USD/JPY Discussion | Page 2245 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #44,881
  • Apr 15, 2014 11:03pm Apr 15, 2014 11:03pm
Quoting Pip Anon
{quote} Well 104 right after 103, if there is a convincing takeover. USDJPY likes to move in blocks of 100
Yup right on!! UJ sure likes to move in blocks and never in smooth trendlines.
Make your losses in demo. Earn your profits live.
  • #44,882
  • Apr 15, 2014 11:05pm Apr 15, 2014 11:05pm
nikkei up 500 points from ny intraday low.
very fast and sharp moves, id be wary
  • #44,883
  • Apr 15, 2014 11:07pm Apr 15, 2014 11:07pm
Isn't there a strong resis @ 102.329? Looks pretty solid.
A word to the wise ain't necessary - it's the stupid ones that need advice
  • #44,884
  • Apr 15, 2014 11:12pm Apr 15, 2014 11:12pm
Quoting Nocturnes
Isn't there a strong resis @ 102.329? Looks pretty solid.
Which tf?
Make your losses in demo. Earn your profits live.
  • #44,885
  • Apr 15, 2014 11:13pm Apr 15, 2014 11:13pm
Quoting smash1820
{quote} Oh I guess I'm alright... you know, still trying to make it Perhaps I've got a little too much time on my hands to be creepin' around the forums like this though, lol No, I didn't actually see that move in the S&P or equities lately, but I'll def check it out! I use be a daytrader at a prop firm and trade the S&P every day, but it didn't quite work out and now I'm back to the cheap form of trading, that is FX. I still trade the S&P occasionally, but my focus is U/J. I wouldn't be surprised to see an S&P at 1,900...
Very much so. My biggest problem when I first started with impulse trading. Not that I was gambling on a trade so much more than not waiting for a proper entry. Sometimes I still get an itch. It takes time.

Just work on it, it takes time. Richard Denis, who trained the "turtles," said you could publish all his rules but it wouldn't matter because nobody would follow them lol.

But God I hate USDJPY, look at GBPJPY and EURJPY chugging along, and theres the little yen pair that could
Attached Image
When the facts change I change my mind, what do you do sir
  • #44,886
  • Apr 15, 2014 11:14pm Apr 15, 2014 11:14pm
Quoting Forexia
{quote} Which tf?
4h
A word to the wise ain't necessary - it's the stupid ones that need advice
  • #44,887
  • Edited 11:47pm Apr 15, 2014 11:37pm | Edited 11:47pm
Quoting Pip Anon
Very much so. My biggest problem when I first started with impulse trading. Not that I was gambling on a trade so much more than not waiting for a proper entry. Sometimes I still get an itch. It takes time. Just work on it, it takes time. Richard Denis, who trained the "turtles," said you could publish all his rules but it wouldn't matter because nobody would follow them lol. But God I hate USDJPY, look at GBPJPY and EURJPY chugging along, and theres the little yen pair that could {image}
Haha, that's pretty funny. Yeah, I know who Richard Denis the "turtle" trainer is, that's funny as well, and so true!

To be honest, I barely see a difference between G/J and U/J, haven't looked at E/J, but all the x/J's seem to be moving along nicely imo (they are all going up). I mean, U/J is the base currency for G/J, so I would imagine the correlation should be pretty high. Isn't that right?
Please check out my blog at https://from-zero-to-hero . net
  • #44,888
  • Apr 15, 2014 11:45pm Apr 15, 2014 11:45pm
Quoting smash1820
{quote} Haha, that's pretty funny. Yeah, I know who Richard Denis the "turtle" trainer is, that's funny as well, and so true! To be honest, I barely see a difference between G/J and U/J, haven't looked at E/J, but all the x/J's seem to be moving along nicely imo. I mean, U/J is the base currency for G/J, so I would imagine the correlation would be very high. Isn't that right?
Yea they are correlated, but the movement in the other too are much better. I could be in and out with 40-50 pips in less than an hour. USDJPY you got to wait all damn day.

A -.50% move in yen futures and USDJPY moves a measly 40 pips, GBPJPY and EURJPY nearly double
When the facts change I change my mind, what do you do sir
  • #44,889
  • Apr 15, 2014 11:51pm Apr 15, 2014 11:51pm
maybe london time will bring it down to attract serious buyers?
  • #44,890
  • Apr 15, 2014 11:53pm Apr 15, 2014 11:53pm
Quoting Nocturnes
{quote} 4h

Well on 4h tf, the next resistence I see is actually at 103.8x. There is a tiny bit of resistence at 103.3x and that's it, nothing lower.
Make your losses in demo. Earn your profits live.
  • #44,891
  • Apr 15, 2014 11:53pm Apr 15, 2014 11:53pm
Quoting Farrusco
maybe london time will bring it down to attract serious buyers?
noooooooooo, up, up and all the way up!!!
Make your losses in demo. Earn your profits live.
  • #44,892
  • Apr 15, 2014 11:58pm Apr 15, 2014 11:58pm
Quoting smash1820
{quote} Oh I guess I'm alright... you know, still trying to make it Perhaps I've got a little too much time on my hands to be creepin' around the forums like this though, lol No, I didn't actually see that move in the S&P or equities lately, but I'll def check it out! I use be a daytrader at a prop firm and trade the S&P every day, but it didn't quite work out and now I'm back to the cheap form of trading, that is FX. I still trade the S&P occasionally, but my focus is U/J. I wouldn't be surprised to see an S&P at 1,900...
It is better you elft trading s&p otherwise you could have burned many accounts in the process. s&p at 1900. give me a break
  • #44,893
  • Apr 16, 2014 12:01am Apr 16, 2014 12:01am
Quoting Forexia
{quote} Well on 4h tf, the next resistence I see is actually at 103.8x. There is a tiny bit of resistence at 103.3x and that's it, nothing lower.
103.8 is idd a stronger resistance.
A word to the wise ain't necessary - it's the stupid ones that need advice
  • #44,894
  • Apr 16, 2014 12:03am Apr 16, 2014 12:03am
Quoting Farrusco
maybe london time will bring it down to attract serious buyers?

I think this still stands
  • #44,895
  • Apr 16, 2014 12:07am Apr 16, 2014 12:07am
i'm still bullish, it's normal london is trying to put it down to get attractive prices to load longs
  • #44,896
  • Apr 16, 2014 12:08am Apr 16, 2014 12:08am
Quoting Pip Anon
{quote} Yea they are correlated, but the movement in the other too are much better. I could be in and out with 40-50 pips in less than an hour. USDJPY you got to wait all damn day. A -.50% move in yen futures and USDJPY moves a measly 40 pips, GBPJPY and EURJPY nearly double
Yeah, I understand. But how much does it really matter? I'm actually pretty curious.

I mean, I used to trade GBP/JPY exclusively. I loved it and it was great. Very tough, but I don't think any tougher than trading USD/JPY, because of the correlation. I liked the fact that they called it "the beast" and that the pips were worth so much and I wanted to dominate trading and everything, and I was a very active participant on "Geppy's Geppy thread".

I still want to do all that, but I recently switched over to trading USD/JPY exclusively (because of the fact that my binary options broker offers more U/J expirations than G/J), and I realized that none of it matters. U/J is the base currency for G/J, and I'm guessing other x/J pairs, so the correlations to the Yen and BoJ and futures and everything Japan is still there. The only difference is that when you trade U/J, you can trade with more size than you otherwise would have on G/J. So doesn't it just about even out? Aren't all x/J pairs pretty much the same when taking into account maximum trade size? I personally don't feel like a pip earned on G/J is better than a pip earned on U/J, or vice-versa. 80 pips on G/J is good but what if you made the 40 pips on U/J with twice the lot size, then it pretty much evens out, no?

PS: To the poster above (giveachance), like I said I haven't looked at a proper chart in months, so take it with a grain of salt, but I don't know why 1900 is so surprising, the trend is up on just about everything.
Please check out my blog at https://from-zero-to-hero . net
  • #44,897
  • Apr 16, 2014 12:11am Apr 16, 2014 12:11am
London tried to put it down but it's hard... will upmove start now or will they try another low?
  • #44,898
  • Apr 16, 2014 12:12am Apr 16, 2014 12:12am
Quoting smash1820
{quote} Yeah, I understand. But how much does it really matter? I'm actually pretty curious. I mean, I used to trade GBP/JPY exclusively. I loved it and it was great. Very tough, but I don't think any tougher than trading USD/JPY, because of the correlation. I liked the fact that they called it "the beast" and that the pips were worth so much and I wanted to dominate trading and everything, and I was a very active participant on "Geppy's Geppy thread". I still want to do all that, but I recently switched over to trading USD/JPY exclusively (because...
Oh, I never said it was better. I rather time an GBPJPY or EURJPY for +50 then sit in a mind-numbing USDJPY and squeeze out 20. When risk remains equal, I gain additional upside without weighing down my books.

For instance, I traded EURAUD after I seen a divergence in EURUSD and AUDUSD. 90M later on a lot, I was up 76 pips. I just try to be more efficient when pips are the name of the game lol
When the facts change I change my mind, what do you do sir
  • #44,899
  • Apr 16, 2014 12:14am Apr 16, 2014 12:14am
if it passes 102.228 I think we may see steady up move untill USA time
  • #44,900
  • Apr 16, 2014 12:20am Apr 16, 2014 12:20am
okay guys my longs are "safe" now i'll go back to sleep see you
10 traders viewing now