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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

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USD/JPY Discussion

151.80 - 152.20 big buy zone
Quoting Vincent1
151.80 - 152.20 big buy zone
hi can share where u see this?
Quoting FreeGary
{quote} hi can share where u see this?
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BUY GJ on M5. SL green line, TP blue zone...
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As said................. No greedy......... cashed at 152 and reversed to long , as shown.....BIG.

Quoting tetis
tomorrow is holiday injapan and also we have NFP in USA !!! ready for.....
for what?
Failure, is a wonderful teacher!
Quoting Konichiwhaat
Good morning, and happy golden week to all my fellow traders in Japan! I have decided to post a few charts here because I am just so amazed at how many people keep trying to short USDJPY in the "chance" that they may catch some kind of intervention move, in particular the gamblers in the "Cable Update (GBPUSD)" thread. The sad thing also is that I believe that if they were lucky enough to go short the moment any kind of intervention happened (by the way, that's an absurd way to trade long tern anyway), they would only stay in the move for a few...
OK, here we are, the long awaited mega bearish weekly close, woohoo!

So what is next?... I wait for a potential pull back.

The first chart shows the last 2 times we got a good bear run. Look how there was a pull back into the first weekly bearish close (marked with a small pupil line). This is what we would like to see. Note how the 100 EMA marks the underlying larger up trend and we are yet to break it. So how do I try to spot a pullback entry?

The second chart shows an hourly chart going back 3 weeks. I have marked some specific high and low data points. I will be watching this chart to try and spot a potential stall in price, and some kind of "roll over" action. I already have one position about 470 pips in profit where I entered on the first pull back last week, so I have a little bit of cushion to play with.

And the last chart is just for fun... I am not a FIB trader, but I thought It might be quite nice for some other traders to see. Also, I guess there is no harm in seeing what the FIB traders are seeing too, but I am pretty sure the BOJ is not using FIBS! Like I say, just a bit of visual fun.

LASTLY...

I am ONLY trying to catch a potential DOWN MOVE. I am not trying to flip-flop short, long, short etc. This plan is purely to catch a potential long term down move. So anyone who wishes to partake, please be aware that I am personally willing to have all gains go back to zero should the trend change back to bullish. This is an attempt at a long term swing trade. It is not a day trade plan. If I can catch it, I will explain next week my plan to trail it.

Ignore the P&L, focus on the craft of nice entries, and lets see how we go.

Best of luck!
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Emotional Control. Process, not outcome.
Quoting mike1349
{quote} for what?
see my previous posts in this thread
what achieved with intervention or so so far , , nothing any great , ok next week may range down and next again may uncertain about any correction down . so may continue bull further.. usdx similarly may down next week possibly too.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
USDJPY price action on the daily time frame took on a bearish mode for much of last week. However, the bearish momentum decreased as bulls resisted a breakdown of the 151.900 area, which was a long-term horizontal resistance until turned support on April 15. Technically, we may still see a bullish pullback before a further southward drive.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
Maybe back to 158.00 area
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ex nihilo
Quoting Oc6oph
Maybe back to 158.00 area {image}
for this 12 year long uptrend to continue, it must next make another new high, so >160.

Or perhaps this is THE year of a historical reversal or never seen since 2021 consolidation ?

So many bears along with BOJ are perhaps wasting their breath, again, by screaming at us +year bulls :
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
Quoting mtako
{quote}for this 12 year long uptrend to continue, it must next make another new high, so >160. Or perhaps this is THE year of a historical reversal or never seen since 2021 consolidation ? So many bears along with BOJ are perhaps wasting their breath, again, by screaming at us +year bulls : {image}

Have to admit though, other than last week, it's been pretty hard lose money going long on xxx/jpy.
The Bank of Japan's significant intervention efforts aimed at stabilizing the yen have provided temporary relief, but I expect that the yen remains vulnerable to selling pressure in the market for a while. Let's see.
Quoting mike1349
{quote} for what?
I did. I still don't get it.
Care to explain please?
Failure, is a wonderful teacher!
Quoting Konichiwhaat
{quote} OK, here we are, the long awaited mega bearish weekly close, woohoo! So what is next?... I wait for a potential pull back. The first chart shows the last 2 times we got a good bear run. Look how there was a pull back into the first weekly bearish close (marked with a small pupil line). This is what we would like to see. Note how the 100 EMA marks the underlying larger up trend and we are yet to break it. So how do I try to spot a pullback entry? The second chart shows an hourly chart going back 3 weeks. I have marked some specific high and...
A nice fast run up this morning, and now a potential stalling on the 5 min. I like the level (deeper would be better), I also like the potential trend line too. So happy to add to my position here
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Emotional Control. Process, not outcome.
I've been buying again. Doing OK, exiting too soon.
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Quoting BlackLotus
I've been buying again. Doing OK, exiting too soon. {image}
nice trade i posted usd/jpy yesterday and its moved quite nicely. mega profits on it
B4 Elvis there was nothing
Quoting T721
{quote} nice trade i posted usd/jpy yesterday and its moved quite nicely. mega profits on it
I used your trade plan as a confirmation to my plan... My timing is still off but I'm a one man army, hance me being here looking for idea's from pro traders.
Quoting Konichiwhaat
{quote} A nice fast run up this morning, and now a potential stalling on the 5 min. I like the level (deeper would be better), I also like the potential trend line too. So happy to add to my position here {image}
Second position just moved to BE before the close of this nice bearish 1H candle close
Emotional Control. Process, not outcome.
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