usd/jpy heading lower | Forex Factory

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usd/jpy heading lower

  • #1
  • First Post: Jan 3, 2007 1:17pm Jan 3, 2007 1:17pm
could we see the dollar heading lower by tonite? yeasterday i made some confortable profit on the gbp/usd. over 130 pips. now im interested on selling the usd/jpy back towards 119.00.

what do you think
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #2
  • Jan 3, 2007 1:25pm Jan 3, 2007 1:25pm
Quoting got pips?
could we see the dollar heading lower by tonite? yeasterday i made some confortable profit on the gbp/usd. over 130 pips. now im interested on selling the usd/jpy back towards 119.00.

what do you think
I am just curious, why would you be focusing on usd/jpy if you made pips on gbp/usd? The usd/jpy has that JPY factor which always kinda fights the shorts. That is just my opinion, I would continue to look at gbp or eur or chf USD pairs if that is what works for you.

Congrats on the pips
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #3
  • Jan 3, 2007 1:41pm Jan 3, 2007 1:41pm
i like trading the usd/jpy because is kind of complicated to trade. usually like a challenge and my system is telling me to sell now. could i be wrong i entered at 119.54
got a sl at 119.85
tg1 119.00
tg2 118.75
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #4
  • Jan 3, 2007 3:57pm Jan 3, 2007 3:57pm
Quoting got pips?
i like trading the usd/jpy because is kind of complicated to trade. usually like a challenge and my system is telling me to sell now. could i be wrong i entered at 119.54
got a sl at 119.85
tg1 119.00
tg2 118.75
Can I ask you why do you like a challenge in trading? I thought the point why we trade is to find the most obvious trade or, in other words, to find the best available trade with high probability odds.

Anyway, good luck for your trading.
"Even the word impossible says that I M possible"
  • #5
  • Jan 3, 2007 9:46pm Jan 3, 2007 9:46pm
I like the challenge of being on the money. when i make a trading decision i like to be right....im not right all the time but most of the time i get good results from my trading decisions...is like the challenge of setting up your plan then executing it...and seeing the results.afterward.
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #6
  • Jan 3, 2007 10:23pm Jan 3, 2007 10:23pm
Hi GotPips,

I’m curious to see what you think about the USD/JPY. Try and post a chart with your thoughts and why you would take the trade. Maybe we can all learn something off you

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Happy Trading!
  • #7
  • Jan 3, 2007 10:34pm Jan 3, 2007 10:34pm
i will create a report on my system...will probably post it 2morrow....it is very simple.
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #8
  • Jan 4, 2007 10:57pm Jan 4, 2007 10:57pm
feels good when your targets are met right?
well lets keep making money shall we?
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #9
  • Jan 18, 2007 9:52am Jan 18, 2007 9:52am
Hi can you please share your trades strategey on this pair, I had shorted it , and still repenting, as I had just started trading live mini accounts , with all my capital wiped off.
Thanks in advance
  • #10
  • Last Post: Jan 18, 2007 10:08am Jan 18, 2007 10:08am
Yen have big problems...
Political pressure to not increase the interest rate,
The news of not increase interest rate was on TV before the official annoucement,
Credibility of BOJ (especialy Toshihiko Fukui ) is down as never...

next objective for usdjpy (medium term) = 125.00

so take care and happy trading.
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