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USD/JPY Discussion

  • #68,301
  • Aug 22, 2017 8:10pm Aug 22, 2017 8:10pm
Quoting Trendzalore
My idea is short 109.80 with SL 110.35 and TP 107.10
Scalp longs for pennies or enter short to make dollars?

I could be wrong but I think this is the decision area now. Either 111 or finally potential to head down
  • #68,302
  • Aug 22, 2017 10:20pm Aug 22, 2017 10:20pm
Quoting alon2kelakon
{quote} allready close my big big big lot LOL........ OP@open candle engulfing candle @friday, . because just find out that my broker spead for usd/jpy is 5 pips... better search for a new broker....
wakakakakaq
  • #68,303
  • Edited 10:56pm Aug 22, 2017 10:38pm | Edited 10:56pm
Quoting danc
{quote} pens what you look at .. my opnion and your may be quite diffrent..?? dont you think
danc, this could be another misunderstanding this thread has today.. I grunted on my site internet connection in 'byar-pet' (on/off) condition. Sorry to post it under you posting.
  • #68,304
  • Edited 2:55am Aug 23, 2017 2:07am | Edited 2:55am
$Y (m30)

As I see it ...
... the 4th one could drop down to 108.80 and ...




P.S.
... then return to 109.90 with the 5th wave
Attached Image (click to enlarge)
Click to Enlarge Name: $Y (m30).png Size: 80 KB
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #68,305
  • Aug 23, 2017 2:23am Aug 23, 2017 2:23am
Quoting mag00
$Y (m30) As I see it ... ... the 4th one could drop down to 108.80 and ... P.S. ... then return to 109.90 with the 5th wave {image}
I agree with your statement that the price can reach the level of support of 108.80. This will be a logical formation of the figure, despite the fact that now we are seeing an upward trend with correction.
To be honest, I know little about the wave method. But, how can the correctional wave 4 be greater than the main wave 3?
  • #68,306
  • Aug 23, 2017 2:52am Aug 23, 2017 2:52am
Quoting NagaMas
{quote} danc, this could be another misunderstanding this thread has today.. I grunted on my site internet connection in 'byar-pet' (on/off) condition. Sorry to post it under you posting.
No probs..X
  • #68,307
  • Aug 23, 2017 2:52am Aug 23, 2017 2:52am
Quoting Barrg1
{quote} I agree with your statement that the price can reach the level of support of 108.80. This will be a logical formation of the figure, despite the fact that now we are seeing an upward trend with correction. To be honest, I know little about the wave method. But, how can the correctional wave 4 be greater than the main wave 3?
Ews indicate the technical possibility but it is always the market (with correlations) to decide ...

... I was thinking of the ... segment joining point 1 to point 3: its height would confirm the maximum of 5th wave if added to point 4 ...


P.S.
If so (I do not have the crystall ball), the wave 5 would start very low (without exceeding the previous minimum)
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #68,308
  • Aug 23, 2017 2:55am Aug 23, 2017 2:55am
short here.. 1 min hope i rite..closed my trade took this ozz morn for sum good points..
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  • #68,309
  • Aug 23, 2017 2:56am Aug 23, 2017 2:56am
short again at48
  • #68,310
  • Aug 23, 2017 3:07am Aug 23, 2017 3:07am
i out now with some GOOD points..1 min chart.. gone finish gotta get my dinner ready
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  • #68,311
  • Aug 23, 2017 3:09am Aug 23, 2017 3:09am
dunno whats happened here?? i thought i was posting on DAX thread..SORRY
  • #68,312
  • Aug 23, 2017 4:18am Aug 23, 2017 4:18am
Quoting alon2kelakon
{quote} allready close my big big big lot LOL........ OP@open candle engulfing candle @friday, . because just find out that my broker spead for usd/jpy is 5 pips... better search for a new broker....

Please let me know if you find a reliable broker with lowest spread. Currently I am using FxPro and spread for USDJPY is 15-23 pips.
.................
  • #68,313
  • Aug 23, 2017 5:09am Aug 23, 2017 5:09am
USD/JPY pulled back from 109.80 and for the moment is at the support at 109.30. I think the drop will continue at least to 109.00.
  • #68,314
  • Aug 23, 2017 5:20am Aug 23, 2017 5:20am
When
it is stagnant as stone
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #68,315
  • Aug 23, 2017 5:25am Aug 23, 2017 5:25am
Quoting KashifNawaz
{quote} Please let me know if you find a reliable broker with lowest spread. Currently I am using FxPro and spread for USDJPY is 15-23 pips.
I have 33 right now at Fortfs so i think you already have a good one. What is spread for eur/usd. For me it is 4 right now (5 decimals).
  • #68,316
  • Aug 23, 2017 5:31am Aug 23, 2017 5:31am
FreshForex, USDJPY spread 109.390 - 109.393
  • #68,317
  • Aug 23, 2017 5:41am Aug 23, 2017 5:41am
Quoting KashifNawaz
{quote} Please let me know if you find a reliable broker with lowest spread. Currently I am using FxPro and spread for USDJPY is 15-23 pips.
Hey KashifNawaz,

I think there are better spreads but ...



P.S.
... take a look ...
Attached Image (click to enlarge)
Click to Enlarge Name: take a look.png Size: 136 KB
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #68,318
  • Aug 23, 2017 6:25am Aug 23, 2017 6:25am
Seems my comments are falling on deaf ears so I will leave with this advice. I repeat, if you trade in 109.27 to 109.84 area you are trading in chop. You will get stopped out both ways unless you are scalping at those points.


Break of 109.84 to the upside is the ONLY time you should be considering buying. Even then I would not because there is chop above that.

Below 108.74 is minimum 200 pips that can be had very very fast if it breaks again with conviction.

I shorted at 109.80 which is 4 points off what I considered the cap which I have been saying all along and price went to 109.82 and reversed. My stop loss is at break even now as i dont expect price to go back to that area unless there is a washout spike after jackson hole tonight or news this morning. I hopefully will be getting about 270 pips from this trade pretty soon.

Trading in choppy area mostly results in loss guys. of course I could be totally 100% wrong. But thats just my two cents. Green pips to you all.
  • #68,319
  • Aug 23, 2017 6:35am Aug 23, 2017 6:35am
Quoting Johankort
{quote} I have 33 right now at Fortfs so i think you already have a good one. What is spread for eur/usd. For me it is 4 right now (5 decimals).
EUR/USD
Minimum 8 Maximum 17
.................
  • #68,320
  • Aug 23, 2017 6:37am Aug 23, 2017 6:37am
Quoting mag00
{quote} Hey KashifNawaz, I think there are better spreads but ... P.S. ... take a look ... {image}

Thanks Mag,

broker should be reliable as well with lowest spread. What's your choice?
.................
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