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USD/JPY Discussion

  • #50,561
  • Nov 18, 2014 5:46pm Nov 18, 2014 5:46pm
Quoting Tarvold
This is one of those times to open another account with one of those $50 account opening bonuses just to go all in and short the crap out of this.

More like just go all in and go long.

Betting against this usd vs Yen is like betting against Michael Jordan in his prime.
  • #50,562
  • Nov 18, 2014 5:46pm Nov 18, 2014 5:46pm
Quoting JTattheRanch
{quote} It's not a bull trap. It's a bear trap. You actually think it's going lower? Even if it does with the very small % chance it does, it won't drop no 200 pip's that's for sure it may drop 30-40 pips but then get right back on the gravy train up that it's been on for the LAST 3 YEARS STRAIGHT It's gone up 5000 pips in that time with only about 4-5 very small retracements of a mere 200 pips . Think about that. 4-5 times in the past 900 days it's retraced and you're sitting here saying this is one right now?
Thing is, I'm not emotionally attached to this. I don't care what it does. I'll trade it in whatever direction it goes.

Last month it dropped 400 pips. I'm sure nobody thought that would happen either.

Trade what you want, make your own decisions. I'll make mine. Respectfully.
  • #50,563
  • Nov 18, 2014 5:48pm Nov 18, 2014 5:48pm
Quoting JTattheRanch
{quote} It's not a bull trap. It's a bear trap. You actually think it's going lower? Even if it does with the very small % chance it does, it won't drop no 200 pip's that's for sure it may drop 30-40 pips but then get right back on the gravy train up that it's been on for the LAST 3 YEARS STRAIGHT It's gone up 5000 pips in that time with only about 4-5 very small retracements of a mere 200 pips . Think about that. 4-5 times in the past 900 days it's retraced and you're sitting here saying this is one right now?
I think you've forgot about the drop from 23/5/2013 to 14/6/13 where it dropped 1000pips..... beware
  • #50,564
  • Nov 18, 2014 5:50pm Nov 18, 2014 5:50pm
Quoting benaiah
{quote} Thing is, I'm not emotionally attached to this. I don't care what it does. I'll trade it in whatever direction it goes. Last month it dropped 400 pips. I'm sure nobody thought that would happen either. Trade what you want, make your own decisions. I'll make mine. Respectfully.
I will also add this. Anyone who enters trades heading straight into weekly resistance is gambling, and taking away a big part of their edge.

One of the biggest "edges" one can have in trading is enough room before the price hits a wall. If price is standing against a wall, and bouncing off of it, why would I enter a trade to bang my head against a wall?

This is my opinion. I respect what anyone els wants to do with this. I'm not sure why anyone would criticize what I trade. What do you care? Is it your money? Take your own risks. I'll take mine. And I choose not to trade heading into a brick wall. Thank you.
  • #50,565
  • Nov 18, 2014 5:52pm Nov 18, 2014 5:52pm
Quoting benaiah
{quote} Thing is, I'm not emotionally attached to this. I don't care what it does. I'll trade it in whatever direction it goes. Last month it dropped 400 pips. I'm sure nobody thought that would happen either. Trade what you want, make your own decisions. I'll make mine. Respectfully.

Then why do you sit here and tell everyone to go short?
  • #50,566
  • Nov 18, 2014 5:54pm Nov 18, 2014 5:54pm
Quoting JTattheRanch
{quote} Then why do you sit here and tell everyone to go short?
You have got to be kidding me.

I never told anyone what to do. And I never will.

I post my opinion. As do you. Leave me alone.
  • #50,567
  • Nov 18, 2014 5:55pm Nov 18, 2014 5:55pm
Quoting benaiah
{quote} I will also add this. Anyone who enters trades heading straight into weekly resistance is gambling, and taking away a big part of their edge. One of the biggest "edges" one can have in trading is enough room before the price hits a wall. If price is standing against a wall, and bouncing off of it, why would I enter a trade to bang my head against a wall? This is my opinion. I respect what anyone els wants to do with this. I'm not sure why anyone would criticize what I trade. What do you care? Is it your money? Take your own risks. I'll take...

Betting against a trend and you'll lose more times than not. Also those very trends always spike hard in either direction right at the end of the trend in the direction of the trend. They also do it in the middle sometimes as a trick and then continue on with the trend.

I've ten times my account in the last month just playing the Aussie down trend and the bull run that is still continuing with usd/yen
  • #50,568
  • Nov 18, 2014 5:56pm Nov 18, 2014 5:56pm
How much higher can it go?
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYWeekly.png Size: 44 KB
  • #50,569
  • Nov 18, 2014 5:56pm Nov 18, 2014 5:56pm
Quoting benaiah
{quote} You have got to be kidding me. I never told anyone what to do. And I never will. I post my opinion. As do you. Leave me alone.

Why do you post your opinion though?
  • #50,570
  • Nov 18, 2014 5:57pm Nov 18, 2014 5:57pm
Quoting irongoose
How much higher can it go? {image}
It can easily go to 200.00
  • #50,571
  • Nov 18, 2014 5:57pm Nov 18, 2014 5:57pm
Quoting JTattheRanch
{quote} It's not a bull trap. It's a bear trap. You actually think it's going lower? Even if it does with the very small % chance it does, it won't drop no 200 pip's that's for sure it may drop 30-40 pips but then get right back on the gravy train up that it's been on for the LAST 3 YEARS STRAIGHT It's gone up 5000 pips in that time with only about 4-5 very small retracements of a mere 200 pips . Think about that. 4-5 times in the past 900 days it's retraced and you're sitting here saying this is one right now?
Without looking at charts but we just recently had the 110 to 105 drop!!!! Be sure more will come, and the next is around the corner. Trends never last forever without bumps
I don't even have a cool signature
  • #50,572
  • Nov 18, 2014 5:57pm Nov 18, 2014 5:57pm
well overall bias for this pair is BULLISH 120 might be its resting point before heading further!!... Daily 100-200 drop happens but quickly recovers itself and also raises about 200-300 pips... keep in mind... you will be doomed to think this is heading back down to 102-110 region anytime soon!!
  • #50,573
  • Nov 18, 2014 5:58pm Nov 18, 2014 5:58pm
Quoting teddybomber
With the way it is sitting above 117 now, we could definitely see 117.50 tonight. The bears can't seem to drop it so easily this time.
no point to drop before the top, i guess the top is a lil bit higher as i posted b4. if the BOJ doesn't come up with a further easing surprise, we could see a spike to higher 117s then a massive, sustained drop for the rest of the week, continued into next week......time will tell. in any case, i'm ditching my longs @117.50 then i'll be watching any spike volumes on short TFs for a short entry.. J225 looks poised to the downside even if it might spike to monday highs later tonight.. if they announce another QE craze then UJ might really go past 118 then i'll just watch the movie.
MarginTrader All Time Return: na
  • #50,574
  • Nov 18, 2014 6:00pm Nov 18, 2014 6:00pm
Quoting JTattheRanch
{quote} Why do you post your opinion though?
Okay, Mr. New Member. I see you have a hard time handling differing opinions. You won't last long here unless you fix that.

I'm done responding to you.
  • #50,575
  • Nov 18, 2014 6:01pm Nov 18, 2014 6:01pm
Quoting NoCoolNick
{quote} Without looking at charts but we just recently had the 110 to 105 drop!!!! Be sure more will come, and the next is around the corner. Trends never last forever without bumps
Exactly.
  • #50,576
  • Nov 18, 2014 6:01pm Nov 18, 2014 6:01pm
Quoting NoCoolNick
{quote} Without looking at charts but we just recently had the 110 to 105 drop!!!! Be sure more will come, and the next is around the corner. Trends never last forever without bumps

THink it was more like 110-106 and the odds of hitting that perfectly at 110 sell position and taking profit at 106 is about 1-30.
  • #50,577
  • Nov 18, 2014 6:03pm Nov 18, 2014 6:03pm
Quoting benaiah
{quote} Okay, Mr. New Member. I see you have a hard time handling differing opinions. You won't last long here unless you fix that. I'm done responding to you.

Have you a short position right here?
  • #50,578
  • Nov 18, 2014 6:05pm Nov 18, 2014 6:05pm
I know what you're really doing. You're throwing your opinion out there every hour that your shorting hoping to move or sway some and then they sway some and so on into shorting so the USD/yen keeps going up. It's cool. Nice play.
  • #50,579
  • Nov 18, 2014 6:07pm Nov 18, 2014 6:07pm
Quoting MaryJane
{quote} no point to drop before the top, i guess the top is a lil bit higher as i posted b4. if the BOJ doesn't come up with a further easing surprise, we could see a spike to higher 117s then a massive, sustained drop for the rest of the week, continued into next week......time will tell. in any case, i'm ditching my longs @117.50 then i'll be watching any spike volumes on short TFs for a short entry.. J225 looks poised to the downside even if it might spike to monday highs later tonight.. if they announce another QE craze then UJ might really...

Yen price controls the Nikkei, not the other way around.
  • #50,580
  • Nov 18, 2014 6:08pm Nov 18, 2014 6:08pm
Can someone please explain to the new guy how big the Forex market is, and impossible it would be for one guy on the FF forum to "sway" the market. Unbelievable.
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