USD/JPY First Quarter

Im still in EU/JPY
With the data that came out the fact they havent really been able to rally this pair makes me just want to wait it out..ive been up 40 or so again since i woke up,so until i see some kind of direction im gonna let it ride

So the market is up 200 and at all time highs, why I am not sure but they want it higher for reasons I do not understand..

Nice catch Rick she shot up as soon as you jumped in..what's ur target?
Wall its their drum we just got to find the beat..

Buck, got stopped on that long leg down before the breakout. 

Pretty crappy, and I am really re-thinking 15:30 Risk reward. 

I need to widen it.  Setting tight stops has been the number one thing that has been holding this back. 

I will have to go back test what the outcome would be if I had been taking nothing lower than 25-50 Risk reward, 
then 50-100. 

That is why I like keeping records like this. 

Probably won't get to do it til this weekend though. 

when this night jumps off .. it will jump off.. there are alot of breakouts setting up .. and once they breakout there is no stopping them ..

already pulled the trigger on AUD/USD long ..@ 90.382 .. this baby should pop....if not i have a stop just under 90.250

AUD coming back to life ... come on push thru !!!!  we are headed higher my friends ... big run coming !!!!!  

I wanted to comment I didnt like the the looks of that one but I use the 4hr,8hr and daily charts..looking at longer period charts I would short any run over 90.40..this pair hasn't had a large daily moving avg and had already climbed from 89.60

stopped out @ - 19 pips .. still think this pair can go up.. 90 pip run today .. but I was looking to challenge 90.75 .. the pair went dead . amazing how it went so cold... also was looking at the hourly and thought we can tap the 8 ema and make a quick run up ..It did tap the 8 ema made a very small run then came right back down .. These things happen .. Thats trading .. Now that I look on the 4 hr it was very over extended.. getting ready to watch some tv and make sure the market is really this slow or my platform is frozen... lol .. 

went long again AUD 90.203  .. try to gain my loss back .. might be held up buy some support .. not looking for much just 11 pips ..

if it was a solid short i feel I would see it .. but i do not see this pair tanking just yet ...

I wouldnt want to short it either but looking at longer periods it looked tired to me again though yall are a different breed..I cant trade off short time frame charts..
I did watch a video today though from forexartofwar.com
guy uses fibs on half hr charts..just not my style

I like longer time frames. But I am a New Yorker and we are always in a rush , and 5 mins New York time is like 5 hours anywhere else. I wanted to be a scalper and just learned that way ..I saw something when I first started learning and it said to trade how you fell it fits you best .. I like to move quick , I like things to be fast , and i am always in a rush , so scalping might suit me because of that. I traded stocks and it took forever to see the price move , days andu days .. i made a bunch when Smart Balance got bought by Udies and said ok I am done ..Found forex and never looked back.  Plus I dont day trade , i only trade Asian session.. And there are not to many trades that you can take before missing the one big move of the night...

Well you ain't missing anything tonight been pretty dead

Long USD/JPY @ 102.30
Limit set at 102.84

Stop set at 102.05

I think this 102.20 level will hold. 

Crap,  Consumer Confidence out in an hour. 

I am going to hold for  a while and see where it goes, then probably liquidate the position before the # comes out.

Out -5.

Fuk

I keep making the same mistake with these risk events because I look at the charts before I check the calendar. 

* New rule.

Looks like longs are getting out prior to the News.  If it is good news it could possibly slingshot from the 102.20 support to retest 102.80ish. 

that 102.20 area is key.

wowzers -6

CNBC should start covering the weather more often since it is the #1 market indicator these days. 

Next stop 101.60

They are already bouncing it..so yeah the knife came but the US/Yen already bounced 20 plus pips in no time.

And back green...all is good in the market.

crazy markets.

Back in USD/JPY @ 102.20

Limit at recent high of 102.80

Stop at 101.90.

(widening my limit and stop a bit)