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USD/JPY Discussion

  • #15,501
  • May 17, 2010 4:53am May 17, 2010 4:53am
Quoting Usdjpy
The ideal scenario is a pullback to 90.xx level then an upswing to 95.xx/96.xx level. I'm still waiting for the day candle to form to confirm this.
I'll buy heavily at 90.xx area with TP @ 95.xx and SL @ 50 pips
  • #15,502
  • Edited 7:42am May 17, 2010 6:35am | Edited 7:42am
Currently, range trading is in play.
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  • #15,503
  • May 17, 2010 8:09am May 17, 2010 8:09am
Watch the daily candle. A closing candle below 92.10 will start a short term bearish trend testing the lows of 91.xx and 90.xx levels. A closing candle above 93.40 will start a short term bullish trend testing 95.xx/96.xx levels.
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  • #15,504
  • May 17, 2010 8:20am May 17, 2010 8:20am
Quoting Usdjpy
Hi yeri, you may wanna TP your 92.13 and free some "bullets". Just my 2cents.
i allready set my TP, so i choose to let it flow with the market since i can not trade hourly, i'm a daily and weekly trader, so i dont want to left by any up trend so i let the TP take his part. anyway i will absolutely take your suggestion if i'm a hourly trader. anyway which leverage did you use and how much margin you put for 1 transaction if i may know it?
  • #15,505
  • May 17, 2010 8:46am May 17, 2010 8:46am
Quoting yeri
i allready set my TP, so i choose to let it flow with the market since i can not trade hourly, i'm a daily and weekly trader, so i dont want to left by any up trend so i let the TP take his part. anyway i will absolutely take your suggestion if i'm a hourly trader. anyway which leverage did you use and how much margin you put for 1 transaction if i may know it?
I'm currently trading with a few banks. Their leverage are all 100:1. I'm trading standard sized contracts of 100,000. Usually I will put 05 lots per trade. At good prices, I'll sometimes put up to 20 lots per trade. Yes I have a big account and I'm profitable.
  • #15,506
  • May 17, 2010 9:07am May 17, 2010 9:07am
Quoting Usdjpy
I'm currently trading with a few banks. Their leverage are all 100:1. I'm trading standard sized contracts of 100,000. Usually I will put 05 lots per trade. At good prices, I'll sometimes put up to 20 lots per trade. Yes I have a big account and I'm profitable.
I started trading 05 years ago with USD$10,000.00. Burnt 30% of it within the first year before making consistant profits thereafter.
  • #15,507
  • May 17, 2010 9:38am May 17, 2010 9:38am
Quoting Usdjpy
I started trading 05 years ago with USD$10,000.00. Burnt 30% of it within the first year before making consistant profits thereafter.
Wish I could do that... I seem to be just burning!

Wish you all the best!
  • #15,508
  • May 17, 2010 10:00pm May 17, 2010 10:00pm
Quoting Usdjpy
I started trading 05 years ago with USD$10,000.00. Burnt 30% of it within the first year before making consistant profits thereafter.
an interesting trading you do. and i believe you use a really good trading system. i just trade for 8 month and just make 20% profit. i start trading after i play simulation for 2 years and 6 month. and actually i plan to trade for the whole of my life. so hopefully i can survive like you survive for five years. my only hope is my risk and money management that i all ways use. so i hope this system can save me from this high risk investment.
  • #15,509
  • May 18, 2010 12:07am May 18, 2010 12:07am
Quoting yeri
an interesting trading you do. and i believe you use a really good trading system. i just trade for 8 month and just make 20% profit. i start trading after i play simulation for 2 years and 6 month. and actually i plan to trade for the whole of my life. so hopefully i can survive like you survive for five years. my only hope is my risk and money management that i all ways use. so i hope this system can save me from this high risk investment.
To be completely honest, there were months that I lost almost half of my big account. FX is a high risk investment. Yes, I survived 5 years! It's hardwork, luck plus miracle! Good luck to you too!
  • #15,510
  • Edited 12:29am May 18, 2010 12:13am | Edited 12:29am
It just refuses to form anything meaningful.
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  • #15,511
  • May 18, 2010 12:38am May 18, 2010 12:38am
It likes to whipsaw. Find a median price and enter long or short, both can make money (TP @ 20 to 30 pips) either way. I almost have no luck with other pairs.
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  • #15,512
  • May 18, 2010 1:34am May 18, 2010 1:34am
going somewhere .... ?
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  • #15,513
  • May 18, 2010 1:39am May 18, 2010 1:39am
Quoting TheArcher
going somewhere .... ?
A closing day candle below 92.10 or above 93.40 will be indicative of where this pair is going.
  • #15,514
  • May 18, 2010 2:05am May 18, 2010 2:05am
hi , i also trade usd/jpy, but right now, i jus wonder where is u/j will go. it's sideway a few weeks.
anyone have experience trading u/j using martingale strategy? thanks very much for your information
  • #15,515
  • May 18, 2010 2:09am May 18, 2010 2:09am
Quoting Usdjpy
I started trading 05 years ago with USD$10,000.00. Burnt 30% of it within the first year before making consistant profits thereafter.
wow it's amazing. do you just trade u/j pair? so do you trade martingale with this pair? thank you very much for sharing. wish u all the best
  • #15,516
  • May 18, 2010 2:15am May 18, 2010 2:15am
Quoting Usdjpy
It likes to whipsaw. Find a median price and enter long or short, both can make money (TP @ 20 to 30 pips) either way. I almost have no luck with other pairs.
interesting .... ur daily chart candles look different from mine

(ur charts looked neater .. so changed my colours for the fun of it .. )

released the arrow for +20 pips ..... lets see if it hits the bullseye ...
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  • #15,517
  • May 18, 2010 2:19am May 18, 2010 2:19am
bullseye!

+ 20pips
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  • #15,518
  • May 18, 2010 2:27am May 18, 2010 2:27am
Quoting ronald_fsm
wow it's amazing. do you just trade u/j pair? so do you trade martingale with this pair? thank you very much for sharing. wish u all the best
Nope. I don't use martingale. Yes, I trade almost entirely USDJPY.
  • #15,519
  • May 18, 2010 2:29am May 18, 2010 2:29am
Quoting TheArcher
bullseye!

+ 20pips
Glad that u like this simple system.
  • #15,520
  • Edited 3:13am May 18, 2010 2:56am | Edited 3:13am
thinking .....
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