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USD/JPY Discussion

  • #41,221
  • Jan 8, 2014 10:07am Jan 8, 2014 10:07am
Quoting wannabtrader
{quote} this will turn into a long discussion . its not about trading against the trend, but its about buying low selling high. that trade i posted is a sell at what i would consider the top of the range. i have not found a way to trade trends properly to be honest. my profit targets are always relatively close. just how i trade, not saying its the only way. and now i am confusing myself in this post


'Countertrend Trading'

A type of swing-trading strategy that assumes a current trading trend will reverse and attempts to profit from that reversal. Countertrend trading is a medium-term strategy in which positions are held between several days and several weeks. Countertrend traders rely on graphs (such as the Bollinger Band), indicators (such as the Aroon indicator) and oscillators (such as the relative strength index or Chande momentum oscillator) to make their decisions.
  • #41,222
  • Jan 8, 2014 10:09am Jan 8, 2014 10:09am
Quoting izzas
{image}
good chart, looks like mine different indis
edit i dont like to post my actual charts with indis and stuff just post basic charts with levels.
  • #41,223
  • Jan 8, 2014 10:10am Jan 8, 2014 10:10am
Quoting forexvegan
{quote} Please tell us how do you confirm a downtrend? Indicator? I use moving averages on a higher timeframe.
diffrent ways,
  • #41,224
  • Jan 8, 2014 10:13am Jan 8, 2014 10:13am
Quoting Rizmeister
I must admit it really is funny(though losses are real very real) I can find the humor in it. My girlfriend laughed! I am like seriously babe.(No spa for you this week) HA! Yeah I came out ahead. As long as I get my weekly payout. I am very happy.
That's all that matter's. Good for you to still have a paycheck at the end of the week. Safe trading!!!
Faith ends where worry begins, and worry ends where faith begins.
  • #41,225
  • Jan 8, 2014 10:14am Jan 8, 2014 10:14am
Quoting Rizmeister
I wonder if the market is already factoring in this months taper? We "know" its going to be a figure like 10 billion or so. Will there be movement on the this taper amount or only if its higher. That is the QUESTION at hand!
Is there an announcement that comes out that says the amount? If so when is it? Anyone know. Thanks in advanced.
Faith ends where worry begins, and worry ends where faith begins.
  • #41,226
  • Jan 8, 2014 10:15am Jan 8, 2014 10:15am
Quoting izzas
{image}
I don't understand your chart. Is this a buy or sell?
Faith ends where worry begins, and worry ends where faith begins.
  • #41,227
  • Jan 8, 2014 10:18am Jan 8, 2014 10:18am
Quoting PoundTrader
{quote} 'Countertrend Trading' A type of swing-trading strategy that assumes a current trading trend will reverse and attempts to profit from that reversal. Countertrend trading is a medium-term strategy in which positions are held between several days and several weeks. Countertrend traders rely on graphs (such as the Bollinger Band), indicators (such as the Aroon indicator) and oscillators (such as the relative strength index or Chande momentum oscillator) to make their decisions.

my trades are not always counter trend.
the buy on usd/jpy is posted was with the trend i just closed it at the top of the range.

like i said poundtrader this will be a long discussion .
if you see my charts maybe you will understand my reasoning, i hope
  • #41,228
  • Jan 8, 2014 10:18am Jan 8, 2014 10:18am
They have their FOMC Meeting Minutes is at 2PM Eastern they will discuss all the goodies!
  • #41,229
  • Jan 8, 2014 10:21am Jan 8, 2014 10:21am
Quoting forexvegan
{quote} I don't understand your chart. Is this a buy or sell?

looks very similar to the sell i posted earlier
  • #41,230
  • Jan 8, 2014 10:21am Jan 8, 2014 10:21am
Quoting forexvegan
{quote} I don't understand your chart. Is this a buy or sell?
its a buy..
  • #41,231
  • Jan 8, 2014 10:22am Jan 8, 2014 10:22am
Quoting wannabtrader
{quote} my trades are not always counter trend. the buy on usd/jpy is posted was with the trend i just closed it at the top of the range. like i said poundtrader this will be a long discussion . if you see my charts maybe you will understand my reasoning, i hope
let me back up, in no way was i judging how you trade, if that what you took from our talk im sorry , we all have our own way of trading
  • #41,232
  • Jan 8, 2014 10:25am Jan 8, 2014 10:25am
Quoting Rizmeister
They have their FOMC Meeting Minutes is at 2PM Eastern they will discuss all the goodies!
Sweet can't wait.
Faith ends where worry begins, and worry ends where faith begins.
  • #41,233
  • Jan 8, 2014 10:26am Jan 8, 2014 10:26am
Quoting izzas
{quote} its a buy..
That's what I thought but wasn't sure. Thanks.
Faith ends where worry begins, and worry ends where faith begins.
  • #41,234
  • Jan 8, 2014 10:27am Jan 8, 2014 10:27am
Quoting PoundTrader
{quote} let me back up, in no way was i judging how you trade, if that what you took from our talk im sorry , we all have our own way of trading

no problem, i understand.
what i understand is that you disagree with trading against the trend.
whereas i am not too concerned with that but more with buying low selling high.

you are right we all trade our own way.
interesting discussion bud
  • #41,235
  • Jan 8, 2014 10:29am Jan 8, 2014 10:29am
Quoting izzas
{quote} its a buy..

sorry my mistake, thought it was a sell.
on my charts green line is entry red line sl/tp
  • #41,236
  • Jan 8, 2014 10:31am Jan 8, 2014 10:31am
Quoting Rizmeister
They have their FOMC Meeting Minutes is at 2PM Eastern they will discuss all the goodies!
Hoping they are streaming it on the Federal Reserve online page.
Faith ends where worry begins, and worry ends where faith begins.
  • #41,237
  • Jan 8, 2014 11:00am Jan 8, 2014 11:00am
EU and AU are moving. Not sure what's holding up the UJ
  • #41,238
  • Jan 8, 2014 11:04am Jan 8, 2014 11:04am
Quoting flipnfaith
EU and AU are moving. Not sure what's holding up the UJ
umhmmm. We need people to run to the USD.
  • #41,239
  • Edited 11:35am Jan 8, 2014 11:05am | Edited 11:35am
Quoting flipnfaith
EU and AU are moving. Not sure what's holding up the UJ
Not sure looks like the dollar is getting stronger for the other pairs except u.j. Weird.
Faith ends where worry begins, and worry ends where faith begins.
  • #41,240
  • Jan 8, 2014 11:23am Jan 8, 2014 11:23am
Quoting forexvegan
{quote} Not sure looks like the dollar is getting stronger. Weird.
what i like to do when the dollar get stronger i buy the dollar aginst the weaker pairs, like i would sell aud/usd and nzd/usd
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