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New Member
Posts: 1
Registered: 3 weeks ago
what you guys think about the pair?
Esteemed Contributor
Posts: 2,277
Registered: ‎10-03-2016

Re: USD/yen

HI @100k,  Got snagged at the 110,00 round number and 50% retracement of the down move but the dollar basket remains strong and price is comfortably above the 38.2% as well as the 100 day MA. As the Fib levels seem significant I would stick with them so after a daily close above 110,00 the first target should be 110,86 (61.8%) that was also a level of support previously and the 2nd target 112,33 (76.4%) and also a level of previous support.

 

 

USD_JPY_20180509_14.48.png

Frequent Contributor
Posts: 262
Registered: ‎31-03-2018

Re: USD/yen

Still a nice uptrend/reversal  line intact, accept to lose money , the trend is your friend until it bends., it could reverse, but read about eurgbp thread and will find clue.

 

FSA may object advice giving.

Frequent Contributor
Posts: 262
Registered: ‎31-03-2018

Re: USD/yen

I had a bet , bought 10 p a point, with a 200 pip stop.

 

Let us seusd jpy.jpg

Esteemed Contributor
Posts: 2,277
Registered: ‎10-03-2016

Re: USD/yen

Ha yes, the problem being a 200 point stop at £10/point is £2000 but you only have a £1000 live account remember, so this must be going on your celebrated £1,000,000 demo account.

 

Why would you want a 200 point stop, what significant level is that? A 125 point stop at 10848 (38.2 Fib) would be conservative but 200?

 

Resistance at 110 00 has not yet been broken to signal entry, buying directly into resistance doesn't work, once a break is clear that prior resistance is now support so the stop goes below. 

 

USD_JPY_20180509_21.32.png

 

 

Esteemed Contributor
Posts: 2,277
Registered: ‎10-03-2016

Re: USD/yen

Oh wait, you are talking pennies per point, sorry, my mistake.

Frequent Contributor
Posts: 262
Registered: ‎31-03-2018

Re: USD/yen

analysis paralysis , 

 

Posting 20 charts a day, never doing any trades or calling them in advance, at least I had a punt.Most traders can't handle putting on a live trade, they are waiting for certainty and confirmation, from t/a bs, that the trade is a guaranteed success, you are one of these traders.

 

There is no certainty in trading, so Casey just stay on forums and keep posting t/a charts.Oh I forgot  u need to go to specsavers, you missed the trend line break, a new set of specs  would have got you into a trade much lower, when trend line broke.I forgot you have not learnt trend line breaks yet.

 

Now there is an un uptrend line,you missed that as well, specsavers would have been cheaper, i forgot you haven't learnt this yet.

 

Actually this set up is quite a nice high probability set up, Casey you would not know , would you?Get a refund on the price action course you bought. from charlatans.

 

hope you can take your own banter , like a man.

 

An option strategy is to buy the 10900 calls and sell higher calls, oh option strategies failed, only you would not know how to make money from it.

 

For me it is a buy.

 

keep waiting and posting charts, those who can do,those who can't preach.

Esteemed Contributor
Posts: 2,277
Registered: ‎10-03-2016

Re: USD/yen

You finally took a punt in the middle of an up trend with a 200 point stop ha ha ha. You are better at baiting rather than trading.

 

The up trend is half over, you are so late. Oh look, lets go back to our uptrend long only options strategy oh wait, lets hope it's not about to run straight into consolidation and fail like it did last time, ha ha ha.

 

Oh dear, 10 years of failure and still doesn't understand market cycles.

Frequent Contributor
Posts: 262
Registered: ‎31-03-2018

Re: USD/yen

Intraday scalping?Price action intraday trading.

 

All your strategies are destined to fail, because 99% of day traders lose.My new Ea tests out all price action charlatans.It tests every candle formation and is designed to catch out fake price action gurus. Better start looking for another scheme.

Esteemed Contributor
Posts: 2,277
Registered: ‎10-03-2016

Re: USD/yen

You have been searching for the grail ea for 10 years and failed, thankfully you have the pension to live off because you certainly don't make money trading.

Frequent Contributor
Posts: 262
Registered: ‎31-03-2018

Re: USD/yen

No I just listen to forum gurus like you, then input the guru wisdom into the EA, then the EA also fails.

Community Manager
Posts: 1,154
Registered: ‎20-09-2016

Re: USD/yen

The original poster and topic of this thread may be interested in the client position we are seeing as reported on by DFX. It's looking like trade sentiment is split pretty evenly, but with a slight skew towards net long (but only by 6% or so!). 

2018-05-10 08_48_44-Forex_ IG Client Sentiment.png

Highlighted
Esteemed Contributor
Posts: 2,277
Registered: ‎10-03-2016

Re: USD/yen

US Treasuries starting to have second thoughts.

 

tres1.PNG

 

 

Frequent Contributor
Posts: 262
Registered: ‎31-03-2018

Re: USD/yen

Yes baby !

 

It is moving, it is a buy for me.Very nice set up.

 

I had a bet , bought 10 pence a point, with a 200 pip stop.

DDR
New Contributor
Posts: 3
Registered: ‎23-03-2017

Re: USD/yen

[ Edited ]

Month.pngweek.png

Hello everyone, this pair looks like it reaching a decision point soon.

I'm wondering if it will turn at the descending trend line or break upward  (*)

 

One to watch imho

 

PS With IG clients what are the holding costs for this pair as a CFD short position?

EG Daily interest only or are there other related costs ?

 

Thank you