USDJPY set up ideas and trades

Discussion in 'Forex' started by Pezza, Mar 10, 2022.

  1. expiated

    expiated

    My exit level for this position was approximately -85 pips below @ 142.61.
     
    Last edited: Sep 9, 2022
    #101     Sep 9, 2022
  2. SunTrader

    SunTrader

    So your stop loss, if you were wrong, was greater than 0.979 pips huh?
     
    #102     Sep 9, 2022
  3. Price reacted to the 50% of the larger FVG you marked out. Personally I wouldn't have been trying to buy this pair when it is at such premium pricing
     
    #103     Sep 9, 2022
  4. expiated

    expiated

    What are you talking about? It's my understanding that a pip with respect to USDJPY = 0.01. So, what is 0.979 pips? Obviously, you don't mean 0.00979. Are you asking me if I set my stop loss to 97.9 pips, meaning at 143.46 + 0.98 = 144.44? If so, the answer is no. Why would I do that? Generally speaking, once a rate turns against me by 35 pips, I consider it almost guaranteed that I was wrong in my analysis and that the situation is not going to somehow resolve itself in my favor, so I normally set my stop losses at 35 pips or less.
     
    Last edited: Sep 10, 2022
    #104     Sep 10, 2022
  5. SunTrader

    SunTrader

    TradeStation and many other brokers plot 3 digits to the right of decimal point but either way 2 or 3 yes I did mean have a stop at 144.44 .... since price went that far after you supposedly went short. What are you talking about now? Can't get from A to C without first passing B.
    !UJ.png
     
    #105     Sep 10, 2022
  6. expiated

    expiated

    USDJPYH1.png
     
    Last edited: Sep 10, 2022
    #106     Sep 10, 2022
    easymon1 likes this.
  7. SunTrader

    SunTrader

    I see. So you posted both your entry and exit after the fact.

    Convenient.
     
    #107     Sep 10, 2022
  8. expiated

    expiated

    No, I posted the exit at the time it was triggered. However, I did post the entry after the fact. As I recently commented in another thread, this is the only journal that is not my own where I am still typing comments. But, I am about to stop doing so, which is why I didn't indicate that I was neutral USDJPY in response to Pezza's Post #96.

    I find it interesting to compare notes with members such as Pezza. On the other hand, I find it tiresome to respond to the kind of posts you and others contribute. I have no problem calling my shots ahead of time when people leave me alone, as I used to do with padutrader a long time ago, except that he got ticked off when I would turn out to be right and told me to go start my own journal.

    There is really no reason for me to do this if it simply becomes a source of irritation, and thanks to you, it has now reached that threshold. So, this is the last I will be commenting in or looking at this thread. You can respond however you like. But, I personally have nothing else I will say.
     
    #108     Sep 10, 2022
  9. easymon1

    easymon1

    You ever use these?
    RSI Divergence Failure Swing
    https://www.dogpile.com/serp?q=RSI+Divergence+Failure+Swing
     
    Last edited: Sep 10, 2022
    #109     Sep 10, 2022
  10. SunTrader

    SunTrader

    Nothing else to say at least means no more after the fact "trade" posts. And no you did not post exit at the time it triggered.

    How could you have? When you posted this yesterday morning @ 8:07am ET and price had already touched that price 8 hours earlier @ 12:15am ET :confused:

    "My exit level for this position was approximately -85 pips below @ 142.61."

    But don't worry newbs will still "like" your posts. Run along.
     
    #110     Sep 10, 2022
    LuckyMac likes this.