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USD/JPY Discussion

  • #6,661
  • May 16, 2008 1:54pm May 16, 2008 1:54pm
Quoting mtrmth
oh, siesta!!!! i guess we are in europe!!
europe is not spain. La tierra de la siesta es en la spaņa
  • #6,662
  • May 16, 2008 2:02pm May 16, 2008 2:02pm
Looks like it's trying to make a noble comeback before the closing ....
  • #6,663
  • May 16, 2008 2:12pm May 16, 2008 2:12pm
Un feliz fin de semana para todos, gracias por la ayuda y los consejos durante esta agitada semana
  • #6,664
  • May 16, 2008 3:04pm May 16, 2008 3:04pm
Oh damn, my long positions are going into red as the market closes ... well, at least I'll collect some interest from the swap ....
  • #6,665
  • May 16, 2008 3:06pm May 16, 2008 3:06pm
Quoting moonchild
Hello Zarni and Darkstar.

I hope that I am not intruding in what is essentially a private discussion. I am currently living in Alaska and the word up here is that a new oil field has just been proved whiich is in the Gulf of Mexico and is believed to be even larger than the Alaskan North Slope.

If this is actually correct, how would this affect your postulated future production levels for oil?

There is also the ANWR oil reserves which will presumably become available in the not too distant future, despite all the problems that BP is having with their leaking pipeline. Right now I would not like to own either BP or Veco stock. A fair bet would be that BP will have trouble getting developement rights in Alaska anytime in the near future

I was rereading these old posts. My analysis was proven right. In any case I am expecting oil to hit 200 in not too distant future (6m-2 years timeframe). Any alternative energy play and oil drillers are and have been good investments. I have been long energy since I started posting here. Oil has more than doubled in price since we started talking. I expect the naysayers will be finally convinced now albeit slightly late in the party.
  • #6,666
  • May 16, 2008 3:30pm May 16, 2008 3:30pm
A close below 104.00 is definitely a bearish signal for next week.
Patience + Humility + Study = Success
  • #6,667
  • May 16, 2008 4:46pm May 16, 2008 4:46pm
Quoting DutchTrader
A close below 104.00 is definitely a bearish signal for next week.
I love go down in this pair. Its my favourite pair and i trade it 99% of 100%. 1% its EURUSD

I am with you about strategy to next week. Last week or before EU come to close the week 1 pip above support, 1,5431, and monday and tuesday it up.
104,20 was a good moment to go short but i had fear.
  • #6,668
  • May 16, 2008 5:39pm May 16, 2008 5:39pm
The monthly candle is becoming utterly bearish.I really believe this is the way to penetrate the previous bottom.The next level would be under 92...then 80's and theeeeeeeeeeen 0.9
  • #6,669
  • May 16, 2008 5:59pm May 16, 2008 5:59pm
Quoting Küster
The monthly candle is becoming utterly bearish.I really believe this is the way to penetrate the previous bottom.The next level would be under 92...then 80's and theeeeeeeeeeen 0.9
There were also a few bullish UJ candles on the way down from 123 to 96. And the previous month's bullish candle, is no ordinary candle.
  • #6,670
  • May 17, 2008 7:15am May 17, 2008 7:15am
Quoting mtrmth
hey bruce, is that fundamental trading course in a different room???? where do i go to enroll??? learning to trade is an evolving thing, there is always something to learn, and i need to learn alot more!!! i am using a simple trading method doen by effilang, tried a couple of trades live, mostly demo money. i learned when to not go in on my demo accounts as i killed one account, but hey it was fake, and i learned a lesson, trade the signals!!! i just have to get my confidence back with some demo trades and then i will get back to live trades. not looking for huge pips right away, trading the shorter time frames, 15 and 30 tf, still need to study more on the longer tf, since they take all week to get a good feel for the proper signals. kinda pissed that i missed 10,000 pips with the trades i missed over the last 2 months, but i could have cost myself that much as well. i consider it a lesson learned.
Whatever knowledge I can share for the moment will be done through this USD/JPY thread.

In order to really learn properly I have suggested that anyone really serious in improving their FX trading results should open a Demo account with FXCM where I trade from. That way you can try the various things that you learn before using real money. Post on here when your account is open and then I can be more effective in helping you.

My immediate goal would be to try to get each Demo trader to earn 10% net profit each month of trading. I doubt you will ever get such a chance again. I am only doing this because I enjoy sharing my knowledge with others and it also helps me in my trading at times to write out my thoughts during the trading day and night.

I also get the opportunity to learn from some of you because we all have our different skills.

I like where USD/JPY closed at 104.04 so next week could be big. I will do plenty of reading on the weekend to be ready to start trading at 5:15 PM on Sunday.

Feedback and comments are always welcome.

Have a great Weekend.

Bruce
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  • #6,671
  • May 17, 2008 12:55pm May 17, 2008 12:55pm
May 17, 2008 1:45 PM

Please read and try to understand the information in the following links;

(1) http://www.financialsense.com/fsu/ed...2008/0516.html

(2) http://www.financialsense.com/editor...2008/0516.html

(3) http://www.financialsense.com/fsu/ed...2008/0516.html

It is really important for all of us posting on this thread to read the information. It can only improve your FX currency trading.

I am going to read all the articles now very carefully.

Questions and comments will be welcome. Please open your FXCM Demo account and pst once it is open so that we all can share in your progress.

Whoever has the best results at the end of June 2008 will get a 1ST Prize from me personally. I think to make it FUN the prize will be $100. It is not for the money that you should learn but for the future. You can give someone $100 but it is better to teach them how to earn the $1,000,000 on their own.

I hope Big Brown WINS the Preakness !!!

Bruce
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  • #6,672
  • May 17, 2008 2:42pm May 17, 2008 2:42pm
hmmm


I trade most Yen Crosses.. GBPJPY, CADJPY, USDJPY .. the others GBPCHF, USDCHF. Next week, i'm looking to Short the pairs and take small slices off the market with large leveragel No SL and TP!
  • #6,673
  • May 17, 2008 3:18pm May 17, 2008 3:18pm
Nice short shaping up IMO.
  • #6,674
  • May 17, 2008 3:24pm May 17, 2008 3:24pm
got my demo account opened bruce. that first article was spot on, though there was some info i was aware of. the only question i have is all of the subsidies that those govts have that sell oil, will that come back to bite them later on???? maybe not this year, but i am sure it will soon, as they are having issues witht their own economies.
  • #6,675
  • May 17, 2008 3:28pm May 17, 2008 3:28pm
Shorts are in play towards 102.66 we're atop the fibo level at 104.03
Patience + Humility + Study = Success
  • #6,676
  • May 17, 2008 3:30pm May 17, 2008 3:30pm
Quoting Warren Forex
May 17, 2008 1:45 PM

Please read and try to understand the information in the following links;

(1) http://www.financialsense.com/fsu/ed...2008/0516.html

(2) http://www.financialsense.com/editor...2008/0516.html

(3) http://www.financialsense.com/fsu/ed...2008/0516.html

It is really important for all of us posting on this thread to read the information. It can only improve your FX currency trading.

I am going to read all the articles now very carefully.

Questions and comments will be welcome. Please open your FXCM Demo account and pst once it is open so that we all can share in your progress.

Whoever has the best results at the end of June 2008 will get a 1ST Prize from me personally. I think to make it FUN the prize will be $100. It is not for the money that you should learn but for the future. You can give someone $100 but it is better to teach them how to earn the $1,000,000 on their own.

I hope Big Brown WINS the Preakness !!!

Bruce
Thanks Warren, very insightful. I would like to join your group to trade together with but I already have 3 charting platforms running and would be hard for me to run another one as the computer starts groaning under the load. And I have only one computer. Let whoever wins the $100 enjoy it but Im more interested in learning from you rather than winning the money. It would be great if we could all come together on Skype as it archives chats on a server and others can catch up on the goings on in the chat room if they have to be away from the computer for any reason.

Regards,
GSG.
  • #6,677
  • May 17, 2008 5:10pm May 17, 2008 5:10pm
interesting articles Warren....
but scary...
now I can't sleep today.
thanks
  • #6,678
  • May 17, 2008 5:34pm May 17, 2008 5:34pm
May 17, 2008 6:25 PM

Life Is Good - What A Class Act - On To The Belmont In 3 Weeks...

First Triple Crown Winner In 30 Years - Amazing Race - Amazing Story

Lesson In Life...

NEVER NEVER NEVER GIVE UP

Winners Do Not Quit And Quitters Do Not Win

An Amazing Horse - Big Brown - G-D Bless WINNER BY 5 1/4


Bruce
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  • #6,679
  • May 17, 2008 7:30pm May 17, 2008 7:30pm
Quoting Warren Forex
May 17, 2008 6:25 PM

Life Is Good - What A Class Act - On To The Belmont In 3 Weeks...

First Triple Crown Winner In 30 Years - Amazing Race - Amazing Story

Lesson In Life...

NEVER NEVER NEVER GIVE UP

Winners Do Not Quit And Quitters Do Not Win

An Amazing Horse - Big Brown - G-D Bless WINNER BY 5 1/4


Bruce
If you ever forget who Bruce Warren Margolese is you can look back at his history on Oanda: http://www2.oanda.com/cgi-bin/msgboa...;f=16;t=007093

Here's another inspirational quote for you Bruce: If he is so successful then why can't he pay his rent?????
Martian
  • #6,680
  • May 17, 2008 9:06pm May 17, 2008 9:06pm
Quoting Martian
If you ever forget who Bruce Warren Margolese is you can look back at his history on Oanda: http://www2.oanda.com/cgi-bin/msgboa...;f=16;t=007093

Here's another inspirational quote for you Bruce: If he is so successful then why can't he pay his rent?????
Martian
Folks this Man is a slime that shortly will be receiving the shock of his life. His type is not welcome here and I hope the administrators of Forex Factory will ban him from posting here on personal matters that have no relevancy to currency trading.

I will have no more comments about this poster or his evil gossip and venom.

Thank G-D for the choice to choose through our FREE WILL between GOOD and Evil...

What exactly was your purpose for posting here , Martian ? Time to return to Venus as you are not welcome here unless you follow the rules concerning no personal attacks on people regardless of your sick motives. There are laws in Canada and Quebec that you will soon learn of the hard way.

Bruce
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