Many brokers have a Sunday gap that wasn't closed in the last swing up to 115...this time its gunning to close that gap and when it does I'm shorting the cr*p out of it...Loading shorts above 115.07 targeting under 110.00

USD/JPY Discussion

...We may get there real soon or there may be more slop but the real test of 115.00 is inevitable..

USD/JPY Discussion

...Likewise and like you I also moved back into GBP USD longs earlier

USD/JPY Discussion

Always a danger to get too close to the market noise when trading off your longer timeframe..Useful for scaling in and out whilst holding positions from above though

USD/JPY Discussion

Yep, that is pretty much my strategy in line with the chart I posted yesterday with final destination for me in the 109.70's..Long way to go yet..

USD/JPY Discussion

I've got a target down at 109.75 and have been building a short position for a few weeks now..

USD/JPY Discussion

In general..I think the NFP hype is way overated nowadays. Sure, a few years ago I saw it trigger moves in seconds that made you wince in fact you had to have orders placed in advance of the release to have any chance of getting in - but now its ...

Trading the US Non-Farm Employment (Predictions)

You've made a great point there 'mades' and every trader at the early stages of their trading in Spot FX ought to be aware of this. Personally I abandoned 'single' or 'paired' candle stick analysis for trade entries a long time ago when I ran ...

USD/JPY Discussion

Ah good...Davit is here - I wont be the only one building a short position

USD/JPY Discussion

If the strategy you deploy 'gave' a signal to sell and you use a 10 pip stop then you did what you should have done. There is no need to feel 'bad' about it mate...Losses are an occupational hazard that all of use must face - business expenses

USD/JPY Discussion

Oh hell yeah. USD JPY is still flirting with a potential of a Bull Flag break up in the mid timeframes which could easily propel it past its highs..I'm short, scalping and position building but ain't complacent. The famous trader Peter Brandt ...

USD/JPY Discussion

Okay, quick scalp out of 50% of the trade for +27 at 112.93. Holding the rest and building into a swing short position.

USD/JPY Discussion

Fair enough but I see it differently - so long as any instrument doesn't 'flatline' there are opportunities to make money for buyers and sellers. "if they win retracement can go down to almost 111" ...Oh...It can go a lot lower than that

USD/JPY Discussion

What..You mean it will go up forever ?

USD/JPY Discussion

That's the entry I was looking for to scale back in - Short at 113.20...Bulls charging ahead

USD/JPY Discussion

Yeah I know what you mean. I had a sell limit order placed just above that wasn't met so didn't get the add in this time around.

USD/JPY Discussion

A nice short into the supply zone there Jenx

USD/JPY Discussion

You can do both if you choose - its merely a case of getting position sizing in check (easier said than done). I've scalped out 146 pips on UJ and EU mainly trading into a UJ swing short - and all UJ has done, is continue up - quite frankly I'm glad ...

USD/JPY Discussion

Nothing wrong with scalping out these trades...Plenty of times I've held for a swing and wish I'd taken a scalp when it reverses on me. So long as the '% return' is positive at month end / quarter end / year end (choose your timeline) - the end ...

USD/JPY Discussion

In fairness I hadn't meant for my comment to appear flippant. The short / medium term trend is clearly 'up' so for those trend traders amongst you who have rode it up - nice going. I trade a counter trend strategy with confirming PA to market ...

USD/JPY Discussion