Thread: Discuss USD/JPY, GBP/JPY, and other JPY Pairs

Originally Posted by Loudness

Hello J.Giordano, yes the pair is bearish now. Read my previous posts above. Welcome and good luck!

Hello Loudness

Thank you,I am very happy in here and see you quite active in this thread...lets keep touch and sharing..if you dont mind please PM me your messenger and maybe we can keep chat

We could always talk using this forum. What you wanna know? I go first.

I am actively trading the yen for 5 years. I have standard accounts of reasonable sizes. I win more than I lose. How about you?

Hi loudness,

I am still new here,have loss a lot and now in floating position..I was buy USDJPY around 91,xx before the Pairs drop and now have a quite big floating position,maybe you have any idea/strategy for me to out from this floating now

Originally Posted by J.Giordano

Hi loudness,

I am still new here,have loss a lot and now in floating position..I was buy USDJPY around 91,xx before the Pairs drop and now have a quite big floating position,maybe you have any idea/strategy for me to out from this floating now

Are u trading standard lots? Does your broker allow hedging? I would suggest u buy at dips becos eventually the pair is going to see 95.xx/100.xx. There's another version of the forcast is a drop to below 80.xx. I dunno how low the pair can go, but I will be buying @ 87.00 and 85.00.

Originally Posted by Loudness

Are u trading standard lots? Does your broker allow hedging? I would suggest u buy at dips becos eventually the pair is going to see 95.xx/100.xx. There's another version of the forcast is a drop to below 80.xx. I dunno how low the pair can go, but I will be buying @ 87.00 and 85.00.

Hello

Yes I am trade standart lot..and my broker wllow hedging,any suggestion?
I am plan to buy at 87.00 also and if it break i intend to buy in 85.00 also
I am tried hedging to sell at 87.79,87.54,and 87.35...how do you think?

Originally Posted by J.Giordano

Hello

Yes I am trade standart lot..and my broker wllow hedging,any suggestion?
I am plan to buy at 87.00 also and if it break i intend to buy in 85.00 also
I am tried hedging to sell at 87.79,87.54,and 87.35...how do you think?

I won't want to sell @ 87.xx levels. Maybe 88.50 you may enter to sell. Why u didn't use stop-loss orders ? Its dangerous to trade without any stop orders.

Originally Posted by Loudness

I won't want to sell @ 87.xx levels. Maybe 88.50 you may enter to sell. Why u didn't use stop-loss orders ? Its dangerous to trade without any stop orders.

Hello

yes..it was my mistake....I put a wrong position buy stop at these second and third 87,xx...so now i am just can hope it can keep bearish..how do you think? and I am now learn to put a stop loss..may i know how many pips usually u put your SL and TP ?

Originally Posted by J.Giordano

Hello

yes..it was my mistake....I put a wrong position buy stop at these second and third 87,xx...so now i am just can hope it can keep bearish..how do you think? and I am now learn to put a stop loss..may i know how many pips usually u put your SL and TP ?

My TP is usually 150 pips and SL is 50 pips. I would suggest you continue buying at dips eg. 87.00 and 85.00. Forget about hedging. Keep your fingers crossed and hope that 95.xx/100.xx would come!

Originally Posted by Loudness

My TP is usually 150 pips and SL is 50 pips. I would suggest you continue buying at dips eg. 87.00 and 85.00. Forget about hedging. Keep your fingers crossed and hope that 95.xx/100.xx would come!

Hello,

Ok I will do it
Btw,since you now and believe the pairs will show bearish why dont you put a sell order now?


Thanks

Originally Posted by J.Giordano

Hello,

Ok I will do it
Btw,since you now and believe the pairs will show bearish why dont you put a sell order now?


Thanks

I won't play selling. I'm LONG person . If this pair reverses the sell would be trapped for a very long time. Happy trading!

Originally Posted by Loudness

I won't play selling. I'm LONG person . If this pair reverses the sell would be trapped for a very long time. Happy trading!

Ok..Thank you loudness

Originally Posted by NEWSFLASH

wheres the support come on BULLS

Just having a lazy day, Next field to the north looks to have longer grass. Ok we will wonder over there.

Originally Posted by Time Lord

Just having a lazy day, Next field to the north looks to have longer grass. Ok we will wonder over there.

OK, Putting me feet up and waiting my Lord has spoken. Have a nice day P

Originally Posted by Loudness

My TP is usually 150 pips and SL is 50 pips. I would suggest you continue buying at dips eg. 87.00 and 85.00. Forget about hedging. Keep your fingers crossed and hope that 95.xx/100.xx would come!

Is your SL/TP level dictated by any indicator or is it a "feel" SL/TP?

Originally Posted by muadib

Is your SL/TP level dictated by any indicator or is it a "feel" SL/TP?

"Feel" SL/TP.