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USD/JPY Discussion

  • #42,601
  • Feb 3, 2014 3:51pm Feb 3, 2014 3:51pm
1h close above that red line aka 101.19 will take us towards daily pivot.My target still is 101.90 area..GL


5lots open STOPLOSS @ BE
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Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #42,602
  • Feb 3, 2014 4:13pm Feb 3, 2014 4:13pm
should at least bounce from about here
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  • #42,603
  • Edited 7:29pm Feb 3, 2014 7:15pm | Edited 7:29pm
Quoting eliteincome
Hello US/JPY YEN Masters are hard core gamblers they will be back to light up the charts
Count me as one of those...

Actually took a big loss last night on this down move and kinda pissed that I was foolish enough to mess up the short-term success I had earned, and now I have to start over yet again (with options), but hey that's trading for ya. It seems whenever I get a glimpse of success, I always do something... somehow... to fuck it up. Maybe because it also helps to trade sober... and when you're not exhausted.

Good job bears and yes allisonmagic you were right. You got past me

But rest assured, I will be back.
Please check out my blog at https://from-zero-to-hero . net
  • #42,604
  • Feb 3, 2014 7:17pm Feb 3, 2014 7:17pm
more yen strength for the rest of this week. hope you guys identify it and manage risk. gonna be some serious moves
  • #42,605
  • Feb 3, 2014 7:18pm Feb 3, 2014 7:18pm
Quoting smash1820
{quote} Count me as one of those... Actually took a big loss last night on this down move and kinda messed up the short-term success I had seen, so now I have to start over again (with options), but hey that's trading for ya. It seems whenever I get a nice glimpse of success, I always do something... somehow... to fuck it up. Good job bears and yes allisonmagic you were right. You got past me But rest assured, I will be back.

no worries. We are Legion
  • #42,606
  • Feb 3, 2014 7:23pm Feb 3, 2014 7:23pm
HELL YEAH!

Thanks for the warning btw about yen strength. Noted.
Please check out my blog at https://from-zero-to-hero . net
  • #42,607
  • Feb 3, 2014 7:24pm Feb 3, 2014 7:24pm
http://www.dailyfx.com/forex/video/t..._Collapse.html

very good info about what's going on
  • #42,608
  • Feb 3, 2014 7:25pm Feb 3, 2014 7:25pm
Quoting smash1820
HELL YEAH! Thanks for the warning btw about yen strength. Noted.
whatever i can do to help everyone. just making my contribution
  • #42,609
  • Feb 3, 2014 7:48pm Feb 3, 2014 7:48pm
Quoting allisonmagic
{quote} whatever i can do to help everyone. just making my contribution

Do you still like your AUD/USD short (to 8049) for now ?
When the Joker is in the deck.. fear not and play it well
  • #42,610
  • Feb 3, 2014 7:53pm Feb 3, 2014 7:53pm
Quoting Slim Buffett
{quote} Do you still like your AUD/USD short (to 8049) for now ?

i'm not short audusd at the moment. i was just giving my sentiment. yes i think it's still a bearish pair, even after the rate decision
  • #42,611
  • Feb 3, 2014 8:08pm Feb 3, 2014 8:08pm
Quoting allisonmagic
{quote} i was just giving my sentiment. yes i think it's still a bearish pair, even after the rate decision
Sooner or later it all comes true.

In trading, I like to live in the "present" for whatever that means.

best........
When the Joker is in the deck.. fear not and play it well
  • #42,612
  • Feb 3, 2014 8:08pm Feb 3, 2014 8:08pm
waiting for an entry on the USDJPY.. we haven't completed our swing high yet. when it hits i'll be hammering this bitch again. for the moment i'm gonna wait it out
  • #42,613
  • Feb 3, 2014 8:09pm Feb 3, 2014 8:09pm
Quoting Slim Buffett
{quote} Sooner or later it all comes true. In trading, I like to live in the "present" for whatever that means. best........

for sure, i'm not very patient so this is a tough job for me lol
  • #42,614
  • Feb 3, 2014 8:10pm Feb 3, 2014 8:10pm
Quoting smash1820
{quote} Count me as one of those... Actually took a big loss last night on this down move and kinda pissed that I was foolish enough to mess up the short-term success I had earned, and now I have to start over yet again (with options), but hey that's trading for ya. It seems whenever I get a glimpse of success, I always do something... somehow... to fuck it up. Maybe because it also helps to trade sober... and when you're not exhausted. Good job bears and yes allisonmagic you were right. You got past me But rest assured, I will be back....
I took a decent loss on a long in gbp/yen last night. Recovered today though going long just under 101 with 3 lots.
"A true speculator tries the market small." - Jesse Livermore
  • #42,615
  • Feb 3, 2014 8:19pm Feb 3, 2014 8:19pm
Quoting allisonmagic
i'm not very patient so this is a tough job for me lol
me too!

that's why i trade hourly expirations.

Quoting Jgcole83
I took a decent loss on a long in gbp/yen last night. Recovered today though going long just under 101 with 3 lots.
ouch. g/j would be a tough pair to be long last night -- even though i'm still net bullish the pair. i pretty much made the same mistake except with u/j. nice job recovering though! i know that can be hhard work. i'm working on a recovery as we speak, but sadly, it'll take some time now to regain the 3,000%+ i just lost.

greed sucks!!!
Please check out my blog at https://from-zero-to-hero . net
  • #42,616
  • Feb 3, 2014 8:22pm Feb 3, 2014 8:22pm
Quoting smash1820
{quote} me too! that's why i trade hourly expirations. {quote} ouch. g/j would be a tough pair to be long last night -- even though i'm still net bullish the pair. i pretty much made the same mistake except with u/j. nice job recovering though! i'm working on a recovery as we speak, but sadly, it'll take some time now to regain the 3,000%+ i just lost. greed sucks!!!
Yeah, I wasn't down that much but waited for pmi to come out because GBP has been so strong and got hosed.
"A true speculator tries the market small." - Jesse Livermore
  • #42,617
  • Feb 3, 2014 8:22pm Feb 3, 2014 8:22pm
Quoting smash1820
{quote} me too! that's why i trade hourly expirations. {quote} ouch. g/j would be a tough pair to be long last night -- even though i'm still net bullish the pair. i pretty much made the same mistake except with u/j. nice job recovering though! i'm working on a recovery as we speak, but sadly, it'll take some time now to regain the 3,000%+ i just lost. greed sucks!!!
Ouch! 3000%? Did you not have a stop loss in place? You must have had some major gains to be able to stomach that lol. Green pips to ya!
“The chicken is only an egg’s way for making another egg.” R. Dawkins
  • #42,618
  • Feb 3, 2014 8:31pm Feb 3, 2014 8:31pm
Quoting smash1820
{quote} it'll take some time now to regain the 3,000%+ i just lost. greed sucks!!!
Perhaps you should think about the last time I replied to you ?

When the Joker is in the deck.. fear not and play it well
  • #42,619
  • Feb 3, 2014 8:36pm Feb 3, 2014 8:36pm
Tuesday should be another down day for U/J. Has already put in a 38.2% retrace of Monday's move. Expect at least another low past 100.77. Giving a specific target below there is just guesswork.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #42,620
  • Edited 8:55pm Feb 3, 2014 8:39pm | Edited 8:55pm
Quoting Jgcole83
Yeah, I wasn't down that much but waited for pmi to come out because GBP has been so strong and got hosed.
Well, as long as we learn from our mistakes, right?

Quoting Jason1551
Ouch! 3000%? Did you not have a stop loss in place? You must have had some major gains to be able to stomach that lol. Green pips to ya!
Yeah... tell me about it (actually, don't). I'm honestly a bit embarrassed about what happened last night, because I should have known better. For some reason I have to repeat the same mistake about 10 times over before it actually "clicks" in my head and I can learn from it... lol

I can't tell you the number of times I've busted my account, but that's probably because my expectations are so high. 1,000% even 10,000% for me is never enough!

And yes, I am an extremely aggressive trader but only because I have a wicked good system that I trust beyond the shadow of a doubt if I'm actually sober enough to interpret the signals That is why I'm so mad for losing last night b/c my system was telling me to go short but I didn't follow the signal because I let my own bias get in the way. I also feel asleep in the middle of the trade and well, yeah, that doesn't help either. You sure need some thick skin to trade binary options the way I do. It's definitely not for everyone, but I love it. No other form of trading comes close, in my opinion. It's great for dreamers like me But I have been sharpening my day trading skills and system for a few years now and I won't settle for anything less than perfection -- even if it means the harder and longer road to success -- so I guess I'm not your average trader.

Btw, I don't use a stop loss. But I bet y'all are thinking that I should! I prefer to keep a close eye on the market though and just exit the trade should things start to head south. It works well... as long as you are awake!
Please check out my blog at https://from-zero-to-hero . net
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