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USD/JPY Discussion

  • #65,661
  • Apr 25, 2017 4:09am Apr 25, 2017 4:09am
Yes but you have to pay for Doctorates

..and I'm not here to sell anything.
  • #65,662
  • Apr 25, 2017 4:09am Apr 25, 2017 4:09am
Although bearish pattern is cleared, it still needs to clear 110.51, then it will likely reach 110.84, otherwise any FBO will send it down, rinse and clean
  • #65,663
  • Apr 25, 2017 4:12am Apr 25, 2017 4:12am
Quoting FXClarity
Yes but you have to pay for Doctorates ..and I'm not here to sell anything.
I understand secret art like kungfu is not easily acquired, ask Bruce Lee and he will tell you, even after acquiring your need to expend it...
  • #65,664
  • Apr 25, 2017 4:23am Apr 25, 2017 4:23am
Quoting Trade-G
{quote} I understand secret art like kungfu is not easily acquired, ask Bruce Lee and he will tell you, even after acquiring your need to expend it...
Its really very simple...but takes a while to get your head around it.

 

  1. In this timeframe USD JPY is trending upward = Be long or be Flat


You'd need a VERY good reason to sell it just yet in this timeframe...

So unless you are trading retraces within a shorter timeframe..Why would you sell it?

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  • #65,665
  • Apr 25, 2017 4:33am Apr 25, 2017 4:33am
Answer:

You wouldn't sell it in this timeframe because its trending upwards and its going to make a new high - which it has just done - that's what happens in an uptrend.

Only now things get interesting..
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  • #65,666
  • Apr 25, 2017 4:33am Apr 25, 2017 4:33am
Quoting FXClarity
{quote} Its really very simple...but takes a while to get your head around it. In this timeframe USD JPY is trending upward = Be long or be Flat You'd need a VERY good reason to sell it just yet in this timeframe... So unless you are trading retraces within a shorter timeframe..Why would you sell it? {image}
Yes you are spot on, thanks, your chart above, since you read H1 may I know why you hesistated to short yesterday on the hourly when it breaks? M5 clued me in on the reversal, and it did so until the point I went long scalp but it was too late for me so I scratch win. The return to the 110 region was so much better as it was based on an FBO and looking at it 111.36 could be on the cards..
  • #65,667
  • Apr 25, 2017 4:35am Apr 25, 2017 4:35am
Quoting FXClarity
Answer: You wouldn't sell it in this timeframe because its trending upwards and its going to make a new high - which it has just done - that's what happens in an uptrend. Only now things get interesting.. {image}
May I know what you see as in it gets more interesting?
  • #65,668
  • Apr 25, 2017 4:38am Apr 25, 2017 4:38am
I never hesitated - there was no short for me yesterday, I made that clear - its as binary as that.

 

  1. There either is or there is not - no grey areas

  • #65,669
  • Apr 25, 2017 4:39am Apr 25, 2017 4:39am
Quoting FXClarity
I never hesitated - there was no short for me yesterday, I made that clear - its as binary as that. There either is or there is not - no grey areas
Ok let me see, your rules for H1 trending is only buy pullbacks for the ride up and never do retracement shorts?
  • #65,670
  • Apr 25, 2017 4:40am Apr 25, 2017 4:40am
Shorts: 110.465 & 110.522
We err, and err, and err again, but less.
  • #65,671
  • Apr 25, 2017 4:40am Apr 25, 2017 4:40am
Sorry mate but I aint being drawn into to giving a free trading seminar on a community forum. There is nothing in it for me is there?

I've provided the tools..the rest is down to you crafting your own strategy if you choose to do so
  • #65,672
  • Apr 25, 2017 4:41am Apr 25, 2017 4:41am
Quoting dweb
Shorts: 110.465 & 110.522
Aye - I knew you'd have the knives out!
  • #65,673
  • Apr 25, 2017 4:43am Apr 25, 2017 4:43am
Quoting PatienceFx
uj may cover gap and go north, so do not expect big targets on shorts
  • #65,674
  • Apr 25, 2017 4:46am Apr 25, 2017 4:46am
Quoting FXClarity
Sorry mate but I aint being drawn into to giving a free trading seminar on a community forum. There is nothing in it for me is there? I've provided the tools..the rest is down to you crafting your own strategy if you choose to do so
Just as the audience is all pens and paper you have to crush it don't you hahahhhaha..... I understand and I know your strict rules. Just as I shorted because I trade patterns even if it trends up.
  • #65,675
  • Apr 25, 2017 4:51am Apr 25, 2017 4:51am
do i rush into a short trap or wait now for a decent trigger and have a better RR , lets toss
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  • #65,676
  • Apr 25, 2017 4:54am Apr 25, 2017 4:54am
Quoting PatienceFx
do i rush into a short trap or wait now for a decent trigger and have a better RR , lets toss {image}
Short man..... structured channel up never last hahahhaahh
  • #65,677
  • Apr 25, 2017 4:56am Apr 25, 2017 4:56am
beware of the trendline
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  • #65,678
  • Apr 25, 2017 4:56am Apr 25, 2017 4:56am
Quoting Trade-G
{quote} May I know what you see as in it gets more interesting?
Sorry, I missed this whilst replying to your other question.

It gets more interesting because only now buyers will be covering long entries and scalp sellers will move in on the retest..as such its a major liquidity sell level...

 

  1. To close a buy you have to sell
  2. To go short you open a sell order


So..temporarily there is a vacuum of sell orders where traders like dweb and PatienceFX have their limit sell orders placed ready for a 'hit and run' to capitalise on this

Simple isn't it?

  • #65,679
  • Apr 25, 2017 4:57am Apr 25, 2017 4:57am
Quoting dweb
Shorts: 110.465 & 110.522
Out of shorts
  • #65,680
  • Apr 25, 2017 5:01am Apr 25, 2017 5:01am
Quoting FXClarity
{quote} Sorry, I missed this whilst replying to your other question. It gets more interesting because only now buyers will be covering long entries and scalp sellers will move in on the retest..as such its a major liquidity sell level... To close a buy you have to sell To go short you open a sell order So..temporarily there is a vacuum of sell orders where traders like dweb and PatienceFX have their limit sell orders placed ready for a 'hit and run' to capitalise on this Simple isn't it?
Yes sir you are correct. is it fair to add also that at this point many of the trapped longs weeks ago prior to the breakdown adds on to the selling process, the reaction here will tell something?
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