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USD/JPY Discussion 12 replies

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USD/JPY Discussion

  • #59,881
  • Apr 22, 2016 3:29pm Apr 22, 2016 3:29pm
Quoting piupiu
{image}
well done man.
FREEDOM IS SECURITY.
  • #59,882
  • Apr 22, 2016 3:33pm Apr 22, 2016 3:33pm
Quoting hippiedog
{quote} well done man.
  • #59,883
  • Apr 22, 2016 4:10pm Apr 22, 2016 4:10pm
This pair's chart progress faster than I thought.
It will go south soon.
but needs a stimulus (what is it?).
  • #59,884
  • Apr 22, 2016 4:30pm Apr 22, 2016 4:30pm
Mortgage, really now that a time of refinancing
3 types for the resulting ultra-low interest rates aspects
http://translate.google.com/translat...s%2F-%2F114522
  • #59,885
  • Apr 22, 2016 10:47pm Apr 22, 2016 10:47pm
Buy the rumour sell the fact wit BoJ perhaps?
  • #59,886
  • Apr 23, 2016 8:07am Apr 23, 2016 8:07am
I didn't get good trades this week I shorted GbpUsd @1.44 and break even yesterday with the spike. Then Short EurJpy Thursday morning at the spike and got 70 pips and also GBPJPY short and got 70 pips and then waited for USDJPY to go up to 110.50 and it went through it like knife on butter and stop loss 111.50 so all profits went there. Break even week
  • #59,887
  • Apr 24, 2016 12:18am Apr 24, 2016 12:18am
Hello everyone.

I would like to share the latest video lesson I made with you.

I hope you find it useful. Your feedback is much appreciated

Best wishes

Please subscribe if you haven't already, share the video, like it, etc
Inserted Video
Be careful what you think because your thoughts run your life..Solomon
  • #59,888
  • Apr 24, 2016 12:49pm Apr 24, 2016 12:49pm
This week I will trade Bollinger bands setting 100/2 starting with sells back to lower Bollinger then buy back on 4H to upper Bollinger, no stops and always adding. Green pips traders.
FREEDOM IS SECURITY.
  • #59,889
  • Apr 24, 2016 1:08pm Apr 24, 2016 1:08pm
Quoting hippiedog
This week I will trade Bollinger bands setting 100/2 starting with sells back to lower Bollinger then buy back on 4H to upper Bollinger, no stops and always adding. Green pips traders.
You need to ease that out to 100/2.15 or something. Play with it and see.... ( am using 50/2.1 )
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #59,890
  • Apr 24, 2016 1:13pm Apr 24, 2016 1:13pm
Quoting Akt
Hello everyone. I would like to share the latest video lesson I made with you. I hope you find it useful. Your feedback is much appreciated Best wishes Please subscribe if you haven't already, share the video, like it, etc https://www.youtube.com/watch?v=nF5bQtuYHM8
Hi AKT
The decision for GBPJPY is based on monthly & daily time frame, how ever what should be action when price reaches to weekly supply zone,
as Monthly is down which will be best time to sell this pair.
I also request you to post the set of rules for supply & demand trading.
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  • #59,891
  • Apr 25, 2016 6:37am Apr 25, 2016 6:37am
Quoting Vsm
{quote} Hi AKT The decision for GBPJPY is based on monthly & daily time frame, how ever what should be action when price reaches to weekly supply zone, as Monthly is down which will be best time to sell this pair. I also request you to post the set of rules for supply & demand trading. {image}
Hello Vsm, thank you for your question. Really sorry for the delay in responding, life got in the way.

The decision to not sell the GBP/JPY is based on the view of a longer term trade. For a swing trader whose biggest time would be a weekly chart, price is currently in that trader's curve time frame meaning those traders are currently looking for selling opportunities on the 4hr, 3hr or even the 1hr. They are likely to get it as well.

The issue will arise about how long such trades are held, because of where we are on the monthly. Those trades if and when they occur may last for a few days but are not to be expected to last for several days. So being aware of where price is on the curve for your style of trading is critical.

I hope that helps. Let me know if you would like me to elaborate any further, happy to.

With regards to the rules, I have a lot of posts on FF where I describe my approach, I think you know that since I think we have chatted before.

Best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #59,892
  • Apr 25, 2016 9:01am Apr 25, 2016 9:01am
Quoting Akt
{quote} Hello Vsm, thank you for your question. Really sorry for the delay in responding, life got in the way. The decision to not sell the GBP/JPY is based on the view of a longer term trade. For a swing trader whose biggest time would be a weekly chart, price is currently in that trader's curve time frame meaning those traders are currently looking for selling opportunities on the 4hr, 3hr or even the 1hr. They are likely to get it as well. The issue will arise about how long such trades are held, because of where we are on the monthly. Those...
Thanks AKT for your explanation
When we are using Monthly, weekly, daily combo we always trade Weekly & daily time frames till they are in alignment with monthly,
In M,W,D down trend, when weekly demand zone is in control we avoid the daily short sell set up & wait for the retrenchment up to weekly supply zone, or break of daily trend line to create new supply imbalance to go sort.
The problem arises to me when monthly demand zone is in control
1)shall we avoid all short sell set up on weekly & daily & wait till price reaches to Monthly supply zone above?
If price fails to reach that monthly supply zone & reverses back , on which time frame we will confirm the change in trend on basis of break of trend line, weekly OR daily.
  • #59,893
  • Apr 25, 2016 9:23am Apr 25, 2016 9:23am
If 111.05 proves resistance now, we should see continued downward move all the way to US open.. If it breaks back above 11.05 - 10 area =Possible next bull move back up.. Time will tell. 15 min chart will tell me soon.
  • #59,894
  • Apr 25, 2016 9:49am Apr 25, 2016 9:49am
Quoting Vsm
{quote} Thanks AKT for your explanation When we are using Monthly, weekly, daily combo we always trade Weekly & daily time frames till they are in alignment with monthly, In M,W,D down trend, when weekly demand zone is in control we avoid the daily short sell set up & wait for the retrenchment up to weekly supply zone, or break of daily trend line to create new supply imbalance to go sort. The problem arises to me when monthly demand zone is in control 1)shall we avoid all short sell set up on weekly & daily & wait till price reaches to Monthly...
Hello Vsm.
I know exactly where you are coming from because I used to have the same issue a few years ago.

Here's the thing. When monthly demand zone comes to be in control price will not automatically shoot up. I don't know if you know much about big ton trucks but I use this analogy to explain it to people - if you have a 16 tonne truck going down a highway and it is needing to turn left, what must it do? It must start slowing down well before the turn.

Think of the big monthly time frame as a 16 tonne truck. When price reaches a monthly demand zone, weekly and daily trends will be down.

Now, we are looking for a turn by the 16 tonne truck. It will start slowing down on the daily chart, evidenced by a trend line break or daily SZs being removed and daily demand being created. The truck is changing gears, down shifting. It still has its momentum going forward though, (the weekly down trend). That must also be reduced for the truck to turn.

So if price retraces to a daily demand zone created inside a monthly demand zone and you go long with the weekly still in a downtrend, you want to use the weekly SZ as your target. You don't want to go short at the weekly SZ unless it is for day trades.

You wait to see if the weekly SZ is broken which by definition will take a few weeks unless there is a big move.

If and when the weekly SZ is broken then you know the 16 tonne truck is turning at a safe pace and is not at risk of jack knifing!.

Until this event, don't anticipate the break of the weekly SZ, respect it, use it as a target. If you are a day trader you may want to consider, say 15min SZ shorts in that weekly zone, keeping an eye on the fact that you are in monthly demand.

Sorry for the long response but I hope it helps

best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #59,895
  • Apr 25, 2016 12:48pm Apr 25, 2016 12:48pm
Quoting Akt
{quote} Hello Vsm. I know exactly where you are coming from because I used to have the same issue a few years ago. Here's the thing. When monthly demand zone comes to be in control price will not automatically shoot up. I don't know if you know much about big ton trucks but I use this analogy to explain it to people - if you have a 16 tonne truck going down a highway and it is needing to turn left, what must it do? It must start slowing down well before the turn. Think of the big monthly time frame as a 16 tonne truck. When price reaches a monthly...
Thanks AKT
I liked the analogy you, explained in practical sense.
About the middle time frame in M,W,D combo,The weekly one, Does it mean that all those weekly supply levels when price travels from Monthly demand in control to Monthly supply level above to be used as caution not to go long on new daily demands formed, when those weekly supply are in control. Just like a speed breakers to big truck you explained.
  • #59,896
  • Apr 25, 2016 12:52pm Apr 25, 2016 12:52pm
I reckon YEN will continue to slowly depreciate
  • #59,897
  • Apr 25, 2016 6:26pm Apr 25, 2016 6:26pm
VSM Post 59,893


Good question
  • #59,898
  • Apr 25, 2016 8:18pm Apr 25, 2016 8:18pm
There was a bottom formation there... My trailing SL closed my sell at 111.070 with 20pips profit. I now put a buy in when I saw the M30 roll under and then breach its 30mav. It has since run out of steam but I am 10pips up. I am just going to put a break even SL at 111.160 to call it a day.
  • #59,899
  • Apr 25, 2016 10:19pm Apr 25, 2016 10:19pm
Quoting Vsm
{quote} Thanks AKT I liked the analogy you, explained in practical sense. About the middle time frame in M,W,D combo,The weekly one, Does it mean that all those weekly supply levels when price travels from Monthly demand in control to Monthly supply level above to be used as caution not to go long on new daily demands formed, when those weekly supply are in control. Just like a speed breakers to big truck you explained.
Hello Vsm,

Yes that is absolutely correct. I know you are thinking right now, "how then can i buy since there are so many weekly supply zones on the way up as price travels from monthly demand to monthly supply". I know because that was the question I had.

What I did not understand at the time was that as price travels up from monthly demand and starts removing those weekly SZs in order to get to monthly Supply, gues what, it is creating demand zones on the weekly chart that I can then look to buy at!. That dear friend, is the fractality of price and why an understanding of multiple time frame analysis using this method is the most important skill to hone. I specialize in just that, as well as the risk management side of things.

Here is a set of explanatory pictures I hope you find useful in further explaining the answer to your question.

Best wishes

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Be careful what you think because your thoughts run your life..Solomon
  • #59,900
  • Apr 25, 2016 10:23pm Apr 25, 2016 10:23pm
Quoting stylinex
I reckon YEN will continue to slowly depreciate
Hello stylinex,

That is a really interesting view point, if you could elaborate on it I would really appreciate it please.

best wishes
Be careful what you think because your thoughts run your life..Solomon
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