USD/JPY Buy Signal?

[jerich]

Any forex traders in here? I just had a moving average cross buy signal on the USDJPY. Anyone long?

[coachdeb]

Hey.

I bought the $/JPY a few days ago and sold it for a few pips profit, but that was on very short term hold. I've read posts similar to yours that mention signals and I have a couple questions...

- are you talking about a long term position hold here? Seems to me that it surely wouldn't be a trade shorter than a half day or day that you're talking about here.

- what kind of signal are you seeing? chart hi/lo, support/resistance, MACD, ????

I'm very new to Forex myself so I'm VERY interested in your and other's responses.

Deb

	Quote:	jerich
	Any forex traders in here? I just had a moving average cross buy signal on the USDJPY. Anyone long?

[jerich]

Hi coachdeb,

I am also new to Forex myself. My timeframe is 1-10 days depending on the market condition. Do you also trade USD/JPY? I use a combination of moving averages, MACD, and fibs.

Maybe we can share strategies? Thanks

[coachdeb]

	Quote:	jerich
	Hi coachdeb, Do you also trade USD/JPY?

Well, I trade anything that moves - I think that's my problem! I've heard that newbies should focus on ony one pair to learn what moves the market and how prices act, and especially to see the trends.

	Quote:	jerich
	I use a combination of moving averages, MACD, and fibs. Maybe we can share strategies? Thanks

Sure, you can PM me if you want. There may be others who can benefit from sharing here. But...

Whateverrrrrrr,

Deb

[forex_gump]

I am experimenting alot with my strategy. I found somethings that work most of the time but I need to find other things that compliment this. My strategy has evolve and will keep evolving until I get consistent result.
Right now I am using Bollinger bands, EMA's RSI and Stochastics. They work fine together (most of the time) back testing. Now I am testing it AGGRESSIVELY on different time frames to see which one it work best on.

[Soultrader]

I think you need to pick a timeframe you want to trade first then work on a strategy to trade that timeframe.

The opposite approach you are taking forex gump will conflict with your trading style.