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USD/JPY First Quarter

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Captain
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Posted: #451
My limit is off on the trade it had no legs over 141....will watch until I get tired
 
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Posted: #452
AUD/USD broke the lows just looking for a spot to go back long to test the break area..
 
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Posted: #453
waiting for the hourly to close to and it will givew me time to look more into this situation. The move back up will produce 20 pips.. but if the hourly stops where it is then in goes down I will take a long . 45 min wait for me ..

 
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Posted: #454
ok just shorted USD/JPY  @ 102 .500 has about 12 pips to drop maybe more ... Just looking to get in and out. 1 hour looks like it might want to tap the 20 ema and then bounce up .. so running this to the 20 ema on the hourly . maybe more. . 
 
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Posted: #455
still watching AUD/USD for a bounce up also... both trades should work out ... AUD is sitting at a road block @89.388
 
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Posted: #456
ok out with 11 pips .. good runner down .. I know 11 does not sound like alot  but I am a scalper .. Mutiple lots for quick gains .. I will dye if this runs more then 20 pips .. 
 
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Posted: #457
shorted AUD @ 89 .501  looking for 8 to 10 pips .. might have to sweat this one out .. not the best entry..
 
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Posted: #458
closed AUD short  went long @ 89.577

 
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Posted: #459
AUD should break out on the 1 min chart 11 pip limit ..
 
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Posted: #460
ok starting to wiggle. .. on the 1 min .. ready to hit my limit. .

 
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Posted: #461
ok out with 6 pips .. short scalps  ..

+11
- 3.2 
+6 

+12.8  pips .. in about an hour ... should have just held USD/JPY ..

have stuff to do but the screens are on. active night for a Sunday .. good breakout moves .. might pull the trigger one more time tonight
 
Covers Linesmen
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Posted: #462
Too fast for me, I want bigger hits and less frequency.
 
Captain
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Posted: #463
Im riding this out still up 40..
Good stuff Knox
 
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Posted: #464
Quote Originally Posted by wallstreetcappers:

Too fast for me, I want bigger hits and less frequency.

lol  I hear you .. I have a fear of having a win and it turning into a loss. For some reason I never got over that fear .. Also things change so quick that if I see a pair hung up at a level, I can reverse course and go the other way on  trade . I was in a losing position on the short of the AUD, and realized it quick, i knew I had to change directions fast . I would be in the hole for about 16 pips and rising .. I saw support hold on the 5 min and the 1 min and the pair had nowhere to go but up on the 1 hour , and 1 min .. This is something I do have in mind when I pull the trigger , and know to react quick to certain things that might happen or might not happen.. 
 
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Posted: #465
Quote Originally Posted by bucknuts:

Im riding this out still up 40..
Good stuff Knox

turned out to be a bigger runner than I though.. It might look like I trade crosses , but I do take a trade because of a cross. I took that trade becasue it broke 102.450 and was now wedged in between all 3 emas on the 15 min.. If it popped back up it will have a tough time breaking 102.534 and 102.560   

I see hard support @ 102.35 but if you can sweat it out there it can goto 102.037  .. good run .. 
 
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Posted: #466
 I mean it can run to that pinbar on that on the 15 min from 2/20 @ 10am   101.981   
 
All-Star
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Posted: #467
Just hit limit on a short of USD/JPY
I already have a great feeling about this week.

 
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Posted: #468
Quote Originally Posted by bucknuts:

I know you're keeping all your data from these trades have you done things such as figure up the # of trades you missed due to stops by x amount of pips or trades you closed early and took less when more pips could've been gained using those #s mentioned above?
Watching this process will help all of us..I love it!!


On the next go round I will definitely keep track of that.  Just anecdotally I can tell you the biggest two down sides to this method are leaving pips on the table, and getting stopped out before a big reversal. 

For my trading style (as a gambler at heart) I have to say that this style is good because it forces you to take profits, (even if they aren't that high).  The accumulation method (which I am thinking about calling it)  is a grind, completely utilitarian and bland. 

Rules rules rules.
 
Captain
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Posted: #469
Thats what i figured would be setbacks Rick..i gotta wonder too how many pips these pairs move on one of your confirms..is this something that would pay off using longer period charts or maybe even just watching certain pairs that are better movers..is there enough movement on a regular basis to move the risk/reward to higher levels?I have a tons of questions love watching this play out..can you take screenshots?


Been up 60 on my trade..now looks to be setting up for a cross lower on the 8hr and 4hr charts..gonna let this thing ride for a few more hrs i gotta stay up all night anyway hopefully it pays off...
 
Captain
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Posted: #470
Knox im shrt EU/JPY..

 
Captain
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Posted: #471
Sorry Kniox i thought you were giving me advice for USD/JPY...trying to watch walking dead,forex and the forum
FAIL
 
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Posted: #472
Quote Originally Posted by bucknuts:

Knox im shrt EU/JPY..

 
.. 
 oh ok .. I hope on the daily you can tap the 8 ema @ 104.185 that would be homerun.. 
watch the 1 min .. you have clear sailing to the up side for about 15 pips .. maybe more .. 
 
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Posted: #473
If this cross comes on the 8hr and 4hr im thinking anywhere from 139.80 to 139.20s..London will tell the tale here shortly
 
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Posted: #474
I am don til after EUR CPI coming out in 4 hrs. 
I will look at the charts again around 8am est.
 
 
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Posted: #475
Bought GBP/JPY
@ 170.48
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