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USD/JPY Discussion

  • #27,061
  • Sep 13, 2011 1:48am Sep 13, 2011 1:48am
Quoting FXMindset
Its not ignored list mate,Its Idiot list - Please re read again
See ya Gambler
Reading, writing and comprehension are obviously not high on that posters list of skills!

Doing what you like is Freedom. Liking what you do is Happiness.
  • #27,062
  • Sep 13, 2011 1:48am Sep 13, 2011 1:48am
Quoting 2+2=4ex
Not in a trade as of yesterday. Looking to renter short on a rally.
K Good Luck and Trade Well Ya Untie
If there was easy money lying around,no one would be forcing it into your
  • #27,063
  • Sep 13, 2011 1:52am Sep 13, 2011 1:52am
You know it is interesting, three new personalities have shown up and began posting to this thread in the past 48 hrs or so and now I have three new people on my ignore list...sometimes reading the forums is like trading a 1 minute chart, a lot of noise...
Never been vouched
  • #27,064
  • Sep 13, 2011 2:13am Sep 13, 2011 2:13am
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 not...
If you're a long term investor who's prepared to hold for years then your strategy might make sense. However, if I were to employ your strategy, I would average down if price went against me to minimize or offset the effects of cost and time lost. The averaging down would have to be calculated so that a few thousand pips against you doesn't wipe you out. The bad thing about planning an averaging down is you may be sacrificing profit up front - in the event price goes your way after first entry. Time has monetary value (opportunity cost). So the amount of averaging should also take time into account. Again, costs such as swaps/rollovers, time and margin locked up meaning you have to "sit out" better trades might make this type of trade economically unfeasible.

Most traders in this forum open and close trades on a daily basis. I think that's why you recieved strong backlash. Anyone who is daytrading is not willing to get into a trade that they might have to hold for weeks. It also goes against many experienced trader's principles to not use a stop loss. I once heard Larry Williams (whom is a professional trader) say that he knew seven people who commited suicide from trading. He said they all had one thing in common: No stop loss. Do you really think these people thought they were going to lose so much they would kill themselves before entering the market? Now maybe you can afford to lose your account and it won't ruin you, but why begin using bad habits even on money you can afford to lose? You should be consistent in your core methods and principles each and every trade.
  • #27,065
  • Sep 13, 2011 2:15am Sep 13, 2011 2:15am
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'
What a loss of time and energy.
I smell those guys from miles away and there are a few walking around here lately. They do not want to learn, the do not want to discus and share thoughts they just like to look smart and impressive to the noobies and as there are so many of them they are happy. Don't try to reason with them because they are not able to and it's just a loss of valuable time and energy.
It was funny to see that this guy trying to reason his words which miserably failed, mostly they do not respond at all like that SIgurs fellow.
Don't be a hero. Don't have an ego. Always question yourself
  • #27,066
  • Sep 13, 2011 2:31am Sep 13, 2011 2:31am
Quoting USD-Bear
What a loss of time and energy.
I smell those guys from miles away and there are a few walking around here lately. They do not want to learn, the do not want to discus and share thoughts they just like to look smart and impressive to the noobies and as there are so many of them they are happy. Don't try to reason with them because they are not able to and it's just a loss of valuable time and energy.
It was funny to see that this guy trying to reason his words which miserably failed, mostly they do not respond at all like that SIgurs fellow.
You're right Bear.....it is such a loss of time and energy. There seems to be a swarm of them infesting FF just lately...........must be something in the water,
Doing what you like is Freedom. Liking what you do is Happiness.
  • #27,067
  • Sep 13, 2011 2:34am Sep 13, 2011 2:34am
Quoting iono
You know it is interesting, three new personalities have shown up and began posting to this thread in the past 48 hrs or so and now I have three new people on my ignore list...sometimes reading the forums is like trading a 1 minute chart, a lot of noise...
One word : all of this for the true people/new trader which truly wants to make living thru forex trading for their family,future etc and

His method kinda dangerous for the newbie.Lets said they can gain in this current situation,but am believe they wont success in future,Its about people mindset which will form later when trading
If there was easy money lying around,no one would be forcing it into your
  • #27,068
  • Sep 13, 2011 2:38am Sep 13, 2011 2:38am
The small uptrend this pair has been in since the all time low at 75.96 is about to break. A clear close below 76.75 will do the trick.

Jpy, again, is showing strenght towards Usd/Eur/Chf/Aud en Cad. This clearly shows that markets are afraid of Boj stepping in ;-)
Attached Image (click to enlarge)
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  • #27,069
  • Sep 13, 2011 2:42am Sep 13, 2011 2:42am
Quoting FXMindset
His method kinda dangerous for the newbie.Lets said they can gain in this current situation,but am believe they wont success in future,Its about people mindset which will form later when trading
Well said FXM. His method is the shortest to blowing up your account.
  • #27,070
  • Sep 13, 2011 2:46am Sep 13, 2011 2:46am
Quoting SIgurs
Well said FXM. His method is the shortest to blowing up your account.
I think people underestimate how long it could take for price to get to their target. In some cases it may never. I wouldn't want to be in a trade that never reaches my target with no stop loss. Yikes!
  • #27,071
  • Sep 13, 2011 2:53am Sep 13, 2011 2:53am
Picked this up: "EURJPY Hitting day's lows of 104.81 with talk that the Chinese have declined to buy Italian debt"

Perhaps it ain't true, but it clearly shows that uncertainty is what's keeping Usd/Jpy (and other Jpy related pairs in general) from taking off. This pair can go either very fast either way, so again, stops are a must !
  • #27,072
  • Sep 13, 2011 3:05am Sep 13, 2011 3:05am
Quoting SIgurs
The small uptrend this pair has been in since the all time low at 75.96 is about to break. A clear close below 76.75 will do the trick.

Jpy, again, is showing strenght towards Usd/Eur/Chf/Aud en Cad. This clearly shows that markets are afraid of Boj stepping in ;-)
The RSI trendline is still intact making higher lows. The trend is still intact today. The trendline must break for USDJPY to turn bearish. This is a H4 chart.
Attached Image (click to enlarge)
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Observation is the path to discovery.
  • #27,073
  • Sep 13, 2011 4:49am Sep 13, 2011 4:49am
As of January 2011, Japan's public debt was more than 200 percent of its annual gross domestic product, the largest of any nation in the world.

16% of there exports are to the U.S.

My theory is that this instrument has a support in the 70 area that is essential to Japanese exports. (theory based)

Analysis;

I have a tentative support on the month at 76.481
and an actual support at 76.048

Prediction; Bullish to R1 or R2 on my chart
Attached Image (click to enlarge)
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  • #27,074
  • Sep 13, 2011 6:33am Sep 13, 2011 6:33am
USDJPY remains quiet
The market will deceive you. Make your own judgement.
  • #27,075
  • Sep 13, 2011 9:00am Sep 13, 2011 9:00am
Quoting ninjafx
USDJPY remains quiet
I'd be very careful if trading this pair, daytrading only, no overnighters. This pair can go either way, violently. Not something you want to be in if the position goes against you, due to both slippage and scale of possible move.

If Japanese intervene it will go parabolic, if not, it could dive due to increasing uncertainty. In short, not worth risking your account for.
  • #27,076
  • Sep 13, 2011 11:34am Sep 13, 2011 11:34am
Key Level... Expecting to go Short

Doctortyby
Attached Image(s) (click to enlarge)
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  • #27,077
  • Sep 13, 2011 1:08pm Sep 13, 2011 1:08pm
After several week I am observes,I am believe we should have an "actual resistance" or "Seller" which really back up at one key level in this pairs and I try carefully study and look and "personally" I think may be located in 77.87 level

Below only forecast,I am not truly correct yet because I am still dont know if this pattern valid or not so just take a relax and dont make an complaint if some of you might be dont like

Just a simple one
Attached Image (click to enlarge)
Click to Enlarge Name: UJ Daily.png Size: 30 KB
If there was easy money lying around,no one would be forcing it into your
  • #27,078
  • Sep 13, 2011 1:28pm Sep 13, 2011 1:28pm
I think I may have identified the price channel that contains the price action of USDJPY. The only thing that bothers me about it is the bar of 8/25 where price pierced the top for a an hour or so. If this is the channel, the PA should bounce around this level (76.80) and head to the top of the channel again to 78 for a test. As you can see, the trendline on the RSI (bottom of chart) that goes all the way back to the middle of July is still holding nicely. The next few hours will tell the story. If the RSI trendline breaks, IŽll close my long.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.jpg Size: 125 KB
Observation is the path to discovery.
  • #27,079
  • Sep 13, 2011 1:52pm Sep 13, 2011 1:52pm
Quoting Alorente
I think I may have identified the price channel that contains the price action of USDJPY. The only thing that bothers me about it is the bar of 8/25 where price pierced the top for a an hour or so. If this is the channel, the PA should bounce around this level (76.80) and head to the top of the channel again to 78 for a test. As you can see, the trendline on the RSI (bottom of chart) that goes all the way back to the middle of July is still holding nicely. The next few hours will tell the story. If the RSI trendline breaks, IŽll close my long.
seems that your last defense around 76.80 mate ?
If there was easy money lying around,no one would be forcing it into your
  • #27,080
  • Sep 13, 2011 1:56pm Sep 13, 2011 1:56pm
Quoting FXMindset
seems that your last defense around 76.80 mate ?
Yes. This is the 5th test of the bottom wall of the channel and the 12th test of the RSI trendline. I feel it is well established, BUT it must hold here if my 100+ theory is to remain viable.
Observation is the path to discovery.
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