Agreed. If BOJ came in here and kickstarted it above these resistance levels it would take off and never look back.
I'd be adding on a retest...
I'd be adding on a retest...
Gone to a better place
USD/JPY Discussion 7 replies
NZD/JPY Discussion 12 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
EUR/USD Bollinger Band Discussion 3 replies
Suidster's GBP/JPY Discussion 19 replies
DislikedThanks, same to you as well.
I do not know what it is about this Pair but how many times we seen it get stuck in this very tight trading range, sometimes for several days, and then it makes a strong move one way or the other and get caught back into this tight little trading range again?
Just like a gentle little wave going up and down inside the range several times a day for several days.Ignored
DislikedThat's cuz everybody is too chicken shit to do anything on this piece of crap of pair.
They are afraid of forcing it down to too low because of this fear of "intervention". After all, all the Big Brothers are watching and will be prepared to intervene if "warranted".
They can't move the pair too high either cuz the USD is in such a shitty state and there is just no ammunition for them to do that.Ignored
DislikedAgreed. If BOJ came in here and kickstarted it above these resistance levels it would take off and never look back.
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I'd be adding on a retest...Ignored
QuoteDislikedSorry to hear it didn't hit your target. I was sure you got some pips from that up move.
Still, good pipping to you!
Disliked
You seem to be mad at this Pair. Just curious; are you currently holding a position and if not what direction are you waiting for and what price level or movement will spark your interest?
I have the feeling you want to go Long but there is nothing there for you do so yet.
Personally I love this Pair and I do not mind these tight (understatement ) trading ranges. This is just my opinion, and I am no expert, so take it for what it is worth; this Pair behaves so nicely most of the times, until it makes that one violent move up or down....Ignored
DislikedFor my trading, I only hold positions when I see a trend starting so since my trading approach is trend-based, when this piece of crap pair is ranging, it does me no good. It's limiting my profit potential and even losing me pips. As to directions, I am direction-neutral. I try not to have too strong of a conviction of a particular direction for a pair because trend can change anytime. The worst is me stubbornly holding onto a belief of a particular direction and telling myself the market is wrong. Being there, done that. Not fun!
I don't wait...Ignored
DislikedWith all this congestion,when it breaks out it should be a big movement for long-term/weekly traders.
I am expecting a false break to either side and then movement in real direction.
Better have no bias at this point.
Strong downtrend in favor of bear.
Strong support at 79-80 for bull.Ignored