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USD/JPY Discussion

  • #69,961
  • Oct 16, 2017 9:03pm Oct 16, 2017 9:03pm
Waiting for wave 2 to complete still:
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  • #69,962
  • Oct 16, 2017 9:05pm Oct 16, 2017 9:05pm
Quoting Nicholishen
{quote} That shift happened so fast the Market makers hadn't had time to accumulate for the next big move... You see how they pushed it up just enough to sell to the breakout traders? I'll bet you they bring it all the way back down to stop them out so they can get long on the cheap. If/when that happens it is a good sign of bulls to come.
Normally id probably agree, the time and sales feed is still majority red, heavy selling, i see very little buying, this trend is tricky,

I think that 112.0 hardens and becomes support, might take a few times. then its to 112.8 back to 112.5 then its on, all the way up, with a pause at 114.5 area then one more leg up to 115.495. it should fail 115.5 and make a higher double top. go to 115.5 and look left you cant miss it, that should be the sweet spot, there is a lot of stops between here and 114.5., If they bottom it out again the amount of buy trades goes up significantly. its cheaper to fake a pullback and carry that then give a clean opportunity for the ride north.
  • #69,963
  • Oct 16, 2017 9:16pm Oct 16, 2017 9:16pm
Quote
the time and sales feed is still majority red, heavy selling, i see very little buying
Cha-ching! "Heavy selling". Who's buying? The Market Makers. They know what's up. Right now it looks like it's holding support at the daily PP... There will be a ton of stops under it... bet you they also get wiped out. These are the games you look for when you try and figure out what the MMs are up to. This price action looks like they're getting long to me.

Quoting SunTrader
Waiting for wave 2 to complete still: {image}
109, huh?
  • #69,964
  • Oct 16, 2017 9:24pm Oct 16, 2017 9:24pm
Quoting nealpek
I caught the move this morning, we'll see what happens... looking for 114 area,lol {image}
I'm Bid 111.84
  • #69,965
  • Oct 16, 2017 9:26pm Oct 16, 2017 9:26pm
I'm going to add to my position above 112.20 area if it gets there!
  • #69,966
  • Oct 16, 2017 9:37pm Oct 16, 2017 9:37pm
Quoting Nicholishen
{quote} Cha-ching! "Heavy selling". Who's buying? The Market Makers. They know what's up. Right now it looks like it's holding support at the daily PP... There will be a ton of stops under it... bet you they also get wiped out. These are the games you look for when you try and figure out what the MMs are up to. This price action looks like they're getting long to me. {quote} 109, huh?
Thats what i've learned,look out for that games, its typically the oppsite of what price action shows on the charts. retail traders are predectable with the stops. if you had the information and capital to take the other side of someones trade and have enough capital to make the market move where you wanted to. would you use it for profit. WHO WOULDENT, especially if you have to have a fenominal pnl at the end of the year.
  • #69,967
  • Edited 9:52pm Oct 16, 2017 9:40pm | Edited 9:52pm
Quoting 4xjunkie
{quote} Thats what i've learned,look out for that games, its typically the oppsite of what price action shows on the charts. retail traders are predectable with the stops. if you had the information and capital to take the other side of someones trade and have enough capital to make the market move where you wanted to. would you use it for profit. WHO WOULDENT, especially if you have to have a fenominal pnl at the end of the year.
This video (sort of) explains everything we're seeing right now.
Inserted Video
  • #69,968
  • Oct 16, 2017 10:03pm Oct 16, 2017 10:03pm
Quoting Nicholishen
{quote} This video (sort of) explains everything we're seeing right now. https://www.youtube.com/watch?v=nSsCcf6Xk6w
Thats how it works like it or not they are driving the boat, we just have to figure out where they are going, This guy confirmed what i was thinking.

Inserted Video


I would highly encourage everyone to watch his videos.
  • #69,969
  • Oct 16, 2017 10:05pm Oct 16, 2017 10:05pm
meanwhile spec-op units with speciality in 'decapitating' leadership are on prowl in korea.This might not be a bluff.

http://www.businessinsider.com/us-na...chigan-2017-10

still long? think again?
Your friendly neighbourhood Sith
  • #69,970
  • Oct 16, 2017 10:25pm Oct 16, 2017 10:25pm
Quoting darthPip
meanwhile spec-op units with speciality in 'decapitating' leadership are on prowl in korea.This might not be a bluff. http://www.businessinsider.com/us-na...chigan-2017-10 still long? think again?
yes I am, I will change my bias, nothing new has happened yet? there still building the chess board.
  • #69,971
  • Oct 16, 2017 11:12pm Oct 16, 2017 11:12pm
Quoting 4xjunkie
{quote} yes I am, I will change my bias, nothing new has happened yet? there still building the chess board.
Not quite enough new structure but if I had to pick a bias at gun point, I'd choose long.
Here's Tom with the weather.
  • #69,972
  • Oct 16, 2017 11:43pm Oct 16, 2017 11:43pm
Sentiment update.
The trade id 4xjunkie long to 115.495 darth pip short to 107.5 first strike wins.

4xjunkie,ohlc,nagamas,and Nicholishen,csc2009 are in the green camp

darthpip,nagamas,Mr.yen,SckT, catroot,pipqueen18 are the red camp.

mwfinad1211 is out for now.
moneyfocus is ready to go both ways.

anyone wants in or change there mind, just say what camp you want to be in and i will update it. it just for fun.
  • #69,973
  • Oct 16, 2017 11:46pm Oct 16, 2017 11:46pm
hope to meet 112.550

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  • #69,974
  • Oct 16, 2017 11:47pm Oct 16, 2017 11:47pm
Quoting 4xjunkie
Sentiment update. The trade id 4xjunkie long to 115.495 darth pip short to 107.5 first strike wins. 4xjunkie,ohlc,nagamas,and Nicholishen,csc2009 are in the green camp darthpip,nagamas,Mr.yen,SckT, catroot,pipqueen18 are the red camp. mwfinad1211 is out for now. moneyfocus is ready to go both ways. anyone wants in or change there mind, just say what camp you want to be in and i will update it. it just for fun.
mate, I resigned. I'm not in Red Party anymore
  • #69,975
  • Oct 17, 2017 12:03am Oct 17, 2017 12:03am
Still thinking that the bears need to take out 111.46 to get some mo going, but they have had the ball mostly on the 4hr lately. That said, what the hell is talking them so long? Anyway, think I'll try fading into 112.63/112.87 and/or 111.56 again today....
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Look Sharp/Trade Tight
  • #69,976
  • Oct 17, 2017 12:20am Oct 17, 2017 12:20am
Quoting PayTheLimit
Still thinking that the bears need to take out 111.46 to get some mo going, but they have had the ball mostly on the 4hr lately. That said, what the hell is talking them so long? Anyway, think I'll try fading into 112.63/112.87 and/or 111.56 again today.... {image}
the piercing line pullbacked from 261 days ( yearly) moving average. Quite convincing to take bullish position..

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  • #69,977
  • Oct 17, 2017 12:20am Oct 17, 2017 12:20am
Quoting PayTheLimit
Still thinking that the bears need to take out 111.46 to get some mo going, but they have had the ball mostly on the 4hr lately. That said, what the hell is talking them so long? Anyway, think I'll try fading into 112.63/112.87 and/or 111.56 again today.... {image}
Dont miss the forest for the trees man ,,,,,,,may be a reason the bears are taking a while ,,,,,,,,,,,,,above daily 200, above monthly price average ,breaks out of that big ole wedge and gets a sniff above quarterly open probably wont be many bears before last quarters high,, just an observation ,
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  • #69,978
  • Oct 17, 2017 12:27am Oct 17, 2017 12:27am
Quoting NagaMas
hope to meet 112.550 {image}
If this thing is going to pop like we think it will then that play (support) at the PP is most likely a lure for longs. I think (I could be wrong) that they're going to run UJ down through the PP and buy up a bunch of stops.
  • #69,979
  • Oct 17, 2017 12:30am Oct 17, 2017 12:30am
Quoting digger1
{quote} Dont miss the forest for the trees man ,,,,,,,may be a reason the bears are taking a while ,,,,,,,,,,,,,above daily 200, above monthly price average ,breaks out of that big ole wedge and gets a sniff above quarterly open probably wont be many bears before last quarters high,, just an observation , {image}
that's a pretty big forest bro, but I suspect I'll join your cause with some sort of HH on the 4hr....
Look Sharp/Trade Tight
  • #69,980
  • Oct 17, 2017 12:35am Oct 17, 2017 12:35am
Quoting PayTheLimit
{quote} that's a pretty big forest bro, but I suspect I'll join your cause with a HH on the 4hr...
Go big or go home lol,,,,, got a couple good months before the holidays hit ,,,,,, summer vacations over,, all big shots present to get books squared , a little money made for some clients so they keep clients etc etc ,, buckle up ,,ha
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