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benaiah replied Nov 19, 2014Not sure what kind of response you are expecting from me, if any. But, I watch the price, and if I see evidence it will move against me, I close my position. For example, currently price looks more bullish in consolidation than it did when I entered ...
USD/JPY Discussion
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benaiah replied Nov 19, 2014I'd rather SL hit or close at BE, then re-enter at a higher price to short. But that's just my style. I don't like draw-downs, so always use tight SL. Entered on the 1 minute chart, so I'm watching closely...
USD/JPY Discussion
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benaiah replied Nov 19, 2014If I see break above R3 and support, I'll go long. Close to R3 and under it, only short for me...
USD/JPY Discussion
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benaiah replied Nov 19, 2014Shorted at 117.71 SL 117.80 Edit: Looking at R3 at 117.85. If it looks like it starts to turn back up, I may BE on this trade and sell at 117.85ish area
USD/JPY Discussion
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benaiah replied Nov 18, 2014Yes, you guys found it, back in 10/2007. Price is currently trading right under the D1 area Edit:Sorry, not D1, should be S1. i.e. supple or demand, in this case a supply area...
USD/JPY Discussion
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benaiah replied Nov 18, 2014What do you mean by that?
Ha ha, just kidding. Just a minute, I'll figure out the best way to post it...USD/JPY Discussion
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benaiah replied Nov 18, 2014Weekly is approx 115.65 Daily is 116.73 Of course the daily is recalculated each day, and weekly is recalculated each week...
USD/JPY Discussion
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benaiah replied Nov 18, 2014Which is why I was calling this a bull trap earlier, because price had been fighting with 117 for so long, once it broke through, many traders will jump in long thinking that the sky is the limit, not paying attention to the even bigger obstacle ...
USD/JPY Discussion
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benaiah replied Nov 18, 2014Price has entered a weekly supply zone that has never been tested. I would be very surprised if price just plowed right through it. Price has always pulled back at any weekly supply zone in the past. The last one pulled back 400 pips. Price could go ...
USD/JPY Discussion
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benaiah replied Nov 18, 2014Sounds reasonable. If I was long-term buying, I'd have my stop below 115.65 for sure...
USD/JPY Discussion
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benaiah replied Nov 18, 2014Can someone please explain to the new guy how big the Forex market is, and impossible it would be for one guy on the FF forum to "sway" the market. Unbelievable.
USD/JPY Discussion
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benaiah replied Nov 18, 2014Okay, Mr. New Member. I see you have a hard time handling differing opinions. You won't last long here unless you fix that. I'm done responding to you.
USD/JPY Discussion
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benaiah replied Nov 18, 2014You have got to be kidding me. I never told anyone what to do. And I never will. I post my opinion. As do you. Leave me alone.
USD/JPY Discussion
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benaiah replied Nov 18, 2014I will also add this. Anyone who enters trades heading straight into weekly resistance is gambling, and taking away a big part of their edge. One of the biggest "edges" one can have in trading is enough room before the price hits a wall. If price is ...
USD/JPY Discussion
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benaiah replied Nov 18, 2014Thing is, I'm not emotionally attached to this. I don't care what it does. I'll trade it in whatever direction it goes. Last month it dropped 400 pips. I'm sure nobody thought that would happen either. Trade what you want, make your own decisions. ...
USD/JPY Discussion
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benaiah replied Nov 18, 2014I am so totally shorting this pair right now, and will look for a fall of 100-200 pips. Remember, 117.24 was weekly resistance. Edit: as long as it stays below 117.24 the direction is down. But if it gets above 117.24, then maybe bull time
USD/JPY Discussion
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benaiah replied Nov 18, 2014back to targeting 115.32 If you are long, prepare for some pain. I wish it looked differently, but it looks like a bull trap to me.
USD/JPY Discussion
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benaiah replied Nov 18, 2014to clarify, all of my comments where pertaining to USDJPY not jpy225
USD/JPY Discussion