why don't you study this chart and tell me what's going to happen??? which red line will break first? because even i don't know (although i have my suspicions).

USD/JPY Discussion

yes... there is none, imho trade what you see, not what you know remember that markets can stay irrational longer than you can stay solvent.

USD/JPY Discussion

correct. i avoid it as much as i can because all it does is confuse you! knee-jerk reaction... then knee-jerk reaction in the opposite direction... tells me that most traders have NO CLUE how to interpret news announcements and that distorts the ...

USD/JPY Discussion

scratch my previous post. shorts win... again. dammit, i hate trying to make up for previous/lost trades by forcing a newer/different one! do any of you do that? it is THE WORST! i guess i am too tired and impatient to be trading right now, because ...

USD/JPY Discussion

that's the big question and i wish i had an answer for ya. i am wondering the same thing. the MPS last night f*ed up my trading, as i didn't even know there was an announcement lol... i was long the market, but completely not expecting such a big ...

USD/JPY Discussion

i'm long too! and i think now might actually be your last chance to do it at a good price this week (if you're not in already). i think it's possible it could break 105 this week, and if not, then probably next . so i'll be focusing all of my ...

USD/JPY Discussion

I'm still up... oh my... doing work (for like, a real company, not trading related). Looks like a bit more of a pullback than I expected, but all the same. I think eliteincome's target of 105.00 is a bit extreme for TONIGHT, but I'm pretty ...

USD/JPY Discussion

this will be me last post for tonight. my gosh... i live some crazy hours. and to think i still have work to do! 104.60 did break, but only by about 1-2 pips which i think is pretty good... because that is not a selloff AT ALL. that tells me that ...

USD/JPY Discussion

Yes, absolutely, there is demand. Look at how 104.60 is holding. And if you don't know what I mean, try studying your chart(s) for a good 15 minutes straight without changing the window... and see what happens. Even if 104.60 breaks and the price ...

USD/JPY Discussion

very well said i have worked at a prop firm as a daytrader so i can attest to this first-hand. whether or not you can see the order flow, it is still important to understand how it works. Ok, that's it for me. I've got some work to do, ...

USD/JPY Discussion

Yes, but the trend is not over yet, and you are putting a little TOO much faith in a single support or resistance line. The market is dynamic and you need to develop a certain feel for how it moves and how it interacts with certain levels. In this ...

USD/JPY Discussion

I think you mean the more likely it is, not less. You seem to have it backwards. The longer we consolidate, the more ammo the BULLS have. Since the overall trend is bullish, a consolidation actually gives an edge to the bulls not the bears.

USD/JPY Discussion

Sorry, no offense, but the three points you've made mean nothing. I am confident it is a long, and 105 is going to break soon... and if not, this week. 104.60 seems to be holding, and there seems to be an "auto-buy" program there (ie: support). All ...

USD/JPY Discussion

what does agro mean? aggressive? yes, that i am! read my profile haha

USD/JPY Discussion

would ya look at that?!? there must be a buy program at or around 104.60. imho.

USD/JPY Discussion

what's the difference in the charts? both Daily's, and they look the same to me. i agree with you though -- partially. watching the PA now it looks like it may be time for the shorts. either that or we may stay range-bound for a while. let's first ...

USD/JPY Discussion

yeah, me too. probably a good idea. EDIT: maybe not. i also feel like we could bust through 105 pretty soon. i guess i'll play it by ear and see what the market tells me

USD/JPY Discussion

ugh... i missed my entry. i wanted to get in earlier, closer to 104.20, but i was at work for a change. lol. don't know what to do now but thinking about going long still at 104.62, perhaps for a quick scalp or better.

USD/JPY Discussion

Yeah, Friday was a strange day, especially for G/U... which I was watching. I actually had 0.01 lots on (the smallest possible) just so I could watch it, and ended up making 120 pips in like 6 hours. LOL. Anyways, regardless of Friday's action, it ...

USD/JPY Discussion

Forexsaint, Thanks again for all of your hard work here... I don't know how you stay on top of it all! A real quick question before I begin. Do I need to create a NEW live account, or can I use my current account (which is relatively small) with the ...

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