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USD/JPY Discussion

  • #79,281
  • Dec 2, 2018 6:04pm Dec 2, 2018 6:04pm
.

Sell - 113.70

SL - 114.00

.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #79,282
  • Dec 2, 2018 6:11pm Dec 2, 2018 6:11pm
Hoping morning bull trap, happy hour change over at TL, watching close
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  • #79,283
  • Dec 2, 2018 6:21pm Dec 2, 2018 6:21pm
Quoting palpite
. Sell - 113.70 SL - 114.00 .

TP ???
  • #79,284
  • Dec 2, 2018 6:27pm Dec 2, 2018 6:27pm
Quoting hellsbells
{quote} TP ???
SL should be set in the first place...and always have a flexible TP to allow to generate profit

Having a fixed TP is not the right thing to do IMO
COT: The precious data ignored
  • #79,285
  • Edited 7:12pm Dec 2, 2018 6:34pm | Edited 7:12pm
Quoting kuroro001
{quote} SL should be set in the first place...and always have a flexible TP to allow to generate profit Having a fixed TP is not the right thing to do IMO

I adjust SL and TP, I tighten SL as trade goes in my favour, and I adjust TP depending on ongoing PA. I have 5 trades and will decrease my exposure if I'm not happy with PA. I was simply curious what Palpite had in mind for TP, whether Palpite is scalping or has larger TP in mind. Personally I'd like to tighten SL and try let these run, but we shall see. I'd like price to stay below 113.700


Nb have TP 1 trade 113.663

NB TP 2nd trade 113.580, moved SL to $20 risk on each of remaining 3 trades , so have locked in a profit for the day.

Next TP at 113.375 which is below TL but it might fake break down and pop up, hoping to catch it regardless, that one trade would give me a daily profit target, and with a full large bear hour candle, possibly not an unreasonable next target

I then still have 2 trades in play.

I am working on trying to leave trades, but I'm a scalper at heart and I'm not happy unless the trades I leave on the table are risking less than the profit I've scalped.
  • #79,286
  • Dec 2, 2018 6:49pm Dec 2, 2018 6:49pm
Quoting hellsbells
{quote} TP ???
I want to leave the trade running for more time.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #79,287
  • Dec 2, 2018 6:54pm Dec 2, 2018 6:54pm
Quoting hellsbells
{quote} TP ???
113.70 is the fibo 61.8 %. I think is a good time for to try 1 swing trade.

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Together we can be strongest
Vantage Return This Month: -97.0%
  • #79,288
  • Dec 2, 2018 8:33pm Dec 2, 2018 8:33pm
Quoting palpite
. Sell - 113.70 SL - 114.00 .
.

SL moved - 113.69

.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #79,289
  • Dec 2, 2018 10:31pm Dec 2, 2018 10:31pm
I am still in my short since last week at 113.50 my target was 110 but I changed my mind I will just keep it near 112.30 and that's it . I don't really have mood to wait for this turtle to move. its really slow and not clear
  • #79,290
  • Dec 2, 2018 10:48pm Dec 2, 2018 10:48pm
Quoting msniper
I am still in my short since last week at 113.50 my target was 110 but I changed my mind I will just keep it near 112.30 and that's it . I don't really have mood to wait for this turtle to move. its really slow and not clear
I was and am still holding short as well, but from what I hear this pair follows U.S. bond yields which gapped up a lot today - so in a way I am grateful price is moving slow at the moment, instead of taking a huge loss. Maybe things will change at the start of the U.S. session or maybe later in the week.
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If you're gonna be a bear, be a grizzly
  • #79,291
  • Dec 2, 2018 10:48pm Dec 2, 2018 10:48pm
TP 3/5 at 113.487
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  • #79,292
  • Dec 3, 2018 8:51am Dec 3, 2018 8:51am
Quoting warrensapp
{quote} I was and am still holding short as well, but from what I hear this pair follows U.S. bond yields which gapped up a lot today - so in a way I am grateful price is moving slow at the moment, instead of taking a huge loss. Maybe things will change at the start of the U.S. session or maybe later in the week. {image}

Losing momentum, yields are. Oil up, Dow UP, retreat USD should, hmmm. The trend, USDJPY is about to pierce.
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Learn, a forex trader must, unlearn and relearn he will.
  • #79,293
  • Dec 3, 2018 1:38pm Dec 3, 2018 1:38pm
Hopefully it just rejected 113.7
  • #79,294
  • Dec 3, 2018 6:13pm Dec 3, 2018 6:13pm
if it goes back above 113.635 I think I'll close my 2 last shorts
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  • #79,295
  • Dec 3, 2018 6:23pm Dec 3, 2018 6:23pm
Quoting hellsbells
if it goes back above 113.635 I think I'll close my 2 last shorts {image}
Similar idea, for me, if price closes above the arrowed line!
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Learn, a forex trader must, unlearn and relearn he will.
  • #79,296
  • Dec 3, 2018 6:32pm Dec 3, 2018 6:32pm
Added 2 more shorts, watching closely, hoping it was going to be 15min shooting star but it's currently still trapped.
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  • #79,297
  • Edited 7:55pm Dec 3, 2018 7:10pm | Edited 7:55pm
Wrangled a neutral exposure, 2 trades SL $50 profit each, 2 trades SL $50 loss each . Hoping this can finally break the TL

A break below 113.355 would be even more encouraging, but I may be asking too much


NB just TP 1/2 todays trades at 113.325, had to pay myself. 3 trades in play
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  • #79,298
  • Dec 3, 2018 7:52pm Dec 3, 2018 7:52pm
Nice 15 min TL break on UJ watched it happen didnt take it , oh well
  • #79,299
  • Dec 3, 2018 7:58pm Dec 3, 2018 7:58pm
yes very nice
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  • #79,300
  • Edited 8:15pm Dec 3, 2018 8:02pm | Edited 8:15pm
Quoting cjsun791
Nice 15 min TL break on UJ watched it happen didnt take it , oh well

I think there will be more opportunity, the bears might be just getting started
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