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Zappa's Journal

  • #81
  • Dec 15, 2013 4:31pm Dec 15, 2013 4:31pm
going for something similar, green is target though

http://s22.postimg.org/v8wpiu3e7/usdjpy.jpg
Do what's right for you
  • #82
  • Dec 15, 2013 4:37pm Dec 15, 2013 4:37pm
Another trade. Buy EURNZD
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  • #83
  • Dec 15, 2013 4:47pm Dec 15, 2013 4:47pm
Quoting momochi
going for something similar, green is target though {image}
Not seeing the chart. Where is your stop/target?
  • #84
  • Dec 15, 2013 4:49pm Dec 15, 2013 4:49pm
Inserted Video
Wherever you go, there you are.
  • #85
  • Dec 15, 2013 4:52pm Dec 15, 2013 4:52pm
Quoting milam
http://www.youtube.com/watch?v=nTSBR7eHL_I

Haha..man I love Zappa, but that wasn't my favorite video of his.


This here is more to my liking.

Inserted Video
  • #86
  • Dec 15, 2013 4:57pm Dec 15, 2013 4:57pm
Quoting Zappa
{quote} Haha..man I love Zappa, but that wasn't my favorite video of his. This here is more to my liking. http://www.youtube.com/watch?v=dp93bcp4HCM
Yes.

Mine:

Inserted Video
Wherever you go, there you are.
  • #87
  • Dec 15, 2013 5:01pm Dec 15, 2013 5:01pm
Quoting milam
{quote} Yes. Mine: http://www.youtube.com/watch?v=jvB5dQHvRSc
Yeah! There are so many, I love it. Do you play guitar?
  • #88
  • Dec 15, 2013 5:11pm Dec 15, 2013 5:11pm
Quoting Zappa
{quote} Yeah! There are so many, I love it. Do you play guitar?
no
Wherever you go, there you are.
  • #89
  • Dec 15, 2013 5:16pm Dec 15, 2013 5:16pm
Quoting milam
{quote} no

Well, that's pretty cool that you like Zappa. He was the best guitarist ever, in my opinion. I used to think I was pretty good at guitar until I heard Zappa and Hendrix. It was then that I realized how much I actually sucked.
  • #90
  • Dec 15, 2013 5:20pm Dec 15, 2013 5:20pm
Quoting Zappa
{quote} Well, that's pretty cool that you like Zappa. He was the best guitarist ever, in my opinion. I used to think I was pretty good at guitar until I heard Zappa and Hendrix. It was then that I realized how much I actually sucked.
well, you did compare yourself with the best…..Frank was a great creative, I saw him in Naples, many moons ago, his show was spectacular…..
Wherever you go, there you are.
  • #91
  • Dec 15, 2013 5:41pm Dec 15, 2013 5:41pm
Moving stop on USDJPY to 103.09. I don't think it will go there, and I don't think I want to be in anymore if it does. It changes the r/r from 1/3 to 1/4.75. Always looking to minimize risk when I can.
  • #92
  • Dec 15, 2013 7:44pm Dec 15, 2013 7:44pm
Stopped on USDJPY at half risk. Exited rest of CADJPY at 97.38. Moving stop on EURNZD to 1.6593. Short USDJPY (chart)
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  • #93
  • Dec 15, 2013 8:23pm Dec 15, 2013 8:23pm
Looks like USDJPY might have made a real top. I'm going to let this trade run and see if I can get 3X the initial risk by putting target at 102.53. I'm probably leaving a lot on the table, but that's good, I'll be very happy with 3X risk.
  • #94
  • Dec 16, 2013 5:56am Dec 16, 2013 5:56am
Quoting Zappa
{quote} Not seeing the chart. Where is your stop/target?
the image inst working? hmmm

got stopped out just under 103
Do what's right for you
  • #95
  • Dec 16, 2013 12:18pm Dec 16, 2013 12:18pm
Was hoping the move down would hit my limit while I slept last night, but it didn't. I'm still short USDJPY; extending target to 102.02, which makes this a 1/6 r/r trade. I might get out earlier, but I think this will go there. The EURNZD trade was exited manually for a very small loss, like 1.3 pips or something. I wish I would have let the trade just play out, because it would have been a winner, but I'm OK with the result because I don't like to leave a lot of risk open when going to sleep.

I'm pretty comfortable letting USDJPY ride down to 102.00. I don't see any spots to that point which would be suitable for a major reversal. The bull died last night when 103.00 broke, at least for now.
  • #96
  • Dec 16, 2013 12:46pm Dec 16, 2013 12:46pm
i see usd/jpy pinging between the 50 and 200 moving average on the 1 hour. monday is always a difficult day, low volume and uncertainty seen in the movements.
Do what's right for you
  • #97
  • Dec 16, 2013 1:02pm Dec 16, 2013 1:02pm
Quoting momochi
i see usd/jpy pinging between the 50 and 200 moving average on the 1 hour. monday is always a difficult day, low volume and uncertainty seen in the movements.
Yes, but Monday is just about over. I think this week could be volatile, given that the next two weeks will probably be pretty slow. Anyways, 100 pips in USDJPY is really not a big deal. It's normal, even in a slow week.
  • #98
  • Dec 16, 2013 5:32pm Dec 16, 2013 5:32pm
I'll be very surprised if this turns into a bull move.

When you look at the 15 minute (chart 1), it kind of looks bullish. This would have confused me in the past and that little move we had in the last hour would have made me change my mind and reverse. I have had direction right so many times over the years, only to get fooled out of it at the last second.

When you look at a 1-minute (chart 2), however, you can see that this move is very sloppy and weak. There really doesn't appear to be any spots where real buying occurred. This is not all I'm going off of to make a decision, but it is important to me.
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  • #99
  • Dec 17, 2013 10:22am Dec 17, 2013 10:22am
well done and thanks for sharing your thinking

i was long usd/cad so was looking for $ strength seems it came but the yen buying was evening stronger so we both won
Do what's right for you
  • #100
  • Dec 17, 2013 12:10pm Dec 17, 2013 12:10pm
Quoting momochi
well done and thanks for sharing your thinking i was long usd/cad so was looking for $ strength seems it came but the yen buying was evening stronger so we both won
Cool. Good job, momochi!

Setting the stop on this one to b/e. Letting it run to 102.00 for now if it will, but got my eye on it just in case something starts to change my opinion. Like I stated earlier, I don't see a reason why USDJPY would make a major reversal (at least one that's big enough to stop me out) before 102.00. In all reality, 102.00 is just the minimum. I'm probably setting a target way to close to what the potential is, but I have learned to be OK with that. In fact, why should I not be extremely happy with a 1/6 r/r trade that is a winner? Well, it seems obvious, but it has taken me a long time to realize this and to stop being a pig. I've been slaughtered many times for being a pig (apparently I am stubborn/hardheaded as shit). 1/6 is about the maximum that I'll go for anymore. I used to go for a lot more, but sometimes less is more.
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