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USD/JPY Discussion

  • #47,961
  • Sep 3, 2014 7:29pm Sep 3, 2014 7:29pm
all the guys that said long was ok, look the bears and bulls control,

to the guy that was entered 2 lots at highs, (the picturē was sent in the post) exit 2 lots and hedge 1 lot for future,
  • #47,962
  • Sep 3, 2014 7:34pm Sep 3, 2014 7:34pm
hey look at uj, h1, it is going to start another dreamy day
  • #47,963
  • Sep 4, 2014 1:28am Sep 4, 2014 1:28am
The pair formed a negative day reversal but only a daily closing tonight below 104,73 will confirm a s/t top suggesting a return toward 104! The indicators of the daily chart are still well positive but also still overbought while showing a potential negative reversal situation. The indicators of the s/t charts turned below the line suggesting further consolidation/ correction with the 200 hours line at 104,24 the possible attraction. The decline should however find support already at 104,50. We stay short (105.30) for now with a stop at 105,35!
  • #47,964
  • Sep 4, 2014 11:00am Sep 4, 2014 11:00am
BOJ doing what it does best.
  • #47,965
  • Sep 4, 2014 11:03am Sep 4, 2014 11:03am
bullish breakout is almost there... keep it coming...
  • #47,966
  • Sep 4, 2014 11:06am Sep 4, 2014 11:06am
Quoting Pharm0r
BOJ doing what it does best.
and Euro weakness driving up the dollar
  • #47,967
  • Sep 4, 2014 11:56am Sep 4, 2014 11:56am
hey where are the uj shorter????
  • #47,968
  • Sep 4, 2014 12:10pm Sep 4, 2014 12:10pm
Quoting Liam0530
heres the pullback i was talking about, time to reload soon

Hope everyone reloaded longs!
  • #47,969
  • Sep 4, 2014 12:11pm Sep 4, 2014 12:11pm
Quoting mdt244
hey where are the uj shorter????
Waiting for a nice entry..
How to opt out annoying user signatures ??
  • #47,970
  • Sep 4, 2014 3:57pm Sep 4, 2014 3:57pm
Looks like a cup and handle forming on the 1hr chart
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 179 KB
  • #47,971
  • Sep 4, 2014 4:09pm Sep 4, 2014 4:09pm
Quoting littlecraig
Looks like a cup and handle forming on the 1hr chart {image}
Not too familiar with that formation. So Whats that telling you ?
  • #47,972
  • Sep 4, 2014 4:57pm Sep 4, 2014 4:57pm
If it is a cup and handle pattern usually a move up
google it
  • #47,973
  • Edited 5:55pm Sep 4, 2014 5:42pm | Edited 5:55pm
Quoting littlecraig
Looks like a cup and handle forming on the 1hr chart {image}

still holding shorts @ 103-104.... is it quite risky man? what you planning to do with that? seems like it still going up...
for me the trend it still pretty strong for the bulls (daily and weeky tf - base of ADX)...
  • #47,974
  • Sep 4, 2014 5:43pm Sep 4, 2014 5:43pm
With no indication of burning out I am staying long on UJ. I now have 4 positions totalling 700pips with my stop locking in 300pips. Although we got a new high yesterday, the low of that candle was too close to the low of the previous day so the stop stays where it was at the low for the 2/9. I've also got a similar situation in the EURUSD so things are looking good! I am in a similar situation with EURCAD and a couple of other pairs with a total of +4400pips since 12/8. I dont think I have ever been so much in profit!
Attached Image (click to enlarge)
Click to Enlarge Name: UJ%2B20140905.jpg Size: 170 KB
Winners add to winning trades!
  • #47,975
  • Sep 4, 2014 6:06pm Sep 4, 2014 6:06pm
i am alos long on UJ, but what level should TP, it remains a mystery to me?
  • #47,976
  • Sep 4, 2014 6:11pm Sep 4, 2014 6:11pm
No TP. Winners add to winning trades. Just keep assessing your stop and riding it as far as it will take you. my strategy is to always look for another entry once my stop reaches close or above my BE. Then I am risk free and obviously made the right decision and so now its time to milk that as much as you can. add another position and when the risk on that one is broken, then add another and just keep going. each of my positions are 1 lot but normally I use 1% of bank. So this means currently I have made enough on USDJPY to cover off my next 15 losses

An option could be to close 1/2 a position each time you add another just to lock in some solid $$ as you go.
Winners add to winning trades!
  • #47,977
  • Sep 4, 2014 6:17pm Sep 4, 2014 6:17pm
Quoting marshalmax
With no indication of burning out I am staying long on UJ. I now have 4 positions totalling 700pips with my stop locking in 300pips. Although we got a new high yesterday, the low of that candle was too close to the low of the previous day so the stop stays where it was at the low for the 2/9. I've also got a similar situation in the EURUSD so things are looking good! I am in a similar situation with EURCAD and a couple of other pairs with a total of +4400pips since 12/8. I dont think I have ever been so much in profit! {image}
Nice Job!
  • #47,978
  • Sep 4, 2014 6:49pm Sep 4, 2014 6:49pm
Ka-kow!
  • #47,979
  • Sep 4, 2014 6:59pm Sep 4, 2014 6:59pm
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyd1.gif Size: 162 KB
  • #47,980
  • Sep 4, 2014 7:03pm Sep 4, 2014 7:03pm
Quoting albchr
... {image}{image}http://www.forexfactory.com/attachment.php?attachmentid=1501016&stc=1&thumb=1&d=1409623190{/image}
http://www.forexfactory.com/attachme...1&d=1409623190
dude... where's the pull back???
WTF !!!!
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