Ah Yes, movement down...thanks for the clarification. Otherwise you be caught with the recent move up on S1 if u entered ur trade there. I'm not here to refute, just to ensure we never be to absolute/conclusive about things of nature... image

USD/JPY Discussion

In this case I would assume in your case the 20min Timeframe. Don't want someone on 3-5mins getting whipped saw at the Pivot Just my input..

USD/JPY Discussion

A good friend sent me this.. thot I share it — Subject: Best Corn There was a farmer who grew superior quality and award-winning corn. Each year he entered his corn in the state fair where it won honor and prizes. One year a newspaper reporter ...

USD/JPY Discussion

Ok, just took some profit at 116.07. Gotta run! Later guys.. good luck, and good trading... make some pips!

USD/JPY Discussion

Ok Tea later... let's go!

USD/JPY Discussion

Ok, think I go have some tea .... Its okay I'll miss out on the action, at least when I come back... I get to "reset" my view...

USD/JPY Discussion

Tell me you love Fibonacci. Tempts you into the setup doesn't it.... It's saying Bite me, Bite me.. take the bait.. image

USD/JPY Discussion

116.40 area, Monthly S1 (Some long term buyers?) Also happens to be 72% fib for the 15Min (ref the chart I just posted), so... let's see what gives..

USD/JPY Discussion

One thing for sure is not to risk the pips that are safely in your pocket already. Equity markets are taking a BASHING... and it will affect FX one way or another...

USD/JPY Discussion

Once again technicals in play. Thot I did this while the market is still deciding what it wants to do There is an overlap of Fibo numbers. The 1.618 ext on the smaller move directly overlaps the 1.382 of the bigger move at 116.91 area ...

USD/JPY Discussion

Oh oh... I thot I was the only nut head who took profit at 52! LOL

USD/JPY Discussion

This is really a booming thread, although I'm more active at the UJ thread. From Singapore -> It's Summer all year round here!

Auslanco - GBP/JPY and GBP/USD (newstrade)

Pips nicely sitting in my pocket Can call it a night soon... there'll always be another day for more!

USD/JPY Discussion

It's definitely not for the faint hearted, and you are normally looking at small pips pickup, because you can never be absolutely perfect. So if you know ur range is about 10-15 pips, then you should be targeting 5-7 pips as profit, coz the movement ...

USD/JPY Discussion

Yup, I'm picking up the as what u put it.. nice Cherries.. or what we can also call low hanging fruit.. haha *Smiling*

USD/JPY Discussion

If u feel u've got the nerves of steel. Switch to 1 - 3min charts... trade the bollinger... BE WARNED... its just suggestive.. cause you won't be able to catch the "breakouts"

USD/JPY Discussion

Seems like that last move took everybody by storm... *sudden silence* For those without a position already... take it easy.. don't rush otherwise .. my 2 cents ... adrenaline pumping always clouds your brains ..

USD/JPY Discussion

MAs are already known to be laggy... it's just one of the indicators for trending. Then you start taking the same MAs and move it up the different timeframes, its gives you better general view, of which side of the trades you want to WAIT for. My 2 ...

USD/JPY Discussion

Err.. put a Faster MA (say 4) and Slower MA (say 8).. wait for lines to cross... on the 5min Chart (for short term) This is a very very rough idea, and while I'm typing this, you'd see why Dove said that the move up was a retracement. And if you put ...

USD/JPY Discussion

Hope I get this up in time. Just some temporary/short term profit taking for the shorts... There maybe more down move.. image

USD/JPY Discussion