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

Originally Posted by Gregory McLeod

Thanks Uber for your ideas! They are good ones.

Here is a position sizing plugin for Marketscope charts that you may find useful
FXCodeBase.COM: Forex Chart Indicators and Development • View topic - Position Sizing & Risk To Reward Ratio

Here is also a website based one too
Position Size Calculator, Forex Position Size Calculator

Thanks Greg, I will certainly put them to use.

Originally Posted by Uber FX nUblet7

I'm pretty sure this is how most no dealing desk brokers would have to make their money.

And if this is the Case, FXCM is a no dealing desk broker which means they have an incentive help you become successful and continue trading to perpetually get a cut on future trades.

suspect they're all at it in some way or another, lots of funny hand shakes going on in the city. but thats ok, i'll just have to get better at trading.

Originally Posted by Uber FX nUblet7

Thanks Greg, I will certainly put them to use.

You are welcome!

entered tiny position eu/jp at 430 10pt stop, 30pt tp.
think the retrace is about to retrace a bit

Originally Posted by jbiggart

entered tiny position eu/jp at 430 10pt stop, 30pt tp.
think the retrace is about to retrace a bit

sorry, short

Hello Traders! Happy Monday to you! I hope you have had a relaxing weekend and are ready to begin a great week of trading.
Here is the Daily FX Speculative Sentiment Index for the GBP/JPY and USD/JPY:

GBPJPY - The ratio of long to short positions in the GBPJPY stands at 1.22 as nearly 55% of traders are long. Yesterday, the ratio was at 1.17 as 54% of open positions were long. In detail, long positions are 3.5% higher than yesterday and 9.3% weaker since last week. Short positions are 0.6% lower than yesterday and 10.9% weaker since last week. Open interest is 1.6% stronger than yesterday and 5.9% below its monthly average. The SSI is a contrarian indicator and signals more GBPJPY losses.
USDJPY - The ratio of long to short positions in the USDJPY stands at 6.02 as nearly 86% of traders are long. Yesterday, the ratio was at 5.26 as 84% of open positions were long. In detail, long positions are 5.8% higher than yesterday and 2.7% stronger since last week. Short positions are 7.7% lower than yesterday and 3.5% weaker since last week. Open interest is 3.6% stronger than yesterday and 14.6% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.

Originally Posted by jbiggart

sorry, short

sorry again, 20 pt tp

took profit, trend line support caught up

i'm glad i joined this forum. i was getting bored of talking to myself

DailyFX Calendar of Economic Events for Week of 5/6/2012

Hello Traders! What a difference a few hours make as the US equity open sparked a dramatic turnaround in the European stocks and risk appetite currencies.

With a docket full of economic news this week, look for more trading opportunities as the market prices these events.

Originally Posted by jbiggart

i'm glad i joined this forum. i was getting bored of talking to myself

We are glad you are here as well! You don't have to trade alone when you can 'Trade with Friends'

Originally Posted by jbiggart

took profit, trend line support caught up

Congrats on grabbing some pips
Are you still in any trades or are you flat now?

Originally Posted by Gregory McLeod

Congrats on grabbing some pips
Are you still in any trades or are you flat now?

thats me for the day, things to do. catch you at your webinar tomorrow though.
cheers

Originally Posted by jbiggart

thats me for the day, things to do. catch you at your webinar tomorrow though.
cheers

Ok! Have a good evening!

Hi Greg!

What is your opinion about the system used by Robert Miner ?

It's a good system?

Many thanks and good trading.