EURUSD Also the reason why I usually enter my trades because of times like this. The price hit my sell limit yet the position wasn't trigger and I'm assuming its the spreads that did it. If I don't take a position a little advanced I miss many opportunities, if I do I get stopped.....
I never like trading spot forex due to multiple problems. but it is the good starting point for newbies. you should consider trading currencies futures (jpy, euro ....) from the CME exchange.
USDJPY has to crash ... is crazy talk. Not that it can't crash. That it has to. Traders trade price, not opinions. + + + Also USDJPY has been moving sideways almost all of Sept. I fail to see a clear direction yet, although it was in a strong uptrend coming into this period and more times than not that is the direction it continues. Doesn't have to, just more likely.
I didn't mean it to completely crash like how it meant in the vocabulary, I just meant bearish. That it 'has' to go downtrend (no specific timeline), its like when you throw the ball in the air, you're expecting it to go down eventually even if you don't know when exactly. You can't execute a trade without having a 'bias' influenced by a personal conclusion/opinion, at the end of the day I believe every action we make has a purpose behind it. Not unless if your opinion is usually the opposite of the truth then I would understand if that opinion is invalid.
Yes crash is all relative to the move, has to is not. It is definitive. Price moves are only definitive after they happen. Never almost, should, has to, will or other iron-clad proclamations. To say it has to because nothing stays up forever is obvious. But what is also obvious is you didn't mean eventually.
Exactly, the obvious is more like common sense. So whenever I concluded that it has to go to a certain direction, its because of the obvious which I believe the kind of skill good investors have not that I'm saying I am good, but rather pointing out the obvious. So whenever I think that it has to go to a certain direction but didn't, then I go on out there to find some fundamental turn of events that could've possibly influenced the situation. I understand your point, but my style is I mix fundamental and technical anaylsis, that's why opinions matter.
Yen-tervention as someone put in on Bloomberg last night doesn't look to be working any longer:- Price not opinion still works.
That's why we use risk management. But overall I'm still very bearish with USD against JPY, let's see what's gonna happen after the conflict with Russia is settled. Time will tell.