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USD/JPY Discussion

  • #69,061
  • Edited 11:31am Sep 26, 2017 11:09am | Edited 11:31am
Quoting NotAtrader
{quote} And if the tax cut report is a good news, then maybe 116.xx

'If' the tax bill passes then its a supremely good news.....116 might be too less in this scenario it might touch 125+ and dow will rush to 30K. But trump is unable to get anything done with the senate he has at hand.So it is a long shot and we will have to wait and watch.

Only thing he could get done was avoid a shutdown(but they manged to get it done to ensure govt has money)

EDIT:If that happens all hobby accounts will get wiped out because of shorts I have in place but I will save money on taxes year after year
Your friendly neighbourhood Sith
  • #69,062
  • Sep 26, 2017 11:29am Sep 26, 2017 11:29am
Quoting NagaMas
depend on what Yellen says, price might breach the 'red' main barrier for going up further. {image}

Me think its drop to 110 now

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 19 KB
  • #69,063
  • Edited Sep 27, 2017 4:39am Sep 26, 2017 11:34am | Edited Sep 27, 2017 4:39am
I think that Yellen's speech today will push UJ over the 50% retracement to about 113.1 before seeing a return to the 50 for a bit followed by another upthrust to 113.5.
Attached Image (click to enlarge)
Click to Enlarge Name: yen to push 113-1.png Size: 90 KB


Edit: Speech didn't quit have the umph... still eyeing these targets.
  • #69,064
  • Sep 26, 2017 12:33pm Sep 26, 2017 12:33pm
Quoting Nicholishen
I think that Yellen's speech today will push UJ over the 50% retracement to about 113.1 before seeing a return to the 50 for a bit followed by another upthrust to 133.5. {image} Edit: Speech didn't quit have the umph... still eyeing these targets.
I agree with you, although I am waiting for a breakout above 112.50 first.
  • #69,065
  • Edited 7:06pm Sep 26, 2017 6:14pm | Edited 7:06pm
Another Asian session (approaching), another dollar selloff?

Edit to add: Once again 112.46 is the number to watch

Edit to add: Potential bull trap unless 112.5XX/112.7XX are convincingly pierced. If so, up we go. If no, look out below...
  • #69,066
  • Sep 26, 2017 7:56pm Sep 26, 2017 7:56pm
Bull trap looking increasingly likely.
  • #69,067
  • Sep 26, 2017 8:01pm Sep 26, 2017 8:01pm
Quoting Mwfinad1211
Bull trap looking increasingly likely.
I was thinking exactly that but want to be sure...
  • #69,068
  • Sep 26, 2017 8:05pm Sep 26, 2017 8:05pm
Fakeouts to me as well

To take out stops on weaker shorts and trap bulls
Your friendly neighbourhood Sith
  • #69,069
  • Sep 26, 2017 8:36pm Sep 26, 2017 8:36pm
Monday and Tuesday candle formation provide me reason to hold the buy..

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot - 27_09_2017 , 8_32_32.png Size: 31 KB



and the red trendline will verify
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot - 27_09_2017 , 8_35_14.png Size: 37 KB
  • #69,070
  • Sep 26, 2017 8:38pm Sep 26, 2017 8:38pm
H&S painted after price is once again rejected from the high. Break below recent low near 112 will probably send price to atleast 111 if not significantly lower.

Inserted Video



Another Asian session another $ selloff. I feel like i'm watching a tradable set of reruns lol
  • #69,071
  • Sep 27, 2017 1:48am Sep 27, 2017 1:48am
Possible break for 117 damnnn A few pending buys 112.5
  • #69,072
  • Sep 27, 2017 2:19am Sep 27, 2017 2:19am
Quoting jusstin911
Possible break for 117 damnnn A few pending buys 112.5
Yeah, if it breaks 112.75, we may see 116 - 117

Cheers
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #69,073
  • Sep 27, 2017 2:35am Sep 27, 2017 2:35am
Quoting NotAtrader
{quote} Yeah, if it breaks 112.75, we may see 116 - 117 Cheers
IMHO not at this move.
H4 sell zone reached.
At least we must meet 107.5 again or visit old new LL @105.5
Forcemeat can not be unrolled back...
  • #69,074
  • Sep 27, 2017 2:40am Sep 27, 2017 2:40am
Quoting NotAtrader
{quote} Yeah, if it breaks 112.75, we may see 116 - 117 Cheers
Snatched a tiny buy .. minimum target for today 113.18
  • #69,075
  • Sep 27, 2017 3:08am Sep 27, 2017 3:08am
We have a breath @107.5 level and we have about 800 pips distance from it.. Good enought for shorts.
I close my longs and shorting now.
Forcemeat can not be unrolled back...
  • #69,076
  • Sep 27, 2017 4:06am Sep 27, 2017 4:06am
It is true 113.00 is sell zone. But I want to see PA to confirm that. Resistance/ support always can be broken.
Intraday only.
  • #69,077
  • Sep 27, 2017 4:41am Sep 27, 2017 4:41am
Quoting navk
It is true 113.00 is sell zone. But I want to see PA to confirm that. Resistance/ support always can be broken.
Perhaps 112.93 is the top. It looks like it is stagnating there.
I will probably move my sell orders.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #69,078
  • Sep 27, 2017 4:51am Sep 27, 2017 4:51am
It is stagnating near resistance zone. Reversal can happen after break of resistance too. Very rarely it reverses without touching round number.
Intraday only.
  • #69,079
  • Sep 27, 2017 4:58am Sep 27, 2017 4:58am
Quoting navk
It is stagnating near resistance zone. Reversal can happen after break of resistance too. Very rarely it reverses without touching round number.
There she goes down
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #69,080
  • Sep 27, 2017 5:00am Sep 27, 2017 5:00am
Quoting navk
It is stagnating near resistance zone. Reversal can happen after break of resistance too. Very rarely it reverses without touching round number.
The problem here is that US Dollar already touched a round number (93.30) and it goes down now.

Let's see what happens later. News, Trump's taxes, NK and so on.

Cheers
No username yet? You are on my ignore list. Fuck off and do not quote me!
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