- #32,962
- Feb 8, 2013 12:22pm Feb 8, 2013 12:22pm
- | Commercial User | Joined Jan 2013 | 1,169 Posts
"markets traded by programs/HFT offer a significant trading edge..."
Regards to DaEdge, RobertFXm brinks and also to moneyhoolic, because they are the one's who were next to me since November and we traded USDJPY since $79.
Below is a chart from 24.01.2012 with my target and the next is whit the target reached !
P.S: As a bonus i also placed a fundamental analysis on USDJPY that i made one night when i was going crazy in the office))))
- #32,967
- Feb 11, 2013 5:26pm Feb 11, 2013 5:26pm
Well said, anybody's guess where it'll go but it's north for now. I'd say safe to say strong support line for now at 93.40's but i would not be surprised 96-7 end of the week. Goiiiiinn long in any case, at least for now 
now the japan is free to print (thanks to blessing of us treas dept) 94 looks like great long entry.
- wednesday's resistance would become new support in familiar stair-stepping pattern
if nothing changes (and it ever falls to 94 again), i'm in long at 94.00
Well said, anybody's guess where it'll go but it's north for now. I'd say safe to say strong support line for now at 93.40's but i would not be surprised 96-7 end of the week. Goiiiiinn long in any case, at least for now
i'm starting to wonder if this thing will retrace to 94, much less 93.4x if it gets comfortable above the open (~93.31)
the usual technical considerations are out the window if some CB starts shoving ccy into the mkt hand over fist.
wondering if i should start scaling in long around 94.25 (if this is an EW impulse and we are finishing up a normally extended 4th wave, then 95.25 should be possible and is far enough away to justify a scaled entry)
- #32,969
- Feb 11, 2013 7:31pm Feb 11, 2013 7:31pm
It's a fast moving pair so retrace always there, main objective should be where this pair is heading, way i always trade high's and lows two week period to a month on each pair traded, far less risky this way + i'm in it to win it It''s all about available equity and sensible exposure. I always trade with two accounts long & short when needed,as this way only risk is my profit margin. There will always be a split opinion on pair performance forecast but usd/jpy is no ordinary cross for now & given the circumstances that is trading within. But as i said , it's all about available equity mate
It''s all about available equity and sensible exposure. I always trade with two accounts long & short when needed,as this way only risk is my profit margin. There will always be a split opinion on pair performance forecast but usd/jpy is no ordinary cross for now & given the circumstances that is trading within. But as i said , it's all about available equity mate i'm starting to wonder if this thing will retrace to 94, much less 93.4x if it gets comfortable above the open (~93.31)
the usual technical considerations are out the window if some CB starts shoving ccy into the mkt hand over fist.
wondering if i should start scaling in around 94.25 (if this is an EW impulse and we are finishing up a normally extended 4th wave, then 95.25 should be possible and is far enough away to justify scaling into a moderately large position)
It's a fast moving pair so retrace always there, main objective should be where this pair is heading, way i always trade high's and lows two week period to a month on each pair traded, far less risky this way + i'm in it to win it
i don't think this would be a good situation to be in a short position even if you have plenty of reserve capital (unless you're in a country with freedom of choice and you can hedge... tho hedging here doesn't seem to have much utility -- assuming you're not way under water)
reason for that is the possible run up risk... if you buy Gartman's prediction that .uj can go to 150 in a few months (not unreasonable to me) then, you could wind up with a big chunk of money stuck for the next 5-10 years!!! i think there is at least a possibility
this (betting .uj will retrace a lot on its way up) is one fight i wouldn't want to get into
- #32,974
- Feb 12, 2013 5:20am Feb 12, 2013 5:20am
Hi, on this pair i'm long obviously, i trade two accounts 1. Primary, here i go with sensible exposure regardless short or long. 2. Secondary account i only use if for example ; significant retrace taking place. Just not to loose out on time and available equity i'd be shorting it as being the case with usd/jpy. I usually then go with 500k exposure as every pip counts. i've been trading like this & only risk i take is with profit margin. I trade in the UK & with GFT using their Dealbook 360 Platform & two legal trading acc in my name.
i don't think this would be a good situation to be in a short position even if you have plenty of reserve capital (unless you're in a country with freedom of choice and you can hedge... tho hedging here doesn't seem to have much utility -- assuming you're not way under water)
reason for that is the possible run up risk... if you buy Gartman's prediction that .uj can go to 150 in a few months (not unreasonable to me) then, you could wind up with a big chunk of money stuck for the next 5-10 years!!! i think there is at least a possibility
this...
- #32,976
- Feb 12, 2013 8:16am Feb 12, 2013 8:16am
- | Joined Dec 2010 | Status: Trader | 1,581 Posts
Nice..
How to opt out annoying user signatures ??
- #32,977
- Feb 12, 2013 3:14pm Feb 12, 2013 3:14pm
Sweet, 
WHOA!
100 freaking pip drop < 1 min... this is the kind of situation where scaling in saves your sorry ass!
i lost almost nothing compared to what i would have lost if i'd opened a full position w/normal stop.
- #32,978
- Feb 12, 2013 5:54pm Feb 12, 2013 5:54pm
- Joined Nov 2012 | Status: Account Deactivated | 2,737 Posts
- #32,980
- Feb 12, 2013 9:19pm Feb 12, 2013 9:19pm
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower