USD/JPY Discussion

Quoting Subdude

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At the risk of sounding like an idiot, here's my dilemma. I got in long at 116.11 and my broker's margining system seems broken at the moment; they have been showing the pair's market value at 116.145, thereby no liquidation has occurred (it would have if it were working). Now, I normally would have gotten out 20 pips ago, but keeping carry trade in mind and today's earlier levels - should I just ride it out so long as I have the "free money", or is there no chance of gaining from this position today?

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Quoting trader07

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Wouldn't they catch the error eventually? Also, have you tried logging out and then logging back in??? It might be your PC... If you do that and it's still the same hold the position it's going back up

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Quoting trader07

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Wouldn't they catch the error eventually? Also, have you tried logging out and then logging back in??? It might be your PC... If you do that and it's still the same hold the position it's going back up

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Quoting G-Man

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I've been short since 115.95 and adding on the way down according to my other indicators.

I mention 115.73 as it is a 50% level and there may be some retracement, but I think as far as Dove looks at it he only refers to them more after the target has been reached. i.e. price goes down to S1 then retraces, the halfway point back to the pivot could be a good target.

G-Man

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Quoting Subdude

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They send an email when they liquidate you - that hasn't happened yet, so I am assuming the position is still there.

Incidentally, it looks like the pair is about to break the downtrend. I'll keep my fingers crossed.

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Quoting southernmind

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I'm showing that price bounced perfectly off the 50% fib (115.50) between the daily and weekly pivot.

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Quoting southernmind

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I'm showing that price bounced perfectly off the 50% fib (115.50) between the daily and weekly pivot.

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Quoting Trader KGB

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Hope is not a trading strategy you want to employ, trust me. I would take this minor retrace as a chance to get out. Also, you should not be using your broker's margin call as a stop order..

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Quoting G-Man

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Yeah, trend has changed in my opinion.

Looking for longs at this point. Closed shorts for +20 +14 and stopped out at +5.

30 min chart showing very bullish candle pattern.

G-Man

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Quoting Subdude

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At the risk of sounding like an idiot, here's my dilemma. I got in long at 116.11 and my broker's margining system seems broken at the moment; they have been showing the pair's market value at 116.145, thereby no liquidation has occurred (it would have if it were working). Now, I normally would have gotten out 20 pips ago, but keeping carry trade in mind and today's earlier levels - should I just ride it out so long as I have the "free money", or is there no chance of gaining from this position today?

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Quoting Subdude

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Agreed on everything except for this being a minor retrace.

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Quoting kreeper_6

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what indicator gave you the idea of the trend changing?

I need help in being able to see this change, cuz I am/was looking for a short of the daily pivot...

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Quoting G-Man

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Personally I think what you use to do this needs to be reviewed on a constant basis to adapt to what the markets are doing and what 'state' they are in.

I have found that a 30 minute 8 period HMA is providing a good indication currently when using Doves ideas.

G-Man

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Quoting bocanti

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just enter short at 115.75 with target 115.4

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