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USD/JPY Discussion

  • #65,901
  • Apr 28, 2017 4:42am Apr 28, 2017 4:42am
Quoting FXClarity
I don't use hard stop on a chart...That is suicide mate. I've a level that I'm targeting in the Gap and this is my first entry into that - I build a position and will scale into it and scale out of it. Its an approach which works for me and allows a little more flexibility. If you wish you could check out the EUR CAD thread where I posted a series of live trades on a swing..sadly there was barely a response so I decided I wouldn't go through trouble again. As you can see price has gone up about 5 pips so far since my entry..I have barely raised...
Yes I noticed that last week, no participation at all in that thread....
  • #65,902
  • Apr 28, 2017 4:48am Apr 28, 2017 4:48am
True.

I decided after that I wouldn't bother doing it again.

Have you had a good week?
  • #65,903
  • Apr 28, 2017 4:53am Apr 28, 2017 4:53am
Quoting FXClarity
True. I decided after that I wouldn't bother doing it again. Have you had a good week?
Ok week not supposed to trade today, but just couldn't help it, last trade and see how it pans out.... between I am quite new here and only started posting more actively, if you are ok, you may wish to continue your posting, I have a keen interest...
  • #65,904
  • Apr 28, 2017 4:55am Apr 28, 2017 4:55am
Its a place to hang out when you have quiet moments but if you are looking to craft a strategy - you'd be better investing the time in yourself.
  • #65,905
  • Apr 28, 2017 5:02am Apr 28, 2017 5:02am
111.56 R
  • #65,906
  • Apr 28, 2017 5:08am Apr 28, 2017 5:08am
...Off an Outside Candle in the H1..there is a lot of accumulation below too which has been tapped into (the Red levels)
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  • #65,907
  • Apr 28, 2017 5:17am Apr 28, 2017 5:17am
Quoting FXClarity
...Off an Outside Candle in the H1..there is a lot of accumulation below too which has been tapped into (the Red levels) {image}
If I am seeing it correctly you are referring to the same below that accumulate and spring down before the snap up and here the same spring up before snap down?
  • #65,908
  • Apr 28, 2017 5:20am Apr 28, 2017 5:20am
I have no idea what you have written, sorry - that is a little to complex for my brain to absorb.

My target sits within the Gap and I'm building a position accordingly..Sorry but that's all I've got for you.
  • #65,909
  • Apr 28, 2017 5:21am Apr 28, 2017 5:21am
My shorts were because of the trendline resistance with buffer and the current could be a false breakout to the upside, and if it were to work out, it will be a point of no return hahahhaha.... but I am out of my shorts scalp
  • #65,910
  • Apr 28, 2017 5:23am Apr 28, 2017 5:23am
No worries, we all have different agenda's

Well aside from enjoying our exchange its rather lifeless in here so I'm off for now.

Bear in mind its the last trading day off the month into a holiday weekend in the UK..
  • #65,911
  • Apr 28, 2017 5:25am Apr 28, 2017 5:25am
Quoting FXClarity
No worries, we all have different agenda's Well aside from enjoying our exchange its rather lifeless in here so I'm off for now. Bear in mind its the last trading day off the month into a holiday weekend in the UK..
Ok mate enjoy your bank holiday.... and see you soon
  • #65,912
  • Apr 28, 2017 5:27am Apr 28, 2017 5:27am
My feel is that the target to the upside at 112.20 region is not tagged..... but the pocket and gap below needs to close lol
  • #65,913
  • Apr 28, 2017 5:45am Apr 28, 2017 5:45am
Quoting FXClarity
I don't use hard stop on a chart...That is suicide mate. I've a level that I'm targeting in the Gap and this is my first entry into that - I build a position and will scale into it and scale out of it. Its an approach which works for me and allows a little more flexibility. If you wish you could check out the EUR CAD thread where I posted a series of live trades on a swing..sadly there was barely a response so I decided I wouldn't go through trouble again. As you can see price has gone up about 5 pips so far since my entry..I have barely raised...
Just out of curiosity, where will you say / think that oh damn, got in way too early. Better buy this $#!t. Do you have such a lvl / price ?.
  • #65,914
  • Apr 28, 2017 5:59am Apr 28, 2017 5:59am
You all are hooked on " Gaps" Whore houses cost money. Being hooked can send you broke.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: b4f7600a-bcd5-4fb5-b4d8-fd628ec290dc.jpg Size: 96 KB
  • #65,915
  • Apr 28, 2017 6:07am Apr 28, 2017 6:07am
Quoting rythmrig
You all are hooked on " Gaps" Whore houses cost money. Being hooked can send you broke. {image} {image}
Its not the gap I'm hooked on its the level where it broke out from within the Gap - I've made that VERY clear
  • #65,916
  • Apr 28, 2017 6:10am Apr 28, 2017 6:10am
Quoting NMZee
{quote} Just out of curiosity, where will you say / think that oh damn, got in way too early. Better buy this $#!t. Do you have such a lvl / price ?.
Nope, that is to much pressure..I don't put myself under pressure like that.

Before I enter a trade I have an exit in place and trade towards it..My time horizon is longer than a few minutes or a few days and the last time I swing shorted the UJ I held for four months..I'm cool with that if the profit warrants the venture.
  • #65,917
  • Apr 28, 2017 6:14am Apr 28, 2017 6:14am
Quoting FXClarity
{quote} Nope, that is to much pressure..I don't put myself under pressure like that. Before I enter a trade I have an exit in place and trade towards it..My time horizon is longer than a few minutes or a few days and the last time I swing shorted the UJ I held for four months..I'm cool with that if the profit warrants the venture.
Totally understood your philosophy. You are a swing / position trader. Once a great wall street trader said, you dont have to catch every swing of the market. Choose your direction and your entry, have enough money to back your trade and you will end up making money.
  • #65,918
  • Apr 28, 2017 6:18am Apr 28, 2017 6:18am
Quoting NMZee
{quote} Totally understood your philosophy. You are a swing / position trader. Once a great wall street trader said, you dont have to catch every swing of the market. Choose your direction and your entry, have enough money to back your trade and you will end up making money.
By same token, uj can go upto 113.00 113.50 or 109.08 or 108. 01. Even on the higher side its a 200 pips range but if it goes down .....good profit....timing is the only key.☺
  • #65,919
  • Apr 28, 2017 6:21am Apr 28, 2017 6:21am
Quoting NMZee
{quote} Totally understood your philosophy. You are a swing / position trader. Once a great wall street trader said, you dont have to catch every swing of the market. Choose your direction and your entry, have enough money to back your trade and you will end up making money.
Yes, I wholeheartedly subscribe to this too - a position trader walks at a more leisurely pace and smells the roses.

Each to their own but trying to nail an exact entry point with a mega tight stop day after day would send me insane.

Catch you all later. Got to go out for a while.
  • #65,920
  • Apr 28, 2017 7:01am Apr 28, 2017 7:01am
Quoting FXClarity
{quote} Yes, I wholeheartedly subscribe to this too - a position trader walks at a more leisurely pace and smells the roses. Each to their own but trying to nail an exact entry point with a mega tight stop day after day would send me insane. Catch you all later. Got to go out for a while.
That's what I do.... and I am trying bigger swings.....
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