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USD/JPY Discussion

  • #3,641
  • Aug 21, 2007 1:12am Aug 21, 2007 1:12am
Quoting baron193
Don't confuse a correction of the trend as a trend itself....
There's a little way to go before this correction becomes a trend change....savvy?
Here's me wandering...what am i doing here?
LOL... Where's Trader KGB?
  • #3,642
  • Aug 21, 2007 1:14am Aug 21, 2007 1:14am
Quoting baron193
Don't confuse a correction of the trend as a trend itself....
There's a little way to go before this correction becomes a trend change....savvy?
Here's me wandering...what am i doing here?
I don't know , what are you doing here...besides pissing people off. I can hear the tone in your typing. Do you know what intraday trading is? Has nothing to do with the daily candle trend.

  • #3,643
  • Aug 21, 2007 1:26am Aug 21, 2007 1:26am
Right now... I believe trip to 114.68 (Pivot) seems inevitable.
Chances favour the prepared.
  • #3,644
  • Aug 21, 2007 1:31am Aug 21, 2007 1:31am
Attached Image (click to enlarge)
Click to Enlarge Name: djpy.jpg Size: 34 KB

Daily not important to intra day traders, really?
Sure there might be some 30 sec. scalpers that won't find any use...
Trend lines drawn on daily trends are very important, daily candles themselves are important...
If you are trading hourly 30 min's or even 15 min's they are important, certainly very important if you are trading 2hr or 4 hr charts....
Do you see anything on the chart...don't say it's a hammer...it's a lot more than that, in it's simplicity.
Whatever the case, you are right i'm pissing people off, so, goodbye.
Biggest joker
  • #3,645
  • Aug 21, 2007 1:38am Aug 21, 2007 1:38am
Quoting trader07
LOL... Where's Trader KGB?
I'm always here. No trades since earlier, been busy.

So much negativity Lighten up everybody!
  • #3,646
  • Aug 21, 2007 1:40am Aug 21, 2007 1:40am
Quoting baron193
As i said earlier i'm only new to this thread, and his reply may have been meant for me or the other guy or both... to attack someones ability to trade, without really, an idea of how they arrived at their analysis, or to just assume, that, your way is the only way to trade, and everyone elses way is wrong is in my opinion, inmmature.
Maybe it was to me? lol.. dude, nothing personal just stay around, forums are all about sharing and learning. I do agree with you that there should not be any attach on anyone's ability to trade, regardless of the style and method behind.
  • #3,647
  • Aug 21, 2007 1:42am Aug 21, 2007 1:42am
Right now... based on my reading...
3, 5, 20 & 30 min charts have turned down.
1H is still holding... but watch for the 114.40-30 breech...

My 2 cents
Chances favour the prepared.
  • #3,648
  • Aug 21, 2007 1:48am Aug 21, 2007 1:48am
Quoting jasonowl
Right now... I believe trip to 114.68 (Pivot) seems inevitable.
Looks like thats done and dusted and holding below now.

Who's on for a trip to S1, 113.88 as I have it?

Oh, and lighten up and chill out everyone.

Smile. We're traders.



G-Man
  • #3,649
  • Aug 21, 2007 1:54am Aug 21, 2007 1:54am
In from 114.87 to S1, I got 113.85 somehow tho.
FUBAR...
  • #3,650
  • Aug 21, 2007 1:59am Aug 21, 2007 1:59am
Ha.. I bailed a bit too early (Met profit target... moreover last week didn't work out too good for me *sniff sniff*)

... looking for re-entry thou...

Quoting G-Man
Looks like thats done and dusted and holding below now.

Who's on for a trip to S1, 113.88 as I have it?

Oh, and lighten up and chill out everyone.

Smile. We're traders.



G-Man
Chances favour the prepared.
  • #3,651
  • Aug 21, 2007 2:00am Aug 21, 2007 2:00am
after being whipsawed yesterday...
Tip: Do not trade when you are tired.

lol..

back in the game with 66 pips with a short from 115.16
take profit at 114.50

need to work hard for my pips..
  • #3,652
  • Aug 21, 2007 2:05am Aug 21, 2007 2:05am
Quoting G-Man
Looks like thats done and dusted and holding below now.

Who's on for a trip to S1, 113.88 as I have it?

Oh, and lighten up and chill out everyone.

Smile. We're traders.



G-Man
Im short at 114.75. Hoping for it to test 114.00 .
"Don't work for your money, but let money work for you."
  • #3,653
  • Aug 21, 2007 2:25am Aug 21, 2007 2:25am
Quoting chady250
Im short at 114.75. Hoping for it to test 114.00 .
possible if we see a sustained break past 114.20 support
  • #3,654
  • Aug 21, 2007 2:37am Aug 21, 2007 2:37am
Still some fighting in the 50% mark of the Pivot & S1.
But seems like the S1 is a stronger magnet this time.
Chances favour the prepared.
  • #3,655
  • Aug 21, 2007 2:53am Aug 21, 2007 2:53am
Trend is still down.
Tells me that its still in Retracement mode..

But then again.. what do I know...
Chances favour the prepared.
  • #3,656
  • Aug 21, 2007 2:54am Aug 21, 2007 2:54am
82 pips on G/J, stoppped out at 81 total on U/J, anyone still in for the ride back down to S1?
FUBAR...
  • #3,657
  • Aug 21, 2007 3:15am Aug 21, 2007 3:15am
i'm most probably wrong =) but i'm looking at a retracement back to 114.67-77
..baring any nonsense statement from us or the fed.. before a trip down to
test 113.11 after NY opens.
  • #3,658
  • Aug 21, 2007 3:21am Aug 21, 2007 3:21am
Trend 3min Chart "turned up", others still down.
Gotta wait it out...
Chances favour the prepared.
  • #3,659
  • Aug 21, 2007 3:23am Aug 21, 2007 3:23am
back in on the retrace, but took my 4 pips and will wait for whatever...
FUBAR...
  • #3,660
  • Aug 21, 2007 3:27am Aug 21, 2007 3:27am
Quoting jasonowl
Trend 3min Chart "turned up", others still down.
Gotta wait it out...
I'm looking at the stochastic and it looks converging and a tad bit oversold then again. i'm no nostradamus..:
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