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USD/JPY Discussion

  • #53,041
  • Dec 9, 2014 9:23pm Dec 9, 2014 9:23pm
Quoting Ken A
{quote} I won't try to catch every small swings ..... You can wait until Tokyo Mid Session or Tokyo Close then wait London open - Europe Open and Mid Session - Pre NY open - London Close - NY close - Wellington Open ... and so on .... Watch the markets and follow the money ....... Trading JPY need hard work by following and reading market conditions - it won't be easy

yeah. this is the part. im not reading enough.
  • #53,042
  • Dec 9, 2014 9:41pm Dec 9, 2014 9:41pm
Quoting tashkent
{quote} i guess no.1 can be fixed by applying martingale with strict money management
  • #53,043
  • Dec 9, 2014 9:52pm Dec 9, 2014 9:52pm
Quoting mk5
{quote} im short now. but doesnt look like its engulfing. but well tight stops targeting 118.72 area. whats u think
Looking good so far ............
  • #53,044
  • Dec 9, 2014 9:54pm Dec 9, 2014 9:54pm
closed at +20 lol.
  • #53,045
  • Dec 9, 2014 10:10pm Dec 9, 2014 10:10pm
if this pair goes down, it seems that it won't without an intense fight from the bulls.
  • #53,046
  • Dec 9, 2014 10:29pm Dec 9, 2014 10:29pm
Folks,

Hopefully 4th wave is over at 61.8 retracement on 1 hr. we might be in on the 5th wave . My sell position on 61.8 triggered and in decent profit now. will be putting sl to BE any moment. although the retracement wasn't a perfect abc but i'll take it .. there is however a possibility of price testing the resistance again and a little further north to a max of 120.20. 4th waves are always messy and time consuming. Initial target is 118.42 and tp2 is 117.50.

Good luck and play safe.
Here is the chart
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 1HR1012.JPG Size: 130 KB
STING
  • #53,047
  • Dec 9, 2014 10:53pm Dec 9, 2014 10:53pm
Umm, yeah, so 160 points down from the top and where I was expecting it to selloff... no surprise that I didn't even bank 1 pip on it, because I wasn't at my computer. I'm waiting for this move to happen ALL DAY, and of course, when I leave, that is when it happens. Whatever. I'm sick of this sht. Going to work on my algorithm for a bit and play some poker. I don't even care anymore.

Still want to call me a noob, tashkent/Ken A?
Please check out my blog at https://from-zero-to-hero . net
  • #53,048
  • Dec 9, 2014 10:57pm Dec 9, 2014 10:57pm
Quoting tashkent
{quote} i heard the secret of making profit is selling and buying at extremes
Short?

Attached Image (click to enlarge)
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  • #53,049
  • Dec 9, 2014 11:01pm Dec 9, 2014 11:01pm
Second chance to go long ?
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5 29.png Size: 47 KB

An even clearer picture on a JPY cross pair:
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYM5 07.png Size: 47 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #53,050
  • Dec 9, 2014 11:01pm Dec 9, 2014 11:01pm
USDJPY coming down to test 117.94, perhaps?
When in doubt, HEDGE
  • #53,051
  • Dec 9, 2014 11:03pm Dec 9, 2014 11:03pm
Quoting skyhok
Second chance to go long ? {image}
Daddy would love to see a new high.
  • #53,052
  • Dec 9, 2014 11:06pm Dec 9, 2014 11:06pm
Quoting smash1820
Umm, yeah, so 160 points down from the top and where I was expecting it to selloff... no surprise that I didn't even bank 1 pip on it, because I wasn't at my computer. I'm waiting for this move to happen ALL DAY, and of course, when I leave, that is when it happens. Whatever. I'm sick of this sht. Going to work on my algorithm for a bit and play some poker. I don't even care anymore. Still want to call me a noob, tashkent/Ken A?
lol. you are again absolutely missing the point. your calls mean nothing. no one can predict the market with 100% certainty. one day your right and another day wrong. the question is HOW you manage the trade and minimize the loss when you are wrong and HOW do you optimize the trade when you are right. the right answers to these questions are just the beginning of the journey.
anyway, take care of yourself my friend.
As Above, So Below
  • #53,053
  • Dec 9, 2014 11:06pm Dec 9, 2014 11:06pm
Quoting Ken A
{quote} Short? {image}
nah, just watching and enjoying the jpy rally
As Above, So Below
  • #53,054
  • Dec 9, 2014 11:11pm Dec 9, 2014 11:11pm
Quoting tashkent
it is highly improbable that time frames above 1H will close below that yellow line {image}
who the hell made you a high impact player????????? fucking joke.
  • #53,055
  • Dec 9, 2014 11:18pm Dec 9, 2014 11:18pm
Quoting giveachance
{quote} who the hell made you a high impact player????????? fucking joke.
are you ok? you can have that red flag sign and stick deep into your ass if it is bothering you or go complain to Twee
As Above, So Below
  • #53,056
  • Dec 9, 2014 11:31pm Dec 9, 2014 11:31pm
just woke up to this pile of garbage... hope this is just testing support before REALLY continuing its overall trend

  • #53,057
  • Dec 10, 2014 12:00am Dec 10, 2014 12:00am
just loaded up on 2 lots of gbpjpy, got in at 186.20.. trailing stop loss now at 20 pips.. working beautifully

gotta do SOMETHING while i wait for this UJ to crawl back up haha SHIT



EDIT: nvm, got stopped out before it continued back up, smh

40 pips though in about 10 minutes, ill take it
  • #53,058
  • Dec 10, 2014 12:06am Dec 10, 2014 12:06am
Nice bounce off the .618 retracement. Headed to 121
Good luck and may the odds be ever in your favor!
  • #53,059
  • Dec 10, 2014 12:07am Dec 10, 2014 12:07am
Absolutely getting my ass handed to me tonight...

Simply made a bad decision to invest when...
A. I had been drinking
B. Victoria Secret Fashion Show was on...
C. Obviously the market was not in my favor.

About the only good decision i made was to go long..

Those of you who choose to go short, God bless you! Going against the overall trend is stressful and ballsy.
  • #53,060
  • Dec 10, 2014 12:11am Dec 10, 2014 12:11am
Quoting tashkent
it is highly improbable that time frames above 1H will close below that yellow line {image}
Quoting giveachance
{quote} who the hell made you a high impact player????????? fucking joke.
this chart is especially for you twat - TF 4H, but before you open your mouth, i admit there could be couple of pips slippage
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As Above, So Below
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