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USD/JPY Discussion

  • #71,161
  • Nov 5, 2017 7:48pm Nov 5, 2017 7:48pm
Quoting SunTrader
{quote} 1m meaning month or minute?
Meaning 1 minute... But I do see what you are say as unlike the closing gaps they don't need to be filled.
Que Sera
  • #71,162
  • Edited 8:11pm Nov 5, 2017 7:54pm | Edited 8:11pm
Quoting Catempire
{quote} Meaning 1 minute... But I do see what you are say as unlike the closing gaps they don't need to be filled.
Oh come on 1 minute lol. Don't be silly. 1 minute is 99% noise. Use it to enter a trade with a setup found on a 5 min 30 minute or 1 hour chart now you're talking. But a gaaaap. No way.
  • #71,163
  • Nov 5, 2017 7:56pm Nov 5, 2017 7:56pm
Do you folks also realize forex charts are bid change and not actual trade prices changing?
  • #71,164
  • Nov 5, 2017 8:01pm Nov 5, 2017 8:01pm
Well USD/JPY finally broke the resistance after beating it's head on it for a few days. Keep in mind there is very strong resistance ~115.3 so may be an interesting week...
instagram: stepbystepforex
  • #71,165
  • Nov 5, 2017 8:01pm Nov 5, 2017 8:01pm
Quoting SunTrader
{quote} No. No gap: {image}
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ok.
  • #71,166
  • Nov 5, 2017 8:50pm Nov 5, 2017 8:50pm
My best guess?
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  • #71,167
  • Nov 5, 2017 9:25pm Nov 5, 2017 9:25pm
The pair is trading in a tight range, outlook remains neutral, immediate resistance can be found around 114.70/80, follow by key level at 115.00.
  • #71,168
  • Nov 5, 2017 9:41pm Nov 5, 2017 9:41pm
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  • #71,169
  • Nov 5, 2017 10:18pm Nov 5, 2017 10:18pm
Good day, NagaMas. how dose a bearish engulfing weekly candle fit into your charts this week. ive noticed when we are on the same page its all good, but when we differ, one of us takes one on the chin. its a good gauge.
  • #71,170
  • Nov 5, 2017 10:27pm Nov 5, 2017 10:27pm
not worth making a pic for, its going to take more then that to make me change my mind. volatility creates opportunity.
  • #71,171
  • Nov 5, 2017 10:46pm Nov 5, 2017 10:46pm
Quoting 4xjunkie
not worth making a pic for, its going to take more then that to make me change my mind. volatility creates opportunity.
are you long or short?
  • #71,172
  • Nov 5, 2017 10:52pm Nov 5, 2017 10:52pm
Quoting timecapsule
{quote} are you long or short?
Right now long 114.5 should take the impulse. then flop to short, if im right this is going to be good
  • #71,173
  • Nov 5, 2017 11:06pm Nov 5, 2017 11:06pm
Quoting 4xjunkie
{quote} Right now long 114.5 should take the impulse. then flop to short, if im right this is going to be good
oh wow, good luck! must be intense; trading both direction, and flopping. it's always good when you are right (:
  • #71,174
  • Nov 5, 2017 11:13pm Nov 5, 2017 11:13pm
Quoting timecapsule
{quote} oh wow, good luck! must be intense; trading both direction, and flopping. it's always good when you are right (:
Takes discipline, like earlier could have took the hit up at .70 but waited for it to come back and turned a loss into a 1 pip gain. doing it again, down a little bit rule #1 is plan your trade and trade your plan, last Friday i thought we would see 114.49. didnt happen . took the trade because it meet the rules, got a .38 was not what i wanted, now i have another chance to reset to where i originally wanted.
  • #71,175
  • Nov 5, 2017 11:14pm Nov 5, 2017 11:14pm
This should be awsome. one of my favorite parts.
  • #71,176
  • Nov 5, 2017 11:23pm Nov 5, 2017 11:23pm
Quoting 4xjunkie
This should be awsome. one of my favorite parts.
what part is that?
Look Sharp/Trade Tight
  • #71,177
  • Nov 5, 2017 11:26pm Nov 5, 2017 11:26pm
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Quoting PayTheLimit
{quote} what part is that?
its when price just cant break through a barrier , slams right into a brick wall.
  • #71,178
  • Nov 5, 2017 11:34pm Nov 5, 2017 11:34pm
Quoting 4xjunkie
{image} {quote} its when price just cant break through a barrier , slams right into a brick wall.
I see, I too have some resistnace at 112.52 now, but I'm not going to trade it....

your long now you said?
Look Sharp/Trade Tight
  • #71,179
  • Nov 5, 2017 11:40pm Nov 5, 2017 11:40pm
pending shorts 114.76 - 114.80
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Self discipline It is a practice
  • #71,180
  • Nov 5, 2017 11:41pm Nov 5, 2017 11:41pm
Quoting PayTheLimit
{quote} I see, I too have some resistnace at 112.52 now, but I'm not going to trade it.... your long now you said?
just stretching the entry back up for the ride down,
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Home school map making.
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