • #78,649
  • Oct 18, 2018 7:48am Oct 18, 2018 7:48am
Quoting Mwfinad1211
{quote} Idk, 111.9 looks just as likely at the moment to me. Good size/volume sell orders @ 112.7X. Expecting further bearish price action
Anything is possible, however with the strong push up yesterday it gives price further potential to push higher, if we see a break of the flag even more confirmation. It would also be the 50% retracement from the Oct 4th drop, however I don't think it will stop their. But one must remember the market doesnt move in straight lines. Breaths it does. Add more long I will.
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Learn, a forex trader must, unlearn and relearn he will.
  • #78,650
  • Oct 18, 2018 10:26am Oct 18, 2018 10:26am
Looks like a retest of the low @ 111.72ish is possible today. However the block order there may provide a pause.
  • #78,651
  • Oct 18, 2018 11:07am Oct 18, 2018 11:07am
in a good mood , why Not share huh

------- Correction , TP1 @111.47
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da n0o0b + $hit_Disturber
  • #78,652
  • Oct 18, 2018 12:37pm Oct 18, 2018 12:37pm
Quoting palpite
{quote} Hi teacher, maybe is better wait the price cross above the MA 30 in the chart H4 for to confirm the tendance. Or i'm wrong? {image}

Your approaching is correct.

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Update:
The price made pullback later on MA24 and, for my trading style, profit was possible

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Money moves the market, not an indicator.
  • #78,653
  • Oct 18, 2018 2:06pm Oct 18, 2018 2:06pm
USD/JPY falls sharply and is reching new daily low close to 112.00 handle. On the four hour time frame the price is developing below the flat 200-day SMA. Idicators retreated, with the Momentum going to enter into negative territory falling straight from overbought readings and RSI is below its mid-line and showing downward extensiond. Breaking below the support at 111.65, will open doors for further decline towards 111.00.
  • #78,654
  • Edited 4:55pm Oct 18, 2018 4:43pm | Edited 4:55pm
UJ currently restricted by 23.6 fib retracement from daily chart. If it fails to get higher I'll like to short, but that daily support TL is getting closer and probably strong as steel.
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  • #78,655
  • Oct 18, 2018 7:05pm Oct 18, 2018 7:05pm
trying for H4 hammer, at any rate its got some volume with break up so I've got some longs
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  • #78,656
  • Oct 18, 2018 8:11pm Oct 18, 2018 8:11pm
Quoting hellsbells
trying for H4 hammer, at any rate its got some volume with break up so I've got some longs {image}
Hi,

What is your tp?
  • #78,657
  • Oct 18, 2018 8:15pm Oct 18, 2018 8:15pm
Quoting john0415
{quote} Hi, What is your tp?
As "luck" would have it, I just went to adjust my TP for that diagonal TL only didn't adjust it high enough and closed my trade! So now i'm out. I tp 1 at 11.283, and 2 trades at resistance 112.318, which I didn't really mean. Anyway.
  • #78,658
  • Oct 18, 2018 8:18pm Oct 18, 2018 8:18pm
What happened with JPY pairs to make that significant move towards the end of Thursday, shortly before Friday? There was no red factory.
  • #78,659
  • Oct 18, 2018 8:20pm Oct 18, 2018 8:20pm
Quoting hellsbells
{quote} As "luck" would have it, I just went to adjust my TP for that diagonal TL only didn't adjust it high enough and closed my trade! So now i'm out. I tp 1 at 11.283, and 2 trades at resistance 112.318, which I didn't really mean. Anyway.
I see.
Thanks.
  • #78,660
  • Oct 18, 2018 8:27pm Oct 18, 2018 8:27pm
Quoting spotrate
What happened with JPY pairs to make that significant move towards the end of Thursday, shortly before Friday? There was no red factory.
I think a breakout of 112.420 and bad US stock market are the culprit.
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