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USD/JPY Discussion

  • #69,101
  • Sep 27, 2017 3:59pm Sep 27, 2017 3:59pm
Quoting Mwfinad1211
Objectively flat and neutral. Subjectively I suspect next move is down and with size. U/J struggling even with tax plan news, Yellen, and Brainard and failing to hold above 112.90 let alone over 113. I suspect there are very large sellers in the market keeping Longer TF bearline in tact and selling as much position as they can get filled here. My (nonobjective) 2 cents
the only time UJ drops is when Trump and Kim lock horns... and then it is quickly bought up again... until there is WAR i doubt UJ will drop
  • #69,102
  • Sep 27, 2017 5:06pm Sep 27, 2017 5:06pm
I am of the opinion that the next big move will be downward. though not sure anyway.
  • #69,103
  • Edited 7:06pm Sep 27, 2017 6:20pm | Edited 7:06pm
H&S painted on lower time frame. H&S potentially forming on higher time frames.

Edit to add: Time for more reruns? Another Asian session, another $ selloff? If so the accumulated bullish stops should make for some good action.
  • #69,104
  • Sep 27, 2017 7:13pm Sep 27, 2017 7:13pm
Lol what took 5 hours to go up, takes 15 minutes to go down.
  • #69,105
  • Sep 27, 2017 7:33pm Sep 27, 2017 7:33pm
The past 8 hours it has been going mostly ... sideways.
  • #69,106
  • Edited 9:08pm Sep 27, 2017 7:51pm | Edited 9:08pm
Quoting SunTrader
The past 8 hours it has been going mostly ... sideways.
Geez SunTrader you always have to rain on my parade. But to be fair, you are mostly correct. Atleast I'm not blaming central banks though right?

Edit to add: Failure to break 112.90 reinforcing bearish leanings.

Edit to add: Shorting all rallies from here until price confirms break above 113. Ba Ba Ba Ba Bears, I'm lovin it!

Edit to add: If it breaks 113 I won't be lovin it very much , but still shorting @ rallies
  • #69,107
  • Edited 10:00pm Sep 27, 2017 9:49pm | Edited 10:00pm
IMHO, the bias still bullish.

But I might take position depend on which SR bar will be broken and tested..

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  • #69,108
  • Edited 10:53pm Sep 27, 2017 10:24pm | Edited 10:53pm
Important levels still unbroken. Shorts still valid.

Edit to add: Out. With a loss. Flat again. Looking for break of 113.319 to go long.

Probably looking at a retracement to hit stops below 112.9XX for liquidity before further move up.
  • #69,109
  • Sep 27, 2017 10:55pm Sep 27, 2017 10:55pm
Quoting Mwfinad1211
Important levels still unbroken. Shorts still valid. Edit to add: Out. With a loss. Flat again. Looking for break of 113.319 to go long.
that's a pity. It's ranging still, so we need to give wider space to move. 113.260 would be good for the SL if you see a indication of bearish.
  • #69,110
  • Sep 27, 2017 10:59pm Sep 27, 2017 10:59pm
Quoting NagaMas
{quote} that's a pity. It's ranging still, so we need to give wider space to move. 113.260 would be good for the SL if you see a indication of bearish.
Indeed. Still I picked stop for risk management purposes. Pos Size required tighter stop. Lesson learned. Smaller size, larger stop. Its ok. Losses happen. As long as they are managable size I don't really mind being wrong. I'll live to trade again.
  • #69,111
  • Sep 28, 2017 1:11am Sep 28, 2017 1:11am
In 20 min Governor K. speaks. I don't know what he has in his mind to say.....BUT I will be a seller at 112.92 ON STOP.

  • #69,112
  • Sep 28, 2017 2:10am Sep 28, 2017 2:10am
Well.... Governor Kuroda ...it s apparent you didn't say anything exiting. . . market is bored to death......

BUT my orders are still in place......
  • #69,113
  • Sep 28, 2017 2:28am Sep 28, 2017 2:28am
DONE.


Thank you Governor
  • #69,114
  • Sep 28, 2017 2:29am Sep 28, 2017 2:29am
U/J looks like an extremely strong sell from here. Short. Stop above 113.299. 113.25 looks pretty darn impregnable.
  • #69,115
  • Sep 28, 2017 3:05am Sep 28, 2017 3:05am
I see some bears activity, but expect touching 113.5(7) level. The price must break the 113.6 level at least for a little.
Hourly tf shows powerfull suport. 113.2 sold with weak impulse. Awaiting final head draw.
Forcemeat can not be unrolled back...
  • #69,116
  • Sep 28, 2017 5:23am Sep 28, 2017 5:23am
There is a double top at 113.20 - 113.25. I think that is a signal for a future deeper correction to 112.00 at least, maybe even 111.50.
  • #69,117
  • Sep 28, 2017 7:37am Sep 28, 2017 7:37am
I hear a rather plump lady singing for the bulls...
  • #69,118
  • Sep 28, 2017 8:57am Sep 28, 2017 8:57am
I am staying away from this pair these days. No extremes reached and is more in a range than in a trend. Stay safe.
  • #69,119
  • Sep 28, 2017 9:29am Sep 28, 2017 9:29am
i think that it is going to 113.5 and then 114

it easily closed above 112.7 on the daily chart and went to 113.2, so there is likely going to be another push up
Don't Worry Be Happy
  • #69,120
  • Sep 28, 2017 2:33pm Sep 28, 2017 2:33pm
Now 112.43 SL on shorts at 112.49
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