buy usd/jpy

the trading idea behind my positions buying usd/jpy is only one:
NEVER TRUST BOJ
i start buying usd/jpy at 111.00, 109.82, 107.80 and i will continue buying now at 106.50, and 105.20
many of you will not agree with me, especially if you are the same traders who were selling eur/usd targeting parity, well this time i wish you good luck if you are targeting 0.96

martingale

a proper martingale is not bad at all

I mean well analysed without hurting your liquidity

hello people
we all know why is existing the 'MARKET', because there are people who want to buy and people who want to sell
i don't blame you calling me 'martingale' they call me before like this when i was buying usd/jpy at the same levels they call me again like this when i was buying eur/usd at 1.08 1.06 1.05
the result is only one i closed all trades with profit every time because am patient. and most of all because i don't trade one lot with 1000 capital. if you know how dip is your pocket and you trade accordingly without risk then the result is only one'PROFIT'
i will call gambler someone who is willing to become rich with 1000 starting capital and he trade lots after lots that one will have only one result LOSS

Josh999 posted:
martingale

no martingale there ,grid

martingale is an all out bad strategy.. instead of going with the flow and making profits, your set on one outcome of the market. what happens if a terrorist drops a bomb tomorrow? your jpy going to drop down below parity and gold is going to go through the roof. and martingale is a strategy that can make you profits, but why put all that risk into one trade, say your following proper risk management and your only risking 1-2% of your capital in each trade, your talking 4-8% already, and if it tanks your out almost 10% of your capital because your set on the market moving one direction. to each his own. but i would never trust a martingale strategy.

my dear friend
i am not trading with 'IF' something will happen because there is a say 'IF you are afraid falling off the bike don't get on it' Lance Armstrong

Usd/Jpy saidway trading around 107.50/00 zone ahead of Nonfarm Payrolls

The Nonfarm payrolls didn't have much an effect, unfortunately. The sideays consolidation continues for now.

dianajs posted:
The Nonfarm payrolls didn't have much an effect, unfortunately. The sideays consolidation continues for now.

Mixed data leaves the pair mostly trading sideways, downside seems limited around 106.20/30 zone.

Bought at lowest low so far.

It's still not too late to buy, since the pair will likely continue rising towards 112.00.

What happen with Yen, it dropped over 60 pips for no good reason, there are no fundamental news.

nothing important most probable some profit taking

Immediate support zone can be found around 109.40/46 handle, the pair seems in a bit of ranging, no clear trend showing.

pair is just waiting for FOMC that is why is range trading. there is chance from the speech of yellen tonight to move up

Good news today that may decide the pair's direction.

The USDJPY attempted to push higher last week topped at 107.90 but whipsawed to the downside, closed lower at 106.90 and hit 106.06 earlier today. The bias is bearish in nearest term testing 106.00 – 105.50 area which is a good place to buy with a tight stop loss. Immediate resistance is seen around 106.85. A clear break above that area could lead price to neutral zone in nearest term testing 107.25 or higher.