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USD/JPY Discussion

  • #62,541
  • Nov 2, 2016 7:38am Nov 2, 2016 7:38am
Quoting mades
{quote} That is all useless if you don't have a traders mentality. Thinking in probabilities and not trade-by-trade basis.

Traders mentality nonsense, when u know how to trade you know how to trade its as simple as that, add in some good mm principles and your good to go, there is always a probability a trade will not go your way but that is why we have money management principles and trade by trade basis to stop the over trading, guessing probability game.
Follow The Markets Structure - Patience and Discipline
  • #62,542
  • Nov 2, 2016 7:42am Nov 2, 2016 7:42am
Quoting pipfarm
{quote} I beg to differ, there is a right way, its called learn technical analysis, trends, retracements, patterns, timeframes etc it works perfectly if done right, everyone trying to reinvent the wheel.
Maybe, but if your presumably "wrong way" works for them...doesn't it make it right?

Anyway my last trade of the week before NFP.

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The only true wisdom is in knowing you know nothing.
  • #62,543
  • Nov 2, 2016 7:47am Nov 2, 2016 7:47am
Quoting pipfarm
{quote} Traders mentality nonsense, when u know how to trade you know how to trade its as simple as that, add in some good mm principles and your good to go, there is always a probability a trade will not go your way but that is why we have money management principles and trade by trade basis to stop the over trading, guessing probability game.
This is unworthy of any serious answer.
  • #62,544
  • Nov 2, 2016 7:54am Nov 2, 2016 7:54am
Quoting mades
{quote} This is unworthy of any serious answer.
Hahaha exactly...there are MANYMANY good traders out there with the skills...but emotions just gets in the way.
The only true wisdom is in knowing you know nothing.
  • #62,545
  • Nov 2, 2016 8:26am Nov 2, 2016 8:26am
Quoting mades
{quote} This is unworthy of any serious answer.

It was not a question , so no answer needed.
Follow The Markets Structure - Patience and Discipline
  • #62,546
  • Nov 2, 2016 9:00am Nov 2, 2016 9:00am
Quoting pipfarm
{quote} It was not a question , so no answer needed.
Why you think the price moves? Is it because of patterns you see on the charts?
  • #62,547
  • Nov 2, 2016 9:24am Nov 2, 2016 9:24am
Quoting mades
{quote} Why you think the price moves? Is it because of patterns you see on the charts?
FUNNY!!!LOL
Keep the Lights on then you can catch the rise from the dark.
  • #62,548
  • Nov 2, 2016 9:36am Nov 2, 2016 9:36am
Fed Fund rate, expected to be the same. i foresee Yen to be strengthen.
  • #62,549
  • Nov 2, 2016 9:45am Nov 2, 2016 9:45am
Quoting mades
{quote} Why you think the price moves? Is it because of patterns you see on the charts?
This is two questions which are not worthy of an answer.
Follow The Markets Structure - Patience and Discipline
  • #62,550
  • Nov 2, 2016 9:55am Nov 2, 2016 9:55am
Quoting pipfarm
{quote} This is two questions which are not worthy of an answer.
I guess you can't answer even the first one.
  • #62,551
  • Nov 2, 2016 9:57am Nov 2, 2016 9:57am
Quoting mades
{quote} I guess you can't answer even the first one.

Keep guessing because its probably the same way you trade.
Follow The Markets Structure - Patience and Discipline
  • #62,552
  • Nov 2, 2016 10:00am Nov 2, 2016 10:00am
Quoting pipfarm
{quote} Keep guessing because its probably the same way you trade.
You think that trading is anything more than educated guess?
  • #62,553
  • Nov 2, 2016 10:10am Nov 2, 2016 10:10am
Quoting mades
{quote} You think that trading is anything more than educated guess?
A guess does not require any education, trading requires knowledge and correct application of that knowledge.
Follow The Markets Structure - Patience and Discipline
  • #62,554
  • Nov 2, 2016 11:05am Nov 2, 2016 11:05am
Quoting pipfarm
{quote} A guess does not require any education, trading requires knowledge and correct application of that knowledge.
I'll help you: http://www.dictionary.com/browse/educated-guess
  • #62,555
  • Nov 2, 2016 11:25am Nov 2, 2016 11:25am
Quoting mades
{quote} I'll help you: http://www.dictionary.com/browse/educated-guess
https://en.oxforddictionaries.com/definition/knowledge
Follow The Markets Structure - Patience and Discipline
  • #62,556
  • Nov 2, 2016 11:53am Nov 2, 2016 11:53am
Well, now you defined what you're missing. It's a solid start.

Back to UJ, my educated guess is that price should stop around 102.80. It's 50% fib of last move up and it acted as Resistance-turned-support in the past. Below that we can revisit even 100.
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  • #62,557
  • Nov 2, 2016 12:13pm Nov 2, 2016 12:13pm
Quoting mades
Well, now you defined what you're missing. It's a solid start. Back to UJ, my educated guess is that price should stop around 102.80. It's 50% fib of last move up and it acted as Resistance-turned-support in the past. Below that we can revisit even 100. {image}
Educated guess

A guess based on knowledge and experience and therefore likely to be correct.

Looking at your chart i doubt you have the knowledge or experience to make an educated guess.

Knowledge

Facts, information, and skills acquired through experience or education;the theoretical or practical understanding of a subject.

Now you know what your missing
Follow The Markets Structure - Patience and Discipline
  • #62,558
  • Edited 2:04pm Nov 2, 2016 12:36pm | Edited 2:04pm
Quoting pipfarm
{quote} Educated guess A guess based on knowledge and experience and therefore likely to be correct. Looking at your chart i doubt you have the knowledge or experience to make an educated guess. Knowledge Facts, information, and skills acquired through experience or education;the theoretical or practical understanding of a subject. Now you know what your missing
you won.
  • #62,559
  • Nov 2, 2016 12:43pm Nov 2, 2016 12:43pm
FED word in 15 minutes or so.
  • #62,560
  • Nov 3, 2016 1:53am Nov 3, 2016 1:53am
Anyone care to take a punt on where it will reverse? Is 102.6-8 support considered to be broken? My next strong support is 101.6
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