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USD/JPY Discussion

  • #68,101
  • Aug 15, 2017 9:01am Aug 15, 2017 9:01am
Quoting NagaMas
anyone for 30pips up move?
I am long from 110.
  • #68,102
  • Aug 15, 2017 9:05am Aug 15, 2017 9:05am
Quoting mmo1991
{quote} I am long from 110.
great 100pips until 111.000 mate.
  • #68,103
  • Aug 15, 2017 9:06am Aug 15, 2017 9:06am
Target Paling Dekat 111.05
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  • #68,104
  • Aug 15, 2017 9:44am Aug 15, 2017 9:44am
Quoting mnaqvi
{quote} No I meant a double bottom formed by the current daily downtrend. That's why I mentioned June.
Ok overlooked you mentioned June. But what about April? Not 109 exact but didn't need a double bottom then to start an uptrend. History repeats except when it doesn't.
  • #68,105
  • Aug 15, 2017 9:54am Aug 15, 2017 9:54am
Quoting SunTrader
{quote} Ok overlooked you mentioned June. But what about April? Not 109 exact but didn't need a double bottom then to start an uptrend. History repeats except when it doesn't.
Of course. It was an opinion based on what happened in June and current fundamentals, not a foregone conclusion. In my opinion, the USD bull move won't start until FED sentiment becomes more hawkish than it currently is. The USD is in a state of instability at the moment due to Trump in office. Just look at the USDX daily trend. I think only the fed can turn this around. Otherwise USD isn't strong enough to take this to 114 just yet.
  • #68,106
  • Aug 15, 2017 9:57am Aug 15, 2017 9:57am
I closed one long buy last night @110.4 from 109.5 last night and do some short sell @110.4 to 110.32 this early morning then Long again from 110.3 to 110.81 (That is the max for now and it will form 110.81 down to 110.2 or 110.16 again) -> got 2K profit. It might hit to 114 later but not today. I can make money 1 or 2 more times if I have time to sit and analyze the chart like the night before
  • #68,107
  • Aug 15, 2017 10:12am Aug 15, 2017 10:12am
Quoting mnaqvi
{quote} Of course. It was an opinion based on what happened in June and current fundamentals, not a foregone conclusion. In my opinion, the USD bull move won't start until FED sentiment becomes more hawkish than it currently is. The USD is in a state of instability at the moment due to Trump in office. Just look at the USDX daily trend. I think only the fed can turn this around. Otherwise USD isn't strong enough to take this to 114 just yet.
The U.S. Dollar lately is strong against all the majors across the board Trumpie notwithstanding. Just is.

Whether or not it will hit 114 anytime soon is anyone's guess.
  • #68,108
  • Aug 15, 2017 10:26am Aug 15, 2017 10:26am
great tail H4 in 30 minute.
  • #68,109
  • Aug 15, 2017 10:30am Aug 15, 2017 10:30am
Quoting SunTrader
{quote} The U.S. Dollar lately is strong against all the majors across the board Trumpie notwithstanding. Just is. Whether or not it will hit 114 anytime soon is anyone's guess.
Strong on what time frame? Looks like your definition of "lately" is since the last NFP. Have you taken a look at the USDX daily chart? All pairs have been strengthening against the USD in the medium term. This generalized weakening of the USD was even mentioned multiple times in the latest releases from the RBA. As a trader Im going to stick to erring on the side of USD bearishness until we have solid evidence of medium term USD bullish sentiment.

Yes if or when it will get to 114 is a guess. Everything in trading is a guess, but you have to make educated guesses. Right now the educated guess is leaning towards a bearish USD. If you're going to disagree with my USD bearishness in the medium term that's fine, but you have yet to provide any support for your opinion.
  • #68,110
  • Aug 15, 2017 10:51am Aug 15, 2017 10:51am
Quoting mnaqvi
{quote} Strong on what time frame? Looks like your definition of "lately" is since the last NFP. Have you taken a look at the USDX daily chart? All pairs have been strengthening against the USD in the medium term. This generalized weakening of the USD was even mentioned multiple times in the latest releases from the RBA. As a trader Im going to stick to erring on the side of USD bearishness until we have solid evidence of medium term USD bullish sentiment. Yes if or when it will get to 114 is a guess. Everything in trading is a guess, but you have...
Here you go:
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  • #68,111
  • Aug 15, 2017 10:54am Aug 15, 2017 10:54am
Quoting SunTrader
{quote} Here you go: {image}
Retracements of large moves are evidence of a usd bull trend?
  • #68,112
  • Aug 15, 2017 11:01am Aug 15, 2017 11:01am
Quoting rmrf
{quote} hold onto those longs for the ride back up into 114 eh?
Mate,
I took profits at 110.60~ and reversed to short SL 110.86 fttb

  • #68,113
  • Aug 15, 2017 11:17am Aug 15, 2017 11:17am
Quoting mnaqvi
{quote} Retracements of large moves are evidence of a usd bull trend?
I said ... lately is strong against all the majors ...

Never said bull trend but it doesn't need a bull trend to start to reach 114.
  • #68,114
  • Aug 15, 2017 12:03pm Aug 15, 2017 12:03pm
Quoting SunTrader
{quote} I said ... lately is strong against all the majors ... Never said bull trend but it doesn't need a bull trend to start to reach 114.
114-120 would be nice. Hopefully we will see 120 at one point or another before the end of this year
  • #68,115
  • Aug 15, 2017 12:43pm Aug 15, 2017 12:43pm
Quoting SunTrader
{quote} I said ... lately is strong against all the majors ... Never said bull trend but it doesn't need a bull trend to start to reach 114.
It needs buying of USD against the yen, which won't happen without bullish sentiment in the medium term.
  • #68,116
  • Aug 15, 2017 5:50pm Aug 15, 2017 5:50pm
Looks like up again after retrace, today we can break 111?
  • #68,117
  • Aug 15, 2017 6:42pm Aug 15, 2017 6:42pm
if 111.000 broken, possibly to 111.850.
  • #68,118
  • Aug 16, 2017 2:35am Aug 16, 2017 2:35am
Quoting jusstin911
{quote} I think you exited to soon maybe?? 110.95 possible next RES for continuation of the Down move or break Up
I will like to look for shorts at this price.. High chance of continuation of Bear hence I expect a (Price) DB on the Daily which is 108.430 ...

until then, stay green traders
  • #68,119
  • Aug 16, 2017 4:30am Aug 16, 2017 4:30am
USD/JPY has almost reached the resistance at 111.00. Let's see what effect the FOMC meeting minutes announcement today will have on the pair.
  • #68,120
  • Aug 16, 2017 6:01am Aug 16, 2017 6:01am
Looking to buy on pullback to 110.40-110.50 area
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