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Bull City Baby! Buying Opportunities

  • #1,501
  • Dec 29, 2014 4:51pm Dec 29, 2014 4:51pm
Quoting dbutton1990
It is in my experience that when one yen pair moves, they all move...and generally in the same direction. I would be okay with multiple pairs posted here, but I would be afraid that it might become too confusing. Thoughts?
Yes, definitely a consideration and concern.

Right now I look at UJ, GJ, EA, AC. It's my opinion that 2-4 pairs is more than enough. Most pairs correlate to some extent, so it only causes confusion and indecision to look at too many pairs. And increases risk, or cancels out profit, potentially. But I see the problem could be different traders having a different set of pairs they look at, which wouldn't help others who trade another set.

I do think primarily the regular posters will stick to UJ primarily, as we've been trading that pair for the most part. If we get too much confusion with multiple pairs, I'll need to change it back. We'll see how it goes...
  • #1,502
  • Dec 29, 2014 5:05pm Dec 29, 2014 5:05pm
Quoting dbutton1990
It is in my experience that when one yen pair moves, they all move...and generally in the same direction. I would be okay with multiple pairs posted here, but I would be afraid that it might become too confusing. Thoughts?
I agree with that the focus should still remain UJ.

However I am all for people talking about other trades as long as it doesn't overtake the focus of buying UJ.
  • #1,503
  • Edited 6:07pm Dec 29, 2014 5:17pm | Edited 6:07pm
got 30 pips today from a buy at 120.30.. trailing stop got hit

currently set a buy limit at 120.30 again, 1st target 122

(i actually want to jump back in at 50 but might be a bit too eager)

lets see what crazyness tokyo session brings us

EDIT: was planning to stay away from the 24 to the 1st, but what else can i do? i love this lol
  • #1,504
  • Dec 29, 2014 5:52pm Dec 29, 2014 5:52pm
Quoting Liam0530
got 30 pips today from a buy at 120.30.. trailing stop got hit currently set a buy limit at 120.30 again, 1st target 122 (i actually want to jump back in at 50 but might be a bit too eager) lets see what crazyness tokyo session brings us EDIT: was planning to stay away from the 24 to the 1st, but what else can i do? i love this lol
You are getting way too excited for a measly 30 pips. Do me a favor, and delete the 4 letter word in your edit? Yes, I know rules are pain, aren't they?
  • #1,505
  • Dec 29, 2014 6:01pm Dec 29, 2014 6:01pm
Quoting benaiah
{quote} You are getting way too excited for a measly 30 pips. Do me a favor, and delete the 4 letter word in your edit? Yes, I know rules are pain, aren't they?
30 pips is enough to live every day ... Even 1 Lot with 30 pips every day and you are a wealthy man. The rest ... no comment lol
Fix up, trade sharp ...
  • #1,506
  • Dec 29, 2014 6:06pm Dec 29, 2014 6:06pm
Quoting benaiah
{quote} You are getting way too excited for a measly 30 pips. Do me a favor, and delete the 4 letter word in your edit? Yes, I know rules are pain, aren't they?
profit excites me period.. because profit is good.. ill take the 600$ thanks....

i also trade EU AU GU and UJ

i usually have 100 pip targets.. but considering end of year i took all my profits.... now keeping targets close by (usually just using a tight trailing stop)

sure, rules are rules friend..
  • #1,507
  • Dec 29, 2014 6:12pm Dec 29, 2014 6:12pm
Quoting Liam0530
{quote} profit excites me period.. because profit is good.. ill take the 600$ thanks.... i also trade EU AU GU and UJ i usually have 100 pip targets.. but considering end of year i took all my profits.... now keeping targets close by (usually just using a tight trailing stop) sure, rules are rules frien..
Thank you for your follow-up

I wouldn't have responded with a little "sarcasm" if not for your inclusion of "love for excrement". And I'm happy for your good trading day

And you DO come across as a good trader, and glad to you have your input. I already responded to one of your posts today with appreciation.

And thanks for the clean up.
  • #1,508
  • Dec 29, 2014 6:16pm Dec 29, 2014 6:16pm
Quoting Hickson
{quote} 30 pips is enough to live every day ... Even 1 Lot with 30 pips every day and you are a wealthy man. The rest ... no comment lol
well, if anyone can get 30+ pips a day consistently, then yes I agree it's good enough. But it cannot remain just 1 lot, and would have to be increased to several lots, in my opinion in order to = wealth.
  • #1,509
  • Dec 29, 2014 6:17pm Dec 29, 2014 6:17pm
Quoting benaiah
{quote} Thank you for your follow-up I wouldn't have responded with a little "sarcasm" if not for your inclusion of "love for excrement". And I'm happy for your good trading day And you DO come across as a good trader, and glad to you have your input. I already responded to one of your posts today with appreciation. And thanks for the clean up.
Thanks, all cool bro. Pip it up!

Your analysis is great, on point
  • #1,510
  • Dec 29, 2014 6:20pm Dec 29, 2014 6:20pm
Quoting benaiah
{quote} well, if anyone can get 30+ pips a day consistently, then yes I agree it's good enough. But it cannot remain just 1 lot, and would have to be increased to several lots, in my opinion in order to = wealth.
Hm, 1 Lot is around 10 $ per pip, so 30 pips are about 300 $ every day. 5 days a week trading makes 1500 $, 4 weeks of 1500 $ profits make 6000 $ a months, even after taxes I consider this pretty wealthy in my reality. True, you will probably not own a yacht, Ferrari or something, but you will not have a hard time with this income ... especially not in countries where life is not as expensive as in Europe
Fix up, trade sharp ...
  • #1,511
  • Dec 29, 2014 6:29pm Dec 29, 2014 6:29pm
On U/J: H1 looking pretty toppish to me, potential H4 double top?
Fix up, trade sharp ...
  • #1,512
  • Dec 29, 2014 6:36pm Dec 29, 2014 6:36pm
Quoting Hickson
{quote} Hm, 1 Lot is around 10 $ per pip, so 30 pips are about 300 $ every day. 5 days a week trading makes 1500 $, 4 weeks of 1500 $ profits make 6000 $ a months, even after taxes I consider this pretty wealthy in my reality. True, you will probably not own a yacht, Ferrari or something, but you will not have a hard time with this income ... especially not in countries where life is not as expensive as in Europe
I agree, "wealth" is relative. As far as what wealth is, maybe we don't agree. But that's okay. I also do not need "wealth" (in terms of my definition) in order to be happy, and make ends meet. In the past, I made much more, and needed much more than the income you describe just to make ends meet. But now, I only need a fraction of that since I've simplified my life so much. I joke with my wife that it's time to pay the bill. I used to have bills, but now only one. Ha ha. Anyway, stop by more often and share your UJ trades
  • #1,513
  • Dec 29, 2014 6:39pm Dec 29, 2014 6:39pm
Quoting Liam0530
{quote} Thanks, all cool bro. Pip it up! Your analysis is great, on point
Well, if you are targeting 100 pips a day, I need to learn from you
  • #1,514
  • Dec 29, 2014 6:39pm Dec 29, 2014 6:39pm
Quoting Hickson
On U/J: H1 looking pretty toppish to me, potential H4 double top?
A/J seems to look the same to me, might need a bit of retrace before making another run upside?
  • #1,515
  • Dec 29, 2014 6:42pm Dec 29, 2014 6:42pm
Quoting Hickson
On U/J: H1 looking pretty toppish to me, potential H4 double top?
Watching...

Here I go again watching lower time frames, glued to the screen. But I see it trying to find support, but right at resistance. Too soon to tell imo if it is time to TP and stand aside...
  • #1,516
  • Dec 29, 2014 6:48pm Dec 29, 2014 6:48pm
120.60 is the key level price needs to stay above and reject. It may hover around here a while drop below it. But I think I'd need to see a solid move/rejection of 120.60 to confirm anything...
  • #1,517
  • Dec 29, 2014 6:49pm Dec 29, 2014 6:49pm
Quoting benaiah
{quote} I agree, "wealth" is relative. As far as what wealth is, maybe we don't agree. But that's okay. I also do not need "wealth" (in terms of my definition) in order to be happy, and make ends meet. In the past, I made much more, and needed much more than the income you describe just to make ends meet. But now, I only need a fraction of that since I've simplified my life so much. I joke with my wife that it's time to pay the bill. I used to have bills, but now only one. Ha ha. Anyway, stop by more often and share your UJ trades
Yeah, for 70 % of the world a poor person in Europe with nothing but a cheap flat and food is rich. I will not play a moral instance here, just food for thought. We all want more as human beings, driven by greed. One very much, one rather not. But a tiny bit more is never bad for everyone. Sometimes you even need it to make ends meet, for example if you have to travel to see loved ones like your wife, relatives etc. Well, let's see. As soon as I can simply make a decent living of trading, I will be happy enough.

As you know, I trade Geppy more often than U/J, but look at U/J therefore of course! In general the Yen pairs have given me a headache quite often since they move really crazy sometimes and seem manipulated like hell to me (well ok, which market is not manipulated nowadays lol). Nevertheless, with the big moves possible great R:R trades can be done on these. Same with EUR/AUD and other crosses. Just do not trade so many pairs any more like I was doing in the beginning for the reasons you mentioned here earlier. Mostly doing the basic stuff with E/U, G/U now, then some Geppy and sometimes A/U. Kiwi is something I lost interest totally ... it seems like this is just not my pair for whatever reason!
Fix up, trade sharp ...
  • #1,518
  • Dec 29, 2014 6:51pm Dec 29, 2014 6:51pm
Quoting js5020
{quote} A/J seems to look the same to me, might need a bit of retrace before making another run upside?
Have not taken a look at A/J for weeks at least, both bearish as hell and not very interesting I thought.
Fix up, trade sharp ...
  • #1,519
  • Dec 29, 2014 6:52pm Dec 29, 2014 6:52pm
Quoting benaiah
{quote} Watching... Here I go again watching lower time frames, glued to the screen. But I see it trying to find support, but right at resistance. Too soon to tell imo if it is time to TP and stand aside...
LOL I tell you ... I am watching M1 and M5 now more often, but differently from the beginnings ... scalping purposes of course.
Fix up, trade sharp ...
  • #1,520
  • Dec 29, 2014 7:03pm Dec 29, 2014 7:03pm
Quoting Hickson
{quote} Yeah, for 70 % of the world a poor person in Europe with nothing but a cheap flat and food is rich. I will not play a moral instance here, just food for thought. We all want more as human beings, driven by greed. One very much, one rather not. But a tiny bit more is never bad for everyone. Sometimes you even need it to make ends meet, for example if you have to travel to see loved ones like your wife, relatives etc. Well, let's see. As soon as I can simply make a decent living of trading, I will be happy enough. As you know, I trade Geppy...
Okay, but I think you misunderstood me if you bring up moral instance. I never said anything about wanting wealth, just the definition. PM me if you want to discuss this further, as I'd be happy to share my views on this, but no not on this thread.
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