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USD/JPY Discussion

  • #24,301
  • May 27, 2011 10:40am May 27, 2011 10:40am
Hey guys, just went long yesterday at 81.50 but i have 850% margin level. Am I good for this break down and will it shoot up again?

Many Thanks
  • #24,302
  • May 27, 2011 11:10am May 27, 2011 11:10am
Quoting ArkianFX
Hey guys, just went long yesterday at 81.50 but i have 850% margin level. Am I good for this break down and will it shoot up again?

Many Thanks
No Personal advise but if i am in your position i would cut my SL already..as long u risk only 2% averagely its ok
  • #24,303
  • May 27, 2011 1:34pm May 27, 2011 1:34pm
Quoting Kas1
close to demand zone
dropped into demand zone, possible buyers around 8080...might still drop to 8030 area...need more to confirm move up
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  • #24,304
  • May 28, 2011 9:37am May 28, 2011 9:37am
I will be very careful with USD/JPY even if there is a short signal.

http://lcchong.files.wordpress.com/2011/05/image39.png
  • #24,305
  • May 29, 2011 9:20am May 29, 2011 9:20am
a 20 pips short can be easily achieved at the london session
  • #24,306
  • May 30, 2011 1:30am May 30, 2011 1:30am
Usd/Jpy This pair is on downtrend, retracement is at 81.10/20, break is to 81.50/60 while low is at 80.00(buy with blind eyes).
* The yen pairs are somehow more safe buying on dips than Chf pairs because intervention is prepared by BOJ at anytime of collapse near the 80.00 or little below levels.
  • #24,307
  • May 30, 2011 2:31pm May 30, 2011 2:31pm
us/uk holiday monday, not much movement...
  • #24,308
  • May 30, 2011 8:12pm May 30, 2011 8:12pm
the reason that this pair is still ranging is because the QE2 is still going and we are in the talk of a QE3 , thus the indecisive market ??? Speculators are still buying the dollar and selling of the Yen, unless the us economic starts to show recovery else we might see a further fall (but not too great). neverthless it is a good time to wait and see attitude.

http://media.dailyfx.com/illustratio...-18-07cot2.gif
  • #24,309
  • May 30, 2011 9:57pm May 30, 2011 9:57pm
Tadaa!!

81.40
  • #24,310
  • May 30, 2011 11:58pm May 30, 2011 11:58pm
what happened ? it is my yesterday's trades .
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A chart helps those who can read it.
  • #24,311
  • May 31, 2011 12:20am May 31, 2011 12:20am
nice pulse upwards...might buy from 8107
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  • #24,312
  • May 31, 2011 1:56am May 31, 2011 1:56am
Usd/Jpy This pair is still on daily chart downtrend despite trying to break above but must base above 81.50(crucial resistance) to achieve that targetting 81.90/00 then 82.20/30 must hold while low is at 80.00
  • #24,313
  • May 31, 2011 3:19am May 31, 2011 3:19am
how did u get 81.07 and the demand and supply zones ??

Quoting Kas1
nice pulse upwards...might buy from 8107
  • #24,314
  • May 31, 2011 5:35am May 31, 2011 5:35am
Quoting tankokjian
how did u get 81.07 and the demand and supply zones ??
high/low range of x bars divided in 4
  • #24,315
  • Jun 1, 2011 12:32pm Jun 1, 2011 12:32pm
in demand zone...possible buyers around 8105...might go long above there
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  • #24,316
  • Jun 1, 2011 10:33pm Jun 1, 2011 10:33pm
going in at 81.06 with SL at 81.00
  • #24,317
  • Jun 1, 2011 10:58pm Jun 1, 2011 10:58pm
Quoting Kas1
in demand zone...possible buyers around 8105...might go long above there
I went in heavy in the low 80.70's and made a killer trade that gave me more profit in 13 hours than I normally get in 1.5 week. In at 80.75, out at 81.25 with high leverage.
Same with an UY trade that I started last Friday and held over the weekend.
And in between same sort of killer trade with USD/CAD
Since Friday I made with 3 trades more than I normally make in a month.

I love the red trend line in the chart.

Happy trading.

Shamu
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  • #24,318
  • Jun 1, 2011 11:27pm Jun 1, 2011 11:27pm
Quoting tankokjian
going in at 81.06 with SL at 81.00
Your broker will be very happy with your trading style, I guess you have lots of s/l hits? That all goes to your brokers account, + the spread.
Less than 16 hours ago after ADP report the low was 80.64, so an s/l @ 81.00 does not make any sense. (Not only the 6 pips, but also YOU NEVER PUT A STOP AT A ROUND NUMBER LIKE 81.00. Round numbers are profit targets, never stops.
I don't use stops myself but a reasonable stop should have been 80.50 or so.
You are obviously in the beginner phase, and you can learn this game in 3 ways: The hard way (how you do it now), read a few good books, or you will never learn it.

Send me a PM if you want some reading advise.

Shamu
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  • #24,319
  • Jun 1, 2011 11:40pm Jun 1, 2011 11:40pm
Heading into the 9th month of bottom dwelling for this piece of shit pair.......how much longer?.......lol.......rhetorical question!
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  • #24,320
  • Jun 2, 2011 2:32am Jun 2, 2011 2:32am
Quoting realjumper
Heading into the 9th month of bottom dwelling for this piece of shit pair.......how much longer?.......lol.......rhetorical question!
Do you mean it will be the head or will go further down?
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