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USD/JPY Discussion

  • #70,121
  • Oct 18, 2017 12:21am Oct 18, 2017 12:21am
we might be on the presapus of a move here, uj is finally acing here age, ej and gj are all wedged down 4h charts.
  • #70,122
  • Oct 18, 2017 12:23am Oct 18, 2017 12:23am
Quoting 4xjunkie
we might be on the presapus of a move here, uj is finally acing here age, ej and gj are all wedged down 4h charts.
I have a short on both GBPJPY, EURJPY.
Here's Tom with the weather.
  • #70,123
  • Oct 18, 2017 12:24am Oct 18, 2017 12:24am
Quoting OHLC
{quote} I have a short on both GBPJPY, EURJPY.
I beg to differ, all 3 yen pairs look like buys at the moment, and if USD/JPY is strong enough, it can pull the other two up as well.
  • #70,124
  • Oct 18, 2017 12:25am Oct 18, 2017 12:25am
small R at 112.40 it seems, hopefully we clear that early and see some movement to the upside...
Look Sharp/Trade Tight
  • #70,125
  • Oct 18, 2017 12:28am Oct 18, 2017 12:28am
Took a bit of heat, but kept my longs from this morning. Not quite sure what it wants to do....lol
  • #70,126
  • Oct 18, 2017 12:29am Oct 18, 2017 12:29am
Quoting nealpek
Took a bit of heat, but kept my longs from this morning. Not quite sure what it wants to do....
Stuck in limbo until it clears 112.50. That's why I initially wanted to buy only after it hits 112.50 lol.
  • #70,127
  • Oct 18, 2017 12:30am Oct 18, 2017 12:30am
Quoting MoneyFocus
{quote} I beg to differ, all 3 yen pairs look like buys at the moment, and if USD/JPY is strong enough, it can pull the other two up as well.
Both my targets are less than 20 pips away. If the pairs are long, pattern-wise it should still come back and get me out.
Here's Tom with the weather.
  • #70,128
  • Oct 18, 2017 12:32am Oct 18, 2017 12:32am
Quoting maverick2017
Nice to hear that forex is keeping you over the water. What is sad to hear is no one will employ you because of knee surgery. Forex is addicting. It will take me sometime to "make money being correct rather than just being correct". It is amazing how a bad incident can change one's opinion about life.
i got a job where im at back in 2010. my first trip i think it was in 2012, was a rude awakening, but the ocean forced me to use all the muscles and bones that hurt and i was able to finally get to whats now 100% really 95-98 depending on what it is. now ive converted more commercial boats, to hagfish boats then anyone in the world,youtube those nasty little buggers. get a glimpse into my days. i just finish the second largest hagfish plant in the world, a hair smaller the the first one i built, but technologically decades ahead of the big one and we are the second largest supplier of hagfish to s.korea. like i said fight back one step at a time.
  • #70,129
  • Oct 18, 2017 12:34am Oct 18, 2017 12:34am
Quoting OHLC
{quote} Both my targets are less than 20 pips away. If the pairs are long, pattern-wise it should still come back and get me out.
Thats the beauty of yen pairs.
  • #70,130
  • Oct 18, 2017 12:36am Oct 18, 2017 12:36am
Quoting MoneyFocus
{quote} Thats the beauty of yen pairs.
She is a beauty.
Here's Tom with the weather.
  • #70,131
  • Oct 18, 2017 12:38am Oct 18, 2017 12:38am
Can anyone weigh in on whether it's usd strength or jpy weakness causing this action...
  • #70,132
  • Oct 18, 2017 12:43am Oct 18, 2017 12:43am
Quoting 4xjunkie
{quote} i got a job where im at back in 2010. my first trip i think it was in 2012, was a rude awakening, but the ocean forced me to use all the muscles and bones that hurt and i was able to finally get to whats now 100% really 95-98 depending on what it is. now ive converted more commercial boats, to hagfish boats then anyone in the world,youtube those nasty little buggers. get a glimpse into my days. i just finish the second largest hagfish plant in the world, a hair smaller the the first one i built, but technologically decades ahead of the big...
This is inspiring. how long has it been since you started forex? How much time do you think it required you to attain the skills to build the second largest hagfish boat.
I guess you put that much effort into everything you do.
A trade should be based on an assumption based on facts
  • #70,133
  • Oct 18, 2017 12:43am Oct 18, 2017 12:43am
Quoting nealpek
Can anyone weigh in on whether it's usd strength or jpy weakness causing this action...
Nicholishen developed an indicator here that should identify that.
Here's Tom with the weather.
  • #70,134
  • Oct 18, 2017 12:46am Oct 18, 2017 12:46am
I am short on gbpjpy. This one can go up stoch is showing bulls cycle/
  • #70,135
  • Oct 18, 2017 12:47am Oct 18, 2017 12:47am
Quoting nealpek
Can anyone weigh in on whether it's usd strength or jpy weakness causing this action...
whatever it is, its lackluster for now...
Look Sharp/Trade Tight
  • #70,136
  • Oct 18, 2017 12:50am Oct 18, 2017 12:50am
Thanks ohlc. Just remembered my own platform,lol has a grid comparing all 6 majors. all currencies against jpy are positive, only neg/flat is gbp.
Must be JPY weakness... As well, GBP is negative against all currencies as well! So GBP and JPY both seem weak atm
  • #70,137
  • Oct 18, 2017 12:54am Oct 18, 2017 12:54am
Quoting nealpek
Thanks ohlc. Just remembered my own platform,lol has a grid comparing all 6 majors. all currencies against jpy are positive, only neg/flat is gbp. Must be JPY weakness... As well, GBP is negative against all currencies as well!
But when the Dragon wants to rally....it's one hell of a rally
  • #70,138
  • Oct 18, 2017 12:54am Oct 18, 2017 12:54am
she looking good be careful, we have what i call a bird pattern really looks like the letter "r" we migh have a retest of 112.0 with the smaller bird pattern, typically we get a big pattern followed by a small one or vice verca, look at your charts you see them. not just the birds but others as well. birds can go up or down hence the name.
Attached Image (click to enlarge)
Click to Enlarge Name: 5.JPG Size: 173 KB
it should go something like this retest 112 then up to 112.8 back to fail srtike of 112.5 within 2 or 3 pips then sit back and enjoy the ride. the hardest part of a vacation is getting there,
  • #70,139
  • Oct 18, 2017 12:59am Oct 18, 2017 12:59am
All is now green versus JPY!! USD all green except for cad. Let's go honey...
  • #70,140
  • Oct 18, 2017 1:01am Oct 18, 2017 1:01am
NOW 112.29 Short here SL 112.49 Reasonable risk

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