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USD/JPY Discussion

  • #49,341
  • Oct 23, 2014 11:16am Oct 23, 2014 11:16am
bought from 107.9, sold at 108.2
profits locked in

but i think the upward momentum is pretty strong..
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  • #49,342
  • Oct 23, 2014 11:40am Oct 23, 2014 11:40am
I think by early 2015 we will be looking at 115
  • #49,343
  • Oct 23, 2014 11:44am Oct 23, 2014 11:44am
Quoting Olu
{quote} Hi P Sorry to hear that you closed good positions because of comments you read on this thread. I have had a look at where price is right now and indeed your account would have been screaming 'Thank you'. You must realize that the market exists because people have different opinions and FF is such a place to voice them. Sometimes the consensus will align with your opinions and sometimes it wouldn't. When it aligns with your thoughts you feel epic and when it the other way you feel in the dumps. Trade your own trade. Its your money. Follow...
I dont think it was lengthy at all. Good post if you ask me.
  • #49,344
  • Oct 23, 2014 11:49am Oct 23, 2014 11:49am
Quoting Olu
{quote} Hi P Sorry to hear that you closed good positions because of comments you read on this thread. I have had a look at where price is right now and indeed your account would have been screaming 'Thank you'. You must realize that the market exists because people have different opinions and FF is such a place to voice them. Sometimes the consensus will align with your opinions and sometimes it wouldn't. When it aligns with your thoughts you feel epic and when it the other way you feel in the dumps. Trade your own trade. Its your money. Follow...
Yea this is a really good post
I too had my fair share of it
and I learnt a few points from my close friend and mentor
1) keep it (trades) simple
2) when u learnt to love losing money u will then start to earn consistently
  • #49,345
  • Oct 23, 2014 12:02pm Oct 23, 2014 12:02pm
Quoting Alstre
{quote} Yea this is a really good post I too had my fair share of it and I learnt a few points from my close friend and mentor 1) keep it (trades) simple 2) when u learnt to love losing money u will then start to earn consistently
Bling! Give that one a Blue Ribbon!

  • #49,346
  • Oct 23, 2014 12:03pm Oct 23, 2014 12:03pm
What's a blue ribbon?
  • #49,347
  • Oct 23, 2014 12:09pm Oct 23, 2014 12:09pm
I am a bit confused on what's going on. On what data did the U/J get this boost from? Unemployment claims didn't meet expectations correct? I might be the only person thinking this to be one huge stop hunt i guess :/
I love forex. One day it will love me back.
  • #49,348
  • Oct 23, 2014 12:10pm Oct 23, 2014 12:10pm
Quoting Singha83
I am a bit confused on what's going on. On what data did the U/J get this boost from? Unemployment claims didn't meet expectations correct? I might be the only person thinking this to be one huge stop hunt i guess :/
http://www.forexlive.com/blog/2014/1...-october-2014/
  • #49,349
  • Oct 23, 2014 12:12pm Oct 23, 2014 12:12pm
Quoting Alstre
What's a blue ribbon?
http://www.oxforddictionaries.com/us...sh/cordon-bleu
  • #49,350
  • Oct 23, 2014 12:15pm Oct 23, 2014 12:15pm
Oh!! Hahahaha
just a question to anyone
do u people diversify or focus on a single pair (just out of curiosity)
personally I prefer single pair
  • #49,351
  • Oct 23, 2014 12:27pm Oct 23, 2014 12:27pm
Quoting Alstre
Oh!! Hahahaha just a question to anyone do u people diversify or focus on a single pair (just out of curiosity) personally I prefer single pair
A single pair at a time. Whatever looks like it is going to be most active.
  • #49,352
  • Oct 23, 2014 12:30pm Oct 23, 2014 12:30pm
Yea I do that too however yen recently looks to be more smoother
  • #49,353
  • Oct 23, 2014 12:35pm Oct 23, 2014 12:35pm
Quoting pr3dict0r
I don't know why I bother, or spend time reading this forum.. I don't know how many times I have read opinions and reviews by members of this forum about market calls that just confuse the shit out of me because they contradict my own calls, and prevent me from making money. I had awesome positions @ 106.50, and 107.. all closed prematurely because of all the people screaming its going to tank, why its going to tank, etc etc... I'm just as guilty for reading and believing everything here on this thread, I need to be more comfortable and confident...

You should start moving your sl rather than price hitting your tp and go with trend. let price action tells you when to quit.
  • #49,354
  • Oct 23, 2014 1:14pm Oct 23, 2014 1:14pm
why did I ever think to have pending shorts at 107.6 and 108... woke up to a shit show BOJ what the f$%k are you guys doing... s/l 108.4 ill bet a trillion yen it gets hit...
  • #49,355
  • Oct 23, 2014 1:15pm Oct 23, 2014 1:15pm
this was a beautiful correction down on this pair, watefall, quick, and done.

a long 2 weeks, sheesh, finally closed out my long trades from 105.3, 106.5, 107.5, and 108.0

as i said a week ago or so, this correction was definately needed

i also read BoJ is nervous of potential inflation dropping below 1.0? and i will def believe next week QE3 will end, prepare for a strong bull run again with new highs




any of my fellow bulls held their positions, or established new ones???
  • #49,356
  • Oct 23, 2014 1:16pm Oct 23, 2014 1:16pm
Quoting atx_sonu
{quote} You should start moving your sl rather than price hitting your tp and go with trend. let price action tells you when to quit.
Hmmm i do this too however this greatly depends on your trading style/plan
In the wrong hands that might end up as damaging instead
  • #49,357
  • Oct 23, 2014 2:22pm Oct 23, 2014 2:22pm
nice resistance before 108.4, causing a few pips drop

and also breaking news potential ebola scare - doctor in NYC being tested (doctor has treated ebola patients)

support levels? anyone
  • #49,358
  • Oct 23, 2014 2:53pm Oct 23, 2014 2:53pm
Gidday YEN

My longs been in for a weeks

Clipped the ticket on quiet few

longs sitting in this 108+ to 109+ etc

A pending longs lower down 107+ etc

but opened a few up to 110+

Will more than likely have to hold for days

Just small ones.just in case it retraces back to 106 or lower
  • #49,359
  • Oct 23, 2014 3:21pm Oct 23, 2014 3:21pm
Quoting eliteincome
Gidday YEN My longs been in for a weeks Clipped the ticket on quiet few longs sitting in this 108+ to 109+ etc A pending longs lower down 107+ etc but opened a few up to 110+ Will more than likely have to hold for days Just small ones.just in case it retraces back to 106 or lower
yeah i closed out my longs, had them for few weeks also, same as you, now im looking for a nice entry level to put my buy limits
  • #49,360
  • Oct 23, 2014 4:57pm Oct 23, 2014 4:57pm
I am still long from 107
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