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USD/JPY Discussion

  • #54,661
  • Jan 15, 2015 10:42pm Jan 15, 2015 10:42pm
Why should uj go up?
  • #54,662
  • Jan 15, 2015 10:59pm Jan 15, 2015 10:59pm
Quoting Idkurv
Why should uj go up?
Because he has a bunch of longs way underwater and he's not seeing the markets clearly because of it
check out my blog: forexmademillionaire dot com
  • #54,663
  • Jan 15, 2015 11:07pm Jan 15, 2015 11:07pm
Attached Image (click to enlarge)
Click to Enlarge Name: Snap1.jpg Size: 146 KB
Without an edge MM is useless!
  • #54,664
  • Jan 15, 2015 11:11pm Jan 15, 2015 11:11pm
Quoting afhacker
{image}
The market doesn't like beggars, afhacker
check out my blog: forexmademillionaire dot com
  • #54,665
  • Jan 15, 2015 11:20pm Jan 15, 2015 11:20pm
Quoting Geppy
{quote} The market doesn't like beggars, afhacker
Hmmm going long on UJ was my big mistake!
Without an edge MM is useless!
  • #54,666
  • Jan 15, 2015 11:21pm Jan 15, 2015 11:21pm
Quoting afhacker
{quote} Hmmm going long on UJ was my big mistake!
Hint: getting out is just as easy as getting in. And you'll feel a huge relief once you do too.
check out my blog: forexmademillionaire dot com
  • #54,667
  • Jan 15, 2015 11:26pm Jan 15, 2015 11:26pm
Quoting Geppy
{quote} Hint: getting out is just as easy as getting in. And you'll feel a huge relief once you do too.
If I close my trades now I will lose 9500 USD! There is no relief for me.
Without an edge MM is useless!
  • #54,668
  • Jan 15, 2015 11:36pm Jan 15, 2015 11:36pm
Quoting afhacker
{quote} If I close my trades now I will lose 9500 USD! There is no relief for me.
And how much do you lose if it goes lower and you get margin called?
check out my blog: forexmademillionaire dot com
  • #54,669
  • Jan 15, 2015 11:54pm Jan 15, 2015 11:54pm
Quoting afhacker
{quote} If I close my trades now I will lose 9500 USD! There is no relief for me.
Gidday Afhacker

Yeah Grasshoppers giving the peasants

a crash course in money management

The old ten cent retrace trick

not cool when they been talking

solar system an telephone numbers 120+

My MT4 froze could not close out -$5300

Lucky made up most of it in the wild moves in the others
  • #54,670
  • Jan 15, 2015 11:57pm Jan 15, 2015 11:57pm
afhacker, I feel your pain. I am also deep in the red on my long UJ trades. I averaged down a couple of times but doing that has only added to the losses. I am now expecting it to fall to 115.44 where I have another pending buy order, and hope that will be the end of it..
  • #54,671
  • Jan 15, 2015 11:59pm Jan 15, 2015 11:59pm
Quoting afhacker
{quote} If I close my trades now I will lose 9500 USD! There is no relief for me.
If 9500 usd is only 1 - 3% of your account size, it will not be a problem.
I am not recommending you anything, as I could be wrong.
what I say in the thread is just my personal view.

just share what i learn so far from forex trading (still new).
in the past i did not really watch my mm, placing too much lot per trade.
i could get 10 - 50% return in a day, but my account blown up many times too.
so in the long run i am not profitable, wasted all the effort.
Now i trade small , i trade to win, not to get rich quickly.
the result is more consistent, less stress, but yes return per day is much smaller now.
  • #54,672
  • Jan 16, 2015 12:13am Jan 16, 2015 12:13am
Quoting afhacker
{quote} If I close my trades now I will lose 9500 USD! There is no relief for me.
There is good reason for the USDJPY to go back up.

it is approaching the significant 115.50 support which many bulls will long at that point.

Market consensus is that the USDJPY will continue its upward trend.

I myself have a pending at 115.50 with a 50 pip hedge point.

as for you I would place a hedge some 50 or more pips below the 115.5 support. if that hedge gets triggered and price action goes lower place the SL for that hedge a few pips above entry point because nobody expects the USDJPY to go on a downtrend. remember the trend is your friend.
  • #54,673
  • Jan 16, 2015 12:27am Jan 16, 2015 12:27am
I'm not really into fundamental more towards technical, but lately I've been watching John Kicklighter from dailyfx Youtube Video for his daily analysis. He says that as right now USD and JPY is considered as safe heaven currency.
While I know why USD is safe heaven, can anybody please explain why JPY is also considered the same?
  • #54,674
  • Jan 16, 2015 12:57am Jan 16, 2015 12:57am
Actually there is starting to be talk about Japan ending their bond buying program because they are unsure it is even helping and it is hurting a lot of Japanese businesses, like insurance companies.

"Japan's central bankers mull diminishing returns from bond buying"

http://www.forexfactory.com/news.php?do=news&id=521833

In another article just posted on forexfactory front page, from the Wall Street Journal,

"BOJ Keeps Eye on Hedge Funds’ Yen Influence"

They are saying they wouldn't be surprised at all if the jpy strengthens unexpectedly because hedge funds and speculators are starting to unwind their longs. They said much of the moves to weaken the yen may start to unwind.

http://www.forexfactory.com/news.php?do=news&id=521900

Would not be longing this anytime soon. The up trend may be over.
  • #54,675
  • Jan 16, 2015 12:59am Jan 16, 2015 12:59am
Quoting gajebo
I'm not really into fundamental more towards technical, but lately I've been watching John Kicklighter from dailyfx Youtube Video for his daily analysis. He says that as right now USD and JPY is considered as safe heaven currency. While I know why USD is safe heaven, can anybody please explain why JPY is also considered the same?
if you know why USD is safe haven, then you should know why chf, jpy and gold are considered safe haven while aud,nzd,eur, s&P500 are risky assets.
  • #54,676
  • Jan 16, 2015 1:37am Jan 16, 2015 1:37am
The trend is your friend indeed, but there is always that one friend that decides to fck your husband...
  • #54,677
  • Jan 16, 2015 1:53am Jan 16, 2015 1:53am
Quoting LizzyBennet
The trend is your friend indeed, but there is always that one friend that decides to fck your husband...



Chicks are hard case

must be a girl thing
  • #54,678
  • Jan 16, 2015 4:27am Jan 16, 2015 4:27am
Can use this FNG for USDJPY - http://www.forexpeacearmy.com/forex-...17-2015-a.html
  • #54,679
  • Jan 16, 2015 4:35am Jan 16, 2015 4:35am
IMHO looks like some fund managers thinks that buying Japan bonds is a good deal but not at 115,90 ~ 116,00 levels.
BOJ is still printing to much money and the result is currency devaluation but every time it happens funds start buying bonds heavily and only stop at 116,00.
  • #54,680
  • Jan 16, 2015 8:41am Jan 16, 2015 8:41am
Good Friday squeeze.
Soar on my wings, you'll touch the hand of God, he'll make you King.
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