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USD/JPY Discussion

  • #47,161
  • Jul 24, 2014 9:25pm Jul 24, 2014 9:25pm
Quoting Mpt
On timeframes under weekly, it always looks bearish
I'm sorry Mpt because my intent is not to argue with you but rather just to state my opinions, and with that said, this is the statement that I disagree with most (from your previous post).

Have you ever tried to daytrade? I mean, have you ever tried to make money, consistently, using nothing more than the 15 minute TF?

I think that you will find that if you have, your opinions would be quite different.

All TF's 1 HR and below are short TF's that must be interpreted, and re-interpreted, constantly.

You need to have the time available to interpret those moves, but you also need to understand how they interact according to the underlying theme, which may be a trend OR a range environment.

Until you begin to interpret these facts, your trading (or anyone's) will be very misguided.
Please check out my blog at https://from-zero-to-hero . net
  • #47,162
  • Jul 24, 2014 9:41pm Jul 24, 2014 9:41pm
102 soon? We had a very good job report. Any suggestions?
Do not wait to strike till the iron is hot; but make it hot by striking.
  • #47,163
  • Jul 24, 2014 9:49pm Jul 24, 2014 9:49pm
Quoting baconloutish
102 soon? We had a very good job report. Any suggestions?
It totally depends. This question is very ambiguous. As I have suggested before... many times.... I would prefer to be long U/J than short U/J.

But I have also suggested that it might be time to go short right (or about now).

The answer really depends on YOU. What are your preferences for risk? How long do you plan on holding on to the trade? Are you looking to make a lot of money, or just a quick scalp? What direction do you have the most confidence in? Why?

As you can see, there are too many factors that must be considered before we can ultimately say what is the best for you.
Please check out my blog at https://from-zero-to-hero . net
  • #47,164
  • Jul 24, 2014 9:58pm Jul 24, 2014 9:58pm
i am still long on this pair by interpreting the chart most are buying.
  • #47,165
  • Jul 24, 2014 10:23pm Jul 24, 2014 10:23pm
Scratch the short idea. It's still long...

PS: It was only an idea, I said a "possible short opportunity", and my preference is for longs, not shorts.

I guess that is why I still suck (in my live trading).

So easy to assess, but so hard to do. Consintently.

Actually, if I were truly assessing the USD/JPY, and I could post my opinions instantly, they would be changing every single minute, with every single tick...
Please check out my blog at https://from-zero-to-hero . net
  • #47,166
  • Jul 24, 2014 10:59pm Jul 24, 2014 10:59pm
Quoting smash1820
Scratch the short idea. It's still long... PS: It was only an idea, I said a "possible short opportunity", and my preference is for longs, not shorts. I guess that is why I still suck (in my live trading). So easy to assess, but so hard to do. Consintently. Actually, if I were truly assessing the USD/JPY, and I could post my opinions instantly, they would be changing every single minute, with every single tick...
Of f*ck. This is exactly what I'm talking about. As soon as I mention to scratch the short idea, it actually starts to pay off...

That is why I say I have no f*ing discipline. I knew it was a good idea, and I even said so a few hours ago, I just didn't do it.

What a fucking idiot.

I already closed out of my short trade a long time ago.
Please check out my blog at https://from-zero-to-hero . net
  • #47,167
  • Jul 25, 2014 1:06am Jul 25, 2014 1:06am
Quoting smash1820
{quote} Of f*ck. This is exactly what I'm talking about. As soon as I mention to scratch the short idea, it actually starts to pay off... That is why I say I have no f*ing discipline. I knew it was a good idea, and I even said so a few hours ago, I just didn't do it. What a fucking idiot. I already closed out of my short trade a long time ago.
....easy on yourself. Your postings bear a lot of reasonable thinking.

Let us look at the short suggestion a bit more (as in thinking out loud). UJ has reached 101.80 which is a clearly defined resistance, a short was/is definitely a strong possibility. By way of support for your thinking let me say that yesterday I closed my two long positions in profit, and even sneaked a few pips short when the crappy new-homes figures came out - I think it was then....

However you have overlooked the Nikkei effect. That index posted a modest gain whilst you were 'thinking out loud' and that is normally supportive of UJ.

BTW I also make crappy calls. I am still holding two long positions in EJ about which the sweat is finally easing. Even my broker emailed me to ask if I knew what I was doing....

Now that UJ has broken 101.80 I am sitting here wondering why I closed the second UJ long.....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #47,168
  • Jul 25, 2014 1:23am Jul 25, 2014 1:23am
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As the lights go by so too do the shadows move
  • #47,169
  • Jul 25, 2014 1:45am Jul 25, 2014 1:45am
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  • #47,170
  • Jul 25, 2014 2:26am Jul 25, 2014 2:26am
usd jpy
Dangerous situations!!!!
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  • #47,171
  • Jul 25, 2014 2:42am Jul 25, 2014 2:42am
Hi all,

Looks like price is looking for support to continue its rally up.....102.150 comes in sight.

Possible short entry between now and 2nd resistance towards support zone, which consists of daily pivot and Fibo 50 level.

I wait for price retraces until support....then probably go long.

Please let me know if I just posted some impulsive jibberish or if you agree on this
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  • #47,172
  • Jul 25, 2014 2:51am Jul 25, 2014 2:51am
this is me !
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  • #47,173
  • Jul 25, 2014 4:34am Jul 25, 2014 4:34am
Quoting kambiz
this is me ! {image}
Yeah, on the 4hr it looks like it is setting up for a retracement at least.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #47,174
  • Jul 25, 2014 4:47am Jul 25, 2014 4:47am
Quoting Exodus
{quote} Yeah, on the 4hr it looks like it is setting up for a retracement at least.
Yep! I agree! Was just concluding the same. Who said something about impulsive jibberish?
Thanks guys!
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  • #47,175
  • Jul 25, 2014 6:12am Jul 25, 2014 6:12am
Anybody see one of these three scenarios happening?

From Wedsnesday to Friday to the week after

A. Price rises to at least 103
B. Price drops to 101 and below
C. Major fluctuations with either rising and dropping, or dropping and rising

Anybody else think A or B will be most likely?

If so, which one and what is your reasoning?
  • #47,176
  • Jul 25, 2014 6:15am Jul 25, 2014 6:15am
I think you just discovered the Holy Grail
  • #47,177
  • Jul 25, 2014 6:22am Jul 25, 2014 6:22am
Quoting BlackSun
Anybody see one of these three scenarios happening? From Wedsnesday to Friday to the week after A. Price rises to at least 103 B. Price drops to 101 and below C. Major fluctuations with either rising and dropping, or dropping and rising Anybody else think A or B will be most likely? If so, which one and what is your reasoning?
Let's see how Monday opens
  • #47,178
  • Jul 25, 2014 6:26am Jul 25, 2014 6:26am
Inserted Video
Fix up, trade sharp ...
  • #47,179
  • Jul 25, 2014 7:56am Jul 25, 2014 7:56am
Quoting BlackSun
Anybody see one of these three scenarios happening? From Wedsnesday to Friday to the week after A. Price rises to at least 103 B. Price drops to 101 and below C. Major fluctuations with either rising and dropping, or dropping and rising Anybody else think A or B will be most likely? If so, which one and what is your reasoning?
C - definitely!
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #47,180
  • Jul 25, 2014 8:04am Jul 25, 2014 8:04am
fundamental reasons...nothing to do with harmonic pattern.

Quoting BlackSun
Anybody see one of these three scenarios happening? From Wedsnesday to Friday to the week after A. Price rises to at least 103 B. Price drops to 101 and below C. Major fluctuations with either rising and dropping, or dropping and rising Anybody else think A or B will be most likely? If so, which one and what is your reasoning?
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