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USD/JPY Discussion

  • #79,501
  • Dec 17, 2018 2:22pm Dec 17, 2018 2:22pm
Quoting hellsbells
TP 1/3 113.343. H4 candle just completed, and we have a 3 candle reversal. My other 2 trades BE, one TP per pic, other open. {image}
your horizontal lines are all in the wrong place.

the purpose of these lines are to point out rejection areas.

switch to the line chart... find the very spikey tops and bottoms (dips), and place ur HTL at the tip of those spikes or dips.
Then switch back to candle mode.

The purpose of this is price always respects and retests the CLOSES of the bars, then you can tweak those lines by drilling down to say from H4, to 30M and locate the highs or lows of the candles where the trend line is. thats your max optimized entry or exit levels
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  • #79,502
  • Dec 17, 2018 3:02pm Dec 17, 2018 3:02pm
Quoting FXCyborg
{quote} your horizontal lines are all in the wrong place. the purpose of these lines are to point out rejection areas. switch to the line chart... find the very spikey tops and bottoms (dips), and place ur HTL at the tip of those spikes or dips. Then switch back to candle mode. The purpose of this is price always respects and retests the CLOSES of the bars, then you can tweak those lines by drilling down to say from H4, to 30M and locate the highs or lows of the candles where the trend line is. thats your max optimized entry or exit levels
Goodness me I hope you feel better after those posts. I can be accused of being bossy but wow !
I like your point about switching to the line chart for SR, I'll def look at that . However, I move my SR lines frequently based on where most recent 5min candles have touched, and I play with TL all the time across the chart, they are fluid to me. I think my point is my lines are personal, and I dont claim them to be accurate TA guidelines, simply guidlines. And for personal use only. I wouldnt say "look at my chart and do as I say because I am a TA champion ". I like looking at people's charts, they're very personal. I did have a SR application but I found it crowded my chart.
Show us your charts.
Also I TP 3/3 this morning about an hour ago. I did that because it gave me $700 for the day, and I expect some retracement today. Naturally I could be wrong, but happy to have paid myself.
  • #79,503
  • Dec 17, 2018 3:03pm Dec 17, 2018 3:03pm
Quoting FXCyborg
{quote} i would suggest u stay off live ac, and go back to the demo, double the demo with a 95% win rate, then go back to the live.
Sorry but this makes no sense at all. Everything is different between demo and real account. System have "self defence" integrated and it moves other direction immediately when you place an order which you don't see it on demo.

Except important announcements and events, big banks are just hunting for "dumb money".

Personally I believe those charts, TL's, indicators everything is just an illusion to keep us busy.
I CAN place an order and move the price to other direction at least 50 pips, or until I cancel my order. So, what about that?

There are still ways to beat this but it's damn hard. Found 2 ways so far, still analyzing.

Just my opininons
  • #79,504
  • Dec 17, 2018 3:04pm Dec 17, 2018 3:04pm
Quoting COGSx86
Predict today's move, could a trader have? Confirmation, ask for more, does he hmmm? Trend break, Retouch, Trend break Retouch Trend break Retouch Harmonic shark pattern RSI Overbought Cumulative Volume Overbought, {image} For my ally is the chart, and a powerful ally it is. The market creates it, makes it grow. Its movement surrounds us, binds us. Luminous traders are we, not this crude matter. You must feel the chart around you, here, there, between you, me, that screen, everywhere, yes. Even between you're finger and mouse.
Are you a yoga Yoda? I picture you on a mat with Tibetan chants playing...
  • #79,505
  • Dec 17, 2018 3:14pm Dec 17, 2018 3:14pm
Quoting FXCyborg
{quote} staying disciplined is easy.. the problem youre having is you dont have a plan/routine.. create one,and dont sway from it. And trading days dont matter either, there are over 30 currency pairs, while some dont move, others are moving due to overbought/sold fractal disparities i would suggest u stay off live ac, and go back to the demo, double the demo with a 95% win rate, then go back to the live.
From personal experience, one way to really annoy a trader who's confessed to having a bit of a trading slump, is to tell them to go back to demo.
Also , I find trading pairs do behave differently, and trading days of the week can also make a difference. That's my personal opinion, not one I would impose on others.
  • #79,506
  • Dec 17, 2018 3:26pm Dec 17, 2018 3:26pm
No indicators and other crap. Below chart is a part of my research, that's why 4 buy orders all scattered

2 points to take care; place orders right before session change and do it when pair is almost completed it's ADR.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 56 KB
  • #79,507
  • Dec 17, 2018 3:50pm Dec 17, 2018 3:50pm
Quoting hellsbells
{quote} Goodness me I hope you feel better after those posts. I can be accused of being bossy but wow ! I like your point about switching to the line chart for SR, I'll def look at that . However, I move my SR lines frequently based on where most recent 5min candles have touched, and I play with TL all the time across the chart, they are fluid to me. I think my point is my lines are personal, and I dont claim them to be accurate TA guidelines, simply guidlines. And for personal use only. I wouldnt say "look at my chart and do as I say because I...

Well I'm sorry I even bothered to help, if you feel you dont have any room for improvement in your FX Game, then so be it, ignore my 3 decades of pure price action experience.

I was merely trying to be nice since its xmas coming up et al, and i was not being bossy! Its called being generous and helping another fellow trader.

And no, they are not S&R's, they are Minor (on smaller TF's) to Major (on higher TF's) Supply and Demand areas. Big difference.

FYI, you cant trade on a personal TL's in any haphazard way, the market dont give a rats bum about your personal lines. My charts are personal, but they are personal in the sense that they are drawn in the manner of how price moves and to the POINT with 3-5 pip SL and many times over very little DD if done correctly...

All Market cares about is where the orders / liquidity is, that's what the MM/Banks/Institutions look for to find a way to trap the non-aware traders such as your self out (because they know they are trading on their chart in some personal way as they have found a way to trade without the real training needed to be consistency successful), sure, you may have success every now and then, but i can guarantee that you're not consistent nor confident in your decision making 100% of the time.

granted, your going on your personal feel, that's great and I'm happy you found a way to "try" and get some money out of the market, however, if you dont want more the market, then ignore what I had / have to say - and accept my apology and move on. It's no skin off my nose, as i say, i was trying to be helpful, and not to be rude in any way - its called constructive criticism.

End of the day, if ur going to post images on forums etc, make sure your analysis drawings are bang on perfect, b'cos there are people here with no clue and try to copy. No one said you were a TA Champ, but ur implying u know what ur doing and it has substance in how the market moves, when really, all your doing is going on "personal feel" and that's NOT how Professional Traders trade, im afraid to say. We trade based on how price moves and jumping in with the lowest DD you'll ever have in your life!

Take care, good luck and Merry Xmas
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  • #79,508
  • Dec 17, 2018 4:00pm Dec 17, 2018 4:00pm
Quoting hellsbells
{quote} Are you a yoga Yoda? I picture you on a mat with Tibetan chants playing...

After today with price hitting my exact price target, with my largest position ever, right now, Im high in the clouds, looking at my computer screen, and counting all my money, for the year. Lmao
Learn, a forex trader must, unlearn and relearn he will.
  • #79,509
  • Dec 17, 2018 4:04pm Dec 17, 2018 4:04pm
Quoting marketwatch
{quote} Sorry but this makes no sense at all. Everything is different between demo and real account. System have "self defence" integrated and it moves other direction immediately when you place an order which you don't see it on demo. Except important announcements and events, big banks are just hunting for "dumb money". Personally I believe those charts, TL's, indicators everything is just an illusion to keep us busy. I CAN place an order and move the price to other direction at least 50 pips, or until I cancel my order. So, what about that? There...

Nah man, complete nonsense... There is NO difference in demo and live, except you cant cash out of a demo account - Don't insult my intelligence and 30+ years of experience... you're still living in the OLD days way way back when, as MT4's came to surface, yes, there was a slight difference, why? because the technology was new..roll on a few decades, shit has changed man, its streamlined and they call it a simulation account for a reason, a it MIMICS real accounts, the price feeds are exactly the same.

Nah man, those indi's, TL's are there for a reason (just like the candles, bars and line chart, those are indicators too, created from RAW data and plotted on the screen and MOST of the indicators if not all were designed to be used on Weekly, and Monthly time frames... and they all work, in their own little quirky way.

You cant move price by 50 pips man, it takes approx $50 MILLION to move a currency pair ONE PIP!

And no, its not hard at all dude, u just need to know the right ppl to talk to. Just like I did. I know several floor traders & Market Makers / Movers, all over the world; UK, Australia, Asia, New York, Chicago, and the Copenhagen Stock Exchange over the 30 years I've been trading, and let me tell you, i picked up some tricks that you would fall over my feet to know..

You wouldn't? no, really? not interested in having almost zero DD and hitting the TP to the POINT, yes, point, not PIP before it reverses to the next set of orders ready to be picked up.

no worries then I'll leave ya to your TWO ways of trading.... GL
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  • #79,510
  • Dec 17, 2018 4:20pm Dec 17, 2018 4:20pm
Quoting hellsbells
{quote} From personal experience, one way to really annoy a trader who's confessed to having a bit of a trading slump, is to tell them to go back to demo. Also , I find trading pairs do behave differently, and trading days of the week can also make a difference. That's my personal opinion, not one I would impose on others.

take it how you want, if you or anyone else dont have room to improve, or listen to others, dont trade... dont post on public forums when most of you here have no clue what ur doing... and ur just spreading more junk out there -- its hard enough for newbies as it is to find the CORRECT way to trade rather than trying each of your ways that are just lame and dont work.

I WAS MERELY OFFERING HELP AND THE BEST WAY, THE MOST LOGICAL WAY TO DO IT.

Hey, if you want to dump more money in an account to PRACTICE something new, so be it, lose your money, i dont care really, it was a suggestion..

you know, those of you with these type of replies i just got, just shows how ignorant, and new you all are where they are in denial that there is no room for improvement or a safe way to PRACTICE before putting live money in an account, its called a practice account for a reason...

and quit being stupid, learning on a practice account is the way too do things properly... unless u dont care about real money, hence the way you try to trade and palm off you think you know..

now get off my case and learn the difference between a person helping another out and another ripping them a new one. Silly man,
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #79,511
  • Dec 17, 2018 4:32pm Dec 17, 2018 4:32pm
Quoting FXCyborg
{quote} Nah man, complete nonsense... There is NO difference in demo and live, except you cant cash out of a demo account - Don't insult my intelligence and 30+ years of experience... you're still living in the OLD days way way back when, as MT4's came to surface, yes, there was a slight difference, why? because the technology was new..roll on a few decades, shit has changed man, its streamlined and they call it a simulation account for a reason, a it MIMICS real accounts, the price feeds are exactly the same. Nah man, those indi's, TL's are there...
I believe what I see man sorry, look at attached picture how price was going down slow and calmly? Immediately stops and reverses after I place my small order. First with slow touchs and then more strong pushes. Market was aiming to go down and they couldn't change the direction after 3rd. try. But when it happens on other times, what happens? Nothing changed man, some brokers are doing it gently, some are more aggressively. This is a system to hunt our 5 Dollars.

Thanks for the offer by the way I wouldn't lay down to anyone's feet for money
Happy new year in advance
Attached Image (click to enlarge)
Click to Enlarge Name: Manipulation.png Size: 25 KB
  • #79,512
  • Dec 17, 2018 4:49pm Dec 17, 2018 4:49pm
Quoting marketwatch
{quote} I believe what I see man sorry, look at attached picture how price was going down slow and calmly? Immediately stops and reverses after I place my small order. First with slow touchs and then more strong pushes. Market was aiming to go down and they couldn't change the direction after 3rd. try. But when it happens on other times, what happens? Nothing changed man, some brokers are doing it gently, some are more aggressively. This is a system to hunt our 5 Dollars. Thanks for the offer by the way I wouldn't lay down to anyone's feet for money...
What I see on your chart there is price resisting at your moving average. The market was trying to reverse up and was soundly rejected. You had a good trade idea, but the entry would have been better at that MA. Individual brokers can't hunt stops in this way, it would stick out like a sore thumb and they would be out of business. It's just market noise over a particular level. IMHO.
  • #79,513
  • Dec 17, 2018 4:53pm Dec 17, 2018 4:53pm
seeing and knowing are two different things dude.

No that is not manipulation. It's testing previous supply area, see your cross hair tool where the horizontal arrow is? you have two white/bear candles (one overlaps your cross hair and there is one to the left... that is your supply zone, its a hidden one that 99% of you dont know what it is, its called a Double Marubozu, and has a HIGH probability rate of being respected...

And the 3 down arrows of price markup before price is marked down where it hits the "Money Line" (Moving average) is a test of previous supply, which we professional traders call a Support Base Resistance flip which is one of the highest probability setups there is in this industry, regardless if its forex, stocks, equities or whatever... the subsequent ones are minor supplies depicted by the bearish engulfing patterns which is a reversal pattern, which coincidentally created a triple top,another HIGH probability setup of winning.

Again dude, it helps that you don't assume and know the facts, otherwise your "opinions" are not really facts, they're just guesses, which most retail traders do any way ( I was one of them before I learned how to trade properly and identify EVERY setup there is out there), because they haven't had the proper training to identify this stuff to its fullest degree.

So its not your fault, we've all been there, listening to others when we started out thinking they knew what they were talking about, when really, they were us back then when we started... and I unlike many others wanted to know everything there is to know about T.A and the info you dont hear from retail traders, but from real floor traders who know the industry better than all of us.

GL dude

P.S
You'll do well in the years to come, i can tell, you're working off a nice clean chart no distractions, no noise, just money coming in
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #79,514
  • Dec 17, 2018 4:55pm Dec 17, 2018 4:55pm
Quoting hieuec
Sell USDJPY at 113.4x Sl 113.73 Tp 112.7x {image}
Done target! Take profit 70 pips!
  • #79,515
  • Dec 17, 2018 5:03pm Dec 17, 2018 5:03pm
Quoting Pipfu
{quote} What I see on your chart there is price resisting at your moving average. The market was trying to reverse up and was soundly rejected. You had a good trade idea, but the entry would have been better at that MA. Individual brokers can't hunt stops in this way, it would stick out like a sore thumb and they would be out of business. It's just market noise over a particular level. IMHO.

Price is not resisting at the MA, price doesn't know he as a MA on the chart... Price responds to previous price, its as simple as that.

Take a look on youtube for "Depth of Market" and see if you can find a video that's about 30-45 minutes long, it will explain in great detail how price moves and how many of the contracts get executed based on supply or demand from those who placed the orders and those who are seeking orders to purchase, a revisit of these price is made when only a portion of the full contract is passed through the dealing desk.

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  • #79,516
  • Edited 5:55pm Dec 17, 2018 5:28pm | Edited 5:55pm
Quoting FXCyborg
{quote} Price is not resisting at the MA, price doesn't know he as a MA on the chart... Price responds to previous price, its as simple as that. Take a look on youtube for "Depth of Market" and see if you can find a video that's about 30-45 minutes long, it will explain in great detail how price moves and how many of the contracts get executed based on supply or demand from those who placed the orders and those who are seeking orders to purchase, a revisit of these price is made when only a portion of the full contract is passed through...
I have multiplied many demo accounts with just S&R trading but when it comes to real money it is completely different game cause even if u think your demo account is like real account brain unconsciously feels comfortable with all the risks. I think demo trading is worthless unless your trying to test trading strategies. I personally believe you are trying to find a system where there is noone market is too random and dynamic for your system to work consistently. All of the system that works are mostly trend following but no matter how much of a genius u are u will not be able to consistently predict currency market.
And i am in no way professional trader just learning and this is what i have learned up until now. Probably if i was professional trader i wouldn’t be lurking around here.
  • #79,517
  • Dec 17, 2018 5:41pm Dec 17, 2018 5:41pm
if you are so good then please enlighten us peasants about your noble trading strategy and what is it that u do is so different from us peasants that you are so successful. Please share your vast wisdom and knowledge with us peasants.
  • #79,518
  • Dec 17, 2018 5:56pm Dec 17, 2018 5:56pm
My thoughts are these

FxCyborg maybe it's a good name for you, because some personal skills could really help. By that I mean you could've started with " hi traders I've been doing this for 30 years and in the name of Christmas spirit I thought I'd swing by and offer some advice" you know then I'd be like ok great. As it is I have read your messages and taken on board everything you say, and I do think you have some pertinent points, that means I am agreeing with your constructive criticism pertaining to trading.
FYI just for everyone really, my names Helena ( yes a woman).
  • #79,520
  • Dec 17, 2018 7:12pm Dec 17, 2018 7:12pm
I have ignored cyborg, first time I've ignored someone and was happy to find that button.

Look, I am a junior trader, I make lots of errors, but I really like coming to this forum to see what people are doing, and to share what I'm trying. I appreciate that I have this site to come to.
Cheers to every pleasant person who contributes. Xo
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