Yen Ready To Rally!

Discussion in 'Forex Trading' started by FXsKaLpEr, Sep 25, 2005.

  1. My USD/JPY indicators show yen is ready to rally.

    Current = 112.49 (average).

    The rate may fall 100-pips or more.

    Good luck yen longs!

    skz
    note: I just opened another (larger) short on USD/JPY at 112.44.
     
  2. Indicators were obviously not quite correct, eh? Yen currently at 113.28.
     
  3. I am doing this

    Tuesday, September 27, 2005 113.3781 111.9748
    Tuesday, September 27, 2005 113.4061 112.0029
    Tuesday, September 27, 2005 113.4345 112.0312
    Tuesday, September 27, 2005 113.4631 112.0598
    Tuesday, September 27, 2005 113.4919 112.0887
    Tuesday, September 27, 2005 113.5211 112.1179
    Tuesday, September 27, 2005 113.5505 112.1473
    Wednesday, September 28, 2005 113.5802 112.1769
    Wednesday, September 28, 2005 113.6101 112.2069
    Wednesday, September 28, 2005 113.6403 112.2371
    Wednesday, September 28, 2005 113.6708 112.2676
    Wednesday, September 28, 2005 113.7016 112.2983
    Wednesday, September 28, 2005 113.7326 112.3293
    Wednesday, September 28, 2005 113.7639 112.3606
    Wednesday, September 28, 2005 113.7954 112.3922
    Wednesday, September 28, 2005 113.8272 112.4240
    Wednesday, September 28, 2005 113.8593 112.4561
    Thursday, September 29, 2005 113.8917 112.4884
    Thursday, September 29, 2005 113.9243 112.5211
    Thursday, September 29, 2005 113.9572 112.5540
    Thursday, September 29, 2005 113.9904 112.5871
    Thursday, September 29, 2005 114.0238 112.6206
    Thursday, September 29, 2005 114.0575 112.6543
    Thursday, September 29, 2005 114.0915 112.6882
    Thursday, September 29, 2005 114.1257 112.7225
    Thursday, September 29, 2005 114.1602 112.7570
    Friday, September 30, 2005 114.1950 112.7917
    Friday, September 30, 2005 114.2300 112.8268
    Friday, September 30, 2005 114.2653 112.8621
    Friday, September 30, 2005 114.3009 112.8977
    Friday, September 30, 2005 114.3367 112.9335
    Friday, September 30, 2005 114.3729 112.9696
    Friday, September 30, 2005 114.4092 113.0060
    Friday, September 30, 2005 114.4459 113.0427
    Friday, September 30, 2005 114.4828 113.0796
    Friday, September 30, 2005 114.5200 113.1168
     
  4. Doing this
    Pair GBPUSD
    Time Fram Tue 09/27/05 07:30 AM Fri 09/30/05 10:35 PM 87 Hours
    Trend South
    Enter 1.7797 1.7882 1.7966 1.8051
    PT 1.7302 1.7246 1.7189 1.7133
    S/L 1.8136 1.8559 1.8982 1.9406
    Trail (Deci) (0.0077) (0.0077) (0.0076) (0.0076)
     
  5. kalzayani, can u please explain that

    thanks
     
  6. Pair GBPUSD
    Time Fram Tue 09/27/05 07:45 AM Thu 09/29/05 03:17 AM 43 Hours
    Trend South
    Enter 1.7789 1.7808 1.7828 1.7848
    PT 1.7541 1.7528 1.7515 1.7502
    S/L 1.7868 1.7967 1.8066 1.8165
    Trail (Deci) (0.0036) (0.0036) (0.0036) (0.0036)
     
  7. Sure/
    if U are talking about the usd/jpy post

    This is channel that in MHO...think will be riding inside
    with time take the wave...
    other posts for gbp/usd
    is just a summary of same with time fram in hours (date)...
    so USD/JPY...some more north
    cable is south
     
  8. Yo, Ivan, nothing wrong with my indicators.

    current is 113.40s.

    there's two kinds of trades...

    one in which my indicators produce a signal and the trade immediately goes my direction after I pull the trigger.

    the other one is when I pull the trigger and the market continues making mistakes.

    as is the case with USD/JPY.

    nah, I'm committed to shorting USD/JPY - I can't do anything about the market traveling in the wrong direction - what I can do is take advantage of the situation as I'm doing currently with the yen.

    I currently have over 10 positions short into USD/JPY - average price 112.06. The market wants to give me a fight... so be it.

    I don't run from fights. :) I'll cover the trade in the 109s.

    theskalper
     
  9. So let me get this straight. There are two things that can happen - it can either go in the direction you want, or against, right? It can either go up or down, am I following this correctly?

    The market, millions of people as it is, continues to make mistakes because it does not follow the direction your "indicators" (which - lest we forget - are the same indicators that caused you to hold EUR shorts around 1.20 when the market was at 1.36) tell it to.

    Have I gotten all this correctly?

    The market is not trying to fight you. It could give a damn what you do. And saying "I don't run from fights" is just saying "I'll hold my positions open because eventually it'll come back down through 112". And that is about as profound a statement as the first paragraph of my post.

    Ivan
     
  10. Chood

    Chood

    Some comic relief is in order, I gather. Kinda like "The Gong Show," for those of you old enough to remember Chuck Barris.
     
    #10     Sep 27, 2005