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USD/JPY First Quarter

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Posted: #226
entry order @ 163.340
 
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Posted: #227
ok filled ,, @106.326  stop 20 pips .. limit 20 pips ..
 
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Posted: #228
Adjusted order to 166.56
 
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Posted: #229
Forgive me I havent read through this thread, are you guys just scalping off short term charts here?
 
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Posted: #230
Quote Originally Posted by bucknuts:

Forgive me I havent read through this thread, are you guys just scalping off short term charts here?

 
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Posted: #231
sorry I actually was trading GBP/USD out +3 pips .. not moving much


Yes Bucknuts , scalping like a mofo ... 
 
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Posted: #232
Good to see you and Rick still at it..
Are you just looking to scalp off this rally here..what is the setup/goal for this trade??
 
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Posted: #233
Pretty much Buck. 

I am in USD/CHF (long) @90.00

Limit 90.40
Stop 89.80
 
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Posted: #234
Quote Originally Posted by bucknuts:

Good to see you and Rick still at it..
Are you just looking to scalp off this rally here..what is the setup/goal for this trade??


On the USD/JPY It has already gone past the Average true range for the day, and I captured about 60% of it on a previous trade.

I want to see some sideways movement before I look at another trend.  Clear uptrend here, but there is a lot of resistance at 102. 

I am looking for a breach of 102 and a consolidation that lands above 102, or a rejection before I have another trade.
 
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Posted: #235
I can see that pair moving either direction,id favor a short from longer period charts..id have to look over a good chart though,i am on my cell...
GL fellas
 
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Posted: #236
Wall you in LB/Jpy now?
What's your target?
 
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Posted: #237
Quote Originally Posted by bucknuts:

Wall you in LB/Jpy now?
What's your target?

Yes I am in and I knew that if they didnt bring the market back mid-day I would be stuck and that happened.

So I bet on a USM reversal and it didnt happen. 

As you know I am not a big hit and run kind of guy so I might be averaging up...since the Asia market will probably mirror the USM and make these risk pairs go higher..

I went in because I think the risk is not yet gone for the markets, thus the pair should go lower..I will likely be sweating it out if risk-on continues tomorrow..

haha
 
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Posted: #238
I like the setup..the long term charts are nice for a short IMO
I could see the low 160s and this pair moves pretty quickly..I think this will be a winner w/o a horribly long wait
GL sir..
 
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Posted: #239
Out with 6 pips,
8 crossed the 20.
 
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Posted: #240
Short USD/JPY
@ 102.07

Stop @ 102.23

Limit at 102.75
 
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Posted: #241
I think you left some on the table with that one Rick..I like that setup also..what chart 1hr/2hr/4hr are yall watching?and is the 20 an sma ema?Was your chart setup covered in this thread or another..just wondering what you guys are watching to scalp..sorry for all the questions
 
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Posted: #242
I am using multiple timeframes,  15 min for short trades, hour and 4 hour for long  trades.  I am using 8,20,50,100 EMA  Watching on the 20 breach, and triggering on the 50 Verification.

I hate the USD/CHF cross because it moves soooooo slowly.
I just wanted to be out of the trade. I have seen so many trades on that pair in the past few weeks they hardly ever pan out. 


 
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Posted: #243
This 101.91 level is showing pretty solid support. 


 
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Posted: #244
Quote Originally Posted by bucknuts:

I like the setup..the long term charts are nice for a short IMO
I could see the low 160s and this pair moves pretty quickly..I think this will be a winner w/o a horribly long wait
GL sir..

So far it reversed nicely and I am in the green, but lets see how the markets work tonight and thus risk assets.

I pulled my limit buy order earlier, I am willing to see how it goes.
 
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Posted: #245
Stopped out for -15 pips,

Still up 73 pips on the week.

after 7 trades
 
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Posted: #246
If I was monitoring a little closer I could have saved about 8 pips by manually closing at the cross. 


 
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Posted: #247
pre # usd/jpy is looking like it is primed to fall if we get a bad number. 


 
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Posted: #248
FED's Fisher is already walking back bad numbers before the release.

If I was more of a gamblin man, I would say this is going to be Negative. 
 
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Posted: #249
Negative for sure. 

now play the waiting game to see what the equities will do. 

anyone taking a position here?


 
 
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Posted: #250
The moves have been crazy..

My pair went down 100 and back up 100 in the matter of 20 min, but it did not get to my limit order so I am just sucking it up for a while..

The markets do not really take data like it used to, this number is bad but they arent playing it that way..looking forward and only at the FED.


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