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USD/JPY Discussion

  • #67,561
  • Jul 25, 2017 9:52am Jul 25, 2017 9:52am
Quoting NMZee
{quote} One more suggestion, when talking publicly its best to use common language... " if Usd price doesnt satisfied the buyer then I'll sell usd...! This can be said as i will buy or go long from the mentioned support..☺....satisfying the buyers could be a difficult task...
ups.. noted..

I need to replace my english tutor then...
  • #67,562
  • Jul 25, 2017 10:03am Jul 25, 2017 10:03am
Quoting NagaMas
{quote} ups.. noted.. I need to replace my english tutor then...
Lol....no your tutordoing a good job. Juststart using the tech language. Ok question. If you are asked to sell uj. (With a gun to your head) where will u buy it from then and why..
  • #67,563
  • Jul 25, 2017 10:04am Jul 25, 2017 10:04am
Quoting NMZee
{quote} Lol....no your tutordoing a good job. Juststart using the tech language. Ok question. If you are asked to sell uj. (With a gun to your head) where will u buy it from then and why..
Edit...whrre will you sell it....not buy..typo.
  • #67,564
  • Jul 25, 2017 10:12am Jul 25, 2017 10:12am
Quoting NMZee
{quote} Edit...whrre will you sell it....not buy..typo.
LOL supply zone of course
  • #67,565
  • Jul 25, 2017 10:22am Jul 25, 2017 10:22am
Quoting NagaMas
{quote} LOL supply zone of course
Priceee...tf...why..
  • #67,566
  • Jul 25, 2017 10:22am Jul 25, 2017 10:22am
Dead cat bounce or not? I'll risk 25 pips from 11165 to find out.
  • #67,567
  • Jul 25, 2017 10:26am Jul 25, 2017 10:26am
Quoting NMZee
{quote} Priceee...tf...why..
more? timeframe and reason why?
  • #67,568
  • Edited 10:48am Jul 25, 2017 10:30am | Edited 10:48am
Quoting JunkyFX
Dead cat bounce or not? I'll risk 25 pips from 11165 to find out.
you've got a good confluence zone at 11165 to sell. I have some and putting the SL at 11185.

Attached Image (click to enlarge)
Click to Enlarge Name: confluence zone.png Size: 40 KB

Attached Image (click to enlarge)
Click to Enlarge Name: confluence zone 2.png Size: 39 KB
  • #67,569
  • Jul 25, 2017 10:45am Jul 25, 2017 10:45am
Guys ,
I bring to your attention the possibility the recent 110.63 low is a serious one .

Today's high in Euro also might be a serious top or will be very soon ...

Kindly consider that in this case any selling in $JY is futile . I will personally look for opportunities to go long .

  • #67,570
  • Jul 25, 2017 10:46am Jul 25, 2017 10:46am
Quoting NagaMas
{quote} you've got a good confluence zone at 11165 to sell. I have some and putting the SL at 11185. {image} {image}
Yup, we have FOMC and US GDP numbers this week so we will find out quickly.
  • #67,571
  • Jul 25, 2017 10:50am Jul 25, 2017 10:50am
Quoting NagaMas
{quote} you've got a good confluence zone at 11165 to sell. I have some and putting the SL at 11185. {image} {image}
Ok. Can you tell me what you see.....
1 Hr chart ...price 111.54 / 58
4 Hr Chart ...price 111.95 / 112.08
Daily............price 112.14 / 112.40
Are there any similarities??
  • #67,572
  • Jul 25, 2017 11:11am Jul 25, 2017 11:11am
Quoting NMZee
{quote} Ok. Can you tell me what you see..... 1 Hr chart ...price 111.54 / 58 4 Hr Chart ...price 111.95 / 112.08 Daily............price 112.14 / 112.40 Are there any similarities??
do you mean that H4 and D1 heading to their supply zone? While the H1 has arrived at it?
  • #67,573
  • Jul 25, 2017 11:12am Jul 25, 2017 11:12am
Quoting NagaMas
{quote} do you mean that H4 and D1 heading to their supply zone? While the H1 has arrived at it?
and may be H1 at its demand zone right now?
  • #67,574
  • Jul 25, 2017 11:13am Jul 25, 2017 11:13am
TO ALL FOREX TRADERS

I WILL NOT GIVE UP...

Inserted Video
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #67,575
  • Jul 25, 2017 2:40pm Jul 25, 2017 2:40pm
Quoting F.g
Guys , I bring to your attention the possibility the recent 110.63 low is a serious one . Today's high in Euro also might be a serious top or will be very soon ... Kindly consider that in this case any selling in $JY is futile . I will personally look for opportunities to go long .
true...that is my view of point too...
  • #67,576
  • Jul 25, 2017 3:47pm Jul 25, 2017 3:47pm
D1 candle pattern.. Abandoned baby?
  • #67,577
  • Jul 25, 2017 4:06pm Jul 25, 2017 4:06pm
Quoting JunkyFX
{quote} Yup, we have FOMC and US GDP numbers this week so we will find out quickly.
In hindsight that was silly to enter before tomorrows news release. That's a nice candle for bulls on the daily.
  • #67,578
  • Jul 25, 2017 9:13pm Jul 25, 2017 9:13pm
Quoting NagaMas
{quote} do you mean that H4 and D1 heading to their supply zone? While the H1 has arrived at it?
Sorry for late reply. I just wanted things to take shape furing the asian session.
All 3 prices are example of strong supply zones. Generally when trading zones,1Hr zone is good for 30 pips, 4 hr zone for 60+ pips and daily for +100 pips ( not a set rule).
In essence there are only 2 basic ways of trading and both requires no indicators.
1. Zone trading
2. Breskout strategy.

When the price action doesnt respect a zone, violates it and contijue moving the the 2nd group of traders jump in saying tesistance is broken, its a breakout lets buyyyy. I shorted at 111.50. SL was 111.62. When it got hit, a lot of breakout traders got in for longs. As a zone trader i waited for price to get to the next supply zone which is here. I have tajen a short at 112.03 with 10 pips SL.
Gj short 146.00 with 30 pips SL.
Lets see. What happens.
When a supply zone is broken it never ever changes into demand zone. Closest demand zone now is at 110.80 however price will bounce many times in between creating new S/D Zones.
  • #67,579
  • Jul 25, 2017 10:17pm Jul 25, 2017 10:17pm
Quoting NMZee
{quote} Sorry for late reply. I just wanted things to take shape furing the asian session. All 3 prices are example of strong supply zones. Generally when trading zones,1Hr zone is good for 30 pips, 4 hr zone for 60+ pips and daily for +100 pips ( not a set rule). In essence there are only 2 basic ways of trading and both requires no indicators. 1. Zone trading 2. Breskout strategy. When the price action doesnt respect a zone, violates it and contijue moving the the 2nd group of traders jump in saying tesistance is broken, its a breakout lets buyyyy....
These are some useful knowledge you shared with. I really appreciate it.

my questions:
- How do you define a zone. What things to be taken into consideration. Do you grade the zone quality from weak, moderate and strong? What makes it?
- I learn from your explanation that when a zone was broken, lets say a supply zone, we do nothing until the price forming a new supply zone, and advised to not chasing the price. Is it right?
- But what if this 'next supply zone' is a consolidation zone wherein the price take it as a stepping zone to move further up?
- Why is it "When a supply zone is broken it never ever changes into demand zone. ". Elaboration please.

Thanks.
  • #67,580
  • Jul 25, 2017 10:38pm Jul 25, 2017 10:38pm
Quoting NMZee
{quote} Sorry for late reply. I just wanted things to take shape furing the asian session. All 3 prices are example of strong supply zones. Generally when trading zones,1Hr zone is good for 30 pips, 4 hr zone for 60+ pips and daily for +100 pips ( not a set rule). In essence there are only 2 basic ways of trading and both requires no indicators. 1. Zone trading 2. Breskout strategy. When the price action doesnt respect a zone, violates it and contijue moving the the 2nd group of traders jump in saying tesistance is broken, its a breakout lets buyyyy....
Bro, Thank you for the great info. However, I need to know how to identify the zones (S/D)? Any pointers will be much appreciated.
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