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USD/JPY Discussion

  • #59,201
  • Feb 8, 2016 4:44pm Feb 8, 2016 4:44pm
Quoting Ken A
{quote} Then show us how you trade instead of criticizing people on hindsight ............. On hindsight everyone is the best ................
Are you even reading what I am posting?
- I never said anything about 'hindsight',
- my post you just quoted was your chance to answer the question I proposed!

Quote
You haven't been watching very closely if you've been here since 2008.:nerd:
His performance would beat any of the "guru" traders on the list you provided. I don't even need a TE to know that. If you watch HOW someone trades long enough you'd understand how well they perform. It's why you need to read a prospectus to understand HOW those traders get the results.

I haven't been watching at all since around 2009 Just got back online a couple of weeks ago.
Of course you are right, there are many traders trading all kinds of approaches making tons of money, outperforming what I posted, surely.
The point I wanted to make was more about what you can rely on and what not - in this regard I wasn't able to endorse the "buy low, sell high" philosophy (since I truely haven't seen any robust backtest on this appraoch, and a couple of traders doing it and who share their stuff on FF just won't be the most likely successful appraoch for the new trader), but more from a general point of view for any novice who might read this. No hard feelings.
The Essentials of Trading: Emotions, Risk Mgt, Price.
  • #59,202
  • Feb 8, 2016 4:49pm Feb 8, 2016 4:49pm
We have many gurus here ...........

If you can't trade then teach be a guru ..........
  • #59,203
  • Feb 8, 2016 4:57pm Feb 8, 2016 4:57pm
Quoting Ken A
We have many gurus here ........... If you can't trade then teach be a guru ..........
Apparently, you are completely unable to answer a question.
The Essentials of Trading: Emotions, Risk Mgt, Price.
  • #59,204
  • Feb 8, 2016 5:10pm Feb 8, 2016 5:10pm
Right now I have tons, a lot of them have been triggered already since end of last week and today was pretty rapid. USD/JPY for example hit at just below 116 (115.94). Hoping for a nice correction ending in 100-105. But I really have no friggin' clue. Just trading my plan.

How about you? What's your TF?
The Essentials of Trading: Emotions, Risk Mgt, Price.
  • #59,205
  • Feb 8, 2016 5:22pm Feb 8, 2016 5:22pm
Quoting Slight
Right now I have tons, a lot of them have been triggered already since end of last week and today was pretty rapid. USD/JPY for example hit at just below 116 (115.94). Hoping for a nice correction ending in 100-105. But I really have no friggin' clue. Just trading my plan. How about you? What's your TF?
time is too precious to spend it on a troll. you are labelled "guru" for just expressing your opinion and just wait little more and you will be labelled a "scammer" and then he will report you to FBI
As Above, So Below
  • #59,206
  • Feb 8, 2016 5:24pm Feb 8, 2016 5:24pm
Quoting tashkent
{quote} time is too precious to spend it on a troll. you are labelled "guru" for just expressing your opinion and just wait little more and you will be labelled a "scammer" and then he will report you to FBI
What?
The Essentials of Trading: Emotions, Risk Mgt, Price.
  • #59,207
  • Feb 8, 2016 5:31pm Feb 8, 2016 5:31pm
Quoting Ken A
{quote} For XXXJPY only EURJPY short running from last month For USDJPY long already S/O Still looking to long UJ - if s/o then it's fine and EJ short run
What's your Timeframe on that? I guess much shorter than mine, then this could make some sense. With USD/JPY important support broken today (116) possibility of longer-term downwards price action. Let's see..
The Essentials of Trading: Emotions, Risk Mgt, Price.
  • #59,208
  • Feb 8, 2016 5:46pm Feb 8, 2016 5:46pm
Quoting Ken A
{quote} Daily Still waiting for Japan to come online to decide - Since China is on Holidays nothing much to see
Thought it would be even shorter.
Good luck!
The Essentials of Trading: Emotions, Risk Mgt, Price.
  • #59,209
  • Feb 8, 2016 5:47pm Feb 8, 2016 5:47pm
The indicator shows that you need to sell, but at the same time, the price is limited to the lower abroad the cloud, which means that the support (114.628) comes into force. But if this price is passed, the next level will be as much as 105,266. In the meantime, we expect a small correction.
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  • #59,210
  • Feb 8, 2016 6:01pm Feb 8, 2016 6:01pm
Selling low and buying is some kind of new definition of trend following I had yet to hear of.

Silly me I always thought it was buy low, sell high.

Or sell (short0 high, buy low (to cover).
  • #59,211
  • Feb 8, 2016 6:06pm Feb 8, 2016 6:06pm
Quoting SunTrader
Selling low and buying is some kind of new definition of trend following I had yet to hear of. Silly me I always thought it was buy low, sell high. Or sell (short0 high, buy low (to cover).
It's not exactly new. Turtle Traders have been endorsing it since the 1980's. Livermore has been since the 1920's.

Buying low and selling high is the exact opposite of trendfollowing (as defined by Livermore and the Turtles).

However, there are traders saying that no matter what approach you trade, you always need a "trend" your position follows to make money. If you are a scalper, you still need a price movement in your direction, this already could be labeled as a tiny, tiny "trend."
The Essentials of Trading: Emotions, Risk Mgt, Price.
  • #59,212
  • Feb 8, 2016 6:13pm Feb 8, 2016 6:13pm
Quoting Slight
{quote} It's not exactly new. Turtle Traders have been endorsing it since the 1980's. Livermore has been since the 1920's. Buying low and selling high is the exact opposite of trendfollowing (as defined by Livermore and the Turtles). However, there are traders saying that no matter what approach you trade, you always need a "trend" your position follows to make money. If you are a scalper, you still need a price movement in your direction, this already could be labeled as a tiny, tiny "trend."
Right. Trends contains sub trends, mini & micro trends. Depending on your tf, there's not a golden rule. It's totally variable / dynamic.
  • #59,213
  • Feb 8, 2016 6:16pm Feb 8, 2016 6:16pm
Quoting midouch
{quote} Right. Trends contains sub trends, mini & micro trends. Depending on your tf, there's not a golden rule. It's totally variable / dynamic.
The Essentials of Trading: Emotions, Risk Mgt, Price.
  • #59,214
  • Edited 7:20pm Feb 8, 2016 6:33pm | Edited 7:20pm
Quoting Slight
Why everyone is always buying temporary bottoms in a downtrend is beyond me. Why would you even think about getting long on this thing right now? Just sell the breakouts or rallies, everything else is bugging the trend and won't be successful over the long haul.
What time frame are you working on based on this statement?

Quoting midouch
{quote} Right. Trends contains sub trends, mini & micro trends. Depending on your tf, there's not a golden rule. It's totally variable / dynamic.
Quoting Slight
{quote}
I see you agreed there are different trend on different time frame, and trend-follow strategy goes where the trend is. For example, if my scalping strategy 5M trend tell me go long, i go long regardless how other time frame might says.

In this case, i long the USDJPY while daily chart is down. Closed my position for 1.23% gain after 20 minutes. If that position hits sl, I am down 0.5%. At 1:3 RR, I'd take that trade in any given time.
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So is this also beyond you?

Quoting Slight
Why everyone is always buying temporary bottoms in a downtrend is beyond me. Why would you even think about getting long on this thing right now? Just sell the breakouts or rallies, everything else is bugging the trend and won't be successful over the long haul.
I'd like to call this trolling.
And I hope you don't use this approach in your 1 on 1 Coaching Section from the website you listed under your profile.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #59,215
  • Feb 8, 2016 6:36pm Feb 8, 2016 6:36pm
Is challenging ones and arguing for one's own opinion trolling now?

I am trading on daily and weekly timeframe in order to catch the biggest portion of a significant movement.
The Essentials of Trading: Emotions, Risk Mgt, Price.
  • #59,216
  • Edited 7:28pm Feb 8, 2016 6:55pm | Edited 7:28pm
Quoting Slight
Why everyone is always buying temporary bottoms in a downtrend is beyond me. Why would you even think about getting long on this thing right now? Just sell the breakouts or rallies, everything else is bugging the trend and won't be successful over the long haul.
Quoting Slight
Is challenging ones and arguing for one's own opinion trolling now? I am trading on daily and weekly timeframe in order to catch the biggest portion of a significant movement.
Now you say you are trading on daily and weekly chart, paw, I just don't think it's a decent thing to do to come in and poke you fingers at the scalping traders with your daily and weekly analysis especially when they might have lost their positions due to market randomness in a low liquidation NY section.

Nobody is happy after losing. Why would you shower fire with gasoline with you "beyond me" comments, endless defense and ONLY to ended agreeing "there are different trend on different time frame"?

A troll (/ˈtroʊl/, /ˈtrɒl/) is a person who sows discord on the Internet by starting arguments or upsetting people, by posting inflammatory,[1] extraneous, or off-topic messages in an online community (such as a newsgroup, forum, chat room, or blog) with the deliberate intent of provoking readers into an emotional response[2] or of otherwise disrupting normal on-topic discussion,[3] often for their own amusement.

I agree with your approach in terms of how the trend-following system should be used to profit and analysis on the daily chart, and I'd suggest you next time before you make "beyond me" statement, at least state where your ground is and pick on a discussion that is within your experty.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #59,217
  • Feb 8, 2016 7:32pm Feb 8, 2016 7:32pm
Quoting Slight
{quote} It's not exactly new. Turtle Traders have been endorsing it since the 1980's. Livermore has been since the 1920's. Buying low and selling high is the exact opposite of trendfollowing (as defined by Livermore and the Turtles). However, there are traders saying that no matter what approach you trade, you always need a "trend" your position follows to make money. If you are a scalper, you still need a price movement in your direction, this already could be labeled as a tiny, tiny "trend."
Be a little more specific next time. Buying higher or selling lower, if rules say to, is more like it.

Breakout above a 20 day high (Turtles for instance) is a lot different than just buying any old high, same in reverse.

BTW other than being a little unclear in your post I don't consider anything you've said trolling.
  • #59,218
  • Feb 8, 2016 7:33pm Feb 8, 2016 7:33pm
this is a fcking disgrace.
did anybody notice scammer Ken A deleted his post where he said long 115. 41 with stop loss at 115.16? now he is long 115...
i just want to throw up at him. piece of shit without an honor. Slight probably will remember that specific post from within last two hours.
why would ever someone do such thing? this is the third time he has been stopped out trying bottom picking today and he has no fcking understanding of price action. be a man, and get a long with it. this is just ridiculous.
As Above, So Below
  • #59,219
  • Feb 8, 2016 7:55pm Feb 8, 2016 7:55pm
Nikkei down over 700 points today
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  • #59,220
  • Feb 8, 2016 7:56pm Feb 8, 2016 7:56pm
Quoting tashkent
this is a fcking disgrace. did anybody notice scammer Ken A deleted his post where he said long 115. 41 with stop loss at 115.16? now he is long 115... i just want to throw up at him. piece of shit without an honor. Slight probably will remember that specific post from within last two hours. why would ever someone do such thing? this is the third time he has been stopped out trying bottom picking today and he has no fcking understanding of price action. be a man, and get a long with it. this is just ridiculous.
I was wondering where that post had vanished off to.
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