How do you know when to exit your trades? Or where to set your profit target? For me it's doing my head in, I am getting great entries but I regularly fail to exit till after the reversal and exit at break even. A trailing stop loss has been tested ...

USD/JPY Discussion

Lots of high impact news this week for US and JPY. What's everyone's approach this week? I find leading up to these news events that it ranges or whipsaws around. That's the kind of market where my strategy fails. Still haven't determined how best ...

USD/JPY Discussion

Are you holding through this sideways movement or exiting? I exited a couple of hours ago but not sure if that was best right now

USD/JPY Discussion

Trading psychology right now is kicking my ass, its a terrible feeling to end the week with a loss (paper money thank god) BUT had I just followed my setups, held and not exited early I would be profitable. And thats been occurring for the past ...

USD/JPY Discussion

+1 on this, I love hearing peoples explanations about their charts and/or their current market interpretation along with the charts being posted. There's quite a nice supportive community going here, maybe if we had a routine once a week where ...

USD/JPY Discussion

Nope lol, but for me it was just luck really that I didn't enter. All my criteria for taking a setup was there, except 1, so I didn't enter for both my 2 setups (first short then long) below. If price had crossed the trigger line (pink and green ...

USD/JPY Discussion

Thanks for explaining, that is a great way to capture UJ's big swings with little risk.

USD/JPY Discussion

That's a cool way to reduce risk, kindof like a probing trade at first? What do you look for as confirmation to stack? I read best loser wins and that's what the author was talking about, stack/addon to your winners.

USD/JPY Discussion

I missed it , my setup occurred prior to this session but I still could've entered where I need to at the start of todays session. I was looking at that ATR and thought its just way too low right now for any moves.

USD/JPY Discussion

Thanks, I love hearing other technical analysis especially the "why". Help's me learn alot. Question for everyone, I see so many doing their analysis on the H1 chart. Everyone posts their chart images and its usually a H1. I think I need to start ...

USD/JPY Discussion

What is everyone's approach the JPY bank holidays like today? Do you typically trade it? Also interested to know how long you intend to hold the trades; eg, no longer than one Asian/NY/LND session or longer. I imagine for longer holders you're happy ...

USD/JPY Discussion

I love to hear how others decide on their profit targets, etc. Would you feel comfortable explaining more? From what you said is this correct...lets say you're on the H1 using the SMA 15 & 21 (SMA1521) and are in a long trade, I'm assuming price is ...

USD/JPY Discussion

Thanks, when do you typically move your stoploss to break even? Do you have some rules for when you do so? Do you use a trailing stop loss?

USD/JPY Discussion

@ThaoAnh, what's your exit plan for your longs? How will you decide to sell your long trades? Or do you use a fixed profit target?

USD/JPY Discussion

Bloody hell lol, I've seen this often before and fallen into the trap (the dump and pump prior to high impact news). Only got myself to blame, thank god I moved to BE. Was of 2 minds; do I take me setup when it printed or hold off. Maybe without ...

USD/JPY Discussion

Short at 152.5 and 152.38, SL at 115 MT5 points aiming for a "quick" scalp. Feeling relieved as its moved >115 points in favour so SL's are at BE now.

USD/JPY Discussion

Nice , I got out towards the end of the Asian session around 152.36

USD/JPY Discussion

Short term (< 4 hours) looking like up trend continuing based purely off technicals. Not looking for any entries unless there is a deeper or longer pullback to turn some M15 MA's down then an upswing to turn that MA back to up.

USD/JPY Discussion

Me too I went long at the exact same price aswell. Do you mind if I ask where abouts you put your stoploss? Mine was 115 points below (so pretty much 151.955-ish). But since its now moved > 115 points in favor my SL is at BE.

USD/JPY Discussion