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USD/JPY Discussion

  • #41,181
  • Jan 8, 2014 7:21am Jan 8, 2014 7:21am
not actually keen for a sell here.
cancel sell limit.
  • #41,182
  • Jan 8, 2014 7:29am Jan 8, 2014 7:29am
Not a good sign for bulls after the ADP figure it still couldnt push up
  • #41,183
  • Jan 8, 2014 7:32am Jan 8, 2014 7:32am
Gotta wait until the clutter disappears and the dust ball! USD is trading much higher. You could be right well see in a few mins.
  • #41,184
  • Jan 8, 2014 7:33am Jan 8, 2014 7:33am
Quoting brinks
Not a good sign for bulls after the ADP figure it still couldnt push up

but was has changed.
shouldn't it still go up ?

maybe if ADP figure was negative it would go down.
  • #41,185
  • Jan 8, 2014 7:34am Jan 8, 2014 7:34am
Quoting wannabtrader
{quote} thanks bud. what are your thoughts for usd/jpy today ?
bulls are getting weak but there's no clear signs to sell yet
  • #41,186
  • Jan 8, 2014 7:35am Jan 8, 2014 7:35am
Quoting wannabtrader
{quote} but was has changed. shouldn't it still go up ? maybe if ADP figure was negative it would go down.
Nothing has changed at all but maybe the pair needs to shake some longs off first before moving up
  • #41,187
  • Jan 8, 2014 7:36am Jan 8, 2014 7:36am
Quoting PoundTrader
{quote} bulls are getting weak but there's no clear signs to sell yet

there was a good reaction at 105, maybe as a result of negative ADP forecast.
but now idk, don't want to sell there.
  • #41,188
  • Jan 8, 2014 7:38am Jan 8, 2014 7:38am
Quoting brinks
{quote} Nothing has changed at all but maybe the pair needs to shake some longs off first before moving up

fair enough, you may be right.
  • #41,189
  • Jan 8, 2014 7:41am Jan 8, 2014 7:41am
I forgot the release was at 815 and I fell asleep and forgot to wake up! My long was down alot...then i changed positions and data release hit!! Should have check the damn calender. I moved against it twice you can get the picture!
  • #41,190
  • Jan 8, 2014 7:42am Jan 8, 2014 7:42am
Quoting wannabtrader
{quote} fair enough, you may be right.
I doubt it

it could just be caution ahead of FOMC and NFP on friday.

i think nikkei futures were down earlier also not helping
  • #41,191
  • Jan 8, 2014 7:46am Jan 8, 2014 7:46am
I am honestly not even in the mood to trade right now. This week has been awesome and I make this silly mistake ahahah
  • #41,192
  • Jan 8, 2014 7:47am Jan 8, 2014 7:47am
I never trade news/data. I had a 2k dollar day yesterday and the day before. Lost about 1200 with the data release could be more. I had news/data sometimes. Feeling super defeated. I am going back to bed.
  • #41,193
  • Jan 8, 2014 7:54am Jan 8, 2014 7:54am
Quoting Rizmeister
I am honestly not even in the mood to trade right now. This week has been awesome and I make this silly mistake ahahah

i don't really care about news either, but just trying to be more cautious.
could have made 200pips yesterday if i went with obvious news.

also think i maybe done for the day.
  • #41,194
  • Jan 8, 2014 7:55am Jan 8, 2014 7:55am
Quoting wannabtrader
{quote} i don't really care about news either, but just trying to be more cautious. could have made 200pips yesterday if i went with obvious news. also think i maybe done for the day.

Funny thing is I accidently bought just now too..lmfao I am too tired no sleep! OMG I WOULD HAVE MADE 300 plus back...i cant believe this shit...3 hour sleep will do to you.....I have never fucked up like this in my trading career, its all good. I cannot fret. 1420 down from this news/mess up due to no sleep. Feeling defeated thats all.. Anyways back to bed.
  • #41,195
  • Jan 8, 2014 8:06am Jan 8, 2014 8:06am
maybe dont trade when drunk/tired.
im just joking

so are you short now ?

edit sorry forgot quote riz
  • #41,196
  • Jan 8, 2014 8:09am Jan 8, 2014 8:09am
Quoting wannabtrader
maybe dont trade when drunk/tired. im just joking so are you short now ? edit sorry forgot quote riz

You're absolutely right!! haha I then short to try and make some back...and I put a buy in! I would have made back 400 easy! I am short yes. See what happens at the first FIBO level. This is actually a great test of my will and trading discipline.
  • #41,197
  • Jan 8, 2014 8:10am Jan 8, 2014 8:10am
Agreed
  • #41,198
  • Jan 8, 2014 8:12am Jan 8, 2014 8:12am
I have a few rules....trend is best friend, never over trade, keep it simple and be confident in your trade. Everything I stated I didn't follow! ha! If I can make 500 back today, if the market allows for it I will be happy bc I will still be up on the day. I made EXTRA EXTRA late last night because I couldn't sleep ha.
  • #41,199
  • Jan 8, 2014 8:21am Jan 8, 2014 8:21am
looks like gbp/usd and aud/usd have broken out to the upside.
m30 ranges.
  • #41,200
  • Jan 8, 2014 8:25am Jan 8, 2014 8:25am
if i was going to sell it would be at 105 ish
tp around 104.30
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