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USD/JPY Discussion

  • #91,681
  • Nov 5, 2025 1:33am Nov 5, 2025 1:33am
Quoting ThaoAnh
{image} {image} {image}
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  • #91,682
  • Nov 5, 2025 2:00am Nov 5, 2025 2:00am
Quoting FloridaMan
{quote} Risk management has saved me more than once. Half of the time, I can't pick a trade to save my life, so I learned to always start small 0.01, if the trade goes against me and "never comes back", I've only forfeited a couple of dollars. If it goes my direction and I have a target, I start stacking, but I look to be out of that trade, as soon as it hits my target. I hope this helps.
That’s literally our job in this. Manage risk. Find enough skin to put into the game that makes it worth it but doesn’t wake you up at night like those .4 I use to put on and try to not to look at the computer. Like how long do you think I really lasted ? Yes I’ve won more than I’ve made in a week at a shitty job but how sweaty was I pacing outside the house praying to just win once over leveraged ? My intuition was to get out and learn to trade but it’s just so easy to push a button. When Dave told me to take out my money and paper trade till I doubled my account twice I was defeated. I knew he was right. 7k account to start and I was at 5k at that time. My max loss for the year was 1000. If I didn’t listen to him I wouldn’t have anything to show for from that 5k and I’m sure of it. I was spiraling and the forum knew it and so did I. Idk if I’ll be able to make it to 7k profits on demo any time soon. But atleast I know the proper steps indeed to take to gain confidence to start back trading live.

thanks bro
  • #91,683
  • Nov 5, 2025 2:16am Nov 5, 2025 2:16am
Hello everyone! The USDJPY price broke the lower boundary of the previously formed triangle, moving down to the target I set in my previous forecast – the support level of 153.13. However, a resistance level of 153.68 has now emerged, and the price is trapped between them. Therefore, I'll be trading a breakout. If the price breaks above this resistance level of 153.68, the target for an upward movement could be the resistance level of 154.29. If the price breaks below the support level of 153.13, the target for a downward movement could be the support level of 152.15.

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  • #91,684
  • Nov 5, 2025 2:27am Nov 5, 2025 2:27am
Quoting ThaoAnh
{quote} {image}
Hey ThaoAnh, big fan of your work and dedication

But Ive had question for a long time now and I would like to know what you base on even when price action is clearly, say bullish to continue selling and every time you turn out to be right. I am a day trader and this information is maybe what I am missing to connect the dots.

This is an earnest request for guidance and not criticism
I use price action, Fibonacci retracement (could be that I draw them wrong) and S&R
  • #91,685
  • Nov 5, 2025 4:04am Nov 5, 2025 4:04am
Quoting Zeusfleeky
{quote} Hey ThaoAnh, big fan of your work and dedication But Ive had question for a long time now and I would like to know what you base on even when price action is clearly, say bullish to continue selling and every time you turn out to be right. I am a day trader and this information is maybe what I am missing to connect the dots. This is an earnest request for guidance and not criticism I use price action, Fibonacci retracement (could be that I draw them wrong) and S&R
I'm just lucky. I have a habit of looking back at candle number 3 (high-low), the closing price above - below confirms the current trend continues up-down-sideway.
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H4
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  • #91,686
  • Nov 5, 2025 4:16am Nov 5, 2025 4:16am
Quoting ThaoAnh
{quote} I'm just lucky. I have a habit of looking back at candle number 3 (high-low), the closing price above - below confirms the current trend continues up-down-sideway. {image} H4 {image}
I knew talking to you would help. Now I have added one new move to my arsene

Hope you continue to post till I get a hang of your luck and habit. Then I will become unstoppable
  • #91,687
  • Nov 5, 2025 4:58am Nov 5, 2025 4:58am
Quoting ThaoAnh
{quote} I'm just lucky. I have a habit of looking back at candle number 3 (high-low), the closing price above - below confirms the current trend continues up-down-sideway. {image} H4 {image}
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  • #91,688
  • Nov 5, 2025 5:06am Nov 5, 2025 5:06am
This is how I am tracking UJ. For now, the short-term downtrend is holding. I am expecting some volatility later today caused by the ADP and ISM reports. Depending on the extent of differences between the expectations and actual data, the upside breakout could go to 154.800 and to 152.200 on the down-side.
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  • #91,689
  • Nov 5, 2025 5:26am Nov 5, 2025 5:26am
Quoting ThaoAnh
{quote} I'm just lucky. I have a habit of looking back at candle number 3 (high-low), the closing price above - below confirms the current trend continues up-down-sideway. {image} H4 {image}
Indicator
Attached File(s)
File Type: mq4 3 Candles HiLo.mq4   6 KB | 227 downloads
  • #91,690
  • Nov 5, 2025 5:38am Nov 5, 2025 5:38am
Quoting ThaoAnh
{quote} Indicator {file}
You are cooler than you think
  • #91,691
  • Nov 5, 2025 6:53am Nov 5, 2025 6:53am
Quoting Zeusfleeky
{quote} You are cooler than you think
I'm only good at imitating. However, there are some screenshots that I can't imitate because they are beyond my understanding at the moment.
If you ask me why, what method, what rules...??? Then I can't answer. Because I don't follow any method. I read through the methods, if I understand, I remember.
If I have to follow a certain method, I can't.
After 1, 2 weeks... I see someone's screenshot that I like... so I imitate it, find the same setup. For me, it's a way of learning.
If I follow a certain method or system, it will be very restrictive for me and I will not have the motivation to research and learn.
  • #91,692
  • Nov 5, 2025 7:29am Nov 5, 2025 7:29am
Quoting ThaoAnh
{quote} I'm only good at imitating. However, there are some screenshots that I can't imitate because they are beyond my understanding at the moment. If you ask me why, what method, what rules...??? Then I can't answer. Because I don't follow any method. I read through the methods, if I understand, I remember. If I have to follow a certain method, I can't. After 1, 2 weeks... I see someone's screenshot that I like... so I imitate it, find the same setup. For me, it's a way of learning. If I follow a certain method or system, it will be very restrictive...
Been doing something almost similar to that for a while now, but problem is most of the charts people post I don't get their reasoning unless they share insights for example the angular lines guy. And then I end up not asking them because I'm scared..

Managed to pick myself up this once though and it paid off. Thank you
  • #91,693
  • Nov 5, 2025 7:52am Nov 5, 2025 7:52am
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looking to add somewhere at the 50% mark of this range or better but cannot break the highs.
  • #91,694
  • Edited 9:12am Nov 5, 2025 8:18am | Edited 9:12am
Quoting Lecedric
{image}looking to add somewhere at the 50% mark of this range or better but cannot break the highs.
I'd say we are going to the 161.8 and possibly further north, after a small pullback. If I were trading today 161.8 level would be my target, after the pullback. I think mt5 mobile has zigzag, try and draw your Fibonacci on them. That's how I do it.

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Update: You see what I'm saying, Snoop?

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Be kind and trade safe Y'all!
  • #91,695
  • Nov 5, 2025 8:34am Nov 5, 2025 8:34am
Quoting OAPDave
{quote} {image} {image}
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  • #91,696
  • Nov 5, 2025 8:39am Nov 5, 2025 8:39am
Quoting ThaoAnh
{quote} I'm just lucky. I have a habit of looking back at candle number 3 (high-low), the closing price above - below confirms the current trend continues up-down-sideway. {image} H4 {image}
In the next 2 days with NFP news
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  • #91,697
  • Nov 5, 2025 9:08am Nov 5, 2025 9:08am
Quoting FloridaMan
{quote} I'd say we are going to the 161.8 and possibly further north, after a small pullback. If I were trading today 161.8 level would be my target, after the pullback. I think mt5 mobile has zigzag, try and draw your Fibonacci on them. That's how I do it. {image}
man that monthly is forming beautifully….. I am not opposed to 161.8 at all. I need to learn not to be liquidity.
  • #91,698
  • Nov 5, 2025 9:48am Nov 5, 2025 9:48am
1H update from post 91680
Surely someone will have noticed that on the hourly chart EXACTLY 120 hours (AB) = 5 days have passed....the sixth day is underway and if the top is broken it goes to 7
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  • #91,699
  • Nov 5, 2025 10:12am Nov 5, 2025 10:12am
Quoting carbonmimeti
1H update from post 91680 Surely someone will have noticed that on the hourly chart EXACTLY 120 hours (AB) = 5 days have passed....the sixth day is underway and if the top is broken it goes to 7 {image}
that was great idea
Nice chart
Keep going and update it if you have time
A little beginner trader since 2006
  • #91,700
  • Nov 5, 2025 10:13am Nov 5, 2025 10:13am
Quoting ThaoAnh
{quote} In the next 2 days with NFP news {image} {image}
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