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Hyperbolic Yen Chamber

  • #61
  • Sep 8, 2013 1:38pm Sep 8, 2013 1:38pm
We have a market gap up in the yen pairs.

Here is AUDJPY
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Be hopeful in a winning position, and fearful in a losing position.
  • #62
  • Sep 8, 2013 2:01pm Sep 8, 2013 2:01pm
Quoting Rag2RichesFX
We have a market gap up in the yen pairs. Here is AUDJPY {image}
Gap traders will be creaming in their panties about this.
  • #63
  • Sep 10, 2013 1:23am Sep 10, 2013 1:23am
I distracted myself I was paying attention to a divergence that was brewing in D1 while not trading what was right ahead of me, trying to avoid mistakes and not taking chances.

Maybe I'd just wait for a proper retracement in the daily charts before jumping in on the train or a complete reversal.
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Let it turn and find your entry.
  • #64
  • Sep 10, 2013 1:37am Sep 10, 2013 1:37am
Quoting Rag2RichesFX
H8H2M30 on UJ Playing around with a new chart setup {image}

Now you've got the sweetest charts.

That's not C Trader I guess, which platform is that?
Let it turn and find your entry.
  • #65
  • Sep 10, 2013 1:41am Sep 10, 2013 1:41am
Quoting Intrepidpips
{quote} Now you've got the sweetest charts. That's not C Trader I guess, which platform is that?
Ok I see it proraeltime.com

Something to look forward to when I go full time.
Let it turn and find your entry.
  • #66
  • Sep 10, 2013 8:11am Sep 10, 2013 8:11am
How has the Yen Chamber been doing? Wish I had some super cool to stuff to contribute at the moment, but unfortantly I don't.

Me at the moment:

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  • #67
  • Sep 10, 2013 12:00pm Sep 10, 2013 12:00pm
AUDJPY IS ON ANOTHER PLANET


laughing at the purely fundamental traders who don't know how to read an oversold market and take profits.


almost 800 pips up from the lows.


im laughing at myself for not making $100,000 on this trade... could have gone huge


but honestly it will come in due time.

I'm happy with what I made.. and I'll definitely be buying the dips for a while to come
Be hopeful in a winning position, and fearful in a losing position.
  • #68
  • Sep 10, 2013 12:49pm Sep 10, 2013 12:49pm
Quoting Rag2RichesFX
AUDJPY IS ON ANOTHER PLANET laughing at the purely fundamental traders who don't know how to read an oversold market and take profits. almost 800 pips up from the lows. im laughing at myself for not making $100,000 on this trade... could have gone huge but honestly it will come in due time. I'm happy with what I made.. and I'll definitely be buying the dips for a while to come
I took profits too early in the middle of the night (babies make trading easier!) during the London session at 92.56 and woke up an hour before the NY a little disappointed in myself but glad to have taken profits.
  • #69
  • Sep 12, 2013 11:55am Sep 12, 2013 11:55am
Quoting JCL's-Forex
{quote} I took profits too early in the middle of the night (babies make trading easier!) during the London session at 92.56 and woke up an hour before the NY a little disappointed in myself but glad to have taken profits.
yeah, always easier in hindsight

you got many more pips out of it than me, perhaps.
i got a little over 450 when i could have had 700.. but oh well.

i was more disappointed. in my puny lot ... even 5 lots would have made over $30,000.

1 lot at 87.50, 1 at 88, 1 at 88.50, 1 at 89. and 1 at 89.50.. cashing out around 93.50 ideally


dont get me wrong, im still happy, i should have just been more confident in moving my cost basis higher because of that momentum. even above 90.. my cost basis was still sitting in the 88s. i should have piled on!!


but i just got some of those missed pips back by a short from 93.50 s/l 93.72

(93.68 was 38.2% fib ret. of 105.50 to 86 whatever that bottom was)
Be hopeful in a winning position, and fearful in a losing position.
  • #70
  • Sep 12, 2013 11:51pm Sep 12, 2013 11:51pm
sold dollars for 99.90 yen

im looking to buy back 98.70

might take a little off 99.20


look at my horrible week... im down 100 pips but up 1%...

http://www.myfxbook.com/members/SBCM...nvestor/645603
Be hopeful in a winning position, and fearful in a losing position.
  • #71
  • Sep 13, 2013 2:23am Sep 13, 2013 2:23am
AUDJPY FALLING?

Let's test the waters a bit.
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Let it turn and find your entry.
  • #72
  • Sep 13, 2013 2:33am Sep 13, 2013 2:33am
ALTERNATIVELY
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Let it turn and find your entry.
  • #73
  • Sep 13, 2013 8:15am Sep 13, 2013 8:15am
GOING HOME

Will my bet pay off? I don't know, will there be another gap upwards?, I don't know.
Let Mr Market do as it pleases.

Off to the weekend!
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Let it turn and find your entry.
  • #74
  • Sep 13, 2013 12:00pm Sep 13, 2013 12:00pm
Quoting Rag2RichesFX
sold dollars for 99.90 yen im looking to buy back 98.70 might take a little off 99.20
Cashed out UJs 99.20 nice 70 pips
Be hopeful in a winning position, and fearful in a losing position.
  • #75
  • Edited 12:17pm Sep 13, 2013 12:04pm | Edited 12:17pm
Quoting Intrepidpips
GOING HOME Will my bet pay off? I don't know, will there be another gap upwards?, I don't know. Let Mr Market do as it pleases. Off to the weekend! {image}
i prefer UJ short

and now focused on AU if looking to play the AUD long it won't be with the yen,
at least not for a while


it could be a good bounce but if yen is looking to strengthen that will just make AJ inferior to AU


if i was you i would have cashed out at yesterdays daily low, and put a sell stop 10 pips under it (if you wanted to target more pips)


however looking to weekly chart, you may get some more pips out of it yet



you have a great mindset about Mr. Market
enjoy your weekend
Be hopeful in a winning position, and fearful in a losing position.
  • #76
  • Edited 11:35am Sep 14, 2013 11:23am | Edited 11:35am
UJ Quarterly
1977-2013

I missed the first boat, but believe me, that wasn't the big one.

That was just the panic reaction.

Watch the follow through for the next 2-3 years, its going to be epic.


**ESPECIALLY, if we get a FED taper with absolutely no tapering of Abenomics**
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Be hopeful in a winning position, and fearful in a losing position.
  • #77
  • Sep 14, 2013 12:23pm Sep 14, 2013 12:23pm
Not sure how long these numbers have been out but, apparently BIS just did its 3-year average daily turnover data, and the numbers are simply incredible in comparison to 2010. Inflation baby. Where has all that new money gone? Well, straight into forex bets, you betcha! The #1 way to stabilize any economy. Trade, trade, trade. Even if it is speculative invisible exchanges, and not "real world" supply/demand.

From www.marctomarket.com


http://1.bp.blogspot.com/-s-_AtWtb8c...x+turnover.png
The Economist drew from the latest survey of the Bank of International Settlements to create this Great Graphic that shows the average daily turnover of the top 16 currencies.


Average daily turnover is a mind-numbing $5.3 trillion. In three days foreign exchange turnover is sufficient to cover world trade in a year.


The BIS conducts the survey every three years. The last survey in 2010 found daily turnover was about $4 trillion. The US dollar's turnover alone is larger than that now. In 2007, the average daily turnover was $3.3 trillion. In six years then, the turnover has increased by 60%. Some observers are concerned that the post-crisis regulatory environment was going to curtail financial activity. Evidence must be sought elsewhere, outside of foreign exchange, the largest of the capital markets.


Despite cries that the dollar is being replaced by the euro or Chinese yuan, the BIS data shows nothing of the kind. The dollar is by far and way the most actively traded currency and is on one side of 87% of foreign exchange trades. The euro and yen have kept their status as #2 and #3.


Of particular note is the rise of the Mexican peso and Chinese yuan into the top ten most actively traded currencies. It is the first time. A rising tide lifts all boats, so to speak. Increased turnover means that it is not a zero-sum exercise. That is, the increased turnover of the peso and yuan does not mean a diminished role for the major currencies.
Be hopeful in a winning position, and fearful in a losing position.
  • #78
  • Sep 14, 2013 12:49pm Sep 14, 2013 12:49pm
usdjpy 2-year candles
1977-2013
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Be hopeful in a winning position, and fearful in a losing position.
  • #79
  • Sep 17, 2013 5:35am Sep 17, 2013 5:35am
Quoting Intrepidpips
GOING HOME Will my bet pay off? I don't know, will there be another gap upwards?, I don't know. Let Mr Market do as it pleases. Off to the weekend! {image}

There was a gap sure enough, don't know why they had to do that 3 weekends in a row.

Waiting for the daily oscillator and price to align.
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Let it turn and find your entry.
  • #80
  • Edited 10:03pm Sep 19, 2013 9:01pm | Edited 10:03pm
this has potential for lower, but im cashing out some at 99.23


something that has hit me like a brick wall is


i should always close at least 25% or 50% of the position at a decent level, and trail the rest to BE or in profit

with set and forget trading anyway. i had a little problem lately. not taking my profits and let them turn to losers.
never again, was good for a 5% drawdown (didn't cut the loser... got into that mindset.. the downward spiral.. you know what im talking about)

when it should have been a 3.5% profit.. (didn't take it, and didn't trail to BE --- stupid -- was too focused on a bigger move that never played out)

and i hate 5% drawdowns
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Be hopeful in a winning position, and fearful in a losing position.
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