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USD/JPY Discussion

  • #89,441
  • Apr 6, 2025 2:31pm Apr 6, 2025 2:31pm
On Thursday, the USDJPY price action on the daily time frame broke down the 146.890 intra-day horizontal support. But there was a bullish retest of the area on Friday. The technical impulse and recent technical prints favour southward market engineering.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #89,442
  • Apr 6, 2025 4:04pm Apr 6, 2025 4:04pm
Quoting ThaoAnh
{image}
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  • #89,443
  • Apr 6, 2025 4:30pm Apr 6, 2025 4:30pm
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  • #89,444
  • Apr 6, 2025 4:53pm Apr 6, 2025 4:53pm
Quoting OBsayMkMoney
{quote} Interesting. Have you investigated why? I mean really. Not the usual the market went against me stuff. I for one have been postin gthat we would go down. Others have as well. I don't really remember any Bulls. I am not claiming Guru status mind you because I didn't think we would go this far. But these UJ boards were filled with Bearish predictions. So. What made you go bullish. and more importatantly STAY bullish. Drawing on my own experience I have done this during bouts of Ego vs Reality. I have a saying. The man from the land of "should"...
OB i would post all the red trades that put me -1000 dollars before the next day only able to make back 300 ... i can go on and on with my ADHD mind and explain random impulsive thoughts and really show how shit of a trader i really am. but i wont do that cause i think im appropriately transparent enough.

i dont know how to trade. i like to think i have an endge but i know to many edges and with that comes contradiction. i normally get on here and see what people say but ive learned that i can make money off others trades but that only can happen if i dont allow others to influence a bias. oh the market is assumed to go up today ill look to see how thats possible .. its not the best way of trading but thats only a fraction of what makes me shit.

i was wrong.. i didnt set a stop .. i didnt see how i could be wrong... before i felt like i was on a winning streak and it set me up to think things.. ive been bearish before and caught alot of the carry trade unwind on the way down and felt amazing and blew it when it started to range that was around last july august i think before i had to stop trading because i spiraled... Spiraled is when the above happens ontop of too much leverage.i can back and forth within a couple hours get destroyed by a simple consolidation because of over leverage/ implusive trading.

i left a .05 set on accident over this weekend and it just got hit on the UJ open i closed my trades from last week even though i truly felt like the bottom was in .. taking profits and re assessing is what i have to do in Lecedrics trading because if not ill watch +4% go to -10

i respect you guys i truly do .. you couldnt make me stop trading but only do the opposite

squirrel
  • #89,445
  • Apr 6, 2025 5:10pm Apr 6, 2025 5:10pm
Quoting Lecedric
{quote} OB i would post all the red trades that put me -1000 dollars before the next day only able to make back 300 ... i can go on and on with my ADHD mind and explain random impulsive thoughts and really show how shit of a trader i really am. but i wont do that cause i think im appropriately transparent enough. i dont know how to trade. i like to think i have an endge but i know to many edges and with that comes contradiction. i normally get on here and see what people say but ive learned that i can make money off others trades but that only can...
I have only one suggestion
But you will not do it
Open a demo account set it with x amount
trade it until you double it
then start again and double it
when you have done that
your head will be in the right place hopefully
if you cannot do that
sit back and think how much money you have saved
good luck
with what ever you decide
  • #89,446
  • Apr 6, 2025 5:38pm Apr 6, 2025 5:38pm
Quoting OAPDave
{quote} I have only one suggestion But you will not do it Open a demo account set it with x amount trade it until you double it then start again and double it when you have done that your head will be in the right place hopefully if you cannot do that sit back and think how much money you have saved good luck with what ever you decide
i took my Motorcycle safety class this weekend and am ready to ride a dangerous machine and purchase one. ill ride it home but what i REALLY wanna do is buy one bring it home and just drive up and down my street until i can shift, turn and maneuver so well without my ADHD mind having to think and even then... even then im telling you ima fck up. i really wish i could be done with trading. cause it does hurt like riding a motor cycle without gear and getting road rash at 100.. you just dont have to be in the hospital... i have to take some risk in order to learn. what you're telling me is to do this the right way and i will ACTUALLY have a chance... that light is shining through that window onto the furniture .. but wait .. what furniture ..

give me a min to think about it
  • #89,447
  • Apr 6, 2025 5:43pm Apr 6, 2025 5:43pm
with this loss would be 3 to 4 % I would plan trying to trade within this if I get stopped out normally I would think liquidity sweep this making it a waaaayyy riskier trade… I just can’t be wrong and ever squirrel gets a nut?. And even if I am wrong then what 50 50 it was a liquidity sweep?
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  • #89,448
  • Apr 6, 2025 7:27pm Apr 6, 2025 7:27pm
Quoting ThaoAnh
{quote} {image}
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  • #89,449
  • Apr 6, 2025 9:18pm Apr 6, 2025 9:18pm
Quoting ThaoAnh
{quote} {image}
không có sự hợp lưu nào ở đây
Time is the most valuable asset
  • #89,450
  • Apr 6, 2025 10:09pm Apr 6, 2025 10:09pm
Quoting ThaoAnh
{quote} {image}
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  • #89,451
  • Apr 7, 2025 2:20am Apr 7, 2025 2:20am
Quoting ThaoAnh
{quote} {image}
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  • #89,452
  • Apr 7, 2025 6:16am Apr 7, 2025 6:16am
Quoting Lecedric
{quote} OB i would post all the red trades that put me -1000 dollars before the next day only able to make back 300 ... i can go on and on with my ADHD mind and explain random impulsive thoughts and really show how shit of a trader i really am. but i wont do that cause i think im appropriately transparent enough. i dont know how to trade. i like to think i have an endge but i know to many edges and with that comes contradiction. i normally get on here and see what people say but ive learned that i can make money off others trades but that only can...

Awesome self assessment my friend, and I appreciate your honesty. I will attempt to send you as much as I can of what I have learned. I believe we may be in the same boat @ ADHD. That's the part that won't quit because you haven't figured it out yet. It is also the part that paralizes us with over information because we have to sift through it all before the trade. What has helped me is this. Plan your trades on the weekend using the daily and 4hr chart. I wouldn't agree that you are a shit trader. You conned your way into a 4% bump. Many have yet to even do that. Just woke up, so I need to start my day, but saw your respnse and wanted to do so in kind. BBL
Don't compare your trades to others. Most often the masses are the asses
  • #89,453
  • Apr 7, 2025 7:02am Apr 7, 2025 7:02am
Quoting OBsayMkMoney
{quote} Awesome self assessment my friend, and I appreciate your honesty. I will attempt to send you as much as I can of what I have learned. I believe we may be in the same boat @ ADHD. That's the part that won't quit because you haven't figured it out yet. It is also the part that paralizes us with over information because we have to sift through it all before the trade. What has helped me is this. Plan your trades on the weekend using the daily and 4hr chart. I wouldn't agree that you are a shit trader. You conned your way into a 4% bump. Many...
The process. Process process process. People like to skip it. like i did with trading. Theres things that i still have to do. ill continue to self assess and will try to stay as aware as i possibly can. if i cant then ill know that ive failed. i really want to be better while i still have the opportunity. talks like these really do help me. even if we all arent face to face. ive always wanted to join a group but this is more than a blessing.. to have people on FF that actually understands but wont sugar coat. please dont.
  • #89,454
  • Apr 7, 2025 7:27am Apr 7, 2025 7:27am
Quoting Lecedric
{quote} The process. Process process process. People like to skip it. like i did with trading. Theres things that i still have to do. ill continue to self assess and will try to stay as aware as i possibly can. if i cant then ill know that ive failed. i really want to be better while i still have the opportunity. talks like these really do help me. even if we all arent face to face. ive always wanted to join a group but this is more than a blessing.. to have people on FF that actually understands but wont sugar coat. please dont.
Never. I am a good guy. Not a nice one lol. I will always prefer the honest slap, over the gentle lie, and like you I require "moments" to learn. I feel a discord coming on lol.
Don't compare your trades to others. Most often the masses are the asses
  • #89,455
  • Apr 7, 2025 7:32am Apr 7, 2025 7:32am
Don't get too bullish guys. This looks like a bear flag. 147.5 is where I am watching. already had what looks like a rejection candle on the 4hr.
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Don't compare your trades to others. Most often the masses are the asses
  • #89,456
  • Apr 7, 2025 7:33am Apr 7, 2025 7:33am
Quoting ThaoAnh
{quote} {image}
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  • #89,457
  • Apr 7, 2025 9:12am Apr 7, 2025 9:12am
Quoting OBsayMkMoney
Don't get too bullish guys. This looks like a bear flag. 147.5 is where I am watching. already had what looks like a rejection candle on the 4hr. {image} {image}
To my way of thinking this shows the problem why we really cannot help
Lecedric with his trading
We all have developed our OWN WAY perhaps even a favourite pair and Time-Frame
but above all Trade EXPECTATION of pips
Some my trade off a Daily with a minimum EXPECTATION of 100 pips
Some my trade off a 4 Hr with a minimum EXPECTATION of 50 pips
Some may perhaps trade off any time frame looking for 10/20 pips
IMO this is were the Broker as the edge over us
by giving us far too many time frames to chose from
eg
Suppose we were ONLY able to trade from a Daily time frame and we all
had our OWN WAY and posted our thoughts to see if there is a confluence of direction amongst our many OWN WAYS
would that lend more credibility to our decision to take the trade
  • #89,458
  • Apr 7, 2025 9:14am Apr 7, 2025 9:14am
Quoting ThaoAnh
{quote} {image}
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  • #89,459
  • Apr 7, 2025 9:17am Apr 7, 2025 9:17am
price is on its way to 148.2 ... i closed last night for like 20 bucks .. i wanted to stay out and see where price would go and when compared to when and where i thought. today lets me know that i can be lucky but only if you are in the market. i use to be upset and just get in now .. but i want to soak it in understand that there are more oppurtunity. and maybe on my "Spiraling moments" i can actually set a stop and quit for the day / week and come back when im more in tune with market. i can be mad right now or i can look at it a different way remember that way and act on it with a lil more confidence. hearing someone talk about 143 ... its going to make me look at it ... 2 bias at once.. =-1000
  • #89,460
  • Apr 7, 2025 9:21am Apr 7, 2025 9:21am
Quoting ThaoAnh
{quote} {image}
Your OWN WAY looks very good
TBH not got a clue how you arrive at your Trade decision
But we have some confluence
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