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USD/JPY Discussion

Quoting 1candlepower
{quote} "all the time?" It frequently goes out of inverse relation for short periods (a few hours, maybe) but, I'm talking a couple of days - like this week and yesterday in particular. It's something I watch... carry trade liquidation maybe? (sheer flow magnitude could push it down like that despite the EURUSD's strong downward momentum,) or some other popular trade being opened or closed. Not sure about the mechanics either, banks would know all about these things...
We are saying the same thing my friend. "all the time" is a colloquial term for something that happens frequently.
When you feel like you HAVE to trade is when you least should!
UJ Long 132.2 level. Exploratory trade. SL 131.6
When you feel like you HAVE to trade is when you least should!
Could be forming an inverse H&S. If price revisits the support zone I'll look to get back long.
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Take the easy ones, and don't do anything stupid in the meantime.
Watching that 131.71 level, the low of the week.
Take the easy ones, and don't do anything stupid in the meantime.
Probably gonna stay flat today. Starting Monday I'm going to start getting up at 4am to catch the London action. The NY session can suck it. lol
Take the easy ones, and don't do anything stupid in the meantime.
All of this bleeping SVP bank news is making things wonky. Now Suisse Bank is back in the pot. Guess we need the weekend to square things. Without the news I think we would be headed upwards.
When you feel like you HAVE to trade is when you least should!
Quoting Thirasara
{quote} Thanks a bunch, mate. Downloaded it.
can i have that pdf as well buddy???
Quoting ninner
{quote} can i have that pdf as well buddy???
Sure, click on the link, it still works

Maximize wins, minimize loss, stay in the game as long as you can
Counter-Trend Entry Return This Week: na
Has the usdjpy reached a bottom.....yen reached a top...or is their more room to run!!!! That is the question!!!
USDJPY price action on the daily time frame broke down the 133.120 horizontal support (blue) last week Friday. Any bearish follow-through in the early part of this week may see a retest of the 129.480 extension (SandyBrown).

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
firstly we have heavy bearish momentum so all i will look for are sells. Secondly, The previous daily low hasn't been touched yet. In 15 minute timeframe we are reaching upper band which means that there is a high chance that we are going to be rejected soon. now the only thing i am waiting for is to take previous daily high while also getting a signal from the system to sell on 3 min timeframe
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Staying flat until after FOMC tomorrow. I had a good EUR/GBP long last night that hit my target. That is my only trade so far this week. I only shoot for two good ones a week. That's all I need to compound at the rate I want. I used to try and trade every day but it did more damage than good, now I just wait for good setups and capture larger moves fewer times a week. It's easier and less stressful.
Take the easy ones, and don't do anything stupid in the meantime.
#USDJPY / H1
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Quoting Butters
Staying flat until after FOMC tomorrow. I had a good EUR/GBP long last night that hit my target. That is my only trade so far this week. I only shoot for two good ones a week. That's all I need to compound at the rate I want. I used to try and trade every day but it did more damage than good, now I just wait for good setups and capture larger moves fewer times a week. It's easier and less stressful.
FOMC gave us the hint the week before. We are bearish for the next few days IMO. 127.8 target. Daily Wave 5 bottom for now.
When you feel like you HAVE to trade is when you least should!
It was a clear Buy trend..
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UJ long to 144
GU short
When you feel like you HAVE to trade is when you least should!
USDJPY price action on the daily time frame is bearish but presently in a sideway mode at the upper part of the 130.980/128.905 horizontal support zone (green) seen on the weekly time frame. When we look left, recent technical pattern offers the likelihood of further liquidity engineering southwards, perhaps to the lower part of the zone.

I may be wrong. Trade safe and prosper.




KP

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Do your homework, follow the footprints of smart money
Quoting OBsayMkMoney
UJ long to 144 GU short
144 may be overzealous. 134 for now.
When you feel like you HAVE to trade is when you least should!
Quoting OnyekaO
It was a clear Buy trend.. {image} {image}
Not always clear to people new to the scene. If you could elaborate a bit I know others may benefit from it. To me it is clear having some experience, but not to all.
When you feel like you HAVE to trade is when you least should!
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