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USD/JPY Discussion

  • #21,801
  • Dec 6, 2010 10:07pm Dec 6, 2010 10:07pm
Quoting o0freaky0o
It just tested back the 82.52. let's see if it can hold and push it further down.
Pushed through .52 and retraced back to support, lets see if the support breaks. Good luck!
  • #21,802
  • Dec 6, 2010 10:21pm Dec 6, 2010 10:21pm
Quoting mrblu
What do you think of the very nice reversal right now?
Can't really pay it any notice at this stage. We'll have to see what London and USA bring later.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #21,803
  • Dec 7, 2010 12:03am Dec 7, 2010 12:03am
usd/jpy

http://kiprushov.files.wordpress.com...12/image18.png
  • #21,804
  • Dec 7, 2010 2:34am Dec 7, 2010 2:34am
Quoting mrblu
What do you think of the very nice reversal right now?
could be if 82.30 holds
D1:
Attached Image (click to enlarge)
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Don't be a hero. Don't have an ego. Always question yourself
  • #21,805
  • Dec 7, 2010 2:24pm Dec 7, 2010 2:24pm
Quoting Alki
Different targets.
Double top pattern realized. Retrace is actually 19 pips above 50% of last down move. If not reached 61.8%, we could expect second target 81.83.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #21,806
  • Dec 7, 2010 3:24pm Dec 7, 2010 3:24pm
Short from 83.55. Target 83.05. SL 83.80.
  • #21,807
  • Dec 7, 2010 3:33pm Dec 7, 2010 3:33pm
Quoting Fibo_trader
Short from 83.55. Target 83.05. SL 83.80.
Short also 83.50. Sl 83.75. Tp 82.10. Sl used is margin stop.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #21,808
  • Dec 7, 2010 6:39pm Dec 7, 2010 6:39pm
Quoting Alki
Short also 83.50. Sl 83.75. Tp 82.10. Sl used is margin stop.
What do you mean by margin stop?
Do you mean to say that your Margin Call is near 83.75?
  • #21,809
  • Dec 7, 2010 6:49pm Dec 7, 2010 6:49pm
Quoting BurgerKing
What do you mean by margin stop?
Do you mean to say that your Margin Call is near 83.75?
Yes, I was wondering the same thing....I hope not because that is a very dangerous game to play
Doing what you like is Freedom. Liking what you do is Happiness.
  • #21,810
  • Dec 7, 2010 8:10pm Dec 7, 2010 8:10pm
Quoting realjumper
Yes, I was wondering the same thing....I hope not because that is a very dangerous game to play
It looks like dangerous but when knowing how to use it, it's not more dangerous than simple and higher SL. In fact, some call it less orthodox SL. There are many conditions to use it: money management, different account with different brokers, risk amount per trade as from your total capital in different accounts, cost of The lot ..etc. This trade could close with loss because not very sure how much retrace it Will take, but margin call SL work better with tight SL. Double top prédiction i was right, support becomes résistance in EURUSD i was right. I work better with this SL: tight entry and huge reward compared to simple. Instead of 50 pips SL for example, 12 pips should be The maximum and 4 lots Instead of one. Trade of 50 pips risk asks minimum reward of 100pips (without pyramiding). In The same case it Will be 12 for 100 and for four lots, means for the same 50 pips risk, i could have (if trade was right) 400 pips out of pyramiding which has to follow same very restricted conditions for entry point. Hope i explained well.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #21,811
  • Dec 7, 2010 8:23pm Dec 7, 2010 8:23pm
Quoting Alki
It looks like dangerous but when knowing how to use it, it's not more dangerous than simple and higher SL. In fact, some call it less orthodox SL. There are many conditions to use it: money management, different account with different brokers, risk amount per trade as from your total capital in different accounts, cost of The lot ..etc. This trade could close with loss because not very sure how much retrace it Will take, but margin call SL work better with tight SL. Double top prédiction i was right, support becomes résistance in EURUSD i was right....
Thanks for the explanation.....I'm not sure that I understand properly though. Are you saying that this trade is either going to be a big win for you, or else a margin call?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #21,812
  • Dec 7, 2010 8:39pm Dec 7, 2010 8:39pm
Quoting Alki
Short also 83.50. Sl 83.75. Tp 82.10. Sl used is margin stop.

Deeply sorry...long at 83.20
The Market pays you to be disciplined
  • #21,813
  • Dec 7, 2010 8:50pm Dec 7, 2010 8:50pm
Quoting realjumper
Thanks for the explanation.....I'm not sure that I understand properly though. Are you saying that this trade is either going to be a big win for you, or else a margin call?
Nothing is sure in trading. If loss, it will be 25 pips per lot (Will be stopped by margin call) No need to put SL. if win, 140 pips per contract. I'm not so confident about this trade. If it's not closed before London session, then it could go to the wanted direction. This trade looks like little difficulté, even time beguin to be against to that trade. I Will see. Otherwise, i'll be out and wait for an other signal. Good rewards pays for some bad trades.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #21,814
  • Dec 7, 2010 8:51pm Dec 7, 2010 8:51pm
Quoting mima
Deeply sorry...long at 83.20
Good for you, but what TP and SL?
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #21,815
  • Dec 7, 2010 9:09pm Dec 7, 2010 9:09pm
I have no issue using Margin Call as a "hard SL".

The only issue I have is, if you did just that, it means, you are trading approximately 80% (or more) of the account's margin: ie, big lots for such an account.

Then again, so what.... I do that myself as well sometimes.

No negative/positive comment from here.. just wanted to understand what you meant.

cheers.
  • #21,816
  • Dec 7, 2010 9:12pm Dec 7, 2010 9:12pm
Quoting Alki
Good for you, but what TP and SL?
possible TP around 84.30 or so...Exit as soon as goes against my profit....40 pips locked ...no matter what happened now I am OK.
The Market pays you to be disciplined
  • #21,817
  • Dec 7, 2010 10:30pm Dec 7, 2010 10:30pm
Quoting Alki
Nothing is sure in trading. If loss, it will be 25 pips per lot (Will be stopped by margin call) No need to put SL. if win, 140 pips per contract. I'm not so confident about this trade. If it's not closed before London session, then it could go to the wanted direction. This trade looks like little difficulté, even time beguin to be against to that trade. I Will see. Otherwise, i'll be out and wait for an other signal. Good rewards pays for some bad trades.
Ok, thanks for clearing that up. Not sure that I would trade that way, but if that's what's comfortable for you, then that's great. Many of us have different methods, some may seem crazy to others but that's irrelevant. If it works for you, great!

Good luck
Doing what you like is Freedom. Liking what you do is Happiness.
  • #21,818
  • Dec 7, 2010 11:24pm Dec 7, 2010 11:24pm
Quoting Fibo_trader
Short from 83.55. Target 83.05. SL 83.80.
New SL at 84.30, one more short from 83.90 and both possition have TP 83.25. I didn plan that it will go so high, but I have plan B. =)
  • #21,819
  • Dec 8, 2010 12:32am Dec 8, 2010 12:32am
Quoting Fibo_trader
New SL at 84.30, one more short from 83.90 and both possition have TP 83.25. I didn plan that it will go so high, but I have plan B. =)
First and second trade (announced on FF) was ok. This third trade failed with 25 pips loss. For myself, i accept loss only upon my first plan and no removing it. TP could be removed. Out of UJ market to see new opportunity because it retraces 78.6% up to now before London open, even this level is between R1 weekly and R1 daily also.

Good trades for you.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #21,820
  • Dec 8, 2010 7:14am Dec 8, 2010 7:14am
Quoting Fibo_trader
New SL at 84.30, one more short from 83.90 and both possition have TP 83.25. I didn plan that it will go so high, but I have plan B. =)
Still short?
Little luck is forex water. Learn all Trading strategies, then forget them.
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