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USD/JPY Discussion

  • #69,521
  • Oct 10, 2017 9:46am Oct 10, 2017 9:46am
What? Was there another fart from NK? Everyone check with Pravda. Because it can't be just from more good old fashion selling when a level is breached now can it? LOL
  • #69,522
  • Oct 10, 2017 9:57am Oct 10, 2017 9:57am
Quoting Dapsychopath
shorted. target 108.2 perhaps with this bunch of news, next week will be a lot of thrill. not gonna miss this one
Holding it still. Seems approaching my target there. Anyway, holding onto it.
  • #69,523
  • Oct 10, 2017 10:23am Oct 10, 2017 10:23am
I would be very cautious as a bear at this point. For the unfamiliar, UJ has been trading perfectly off the weekly Fibonacci pivot points and is holding S2 after taking out some important levels: 112.00 and the 23.6% retracement from this latest bull-run.
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  • #69,524
  • Oct 10, 2017 11:10am Oct 10, 2017 11:10am
Quoting Nicholishen
I would be very cautious as a bear at this point. For the unfamiliar, UJ has been trading perfectly off the weekly Fibonacci pivot points and is holding S2 after taking out some important levels: 112.00 and the 23.6% retracement from this latest bull-run. {image}


You're probably right Nicholishen, because the impact of the options expiring was far less than I expected unless the NORKs do something stupid like accidentally shoot the SO. KOR's ambassador. However I'm still of the mind that this pair is still headed down towards the last greatest support area (111.50-111.70). Also my indicators are showing the same.


Sadly this is also forex, and you could be proven wrong in a blink of an eye and the market will gauge yours in the process. So if someone can disprove my position I invite you to. a good dialectic helps everyone especially the new guy.


-Some New Guy
  • #69,525
  • Oct 10, 2017 11:36am Oct 10, 2017 11:36am
Quoting Totsky
{quote} You're probably right Nicholishen, because the impact of the options expiring was far less than I expected unless the NORKs do something stupid like accidentally shoot the SO. KOR's ambassador. However I'm still of the mind that this pair is still headed down towards the last greatest support area (111.50-111.70). Also my indicators are showing the same. Sadly this is also forex, and you could be proven wrong in a blink of an eye and the market will gauge yours in the process. So if someone can disprove my position I invite you to. a good...
I wouldn't be too concerned unless you watch 1 minute charts, especially one from someone who curiously has it set 6 hours ahead of where they say they trade from.
  • #69,526
  • Oct 10, 2017 12:28pm Oct 10, 2017 12:28pm
I'm in the UK
the British are the best traders in the world...
but I set my time zone different for a daily close before 12gmt which also works well I get a pretty much even 5 days no Sunday candle

Quoting SunTrader
{quote} I wouldn't be too concerned unless you watch 1 minute charts, especially one from someone who curiously has it set 6 hours ahead of where they say they trade from.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #69,527
  • Oct 10, 2017 12:36pm Oct 10, 2017 12:36pm
Quoting Bones
I'm in the UK the British are the best traders in the world... but I set my time zone different for a daily close before 12gmt which also works well I get a pretty much even 5 days no Sunday candle
That makes perfect sense. The part about you setting your chart time to have 5 even days, not about the British lol being the best traders. Funny guy.
  • #69,528
  • Oct 10, 2017 12:40pm Oct 10, 2017 12:40pm
Quoting SunTrader
{quote} I wouldn't be too concerned unless you watch 1 minute charts, especially one from someone who curiously has it set 6 hours ahead of where they say they trade from.
Said the troll who doesn't even know how to use chart studies. Lol.
  • #69,529
  • Oct 10, 2017 1:25pm Oct 10, 2017 1:25pm
Quoting Nicholishen
{quote} Said the troll who doesn't even know how to use chart studies. Lol.
I do know I am in Florida and my chart is set to ........... duh Florida EDT time, which just likes Bones give me 5 even equal trading days per week. So either you are NOT in Florida or you don't know how to set your chart time correctly. Which is it genius?
  • #69,530
  • Edited 2:10pm Oct 10, 2017 1:57pm | Edited 2:10pm
Quoting SunTrader
{quote} I do know I am in Florida and my chart is set to ........... duh Florida EDT time, which just likes Bones give me 5 even equal trading days per week. So either you are NOT in Florida or you don't know how to set your chart time correctly. Which is it genius?
First-off, professional forex traders use UTC charts. The pros use UTC because they know that all the other pros are looking at UTC charts. Only retail plebeians trade from EDT. Next, time-zone has absolutely nothing to with weekly pivots since those are calculated from... you ready for this... weekly HLC...pewww...mind blowing stuff huh? Oh here's another tip for you... pivot points don't change by switching time-frames. "What???", you're probably saying to yourself right now... yeah they don't change.

I have the utmost respect for the mentally-challenged so please take no offense, but in order to satisfy my curiosity, which center for Autism told you the real-world gives out participation-metals for charts like this?

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I honestly can't tell if you get your rocks off by coming here to troll or you're really under the impression that your TA is quality. God I hope it isn't the latter.
  • #69,531
  • Oct 10, 2017 1:59pm Oct 10, 2017 1:59pm
Missed the main part of today's move , but look - another chance
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  • #69,532
  • Oct 10, 2017 2:20pm Oct 10, 2017 2:20pm
lol I normally use that line on my German friends

Quoting SunTrader
{quote} That makes perfect sense. The part about you setting your chart time to have 5 even days, not about the British lol being the best traders. Funny guy.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #69,533
  • Oct 10, 2017 2:54pm Oct 10, 2017 2:54pm
Quoting Nicholishen
{quote} First-off, professional forex traders use UTC charts.
When all else fails talk of what pro's do as if you know and if then fails as well pull out the troll card.
  • #69,534
  • Oct 10, 2017 2:56pm Oct 10, 2017 2:56pm
Quoting Bones
lol I normally use that line on my German friends {quote}


All in good fun because obviously good and bad traders are everywhere.
  • #69,535
  • Oct 10, 2017 3:03pm Oct 10, 2017 3:03pm
Quoting SunTrader
{quote} When all else fails talk of what pro's do as if you know and if then fails as well pull out the troll card.
Yes or no. Do you think this is how these chart studies are supposed to be used?
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  • #69,536
  • Oct 10, 2017 3:06pm Oct 10, 2017 3:06pm
Quoting Nicholishen
{quote} Yes or no. Do you think this is how these chart studies are supposed to be used? {image}
Are you really that anal retentive believing that there is only one and only one way to use TA? Yes or no?
  • #69,537
  • Oct 10, 2017 3:14pm Oct 10, 2017 3:14pm
Quoting SunTrader
{quote} Are you really that anal retentive believing that there is only one and only one way to use TA? Yes or no?
There are some right ways to use retracements are there are some definite wrong ways to use them, and you my friend have demonstrated perfectly how it shouldn't be done. Hint: Retracement studies connect swings (extrema) not random places on the chart.
  • #69,538
  • Oct 10, 2017 3:16pm Oct 10, 2017 3:16pm
Quoting Nicholishen
{quote} There are some right ways to use retracements are there are some definite wrong way to use them, and you my friend have demonstrated perfectly how it shouldn't be done. Hint: Retracement studies connect swings (extremums) not random places on the chart.
So to my question the answer is yes huh?
  • #69,539
  • Edited 7:14pm Oct 10, 2017 3:26pm | Edited 7:14pm
Quoting SunTrader
{quote} So to my question the answer is yes huh?
Obviously you don't know how to use the tools in your toolbox. It's like you're trying to fasten a 16mm nut with a 9/16 socket while turning it with a pair of needle-nose pliers. Don't you think you should learn how your tools work before you try and give others advice?
  • #69,540
  • Oct 10, 2017 3:34pm Oct 10, 2017 3:34pm
I think 120 should be tested some time during 2018
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