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USD/JPY Discussion

  • #71,141
  • Nov 5, 2017 5:03pm Nov 5, 2017 5:03pm
Quoting PayTheLimit
If I had to guess a good support today, I guess 113.37.... {image}
refined my S to 114.43/46...for better or worse...
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Look Sharp/Trade Tight
  • #71,142
  • Nov 5, 2017 5:30pm Nov 5, 2017 5:30pm
Good day Traders, This Might pan out.
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  • #71,143
  • Edited 6:23pm Nov 5, 2017 6:05pm | Edited 6:23pm
Now ride it like you stole it, down to low 113.
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anticipating another shot inside the box did not fill the gap.
  • #71,144
  • Nov 5, 2017 6:28pm Nov 5, 2017 6:28pm
Also 114.241 is 61.8% retracement of down move from Friday's high to today's gap down open, but I don't expect much of a new down move tonight. All major yen pairs are moving higher.
  • #71,145
  • Nov 5, 2017 6:38pm Nov 5, 2017 6:38pm
the gap filled.
  • #71,146
  • Nov 5, 2017 6:42pm Nov 5, 2017 6:42pm
What gap? The one on tonight's open closed very quickly.
  • #71,147
  • Nov 5, 2017 6:53pm Nov 5, 2017 6:53pm
So it will touch 115 ?
  • #71,148
  • Nov 5, 2017 6:56pm Nov 5, 2017 6:56pm
Quoting SunTrader
What gap? The one on tonight's open closed very quickly.
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  • #71,149
  • Nov 5, 2017 6:58pm Nov 5, 2017 6:58pm
Quoting Givemeluckdu
So it will touch 115 ?
not for a while. imo
  • #71,150
  • Nov 5, 2017 7:03pm Nov 5, 2017 7:03pm
Quoting 4xjunkie
{quote} not for a while. imo
Not sure about that bulls are full steam ahead
Que Sera
  • #71,151
  • Nov 5, 2017 7:07pm Nov 5, 2017 7:07pm
Quoting Catempire
{quote} Not sure about that bulls are full steam ahead
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that should do it. made the extensions.
  • #71,152
  • Nov 5, 2017 7:08pm Nov 5, 2017 7:08pm
Quoting 4xjunkie
{quote}{image}
That is your broker feed. Gaps only happen on the week's open and during major economic/political news event announcements.

Anyway moot point now.
  • #71,153
  • Nov 5, 2017 7:14pm Nov 5, 2017 7:14pm
Quoting SunTrader
{quote} That is your broker feed. Gaps only happen on the week's open and during major economic/political news event announcements. Anyway moot point now.
I use to think that it was bad feed, ect,ect. then I noticed that they actually have value, a lot of times reversals are preceded by a micro gap in pa. when its time to fill it nothing will stop it. just find one and put a horizontal line accost it and watch it. you would be amazed.
  • #71,154
  • Nov 5, 2017 7:17pm Nov 5, 2017 7:17pm
Quoting 4xjunkie
{quote} I use to think that it was bad feed, ect,ect. then I noticed that they actually have value, a lot of times reversals are preceded by a micro gap in pa. when its time to fill it nothing will stop it. just find one and put a horizontal line accost it and watch it. you would be amazed.
One broker feed differs from another. And so on. No gaps on my chart btw. If it happens much ... it is purely coincidental.
  • #71,155
  • Nov 5, 2017 7:21pm Nov 5, 2017 7:21pm
Quoting SunTrader
{quote} One broker feed differs from another. And so on. If it happens much ... it is purely coincidental.
Ok so why dose everyone have the identical gap at the beginning if there trend, and another one at 111?
  • #71,156
  • Nov 5, 2017 7:26pm Nov 5, 2017 7:26pm
Quoting 4xjunkie
{quote} Ok so why dose everyone have the identical gap at the beginning if there trend, and another one at 111?
Did you see this from an earlier post:

"Gaps only happen on the week's open and ..."

Which are present on daily and of course weekly charts.

They are real. 2 pip gaps on a 5 min chart are mirages.
  • #71,157
  • Nov 5, 2017 7:33pm Nov 5, 2017 7:33pm
Quoting SunTrader
{quote} Did you see this from an earlier post: "Gaps only happen on the week's open and ..." Which are present on daily and of course weekly charts. They are real. 2 pip gaps on a 5 min chart are mirages.
I'm not so sure you could call them mirages, it depends on the time frame you are trading.. If it gaps up on the 1m depending on following candles it can mean sell signal.

That said... I get what you mean as the don't need closing!
Que Sera
  • #71,158
  • Nov 5, 2017 7:39pm Nov 5, 2017 7:39pm
Quoting SunTrader
{quote} Did you see this from an earlier post: "Gaps only happen on the week's open and ..." Which are present on daily and of course weekly charts. They are real. 2 pip gaps on a 5 min chart are mirages.
Dose Your hourly chart look like this?
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I believe is a gap on every time frame lower.
  • #71,159
  • Nov 5, 2017 7:39pm Nov 5, 2017 7:39pm
Quoting Catempire
{quote} I'm not so sure you could call them mirages, it depends on the time frame you are trading.. If it gaps up on the 1m depending on following candles it can mean sell signal.
1m meaning month or minute?
  • #71,160
  • Nov 5, 2017 7:44pm Nov 5, 2017 7:44pm
Quoting 4xjunkie
{quote} Dose Your hourly chart look like this?{image} I believe is a gap on every time frame lower.
No. No gap:
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