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USD/JPY Discussion

  • #71,261
  • Nov 7, 2017 8:26am Nov 7, 2017 8:26am
Quoting nealpek
Yes, lol Took a little "heat" on this one! Market structure says good probability, not certainty, that it should head south. As I always trade what I see, I don't yet see a break of the structure suggesting a shift in my thinking. And I moved the stop up a few pips for this reason....Time will tell, as usual! Good luck to all...
Pip'n aint easy. thats for sure. It should clear up here soon.
  • #71,262
  • Nov 7, 2017 8:37am Nov 7, 2017 8:37am
How im seeing things this morning.
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  • #71,263
  • Nov 7, 2017 8:46am Nov 7, 2017 8:46am
Quoting nealpek
For TJ and Bart: First and foremost, you must ALWAYS consider any chart you look at as people participating in a business, with the rules understood only by the creators of the business. Suffering, pain thresholds and psychological torture are unfortunately the offspring of participating in this business model as you are coming up against forces with very deep pockets and zero regard for your feelings. The model is designed to take your money, period. Not always, but to a large degree, look for the places where traders will experience the most pain...
Great words of advice, Im defiantly into pain and torture at times. even though i try to keep it to a minimum.
  • #71,264
  • Nov 7, 2017 9:31am Nov 7, 2017 9:31am
short $/jpy @114.22
  • #71,265
  • Nov 7, 2017 9:37am Nov 7, 2017 9:37am
4X :What is your determining factor to go short or long? Not sure I see your intentions on your chart.
Are you using the tip of your gartley patterns to initiate and exit trades?
  • #71,266
  • Nov 7, 2017 9:53am Nov 7, 2017 9:53am
Quoting nealpek
4X :What is your determining factor to go short or long? Not sure I see your intentions on your chart. Are you using the tip of your gartley patterns to initiate and exit trades?
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direction is which ever direction it is going. im in a reset phase now the next section of my maps starts at 114.5. we will not print it but really close. i have never got the last part correct it is predictable how many times i been a bag holder with a small trade through this last section. That is the first indicator the new map is starting. I dont know the details of it but it good for 1000 pips. that is why ive been keeping a tally on my chart almost 25% done already so it shouldn't be to bad if you just play the big corners, there should be a 100 pip pull back in it. time will tell. im off to trade time for green pips good luck traders.
  • #71,267
  • Nov 7, 2017 2:38pm Nov 7, 2017 2:38pm
This is a tough spot for me to get right, if I had to guess at this point, back to .70, if it
Prints .699 it's down to the 50s then back up. The rejection of 114.5 is critical, it's the beginning of the end of this trend.
  • #71,268
  • Nov 7, 2017 2:50pm Nov 7, 2017 2:50pm
High probability that we see a stop hunt below 113.59 tonight during Asian Session. Only question is will it take us all the way back to 112.99?
  • #71,269
  • Nov 7, 2017 4:24pm Nov 7, 2017 4:24pm
Last 5 days has been really ugly price action in this sideways market
  • #71,270
  • Nov 7, 2017 4:55pm Nov 7, 2017 4:55pm
Quoting Mwfinad1211
High probability that we see a stop hunt below 113.59 tonight during Asian Session. Only question is will it take us all the way back to 112.99?
Are you psychic? lol
  • #71,271
  • Nov 7, 2017 5:37pm Nov 7, 2017 5:37pm
Looks more likely to test 113.680 than NFP spike.
  • #71,272
  • Nov 7, 2017 8:07pm Nov 7, 2017 8:07pm
I think it will go down further to meet lower band

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  • #71,273
  • Nov 7, 2017 10:35pm Nov 7, 2017 10:35pm
there is only 2 drops, would like to see 3 or 4 but this is a possibility.
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  • #71,274
  • Nov 7, 2017 10:37pm Nov 7, 2017 10:37pm
my guess at support is 113.23 today...
Look Sharp/Trade Tight
  • #71,275
  • Nov 7, 2017 10:53pm Nov 7, 2017 10:53pm
what I see is that at 1400 on my chart it could not breach .70 its hard to move through a spot if the door is not open. it went up to test 114.5 then relized the door was closed so it came back and opened it with the last low. if .70 holds this time its to 114.49. back the leverage truck up. its SCARY but 114.5 will not breach. one of the few times i will say that.
  • #71,276
  • Nov 7, 2017 11:01pm Nov 7, 2017 11:01pm
Quoting PayTheLimit
my guess at support is 113.23 today...
If today's closes a very nice red, I can see what you mean by support in the 113.23 area. That's the area where I'd look for a buy myself. But, that is if she really pushes down today. USDJPY has not been tradable for the past few days. If there's still nothing for tomorrow, I would hope it'll get back in line and be tradable this week. It's a good thing there are 29 other pairs to choose from.
Here's Tom with the weather.
  • #71,277
  • Nov 7, 2017 11:02pm Nov 7, 2017 11:02pm
From 111.2-110.8 range i expect to see an impulse to the 123.8, then some retrace, then 140 or 150.
Very low chance to dive for 105.5 now, however, who knows...
Any way, fasten belts.
Forcemeat can not be unrolled back...
  • #71,278
  • Nov 7, 2017 11:05pm Nov 7, 2017 11:05pm
Quoting 4xjunkie
what I see is that at 1400 on my chart it could not breach .70 its hard to move through a spot if the door is not open. it went up to test 114.5 then relized the door was closed so it came back and opened it with the last low. if .70 holds this time its to 114.49. back the leverage truck up. its SCARY but 114.5 will not breach. one of the few times i will say that.
how come your not out of those longs?
Look Sharp/Trade Tight
  • #71,279
  • Nov 7, 2017 11:08pm Nov 7, 2017 11:08pm
Quoting OHLC
{quote} If today's closes a very nice red, I can see what you mean by support in the 113.23 area. That's the area where I'd look for a buy myself. But, that is if she really pushes down today. USDJPY has not been tradable for the past few days. If there's still nothing for tomorrow, I would hope it'll get back in line and be tradable this week. It's a good thing there are 29 other pairs to choose from.
its been choppy, but still some decent plays, just not for me....29 pairs, wow..no way, no way I can follow 29 bro...too old, my eyes would be shot for good...
Look Sharp/Trade Tight
  • #71,280
  • Nov 7, 2017 11:16pm Nov 7, 2017 11:16pm
Quoting PayTheLimit
{quote} how come your not out of those longs?
i could have flopped it but. red pips are just not enough punishment for a bad decision. if you live with it and face it long enough, you will stop making the same decision. i have never got this last section correct if the last map pans out then the pain is over. the longest i have been in this position was 31 days. aus/juy
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