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USD/JPY Discussion

  • #54,841
  • Jan 22, 2015 5:06pm Jan 22, 2015 5:06pm
Quoting oski22
I'm waiting to see what we do around 119 before shorting.
Good idea.. I will start adding little by little with some shorts at 117.80 and will add more every 20 pips higher..

Happy Trades
Focus only on what truly matters!
  • #54,842
  • Jan 22, 2015 5:19pm Jan 22, 2015 5:19pm
Do we see a retracment here again?
  • #54,843
  • Jan 22, 2015 5:22pm Jan 22, 2015 5:22pm
Quoting ahjukartul
Do we see a retracment here again?
I think since MACD starts showing triple divergence on 5 minute.. will take some pips even if a short-term retracement happen..

Happy Trades
Focus only on what truly matters!
  • #54,844
  • Jan 22, 2015 5:29pm Jan 22, 2015 5:29pm
117,8 seems a point to bounce
  • #54,845
  • Jan 22, 2015 6:02pm Jan 22, 2015 6:02pm
As I mentioned earlier entered short at 117.80.. now SL at -3 pips..

Happy Trades
Focus only on what truly matters!
  • #54,846
  • Jan 22, 2015 6:14pm Jan 22, 2015 6:14pm
Quoting Ata-Turkoglu
As I mentioned earlier entered short at 117.80.. now SL at -3 pips.. Happy Trades
Nice. I did the same on the GBP/JPY equivalent of 117.80 (178.50). How far are you going to hold it though? I've already closed one of my three shorts for around 40pips in profit.
  • #54,847
  • Jan 22, 2015 6:23pm Jan 22, 2015 6:23pm
Quoting Vermillion
{quote} Nice. I did the same on the GBP/JPY equivalent of 117.80 (178.50). How far are you going to hold it though? I've already closed one of my three shorts for around 40pips in profit.
Thanks.. well since volatility is low, I will wait and see how it goes.. (by watching the 1 minute too)

I am okay if I end up with -3 pips loss, but these levels can speed up in falling further down so it is worth the wait..

If it can go below 118.50 I will keep it.. but if it takes too much time to pass trough I can manually close with some little 5 to 10 pips profit.

Happy Trades
Focus only on what truly matters!
  • #54,848
  • Jan 22, 2015 6:31pm Jan 22, 2015 6:31pm
Quoting Ata-Turkoglu
{quote} .. but if it takes too much time to pass trough I can manually close with some little 5 to 10 pips profit. Happy Trades
About that. Do you use any chart indicators to determine rapid liquidation of your positions? For me, things like MACD, ichimoku, and others seem to be too slow for my tastes, and cost me far too many extra pips in the long run. More often than not, I just use the current price movement, volatility, and past experience with the currency.
  • #54,849
  • Jan 22, 2015 6:48pm Jan 22, 2015 6:48pm
Quoting Vermillion
{quote} About that. Do you use any chart indicators to determine rapid liquidation of your positions? For me, things like MACD, ichimoku, and others seem to be too slow for my tastes, and cost me far too many extra pips in the long run. More often than not, I just use the current price movement, volatility, and past experience with the currency.
Nothing I could tell.. together with the tools we use it is all about your experience and the patterns you recognize.. so the reasons why I decide to open a trade is solely personal.. it lives with me and will die with me..

But the only advice would be: Know how to use your tools.. even the simpliest tool like a knife can do so many things for you in a war.. but for someone who doesn't know how to use it the knife or any other weapon will do nothing.. so become a master of some commonly used indicators first.. and build up your feelings and experience with them..

Happy Trades
Focus only on what truly matters!
  • #54,850
  • Jan 22, 2015 6:50pm Jan 22, 2015 6:50pm
Enetered in short at 118.5, let's see where this goes...
  • #54,851
  • Jan 22, 2015 7:03pm Jan 22, 2015 7:03pm
My final target for this trade is 118.20.. will close manually once it gets there.. then will watch and see how it goes..
Focus only on what truly matters!
  • #54,852
  • Jan 22, 2015 8:29pm Jan 22, 2015 8:29pm
Quoting oski22
Enetered in short at 118.5, let's see where this goes...
TP at 118.36 for +14

Was starting to get nervous, it looks like a little bullish engulfing.
  • #54,853
  • Jan 22, 2015 8:37pm Jan 22, 2015 8:37pm
Quoting oski22
{quote} TP at 118.36 for +14 Was starting to get nervous, it looks like a little bullish engulfing.
No need to panic.. there is a little divergence on 5 min.. just getting out as soon as we see a divergence building itself is like coming too early.. not a good habit (Especially when love making)

A retest of 118 is possible!!!
Focus only on what truly matters!
  • #54,854
  • Jan 22, 2015 8:46pm Jan 22, 2015 8:46pm
A tip for those who would like to give it a try is using a 10 day EMA on your charts.. but you have to use an exact 10 day period for each timeframe..

My settings are timeframe specific so I use 10 day EMA like this (applied to closing price):

5 minute chart: Use EMA 2880, cause there are 2880 5 minute candles in 10 days
15 min chart: 2880/3 = 960, cause there are 960 15 minute candles in 10 days
30 min chart: 480
etc etc... yo get the idea.. the 10 day ema is very effective on showing where the general trend is.. price above it bullish, below it bearish..

So, based on the 10 day EMA, right now price is going to retest the 10 day ema on the 5 minute chart.. it is parallel exactly at 118.05 and I am sure price will touch it..

Happy Trades
Focus only on what truly matters!
  • #54,855
  • Jan 22, 2015 8:51pm Jan 22, 2015 8:51pm
please anybody have idea about gbp/usd.......... i put a buy trend yerstrday at 1.5120.... bt seems to be pair going down further...
  • #54,856
  • Jan 22, 2015 8:55pm Jan 22, 2015 8:55pm
Quoting kanchmadush
please anybody have idea about gbp/usd.......... i put a buy trend yerstrday at 1.5120.... bt seems to be pair going down further...
every pair showing multi year hi or low except gbp, which is next in line, i think it will go way below 1.50
  • #54,857
  • Jan 22, 2015 8:58pm Jan 22, 2015 8:58pm
Quoting mdrive
{quote} every pair showing multi year hi or low except gbp, which is next in line, i think it will go way below 1.50
you mean it will touch 1.48xx
  • #54,858
  • Jan 22, 2015 9:02pm Jan 22, 2015 9:02pm
Quoting kanchmadush
please anybody have idea about gbp/usd.......... i put a buy trend yerstrday at 1.5120.... bt seems to be pair going down further...
You should probably close it.. Should not hold losing trades that long especially if you are using a fair amount of leverage..
  • #54,859
  • Jan 22, 2015 9:05pm Jan 22, 2015 9:05pm
Quoting kanchmadush
please anybody have idea about gbp/usd.......... i put a buy trend yerstrday at 1.5120.... bt seems to be pair going down further...
It has still the potential to fall but on daily chart there is a little sign of divergence.. it is losing momentum and the divergence is still building itself which means there will be up and downs with lower lows still till 1.4880 area. But short term speaking there could be a retest of 1.5070... and next time don't wait so long to ask what to do.. the question is why did you wait so long to scream?
Focus only on what truly matters!
  • #54,860
  • Jan 22, 2015 9:50pm Jan 22, 2015 9:50pm
i want learn more about technichl,fundamentl,,,please anybody tell me anywebsite to follow
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