Keep your drawdown under 10% and attain anything above 1.5% a month returns for at least 12 months then socialtrade or open MAM or Pamm and you will attract capital and trade for a living if that is something that appeals.. Then when you get over ...

USD/JPY Discussion

Oh, that's very true; a test of Prop Traders was once to put them in on a random entry which went offside and tell them to trade their way back to at least break even. Once a trader learns how to apply position sizing and money management they truly ...

USD/JPY Discussion

Well, I guess when you are a technical trader you need a framework to operate in this chaos in an attempt to apply structure to what might well be random. Throw in some position sizing and money management and it becomes a business plan. Then you ...

USD/JPY Discussion

I have levels like this set up on several charts and take them on when they trigger - if they don't - I walk away and let them go..I let a lot go, I'm very patient

USD/JPY Discussion

Because it would trigger a 'Pump and Dump' off the low - otherwise known as a failure swing.

USD/JPY Discussion

Its testing the upper trendline within the 15min timeframe (one of the data points I alluded to earlier). If it pumps through the high at 111.50 then rolls over and dumps through 111.38..I'll short the crap out of it.

USD/JPY Discussion

Well it's bull flagged it's way up in the mid timeframes and created data points so it's 'more shortable' than it was yesterday (which was suicide). But you don't need to 'Wed' USD JPY...a good business leader sources opportunities from a range of ...

USD/JPY Discussion

As I wrote earlier today with a supporting chart. USD JPY was Long = Either be Long or flat. Why the hell would you sell something that is rising? Unless you are a very capable scalper trading short you would have been crushed.

USD/JPY Discussion

Blimey this thread died a bit...Hope people have not been carved up shorting this pair.. In answer to your question. Retail FX doesn't operate through a centralised exchange thus brokers prices will all differ. One of the worst examples in recent ...

USD/JPY Discussion

Many successful traders scalp and lever up - Good for you Right, I'm done. Trade safe

USD/JPY Discussion

Why not..Ht and run for 10 pips or so (or cover and pull stop in)..they all add up. This red candle is how it looks real time and many scalpers off the touch point have banked their money and got out

USD/JPY Discussion

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 ...

USD/JPY Discussion

Aye - I knew you'd have the knives out!

USD/JPY Discussion

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

USD/JPY Discussion

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

USD/JPY Discussion

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..

USD/JPY Discussion

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 ...

USD/JPY Discussion

Yes but you have to pay for Doctorates ..and I'm not here to sell anything.

USD/JPY Discussion

I'm in a swing trade on another pair but I don't bother posting my trades so much now as I have nothing to gain from it. (Not wishing to sound rude but I'm sure you can see my point).

USD/JPY Discussion

The best place for the 5 min charts is in the bin mate..Unless you really know what your doing and use them in combination with longer timeframes...I believe PayTheLimit also made this point in here recently..

USD/JPY Discussion