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  • #980,201
  • Apr 12, 2015 9:43pm Apr 12, 2015 9:43pm
Short again from 1.0595
I believe there is still another leg down..
A 5min close back below today's open (1.0584) should accelerate the move..
Target is 1.0508
Attached Image (click to enlarge)
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  • #980,202
  • Apr 12, 2015 9:46pm Apr 12, 2015 9:46pm
I feel that further bearish momentum may seek to target the weekly bottom bollinger band. Now at around 1.03
  • #980,203
  • Apr 12, 2015 9:46pm Apr 12, 2015 9:46pm

welcome back, i say to myself, after 6 day stay in the hospital!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #980,204
  • Apr 12, 2015 9:48pm Apr 12, 2015 9:48pm
Quoting KillerWhale
welcome back, i say to myself, after 6 day stay in the hospital!
Oh by the way, today is my birthday also.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #980,205
  • Apr 12, 2015 9:49pm Apr 12, 2015 9:49pm
Quoting TTFXHammer
{quote} Gotcha, I thought you were going the other direction
0620 break should accelerate further move up. Or Break of 0580 should accelerate to 0550. Let us see the break.
Intraday only.
  • #980,206
  • Apr 12, 2015 9:50pm Apr 12, 2015 9:50pm
Quoting KillerWhale
{quote} Oh by the way, today is my birthday also.
wish you the best.
Intraday only.
  • #980,207
  • Apr 12, 2015 9:50pm Apr 12, 2015 9:50pm
Quoting TTFXHammer
{quote} Everyone trades different, I'm only up 58% on the month. I'm curious though as to your stop strategy. Will one loss wipe out half of your profit for the year? Are you risking 50 pips to make 10? My average trade is 15 hours and averages 87 pips of profit....and I win 79% of my trades. Sometimes I'll pull 200+ pips and other times only 30....all depends on the real estate.
For every pip I try to earn, I willing to give up the same. So before hand I know exactly how many pips I am willing to give up, and nothing in the world will allow me to hold my position for a loss larger then what was already planned. As for your claiming to make 200 pips etc, you are right about it being subjective. I on the other hand risk .001% to 1.5% of per pip depending on the formation which I am scalping. So if 10-20 pips is my sl, then I will never be giving up more then 20% of my account.

P.S. 58% IS EXCELLENT PROFIT! Do you know how many people would smack their mother in public and post it on youtube to be able to make that amount of profit. Don't down play it, if it is indeed true.
Think backwards.
  • #980,208
  • Apr 12, 2015 9:54pm Apr 12, 2015 9:54pm
US earning season starts this week with many companies likely to have had their results impacted by the stronger US$. A weak set of results could put the brakes on further progress in the dollar’s rally, at least in the short term.

- source.
Intraday only.
  • #980,209
  • Apr 12, 2015 9:55pm Apr 12, 2015 9:55pm
Quoting Mr. Scott
{quote} Hi Pedro, Guess semantics, but doesn't qualify for me, but I do see symmetry and extensions as valid when they align. Watching monthly and level. This is what I had. Nice job. Take care. {image}
0495
  • #980,210
  • Apr 12, 2015 9:58pm Apr 12, 2015 9:58pm
So can anyone tell me quickly what the current situation is, without doing a lot of analysis myself?
Coz' anyone who has been in a hospital for a few days they will know how tired you are when you get finally out.
they wake you op in the middle of the night for blood samples and all kind of silly stuff like pulse rating, blood pressure, oxygen use etc.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #980,211
  • Apr 12, 2015 10:09pm Apr 12, 2015 10:09pm
Quoting KillerWhale
{quote} Oh by the way, today is my birthday also.
Happy birthday, and welcome back...oh, and do me a favor brother, stay out of the hospital...
Look Sharp/Trade Tight
  • #980,212
  • Apr 12, 2015 10:10pm Apr 12, 2015 10:10pm
Quoting TheNoob
{quote} is it your another account?... i see the same with tim & tom d trader... {image}
Nope, they are different. They have similar personalities tho.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #980,213
  • Apr 12, 2015 10:14pm Apr 12, 2015 10:14pm
Quoting KillerWhale
So can anyone tell me quickly what the current situation is, without doing a lot of analysis myself? Coz' anyone who has been in a hospital for a few days they will know how tired you are when you get finally out. they wake you op in the middle of the night for blood samples and all kind of silly stuff like pulse rating, blood pressure, oxygen use etc.
Situation is..price has stalled and is consolidating
Some traders are taking profit and some are trying to buy stating this is the end of the move.
Price hasn't reached or been rejected at any significant level yet (imo)
So i'd be looking to hold shorts or enter again depending on your risk appetite
Good luck hope your well
  • #980,214
  • Apr 12, 2015 10:20pm Apr 12, 2015 10:20pm
Quoting KillerWhale
{quote} Oh by the way, today is my birthday also.
Well, I haven't been here long enough to know you (or anyone else really), but... Happy Birthday... and glad you didn't have to spend it eating hospital food.
  • #980,215
  • Apr 12, 2015 10:24pm Apr 12, 2015 10:24pm
Quoting BabySteps101
So if 10-20 pips is my sl, then I will never be giving up more then 20% of my account.
I assume you mean 2%? Oh, and "and nothing in the world will allow me to hold my position for a loss larger then what was already planned"... yeah, as long as the Swiss dudes don't decide to go insane again.
  • #980,216
  • Apr 12, 2015 10:32pm Apr 12, 2015 10:32pm
Quoting gatorinla
{quote} lets see if we can close -0474.5 better -0471 this week.. next up needed for bears is 0583.9 closed on a day or bigger always better.. but starts with 1h and so on.. friday's close below 0610 has me still st bearish along with long term.. if i wanted to st long in the near future, i would look hard at .047x ish +- a few dozen...... considering a pending long at 00.8620 or less with a 40 pip stop. {image}
0583.9 may give up a lot of real estate. its atm low now w/o any bull signs yet. 0610 closed would be a bull start first sign with 0640 as a R.. top looks limited atm.. still holding shorts for same posted reasons. and yes 0832 is normal, but its against larger closes
chart before open and after live

http://www.forexfactory.com/attachme...1&d=1428865385
Attached Image (click to enlarge)
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those who can, do. those who cant, talk about those who can
  • #980,217
  • Apr 12, 2015 10:38pm Apr 12, 2015 10:38pm
When you think it is bull, there are someone who think it is bear, and vice versa. Else market will not exist, and no transaction happening. So, is it bull or is it bear ? let's get fooled by the randomness.
  • #980,218
  • Edited 10:59pm Apr 12, 2015 10:43pm | Edited 10:59pm
Quoting KillerWhale
So can anyone tell me quickly what the current situation is, without doing a lot of analysis myself? Coz' anyone who has been in a hospital for a few days they will know how tired you are when you get finally out. they wake you op in the middle of the night for blood samples and all kind of silly stuff like pulse rating, blood pressure, oxygen use etc.
Many believe its going to go down. Some are shorting uj with sl just above 122.00 for an outside chance because of good rr.
My doctors have given up and I can now die anytime therefore scalping.
That must be a U.S. hospital, little north, you don't come out alive from a hospital after spending a week there.
The Thief of Wall Street
  • #980,219
  • Apr 12, 2015 10:47pm Apr 12, 2015 10:47pm
this post right here is exactly why I am not shorting no USDJPY.
like.... ever.....

BTW CK87, funny how they mention about treasury yields being used as correlation to USDJPY doesn't it?
http://technical-analysis.forexlive....sdjpy-20150411

And yes... now that we're in Q2 2015, any good data from US is gona put upside pressure on USDJPY. bad data is gona keep USDJPY in the 118.5-120.5 range for an extended period of time. I don't see USDJPY going down to 115 unless a serious macro event occurs like war and people running to JPY as a safehaven risk aversion flow.

Quoting fxtyrant
{quote} huh.... you are saying USDJPY is correlated to US equities?? wow, and then my daily routine on the trading floor at the bank was to keep track of US treasuries + Nikkei 225 against USDJPY..... since these are teh well known correlation for USDJPY's move... not really US equities..... but yes if US eqities drop 10%, i will buy it for sure too, but i would prefer to Avoid shorting, id much rather let the fall play out first then jump in the bull bandwagon.
expect 120.70 today. 121 first target to hit within this week.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #980,220
  • Apr 12, 2015 10:52pm Apr 12, 2015 10:52pm
Quoting leekiangiap
When you think it is bull, there are someone who think it is bear, and vice versa. Else market will not exist, and no transaction happening. So, is it bull or is it bear ? let's get fooled by the randomness.
Logic always prevails. There are so many factors affecting currency prices that it is impossible to say anything for sure. However, its like weather. You know day's temperature will fluctuate but you know what it would be like during winter and summer.
Its random more on shorter timeframes than on bigger timeframes.
The Thief of Wall Street
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