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

yes sir,tanx for the tip,i'm good student always taking good points and notes from u guys as the teacher

Originally Posted by 4xer

Likewise I am long from 143.00.

I still have some shorts as well around 142.00 up to 142.30. I am still holding them for now.

I am playing both sides of this Beast

Well. I added more longs at 142.30 and 142.50. Closed all the longs at 143.30.

Just shorted at 143.30. Still have shorts from 142.00 -142.50

Mihai - COngrats on your trades. My EA has been cranking em out and doing really well on the GJ this week. Ill send you a screeenshot later today of my smaller acct.

Also at 50:1 how do you use your entire balance without margin calling? Or are you only using the amount that is alotted to you in a larger acct?

Also I will look to add more shorts around 143.50/60

Originally Posted by 4xer

Well. I added more longs at 142.30 and 142.50. Closed all the longs at 143.30.

Just shorted at 143.30. Still have shorts from 142.00 -142.50

Mihai - COngrats on your trades. My EA has been cranking em out and doing really well on the GJ this week. Ill send you a screeenshot later today of my smaller acct.

Also at 50:1 how do you use your entire balance without margin calling? Or are you only using the amount that is alotted to you in a larger acct?

Also I will look to add more shorts around 143.50/60

simple, take for example the whole balance 10,000 GBP, i buy for that 500,000 units which gives me 34.89 GBP/pip.... u get a margin call if u reach -6,000 GBP.... so u will be left with 4,000GBP ... but i sold it @144.95 , it went another 5 pips higher and then lower .... this is a hypothetical example, altough those 5 pips almost made us cry, as we are a hedge fund the amounts that we use are quite large... but the only reason why we took the risk is because we had 200% already return for the week, talking about all of us, on the portfolio, so i came with the idea, so we did it

IT MIGHT REVERSE LOWER HERE... not sure but be careful

Originally Posted by mihaia2002

simple, take for example the whole balance 10,000 GBP, i buy for that 500,000 units which gives me 34.89 GBP/pip.... u get a margin call if u reach -6,000 GBP.... so u will be left with 4,000GBP ... but i sold it @144.95 , it went another 5 pips higher and then lower .... this is a hypothetical example, altough those 5 pips almost made us cry, as we are a hedge fund the amounts that we use are quite large... but the only reason why we took the risk is because we had 200% already return for the week, talking about all of us, on the portfolio, so i came with the idea, so we did it

IT MIGHT REVERSE LOWER HERE... not sure but be careful

Got it. I understand It is quite confusing to others who are using larger leverage. Also if you have rolling profit than you can bet the balance because your equity is higher than the balance because of the rolling profit. It isnt as if you are entering a new trade with no previous trades and using your entire balance because this would margin call you

I think everyone can stop scratching their heads now

ADD- Just closed one of my shorts for 20 pips. It was a large one. Still have another short 143.10.

Mihai- Ive been trying your 5 minute strategy. It works well if you are patient. I am waiting for the blue to cross the red. Green are BB.

Originally Posted by 4xer

Mihai- Ive been trying your 5 minute strategy. It works well if you are patient. I am waiting for the blue to cross the red. Green are BB.

it works over the long term.... i sometimes take profits after the first cross... maybe 30-40 pips, and out for the day, or u can respect it and go like a robot... tp 120, sl 31... this works with volatility... on average it make 200 pips a month... using it like a robot with a fixed amount of money, don't increase or decrease it... ... u might modify it.., depends how it suits u... but for example there was a cross today, and u were suppose to buy @ 08:05 gmt as that was the confirmation candle and wait for 120 pips might go or not, but even if it reverses at this point and crosses back u still make a profit and on the next cross u sell, before the time i told u, 10:30 if i remember one of my colleagues does only this like a robot and this month had 307 pips, just asked him

just realised is 11:05 now, the strategy time has passed...if it crosses lower, no selling... that if u respect the time ... now u are still suppose to be long @ 142.90... what the hell is happening ???? u made ure 120 pips

Anyone know why UJ blasted up?

I just shorted HEAVY 143.70

ADD- Just closed for 30 pips GOOD MOOOLAH!

Originally Posted by 4xer

Anyone know why UJ blasted up?

I just shorted HEAVY 143.70

ADD- Just closed for 30 pips GOOD MOOOLAH!

closed for 80 pips the long on the cross the one opened @ 142.9... always trading the cross 21/11

What just happened? Anyone know why UJ blasted up then down inside 20 minutes.

I aint complaining. Made Moolah! I just cant seem to figure out what happened.

Originally Posted by mihaia2002

closed for 80 pips the long on the cross the one opened @ 142.9... always trading the cross 21/11

i might go out for the day... SO, MY OPINION... is SELL @ 143.6 and BUY @ 140-141 area... it will get there on Monday that is the Daily Trendline support... just draw a trendline with crossing the lows simple... and from there the pair is bullish again... as we will see 170 by the end of year ... as 4EXER says this is my 2 pennys ?? hahahah, coz i am in the uk not US

i don't know, maybe some auction between banks... nothing on the news that i can see...


The hourly will close around 143.6-143.7.... and there we SELLLLL i am out, good luck everybody, 4EXER congrats... good days, ha !?

USD/JPY: 45-Point Bounce On Lawmaker Intervention Talk London, April 16 (IFR) - A sharp rebound from levels around 92.65 to 93.05 following the latest intervention talk from the Japanese ruling party lawmaker. The lawmaker said that monetary easing and intervention were needed to weaken the Japanese unit and beat deflation.
Given the failure in the Yen to better the 92.50 level the market was probably ripe for some profit taking so the intervention talk had more impact. The session top at 93.15 provides the initial resistance point.

Originally Posted by mag35

USD/JPY: 45-Point Bounce On Lawmaker Intervention Talk London, April 16 (IFR) - A sharp rebound from levels around 92.65 to 93.05 following the latest intervention talk from the Japanese ruling party lawmaker. The lawmaker said that monetary easing and intervention were needed to weaken the Japanese unit and beat deflation.
Given the failure in the Yen to better the 92.50 level the market was probably ripe for some profit taking so the intervention talk had more impact. The session top at 93.15 provides the initial resistance point.

Thanks Mag.

Short again @ 143.55. Not big just an entry size

Originally Posted by mihaia2002

i might go out for the day... SO, MY OPINION... is SELL @ 143.6 and BUY @ 140-141 area... it will get there on Monday that is the Daily Trendline support... just draw a trendline with crossing the lows simple... and from there the pair is bullish again... as we will see 170 by the end of year ... as 4EXER says this is my 2 pennys ?? hahahah, coz i am in the uk not US

i don't know, maybe some auction between banks... nothing on the news that i can see...


The hourly will close around 143.6-143.7.... and there we SELLLLL i am out, good luck everybody, 4EXER congrats... good days, ha !?

Later Mihai! Good Pippage and let the next week treat us just as well!

i in any case I see that bulls do not deliver the arms. I observe that the all corrections they is small and immediately the prices they turn behind and the bears they do not have force. this makes me little wonder.

10:56 GMT April 16 UK clearer and US name buying helped inflate cable from an
early Europe 3-day low of 1.5366 to a London morning high of 1.5475. Touted
offers at 1.5500 (option expiry level) are an appreciation obstacle beyond.
The 1.5366 low was plumbed after the pound took a hit on the back of UK
political uncertainty, re: last night"s "victory" for LibDem leader Clegg in the
first pre-election television debate between Britain"s three largest political
party leaders. Upcoming opinion polls will show if the LibDems attract support
from the Tories and Labour--thereby increasing the probability of a "hung"
parliament on May 6. The latest YouGov survey for The Sun (conducted pre-debate)
showed a 4% rise in LibDem support to 22%, with Tory support down 4% to 37%.
Sterling scaled a 7-week peak of 1.5524 in early European trade yesterday,
as the continent digested a Crosby/Textor poll for The Daily Telegraph
suggesting that the Tories "are on course for a convincing election victory".
0.8800 offers capped an early Europe Clegg win-fuelled rise in EUR/GBP.
0.8747 marks the ensuing sell-off low.