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USD/JPY Discussion

Can anyone identify the time frame?
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Quoting dn1977
{quote} The point I was trying to make, which you failed to grasp is , its pointless looking at a 1 minute chart and getting excited about a 25 pip move. you got a lot to learn. oh well.
Backwards once again. You asked what wild move. I looked and provided the answer. Keep on ignoring reality. See where that gets you.
Master Yoda,still bullish are you? Come to the dark side
Your friendly neighbourhood Sith
Nothing too fancy, the risk to reward is good, potential double bottom, with a pennant.
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I'm wondering if 110.000 isnt unreasonable TP. Who knows...
Quoting SunTrader
{quote} Good question? Many others would post something like that and say it will be successful. You worded it right by asking ... going to be successful? Although it already has moved down somewhat and is right around former resistance that turned to support, longer term (beyond what my trades typically last) I'm leaning bearish but in the meantime expect a bounce here at support. {image}
Incredible, guys like this still posting horrendous calls.
Closed my short from 111.187. It very nearly hit 50 SMA on daily, there's an hour doji and possible reversal. I've got a good profit for the week, having tomorrow off so I don't screw that up. Good Luck to all.
h
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Quoting SunTrader
{quote} Backwards once again. You asked what wild move. I looked and provided the answer. Keep on ignoring reality. See where that gets you.
When i first said ( what wild move! ) I was being sarcastic as i did not see it as wild at all. anyone that comments on a 25 pip move on a 1 minute candle is vert wet between the ears when it comes to trading.
USDJPY is trading above the support level 110.600 in a technical 4-hour chart. I expect the bullish momentum to continue for next trading hours, pair would face hurdle at first resistance level 110.827 and if it breaches this level, then it will face second resistance at 110.939. Further mounting pressure will force the pair to climb till level of 111.283 after breaching third resistance level 111.070

If it crosses the support level, then it could get second support at 110.443 and may witness a fall till level of 110.149 after sustenance below third support at 110.281
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Quoting dn1977
{quote} When i first said ( what wild move! ) I was being sarcastic as i did not see it as wild at all. anyone that comments on a 25 pip move on a 1 minute candle is vert wet between the ears when it comes to trading.
Still can't grasp that the move was the equivalent of 39% of the average daily move. Pips don't matter when measuring a move, percentages DO.

Maybe someone day you will get it. In the meantime join the ignore list. Done wasting time with the ignorant.
Quoting PayTheLimit
near support here a second time, shall we start to trade under it for a few hours, I might be willing to consider shorts on a retest of 111.10..... {image}

revised my resistance to 111.23 now, looks crisper....
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Look Sharp/Trade Tight
Quoting PayTheLimit
{quote} revised my resistance to 111.23 now, looks crisper.... {image}
It`s playing with BRN 111.000 , Now it seems possible to reach 111.23 and even further North.
This is how i see it:-
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Quoting SunTrader
{quote} Still can't grasp that the move was the equivalent of 39% of the average daily move. Pips don't matter when measuring a move, percentages DO. Maybe someone day you will get it. In the meantime join the ignore list. Done wasting time with the ignorant.
You carry on getting excited about 1 minute chart with 25 pip moves. hahahahaha
Quoting darthPip
Master Yoda,still bullish are you? Come to the dark side

Breathe, the market does. One must not forget this, hmmmm

Taken many orders were, if price breaks 111.2-111.25 much higher price will go.
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Learn, a forex trader must, unlearn and relearn he will.
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Trade with candle color at the first line it meets. Hard to lose.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Expect the GDP # to be big
Quoting dn1977
{image}{quote} This Trade is still live for anyone that would like to test out my strategies. You could also get in at a better price than i did. I have been in the game for 13 years and Im just sharing some Trades with exact Entry/Stop & Target areas ( before ) they happen not after. all Trades are swing Trades that are held for a few days to a few weeks. good luck.
Got stopped out by 10 pips on USD/JPY, maybe got in too early, still think it goes long but not going to take another shot yet, still short gold from 1233.75
back to having 111.70 as my best R on the board, maybe a chance at it today...
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Look Sharp/Trade Tight
Quoting TooSlow
{image} Trade with candle color at the first line it meets. Hard to lose.
refresh my memory....which line, which color....
Look Sharp/Trade Tight
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