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USD/JPY Discussion

  • #68,621
  • Sep 10, 2017 8:51pm Sep 10, 2017 8:51pm
There is chance of gap fill, no confirmation yet
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  • #68,622
  • Sep 10, 2017 11:40pm Sep 10, 2017 11:40pm
React on North Korea did not launch any missile on the weekend, Usd/Jpy has a gap up in H4 chart.
  • #68,623
  • Sep 11, 2017 12:05am Sep 11, 2017 12:05am
By my system, sellers are much favoured technically. Any northward move, imho, is likely to be corrective; offering a good opportunity to short at an area of value.

Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #68,624
  • Sep 11, 2017 12:08am Sep 11, 2017 12:08am
Quoting KeenPips
By my system, sellers are much favoured technically. Any northward move, imho, is likely to be corrective; offering a good opportunity to short at an area of value. Trade safe and prosper. KP
Agreed, and what we have now may be all the correction we get. I've scaled in a short and will continue as it becomes clearer
Its all just one persons opinion
  • #68,625
  • Sep 11, 2017 12:27am Sep 11, 2017 12:27am
Quoting axecap
{quote} Agreed, and what we have now may be all the correction we get. I've scaled in a short and will continue as it becomes clearer
Good approach mate provided you have a good sl location. I am not yet entering the market.

Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #68,626
  • Sep 11, 2017 12:31am Sep 11, 2017 12:31am
I am a swing trader.

KP

Quoting KeenPips
{quote}... I am not yet entering the market. Trade safe and prosper. KP
Do your homework, follow the footprints of smart money
  • #68,627
  • Sep 11, 2017 12:40am Sep 11, 2017 12:40am
This is interesting....but I'm hoping it doesn't retrace quiet that far ....

http://www.tradingfloor.com/posts/sh...sts_trade_view
Its all just one persons opinion
  • #68,628
  • Sep 11, 2017 1:31am Sep 11, 2017 1:31am
two spots I'll try shorts this week....
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Look Sharp/Trade Tight
  • #68,629
  • Sep 11, 2017 3:01am Sep 11, 2017 3:01am
Quoting NagaMas
UJ M30. the plan for incoming market. {image}
update..

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  • #68,630
  • Sep 11, 2017 6:38am Sep 11, 2017 6:38am
Quoting fxwinnerz
There is chance of gap fill, no confirmation yet {image}
Forget it.

For example, now, no one talks about the Eur/Usd gap in April 2017.
Gone to a better place
  • #68,631
  • Sep 11, 2017 6:42am Sep 11, 2017 6:42am
I just see there is cleary PIN BAR at last week before, so just buy
  • #68,632
  • Sep 11, 2017 7:00am Sep 11, 2017 7:00am
TLB setup

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  • #68,633
  • Sep 11, 2017 7:08am Sep 11, 2017 7:08am
Quoting PayTheLimit
two spots I'll try shorts this week.... {image}
I'd be interested to learn why you choose those numbers? I have 108.58 (fib) and 108.79 (June low).
Gone to a better place
  • #68,634
  • Sep 11, 2017 7:51am Sep 11, 2017 7:51am
Went short at 108.8, logic here is that it's been key support for a while.

I'm hoping at least for a gap fill, potentially 107.
  • #68,635
  • Sep 11, 2017 8:26am Sep 11, 2017 8:26am
Quoting Starcraftmaz
Went short at 108.8, logic here is that it's been key support for a while. I'm hoping at least for a gap fill, potentially 107.
This rally is just because of Irma and North Korea being quiet today. I suppose the down trend will resume soon.

Cheers
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #68,636
  • Sep 11, 2017 8:31am Sep 11, 2017 8:31am
I agree, the main trend is down. Maybe we see 109,50, but in afe days we will see lower prices.
  • #68,637
  • Sep 11, 2017 8:49am Sep 11, 2017 8:49am
Undecided at the moment, what are you thoughts, guys?
  • #68,638
  • Sep 11, 2017 8:52am Sep 11, 2017 8:52am
Quoting arigoldman
Undecided at the moment, what are you thoughts, guys?
Keeping me up, but I'm firm on the short for now. Alternatively could fill last week's gap and then go down (that would be hilarious as well).

Quoting NotAtrader
{quote} This rally is just because of Irma and North Korea being quiet today. I suppose the down trend will resume soon. Cheers
I was thinking the same about the gap in the morning, NK didn't do anything for their holiday and Irma was overhyped, so a bit of a relief USD rally. Question is, how long will it last.
  • #68,639
  • Sep 11, 2017 9:42am Sep 11, 2017 9:42am
Quoting smikester
{quote} I'd be interested to learn why you choose those numbers? I have 108.58 (fib) and 108.79 (June low).
I would prefer not to for two reasons. First, the method is highly discretionary, in that I use a fair amount of "eyeing it" to choose a level. Secondly, I believe that the method is rather unusual, and have spent a fair amount of time developing it.

I have for a long time used more traditional levels, ie, closes, opens, fibs, quarters, etc. However I was not very happy with the R/R I was getting, nor with the number of levels produced per pair, and sought to improve them. I wanted to find levels that allowed for very tight stops, no more the 15 pips, and find levels that where more scarce, cutting down the number of prospective trades. What I can say is that these levels are PA and pattern based generated, whilst using a fair amount of guessing, or choosing where to lay your money down.

short right now at 108.86, risking 12 pips, trying for 108.36.

Hope you can appreciate my response, PTL....
Look Sharp/Trade Tight
  • #68,640
  • Sep 11, 2017 9:49am Sep 11, 2017 9:49am
Quoting smikester
{quote} I'd be interested to learn why you choose those numbers? I have 108.58 (fib) and 108.79 (June low).
I'm not PTL, but those areas are intraday S/R zones. What I refer to as 'minor' S/R zones in my system because the major ones are from the weekly and monthly tfs.

Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
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