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USD/JPY Discussion

  • #7,401
  • May 29, 2008 12:25pm May 29, 2008 12:25pm
Quoting imbiber
The report put out by the EIA is stating the drop in oil inventory is a result of delayed offloadings from crude oil tankers in the gulf.

That Is Another Reason to go beyond the headlines to find out the real facts behind the news release. It always happens as the experts or guessperts as I like to call them further analysize the report and put out new thoughts on it. The second look is usually much more accurate than the first news of the data. This can give you an edge if you can become aware of it like our Friend above just did. It explains why Oil resumed it's move down a little though there are other factors as well as Stops being Hit. Margin Calls. Taking of Profits. Intervention. Early PRE RELEASE of this DATA as they just stated now on CNBC.

Bruce
{Promotion Removed}
  • #7,402
  • May 29, 2008 12:29pm May 29, 2008 12:29pm
Cmon, where are all the other guys? Nobody will take the time to demo a little bit?
  • #7,403
  • May 29, 2008 12:29pm May 29, 2008 12:29pm
Closed my shorts and accepted my losses .... not a good time to go against the dollar right now .....
  • #7,404
  • May 29, 2008 12:33pm May 29, 2008 12:33pm
Bruce, you said:
"If it goes your way then lower your STOP to lock in at least 10 PIPS of Profit on each Position"

When do you move your first stop? After it has gained 25 do you move the stop to a +10 profit or is it some other number, or discretionary?

Thanks,

Ron.
  • #7,405
  • May 29, 2008 12:34pm May 29, 2008 12:34pm
Dont guess,
Just follow the trend...
Quoting Ron3226
Cmon, where are all the other guys? Nobody will take the time to demo a little bit?
  • #7,406
  • May 29, 2008 12:35pm May 29, 2008 12:35pm
Quoting Schminner
Closed my shorts and accepted my losses .... not a good time to go against the dollar right now .....
Perfect time to demo then, see what you might have made or lost.



Ron
  • #7,407
  • May 29, 2008 12:36pm May 29, 2008 12:36pm
Quoting Ron3226
Cmon, where are all the other guys? Nobody will take the time to demo a little bit?
Been demo'ing and following this thread since I saw Warren posting. So there's at least 1 other out there Day job hampers some of my trading and ability to post charts during the day
  • #7,408
  • May 29, 2008 12:41pm May 29, 2008 12:41pm
Quoting Ron3226
Cmon, where are all the other guys? Nobody will take the time to demo a little bit?

I'am in...
short 105.77, SL 106.05
sell stop 105.60, SL 105.85
Veni, vidi, vici...
  • #7,409
  • Edited 12:52pm May 29, 2008 12:44pm | Edited 12:52pm
Welcome aboard the demo train Agaden and Sikacek.

Let's see where it goes.

Ron
  • #7,410
  • May 29, 2008 12:45pm May 29, 2008 12:45pm
Quoting Ron3226
Perfect time to demo then, see what you might have made or lost.



Ron
Demo has no thrill nor excitement ...
  • #7,411
  • May 29, 2008 12:51pm May 29, 2008 12:51pm
Quoting Ron3226
Welcome aboard the demo train Agaden and Sikasek.

Let's see where it goes.

Ron
Sikasek sound sweet, but SIKACEK is better
Veni, vidi, vici...
  • #7,412
  • May 29, 2008 1:14pm May 29, 2008 1:14pm
Quoting Schminner
Closed my shorts and accepted my losses .... not a good time to go against the dollar right now .....
I dont accepted my losses yet :S

its now or never
Attached Image (click to enlarge)
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  • #7,413
  • May 29, 2008 1:52pm May 29, 2008 1:52pm
i agree with you, pepbullish
  • #7,414
  • May 29, 2008 2:06pm May 29, 2008 2:06pm
Quoting pepbullish
I dont accepted my losses yet :S

its now or never
Attachment
im with you pepbullish!! neither taking losses.. .. after more than 100 pips against my last short i'm placing another one and i will do it again and again if its necessary .. this pair will fall soon, as bruce said before "the worst is yet to come" we already know that this usd rally can't live much longer.
... /$ -> LONG
  • #7,415
  • May 29, 2008 2:19pm May 29, 2008 2:19pm
Quoting Ron3226
Bruce, you said:
"If it goes your way then lower your STOP to lock in at least 10 PIPS of Profit on each Position"

When do you move your first stop? After it has gained 25 do you move the stop to a +10 profit or is it some other number, or discretionary?

Thanks,

Ron.
Once You KNOW for sure that you have 10 PIPS profit on a outlay of $1000 from your funds of $50,000 Then getting 10 PIPS gives you a profit of $100 after of course you have covered the spread of 3 or so PIPS so you in effect have made 10% on your money perhaps in hours.

If you have not put your STOPS in yet, the Positions in profit by at least 10 PIPS put your STOP 10 PIPS above the current price. I see it is now 105.50 BID so put it in at 105.60

Let me know what and how you did. This is FUN, knowing how to trade and make money.


Bruce
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  • #7,416
  • May 29, 2008 2:25pm May 29, 2008 2:25pm
Quoting Schminner
Demo has no thrill nor excitement ...
I told you once before this is a real business. If you are in it for thrills and excitement you probably have a better chance to make money betting on some longshots in Horse Racing.

After you make 10% each and every month you can have all the excitement and thrills gambling away your hard worked for profits at the Casino.

I think I made my point with respect to both our ego's.

Just get with the program and once you have your confidence get back into the water if you so choose.


Bruce
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  • #7,417
  • Edited 2:34pm May 29, 2008 2:28pm | Edited 2:34pm
Quoting Warren Forex
Once You KNOW for sure that you have 10 PIPS profit on a outlay of $1000 from your funds of $50,000 Then getting 10 PIPS gives you a profit of $100 after of course you have covered the spread of 3 or so PIPS so you in effect have made 10% on your money perhaps in hours.

If you have not put your STOPS in yet, the Positions in profit by at least 10 PIPS put your STOP 10 PIPS above the current price. I see it is now 105.50 BID so put it in at 105.60

Let me know what and how you did. This is FUN, knowing how to trade and make money.


Bruce
On the demo account I placed the stop on the first order @ 105.75, (a +10 pip profit) once it was at +25 pips so it still had room to breathe. Currently the stop is still at 105.83 and set to trail every 10 with a 25 pip breathing gap. I hope that makes sense.
The 2nd position has made about 14 pips so far, stop has not been moved.

Demo currently showing about $400 profit so far.

Live position, locked in 10 pips, riding the wave down. So far so good.

Ron.
  • #7,418
  • May 29, 2008 2:29pm May 29, 2008 2:29pm
Quoting pepbullish
I dont accepted my losses yet :S

its now or never
Attachment
That Is Where CHARTS are VERY VERY HELPFUL ... Entry and Exit's

Good Trading...


Bruce
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  • #7,419
  • May 29, 2008 2:34pm May 29, 2008 2:34pm
Quoting Ron3226
On the demo account I placed the stop on the first order @ 105.83, (a +10 pip profit) once it was at +25 pips so it still had room to breathe. Currently the stop is still at 105.83 and set to trail every 10 with a 25 pip breathing gap. I hope that makes sense.
The 2nd position has made about 14 pips so far, stop has not been moved.

Live position, locked in 10 pips, riding the wave down. So far so good.

Ron.
The market can turn suddenly and especially with the last 30 minutes coming up in the Dow. You can never lose money taking profits. The position where you have at least 25 PIPS profit put your STOP 10 PIPS above the current price now at 103.52 BId or else you just might see your profits go away. 25% on your money in a few hours is great. You still have a second position at 105.69 I think and that is in the money now 15 PIPS or so.

Please reply so I know you understand me.

Bruce
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  • #7,420
  • May 29, 2008 2:37pm May 29, 2008 2:37pm
Quoting Warren Forex
Once You KNOW for sure that you have 10 PIPS profit on a outlay of $1000 from your funds of $50,000 Then getting 10 PIPS gives you a profit of $100 after of course you have covered the spread of 3 or so PIPS so you in effect have made 10% on your money perhaps in hours.

If you have not put your STOPS in yet, the Positions in profit by at least 10 PIPS put your STOP 10 PIPS above the current price. I see it is now 105.50 BID so put it in at 105.60

Let me know what and how you did. This is FUN, knowing how to trade and make money.


Bruce
Hi Bruce,

I am currentlly 22 pips plus, so I have to lock 10??
Veni, vidi, vici...
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