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USD/JPY Discussion

  • #70,301
  • Oct 19, 2017 3:02am Oct 19, 2017 3:02am
Not in front of my pc, hard to tell in what price it will ease. wR1 could be
  • #70,302
  • Oct 19, 2017 3:13am Oct 19, 2017 3:13am
trades like a sack of hammers...112.55 is ATR
Look Sharp/Trade Tight
  • #70,303
  • Oct 19, 2017 3:14am Oct 19, 2017 3:14am
Closed shorts. Happy with my profits (see Trade Explorer).

Cheers and green pips to all!
  • #70,304
  • Oct 19, 2017 3:20am Oct 19, 2017 3:20am
The price tested the resistance line. But it did not have enough strength and price with the bear rolls down to the point 112,139 and possibly lower to the point 111,933. And there is a small percentage of the probability that the price will go up again to test the resistance and if it breaks the resistance it will reach the point 113,305.
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  • #70,305
  • Oct 19, 2017 3:25am Oct 19, 2017 3:25am
The two revenge trades on GBPJPY and EURJPY hit their extended targets. I'm never trading non-USD pairs ever, ever again.

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Here's Tom with the weather.
  • #70,306
  • Oct 19, 2017 3:25am Oct 19, 2017 3:25am
Its either NK Kim or Catalonia this weekend to push UJ south....
  • #70,307
  • Edited 3:37am Oct 19, 2017 3:27am | Edited 3:37am
back to trade station , long at 112.552 ( Weekly R1)
  • #70,308
  • Oct 19, 2017 3:29am Oct 19, 2017 3:29am
Quoting OHLC
The two revenge trades on GBPJPY and EURJPY hit their extended targets. I'm never trading non-USD pairs ever, ever again. {image} {image}
you'll miss them..
  • #70,309
  • Oct 19, 2017 3:34am Oct 19, 2017 3:34am
Quoting NagaMas
{quote} you'll miss them..
I'll trade USDJPY with you guys and of course, the trusty EURUSD but, I'm not going on the wild side with the JPY minors. You're right, I will miss the crazy action...
Here's Tom with the weather.
  • #70,310
  • Oct 19, 2017 3:42am Oct 19, 2017 3:42am
Quoting OHLC
{quote} I'll trade USDJPY with you guys and of course, the trusty EURUSD but, I'm not going on the wild side with the JPY minors. You're right, I will miss the crazy action...
You dont know what you are missing...I love GBP/JPY!
  • #70,311
  • Oct 19, 2017 3:53am Oct 19, 2017 3:53am
i things USD/JPY want going up bcouse of differensiation of interest rate with AS. my technical analysis buy on deep at 11260 sith target 115.00
  • #70,312
  • Oct 19, 2017 5:42am Oct 19, 2017 5:42am
Quoting SunTrader
{quote} Believe me forget about equilibrium. Think of this way. You are bidding with one other party for the Mona Lisa. Of course it will never be for sale at any price. But you and the other person are bidding one after another fast and furious until it gets into the 100's of millions. 100, 200, 300, 400 etc etc. Bidding starts to slow and reach - cue Dr Evil - One Billion Dollars and what you would call equilibrium. Then all of a sudden you bid Two Billion Dollars and win the Mona Lisa when other bidder concedes. Would you still say the previous...
This means the bet at 2Billion wins and is the new price for Mona Lisa. What happens after the thing is at billion dollar price? I'm guessing Mona Lisa is still in the market and people are still willing to pay up for the painting.
So, there are only two things market does, buying and selling.
A trade should be based on an assumption based on facts
  • #70,313
  • Oct 19, 2017 5:47am Oct 19, 2017 5:47am
Quoting SunTrader
{quote} Obviously because it went down from there the buyers were the uncertain ones. There is never really equilibrium. Only for one side to lose out at some point. Like at the end of a "tug of war" battle when one side of the rope is just about in the mud. Neither side might be moving at that moment (equilibrium so to speak, still losing though) but it is only a matter time before the weaker group starts getting dragged the rest of the way into the mud.
So, the equilibrium is really a pause before buyer/seller exhaust their ammo.
Direction of the next move is decided by the action preceding the pause?
A trade should be based on an assumption based on facts
  • #70,314
  • Oct 19, 2017 6:31am Oct 19, 2017 6:31am
might start thinking of longer term of short positions if the trendline is touched..

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  • #70,315
  • Oct 19, 2017 7:19am Oct 19, 2017 7:19am
USD/JPY began to decline to the middle line of my Bollinger. In addition, the price has reached the level of 50% by Fibonacci. Touching to the level of 50% is a signal for the reversal of the chart. Therefore it seems to me that the market will continue to move upwards and the level of 113.085 will be interrupted.
In defense of the bears, I can say that there is a probability of breaking the channel of the uptrend and at the same time, breaking through the level of 50%. In this case there will be a strong bearish directional movement, which can last up to the support level of 111.600.

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Point of view is a common opinion, passed through the prism of experience
  • #70,316
  • Oct 19, 2017 7:22am Oct 19, 2017 7:22am
I'm in bull camp now. Who else?
  • #70,317
  • Oct 19, 2017 7:34am Oct 19, 2017 7:34am
Quoting SunTrader
{quote} Believe me forget about equilibrium. Think of this way. You are bidding with one other party for the Mona Lisa. Of course it will never be for sale at any price. But you and the other person are bidding one after another fast and furious until it gets into the 100's of millions. 100, 200, 300, 400 etc etc. Bidding starts to slow and reach - cue Dr Evil - One Billion Dollars and what you would call equilibrium. Then all of a sudden you bid Two Billion Dollars and win the Mona Lisa when other bidder concedes. Would you still say the previous...
also, there are not many buyers and seller at the said equilibrium and market has to react to the huge bid.
A trade should be based on an assumption based on facts
  • #70,318
  • Oct 19, 2017 7:38am Oct 19, 2017 7:38am
Quoting SunTrader
{quote} Believe me forget about equilibrium. Think of this way. You are bidding with one other party for the Mona Lisa. Of course it will never be for sale at any price. But you and the other person are bidding one after another fast and furious until it gets into the 100's of millions. 100, 200, 300, 400 etc etc. Bidding starts to slow and reach - cue Dr Evil - One Billion Dollars and what you would call equilibrium. Then all of a sudden you bid Two Billion Dollars and win the Mona Lisa when other bidder concedes. Would you still say the previous...
when one bidding is over the next takes place at which price?
A trade should be based on an assumption based on facts
  • #70,319
  • Oct 19, 2017 7:39am Oct 19, 2017 7:39am
Quoting MoneyFocus
I'm in bull camp now. Who else?
I'm waiting on gold to go down then i'll hit the bulls with you.
  • #70,320
  • Oct 19, 2017 7:45am Oct 19, 2017 7:45am
Quoting maflip
{quote} I'm waiting on gold to go down then i'll hit the bulls with you.
Well, if I'm leaving the party with a hotter chick, don't cry!
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