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Usdjpy replied May 18, 2010BOJ Intervention ? — There are rumours that BOJ will intervene below 92.xx / 91.xx levels. Let's wait and see.
Many years ago the BOJ intervened at anything below 100, the market still went as low as 80.xx before going up ...USD/JPY Discussion
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Usdjpy replied May 18, 2010Here it comes ! — Here it comes. It will test the 90.xx level, possibly even 88.xx levels. Long term traders get ready to buy and hold to see 95.xx/100.xx (with 87.xx intact)
USD/JPY Discussion
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Usdjpy replied May 18, 2010Read the candle bodies — Nope. Not 50% of high/low. Use 50% of candle bodies. Read the candle bodies, not high/low.
USD/JPY Discussion
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Usdjpy replied May 18, 2010Watch the daily candle - Confirmation — Yesterday hit a closing candle @ 91.85. It's a confirmation of a short term downtrend target @ 90.xx.
USD/JPY Discussion
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Usdjpy replied May 18, 2010Longer Term Trading — I'm still waiting for this to happen.
We shall see. I'm betting heavily at this level.USD/JPY Discussion
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Usdjpy replied May 18, 2010I still have no idea how USDCAD moves. Can't apply the candlesticks approach.
USD/CAD
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Usdjpy replied May 18, 2010Went short @ 92.95 TP @ 92.70. Some nice pips.
I love this pair!USD/JPY Discussion
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Usdjpy replied May 18, 2010Check the pictures, have some thoughts and you'll get it.

USD/JPY Discussion
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Usdjpy replied May 18, 2010Good call! Nice strategy, yeri. I suspect its gonna test the lows again so long as it stay below 93.60.
USD/JPY Discussion
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Usdjpy replied May 18, 2010Watch the daily candle — My core strategy is: Watch the daily candle. Please read my previous posts. I draw my own Trendlines and SR levels and I don't use any other indicators.
As for the median price (short term) trading system, you ...USD/JPY Discussion
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Usdjpy replied May 18, 2010I thought u had tested it already? Here's it again: TP @ 20 to 30 pips.
USD/JPY Discussion
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Usdjpy replied May 18, 2010Welcome to the world of Forex, Archer. My advice for you is to go live soon but trade small. There's a huge difference between demo and live, mentally wise. You are welcome to test on my system posted above.

USD/JPY Discussion
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Usdjpy replied May 18, 2010Are you having success in trading hourly charts? Please feel free to share your strategy and mkt sentiment.
Are you trading live ?USD/JPY Discussion
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Usdjpy replied May 18, 2010Nope. I don't use martingale.
Yes, I trade almost entirely USDJPY.USD/JPY Discussion
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Usdjpy replied May 18, 2010A closing day candle below 92.10 or above 93.40 will be indicative of where this pair is going.

USD/JPY Discussion
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Usdjpy replied May 18, 2010Why I like the pair USDJPY ? — It likes to whipsaw. Find a median price and enter long or short, both can make money (TP @ 20 to 30 pips) either way. I almost have no luck with other pairs.
USD/JPY Discussion
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Usdjpy replied May 18, 2010Watch the daily candle — It just refuses to form anything meaningful.
USD/JPY Discussion
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Usdjpy replied May 18, 2010To be completely honest, there were months that I lost almost half of my big account. FX is a high risk investment. Yes, I survived 5 years! It's hardwork, luck plus miracle! Good luck to you too!
USD/JPY Discussion
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Usdjpy replied May 17, 2010My Story in Brief — I started trading 05 years ago with USD$10,000.00. Burnt 30% of it within the first year before making consistant profits thereafter.
USD/JPY Discussion