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USD/JPY Discussion 6 replies

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USD/JPY Discussion

chart contains : one fibo (light blue), two channels (blue,aqua), three support lines (red)

( hope this doesn't get cited in the "art works" thread ...)
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just 2 fibo on hourly chart
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will it break fibo 50 on daily and fibo74.6 on hourly .... or move down ?
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It better not get cited. Thank you for all of your charts Archer!

Donnie
just dabbling with ichimoku ... in the cloud ranging ..need to clear the cloud for uptrend ...... experts pls chip in ... 89.853 is the fibo50 on daily
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Valid as long as 88.5 holds
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Click to Enlarge Name: !.jpg Size: 114 KB
Do not waste time and capital on this pair, slow, uncertain and small margin.
Face both Win and Lose bravely
Quoting Cowboy11
Do not waste time and capital on this pair, slow, uncertain and small margin.
Forex is not a race. It is a marathon.

This is why traders who rush at forex ends up losing half their savings.
Quoting Cowboy11
Do not waste time and capital on this pair, slow, uncertain and small margin.
JPY pays 1.12 per pip when u trade againts GBP and USD the only higher than that is EUR/GBP pair...

or what did u mean by small margin?
Quoting kourtney
JPY pays 1.12 per pip when u trade againts GBP and USD the only higher than that is EUR/GBP pair...

or what did u mean by small margin?
The $1.12 per Pip has nothing to do with margin requirements.
I saw a report on TV saying that USDJPY is likely to go down to 87 in a near future.
Quoting kourtney
JPY pays 1.12 per pip when u trade againts GBP and USD the only higher than that is EUR/GBP pair...

or what did u mean by small margin?
Just compair the chart with EU, GU, GJ, EJ, CU, CJ. with the same time period, the yeild of others are much much higher.
Face both Win and Lose bravely
Quoting Cowboy11
Just compair the chart with EU, GU, GJ, EJ, CU, CJ. with the same time period, the yeild of others are much much higher.
...ppl will trade whatever pair they want
...short from 8911, 8867 target
Quoting Cowboy11
Do not waste time and capital on this pair, slow, uncertain and small margin.
I prefer to see it this way....

100 pips on 10k = 10 pips on 100k

And since usd/jpy moves slower it is a great pair to learn when you are starting out in forex. I know so many that have blown accounts trying to first learn the fast moving pairs.

So I think it is really a matter of personal choice. I prefer slow steady moves with a larger position.

But again it is up to you what you want to trade. I say try every pair at some stage!
Quoting Kas1
...short from 8911, 8867 target
trail stop triggered, locked in profit now
Quoting forexstrah
I prefer to see it this way....

100 pips on 10k = 10 pips on 100k

And since usd/jpy moves slower it is a great pair to learn when you are starting out in forex. I know so many that have blown accounts trying to first learn the fast moving pairs.

So I think it is really a matter of personal choice. I prefer slow steady moves with a larger position.

But again it is up to you what you want to trade. I say try every pair at some stage!
UJ is not all the while low momemtum, their low momemtum at this period of time is due to both currency are on the strong side. EG are both on the weak side.

Do not take my kind advice wrongly. One more advice, most (90%) of the winners on forex market use H1 and above TF chart. Think about the pro & con carefully, once you understand the reasons, it means that you are advancing by one step.
Face both Win and Lose bravely
Pretty strong 4hr divergence rsi...looking for a bounce from here.
Quoting sed34
its almost that time again. getting ready for another short on the daily. The setup might happen by thursday. My current trading history throughout last year and the current year. Pretty good haul so far. Risk reward always at least 1:2. Sometime 1:3

Attachment 425534 see a pattern?
trade update: shorted thursday Feb 25, 2010 at 90.122
Stop:91.79; risk 166 pips
target 334 [email protected].

so far +148 pips. I still might use 1:1 but candle patterns doesn't show a reversal yet so i'm still in this.

we'll see
Broke the range to the downside with a 1H close and tested a previous low. Looking back at this level it has never really spent a lot of time south of here. If it does break below 88.60 with some follow through it may open the way for a retest of 85? Time will tell.
This is what awesome feels like
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