Usdjpy Weekly

Your Best Long Term Trade Is To Short USD/JPY

These are the notes I have written on my long term USDJPY charts. USDJPY MONTHYLY

Your Best Long Term Trade Is To Short USD/JPY

That depends on your trading style really. There's not right or wrong answer for that question. I personally dont like the 5 minutes, I feel more comfortable with the Hourly and 4H charts.

5 minute charts

My views on USDJPY from a technical point of view. Below is a USDJPY 4H chart and the demo trade I took on friday.

Your Best Long Term Trade Is To Short USD/JPY

In my opinion, the biggest problem of trying to predict the market move is to create a strong market bias in my mind and thus potentially strentch your losses larger and larger as you are "sure" that that losing trade you're in is "bound" to turn ...

Predict market is easy

What a fantastic read Nafara. I had a similar experience on GBPUSD during the last huge rally up on June and July 07 when GBPUSD pushed up almost a 1000 pips throughout a one-month time span. I managed to get a fantastic entry based on the weekly ...

Trade & Trader Idea, Concept & Circumstances

Absolutely, which is exactly the reason as of why one of my SMA conditions is to have the SMAs hugging price as it retraces after every swing of the trend. If price is not hugging the SMAs, then I am looking at the trend in the wrong time frame. ...

Trend spotting

-3 pips on today's trade for me on NZDUSD. I manually exited the trade as the NFP was approaching (I dont trade through the news).

Trading the Kiwi

The problem I have with simply defining a trend as "higher highs and highs lows" is that, while ultimately true, it doesnt tell me anything about the trend in itself. Yes, sure, price is trending, but HOW exactly is it trending? what does the trend ...

Trend spotting

Thanks SMSJones for the detailed explanation

Trend spotting

I see, I think I understand. So, anything between 1.1:1 to 2:1 is a mild trend, and anything beyond 2:1 is a strong trend. One more question: what does "streght" mean or rather how do I interprete that figure? Thank you very much!

Trend spotting

I sometimes read over the forums about overly complicated systems based on super high tech indicators and quantum mathematical formulas (whatever that means hehe). I read their systems and it's like if I was reading Chinese, I truly don't understand ...

The Best System on forex-factory forum

Hello smsjones, What ratios signify a solid trend according to your indicator? for example, is a 0.5 ratio a strong downtrend?

Trend spotting

A while ago I read an article talking about correlations between the different currency pairs and it stated also the % of the time they were moving in sync. If I happen to remember correctly, EURUSD and USDCHF were like 90 to 95% in sync, EURUSD and ...

Sister FX pairs

I used to not believe in EA trading, or rather I used to not TRUST them. However, I have been in contact for a while with a top-notch programmer who's coding my system into an EA and results so far are promising. He says that there's still a long ...

Automated Trading

Well, I disagree that 80 pips per day are obtainable, or at least I am not good enough a trader to sustain those scores. I truly wish you good luck in your quest for that goal. Today I personally traded the kiwi too, the AUDNZD, for a +50 pips on ...

Trading the Kiwi

Hello Scott, nice to see your writtings. I absolutely agree with the above quote!

Placing Better Stops in Forex Trading

Cable sure is whippy today! Euro's being a naughty boy too.

Cable Update (GBPUSD)

But Tribble, you realize that no-one, not even the best trader in the world, can sustain 80 pips a day? it's just not realistic. Where did you get the idea that such outrageous scores are possible?

Trading the Kiwi