109.60/109.50

USD/JPY Discussion

Good for you. It feels great when it does.

USD/JPY Discussion

Yah, I have been naked many a times like that. It is hard to resist that rush of adrenalin you get by scalping a few pips here, a few there. After sufficient losses, the winners learn eventually.

USD/JPY Discussion

Forex is not as predictable as we often like to think it is. Sometimes it is wise to just take a position, sit back, relax and watch how it unfolds. Don't get caught in the assumed predictability. Go long, go strong and watch our for reversals ...

USD/JPY Discussion

Yup, no stop loss here as well. I think stop losses work only for bot scalping and nothing else pretty much. Good luck with your long. I think you are in at a pretty good place. I will keep updating my sentiment from time to time.

USD/JPY Discussion

It may want to form the double bottom on the M15. Or it may just keep creeping up and shoot when it is in the vicinity of 110. It is a 50-50 chance at this point. There is very little chance it will break below 109 with USD still bullish. So instead ...

USD/JPY Discussion

Well, I am a science PhD and I know how pseudo science and UFOs look like. So I am not even going to dignify your rant on Aubrey whatever. Coming to the more relevant question about your methods. It is theoretically possible but unlikely that you ...

Are there any Large Lot Traders here?

Probably, you have already decided, but the way this thing pierced the weekly high suggests an upward trend is intact. I have kept my positions open over the weekend.

USD/JPY Discussion

Oh man, this thread is getting ridiculous by the hour. Now it has come down to people contemplating 1000 years lives (and what helluva fun that would be with the meaningfulness it would spread to the far reaches of the world). You gotta be kidding ...

Are there any Large Lot Traders here?

This not being able to break 108.50 last night was extremely bullish. Obviously the japanese know better what to make of their health minister's comments. I am seeing 110 an higher this or by next week.

USD/JPY Discussion

True that. I am thinking maybe the Japan session will pull this lower to rest on 108.2 before tomorrows number which might decide its fate of whether to resume upwards or to break below. In any case I don't see this falling beyond 107.50. I will ...

USD/JPY Discussion

The fundamental picture has taken a hit with this news and it seems it has not been able to recover so far. I am thinking we may be revisiting lower numbers, at least a retest of the weekly bottom. The longer term trend is still up but 107.50 ...

USD/JPY Discussion

Yup, we get that. Otherwise it becomes unsustainable, irrespective of the gold . All good, man. In the end, we all want to think we make a difference. More power to you.

Are there any Large Lot Traders here?

The results were at expectation. Usually news events are used to get better entry points. Unless the news is way beyond expectation it won't shoot up as you would expect it to. But just when you think it is a good short you will see it reverse and ...

USD/JPY Discussion

I think it is human nature to pigeon hole someone as good or bad. To crucify or to deify - that is ingrained in us. Having followed this thread for a long time now (and having pm'ed the OP one time but not being able to reply to his reply - I take ...

Are there any Large Lot Traders here?

What are you, a teenager?

USD/JPY Discussion

Ar certain times a pair becomes a technical play and others it becomes a fundamental play. One of the easiest mistakes to make is to not being able to identify which is happening when. This pair is a pure fundamental play at this stage. Trying to ...

USD/JPY Discussion

108.50 is a potential reversal zone, from the 4hrly. However, let me tell you no one can answer that question of yours without sounding like a newb.

USD/JPY Discussion

Absolutely! Just look at the size of those weekly bars, think about monetary policies of US and japan, consider that until rate hike is announced in the US this puppy is going to go up simply because of 'buying the rumor'. This thing is a no-brainer ...

USD/JPY Discussion

Banks in Japan are all closed for the day. Therefore, fwiw, this retractment is on low volume so should be avoided as noise.

USD/JPY Discussion