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- JackintheBox replied 3 hr ago
Hello Folks. I would be careful to go long now- even for scalp. Perfect setup today for straight running through till 1.0625 or even below without any retrace. Holiday makes it possible. I've seen craziest moves on holiday so be careful today- ...
- JackintheBox replied 16 hr ago
Due to my experience you have to be carefull with non-EOD settings. The problem is the roll-over. I had that few times on EUR/SEK or even USD/JPY. What happens is that in the backtest, let's say 155.55 was reached. -But that is not true. It was only ...
- JackintheBox replied 18 hr ago
Thanks for sharing results. That is more what I have to with breakout strategies with JPY. Have you added spread (how much?)? Than the results are quite good!
- JackintheBox replied 19 hr ago
Here we go, USD to the moon. I wonder how long the world economy can withstand that strength and datas from US. Carry trades on and on and on. Lol, look at USD/JPY. Can you see how they (BOJ) try too keep yen up? - ouch... just another hit in that ...
- JackintheBox replied 19 hr ago
Party goes on... datas very bullish for USD. Oh oh, poor BOJ. That will cost a lot of money to withstand the drawdown of JPY. Cracked 157 with the news. Interest Rate Cut =>2025 in US, mark my words.
- JackintheBox replied 21 hr ago
Have you entered long? I longed few times now, avg. 0.8552. Feel quite good with that, wait for pullback to unwind some of my longs.
- JackintheBox replied 21 hr ago
About 2 months when I see it correctly.
- JackintheBox replied 21 hr ago
Interesting that you have a " profitability would be 0.35, or 35%. This means, on average, for every unit you risk, you expect to gain 0.35 units." All I tested was always +/- 0, especially on JPY currencies. Seems you test at least 2 months back so ...
- JackintheBox replied 22 hr ago
USD/JPY: Seems to be 157.00 line in the sand for BOJ currently. Weird drop again 2,5 hours before. I think we get some volatility next minutes. Traingle is tightening up towards 157. Always higher lows, 156.77, 156.84, 156.87... and a small rip to ...
- JackintheBox replied 38 hr ago
May be I have an explanation for that moves: I could imagine BOJ tries to make buyers comfortable, risking bigger and bigger positions (well, on me it worked) - until they really dump it hard and lots of them get into trouble by margin call. Are ...
- JackintheBox replied 38 hr ago
And again . At least a small one. sorry for your position. I think they read your post lol
- JackintheBox commented 38 hr ago
I assume your last thought. As I know BOJ they would never just dump money into the toilet (means intervention of let's say 5 billion dollar in 1 minute, let the market drop from 156.70 to 155 and than they close their books). For me it smells fishy ...
- JackintheBox commented 38 hr ago
Yes, it is really weird and hidden what they are doing. JPY is always crazy. Sometimes very easy like today and sometimes I get grey hairs. I wonder if they sometimes also don't know what they are doing or throw a dice to make people crazy.
- JackintheBox commented 38 hr ago
Thanks for information. Intervention,- if done - was not really smart that way but I read your theory behind it,- could work out of BOJ in the End.
- JackintheBox commented 38 hr ago
Of course for us as intraday traders that is heaven on earth. We are out in a second. Of course a hedge fund with avg. in positions needs some time to get rid of all positions, so the BOJ plays on that? Let them suck in more and more and than dump ...
- JackintheBox commented 38 hr ago
Thanks, can you explain more? I used that twice today with big profit but I worry what is going on? Where is the sense of these sharp down moves if the recover come immediately? Do you think they try to push the avg. entry up from hedge fonds etc. ...
- JackintheBox replied 38 hr ago
Anybody used last drop? I traded the same. Worked like a charm but who is doing that moves? (last from 156.70 to 155) Makes no sense in my opinion.
- JackintheBox replied 38 hr ago
That is the 2nd time today I used the intervention or whatever it is. Exact the same pattern. I mean, thanks for the money but wtf? Who is doing that over and over at USD/JPY? Is it the BOJ on holiday modus? Automatic Program? It is a money burning ...
- JackintheBox commented 46 hr ago
Tony, Tony... still onboard. Well, don't burn you fingers with your 2 lot short on cad/jpy. I only go long, long, long. Cheers
- JackintheBox replied Apr 29, 2024
Not sure, may be it's my skills which develop, may be luck but i made a fortune already. I buy every dip. Just got the low again I only use 1/10th of my original position but I made already 100 pips or sth. Not sure who is pushing ...