USD/JPY Discussion

I agree.
I am a day trader. I just focus myself on the day.
But you are right.

Oh hell yeah.

USD JPY is still flirting with a potential of a Bull Flag break up in the mid timeframes which could easily propel it past its highs..I'm short, scalping and position building but ain't complacent.

The famous trader Peter Brandt wrote something along the lines of "My default expectation for every trade I take is that I'll be wrong - it helps me size the position better"

A wonderful quote from a trading veteran and one I bear in mind whenever I take a trade on nowadays...

 

1. "What if I'm wrong"?
2. "What is the opposition gearing up for"?

Bear Trap...

come on, I want to go to bed!

I would buy USD/JPY looking for a cheeky 35 pips.
Buy 1.1260 T/P 1.1295

That was achieved far quicker than anticipated

113.7X resistance

I expect a huge sell off on USDJPY after price hits this level.

It may pull back now.
I have placed a buy order in at 1.1252

TP reached at 112.91. Do you guys think it will keep going up?

Hope we see a higher high on daily to short it like hell

Testing again 113.20...

Sold: USD/JPY at 113. 11
Target 112.52

I am in too, Shorting : stop -10 Take profit +30 at almost 112.70 112.60

going higher still, i wouldn't wanna be short

Yep, very bad trade : -10 pipes.

If the strategy you deploy 'gave' a signal to sell and you use a 10 pip stop then you did what you should have done.

There is no need to feel 'bad' about it mate...Losses are an occupational hazard that all of use must face - business expenses

Thanks for your comment.
I don't feel bad.
I understand my mistake now, there is no problems,
I will make my best to avoid it next time.

I am trying to make a way to enter in M1 for H1 swing.

The enter in M1 was valid, but M5 trend was still up. I should have wait for valid M5 Breakdown.

115,xx if good news later

R2@ 114.15 ish

Cheers

Al.