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USD/JPY Discussion

  • #15,921
  • May 27, 2010 10:53pm May 27, 2010 10:53pm
Quoting Mary Silvert
88.xx and 89.xx (seems), is no longer part of our goals!

behind you......
there is no rule that u must catch the very bottom and ride up .... go with the flow ... if a trend is established .... go with the trend ... make trend ur friend ...

learn to read charts ... for starters ... read up the candlestick site as pointed out by Usdpy ... education is key .... no point crying ... no point relying on tips .. "learn to fish "
  • #15,922
  • May 27, 2010 10:59pm May 27, 2010 10:59pm
interesting development overnight ...

gently gently quietly quietly ...

will it ping off the trendline ...or break through the trendline (macd, histogram, stocs) ?

hope to be around when it happens ...

duty calls ....
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  • #15,923
  • May 27, 2010 11:12pm May 27, 2010 11:12pm
I too went short for this pair, taking my profit at the pivot piont
  • #15,924
  • May 27, 2010 11:20pm May 27, 2010 11:20pm
resistance : fibo 61.8%

is that a pin bar ... ?

shooting star ... ?

bearish ... ?
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  • #15,925
  • May 27, 2010 11:22pm May 27, 2010 11:22pm
exciting set-up ... but sadly ... need to go off ... sigh ...
  • #15,926
  • May 27, 2010 11:27pm May 27, 2010 11:27pm
Quoting TheArcher
there is no rule that u must catch the very bottom and ride up .... go with the flow ... if a trend is established .... go with the trend ... make trend ur friend ...

learn to read charts ... for starters ... read up the candlestick site as pointed out by Usdpy ... education is key .... no point crying ... no point relying on tips .. "learn to fish "
That's exactly right Archer......trying to catch a top or bottom is not an exact science, and you'll lose money trying for it Mary. If you DO catch a top or bottom, then it's usually more by good luck than good management. I would have liked to catch the move from the bottom of my H1 chart, but I missed the entry....so I took the next best trade (imo), which was 90.30.

There is a book you must read..you can buy it from amazon.com and it's not expensive: High Probability Trading by Marcel Link. Do buy the book, do learn candlestick formations, and do trade with the trend.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,927
  • May 27, 2010 11:29pm May 27, 2010 11:29pm
Quoting TheArcher
exciting set-up ... but sadly ... need to go off ... sigh ...
Yep, R1 is at 91.38......a good break there will see me add to my long
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,928
  • May 27, 2010 11:31pm May 27, 2010 11:31pm
MORE NEWS:
http://www.reuters.com/article/idUSTOE64R02V20100528
  • #15,929
  • May 28, 2010 2:18am May 28, 2010 2:18am
watching ....
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  • #15,930
  • May 28, 2010 2:58am May 28, 2010 2:58am
Mary, if you're intrested, I can post a couple of PDF files that you might find interesting and educational for FX trading. If you, or anyone else here, want's me to post them, just say so.

If we can help each other to take money from the banks, then it's all good!

Meantime, like Archer, I'm waiting.........
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,931
  • May 28, 2010 3:18am May 28, 2010 3:18am
Quoting realjumper

I can post a couple of PDF files that you might find interesting and educational for FX trading. If you, or anyone else here, want's me to post them, just say so.
would love to take a look at them !

can u post me , please . thank you .
  • #15,932
  • May 28, 2010 3:54am May 28, 2010 3:54am
Quoting TheArcher
would love to take a look at them !

can u post me , please . thank you .
Sure, here you go. Nothing 'earth shattering' but good to read every now and then to keep our heads in the right space and to remember that this fx business isn't that complicated.....we just choose to make it so, if we're not carefull!!!

Just realised that I can't upload the PDF's because one of them exceeds the size allowed by forexfaxtory. Send me a PM with your email address and I'll email them to you.....same goes for anyone else that would like them.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,933
  • May 28, 2010 3:56am May 28, 2010 3:56am
About to turn perhaps - the EA will probably exit the long around 91.

http://pcinternational.co.uk/wp-cont.../05/usdjpy.gif

Do not focus on making money; focus on protecting what you have.
  • #15,934
  • May 28, 2010 4:00am May 28, 2010 4:00am
Quoting Why Oh Why
About to turn perhaps - the EA will probably exit the long around 91.


It's having trouble getting past R1 @ 91.38....not sure which way it will go. If you exit at 91, that would make a nice trade you have there
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,935
  • May 28, 2010 4:14am May 28, 2010 4:14am
Quoting realjumper
It's having trouble getting past R1 @ 91.38....not sure which way it will go. If you exit at 91, that would make a nice trade you have there
Cheers mate. Have a great weekend.
Do not focus on making money; focus on protecting what you have.
  • #15,936
  • May 28, 2010 4:51am May 28, 2010 4:51am
Quoting realjumper
Sure, here you go. Nothing 'earth shattering' but good to read every now and then to keep our heads in the right space and to remember that this fx business isn't that complicated.....we just choose to make it so, if we're not carefull!!!

Just realised that I can't upload the PDF's because one of them exceeds the size allowed by forexfaxtory. Send me a PM with your email address and I'll email them to you.....same goes for anyone else that would like them.....
realjumper, that would be much appreciated, but I don't think I can PM yet. Is it OK to post my email address here?
  • #15,937
  • May 28, 2010 5:22am May 28, 2010 5:22am
Quoting realjumper
Mary, if you're intrested, I can post a couple of PDF files that you might find interesting and educational for FX trading. If you, or anyone else here, want's me to post them, just say so.

If we can help each other to take money from the banks, then it's all good!

Meantime, like Archer, I'm waiting.........
If you'd like to post the files I'd find them very interesting. Cheers, Lorna :-*
  • #15,938
  • May 28, 2010 7:24am May 28, 2010 7:24am
Quoting aerogrammer
realjumper, that would be much appreciated, but I don't think I can PM yet. Is it OK to post my email address here?
hi ,

i am in the same situation.Is there any other way to have this files ?

thanks.
  • #15,939
  • May 28, 2010 9:51am May 28, 2010 9:51am
is something wrong with MT4 ? doesn't refresh ... not live ... stuck at 0600hrs .

as contingency ... looking at live charts from fxcm.com
  • #15,940
  • May 28, 2010 10:02am May 28, 2010 10:02am
i am just doing a paper trade :

sell : 90.90
target : 90.70

(MT4 not working hence can't do demo )
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