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USD/JPY Discussion

  • #52,321
  • Dec 3, 2014 11:02pm Dec 3, 2014 11:02pm
Quoting smash1820
{quote} Now it's at 110%, but it changes by the minute. If price goes down, I close out of 1 lot at a time. If it goes up, I will add 1 lot at a time... I close the lots that are in profit first. No FIFO rules apply. So even if I close a lot, I am still making money by the minute...
ok
  • #52,322
  • Dec 3, 2014 11:03pm Dec 3, 2014 11:03pm
Quoting smash1820
{quote} Now it's at 110%, but it changes by the minute. If price goes down, I close out of 1 lot at a time. If it goes up, I will add 1 lot at a time... I close the lots that are in profit first. No FIFO rules apply. So even if I close a lot, I am still making money by the minute...
How do you get around FIFO rules?
  • #52,323
  • Dec 3, 2014 11:07pm Dec 3, 2014 11:07pm
Quoting benaiah
How do you get around FIFO rules?
You gotta sign up with a good broker, dude. I just signed up about 24 hours ago with Forex Broker Inc. But I have also heard very good things about Fin FX, and I will sign up with them as well once I get a little bit more money. They both accept USA clients, but be prepared to provide plenty of documentation.

Like I said before, USA is the WORST place you can be as a trader...
Please check out my blog at https://from-zero-to-hero . net
  • #52,324
  • Dec 3, 2014 11:29pm Dec 3, 2014 11:29pm
Quoting smash1820
{quote} LOL... thanks... it's a very small account... so I can afford the risk. But just in case you (or anyone) doesn't believe me...\ But you wanna know the craziest part??? This account has 500:1 leverage. {image}
Your broker loves you!!!
the more entries you have they love it
  • #52,325
  • Dec 3, 2014 11:42pm Dec 3, 2014 11:42pm
Quoting smash1820
{quote} You gotta sign up with a good broker, dude. I just signed up about 24 hours ago with Forex Broker Inc. But I have also heard very good things about Fin FX, and I will sign up with them as well once I get a little bit more money. They both accept USA clients, but be prepared to provide plenty of documentation. Like I said before, USA is the WORST place you can be as a trader...
Will they give US clients 500:1 leverage?
  • #52,326
  • Dec 3, 2014 11:42pm Dec 3, 2014 11:42pm
Quoting smash1820
{quote} You gotta sign up with a good broker, dude. I just signed up about 24 hours ago with Forex Broker Inc. But I have also heard very good things about Fin FX, and I will sign up with them as well once I get a little bit more money. They both accept USA clients, but be prepared to provide plenty of documentation. Like I said before, USA is the WORST place you can be as a trader...
Well, I'd have a lot of questions for a broker outside of the U.S. who doesn't adhere to U.S. regulatory laws. Sure some things might seem advantageous, but what other rules that act as a protection to traders do they not have in place.

For example, can you lose more money than what is in your account? I'd hate to owe a broker money... Anyway, I know this isn't a broker thread...
  • #52,327
  • Dec 3, 2014 11:49pm Dec 3, 2014 11:49pm
For anyone interested in broker discussion for U.S. residents...

Post 1
  • #52,328
  • Dec 3, 2014 11:54pm Dec 3, 2014 11:54pm
I could be wrong, but I thought it was a standard MetaTrader 4 function to liquidate your positions when your margin goes negative. So I will assume that applies to any and all brokers.

Anyways, I'm fukin fed up with this pair. Can't go short just yet. Don't have the patience to keep waiting. And yet, I can't go to bed just yet, because I don't want to be wrong. So I'm fucking fed up... gonna focus my time and effort on other activities (while checking back every few minutes), until this thing finally begins to fucking move.

At this point, I don't even care if it breaks to the downside. I just want it to fucking move. I can change my mind in an instant and still make money.

You think traders have it easy? Hell no. I've spent 11 hours watching the charts today. FOR NOTHING. Although I am hoping it will pay off in the long run.

Anyways, yes, mywelbow4, they will give you 500:1 leverage if you sign up for their Gold account. I only deposited $20 less than 24 hours ago, and I am already almost at $50. Should be a lot more than that now though. Also, just an FYI, I cannot say for sure whether they will honor your payout/withdrawal requests (because I have not made one yet), but I have heard good things, and that is a chance I am more than willing to take since it is such a minimal amount of money. Once you hit $20k, you can transfer your micro account to a standard mini lot account. And from there, you can transfer your mini account to a standard lot account. Also, from what I have observed so far about their customer service, it is stellar...

I sincerely hope my new broker likes me... because I like them a lot too.

PS: Benaiah, if you are concerned about a possible margin call, then there is a simple solution to that: DON'T LET YOUR MARGIN GO NEGATIVE!
Please check out my blog at https://from-zero-to-hero . net
  • #52,329
  • Dec 4, 2014 12:00am Dec 4, 2014 12:00am
Just wondering how many here are like me that trades for a living ?
  • #52,330
  • Dec 4, 2014 12:01am Dec 4, 2014 12:01am
Always trust the bankers to step and open their mouth to ruin any good TA......
Bought Yen for st trade 1 min before that comment ffs.
As the lights go by so too do the shadows move
  • #52,331
  • Dec 4, 2014 12:10am Dec 4, 2014 12:10am
I'm waiting for it to blast off...200 here I come!!!

http://www.bloomberg.com/news/2014-1...an-credit.html
  • #52,332
  • Dec 4, 2014 12:11am Dec 4, 2014 12:11am
Quoting pfernandez
What do you think about this? USDJPY is trying to break the 38.6 level. Is it going for the 50% level? {image}
can u please define the term 38.6 level?
  • #52,333
  • Dec 4, 2014 12:25am Dec 4, 2014 12:25am
Quoting smash1820
IPS: Benaiah, if you are concerned about a possible margin call, then there is a simple solution to that: DON'T LET YOUR MARGIN GO NEGATIVE!
I just mentioned that as an example. I'd be more concerned if I were you and not even know if I can withdraw my money.
  • #52,334
  • Dec 4, 2014 12:46am Dec 4, 2014 12:46am
Quoting benaiah
I just mentioned that as an example. I'd be more concerned if I were you and not even know if I can withdraw my money.
I am not really worried about it. Like I said, my risk is very small. I give people the benefit of the doubt and trust them until they give me a reason not to.
Please check out my blog at https://from-zero-to-hero . net
  • #52,335
  • Dec 4, 2014 12:50am Dec 4, 2014 12:50am
Quoting smash1820
{quote} I am not really worried about it. Like I said, my risk is very small. I give people the benefit of the doubt and trust them until they give me a reason not to.
Risk in the forex market is not just about initial deposit. You should know that.
  • #52,336
  • Dec 4, 2014 1:19am Dec 4, 2014 1:19am
Option expirey 10 AM NewYork Cut: USDJPY.USDJPY 119.00 (USD 1bln) 119.75 (USD 350m) 120.00 (USD 2.1bln)
This 120.00 figur is Very Large, moreso than I anticipated. But price stalled just below as anticipated.
"Look Left Think Right"
  • #52,337
  • Dec 4, 2014 1:23am Dec 4, 2014 1:23am
Quoting CurrencyAnalyst
Option expirey 10 AM NewYork Cut: USDJPY.USDJPY 119.00 (USD 1bln) 119.75 (USD 350m) 120.00 (USD 2.1bln) This 120.00 figur is Very Large, moreso than I anticipated. But price stalled just below as anticipated.
Thank you CurrencyAnalyst for posting this. I do not follow options other than the ones I am personally trading (and I am not trading options at the moment).

I just wanted to comment -- if 120.00 figure is so large -- then imagine what will happen when it gets TAKEN OUT... ?
Please check out my blog at https://from-zero-to-hero . net
  • #52,338
  • Dec 4, 2014 1:27am Dec 4, 2014 1:27am
Quoting CurrencyAnalyst
Option expirey 10 AM NewYork Cut: USDJPY.USDJPY 119.00 (USD 1bln) 119.75 (USD 350m) 120.00 (USD 2.1bln) This 120.00 figur is Very Large, moreso than I anticipated. But price stalled just below as anticipated.
Yes, turning into quite a battle between bulls/bears. Bulls have held support quite nicely after last failed attempt at 120, when they were pushed back. Now that they are making another run, we'll see how far they can go. I see the first attempt failed, but did make a new high from last time...
  • #52,339
  • Dec 4, 2014 1:29am Dec 4, 2014 1:29am
Then 119.00 will become very tasty at 1Billion. Dont expect huge buy interest above a strong barrier. Sometimes it pays a good deed but usually the ones thst jump in get hit hard.
"Look Left Think Right"
  • #52,340
  • Dec 4, 2014 1:36am Dec 4, 2014 1:36am
Quoting CurrencyAnalyst
Option expirey 10 AM NewYork Cut: USDJPY.USDJPY 119.00 (USD 1bln) 119.75 (USD 350m) 120.00 (USD 2.1bln) This 120.00 figur is Very Large, moreso than I anticipated. But price stalled just below as anticipated.
Just wondering, how did you get those info so accurate ??

i have been digging the CME website for all day long, but still cant get what i need.

Thanks
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