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USD/JPY Discussion

  • #58,401
  • Nov 4, 2015 3:58pm Nov 4, 2015 3:58pm
well today there is a 10 year bond auction, historically that drives the price down, I have an entry of 121.30 (S) with a 30 pip sl, but you choose your sl based on your order size, and your reward risk ratio, if you don't know what that is Id look it up otherwise you might as well flip a coin.. or take your losses like a boss
  • #58,402
  • Nov 4, 2015 4:30pm Nov 4, 2015 4:30pm
Quoting Rijfie
Well any idees what to do. Placed a sell order. What do you guys think 1 - keep waiting for a drop down 2 - just take the loss with next drop down 3 - take an other sell order Any other idees. When this happens i don't know so well what to do. {image}
some cold hard facts

when you have to ask, because your losses are gaining - you have no business trading - brutal
But since you are asking - I ask, where is your stop loss? If you don't have one - you have no business trading - If you do have one, then wait
  • #58,403
  • Nov 4, 2015 6:56pm Nov 4, 2015 6:56pm
Quoting Compulsive
{quote} some cold hard facts when you have to ask, because your losses are gaining - you have no business trading - brutal But since you are asking - I ask, where is your stop loss? If you don't have one - you have no business trading - If you do have one, then wait
True, I never trade without the stop loss ... or when I see a strong reversal to my position, I got out even before it touches my stop loss.

It's too early for me to say but for now I still see bull ...
  • #58,404
  • Nov 4, 2015 7:28pm Nov 4, 2015 7:28pm
I love Hidden Divergence in any market - going long at the close at the 30 min bar
Attached Image (click to enlarge)
Click to Enlarge Name: ok.png Size: 48 KB
  • #58,405
  • Nov 5, 2015 12:47am Nov 5, 2015 12:47am
Well i have the time so i wait. Thanks for the comments. Always like to read opinions.
Happy trading
  • #58,406
  • Nov 5, 2015 1:54am Nov 5, 2015 1:54am
Quoting liquidice
{quote} True, I never trade without the stop loss ... or when I see a strong reversal to my position, I got out even before it touches my stop loss. It's too early for me to say but for now I still see bull ...
Was late to open my PC ,.. only manage to catch 1 pip .. waiting for a retrace now ...

Edit : wow no retrace .. straight go to 121.84
  • #58,407
  • Nov 5, 2015 2:16am Nov 5, 2015 2:16am
Quoting countdown
stay bull side above 121.320
keep in mind this level guys
do not stand out in the open with gun ;stand in the bushes with knife..
  • #58,408
  • Nov 5, 2015 2:45am Nov 5, 2015 2:45am
Quoting countdown
{quote} keep in mind this level guys
Is it safe for us to re enter the long position now? what do you think ...
  • #58,409
  • Nov 5, 2015 2:51am Nov 5, 2015 2:51am
Quoting liquidice
{quote} Is it safe for us to re enter the long position now? what do you think ...
I check this levels to see where price heading..
for example check 2014 september high and low.and look what price made moves above that level till 2015 september..
I am looking september high and low for all parities to see big picture..
For UJ open mountly graphic and see moves of 2012 2013 2014 september to september...
but i cant say to buy or sell. because i am opening positions with another strategy..(H1 ) very short term.
do not stand out in the open with gun ;stand in the bushes with knife..
  • #58,410
  • Nov 5, 2015 2:58am Nov 5, 2015 2:58am
UsdJpy ====> Buy Stop = 121848 / TP = 122238 / SL = 121383
if this order trigger ; open 2* lot SellStop = 121383 / TP = 121153 / SL = 121848
GL
do not stand out in the open with gun ;stand in the bushes with knife..
  • #58,411
  • Nov 5, 2015 2:59am Nov 5, 2015 2:59am
eh, to me it looks a bit extended, that last move to 121.80 looked parabolic, as soon as it goes down im going to put an entry order for (B) 121.70 and push it down accordingly
  • #58,412
  • Nov 5, 2015 4:15am Nov 5, 2015 4:15am
Quoting Gdhall59
Based on waves of daily chart, I believe we are in a Wave 1 of a continuing uptrend. I think wave C was a descending triangle correction that has now broken out. {image}

We are looking at move to at least 123.6xx before a retrace by my count on the daily charts.

EDIT: More recent chart added.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: USDJPYDaily.2.png Size: 25 KB
  • #58,413
  • Nov 5, 2015 6:47am Nov 5, 2015 6:47am
Quoting Gdhall59
{quote} We are looking at move to at least 123.6xx before a retrace by my count on the daily charts. EDIT: More recent chart added. {image} {image}
Could be .. it will try to reach the 122.42 - 122.98 and then 123.76

Best long entry for now maybe around 121.72-ish?
  • #58,414
  • Nov 5, 2015 9:21am Nov 5, 2015 9:21am
the tide slowly turning.Better position to short.
-CKB
  • #58,415
  • Nov 5, 2015 11:52am Nov 5, 2015 11:52am
Can someone teach me how to calculate the pip value?, I opened a 0,35 vol order @121,713(usd account)
  • #58,416
  • Nov 5, 2015 11:54am Nov 5, 2015 11:54am
Quoting Leonardlopz
Can someone teach me how to calculate the pip value?, I opened a 0,35 vol order @121,713(usd account)
https://www.cashbackforex.com/en-us/...alculator.aspx
  • #58,417
  • Nov 5, 2015 12:08pm Nov 5, 2015 12:08pm
Quoting mirrfx
the tide slowly turning.Better position to short.
agree,, had 2 nice st shorts TP earlier, waiting for a good reentry price,depending on H4, this resistance level has held since last 28AUG and tomorrow being end of week profit taking i expect a drop to 121.1xx for reset to the next leg up to 123.5xx by months end before ranging before DEC rate info
  • #58,418
  • Nov 5, 2015 12:13pm Nov 5, 2015 12:13pm
looking at 15m and 30 min chart change to go down. Placed sell.
Happy trading
  • #58,419
  • Nov 5, 2015 12:52pm Nov 5, 2015 12:52pm
Quoting Rijfie
looking at 15m and 30 min chart change to go down. Placed sell.
closed again
Happy trading
  • #58,420
  • Nov 5, 2015 2:51pm Nov 5, 2015 2:51pm
Quoting countdown
UsdJpy ====> Buy Stop = 121848 / TP = 122238 / SL = 121383 if this order trigger ; open 2* lot SellStop = 121383 / TP = 121153 / SL = 121848 GL
this order is active ( buystop)
set TP to entry level..try to leave position without gain..
GL
do not stand out in the open with gun ;stand in the bushes with knife..
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