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USD/JPY Discussion

  • #52,981
  • Dec 9, 2014 6:22pm Dec 9, 2014 6:22pm
Quoting smash1820
{quote} Taskent, do you work for the BoJ or something? Why would you ever say this?
no i do not work for boj. lol.
you need to decide if want quick small profits or slow bigger profits. i do not like uncertainty, so take my profits when i see them. and i try to be not greedy
As Above, So Below
  • #52,982
  • Dec 9, 2014 6:24pm Dec 9, 2014 6:24pm
l o n g .......

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  • #52,983
  • Dec 9, 2014 6:24pm Dec 9, 2014 6:24pm
Quoting chsortman
That's one problem I have with being a 'swing' type trader. Often times i'll be deep in profit only to see it given back up later... I need to find a good rule for when to get out. I don't like random TP's because it's random... I'd rather just know the move is done for the moment.
I agree, and I will start taking my profits now whenever I have them.

In terms of analysis, I think they are still trying to delay the massive drop that we all know is coming. The best way to do that? By making it look like it's actually going up when it's not (ie: shakeout/headfake/etc).
Please check out my blog at https://from-zero-to-hero . net
  • #52,984
  • Dec 9, 2014 6:55pm Dec 9, 2014 6:55pm
Quoting smash1820
{quote} I agree, and I will start taking my profits now whenever I have them. In terms of analysis, I think they are still trying to delay the massive drop that we all know is coming. The best way to do that? By making it look like it's actually going up when it's not (ie: shakeout/headfake/etc).
Oh God I hope you're wrong about that. I'm mentally married to going long... trained hard to never counter the major trend. Maybe I'll have to unlearn that.
  • #52,985
  • Dec 9, 2014 6:56pm Dec 9, 2014 6:56pm
go 120 120 35
  • #52,986
  • Dec 9, 2014 7:01pm Dec 9, 2014 7:01pm
Not too fast - will get out of my fresh long if proven wrong

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  • #52,987
  • Dec 9, 2014 7:05pm Dec 9, 2014 7:05pm
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  • #52,988
  • Dec 9, 2014 7:10pm Dec 9, 2014 7:10pm
I wasn't exactly wrong, because it did go down massively, but I didn't take my profits on the position. Which is the worst mistake you can make in trading. I've switched to the long side for the time being. But I'll go back to my shorts when the time is right. I still believe it's going to tank sooner than later. Back to scalping mode, I guess. If I were scalping earlier, I would be up 100 pips already. I hate this. I didn't want to work that hard today.
Please check out my blog at https://from-zero-to-hero . net
  • #52,989
  • Dec 9, 2014 7:14pm Dec 9, 2014 7:14pm
Quoting smash1820
I wasn't exactly wrong, because it did go down massively, but I didn't take my profits on the position. Which is the worst mistake you can make in trading. I've switched to the long side for the time being. But I'll go back to my shorts when the time is right. I still believe it's going to tank sooner than later. Back to scalping mode, I guess. I hate this. I didn't want to work that hard today.
We all make mistakes though but it is about learning from them. At least writing it on here you make yourself accountable.

Do you not move your stop up or have a take profit level?
  • #52,990
  • Dec 9, 2014 7:16pm Dec 9, 2014 7:16pm
I like an additional buy on the break of this high.

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  • #52,991
  • Dec 9, 2014 7:18pm Dec 9, 2014 7:18pm
Quoting Shug
I like an additional buy on the break of this high. {image}
That's 300 pips away!
  • #52,992
  • Dec 9, 2014 7:20pm Dec 9, 2014 7:20pm
Quoting smash1820
I wasn't exactly wrong, because it did go down massively, but I didn't take my profits on the position. Which is the worst mistake you can make in trading. I've switched to the long side for the time being. But I'll go back to my shorts when the time is right. I still believe it's going to tank sooner than later. Back to scalping mode, I guess. If I were scalping earlier, I would be up 100 pips already. I hate this. I didn't want to work that hard today.
Same. Wish i was at my comp for this. Lotta pips left on the table. Feel ya bro lol...

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  • #52,993
  • Dec 9, 2014 7:20pm Dec 9, 2014 7:20pm
A cloud man I see! was that the 15 m chart that it cleared out of the cloud?
  • #52,994
  • Dec 9, 2014 7:21pm Dec 9, 2014 7:21pm
Quoting smash1820
I wasn't exactly wrong, because it did go down massively, but I didn't take my profits on the position. Which is the worst mistake you can make in trading. I've switched to the long side for the time being. But I'll go back to my shorts when the time is right. I still believe it's going to tank sooner than later. Back to scalping mode, I guess. If I were scalping earlier, I would be up 100 pips already. I hate this. I didn't want to work that hard today.
i am not sure if i had to tell you this because you will hate me but i will still go ahead and try and i will put it in a very mild manner: read. get the right mindset. demo. and then come back to live trading. i know this sounds harsh but someone, at some point must tell you this. the reason i say this is i feel your mind is in absolute chaos. you must do something about this
As Above, So Below
  • #52,995
  • Dec 9, 2014 7:24pm Dec 9, 2014 7:24pm
Quoting chsortman
{quote} That's 300 pips away!
It's 200. Reading off the 4hr chart

It's just an add on to the buy at 119.588
  • #52,996
  • Dec 9, 2014 7:24pm Dec 9, 2014 7:24pm
Quoting Ken A
Few hundred pips is just a walk in the park for XXXJPY
I agree. That's why I'd rather take them on the way rather than wait until 122
  • #52,997
  • Dec 9, 2014 7:27pm Dec 9, 2014 7:27pm
I don't mind the harsh words tashkent. Sometimes I need it, because I can be as stupid as anyone. I'm a very emotional trader. And I expect close to perfection from myself. When I don't do it, I get angry. My system is capable of calling tops and bottoms and reversals and more within 1-5 pips, at most. I've been trading long enough that I want to be clear that I'm not a newb trader, and I know what I'm talking about. I just don't always do what I say, or say what I do. It's more a problem of my lack of discipline than anything else. Sometimes I daytrade (I usually do -- why didn't I this time?), sometimes I swing trade, and sometimes I invest. Sometimes I have lots of patience and sometimes I have none at all. There is no consistency to my habits, and that's the worst part. It's been a terrible start to the week for me, but I will make up for it. For one thing, because I predicted the 400 point downswing and barely caught any of it. For another, because I'm predicting another downswing *mark my words* and it seems I'm just a few hours too early for it. This is why I want to finish my algorithm because it can fix a lot of these problems.

Anywho , I won't be back on these forums or FF at all until I get my mind straight like you said.
Please check out my blog at https://from-zero-to-hero . net
  • #52,998
  • Dec 9, 2014 7:28pm Dec 9, 2014 7:28pm
Quoting tashkent
{quote} i am not sure if i had to tell you this because you will hate me but i will still go ahead and try and i will put it in a very mild manner: read. get the right mindset. demo. and then come back to live trading. i know this sounds harsh but someone, at some point must tell you this. the reason i say this is i feel your mind is in absolute chaos. you must do something about this
It's sound advice. We have all been there.
  • #52,999
  • Dec 9, 2014 7:32pm Dec 9, 2014 7:32pm
Quoting Ken A
{quote} If you didn't swing from lower price 11x.xx is better take profit as it comes .......... In a slight risk-off mode can easily wipe off few hundred pips gain such as yesterday .......
Now is the time to swing from price 11x.xx
  • #53,000
  • Dec 9, 2014 7:32pm Dec 9, 2014 7:32pm
Quoting smash1820
I don't mind the harsh words tashkent. Sometimes I need it, because I can be as stupid as anyone. I'm a very emotional trader. And I expect close to perfection from myself. When I don't do it, I get angry. I've been trading long enough that I want to be clear that I'm not a newb trader, and I know what I'm talking about. I just don't always do what I say, or say what I do. It's more a problem of my lack of discipline than anything else. Sometimes I daytrade (I usually do -- why didn't I this time?), sometimes I swing trade, and sometimes I invest....
Porn helps...MJ too
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