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USD/JPY Discussion

  • #55,761
  • Feb 11, 2015 11:13am Feb 11, 2015 11:13am
Quoting Ata-Turkoglu
{quote} Exactly.. soon that chart will become a monotone image.. and she can sell it for a good price to art collectors.. I think this could sell better than Monet or Rembrandt

but now i lost already.. T_T

last two weeks she was nice to me

now... XXXXX
  • #55,762
  • Feb 11, 2015 11:15am Feb 11, 2015 11:15am
Quoting albchr
{quote} Amazing!! Price hit every single line on your chart! Many more than once!! How on Earth do you do it??
never delete your trend line.. it was usefull..
  • #55,763
  • Feb 11, 2015 11:20am Feb 11, 2015 11:20am
Quoting adelle
{quote} never delete your trend line.. it was usefull..
Ghost Rider - WWTBMD?
  • #55,764
  • Feb 11, 2015 11:20am Feb 11, 2015 11:20am
finally got to offload longs after a long month, was holding a nasty 1 lot at 120, but managed to also get under it and get a decent one in at 116...

just closed out, decent profit, especially considering the drawdown, ill take it...

as my man elite would say - grew a pair of steel balls to hold

will wait to reload a long between 119.95 and 119.50 :nerd:
  • #55,765
  • Feb 11, 2015 1:02pm Feb 11, 2015 1:02pm
JPN225 nikkei is at the top, market open gap, so I expect the gap to be closed, and pull back on the USD JPY can still jump to 120 50 60 and start pull back
  • #55,766
  • Feb 11, 2015 2:03pm Feb 11, 2015 2:03pm
Quoting Tom_D_Trader
Yes mate, upper wedge. Lucky you got stopped out, if there is a gap up, could hurt a lot. Well, is hard to say, I think it happens like this: correction down to 118,54 118,3 118,165 max intraday overshoot which I expect @ Tuesday 117,945. But there is always but here. I aint really convinced in this move. Yes, we have broken mid and it appears it starts trending. But, was it last week, when FOMC panic on Friday pushed us to 116,9? I generally dont trust moves out of news and think market usually a) overreacts b)corrects c) and now this is conspiration...

Dear Tom,
Thanks so much for your chart u shared last week for usd/jpy it did help me trading this pair.
I was really impressed and happy to see a good trader like you.
Thank you
Ibram
  • #55,767
  • Feb 11, 2015 2:11pm Feb 11, 2015 2:11pm
Quoting Liam0530
finally got to offload longs after a long month, was holding a nasty 1 lot at 120, but managed to also get under it and get a decent one in at 116... just closed out, decent profit, especially considering the drawdown, ill take it... as my man elite would say - grew a pair of steel balls to hold will wait to reload a long between 119.95 and 119.50 :nerd:
hey liam do you think it will begin its retrace right now to 119.50 area or would it be wiser to hold onto my longs from that area that i already have,
  • #55,768
  • Feb 11, 2015 2:39pm Feb 11, 2015 2:39pm
Quoting RGomez
{quote} hey liam do you think it will begin its retrace right now to 119.50 area or would it be wiser to hold onto my longs from that area that i already have,
everyone trades differently...

maybe a good idea is to put a stop loss with half of your current profits.. that way you still making 40 or so pips if it starts to retrace

another way is to close half your position size .. and same thing on a retrace (stop loss)

this has more room though imo, theres resistance coming up at 700.. lets see what asia does with it
  • #55,769
  • Feb 11, 2015 3:20pm Feb 11, 2015 3:20pm
Quoting Liam0530
{quote} everyone trades differently... maybe a good idea is to put a stop loss with half of your current profits.. that way you still making 40 or so pips if it starts to retrace another way is to close half your position size .. and same thing on a retrace (stop loss) this has more room though imo, theres resistance coming up at 700.. lets see what asia does with it
i put a stop loss at 120.20 ill reload on the retrace, thanks for your input.
  • #55,770
  • Feb 11, 2015 6:57pm Feb 11, 2015 6:57pm
Ab=cd h4? (Look from mobile, not really clear)
should have short at 120.4
Tp 119.8sh
Tp2 119.5sh

Late entry, risky entry.
in the meantime anything could happen.
will see.
  • #55,771
  • Feb 11, 2015 7:00pm Feb 11, 2015 7:00pm
Quoting Idkurv
Ab=cd h4? (Look from mobile, not really clear) should have short at 120.4 Tp 119.8sh Tp2 119.5sh Late entry, risky entry. in the meantime anything could happen. will see.
Seek to short at retracement better
  • #55,772
  • Feb 11, 2015 7:08pm Feb 11, 2015 7:08pm
Think we're entering a sell zone for coming weeks.
  • #55,773
  • Feb 11, 2015 7:14pm Feb 11, 2015 7:14pm
Quoting Ck87
Think we're entering a sell zone for coming weeks.
Every day there's selling and buying

Tag along Tokyo buying 120.00 with mini target

Attached Image (click to enlarge)
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  • #55,774
  • Feb 11, 2015 7:26pm Feb 11, 2015 7:26pm
Quoting Idkurv
Ab=cd h4? (Look from mobile, not really clear) should have short at 120.4 Tp 119.8sh Tp2 119.5sh Late entry, risky entry. in the meantime anything could happen. will see.
Short at 120.3, small lot, risky entry.
  • #55,775
  • Feb 11, 2015 7:30pm Feb 11, 2015 7:30pm
Quoting Idkurv
{quote} Short at 120.3, small lot, risky entry.
i think itz way to 120.8xx.... after then i ll sell it
  • #55,776
  • Feb 11, 2015 7:31pm Feb 11, 2015 7:31pm
Quoting Ken A
{quote} Every day there's selling and buying Tag along Tokyo buying 120.00 with mini target {image}
It is..but i am not good scalper, still learning.
so many times just one side position only,
and it requires patience a lot, which i am still lacking
  • #55,777
  • Feb 11, 2015 7:40pm Feb 11, 2015 7:40pm
Quoting Idkurv
{quote} It is..but i am not good scalper, still learning. so many times just one side position only, and it requires patience a lot, which i am still lacking
You could be right to sell but watch the timing

Wellington - Tokyo - London - Europe - US - Wellington
  • #55,778
  • Feb 11, 2015 7:42pm Feb 11, 2015 7:42pm
Quoting Ken A
{quote} Every day there's selling and buying Tag along Tokyo buying 120.00 with mini target {image}
But of course Yeah, I mean this thing could sky rocket to new highs in coming weeks as well. But I expect some more sideways action before then.
  • #55,779
  • Feb 11, 2015 7:42pm Feb 11, 2015 7:42pm
Think to close my short, seems go up.
  • #55,780
  • Feb 11, 2015 7:45pm Feb 11, 2015 7:45pm
Quoting Idkurv
Think to close my short, seems go up.
120 was likely to have a bounce.... by tomorrow should be lower
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