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USD/JPY Discussion

  • #27,041
  • Sep 12, 2011 9:01pm Sep 12, 2011 9:01pm
the longer one hogs the trade the harder for him to get out. trade like a robot without having love for the money is the best management i can say, i am really trying to learn that.

Quoting realjumper
Indeed there are, and I agree with you up to a point. However, what the poster was saying that started this discussion off was that he thought it was good to go long at these level for a "20 or 30 pips"......with no SL.....because "BOJ will step in by 75". Excuse me, but "20 or 30" pips gain, for a possible 200+ drawdown is not the sign of a long term trader. It is also not indicative of a sensible trader. It is indicative of a gambler. Now he is trying to muddy the water by saying that he is a long term trader and as such, this type of drawdown...
  • #27,042
  • Sep 12, 2011 9:02pm Sep 12, 2011 9:02pm
Quoting tankokjian
it takes a psychic ball to really know what BOJ is going to do anything next. Next we look into the EU and USA , some say they are doom for sure while others like to quote from history books.
i have stopped having any personal opinion or biased towards any side of the story, i have decided to throw away my emotions and continue gump trading based on the PA so i will be at the ride side of the field when something happens.
Precisely......trade what you see despite the rumors, not because of them
Doing what you like is Freedom. Liking what you do is Happiness.
  • #27,043
  • Sep 12, 2011 10:27pm Sep 12, 2011 10:27pm
on my chart ,76.94 is the support level. try to long again .and sl @76.90
Attached Image (click to enlarge)
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A chart helps those who can read it.
  • #27,044
  • Sep 12, 2011 11:30pm Sep 12, 2011 11:30pm
Quoting geniusztc
on my chart ,76.94 is the support level. try to long again .and sl @76.90
It has been moving in the lower end of the small upward channel last few days, not able to reach the high end of it. Looking very weak to me.

Short seems more appropriate than long.
  • #27,045
  • Sep 13, 2011 12:20am Sep 13, 2011 12:20am
You are still not getting my point right or maybe I am not making it more clear for you. So I'll clarify my view once and forever.

You are picturing my view as if I wait for each trade to go into drawdown 200 or more pips before gaining big pips, or buying then waiting for intervention. That is totally wrong.

Do you remember past month how many times Euro/Jpy & Gbp/Jpy pairs reached to 108-109 & 124- 125 respectively for many times and spiked above 100 to 150 pips in few minutes if not seconds before retracing downward again??

At 1 day as I remember they did it 3 or 4 times and it was a super profitable quick pips gains for my account.

My view is that it is more safe to buy yen pairs then any other pair at current price levels because you'll be trading with the BOJ and I'll never trade against Central Banks decisons or possible actions.
How many times you could had been hit by SL if lets say you set it at 100 pips(you do not like 200) for buy orders.
Imagine that you buy at 105.42 crucial support(at past) and market price collapsed to 104 so your SL is hit, for what?!!
Might any trader be that fixed thinking setting SL around 104, look where the market price reached after hitting near 104, again 100 to 150 pips upward. Many examples as this are seen at different prices at different times..

What I meant by in worst case.. is that if market goes against your order at anytime despite that it shoudn't because I buy at perfect price levels, you'll not be hit hard because you well know that sooner or later your account would recover due to you're trading with the BOJ.
While if you sell yen pairs you might get caught loosing big or SL getting hit fast due to intervention while that would never happen with buy order because you'll never see yen pairs collapsing 500 to 1000 in seconds or few minutes as had been seen with Chf pairs.

Try to read some big hedge funds, investors, big account traders views about SNB latest intervention action and how they lost all their past gained money from selling Chf pairs in just seconds & minutes when SNB intervened, this must be a big lesson

"NOT TO TRADE AGAINST THE CENTRAL BANKS"

Even if you say you set tight SL but you can do the same by buying these pairs at Good price levels and if you get wrong at anytime or your SL would be hit since you like to set SL for these pairs at current price levels then it's okay because you still trading with the BOJ not against so the opportunity of winning is more than loosing.
I am not waiting for intervention or anything else but I know well that I am safe by buying, this is the whole story, the mentality of buying is more safe than selling as discussed above..

I am sure that even with no intervention yen pairs would go on uptrend soon because as with CHf pairs after hitting max. historic lows, you well remember that they spiked up for days before intervention appeared.
For Example Usd/Chf kept going up from around 0.7000 till 0.8000 which mean 1000 pips with no intervention, Euro/chf & Gbp/Chf much more
You know why?!! because at first fear of intervention increased tremendously besides and most importantly the downtrend game had finished. So it's only a matter of time when would the downtrend game finish for yen pairs.
If you realize each day at current time, the yen pairs get a little upward waiting for intervention that appeared at past at such hour or even minutes. Meaning, the fear of intervention would always be found in the nerves of the markets or sellers if you like which would make those pairs spike above 100pips everytime it hit low price levels that is Good to buy at.
You can read my analysis for Gbp/Jpy yesterday at the "Daily Gbp/Jpy Analysis" Thread and see that from early morning hours I said buy price level is at 121.30/40 and you remember that market price hit 121.30 then kept going upward more than 100 pips and still currently up.
This is a small example at what prices to buy gaining at least 100 pips in few hours and sometimes seconds or minutes as had been at past month.

Hopefully, this explaination get you into the big picture.


Good Luck
  • #27,046
  • Sep 13, 2011 12:30am Sep 13, 2011 12:30am
Quoting TheMoneMaker
You are still not getting my point right or maybe I am not making it more clear for you. So I'll clarify my view once and forever.

You are picturing my view as if I wait for each trade to go into drawdown 200 or more pips before gaining big pips, or buying then waiting for intervention. That is totally wrong.
WRONG.

YOU said, "Usd/Jpy pair is Great to always buy at current levels, at least for some good quick pips gain(20, 30 or more), because what is the worse scenarion that could occur?!! collapsing to 75, that's it.. what only 200 pips?!!

Well, any trader can afford risking a possible 200 pips floating account for the bigger intervention prize after you had bought many times & have gain 20 or more pips each time"

YOU said......you are prepared to withstand a "worse case scenario" of -200 pips to gain "some good quick pips gain(20, 30 or more)"......YOU SAID THAT.

YOU want to risk -200 pips for a possible gain or 20-30 pips. You said so yourself.

The points are this:

Your risk/reward is all out of whack

Why is -200 a "worse case scenario?" Do have inside info on where and when BOJ will act????
Doing what you like is Freedom. Liking what you do is Happiness.
  • #27,047
  • Sep 13, 2011 12:34am Sep 13, 2011 12:34am
Quoting realjumper
Do have inside info on where and when BOJ will act????
With European debt problems still unsolved and a possible US QE3 in the next few months the Japanese will NOT intervene before these items are out of the way.

By then, the USd/Jpy could well be below 72.
  • #27,048
  • Sep 13, 2011 12:36am Sep 13, 2011 12:36am
Quoting bumapatria
You must be a position trader. Other one talking is either a day trader, swing trader, or scalper.

He's got a point. probably he's an investor
Not Position,day,swing,scalper or even investor.Try learn at wikipidea
If there was easy money lying around,no one would be forcing it into your
  • #27,049
  • Sep 13, 2011 12:38am Sep 13, 2011 12:38am
Quoting realjumper
WRONG.

YOU said, "Usd/Jpy pair is Great to always buy at current levels, at least for some good quick pips gain(20, 30 or more), because what is the worse scenarion that could occur?!! collapsing to 75, that's it.. what only 200 pips?!!

Well, any trader can afford risking a possible 200 pips floating account for the bigger intervention prize after you had bought many times & have gain 20 or more pips each time"

YOU said......you are prepared to withstand a "worse case scenario" of -200 pips to gain "some good quick...
Just forget him bro,his method would only brings destruction for his account sooner or later..Hopefully no newbie would be follow his method
If there was easy money lying around,no one would be forcing it into your
  • #27,050
  • Sep 13, 2011 12:43am Sep 13, 2011 12:43am
Quoting FXMindset
Just forget him bro,his method would only brings destruction for his account sooner or later..Hopefully no newbie would be follow his method
You're right.....it's like beating my head against a brick wall!! As you say, hopefully no newbies will follow him
Doing what you like is Freedom. Liking what you do is Happiness.
  • #27,051
  • Sep 13, 2011 12:50am Sep 13, 2011 12:50am
Quoting SIgurs
With European debt problems still unsolved and a possible US QE3 in the next few months the Japanese will NOT intervene before these items are out of the way.

By then, the USd/Jpy could well be below 72.
Quite possibly......we will be the last to know what BOJ decides!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #27,052
  • Sep 13, 2011 12:52am Sep 13, 2011 12:52am
Lets see how much it can go,
Attached Image (click to enlarge)
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If there was easy money lying around,no one would be forcing it into your
  • #27,053
  • Sep 13, 2011 1:05am Sep 13, 2011 1:05am
Quoting FXMindset
Lets see how much it can go,
And how much time it takes.
  • #27,054
  • Sep 13, 2011 1:09am Sep 13, 2011 1:09am
LOL, No hope in you..

Keep thinking and looking at the small pciture and you'll get loosing fast big money by trading against the BOJ as many hedge funds, investors.. had lost big money in CHf pairs, you'll never understand the equation untill you loose your all month/s sell orders gains.
Kind of traders as you do not learn being cautious & ready before the disaster appear but wait for the problem then try to decrease loss.
You do not understand my equation that buying at perfect price levels is more important than setting SL and with your type of SL & trading you're broker is surely happy always tracking your SL.

You can't argue or discuss my previous post so you get back to past posts.

You say that I said & I.. You do not understand that my previous examples are as a strategy for traders who like to buy accordingly while my personal strategy is another matter, and yesterday Gbp/Jpy is just a small example

If you hadn't understand from my previous post then you'll never ever do..

You & other traders who dream of lower price levels would be caught badly sooner or later.

I am here and you & same kind thinking sellers traders are, we'll soon see who would be caught right.


Never Trade Against the Central Banks


End of Story
  • #27,055
  • Sep 13, 2011 1:11am Sep 13, 2011 1:11am
Quoting 2+2=4ex
And how much time it takes.
where is your 74 or 75 then?
If there was easy money lying around,no one would be forcing it into your
  • #27,056
  • Sep 13, 2011 1:16am Sep 13, 2011 1:16am
Quoting TheMoneMaker
LOL, No hope in you..

Keep thinking and looking at the small pciture and you'll get loosing fast big money by trading against the BOJ as many hedge funds, investors.. had lost big money in CHf pairs, you'll never understand the equation untill you loose your all month/s sell orders gains.
Kind of traders as you do not learn being cautious & ready before the disaster appear but wait for the problem then try to decrease loss.
You do not understand my equation that buying at perfect price levels is more important than setting SL and with your type...
13 posts to 6 different forums from a member who has been for for less than a week....ROFL.....

You know what you said, and so does everyone else here.....you can wriggle and squirm all you like to try and modify what you said, but it's too late..........you are qute prepared to let a trade on UJ go 200+ pips underwater, in order to gain 20-30 pips. YOU SAID SO.

Go away......come back when you can trade instead of just running your mouth......learn how to post a chart while your at it.

Welcome to my 'idiot list'
Doing what you like is Freedom. Liking what you do is Happiness.
  • #27,057
  • Sep 13, 2011 1:20am Sep 13, 2011 1:20am
Quoting realjumper
13 posts to 6 different forums from a member who has been for for less than a week....ROFL.....

You know what you said, and so does everyone else here.....you can wriggle and squirm all you like to try and modify what you said, but it's too late..........you are qute prepared to let a trade on UJ go 200+ pips underwater, in order to gain 20-30 pips. YOU SAID SO.

Go away......come back when you can trade instead of just running your mouth......learn how to post a chart while your at it.

Welcome to my 'idiot list'
When do we have "idiot list" bro ? I want it also
If there was easy money lying around,no one would be forcing it into your
  • #27,058
  • Sep 13, 2011 1:37am Sep 13, 2011 1:37am
LOL, As if number of posts or weeks months sleeping at forexfactory proof if you're a good trader or not..what a joke

You want to reverse my words or explain it as you want then Great do that.. I can't stopl your mouth from running..

What you can't do is proof for traders what you said:
"his method would only brings destruction for his account sooner or later..Hopefully no newbie would be follow his method"

Tell them how that can be achieved if a trader is using Good Money Management with right lot size compared to acocunt size.
I'll not talk about my big acocunt size but just about a 10000 or 5000$ account.
How would any trader loose his or her money if bought at current price levels.
Do you really know what your saying?!!
Usd/Jpy must below 40, Euro/Jpy below 70, Gbp/Jpy below 100

If at anytime my buy order get wrong and market price got to such prices

I'll not really care because Central Banks, all Japanese & many 1000s other big companies would be under world war economical disaster and if I lost some big money, they would have lost trillions.
Wake up this is not a playstation game for the possibility of beating the Central Banks..LOL

No Need to post useless charts to prove my high % winning trades.
My posts are much more simply, by only posting price levels to buy or sell is enough because then traders can judge and see where market price reach at end of day.

Yes, I am new posting here but as you can review all my posts and see where market price reached compared to them..

You do not know who I am & what big profitability trading % I have and how much 1000s of traders use my forex trading info, so can't judge but learn from my posts and use to gain big money instead of always offending me..

Oh, Keep your ignore list to yourself..what a joke

I'll not become a millionaire(I am full of more than that) posting here but only to help traders gain big money.

Good Luck Traders
  • #27,059
  • Sep 13, 2011 1:45am Sep 13, 2011 1:45am
Quoting TheMoneMaker
LOL, As if number of posts or weeks months sleeping at forexfactory proof if you're a good trader or not..what a joke

You want to reverse my words or explain it as you want then Great do that.. I can't stopl your mouth from running..

What you can't do is proof for traders what you said:
"his method would only brings destruction for his account sooner or later..Hopefully no newbie would be follow his method"

Tell them how that can be achieved if a trader is using Good Money Management with right lot size compared to acocunt size.
I'll...
Its not ignored list mate,Its Idiot list - Please re read again
See ya Gambler
If there was easy money lying around,no one would be forcing it into your
  • #27,060
  • Sep 13, 2011 1:47am Sep 13, 2011 1:47am
Quoting FXMindset
where is your 74 or 75 then?
Not in a trade as of yesterday. Looking to renter short on a rally.
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