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Hyperbolic Yen Chamber

  • #81
  • Sep 19, 2013 11:31pm Sep 19, 2013 11:31pm
ill try and be more active than i was this week

i wasn't doing anything but scalping this week, with so much event risk.


my primary focus for 2014 will be to short the YEN. there should be follow through to 110 or even 120

however the 1st quarter of 2014 could present some YEN strength. that YEN strength may begin in the 4th quarter of 2013
will need to see where the technicals are at that point.

it will be an absolutely fantastic long term selling opportunity after the strength is over (monthly correction wave)



until i see something big, i'll just keep scalping 20-50 pips.

when i see something big on the daily/weekly or higher i'll post a chart.
Be hopeful in a winning position, and fearful in a losing position.
  • #82
  • Sep 20, 2013 9:44am Sep 20, 2013 9:44am
I'm seeing a possiblity for a downward movement in CAD/JPY coming up, based off of divergence on the Daily and 4hr chart. If the move does occur, timing the entry will be key... I'm in careful watch mode for now. Next week will be interesting.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cadjpydaily.png Size: 55 KB
Click to Enlarge Name: cadjpyh4.png Size: 53 KB
  • #83
  • Sep 23, 2013 3:27pm Sep 23, 2013 3:27pm
Ok, so since this is the Hyperbolic Yen Chamber, and in the Dragonball series, the Hyperbolic Time Chamber was a training ground to help defeat Cell, I thought I might pose a question to train us traders... Before anyone asks, I realize this is a GBP/USD chart, but this setup happens in all charts, it just happens to be the one I was looking at, so I'm rolling with it.

Now, on to the question... If you were a bright enough trader to get into this short action at the red circle I put in, how would you go about staying in the trade (other than just by hoping and praying ie Casino style) until price reached somewhere in the blue box. This kind of trade is the ultimate meat grinder for a lot of retail traders, both to the account and physicalogically. 2 popular ideas don't work right off the bat, that being placing placing a stop above the last lower high (that equals a loss on this trade), and closing your trade on a trendline break (which would give you a profit, but it wouldn't maximize the profit)... Fib levels perhaps?

Ideas please...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 51 KB
  • #84
  • Sep 24, 2013 12:36pm Sep 24, 2013 12:36pm
Quoting Nate04
Ok, so since this is the Hyperbolic Yen Chamber, and in the Dragonball series, the Hyperbolic Time Chamber was a training ground to help defeat Cell, I thought I might pose a question to train us traders... Before anyone asks, I realize this is a GBP/USD chart, but this setup happens in all charts, it just happens to be the one I was looking at, so I'm rolling with it. Now, on to the question... If you were a bright enough trader to get into this short action at the red circle I put in, how would you go about staying in the trade (other than just...

You'd have to be a swing or position trader to hold your position that long.

then again using Fibs you'd have to derive your point 0% before the 1.58 handle and your 100% at !.629 handle then the retracement level could fall in the blue box else scalp away
Let it turn and find your entry.
  • #85
  • Sep 25, 2013 11:38pm Sep 25, 2013 11:38pm
anyone got any ideas why market volume just exploded?

i mean i love it and all since i was long made a good 50 pips

but


this week has been completely dead so i dont understand what made the big players come into the market


was it data related?
Be hopeful in a winning position, and fearful in a losing position.
  • #86
  • Sep 26, 2013 2:07am Sep 26, 2013 2:07am
Quoting Nate04
Ok, so since this is the Hyperbolic Yen Chamber, and in the Dragonball series, the Hyperbolic Time Chamber was a training ground to help defeat Cell, I thought I might pose a question to train us traders... Before anyone asks, I realize this is a GBP/USD chart, but this setup happens in all charts, it just happens to be the one I was looking at, so I'm rolling with it. Now, on to the question... If you were a bright enough trader to get into this short action at the red circle I put in, how would you go about staying in the trade (other than just...
either use a fixed pip target, or take profit after that major drop, and re enter for your larger target after it corrects
Be hopeful in a winning position, and fearful in a losing position.
  • #87
  • Sep 26, 2013 5:15am Sep 26, 2013 5:15am
Quoting Rag2RichesFX
anyone got any ideas why market volume just exploded? i mean i love it and all since i was long made a good 50 pips but this week has been completely dead so i dont understand what made the big players come into the market was it data related?
This market is so unpredictable somebody may have made a comment or something for price to shoot up like that.
I think that USDJPY surge is being corrected.
I'm so frustrated I've resulted to scalping my quick 15 pips scalp has yielded 1% for today
Attached Image (click to enlarge)
Click to Enlarge Name: SHY.png Size: 92 KB
Let it turn and find your entry.
  • #88
  • Sep 26, 2013 5:37am Sep 26, 2013 5:37am
Quoting Rag2RichesFX
anyone got any ideas why market volume just exploded? was it data related?
Here's the reason why

http://www.forexfactory.com/news.php?do=news&id=449518
Let it turn and find your entry.
  • #89
  • Sep 26, 2013 7:14am Sep 26, 2013 7:14am
Quoting Intrepidpips
{quote} Here's the reason why http://www.forexfactory.com/news.php?do=news&id=449518
yes, that would indeed be it

thank you

i was long purely on a technical basis, had a great day today

rode the UJ back down short as well from 99
Be hopeful in a winning position, and fearful in a losing position.
  • #90
  • Oct 5, 2013 12:06am Oct 5, 2013 12:06am
USDJPY

4-Hour

97.75/97.85

first major resistance, clear that and 50-75 more pips on the way.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy4hour.png Size: 329 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #91
  • Oct 6, 2013 3:09pm Oct 6, 2013 3:09pm
Technically speaking UJ found great support at the 78.6 // 97.00 level completing a bullish gartley for a move up and test of the 98.40 area

There is however a couple of levels of strong resistance that need to clear to confirm this push; candlestick reversal pattern is clear at the 97.00 bottom though

http://prntscr.com/1vp42i
  • #92
  • Oct 18, 2013 6:27am Oct 18, 2013 6:27am
my favourite yen pair
Attached Image(s) (click to enlarge)
Click to Enlarge Name: FALLING KNIFE.png Size: 87 KB
Click to Enlarge Name: SPECULATING.png Size: 96 KB
Let it turn and find your entry.
  • #93
  • Oct 18, 2013 9:17am Oct 18, 2013 9:17am
Quoting Intrepidpips
my favourite yen pair {image} {image}
PIERCED
Never been in a range like that before

I will lay ambush again next week!
Attached Image (click to enlarge)
Click to Enlarge Name: KNIFE FELL.png Size: 89 KB
Let it turn and find your entry.
  • #94
  • Last Post: Jan 28, 2014 11:06am Jan 28, 2014 11:06am
Quoting JCL's-Forex
Period_Converter_Opt
I cannot get this indicator to work on new MT4 Build 574.

Anyone having the same problem?

Any coders to make it work for MT4 Build 574?

Many thanks.
福 子 Victor V
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