"(trailing 50pts or 2 below round numbers if close)" He was long and stopped out on the retrace back under 3500.

Jacko's Forex House of Pleasure and Pain

Saw that but was away, nice clean test good for 50-70 pips. Did you take it?

USD/JPY Discussion

I know.. I've held off on the crosses due to IB's inept margin system. Both sides of a cross are treated separately, so crosses are 25:1 (instead of 50:1). However, IB's maintenance margin is the same as initial, so you can't effectively use even ...

USD/JPY Discussion

Careful with these 500 pip swings. Your buddy out of his monster short?

USD/JPY Discussion

Japan is an exporting country, so a strong yen hurts their corporate interests, hence weaker Nikkei.

Carry Unwinding but yet Nikkei continues to fall?

QuoteTracker. The pivots are automated. They're slightly off because my broker (IB) has a 17:00 - 17:15 close cycle.. I'm trying to setup a second data source to get an accurate 17:00 open candle.

USD/JPY Discussion

The way this thing has observed the pivots the past 36 hours is amazing...

USD/JPY Discussion

Anyone buy the bounce off the S1 at 111.66?

USD/JPY Discussion

Wow! Excellent timing on his part. Surprised he didn't cover after that first leg down to 100 when it retraced back up 350. What's his tp, or is he just letting it ride?

USD/JPY Discussion

Hedge funds.. the blowups so far could just be the tip of the iceberg. For strictly forex traders, liquidity is easy. But these funds are leveraged up on borrowed yen, then bought CDOs and other subprime-linked derivative disasters.

USD/JPY Discussion

Is he still riding this one?? 2000 pips.. my hat's off..

USD/JPY Discussion

IB/IdealPro is best described as an internal ECN. They have quotes from 7 or 8 interbank providers, sub-pip spreads, and client orders are broadcast inside the book (you can pay the spread, or wait & make the spread). No NZD and 25:1 on exotics, so ...

Spreads trashed even on ECNs, data feed also wrecked

Ok, so I was a little off. Amazing either way, meant no disrespect. Good trading and God bless you.

USD/JPY Discussion

You'll only get an obscure answer on that, trust me.. Please allow me to venture a guess at dove's more in-depth background,. Most likely he's an engineering/hard science PhD with a vast quantitative background (perhaps a savant). I suspect he's ...

USD/JPY Discussion

No problems here on IB's IdealPro data. I keep a Hotspot FXi demo going to compare spreads and their data has been fine too. I'm looking into a tertiary ECN data source and will avoid eSig, thanks for the heads up.

Spreads trashed even on ECNs, data feed also wrecked

From pivots to bollingers to linear reg/MA crosses on 3min - 1hr charts, 150 lot positions, dove you remind me of Mr. Data from Star Trek. Would love to see your trading terminal some day. When you retire, please author a book, heck you should be ...

USD/JPY Discussion

The problem I have with these fibonacci retracements is that you can define arbitrarily any starting point to fit any current situation (as seen in the past 4 fib charts that have been posted).

Jacko's Forex House of Pleasure and Pain

Wow, take a glance at the other crosses. Kiwi/yen under 79 a minute ago, off 575 pips since noon today, off nearly 2000 pips in two weeks. GBP/JPY off >2000. Going to be some great entries for position trades if/when this settles down.

USD/JPY Discussion

Trader888, Just out of curiosity, how are the traders at your bank handling this recent volatility? Any spectacular wins/losses or other stories?

How to be a trader for a company?

Sorry for your losses, and I mean no offense, but what was with the tirade yesterday about "always being right" when you bought AUD/JPY at 96.90? (and long G/U and short U/CAD) Such hubris will get you hanged in this market..

USD/JPY Discussion