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USD/JPY Discussion

  • #43,561
  • Feb 26, 2014 11:36am Feb 26, 2014 11:36am
Quoting Paulenok
Bought here, will buy again after home sale numbers release
sweet pips, lovely data from US
  • #43,562
  • Feb 26, 2014 11:39am Feb 26, 2014 11:39am
Stops 102.50 from yesterdays position triggered here
  • #43,563
  • Feb 26, 2014 11:40am Feb 26, 2014 11:40am
Quoting fallinz
What's happening? Why it keeps rising???
Well in my view likeI have mentioned, buyers have been coming in on the dips the past few days building momentum along the way. When the 102.00 area wasnt broken the only to go was flat or up. Sellers ran out of steam. This could be noted by divergence on OBV. I also had further validation in relation to where price was trading in regards to its percieved value using market profile which pretty much signaled some type of upward movement was underway.

In short Byers stepped in and sellers got tired and now stops are either getting triggered or will be soon.
  • #43,564
  • Feb 26, 2014 11:44am Feb 26, 2014 11:44am
Quoting Trendzalore
{quote} Well in my view likeI have mentioned, buyers have been coming in on the dips the past few days building momentum along the way. When the 102.00 area wasnt broken the only to go was flat or up. Sellers ran out of steam. This could be noted by divergence on OBV. I also had further validation in relation to where price was trading in regards to its percieved value using market profile which pretty much signaled some type of upward movement was underway. In short Byers stepped in and sellers got tired and now stops are either getting triggered...
Appreciate for your opinion, I am short for few trades and now I am having some trouble. I am a novice but will try to learn as much as possible to be a good trader surviving in this currency market.
  • #43,565
  • Feb 26, 2014 11:50am Feb 26, 2014 11:50am
Quoting fallinz
{quote} Appreciate for your opinion, I am short for few trades and now I am having some trouble. I am a novice but will try to learn as much as possible to be a good trader surviving in this currency market.
One of the best things any trader can learn is to know when to cut losses when it is obvious their idea has been invalidated. Always know where your trade idea is invalidated and exit and be ready for the next trade. Took me a really long time to learn that. Dont be discouraged by losing, its part of the game and NO trader can tell you they didnt lose at some point.

Best of fortune to you.
  • #43,566
  • Feb 26, 2014 11:52am Feb 26, 2014 11:52am
hello.
I'm very angry today
I was long on uj from 102,16 with target 102,60 and above
The pricce action with the long red candle highlated in the chart take the sl in BE and then go in the direction of my analysis.
It's also too late to reenter with another long
Attached Image
  • #43,567
  • Feb 26, 2014 11:54am Feb 26, 2014 11:54am
Quoting 81raffae
hello. I'm very angry today I was long on uj from 102,16 with target 102,60 and above The pricce action with the long red candle highlated in the chart take the sl in BE and then go in the direction of my analysis. It's also too late to reenter with another long {image}
Yep that´s how the market likes it
  • #43,568
  • Feb 26, 2014 11:54am Feb 26, 2014 11:54am
Quoting Trendzalore
{quote} One of the best things any trader can learn is to know when to cut losses when it is obvious their idea has been invalidated. Always know where your trade idea is invalidated and exit and be ready for the next trade. Took me a really long time to learn that. Dont be discouraged by losing, its part of the game and NO trader can tell you they didnt lose at some point. Best of fortune to you.
Respect
  • #43,569
  • Feb 26, 2014 11:59am Feb 26, 2014 11:59am
Quoting 81raffae
hello. I'm very angry today I was long on uj from 102,16 with target 102,60 and above The pricce action with the long red candle highlated in the chart take the sl in BE and then go in the direction of my analysis. It's also too late to reenter with another long {image}
I can tell you are risk averse person, that means losses take a much bigger toll on you than gains. You opened long at 102.16, and today's low 102.087 according to OANDA.
What can be suggested here, if you have platform opened- set your own psychological stop, if not -set SL/TP and close the platform.
  • #43,570
  • Feb 26, 2014 12:09pm Feb 26, 2014 12:09pm
looking for possible short entry at 102.00, just as it break out of triangle support. Thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy26.jpg Size: 85 KB
  • #43,571
  • Feb 26, 2014 12:11pm Feb 26, 2014 12:11pm
Quoting PayTheLimit
I'm short under 102.40, if I saw us take 102.62 out, I would look for pullback to long, or look for longs near 101.50/60..
shorts didn't pan out, looks like we are going to take 102.62 out shortly, will look for a spot to long tomorrow, that's it for me...gl
Look Sharp/Trade Tight
  • #43,572
  • Feb 26, 2014 12:15pm Feb 26, 2014 12:15pm
Quoting Paulenok
{quote} I can tell you are risk averse person, that means losses take a much bigger toll on you than gains. You opened long at 102.16, and today's low 102.087 according to OANDA. What can be suggested here, if you have platform opened- set your own psychological stop, if not -set SL/TP and close the platform.
Sorry for my english, but what doet it means? you want to say that for me is more important to avoid the loss than take a profit?
  • #43,573
  • Feb 26, 2014 12:30pm Feb 26, 2014 12:30pm
Hey 81raffae, welcome to the trading world, its not an easy road as many here will confirm.
You will need to learn so much about yourself that you never dreamed possible.
Only once you have mastered and understand yourself will you have a clue as to your future.
You will need to understand trade setups, and the probabilities thereof... then you will have to work on yourself again....
This is a journey without end....
Best Wishes... dont get angry just get better...
Carpe Vinum.
  • #43,574
  • Feb 26, 2014 12:48pm Feb 26, 2014 12:48pm
Quoting ZA Rhino
Hey 81raffae, welcome to the trading world, its not an easy road as many here will confirm. You will need to learn so much about yourself that you never dreamed possible. Only once you have mastered and understand yourself will you have a clue as to your future. You will need to understand trade setups, and the probabilities thereof... then you will have to work on yourself again.... This is a journey without end.... Best Wishes... dont get angry just get better...
thanks.
The post is only a way to went my anger.
I'll live certainly other situation like this. Is the nature of the market and we can't do anything to avoid this situation
  • #43,575
  • Feb 26, 2014 1:03pm Feb 26, 2014 1:03pm
Quoting 81raffae
hello. I'm very angry today I was long on uj from 102,16 with target 102,60 and above The pricce action with the long red candle highlated in the chart take the sl in BE and then go in the direction of my analysis. It's also too late to reenter with another long {image}

Why was 102.16 your stop? why not 102.00??
Twitter: @TrendersGame
  • #43,576
  • Feb 26, 2014 1:03pm Feb 26, 2014 1:03pm
i'm just not convinced about this rally. i think i'll drop.
use leverage with caution...
  • #43,577
  • Feb 26, 2014 1:13pm Feb 26, 2014 1:13pm
Quoting Citiboy
{quote} Why was 102.16 your stop? why not 102.00??
beacause i long the highlighted candle with stopo below the shadowand then i move the stop in BE.
Now i'm waiting a retrace to re-long. I have a support in 102,40
Attached Image
  • #43,578
  • Feb 26, 2014 1:40pm Feb 26, 2014 1:40pm
Quoting 81raffae
{quote} beacause i long the highlighted candle with stopo below the shadowand then i move the stop in BE. Now i'm waiting a retrace to re-long. I have a support in 102,40 {image}
ok
i try a long 102,42
  • #43,579
  • Feb 26, 2014 1:44pm Feb 26, 2014 1:44pm
Quoting 81raffae
{quote} ok i try a long 102,42
My friendly 2 cents advice. Avoid taking a new pos at this hour of day. Wait for TY open at least.
Don't be smart. Be rich.
  • #43,580
  • Feb 26, 2014 1:50pm Feb 26, 2014 1:50pm
Quoting maximinus
{quote} My friendly 2 cents advice. Don't take a new pos at this hour of day. Wait for TY open at least.
Thanks. For low volume?
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