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USD/JPY Discussion

  • #14,881
  • Feb 14, 2010 7:16pm Feb 14, 2010 7:16pm
Quoting macher
Why do U think the pair can go just 30-40 pips, can U look wider... it can go to 92,... even 93, what u think?
...this pair only moves around 100pips a day on average...I would have to have a pretty good reason to go for more then that on a day trade...I think the down trend on the daily could take over before moving up that high...you can see on the 30min chart I posted the trend has been reversing from the white line area of resistance regularly since the 5th... around 30-40 pips is enough for me
  • #14,882
  • Feb 14, 2010 7:26pm Feb 14, 2010 7:26pm
U have right but if U want to earn 30 pips U shoud put SL -10, the pair can put U out in few minutes! so I think is earn more always play 1:3 loss.however All of us trade like they like, the reasons are different to go in and out but we all have one reason to trade - money))
  • #14,883
  • Feb 15, 2010 12:07am Feb 15, 2010 12:07am
im short with a tp @ 89.60 and a stop loss @ 90.41 her my chart I use candlestick formations for trading..
Attached Image (click to enlarge)
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  • #14,884
  • Feb 15, 2010 2:51am Feb 15, 2010 2:51am
Quoting Kas1
...this pair only moves around 100pips a day on average...I would have to have a pretty good reason to go for more then that on a day trade...I think the down trend on the daily could take over before moving up that high...you can see on the 30min chart I posted the trend has been reversing from the white line area of resistance regularly since the 5th... around 30-40 pips is enough for me
same thoughts
  • #14,885
  • Feb 15, 2010 5:51am Feb 15, 2010 5:51am
hi, this my daily chart

Attached Image (click to enlarge)
Click to Enlarge Name: forex.gif Size: 17 KB


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Fibonacci Projection guide

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  • #14,886
  • Feb 15, 2010 4:57pm Feb 15, 2010 4:57pm
Quoting Kas1
...trend is up near term to me...mite go long in highlighted area and take profit around white line resistance...
...drop into buy zone
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 23 KB
  • #14,887
  • Feb 16, 2010 3:43am Feb 16, 2010 3:43am
i just took 30 pips very slow movement!!
  • #14,888
  • Feb 16, 2010 5:37pm Feb 16, 2010 5:37pm
yes it really move slow, i dont what the market is waiting for, i believe there is something that make the big money on the market wait. can anyone have a clue about this?
  • #14,889
  • Feb 17, 2010 10:05am Feb 17, 2010 10:05am
http://i49.tinypic.com/netekm.jpg
  • #14,890
  • Feb 17, 2010 10:08am Feb 17, 2010 10:08am
Explosion- usd/jpy exploded to upside

massive bullishness.
  • #14,891
  • Feb 17, 2010 10:15am Feb 17, 2010 10:15am
Quoting kingfisher
Explosion- usd/jpy exploded to upside

massive bullishness.
why do u say that ?

(i'm now back at selling price 90.84 )
  • #14,892
  • Feb 17, 2010 10:20am Feb 17, 2010 10:20am
Quoting TheArcher
why do u say that ?

(i'm now back at selling price 90.84 )
He's trying to trade while standing on his head and forgot to turn the monitor too.
  • #14,893
  • Edited 10:52am Feb 17, 2010 10:27am | Edited 10:52am
Some levels to consider if bearish turn continues back below 90.5x...
(short from aqua Quarter Pivot at 91.10 (91.08 actual))

Attached Image
FUBAR...
  • #14,894
  • Feb 17, 2010 10:37am Feb 17, 2010 10:37am
Quoting siko
He's trying to trade while standing on his head and forgot to turn the monitor too.
No worries... I've done that before as well... http://www.forexfactory.com/showthread.php?p=2098369

Attached Image
FUBAR...
  • #14,895
  • Feb 17, 2010 10:38am Feb 17, 2010 10:38am
Quoting ak4x
Some levels to consider if bearish turn continues back below 90.5x...
(short from aqua Quarter Pivot at 91.10 (91.08 actual))
is this an hourly chart ... ?

WOW ! 5490 posts !!!
  • #14,896
  • Feb 17, 2010 10:51am Feb 17, 2010 10:51am
Quoting TheArcher
is this an hourly chart ... ?
No.. check the post subtitle- 8 hr. I see that I screwed up the chart text tho so my bad... kinda confusing

I fixed it... I would exit on much shorter TF's than an 8h... that was simply meant to give something longer than a 4hr and shorter than a Daily to see a different perspective on PA

ADD: BTW... on long TF's I never look at S/R lines as thin 1-3 pips wide things but Zones that could easily be 10-40 pips wide or more... depending on things happening at the time they get "hit"... strength of the move, market intentions up to that point, etc. Lot's to consider.

Razor thin Lines on long TF's will get you bit quicker than anything...
FUBAR...
  • #14,897
  • Feb 17, 2010 11:12am Feb 17, 2010 11:12am
http://i48.tinypic.com/4pvy4o.jpg

its getting late ..... may take the best or even zero pips and close the demo trade ...
  • #14,898
  • Feb 17, 2010 11:50am Feb 17, 2010 11:50am
http://i49.tinypic.com/11bkeop.jpg


ok ... time to hit the sack .... closed demo trade for +6 pips .... FOMC in slightly more one hours time .... market will be very subdued until then ...

gain +6 pips
  • #14,899
  • Feb 17, 2010 11:21pm Feb 17, 2010 11:21pm
http://i45.tinypic.com/n3q42b.jpg

or going into a range .. ?
  • #14,900
  • Feb 17, 2010 11:25pm Feb 17, 2010 11:25pm
Long 90.95 TP 92.00
Buy limit 89.30
No Stop..
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