USD/JPY Discussion | Page 22 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #421
  • Jul 6, 2007 4:28am Jul 6, 2007 4:28am
still hanging tough.
quote of the day: . It's like deja-vu all over again
  • #422
  • Jul 6, 2007 4:31am Jul 6, 2007 4:31am
wow UJ move 30+ pips already...
  • #423
  • Jul 6, 2007 4:34am Jul 6, 2007 4:34am
Quoting cesarnc
Partials in the bank. 40 / 26 / 32 pips....

Back after NFP
Chicken! I wish we had a chicken smiley for moments like this, traders chickening out before the mighty NFP. Having made this bold statement, I'm out in another half hour, 52 + 94 pips this session, not a bad dip at all
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #424
  • Jul 6, 2007 4:43am Jul 6, 2007 4:43am
Quoting Plutonite
Chicken! I wish we had a chicken smiley for moments like this, traders chickening out before the mighty NFP. Having made this bold statement, I'm out in another half hour, 52 + 94 pips this session, not a bad dip at all
Po Po Po...

I chickened out because my floating P/L was already way beyond my weekly target.

And this #@$#%@#$%@#$%@ NFP can sure as hell, eat your entire week
  • #425
  • Jul 6, 2007 4:51am Jul 6, 2007 4:51am
$/JPY trading bid above 123.30, nt resistance comes in around 123.50
  • #426
  • Jul 6, 2007 4:51am Jul 6, 2007 4:51am
Quoting cesarnc
Po Po Po...

I chickened out because my floating P/L was already way beyond my weekly target.

And this #@$#%@#$%@#$%@ NFP can sure as hell, eat your entire week
It sure can. What I'm thinking to do this time (I always try out new things with the NFP) is to ignore it completely and just go on trading. After all I do consider random numbers in my trading "style", and it seems to be pretty random to me.

Good luck.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #427
  • Jul 6, 2007 4:59am Jul 6, 2007 4:59am
Quoting Plutonite
It sure can. What I'm thinking to do this time (I always try out new things with the NFP) is to ignore it completely and just go on trading. After all I do consider random numbers in my trading "style", and it seems to be pretty random to me.

Good luck.
Likewise

NFP a lottery, indeed... the revision, when it comes with large deviation from the previous is what makes NFP nasty.

When this does not happen, then it is a safe 40-50 pips.
  • #428
  • Jul 6, 2007 6:23am Jul 6, 2007 6:23am
mother@#$@ing NFP screwed my profit for the week. I'm now back to where i started. I'm done trading this beast.
DONE, Fin
100% of traders are losers. Just that some win more than they lose!
  • #429
  • Jul 6, 2007 6:32am Jul 6, 2007 6:32am
Quoting Mr demark
mother@#$@ing NFP screwed my profit for the week. I'm now back to where i started. I'm done trading this beast.
DONE, Fin
You shorted UJ?
  • #430
  • Jul 6, 2007 6:46am Jul 6, 2007 6:46am
I'm out for the week. Sorry for your loss Demark. See you guys monday.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #431
  • Jul 6, 2007 9:02am Jul 6, 2007 9:02am
Quoting cesarnc
You shorted UJ?
no, gbp and eur. but got a bad fill

but guess what, I went long and got 20 and 30 (29 really) on eurusd and gbpusd respectively. So i'm up 0.85 % today
100% of traders are losers. Just that some win more than they lose!
  • #432
  • Jul 6, 2007 11:22am Jul 6, 2007 11:22am
Quoting Mr demark
mother@#$@ing NFP screwed my profit for the week. I'm now back to where i started. I'm done trading this beast.
DONE, Fin
yeah, fu_(*@#(*&)#@&(*)$# a$$)@*#)((*&$#W
  • #433
  • Jul 6, 2007 11:30am Jul 6, 2007 11:30am
Quoting Mr demark
mother@#$@ing NFP screwed my profit for the week. I'm now back to where i started. I'm done trading this beast.
DONE, Fin
You signatures reads "Money Management is key"... but wouldnt you agree that holding positions open through the NFP (which is nothing but a lottery) goes against that very principle?
  • #434
  • Jul 6, 2007 12:44pm Jul 6, 2007 12:44pm
Quoting WTB
You signatures reads "Money Management is key"... but wouldnt you agree that holding positions open through the NFP (which is nothing but a lottery) goes against that very principle?
The release per se was already a lottery. Then the revision started weighting as another lottery. Now the market reaction itself has proven to be another one.

Put lottery probabilities one over the other, and trading NFP is becoming really nasty.

"Fire-and-forget" is definitely ruled out.
  • #435
  • Jul 7, 2007 10:41am Jul 7, 2007 10:41am
I personally exited a USDJPY position at +4 pips prior the NFP because I am not up to risk my money with that lottery. It looked like a good entry from a technical point of view, but common sense > T.A. in my opinion!
  • #436
  • Jul 7, 2007 10:59am Jul 7, 2007 10:59am
I suppose it depends on what sort of trade you're making.

I suspect we may have found a bottom here and was willing to have price action close it out rather than manually close and lose position on the basis of a news event.
quote of the day: . It's like deja-vu all over again
  • #437
  • Jul 7, 2007 11:16am Jul 7, 2007 11:16am
http://img130.imageshack.us/img130/8198/ujie7.png
Trade what you see, not what you think.
  • #438
  • Jul 8, 2007 8:05pm Jul 8, 2007 8:05pm
Hope the weekend was good.
Who're the lucky ones still holding on to their LONGS.

Gotta get into the groove once again for the trades ahead.
Cheers!
Chances favour the prepared.
  • #439
  • Jul 8, 2007 8:27pm Jul 8, 2007 8:27pm
Yeah im still holding a good sum...so far UJ has been cover my ass quite well for all the losers that im making trading the Euros and Sterling lol
  • #440
  • Jul 8, 2007 10:01pm Jul 8, 2007 10:01pm
Good JPY data but what the *()@#*(&*(#$(*, but YEN getting weaker.
I don't know what those monkeys doing at BOJ.

Go, raise the interest rate to 2%...
50 traders viewing now