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USD/JPY Discussion

  • #42,321
  • Jan 29, 2014 1:56pm Jan 29, 2014 1:56pm
Quoting MrketSniper
I am ready to see a rocket.
Gidday

Yeah tricky rooster

Got a few longs under water

Grasshoppers must have been on the curry last night
  • #42,322
  • Jan 29, 2014 1:57pm Jan 29, 2014 1:57pm
Quoting Trademunity
{quote} Yes, very close
I'm out Will wait for another setup.
May the Probability be with you!
  • #42,323
  • Jan 29, 2014 2:00pm Jan 29, 2014 2:00pm
I forgot to add to the mix a market profile sequence I use to measure continuation or change (it's telling me lower USD/JPY) and just for the hell of it the SAR system somewhere else in FF would be saying stay short with stops at 103.45 I think...So all the planets have lined up for me... Damn that usually ends in tears!
  • #42,324
  • Jan 29, 2014 2:04pm Jan 29, 2014 2:04pm
Quoting Trademunity
{quote} I'm out Will wait for another setup.
There is still indecision, price between 101.82 and 102.30, so no trade for now...
May the Probability be with you!
  • #42,325
  • Jan 29, 2014 2:05pm Jan 29, 2014 2:05pm
Quoting Hyperion
I forgot to add to the mix a market profile sequence I use to measure continuation or change (it's telling me lower USD/JPY) and just for the hell of it the SAR system somewhere else in FF would be saying stay short with stops at 103.45 I think...So all the planets have lined up for me... Damn that usually ends in tears!
LOL
  • #42,326
  • Jan 29, 2014 2:14pm Jan 29, 2014 2:14pm
Just went short.
  • #42,327
  • Jan 29, 2014 2:19pm Jan 29, 2014 2:19pm
So...the taper continues and the market does exactly the opposite of what was expected..makes sense ?
  • #42,328
  • Jan 29, 2014 2:20pm Jan 29, 2014 2:20pm
Quoting freundr
So...the taper continues and the market does exactly the opposite of what was expected..makes sense ?
  • #42,329
  • Jan 29, 2014 2:23pm Jan 29, 2014 2:23pm
Quoting freundr
So...the taper continues and the market does exactly the opposite of what was expected..makes sense ?
Thinks CNBC said something like 80% of traders were already expecting a 10b taper. That's why price is just hangin around the same spot. So once the dust settle...the trend ( in the case...it's down) will continue.
  • #42,330
  • Jan 29, 2014 2:25pm Jan 29, 2014 2:25pm
I have no ideo where we will go now... so i am watching it now..
  • #42,331
  • Jan 29, 2014 2:32pm Jan 29, 2014 2:32pm
Probably last minute to go long before it goes up around 102.3 around and continue to go up. Buy the rumors, sell the facts. Of course it is doing the opposite direction.
  • #42,332
  • Jan 29, 2014 3:05pm Jan 29, 2014 3:05pm
This USD likely continues down, with maybe a reaction or two.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY(Daily)20140129160338.png Size: 37 KB
  • #42,333
  • Jan 29, 2014 3:05pm Jan 29, 2014 3:05pm
If price breaks 102.38, I'm long.
Attached Image (click to enlarge)
Click to Enlarge Name: jpy.jpg Size: 70 KB
FF journal: Peaks and Troffs
  • #42,334
  • Jan 29, 2014 3:07pm Jan 29, 2014 3:07pm
This USD continues up with minor reaction
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF(Daily)20140129160417.png Size: 36 KB
  • #42,335
  • Jan 29, 2014 4:04pm Jan 29, 2014 4:04pm
The Fed's additional $10 billion tapering decision is causing USD strength and risk aversion (JPY strength) at the same time.
May the Probability be with you!
  • #42,336
  • Jan 29, 2014 4:10pm Jan 29, 2014 4:10pm
Quoting Trademunity
The Fed's additional $10 billion tapering decision is causing USD strength and risk aversion (JPY strength) at the same time.
unwillingness to "give up the ghost" too
  • #42,337
  • Jan 29, 2014 5:17pm Jan 29, 2014 5:17pm
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY - M15 (30.01.2014).PNG Size: 80 KB
"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." — Warren
  • #42,338
  • Jan 29, 2014 6:17pm Jan 29, 2014 6:17pm
It is usually risk a total of 5-6 pips to gain 10, however i became a little cautious with my approach and moved my stop limit. Still a very good rewarding 1:1 win ratio.
Attached Image (click to enlarge)
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  • #42,339
  • Jan 29, 2014 7:21pm Jan 29, 2014 7:21pm
The loss on the screen did go into the expected direction but took me out, this is always one of the problems with tight stop loss, however well worth keeping the great win ratio. The last win, easy 10 pip win, with only 5 pip risk. Literally 15 minutes, pure scalping.
Attached Image (click to enlarge)
Click to Enlarge Name: SR 225.jpg Size: 119 KB
  • #42,340
  • Jan 29, 2014 7:30pm Jan 29, 2014 7:30pm
Quoting Trademunity
The Fed's additional $10 billion tapering decision is causing USD strength and risk aversion (JPY strength) at the same time.
You're actually right (IMHO).
It will be interesting to see the outcome.
As FOMC didn't "shake things loose" maybe tomorrow GDP will ??
When the Joker is in the deck.. fear not and play it well
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