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USD/JPY Discussion

  • #821
  • Jul 23, 2007 7:58am Jul 23, 2007 7:58am
This things not going to make it to 121.50
Patience + Humility + Study = Success
  • #822
  • Jul 23, 2007 8:03am Jul 23, 2007 8:03am
Quoting DutchTrader
This things not going to make it to 121.50
I do not think deterministic affirmations like that should be placed in the forex market. I've leraned one thing. You never now... The market goes on one direction and suddenly reverses like an idiot... Or ranges and breaks out... So whatever.. I say I do not know, I never know, and I never predict..
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  • #823
  • Jul 23, 2007 8:07am Jul 23, 2007 8:07am
Quoting bullrock
I do not think deterministic affirmations like that should be placed in the forex market. I've leraned one thing. You never now... The market goes on one direction and suddenly reverses like an idiot... Or ranges and breaks out... So whatever.. I say I do not know, I never know, and I never predict..

If extrapolating your post further then we should never make a trade eh? Since no one knows, aren't we all guessing? You're guessing and so am I. Saying we're doing anything else is folly. Sure we might make guesses based on various sources, be they TA, fundamentals, etc. but at the end of the day, taking your theory to its furthest, we're all guessing as none of us now.

So with that being said, you've made a guess, and I've made a guess. What's the difference?
Patience + Humility + Study = Success
  • #824
  • Jul 23, 2007 8:08am Jul 23, 2007 8:08am
Quoting zamans98
I'm going to unload when it hit 121.50, as long i'm getting pips.

Still, we do not know how market will react when DOW opens.
hit 121.50, but retraced fast to 122.2x, then unloaded when it reach 121.35

35 pips is good enough...

Small lots though, coz market is not stable right now..

Will buy on dips!
  • #825
  • Jul 23, 2007 8:08am Jul 23, 2007 8:08am
Quoting DutchTrader
This things not going to make it to 121.50
I think it just made it
Just Trade It
  • #826
  • Jul 23, 2007 8:11am Jul 23, 2007 8:11am
Quoting DutchTrader
If extrapolating your post further then we should never make a trade eh? Since no one knows, aren't we all guessing? You're guessing and so am I. Saying we're doing anything else is folly. Sure we might make guesses based on various sources, be they TA, fundamentals, etc. but at the end of the day, taking your theory to its furthest, we're all guessing as none of us now.

So with that being said, you've made a guess, and I've made a guess. What's the difference?
The reason for money management, order management, stop loss and take profit management.. They are all guardians of the unknown...I try think in PROBABILITIES.. Rather than in "this will do that"... But yes we are all guessing... Some doing like it would be a casino. some like it would be a real business...
.
  • #827
  • Jul 23, 2007 8:11am Jul 23, 2007 8:11am
Quoting Big Wave Rider
I think it just made it
I believe what he said is NOT AGAIN TODAY, since it already hit 121.50 few hours back.
  • #828
  • Jul 23, 2007 8:13am Jul 23, 2007 8:13am
Quoting bullrock
The reason for money management, order management, stop loss and take profit management.. They are all guardians of the unknown...I try think in PROBABILITIES.. Rather than in "this will do that"... But yes we are all guessing... Some doing like it would be a casino. some like it would be a real business...

So you're assuming that I'm not utilizing any of these aforementioned methods and just, shall we say colloquially, talking out of my rear? You should try and keep assumptions to a minimum.
Patience + Humility + Study = Success
  • #829
  • Jul 23, 2007 8:15am Jul 23, 2007 8:15am
Quoting zamans98
I believe what he said is NOT AGAIN TODAY, since it already hit 121.50 few hours back.
Sorry, I was looking at the 4 hour chart thinking it was the 30 min,
need more coffee
Just Trade It
  • #830
  • Jul 23, 2007 8:16am Jul 23, 2007 8:16am
Quoting Big Wave Rider
Sorry, I was looking at the 4 hour chart thinking it was the 30 min,
need more coffee
Get me a mug while you're at it Thanks.
Patience + Humility + Study = Success
  • #831
  • Jul 23, 2007 8:18am Jul 23, 2007 8:18am
Quoting DutchTrader
So you're assuming that I'm not utilizing any of these aforementioned methods and just, shall we say colloquially, talking out of my rear?
You should try and keep assumptions to a minimum.
1. DutchTrader, I did not want to HURT your feelings or whatsoever..

2. I just wanted to tell that I am never predicting but reacting on proven suff... that has PROBABILITES..

3. That's the point I am not assuming anything just reacting on the probabilities...
.
  • #832
  • Jul 23, 2007 8:20am Jul 23, 2007 8:20am
Quoting bullrock
1. DutchTrader, I did not want to HURT your feelings or whatsoever..

2. I just wanted to tell that I am never predicting but reacting on proven suff... that has PROBABILITES..

3. That's the point I am not assuming anything just reacting on the probabilities...

LOL no no hurt feelings at all, seriously. I was just making the point that none of us, including myself of course, are ever truly certain. That's all. With that being said, big pips to all.
Patience + Humility + Study = Success
  • #833
  • Jul 23, 2007 8:21am Jul 23, 2007 8:21am
DucthTrader,

I also do not know how you trade etc, etc... Probably you are a good trader if you make money consistentkly and that works FOR YOU... as we all now that everyone should find the method that suits himself... Right?
.
  • #834
  • Jul 23, 2007 8:23am Jul 23, 2007 8:23am
Quoting Big Wave Rider
Sorry, I was looking at the 4 hour chart thinking it was the 30 min,
need more coffee

I normally will have 30M, 1H, 4H & Daily chart for single pair..

it do help..

LONG TRUCK parked again at 121.00..
  • #835
  • Jul 23, 2007 8:26am Jul 23, 2007 8:26am
Quoting zamans98
I normally will have 30M, 1H, 4H & Daily chart for single pair..

it do help..

LONG TRUCK parked again at 121.00..
The long trucks love that parking spot
Patience + Humility + Study = Success
  • #836
  • Jul 23, 2007 8:28am Jul 23, 2007 8:28am
Quoting DutchTrader
The long trucks love that parking spot
, its super strong support highway... Gonna love that sweet spot.. its free from traffic jams and road blocks..
  • #837
  • Jul 23, 2007 8:28am Jul 23, 2007 8:28am
Hey dutch.. I sent you a PM.

I'm lovin USDJPY so far.
  • #838
  • Jul 23, 2007 8:30am Jul 23, 2007 8:30am
Quoting bullrock
DucthTrader,

I also do not know how you trade etc, etc... Probably you are a good trader if you make money consistentkly and that works FOR YOU... as we all now that everyone should find the method that suits himself... Right?
Precisely. No such thing as "one size fits all" trading
Patience + Humility + Study = Success
  • #839
  • Jul 23, 2007 8:32am Jul 23, 2007 8:32am
Quoting DutchTrader
Precisely. No such thing as "one size fits all" trading
So the debate is meaningless...
.
  • #840
  • Jul 23, 2007 11:45am Jul 23, 2007 11:45am
Quoting bullrock
The reason for money management, order management, stop loss and take profit management.. They are all guardians of the unknown...I try think in PROBABILITIES.. Rather than in "this will do that"... But yes we are all guessing... Some doing like it would be a casino. some like it would be a real business...

yeap I agree...

short term (1 hr to 4 hrs)
I like to channel trade this pair... it can be predictable with high probability.

couple that with good MM, use fibs and TL and it works.

On daily chart however i am short. ( long term ( 1 month))

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