USD/JPY Discussion

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im really interested too i sold at 80.00 and 80.20 .. and looking for 79.50 -> 79.30 .. if you remember last intervention .. near 82.00 was top and market went down to 80.50 I think big boys will enjoy this game, because they can use big leverage with hedge funds to get what they want its like playing chess

it will climb up again after NFP.

i know how you feel. i was in a bad situation last night. my short positions i had open for quite some time which i was compounding, all profits got erased within seconds. the market went aganst me by - 130 pips within seconds. never gave me a chance to close my positions.

very painfull indeed. had to dig deep to close half the losing positions. my philosophy is to never let a losing position run on. also had to stay awake until early hours and managed to recover about 50 pips. i dont usually stay awake to trade at night. left a long position on before i went to bed for about 30 pips profit. today i have recovered about 20 pips so far.
so not too bad. about 30 more pips to recover then i would have recovered what i had lost in the boj fiasco. but i will probably have to leave it for another day as i have things to do outside.

uj is not something i trade actively. just that i opened a short position a while back which was doing well. i just check my position twice a day, and take additional high probability trades when required. but dont really day trade it actively. trading gold, stocks, mainly and sometimes eu, gu are my thing.

what position did you open your shorts at ? you need to cut your losses as soon as possible. wait to see which way the market is heading , you will know soon, check your charts. wait for the right setups. i panicked last night too. all you think of is trying to recover your losses as quickly as possible. but its best to wait. important thing now is for you to find a way of minimizing your losses.

Everybody surely would made a mistake But the most importantly is you needed to learn from the mistakes In order to be success..

Learn and Learn and Keep Fighting

my broker keeps on changing the spread from 1 pips to 3 pips every 6 seconds , greedy buggers !

Oanda ?

ok, i will give my final opinion before i go.

i think we should see a bounce to the upside albeit a brief one at around the 79.6 area. this area should hold for a while. if it crosses down below say to 79.5, then we could see a down move , a turn around of bullish activity to the short side.

this is just a short term opinion.

does anyone agree, disagree ?

no, its actually ig index believe it or not...

boj are still holding on the card else price would have fallen by now.

Big boys after lunch

well, i was right about the bounce up from around 79.6.

just grabbed 20 pips.

iam now done for the days.

see ya all...

happy trading.

Falling down again....who will win this tug-of-war?

Wait till Trichet shuts his mouth.

let us hope it rally down again , then we all can have a replay /.

Falling good. Boj sleeping???

lets fall to 76. all agree . Yes all agree. ok all agree.

To those who lose badly today like me.... dont give up, the hardest thing about trading is not to win but not to come back from falling.

You was shorting from lowest level? Not sound clever. Good luck with contra trades.

38.1% Fib retrace of move from 77 to 80.2 might serve as support at 79. BoJ would be stupid to allow it to fall further after spending all this money.

Edit: Oh well, that didn't hold. On to 78.6 for 50% fibo?