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Usdjpylong

USDJPY - Daily Trade Idea - 12-Dec-22USDJPY (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Green Candle after the Red Candle. - Stochastic - Oversold Area - Timing of entry Prior / during UK / US Market Session.
Long
by onelinkFX
Possible Long shot on USDJPYI am considering taking a long on USDJPY with a big SL cluster that appears the last hours within 136.15-135.85 area. I need a catalyst that will provide with Upside potential on USD and take a Long on the pair by tracking it's order flows and news catalysts. Possible Catalysts for Friday 9th December. US PPI's more positive than expectations US Michigan data more positive than expectations In case USDJPY isn't close to the lowest SL cluster I will play on this pair by trying to trip SL's along with the news by tomorrow. If you want to trade like a proven funded prop trader take a look at my coaching sessions below Learn Order Flow Trading www.fiverr.com Learn Fundamental News Trading www.fiverr.com Trading Psychology & Risk Management plus all my tools on this session www.fiverr.com Learn Market Sentiment and implement to your trading www.fiverr.com Learn by Watching over my Shoulders www.fiverr.com
Long
by Investing_Bridge
2 Steps to calculate Value Per Pip -USD/JPY - 2 Decimal placesHow to find the ‘Value Per Pip’ with the YEN Here are the trade specifics: Portfolio size: $5,000 Max risk percentage per trade: 2% ($100) Trade type: Buy (go long) Currency pair: USD/JPY Entry price: 136.80 Stop loss: 136.30 Step 1: Calculate pips risked in trade As each pip movement is two decimal places on each currency, you’ll multiply the difference between the entry and your stop loss price by 100. Here’s the calculation: Trade risk in pips = (Entry – Stop loss) X 100 = (136.80 – 136.30) X 100 = 50 pips This means, you are prepared for the market to move 50 pips away from your entry before you’ll be taken out of your trade for a loss. Step 2: Find your ‘value per pip’ ‘Value per pip’ = (Portfolio risked per trade ÷ Pips risked in trade) = ($100 ÷ 50 pips) = $2 This means, on your trading platform you’ll type in, $2 for where it says ‘Rands risked per pip’, ‘Pip value’ or ‘Volume’, place your entry price at 136.80 and your stop loss price at 136.30 in order to risk $100 of your portfolio. If you found this useful, I'd like to hear in the comments. Trade well, live free... Timon MATI Trader
Education
by Timonrosso
USDJPY - Daily Trade Idea - 7-Dec-22USDJPY (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Green Candle after the Red Candle. - Stochastic - Oversold Area - Timing of entry Prior / during UK / US Market Session.
Long
by onelinkFX
[TRADE CLOSED] Position Went As Expected +340 PipsQuick update for you on this position after getting the entry signal on Friday and the intial 200 pip pop were we had closed 50% of the position and moved the STOP to entry price (which nearly got hit yesterday). You can now see its moving nicely towards the 139 area I talked about in Friday's post the PMI numbers helping price go above 137 today I have now closed 80% of the position and moved the stop loss to 136.500 as I suspect sellers might come back in soon towards 138. All in all it was a great trade with the entry signal of the indicator near perfect you can read my related posts to see exactly why I entered when I did.
Long
by TheFxAce
3
USDJPY - Daily Trade Idea - 6-Dec-22USDJPY (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Green Candle after the Red Candle. - Stochastic - Oversold Area - Timing of entry Prior / during UK / US Market Session.
Long
by onelinkFX