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USD/JPY Discussion

  • #43,161
  • Feb 14, 2014 8:18am Feb 14, 2014 8:18am
Quoting allisonmagic
why are so many FF idiots bullish dollar ? the US dollar stopped moving up in 1988 when it was at 144 against the JPY. ever since then it's been getting weaker, and weaker, and weaker.. guess what ? we are at the top of the downward channel ! O.o {image}
depends on timframe my friend...there are scalpers, intraday traders too
f(z)=z2+c
  • #43,162
  • Feb 14, 2014 8:31am Feb 14, 2014 8:31am
Quoting hathor
{quote} depends on timframe my friend...there are scalpers, intraday traders too

thank you for pointing that out. makes complete sense
  • #43,163
  • Feb 14, 2014 8:36am Feb 14, 2014 8:36am
Long term and short term...really isn't rocket science
  • #43,164
  • Feb 14, 2014 8:51am Feb 14, 2014 8:51am
Quoting allisonmagic
why are so many FF idiots bullish dollar ? the US dollar stopped moving up in 1988 when it was at 144 against the JPY. ever since then it's been getting weaker, and weaker, and weaker.. guess what ? we are at the top of the downward channel ! O.o {image}
We ll at least you put up a reason for your confusion with dollar bulls. However, if you are clever enough to go back to such a long term timeframe it should have been obvious to you that people bullish on the dollar are more short term than your chart. Shorting the yen last year would have had traders Broke so.....

All the same I hadnt paid much note to that and I'l keep it in my back pocket for further research.
  • #43,165
  • Feb 14, 2014 9:17am Feb 14, 2014 9:17am
Long again!
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  • #43,166
  • Feb 14, 2014 9:33am Feb 14, 2014 9:33am
Quoting allisonmagic
why are so many FF idiots bullish dollar ? the US dollar stopped moving up in 1988 when it was at 144 against the JPY. ever since then it's been getting weaker, and weaker, and weaker.. guess what ? we are at the top of the downward channel ! O.o {image}
Show me your U/J short with minimum 500 pips per position then I will declare you are a genius.

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  • #43,167
  • Feb 14, 2014 9:49am Feb 14, 2014 9:49am
Quoting Ken A
{quote} Show me your U/J short with minimum 500 pips per position then I will declare you are a genius. {image}
wow, you got too many U/J long.
  • #43,168
  • Feb 14, 2014 10:16am Feb 14, 2014 10:16am
I guess the big boys in the U.S. want the dollar to sink
  • #43,169
  • Feb 14, 2014 10:40am Feb 14, 2014 10:40am
Quoting strat1x
I guess the big boys in the U.S. want the dollar to sink
I hate guessing, because you never know if you're right, and gives you impulses that might lead you to false action... So stricktly charts and tehnical analysis, do it like an engineer, not like a prophet.
f(z)=z2+c
  • #43,170
  • Feb 14, 2014 10:48am Feb 14, 2014 10:48am
Quoting 2301041124
{quote} wow, you got too many U/J long.
What do you mean?
Have you noticed that they are all in profit??
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #43,171
  • Feb 14, 2014 10:52am Feb 14, 2014 10:52am
Quoting Exodus
{quote} What do you mean? Have you noticed that they are all in profit??

  • #43,172
  • Feb 14, 2014 10:58am Feb 14, 2014 10:58am
Why do you guys open many positions in one direction and not just one big one in that direction? What is the reasoning behind that?
  • #43,173
  • Feb 14, 2014 11:12am Feb 14, 2014 11:12am
Quoting strat1x
Why do you guys open many positions in one direction and not just one big one in that direction? What is the reasoning behind that?
NEVER put all your egss in one basket is one reason. Another is they may have caught a trend and let profits run and see another opportunity to buy on a retrace once trend resumes. Catching a trend and adding in the trend direction at opportune time is a great way to build a realy nice profit. Short term traders dont do that much but longer term traders do it all the time.
  • #43,174
  • Feb 14, 2014 11:14am Feb 14, 2014 11:14am
Quoting strat1x
Why do you guys open many positions in one direction and not just one big one in that direction? What is the reasoning behind that?
You can manage them more precisely, you can treat the entries with different strategies.
For example: if you have 10 times 0,1lot entry, than you can use 10 different trailing stops, and that can help you to follow a trend without stopping you out at one point...
f(z)=z2+c
  • #43,175
  • Feb 14, 2014 11:57am Feb 14, 2014 11:57am
Quoting Mr.C
Hey traders. Placed USD/JPY pending sell @ 102,480 with SL @ 102,880 to my bag. Green pips to all!
USD/JPY: order canceled. Didn't get the price.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #43,176
  • Feb 14, 2014 12:59pm Feb 14, 2014 12:59pm
this aint moving today
  • #43,177
  • Feb 14, 2014 1:40pm Feb 14, 2014 1:40pm
Quoting strat1x
Why do you guys open many positions in one direction and not just one big one in that direction? What is the reasoning behind that?
What I do is if the first entry doesn't go my way, I can double down on retracement and bail out the first entry. If it goes my way, my positions just snowballed. If not I pull the plug and profit or break even with the second trade. My risk tolerance is about 3-4 rescue attempt before I take a lost. Usually I double up on each rescue mission, but of cause its viable and depends on market condition. If I just go one big lot, I really don't have much to do besides praying, and that usually never works.

Just double up on my gpy/jpy short at 170.500, i started short on 170.000. Since my second entry is double the size, ill break even if it hit 170.250 cause my positions just got averaged out. Really shouldn't trade that but oh well. Next rescue mission level at approximately 171 if it keeps going up. :/
  • #43,178
  • Feb 14, 2014 2:36pm Feb 14, 2014 2:36pm
Quoting Kenjlau
{quote} What I do is if the first entry doesn't go my way, I can double down on retracement and bail out the first entry. If it goes my way, my positions just snowballed. If not I pull the plug and profit or break even with the second trade. My risk tolerance is about 3-4 rescue attempt before I take a lost. Usually I double up on each rescue mission, but of cause its viable and depends on market condition. If I just go one big lot, I really don't have much to do besides praying, and that usually never works. Just double up on my gpy/jpy short at...
Let me just say.............messing with JPY pairs like that is a sure way to get wiped out in one fell swoop. JPY can pop 100 pips in 10 minutes every now and then.
  • #43,179
  • Feb 14, 2014 3:02pm Feb 14, 2014 3:02pm
Quoting allisonmagic
why are so many FF idiots bullish dollar ? the US dollar stopped moving up in 1988 when it was at 144 against the JPY. ever since then it's been getting weaker, and weaker, and weaker.. guess what ? we are at the top of the downward channel ! O.o {image}
It is also retracing from 61.8 on the weekly chart.

What shitty week it was but i still managed to scalp 110 pips out of this sucka which is not bad at all... i guess i got lucky. Green pips to all next week.
  • #43,180
  • Feb 14, 2014 3:04pm Feb 14, 2014 3:04pm
Quoting atx_sonu
{quote} It is also retracing from 61.8 on the weekly chart. What shitty week it was but i still managed to scalp 110 pips out of this sucka which is not bad at all... i guess i got lucky. Green pips to all next week.
Long Or short? now what!
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