- #55,304
- Feb 2, 2015 9:50am Feb 2, 2015 9:50am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
"I know one thing, that I know nothing." Sokrates
- #55,305
- Feb 2, 2015 9:55am Feb 2, 2015 9:55am
Well I got burned a bit again and bailed on the road down. last few trades got stops at 117,115. pretty close given the speed. Now its me standing in front of train. Roles changed...
- #55,307
- Feb 2, 2015 9:59am Feb 2, 2015 9:59am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
{quote} I'm still holding tight
.Btw, have you been thinking all news whatever outcome were pro bears? Like they were looking for excuse. BoJ - expansive policy - bear. FOMC - nothing - bear. consumer spending - nothing - bear. PMI - ok that matters - big bear.
"I know one thing, that I know nothing." Sokrates
- #55,308
- Feb 2, 2015 10:11am Feb 2, 2015 10:11am
{quote} Well me too, kind of. I just shoot more and if comes through chew a little loss so I can reload. Slowly eating account in ranges when I fail to take partials..., like when some stupid news screw me
FOMC "nothing" is only temporary, it will change soon, but BoJ expansive policy is long term, so yeah, it may seem to be bear now, but only temporarily, whereas the bulls are always with us in long term - so I'm on that side
EDIT: let's see how the bounce from 117.23 will play out...
- #55,309
- Feb 2, 2015 10:18am Feb 2, 2015 10:18am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
{quote} let me correct you a bit: FOMC "nothing" is only temporary, it will change soon, but BoJ expansive policy is long term, so yeah, it may seem to be bear, but only temporarily, whereas the bulls are always with us in long term - so I'm on that side EDIT: let's see how the bounce from 117.23 will play out...
. Bouncing nice, could be h4 def, but... long time to go and momentum against us. Gtg, Cya later. T
"I know one thing, that I know nothing." Sokrates
- #55,311
- Feb 2, 2015 10:26am Feb 2, 2015 10:26am
- Joined Dec 2010 | Status: Foook Bollinger-dr.Kegel knows! | 9,794 Posts
- #55,314
- Feb 2, 2015 10:39am Feb 2, 2015 10:39am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Some of you guys must be super traders really know what to look to successfully trade USDJPY If you don't mind sharing your secret formula ........
Ghost Rider - WWTBMD?
- #55,317
- Feb 2, 2015 10:43am Feb 2, 2015 10:43am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} Twat
Ghost Rider - WWTBMD?
- #55,318
- Feb 2, 2015 10:50am Feb 2, 2015 10:50am
- Joined Apr 2014 | Status: Trader | 2,417 Posts
{quote} Well that was rather uncalled for me thinks. But yes, I'd love some.
Thanks a lot Chris I thought I was your best friend...
It's all about bucks, kid. The rest is conversation.
- #55,319
- Feb 2, 2015 10:53am Feb 2, 2015 10:53am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} Thanks a lot Chris I thought I was your best friend...
.... 
... 
.... Ghost Rider - WWTBMD?
- #55,320
- Feb 2, 2015 10:56am Feb 2, 2015 10:56am
Some of you guys must be super traders really know what to look to successfully trade USDJPY If you don't mind sharing your secret formula ........
In my opinion, you need at least to:
- zoom your charts to higher timeframes (W1, D1, H4, H1), anything below is too noisy for beginners to understand
- learn to read charts => google "candle stick patterns" and read every article about them until you remember/understand
- get familiar with Support & Resistance levels + Pivots + Fibonacci retracements
- imagine all the people behind the chart and try to figure out what are they thinking and going to do at the moment
- avoid (do not trade) any news until you really really know what are you doing
- trade small so you can always take your loss on StopLoss without any significant pain
- and lot more
but if you master the above, I bet you would behave better than 80% of people watching this forum.
Good luck...!