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USD/JPY Discussion

  • #51,681
  • Nov 26, 2014 6:38am Nov 26, 2014 6:38am
Quoting dbutton1990
{quote} I've been trading the market for about 2 years now. Purchased a course and learned that way. I was taught multiple styles. I've lost close to 10k, however I consider it a learning experience, and I am more focused on the ROI. I've built a demo account from 3k to 75k in one year. Many mistakes have been made, but my trading style focuses primarily on the Fibonacci retracements. Identify your trend, draw your fibs, wait for a signal, and buy/sell in. I like trading the one hour chart, and then once I am in a trade, I will monitor the 1 min,...
Well said!!!
I've done pretty much the same as you
still making the climb
(Like your post & had to comment)
  • #51,682
  • Nov 26, 2014 6:51am Nov 26, 2014 6:51am
Quoting dbutton1990
{quote} I've been trading the market for about 2 years now. Purchased a course and learned that way. I was taught multiple styles. I've lost close to 10k, however I consider it a learning experience, and I am more focused on the ROI. I've built a demo account from 3k to 75k in one year. Many mistakes have been made, but my trading style focuses primarily on the Fibonacci retracements. Identify your trend, draw your fibs, wait for a signal, and buy/sell in. I like trading the one hour chart, and then once I am in a trade, I will monitor the 1 min,...


Quoting dbutton1990
{quote} My max amount that I'm willing to risk is 50 pips.
The higher the tf, the higher the stop. I was like you trading with small stops, but when i trade h4/daily i can my stop up to 120/150 pips to get the double.
COT: The precious data ignored
  • #51,683
  • Nov 26, 2014 6:51am Nov 26, 2014 6:51am
Quoting Alstre
{quote} Well said!!! I've done pretty much the same as you still making the climb (Like your post & had to comment)
Thank you! I'm all about sharing my experiences and helping others so that they don't make the same mistakes I did
Good luck and may the odds be ever in your favor!
  • #51,684
  • Nov 26, 2014 6:52am Nov 26, 2014 6:52am
Quoting kuroro001
{quote} {quote} The higher the tf, the higher the stop. I was like you trading with small stops, but when i trade h4/daily i can my stop up to 120/150 pips to get the double.
Indeed you are correct sir!
Good luck and may the odds be ever in your favor!
  • #51,685
  • Nov 26, 2014 6:56am Nov 26, 2014 6:56am
This business is all about sharing
  • #51,686
  • Nov 26, 2014 6:58am Nov 26, 2014 6:58am
this pair looks like its breaking to the south

still holding on my longs, might have to close it later
  • #51,687
  • Nov 26, 2014 7:01am Nov 26, 2014 7:01am
Quoting dbutton1990
{quote} I've been trading the market for about 2 years now. Purchased a course and learned that way. I was taught multiple styles. I've lost close to 10k, however I consider it a learning experience, and I am more focused on the ROI. I've built a demo account from 3k to 75k in one year. Many mistakes have been made, but my trading style focuses primarily on the Fibonacci retracements. Identify your trend, draw your fibs, wait for a signal, and buy/sell in. I like trading the one hour chart, and then once I am in a trade, I will monitor the 1 min,...
i just follow the previous candle.
i do not believe in anything else.
As Above, So Below
  • #51,688
  • Nov 26, 2014 7:05am Nov 26, 2014 7:05am
Quoting dojihammer
this pair looks like its breaking to the south still holding on my longs, might have to close it later
You may like to see the US news as EU is about to break north, but UJ isn't doing anything, but it could

It tried to bounce yesterday and during asian/LO session without success
COT: The precious data ignored
  • #51,689
  • Nov 26, 2014 7:06am Nov 26, 2014 7:06am
Perhaps a down trend starting on the daily now for the next few days, Start of a Phase 2?
  • #51,690
  • Nov 26, 2014 7:12am Nov 26, 2014 7:12am
My analysis shows no signs of any reversals the major trend hasn't change
  • #51,691
  • Nov 26, 2014 7:25am Nov 26, 2014 7:25am
short term indicators ~TF up until H4 show bearish momentum, however the overall trend has not changed significantly and the RN 118 is still acting as strong sup/res. Seems just to be a little stumble and the trend will eventually continue. Maybe it is a good position for scalping up to 100 pips on the short side at best?
  • #51,692
  • Nov 26, 2014 7:35am Nov 26, 2014 7:35am
Quoting x58
{quote} My god , I am in long trade and feeling like having a Oral Sex, so good , But noe when I take $ 1000 M, I will go off
http://www.easyfreesmileys.com/smile...mileys-327.gif
  • #51,693
  • Nov 26, 2014 8:01am Nov 26, 2014 8:01am
Daddy would love to see some new highs
  • #51,694
  • Nov 26, 2014 8:36am Nov 26, 2014 8:36am
Good GDP -> USD dropped

Bad claim data -> USD strengthen

Someone is doing the balancing act .... Kuroda or Yellen?
  • #51,695
  • Nov 26, 2014 8:56am Nov 26, 2014 8:56am
Quoting pohchuan
Good GDP -> USD dropped Bad claim data -> USD strengthen Someone is doing the balancing act .... Kuroda or Yellen?


ha I hear that.
  • #51,696
  • Nov 26, 2014 9:03am Nov 26, 2014 9:03am
This is getting interesting


Still have my longs open. Lets see what happens
  • #51,697
  • Nov 26, 2014 9:06am Nov 26, 2014 9:06am
Well don't know what is going on in the states really... This is all madness!!
  • #51,698
  • Nov 26, 2014 9:08am Nov 26, 2014 9:08am
Quoting poseikwame
Well don't know what is going on in the states really... This is all madness!!
Don't stick to numbers...stick to PA

If you keep looking at 120 without looking elsewhere, that's when the market will get you
COT: The precious data ignored
  • #51,699
  • Nov 26, 2014 9:10am Nov 26, 2014 9:10am
u/j in my analysis has confirmed a downtrend.
use leverage with caution...
  • #51,700
  • Nov 26, 2014 9:12am Nov 26, 2014 9:12am
Quoting jsshuai
u/j in my analysis has confirmed a downtrend.

Eh this drop isn't too bad...I am not too worried...I am still drawing down and will do so for a bit more....absorbing bad data nicely. Bulls are still hanging around. Once the balance shifts of retail south bam north we go.


Edit: If a bigger correction is in play then I will act accordingly
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