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USD/JPY Discussion

  • #79,341
  • Edited 2:37am Dec 6, 2018 2:17am | Edited 2:37am
Absolute bounce Warrensapp. H4 Hammer, like I saw and chose to defy. I don't regret keeping my 2 trades going, maybe to TP a 2nd wouldv'e been cautious and a good idea, especially with such a strong TL. I had TP 1 trade today for $176, and got stopped out -$5 and -$8 for the other 2 after being up essentially high $500s, but that's forex. I'm not going to re enter and sell again even though it might now go down. How annoying though. Murphys law.

I wanted to say earlier that London open can be a killer and doesn't like to be left behind, but I placed a SL I was happy with and walked away ( just below where it peaked naturally). Another reminder that trading times have a MASSIVE influence on PA. As a scalper I would close trades or really tighten SL prior to London open, but now I'm trying to hold trades longer I didn't think about it as much. Perhaps a higher SL would have been beneficial with such a big TL being hit but 500 point swing down then back up is a brutal punishment. Grrr

Are things going to get very hectic at the pointy end of this daily flag? Yes probably

Finished the day and week in a profit, met my weekly profit target. I won't trade tom as I'm busy and I find Fridays are bad trading days for me as I find it can be range bound at the end of the week and drains my account a death of over trading cuts. Good luck for those trading tonight. I will pour myself another drink. Thanks Yoda I've opened a Paybackfx account. Cheers
  • #79,342
  • Dec 6, 2018 7:08am Dec 6, 2018 7:08am
I had to give out all my shorts at the failure to break the 105.5 handle. Buying commences with take profits at 114.200. That can do for December gains
Keep the Lights on then you can catch the rise from the dark.
  • #79,343
  • Dec 6, 2018 7:46am Dec 6, 2018 7:46am
Quoting COGSx86
Hidden
How it work? You earn for each trade opened ?
Together we can be strongest
Vantage Return This Month: -97.0%
  • #79,344
  • Dec 6, 2018 8:25am Dec 6, 2018 8:25am
bought at 112. 40.
I assume a bottom is near.
Massive push expected.
  • #79,345
  • Dec 6, 2018 8:46am Dec 6, 2018 8:46am
Before and After


Attached Image
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Learn, a forex trader must, unlearn and relearn he will.
  • #79,346
  • Dec 6, 2018 9:57am Dec 6, 2018 9:57am
Quoting palpite
{quote} How it work? You earn for each trade opened ?
I'm just quoting from the website


Quote
When you open your Forex trading account (or connect an existing one) through us, your broker pays us a rebate for every trade.
We then pay you back the majority of this rebate which you can withdraw at any time.
Keep in mind that your trading conditions (including spreads) remain exactly the same as if you had opened the account directly with the broker, so in effect, you're reducing trading costs and improving profitability....


Check to see if you're broker is listed ww.paybackfx.com/brokers
Learn, a forex trader must, unlearn and relearn he will.
  • #79,347
  • Dec 6, 2018 10:17am Dec 6, 2018 10:17am
Quoting COGSx86
{quote} I'm just quoting from the website
Ah ok.

{quote} Check to see if you're broker is listed ww.paybackfx.com/brokers[/quote]

Yes. I asked because it is interesting, so i'll read more about this. Thank you.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #79,348
  • Dec 6, 2018 11:38am Dec 6, 2018 11:38am
sold 112.56 target 111.95
Forex Learner
  • #79,349
  • Dec 6, 2018 11:51am Dec 6, 2018 11:51am
Quoting COGSx86
Before and After {image} {image} {image}
Hey Cogs -

Do you know if there is any correlation between the U.S. Stock Market and Bond Yields? Do yields have a tendency to go up when the market crashes?
If you're gonna be a bear, be a grizzly
  • #79,350
  • Dec 6, 2018 12:01pm Dec 6, 2018 12:01pm
usdjpy h1

Weak bounce so far....still shorting rallies

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COT: The precious data ignored
  • #79,351
  • Dec 6, 2018 3:06pm Dec 6, 2018 3:06pm
Quoting warrensapp
{quote} Hey Cogs - Do you know if there is any correlation between the U.S. Stock Market and Bond Yields? Do yields have a tendency to go up when the market crashes?

What I found, was once the 2yr and 10yr spread of bonds starts to increase in spread after dropping and moving in parallel for some time does a recession start. Check post below.

https://www.forexfactory.com/showthr...4#post11167194
Learn, a forex trader must, unlearn and relearn he will.
  • #79,352
  • Dec 6, 2018 3:39pm Dec 6, 2018 3:39pm
Quoting COGSx86
{quote} What I found, was once the 2yr and 10yr spread of bonds starts to increase in spread after dropping and moving in parallel for some time does a recession start. Check post below. https://www.forexfactory.com/showthr...4#post11167194
Ok - I will read some more into the spread between yields.

My initial question came from a hypothesis I was thinking of earlier today, when I noticed stocks were falling, but the 30y was rising - so I thought that maybe it was natural to assume that if stocks are falling, then investors would turn t the bond market.

As you taught me before, rising bond yields = rising USD/JPY...
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Attached Image
If you're gonna be a bear, be a grizzly
  • #79,353
  • Dec 6, 2018 5:19pm Dec 6, 2018 5:19pm
Quoting palpite
{quote} How it work? You earn for each trade opened ?

Yes you earn for each trade like for every 1 lot traded they give you 1$ And it can be claimed if you trade up to 200-400 lots monthly they will give you 200$- 400 $ monthly rebate but beware this is just another mechanics that benefits broker they just want u to trade more lots so you risk more and they earn more. I think this rebate program for me is worthless as i dont trade more than 1 lot per day at most in a month i can have no more than 20$ as rebate. just another forex trick that encourages people to trade more and risk more with high leverage. Although it can be beneficial to scalper who really knows what he is doing.
  • #79,354
  • Dec 6, 2018 5:33pm Dec 6, 2018 5:33pm
Quoting hieuec
Short term sell USDJPY at 113.2x Sl 113.85 Tp 112.35 {image}
Done target! Tp 90 pips!
  • #79,355
  • Dec 6, 2018 5:46pm Dec 6, 2018 5:46pm
Quoting hieuec
{quote} Done target! Tp 90 pips!
Short term sell USDJPY continue at 112.7x
Sl 113.28
Tp 111.7x
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  • #79,356
  • Dec 6, 2018 6:03pm Dec 6, 2018 6:03pm
Quoting warrensapp
{quote} stocks were falling, but the 30y was rising
Could be far to say, money is just being moved out of the US market, from buying GOLD to buying Yen and Euros.
Learn, a forex trader must, unlearn and relearn he will.
  • #79,357
  • Dec 6, 2018 6:38pm Dec 6, 2018 6:38pm
Quoting MrAashir
{quote} Yes you earn for each trade like for every 1 lot traded they give you 1$ And it can be claimed if you trade up to 200-400 lots monthly they will give you 200$- 400 $ monthly rebate but beware this is just another mechanics that benefits broker they just want u to trade more lots so you risk more and they earn more. I think this rebate program for me is worthless as i dont trade more than 1 lot per day at most in a month i can have no more than 20$ as rebate. just another forex trick that encourages people to trade more and risk more with...
Yes, looking this way, not is good for us. Thank you.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #79,358
  • Dec 6, 2018 7:58pm Dec 6, 2018 7:58pm
Quoting palpite
{quote} Yes, looking this way, not is good for us. Thank you.

Look Im not representing these guys or anything but you would be surprised how much you can make from rebates. Just go back and look at all the commission you have paid to date. You would get back between 21-33% of ALL commissions and at not cost to you. Its a simple win, either way you look at it.
Learn, a forex trader must, unlearn and relearn he will.
  • #79,359
  • Dec 6, 2018 8:53pm Dec 6, 2018 8:53pm
Quoting COGSx86
{quote} Look Im not representing these guys or anything but you would be surprised how much you can make from rebates. Just go back and look at all the commission you have paid to date. You would get back between 21-33% of ALL commissions and at not cost to you. Its a simple win, either way you look at it.
I'm looking forward to it. Compared to my equity curve of my account I'm thinking it's going to be my most reliable income lol
  • #79,360
  • Dec 6, 2018 9:16pm Dec 6, 2018 9:16pm
Quoting COGSx86
{quote} Look Im not representing these guys or anything but you would be surprised how much you can make from rebates. Just go back and look at all the commission you have paid to date. You would get back between 21-33% of ALL commissions and at not cost to you. Its a simple win, either way you look at it.

But with pepperstone, ic markets or anyother broker i think we need to complete their monthly quota of 200 lots traded or something like that to claim rebates i am not saying its bad i am just saying it can be dangerous.
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