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-   -   USD/JPY Discussion (https://www.forexfactory.com/showthread.php?t=5505)

OBsayMkMoney Dec 11, 2019 10:22am | Post# 82161

{quote} Sweet. I wanted 107 to be my TP for shorts, but too many doubts. Good luck to you. Cheers h

I think we will hit 107.8 before heading upwards to the 110 111 area.

OBsayMkMoney Dec 11, 2019 2:47pm | Post# 82162

Bears? Perhaps 3:15pm EST will tell the tale.. Looking good though... Just need to clear 108.4 and hold. I think we will be bearish through Friday, and then the good tariff news will satisfy the Bullish prerogative.

4xjunkie Dec 11, 2019 5:52pm | Post# 82163

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Anything is possible. Good luck everyone. Click to Enlarge

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OBsayMkMoney Dec 11, 2019 10:46pm | Post# 82164

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The last Fed statement was on Oct 30. The market shot up a bit as sellers got on board. Then made it's way down and continued to through the next day's news to then go sideways until that Friday when good news came out, and the market made it's way back up hitting the spike area then moving down.. Perhaps history will repeat itself here as well.

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darkmorg Dec 11, 2019 11:09pm | Post# 82165

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it's going to 106.50. just look at the dollar index, do your studies on that and then pick a cross that catches your eye. the dollar is getting dicked, expect that to continue across the board till the average monthly ranges are met

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darkmorg Dec 11, 2019 11:14pm | Post# 82166

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here's the dollar index. look how the average monthly range overlaps the yearly open (gold line) at the bottom of the screen. guess where it's going. this shit isn't rocket science. it's a dumbass herd subject to natural laws like every other living creature on this rock.

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olderekg Dec 12, 2019 1:50am | Post# 82167

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hypothesis1
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TooSlow Dec 12, 2019 9:54am | Post# 82168

here's the dollar index. look how the average monthly range overlaps the yearly open (gold line) at the bottom of the screen. guess where it's going. this shit isn't rocket science. it's a dumbass herd subject to natural laws like every other living creature on this rock. {image}
Where is average monthly range on the chart, Mate?

4xjunkie Dec 12, 2019 10:06am | Post# 82169

they may stretch it up to 106.7x.
edit 109.7x.

jag1969 Dec 12, 2019 11:16am | Post# 82170

I've opened long position since last Friday two hours before NFP at 108.58. Waiting the Fed and UK elections. My tp at 110.43.
Hello. I don't believe that i wait the yen crosses my tp. I'll close my long position around 109.43 (76.40 fibo). I'll be out of the market waiting the UK elections.

OBsayMkMoney Dec 12, 2019 11:25am | Post# 82171

it's going to 106.50. just look at the dollar index, do your studies on that and then pick a cross that catches your eye. the dollar is getting dicked, expect that to continue across the board till the average monthly ranges are met {image}

The best laid plans spoiled by a twit.

Amir_Forex Dec 12, 2019 2:38pm | Post# 82172

............................Short Area
.................................................................

.........................................................................................https://www.forexfactory.com/showthread.php?p=12660337#post12660337

jag1969 Dec 12, 2019 3:29pm | Post# 82173

Hello. I've moved my tp yo 109.43. My long position was closed.

hellsbells Dec 12, 2019 4:07pm | Post# 82174

............................Short Area ................................................................. .........................................................................................https://www.forexfactory.com/showthr...7#post12660337

Hey Amir , what happened to your last batch of shorts.? Are you still holding, did you TP ?? Money management is such an issue for traders, I'd really like to see more information on your trade management, especially since it seems you have plenty of followers happy to short when you do ..
Cheers h

For my part I'm currently sidelined.. freight train action in one direction is a little daunting for me to be confident counter trading, though it is always tempting..

hellsbells Dec 13, 2019 12:53am | Post# 82175

I'm still not trading, in fact I don't think I'll trade till the new year now, but I'll throw my worthless thoughts into this ghost town. I think there's more chance of a bounce and move to 110, then there is of a sudden drop. I just don't like this PA and sneaky announcements and uncertainty and elections etc. I think there's traps galore to fall in. Watch out.

4xjunkie Dec 13, 2019 2:00am | Post# 82176

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So close But so far away. i could see a dip to 109.50 before 109.70. Click to Enlarge

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KeenPips Dec 15, 2019 4:33pm | Post# 82177

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Here's my take on the USDJPY from a technical perspective of a swing trader. I am bearish USDJPY although the USDJPY market is still consolidating. On the H4 time frame, price action is presently disposed southwards within the rising wedge (blue) seen on the daily time frame but still located a few pips below the wedge resistance trendline. This is indicative of a potential southward turnaround. But a sell trade is not likely to be feasible without a retest of the 109.540/109.630 horizontal resistance zone (bound by magenta horizontal lines). I am bearish USDJPY.


I may be wrong. Trade safe and prosper.

KP

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appletrader Dec 17, 2019 5:03pm | Post# 82178

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Longer term daily setup but could be good for a second attempt!
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4xjunkie Dec 17, 2019 9:31pm | Post# 82179

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looks like it wants to challenge the weekly open. We might get something that looks like this. Click to Enlarge

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Its taking longer than i thought it would. feels like buy limit at 109.20 would get filled for the leg up.

Bryan5229 Dec 18, 2019 1:12am | Post# 82180

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Patiently waiting for bears to come in, maybe tomorrow.
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