moorekapital

USDJPY: BUY MODE ACTIVATED BUT BULLS GOT WORK

FX:USDJPY   U.S. Dollar/Japanese Yen
254 9 18
BMA but bulls got work.


In my much improved price charts reading, which I dubbed NEO-PA, ;) I would do less talking and less publications of different charts. I intend to do more updates to same charts, and also do live calls in @nmike's chatroom- https://www.tradingview.com/chat/#huufTEomwseDbwhZ

It is important for me to underscore here that, I do not inculcate News/Fundamental reasonings into my technical analysis , as I am not good at that exercise.
I also do not use any other indicator, apart from 20EMA(which I can do w/o, anyway ;) )
My analysis and calls are purely based on price action bar by bar analysis, based off the outcome of my obsession and immersion into charts over 8years of trading.

How can I finish off w/o saying this...........
I want to mention also that, I have borrowed one or two ideas from @timwest and @IvanLabrie , @jangseohee and @nmike and @Alexander_Nikitin .

I definitely cannot exhaust the list of people I have picked one or two great ideas from.
Thanks to everyone that taught me a thing or two


Im currently doing trading, full time for a living. And would like you to share in my private funds managment. If you have capital of not less than $50 000USD.
You can send me a mail to moorekapital@gmail.com or PM me for a discussion today!


A MONTH AGO.....
USDJPY: HOW I SEE UJ
Comment: Stop Order Buy
Aggressive stop
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Comment: Stop Order Buy
Conservative Stop
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Comment: USDJPY_60: Some interesting sellers rearing ugly heads. But Im still Bullish bias until proven guilty. hahahahaha
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Comment: The aggressive stop, few pips below this price feels threatened
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Comment: Conservative stop, taken out !
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Comment: Great job !
Comment: i flipped to short
SMA(Sell Mode Activated )
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Indeed, the bulls had job to do, and they failed misserably!
Comment: EURJPY, similar to USDJPY = SMA!
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Comment: MM TARGET
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Comment: USDJPY: MM Target
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Comment: MM Target, hit and bounce
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Trade well managed = good cash!
Comment: Internet connection was a devil to me todai, and I missed my trade on SPX500. But Cool.
I'm doing it here
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Comment: Based of some reason I booked my USDJPY tiny prfoit here. I'll go in when things are right again.
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Comment: Now, tis for this potential loss I had to book profit prematuredly yesty. As you can see.....Had I not been fast about it....I wud have sustained a huge loss.
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Comment: This is how I did it on my live account ......You'll see where I entered, and where I exited
http://content.screencast.com/users/moorekapital/folders/Jing/media/a8a40854-a8b0-4a37-a80a-c5062ca43121/2016-06-09_1343.png
Comment: USDJPY: Potential DB but stil SMA(Sell Mode Activated)
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Comment: BMA (Buy Mode Activated) !
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Comment: I forgot to remove the TP stuff.
No TP!
Pls manage the trade as per ur style.
I often get out unhurt , small loss, small gain, or HUUUUGE WIN! ^_^
Comment: These trades were called right here in this room of NAKED TRADING : https://www.tradingview.com/chat/#Q8tWbgGWUxMgOT0K
Step in for crispy fresh calls. Updates here come so late so step in the room now!
https://www.tradingview.com/chat/#Q8tWbgGWUxMgOT0K

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Comment: U really wanna manage the trades to avoid unnecessary losses ;)
Comment:
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When you find yourself in the room, simply shout, "I'm naked! "
That's the greetings. ^_^
Here's the link again
https://www.tradingview.com/chat/#Q8tWbgGWUxMgOT0K
Comment: SMA(Sell Mode Activated) still, but let's ses what becomes of the May3 UPSWING
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Comment: Massive defeat ! bears in control, No doubt, but lets see what happens hereon. ;)
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moore. I see this pair long the USD. something is not right if it is not going to be that way and big money always knows.
Applying reasoning i would expect for indices to start falling if USDJPY is a short trade. but interestingly enough world indices still very bullish. which makes this a divergence from the reality behind this pair.
I am long USDJPY as stated a while ago. Britexit is not going to happen and Europe is not going to collapse and USD interest rates will no doubt go up as the economy is recovering quiet well.

You always have to read in-between the lines in this industry and being a skeptic helps.
+1 Reply
moorekapital ZenTrader17
I appreciate your comment, Zentrader17. But this is my reply: The only reason I take a trade is based on MY READING OF RAW PRICE CHART. All other variables, I have learnt to avoid. And that's b'cos after near 9 years of trading (Through the ups and downs ^_^ ) I have internalised this opinion that I can make good money if I read the price charts well. It is also not in my one page trading document to trade correlations and news or fundamental reasonings, as I'm not good at that exercise. And so I trade each charts , based on its own merits. I think that consistent profitability comes after a trader gets to the point where he can reduce everything to ......"IF THIS...... THEN THAT". Just few variables, just so errors could be avoided or reduced to the bearest minimum.
Reply
ZenTrader17 moorekapital
fair enough. what ever it works i guess. i just like to know that if big money or fundamentals match price behavior i feel more comfortable staying with the trade. take care!!
+1 Reply
moorekapital ZenTrader17
Thanks, ZenTrader17
Reply
ZenTrader17 moorekapital
just saw the chart now though...man what a down turn today. see if it holds
Reply
moorekapital ZenTrader17
Yes. Weekly shows sell mode activate. But we also near support. So let's see if it gets lifted from here
Reply
ZenTrader17 moorekapital
precisely. all we can do is watch. got the feeling this is going to jump like crazy...
+1 Reply
moorekapital ZenTrader17
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Reply
good job sir !
+1 Reply
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