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USD/JPY Discussion

  • #69,261
  • Oct 5, 2017 10:03am Oct 5, 2017 10:03am
Quoting SunTrader
{quote} For last two weeks anyway the Yen has been STRENGTHENING.
not on USD/JPY
Don't Worry Be Happy
  • #69,262
  • Oct 5, 2017 10:15am Oct 5, 2017 10:15am
Won't be suprised if this attempts 112.80...that's where the bullish bias would be, imo.
  • #69,263
  • Oct 5, 2017 10:21am Oct 5, 2017 10:21am
Quoting MoneyFocus
Won't be suprised if this attempts 112.80...that's where the bullish bias would be, imo.
maybe it will get stuck at 112.7 today
Don't Worry Be Happy
  • #69,264
  • Oct 5, 2017 10:27am Oct 5, 2017 10:27am
Quoting MrPresident
{quote} maybe it will get stuck at 112.7 today

Come on mate, cross your fingers and believe, i have been told it can do wonders . And if not, seeing all the green data, stacking up USD this week, it would be amazing if it at least didnt close above 112.800 today. Make or break tomorrow with the NFP. BoL!
  • #69,265
  • Oct 5, 2017 10:43am Oct 5, 2017 10:43am
I closed my USD/JPY longs for a small profit.

Now I only have my CAD/JPY shorts @ 89.69...hopefully I can to close it off today as well.
  • #69,266
  • Oct 5, 2017 11:06am Oct 5, 2017 11:06am
Looks like were heading for yet another liquidity draw/stop hunt above 113. Fed is trying desperately to talk up USD "rate hikes" yada yada yada.

However DXY is above 50 day MA so there may be some room to run. Either way I don't care because I'm not taking a position one way or the other until this chopfest is over. However G/J has been great. Come on over. The water is smooth and trending.
  • #69,267
  • Edited 1:18pm Oct 5, 2017 11:50am | Edited 1:18pm
The shear amount of accumulation in Aug followed by the bear-trap in Sept suggests a build-up to higher pricing than where we're at now. Price-action on the lower time-frames also suggests accumulation with prices suddenly stalling and consolidating before major levels with quick mark-downs to collect stops along with some fast up-spikes in M1.

Also, the consensus for NFP is low due to the hurricanes so I wouldn't at all be surprised to see a sudden stop-run-fake-out followed by a rapid mark-up in UJ on a better than expected NFP tomorrow.
  • #69,268
  • Oct 5, 2017 4:47pm Oct 5, 2017 4:47pm
Quoting Nicholishen
{quote} Are you planning on holding through NFP?
Mate, just saw your question... 17:45 ESTDT.... It is 112.80 now . SL at 112.55 and no plans yet.

PA will show us .
Regards
  • #69,269
  • Oct 5, 2017 11:26pm Oct 5, 2017 11:26pm
Now 112.99 ..... SL at 112.85 .....

  • #69,270
  • Oct 5, 2017 11:51pm Oct 5, 2017 11:51pm
I like that 112..55 area for longs now...
Look Sharp/Trade Tight
  • #69,271
  • Oct 6, 2017 12:21am Oct 6, 2017 12:21am
Quoting Mr.yen
why Uj still no movement ... {image}
Needs a Viagra to 115
  • #69,272
  • Oct 6, 2017 1:03am Oct 6, 2017 1:03am
Trump just warned that canada is planning to invade the USYou guys still bullish on the dollar?

http://www.zerohedge.com/news/2017-1...its-calm-storm
Your friendly neighbourhood Sith
  • #69,273
  • Oct 6, 2017 1:18am Oct 6, 2017 1:18am
Quoting darthPip
Trump just warned that canada is planning to invade the USYou guys still bullish on the dollar? http://www.zerohedge.com/news/2017-1...its-calm-storm
Should we switch to being bullish on the CAD?
  • #69,274
  • Oct 6, 2017 2:18am Oct 6, 2017 2:18am
Quoting MoneyFocus
{quote} Should we switch to being bullish on the CAD?
If they win we will hand over Yellen to them in winnings.
Your friendly neighbourhood Sith
  • #69,275
  • Oct 6, 2017 2:23am Oct 6, 2017 2:23am
Quoting darthPip
{quote} If they win we will hand over Yellen to them in winnings.
Frankly, I have longs on CAD/CHF at 0.78073.

I used it as a hedge and got stuck.

UJ next target 113.23.
  • #69,276
  • Oct 6, 2017 3:02am Oct 6, 2017 3:02am
This was my drawing for D1 UsdJpy pair.
I am shorting it with my TP at the level of 127 on my demo account. :-)
SL at 114.60.

Can't wait to see what the market gives us, I am still learning. hehe

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.png Size: 114 KB
Trade Different
Multi 3000 All Time Pips: 23,606
  • #69,277
  • Oct 6, 2017 4:39am Oct 6, 2017 4:39am
Quoting TidalSurf
This was my drawing for D1 UsdJpy pair. I am shorting it with my TP at the level of 127 on my demo account. :-) SL at 114.60. Can't wait to see what the market gives us, I am still learning. hehe Regards {image}
Hi tidal. Don't mean to embarrass, but your fib expansion isn't drawn correctly. The third parameter for the tool should be C and not A. It helps to add the 0 level on tradingview since 0 always aligns with C.
  • #69,278
  • Oct 6, 2017 4:49am Oct 6, 2017 4:49am
Quoting Nicholishen
{quote} Hi tidal. Don't mean to embarrass, but your fib expansion isn't drawn correctly. The third parameter for the tool should be C and not A. It helps to add the 0 level on tradingview since 0 always aligns with C.
Whats your outlook for USD/JPY for today?
  • #69,279
  • Oct 6, 2017 4:52am Oct 6, 2017 4:52am
Quoting Nicholishen
{quote} Hi tidal. Don't mean to embarrass, but your fib expansion isn't drawn correctly. The third parameter for the tool should be C and not A. It helps to add the 0 level on tradingview since 0 always aligns with C.
Thanks for the correction Nicholishen. I am following the way Mr. Pip taught here https://www.forexfactory.com/showthread.php?t=402253

Or maybe I understood it wrongly haha. Anyway, thanks :-)
Trade Different
Multi 3000 All Time Pips: 23,606
  • #69,280
  • Oct 6, 2017 5:53am Oct 6, 2017 5:53am
Quoting MoneyFocus
{quote} Whats your outlook for USD/JPY for today?
Bullish. I think we'll settle in somewhere around 112.75-112.85 pre announcement. I think we could see a decent little stop run (last big green bar was 30 pips) and I think we could push close to 114 territory. I could also be very wrong lol
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