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- 537 Results (504 Replies , 33 Comments )
- Jgcole83 replied Apr 9, 2024
I don't participate much on forex factory anymore just because it's filled with people who participate or developed get rich quick methods or systems who are completely unaware of how to manage risk or leverage and don't have a clue when it comes to ...
- Jgcole83 replied Apr 8, 2024
No money to be made in small trades like this if you're actually paying taxes. If you're making a bazillion small trades you're an accountants worst nightmare.
- Jgcole83 replied Mar 24, 2024
UJ has very limited upside potential at this point and going long would be fighting the Fed and Boj. I opt for the path of least resistance. Eventually this is going to roll over hard and fast.
- Jgcole83 replied Mar 21, 2024
Double top. Also getting divergence in rsi and price.
- Jgcole83 replied Mar 21, 2024
Bear flag on the one hour chart. Sell off will continue through Europe open.
- Jgcole83 replied Mar 20, 2024
I'd be betting on a retest of 141.50 and I'd be watching 148.50, and 146 along the way. I wont close my current position I'll add to it on a bounce. When I'm up a few hundred pips I'll play with the houses money.
- Jgcole83 replied Mar 20, 2024
As I said before there's a bearish wedge on the weekly chart and price was banging against the upper boundary... Lower rates here and higher rates in Japan are bad for USD/JPY.....Basic economics... Glad I went short last night.
- Jgcole83 replied Mar 19, 2024
Market rotation played a part in this move. I still think its a good setup for a short position tomorrow. Options have UJ capped out at 151.50.
- Jgcole83 replied Mar 19, 2024
Bearish wedge on the weekly charts. Might be a nice short setup come Wednesday.
- Jgcole83 replied Oct 29, 2023
50 EMA on the daily chart is 148 and that's what I'm looking at. My wedge looks a little different on the 4 hour chart and it's already broken down and closed below the lower barrier as of Friday.
- Jgcole83 replied Oct 29, 2023
Pre market open UJ is already down over 20 pips. Might not mean anything though.
- Jgcole83 replied Oct 27, 2023
Yen Futures. Total Long Positions: 331,617 Total Short Positions: 67,042 url
- Jgcole83 replied Oct 26, 2023
Double Top
- Jgcole83 replied Oct 26, 2023
I said earlier yen long positions in the futures market are more than double short positions and this started taking place about 2 weeks ago. These big legs down always happen about an hour or two after European markets open. It's not the Boj it's ...
- Jgcole83 replied Oct 25, 2023
We're getting one more rate hike in November and the BOJ is gonna intervene in the fx market. Not much left to be bullish about.
- Jgcole83 replied Oct 25, 2023
I've been long this pair what seems like forever now but I don't expect the trend to last much longer. Yen long positions in the futures market are more than double short positions. Options in November and December don't look much better.
- Jgcole83 replied Apr 27, 2022
I've been trading geppy over UJ the last few months. The price movements in UJ make no sense and randomly happen. There's nothing technically sound about it and from a risk management standpoint it's insane.
- Jgcole83 replied Apr 27, 2022
Last two times we saw this level was 2015, and 2007. 2002 we saw 135, but after hitting these levels every single time we got a huge correction of about 3000 pips or more in the following year or two. When you have random swings of 115 points in ...
- Jgcole83 replied Apr 13, 2022
Called this yesterday. Again...Bearish wedge on the daily and divergence in price and rsi. Doesn't get any more simple. Bullish waiting on a pullback.
- Jgcole83 replied Apr 13, 2022
Bearish wedge on the daily chart and divergence in rsi and price. Might want to be careful being long here.