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USD/JPY Discussion

  • #87,481
  • Nov 13, 2023 7:34am Nov 13, 2023 7:34am
Quoting Tradder
Hi, I have hedged it .To be frank I don’t have much idea.May be, interest rate cut will bring it down….hoping .If u have any suggestions plz guide me…thanks
This was smart, but the timing is a bit off. I think this is our down week. If I am correct my advice to you is to add another buy if we turn Bullish again. In that way your current hedge will stop the bleeding, and the new trade will cover your swap fees. Or.. close the buy hedge.. wait for a retracement then buy one to cover your bad trade, and another to cover overhead. Wait for the second to be in SIGNIFICANT profit before you look for more retracements to add on. Do not panic though. The minute you panic your trading will go to shit. There is a way out.. you can do it.
Don't compare your trades to others. Most often the masses are the asses
  • #87,482
  • Nov 13, 2023 9:09am Nov 13, 2023 9:09am
Thanku so much for ur time.I think there will be a retracemt soon almost near the high.letc…Thanks once again for all of ur support.
  • #87,483
  • Nov 13, 2023 9:51am Nov 13, 2023 9:51am
Quoting Tradder
Thanku so much for ur time.I think there will be a retracemt soon almost near the high.letc…Thanks once again for all of ur support.
You are welcome. This is why some of us are here.. to help.
Don't compare your trades to others. Most often the masses are the asses
  • #87,484
  • Nov 14, 2023 7:57am Nov 14, 2023 7:57am
Quoting Tradder
Thanku so much for ur time.I think there will be a retracemt soon almost near the high.letc…Thanks once again for all of ur support.
I really hope you headed my advice and dropped that long hedge to wait for a dip.
One thing about trading to remember. When it feels like all hope is lost. The market is probably about to turn. They do this so that people close losing trades, and is a well documented practice.
Don't compare your trades to others. Most often the masses are the asses
  • #87,485
  • Nov 14, 2023 8:57am Nov 14, 2023 8:57am
UJ is currently at the 1hr Higher low off of the move up we just had. This is more of a 4th wave than it is a turn around. For now. For an instrument to be bearish in my book it needs to take out TWO of the previous higher lows. Even if we count the blue one. This move is yet to be bearish on the higher frames. Lets see what the FED's speech does.


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Don't compare your trades to others. Most often the masses are the asses
  • #87,486
  • Nov 15, 2023 5:57am Nov 15, 2023 5:57am
Similar to the correlation between other countries and the Japanese yen, even if the interest rate differential narrows, the US dollar will appreciate more than the Japanese yen, which has lower interest rates and a negative quarterly GDP.
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  • #87,487
  • Nov 16, 2023 7:50am Nov 16, 2023 7:50am
Dear investors

Let's all win profits by buying dollars with higher interest rates than Japanese yen. Let's help spread the word and aim for 155 yen to the dollar!
  • #87,488
  • Nov 16, 2023 11:16am Nov 16, 2023 11:16am
Quoting COGSx86
{quote}
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{image}

Where elese can you get 5%???

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Learn, a forex trader must, unlearn and relearn he will.
  • #87,489
  • Nov 16, 2023 11:19am Nov 16, 2023 11:19am
Quoting ty235685
Dear investors Let's all win profits by buying dollars with higher interest rates than Japanese yen. Let's help spread the word and aim for 155 yen to the dollar!

Sounds like someone got stuck in a long trade at the top...
Don't compare your trades to others. Most often the masses are the asses
  • #87,490
  • Nov 16, 2023 11:25am Nov 16, 2023 11:25am
Long Gold
2025 target Wave 4 on higher timeframes appears done.

I was hoping to buy lower, but will just buy smaller instead to limit risk. Had I entered on time SL would be in to limit risk.

no sl currently. .01
Don't compare your trades to others. Most often the masses are the asses
  • #87,491
  • Nov 16, 2023 4:06pm Nov 16, 2023 4:06pm
Quoting OBsayMkMoney
{quote} Sounds like someone got stuck in a long trade at the top...
Yes, we can.
Unfortunately, the Japanese yen has no value because there are no interest rates, prices are rising, and wages have not increased for 30 years. The world should recognize this reality.
  • #87,492
  • Nov 16, 2023 11:20pm Nov 16, 2023 11:20pm
Quoting Tradder
Thanku so much for ur time.I think there will be a retracemt soon almost near the high.letc…Thanks once again for all of ur support.
Quoting OBsayMkMoney
{quote} This was smart, but the timing is a bit off. I think this is our down week. If I am correct my advice to you is to add another buy if we turn Bullish again. In that way your current hedge will stop the bleeding, and the new trade will cover your swap fees. Or.. close the buy hedge.. wait for a retracement then buy one to cover your bad trade, and another to cover overhead. Wait for the second to be in SIGNIFICANT profit before you look for more retracements to add on. Do not panic though. The minute you panic your trading will go to shit....
"if we turn bullish again" is completely different from one trade to another...
And Let's be honest. Hedging one position is just like closing it. Buying again would just be buying. All the rest, technically, makes no technical sense. Maybe blinded by the loss if closed? A trader has to come to term with regular loses. It's just part of it. I myself take 100s of losses every day. You've treated your short like if it was a carry trade which it clearly can't be with neg. swaps and uptrend, and unless you had holdings bringing you interest to cover that negative swap all that time, your mistake was even greater. You've made a mistake by holding without knowing so long and without knowing why(as you stated above) and, in my opinion, the earlier one acts upon his mistake, one can truly accept it, and can move on at last.

Wishing you the best and may you believe in my sincere wish to have tried to help. Cheers mate, sincerely, and may your future endeavours make this tough period long gone and forgotten and as soon as possible.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #87,493
  • Nov 18, 2023 7:58am Nov 18, 2023 7:58am
Quoting mtako
{quote}{quote}"if we turn bullish again" is completely different from one trade to another... And Let's be honest. Hedging one position is just like closing it. Buying again would just be buying. All the rest, technically, makes no technical sense. Maybe blinded by the loss if closed? A trader has to come to term with regular loses. It's just part of it. I myself take 100s of losses every day. You've treated your short like if it was a carry trade which it clearly can't be with neg. swaps and uptrend, and unless you had holdings bringing you interest...

I find it interesting that as traders we are all taught this lesson. "Take the loss". Everyone says it is part of the game. Everyone that is except the big guys making money. The Banks hedge. Hedge funds also hedge, and they watch their margins. Even Warren Buffet says that you do not lose money until you close the trade. So why are all the teachers at our level encouraging stop losses, and the closing of trades. Some brokers won't even allow opposing trades. The more money you have it seems the less you are encouraged to "let go". I work in a hedge fund. As IT mind you, but i see these guys hedge losing bets all the time. I get what you are saying, but nah. Especially as price is in a range and your price just comes back, and especially in this case where he is so deep into the trade. Perhaps at a 50 pip loss close and move on. 500? Nah. Seal up the doors and come back with bigger weapons.
In the end though we have to live in our comfort zone. You don't like stress I would bet. Me. I live in it lol.
Don't compare your trades to others. Most often the masses are the asses
  • #87,494
  • Nov 18, 2023 8:28am Nov 18, 2023 8:28am
Pure Tom Demark & Mouteki Analysis..
Chart clearly shows the projection. Thankyou FF members.
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  • #87,495
  • Nov 18, 2023 10:29am Nov 18, 2023 10:29am
Quoting OBsayMkMoney
{quote} I find it interesting that as traders we are all taught this lesson. "Take the loss". Everyone says it is part of the game. Everyone that is except the big guys making money. The Banks hedge. Hedge funds also hedge, and they watch their margins. Even Warren Buffet says that you do not lose money until you close the trade. So why are all the teachers at our level encouraging stop losses, and the closing of trades. Some brokers won't even allow opposing trades. The more money you have it seems the less you are encouraged to "let go". I work...
You've misinterpreted my message.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #87,496
  • Nov 18, 2023 10:36am Nov 18, 2023 10:36am
Quoting OBsayMkMoney
{quote} I find it interesting that as traders we are all taught this lesson. "Take the loss". Everyone says it is part of the game. Everyone that is except the big guys making money. The Banks hedge. Hedge funds also hedge, and they watch their margins. Even Warren Buffet says that you do not lose money until you close the trade. So why are all the teachers at our level encouraging stop losses, and the closing of trades. Some brokers won't even allow opposing trades. The more money you have it seems the less you are encouraged to "let go". I work...
Warren Buffet is a value investor, not a forex intraday or swing trader. knowing the differences between the two answers your question.
You work at an hedge fund, so you know that many "big guys" take losses all the time. It is part of trading.
I never pretended to be a teacher or encouraging stop losses or closing of a position.
I shared my humble view, based on my experience, and on what Tradder was specifically sharing, which, for me, has nothing to do with your thoughts above, misinterpretations about my message which was specifically written with Tradder's situation in mind.

Because Tradder asked, I merely expressed my view on his position holding, and hedging it, which makes no sense in the context of his lack of understanding...

Cheers and thank you for your thoughts on the matter, especially when it includes my favourite investor(his biography around 20 years ago got me into trading !)!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #87,497
  • Nov 18, 2023 10:49am Nov 18, 2023 10:49am
Quoting Tradder
…am n big trouble with usdjpy.It will be great if anyone can help me out.Thanx in advance. My RM opened a sell in 136 with lot size of 1.75.with no sL.am still holding it.now.Any suggestions for comming weeks….
Quoting Tradder
Thanku so much for responding.Am basically new and Donno much in technical side.All these happened from my broker,now no help from their side and all on my shoulders.If I can contact you or any one in personal for more proper guidance,it will be very helpful.Please don’t feel bad or don’t take it any other way,I don’t have much options thatsy….
Quoting mtako
{quote}Hello Tradder! May I ask what your holding of this short is based on exactly? Cheers !
Quoting Tradder
Hi, I have hedged it .To be frank I don’t have much idea.May be, interest rate cut will bring it down….hoping .If u have any suggestions plz guide me…thanks
Quoting mtako
{quote}If you don't know why you are holding it, then why are you holding it? Don't take it the wrong way. I myself constantly ask myself that question and I have developed the reflex to simply close when I do not know anymore or realize that I was not prepared enough. I go back to the drawing table. Anyhow, hedging one position is just like closing it, so you have already gone through it. Well done. Now, I would ask myself : what could I do with those funds instead? Something that does not raise the question : what am I doing?
Quoting mtako
Let's be honest. Hedging one position is just like closing it. Buying again would just be buying. All the rest, technically, makes no technical sense. Maybe blinded by the loss if closed? A trader has to come to term with regular loses. It's just part of it. I myself take 100s of losses every day. You've treated your short like if it was a carry trade which it clearly can't be with neg. swaps and uptrend, and unless you had holdings bringing you interest to cover that negative swap all that time, your mistake was even greater. You've made a mistake...
Quoting mtako
..You've made a mistake by holding without knowing so long and without knowing why(as you stated above) and, in my opinion, the earlier one acts upon his mistake, one can truly accept it, and can move on at last. Wishing you the best and may you believe in my sincere wish to have tried to help. Cheers mate, sincerely, and may your future endeavours make this tough period long gone and forgotten and as soon as possible.
in context... Anyhow, what is important is:
Quoting Tradder
Thanku so much for ur time.I think there will be a retracemt soon almost near the high.letc…Thanks once again for all of ur support.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #87,498
  • Nov 18, 2023 10:56am Nov 18, 2023 10:56am
Quoting mtako
{quote}Warren Buffet is a value investor, not a forex intraday or swing trader. knowing the differences between the two answers your question. You work at an hedge fund, so you know that many "big guys" take losses all the time. It is part of trading. I never pretended to be a teacher or encouraging stop losses or closing of a position. I shared my humble view, based on my experience, and on what Tradder was specifically sharing, which, for me, has nothing to do with your thoughts above, misinterpretations about my message which was specifically...
Easy budy. Are we really at a level that differences of opinions are insulting? Perhaps it is the language barrier. "I find it funny" is an all encompassing phrase meaning someone finds something odd. You responded not to his message, but to mine. To me you wished to have discourse. A different thought isn't a fist or put down people. Most are based on the information provided. Different information. Different products.

Yes. Losses are taken. But only when overleveraged.
Don't compare your trades to others. Most often the masses are the asses
  • #87,499
  • Nov 18, 2023 11:01am Nov 18, 2023 11:01am
Quoting OBsayMkMoney
{quote} Easy budy. Are we really at a level that differences of opinions are insulting? Perhaps it is the language barrier. "I find it funny" is an all encompassing phrase meaning someone finds something odd. You responded not to his message, but to mine. To me you wished to have discourse. A different thought isn't a fist or put down people. Most are based on the information provided. Different information. Different products. Yes. Losses are taken. But only when overleveraged.
To the contrary, the more views the merrier ! But your reply seemed to overlook certain things, expressed above.. Cheers !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #87,500
  • Nov 18, 2023 11:11am Nov 18, 2023 11:11am
Quoting OBsayMkMoney
{quote} Easy budy. Are we really at a level that differences of opinions are insulting? Perhaps it is the language barrier. "I find it funny" is an all encompassing phrase meaning someone finds something odd. You responded not to his message, but to mine. To me you wished to have discourse. A different thought isn't a fist or put down people. Most are based on the information provided. Different information. Different products. Yes. Losses are taken. But only when overleveraged.
You seem to have gotten a negative tone from my message. There weren't any. Also your "I find it funny" has nothing to do with anything I wrote."A different thought isn't a fist or put down people." has nothing to do with anything I wrote. "Losses are taken. But only when overleveraged." Many traders not overleveraged have losses all the time, just a fact, me and countless other traders are proof. So perhaps you mean something other than "Losses are taken. But only when overleveraged."? MMmm Am even more curious now !

Please don't go the negative when interpreting my message, (still confused why you mention negative stuff in previous message"insulting,fist, put down etc., but I think we best leave it at that, because I agree with all of what you said, just not in the context of a reply to my message, like you did)

I am here just sharing freely like you, and with only positive vibes, like you I assume.
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
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