Yes but you can still see the price. My Forex platform started kicking at 3 PM New York time.

USD/JPY Discussion

You forgot just one thing Custos, lower time frame = more trades. Would you like to earn 20 pips a day with a system that generates 1 trade a day on the 1h time frame or make 10 trades a day with an average profit of 4 pips per trade (40 pips/day) ...

Where is the EDGE in trading? The most important thing in trading!

My system's edge comes from a simple but powerful emotional fact : When they are losing money, traders panic and start making huge and costly mistakes. The trick is to find the price where their panic, anger and frustration reach an extreme level. ...

Where is the EDGE in trading? The most important thing in trading!

Yen is going down for now, +50 pips for me so far. The next stop is 77.00...

USD/JPY Discussion

You really do not get it at all I am afraid. A profitable and backtested trading system does NOT care at all about these "random" spikes. Why? I will tell why, because it has ALREADY been tested with all the previous and numerous historical ...

Where is the EDGE in trading? The most important thing in trading!

Absolutely not! Markets are not random, they trend. For example if the price of a currency pair moves 100 pips higher, its probability of moving ANOTHER 100 pips in the same direction is more than 50%. If you don't believe me backtest this system ...

Where is the EDGE in trading? The most important thing in trading!

No it won't.

Why exactly do EMA crossover systems not work?

No that's not that candle. Really good exit point by the way

Why exactly do EMA crossover systems not work?

For the last time the market is NOT random, regardless of the time frame you are using. If your price action system is robust, it will make money on any time frame. Look at a 1 min chart and a monthly chart and I challenge you to find which is ...

Where is the EDGE in trading? The most important thing in trading!

Oh I see, no problem then Astroman. All I am saying is that if those hot shots in Tokyo make another move on Sunday or Monday, I will follow along and ride the UP trend again, assuming of course I have a buy signal from my system. Otherwise I will ...

USD/JPY Discussion

Beg your pardon? Did I ever say that, where???

USD/JPY Discussion

I was talking to the original poster, sorry for the mix up. Personally I ONLY trade price action, it works because price action is what the market is doing right now, at this moment , here and now.

Where is the EDGE in trading? The most important thing in trading!

Price, I can assure you that if you try to outsmart your Forex broker with latent feed he will quickly close your account without warning. Forex brokers have plenty of software that detect that kind of trading activity, and if you think you can ...

Where is the EDGE in trading? The most important thing in trading!

Nonsense. There are trends even on the 1 min chart, if you know where to look for. The whole system is fractal by its own nature, what is true on the 1 min charts is also true on the monthly charts, system wise.

Where is the EDGE in trading? The most important thing in trading!

Traders have an edge because freely traded markets (like the Forex) are NOT random, the price has a tendency to keep doing what it was doing before. Period.

Where is the EDGE in trading? The most important thing in trading!

Not at all, one huge hourly bar will immediately tell us the whole story, if we know how to confirm the trend...

USD/JPY Discussion

Good point, but I am a day trader and if I can extract 100 pips from the YEN (about $12,700 profit with 10 standard lots) on Sunday and/or Monday I would happy, assuming another BOJ intervention is on its way. And 12 grand that's a lot of Sushi and ...

USD/JPY Discussion

Bank of Japan intervention.

USD/JPY Discussion

Yes, but after that violent 300 pip move this pattern is even more meaningful. So let's wait and see what Sunday and the following days bring us.

USD/JPY Discussion

After 16 consecutive hours, the 78.45 support level is still holding up. When the Yen is that quiet and keeps hugging a certain price it usually means something big is brewing...

USD/JPY Discussion