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USD/JPY Discussion

  • #71,681
  • Edited 9:35pm Nov 21, 2017 9:24pm | Edited 9:35pm
Quoting PayTheLimit
for me it was a stop run....the run me out, cost me 5 pips...
it was too close. the earlier chart i put up had the entry zone down to 112.13 when you entered, during this session i was hinting under 112.15. the low was 112.158 is what my chart shows. reload. 10 pip stop loss
Attached Image (click to enlarge)
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  • #71,682
  • Nov 21, 2017 9:29pm Nov 21, 2017 9:29pm
Quoting 4xjunkie
{quote} it was too close. the earlier chart i put up had the entry zone down to 112.13 when you entered, during this session i was hinting under 112.15. the low was 112.158 is what my chart shows. reload.
I'm not gonna man, that was my play on that level. It still might hold, but I'm done with it. Once I start trading on retests and the like, the wheels will come off. Its ok, wont be the first time they go without me....I'll find something else...
Look Sharp/Trade Tight
  • #71,683
  • Nov 21, 2017 9:48pm Nov 21, 2017 9:48pm
Quoting PayTheLimit
{quote} I'm not gonna man, that was my play on that level. It still might hold, but I'm done with it. Once I start trading on retests and the like, the wheels will come off. Its ok, wont be the first time they go without me....I'll find something else...
fair enough.
  • #71,684
  • Nov 21, 2017 10:35pm Nov 21, 2017 10:35pm
having trouble finding any supports on my chart, they are there, sure, but I don't see them....my next S after 111.68 is 110.38
Look Sharp/Trade Tight
  • #71,685
  • Nov 21, 2017 10:35pm Nov 21, 2017 10:35pm
thats it for me, have to sit the rest of this one out. its the rules. to many stop outs. see you on the next one. good luck. im still long.
  • #71,686
  • Nov 21, 2017 10:58pm Nov 21, 2017 10:58pm
I think i see it, anyone want to know. or have you had enough for the day. i cant make any rec's. but i can put up images.
  • #71,687
  • Nov 21, 2017 11:16pm Nov 21, 2017 11:16pm
fair enough. its bed time anyway.
Attached Image
  • #71,688
  • Nov 21, 2017 11:27pm Nov 21, 2017 11:27pm
USDJPY
=====

-Possible diagonal triangle formation.
-Last leg (5) ideal target is 111.65/ 111.45-25.
-After the 5th leg, the market is expected to move higher.
-Break of 112.75 will abort the diagonal triangle and open window for rally.

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy 240m.jpg Size: 128 KB


https://twitter.com/ADFINANCIALCORP/...34840199086080
  • #71,689
  • Nov 21, 2017 11:34pm Nov 21, 2017 11:34pm
USD/JPY options at play, Wednesday 10am NY expiry at strike 112.00 $1.4B. Let see if they can keep it down.
The market is designed to fool most of the people, most of the time.
  • #71,690
  • Nov 21, 2017 11:46pm Nov 21, 2017 11:46pm
Quoting fxmasterdxb
Next target for UJ is 111.77, could happen tomorrow or day after max mark my words
Enjoying the ride
  • #71,691
  • Nov 22, 2017 12:10am Nov 22, 2017 12:10am
Quoting fxmasterdxb
{quote} Enjoying the ride
Seem like nothing is stopping the ride till it arrives at 111.9
  • #71,692
  • Nov 22, 2017 12:17am Nov 22, 2017 12:17am
Quoting pohchuan
{quote} Seem like nothing is stopping the ride till it arrives at 111.9
Breaking the earlier support between 112.01 & 111.88 should occur in the next 3 - 4 hours, it will first attempt to test the next support at around 111.77 where i have my TP placed. Could very much continue towards .60 or even .45
  • #71,693
  • Nov 22, 2017 12:35am Nov 22, 2017 12:35am
Quoting fxmasterdxb
{quote} Breaking the earlier support between 112.01 & 111.88 should occur in the next 3 - 4 hours, it will first attempt to test the next support at around 111.77 where i have my TP placed. Could very much continue towards .60 or even .45
you're onto it. Means there is still hope for this place.
  • #71,694
  • Nov 22, 2017 12:43am Nov 22, 2017 12:43am
Quoting asgcorp
{quote} you're onto it. Means there is still hope for this place.
The trend is quite clear, I don't really understand why people are buying? maybe a small counter trend buy is acceptable but comes with a big risk as well
  • #71,695
  • Nov 22, 2017 5:01am Nov 22, 2017 5:01am
Quoting fxmasterdxb
{quote} The trend is quite clear, I don't really understand why people are buying? maybe a small counter trend buy is acceptable but comes with a big risk as well
Some just seem to think they know better than the market.
  • #71,696
  • Nov 22, 2017 5:23am Nov 22, 2017 5:23am
Quoting fxmasterdxb
{quote} The trend is quite clear, I don't really understand why people are buying? maybe a small counter trend buy is acceptable but comes with a big risk as well

We are going down ladies and gents.

People still holding longs need to just cut their losses. I see one guy posting different charts that he modifies every time he gets it wrong to somehow fit his view and its actually quite sad... I can kind of understand that you dion;t want your "system" to be wrong but it happens just get over it. No system works 100% of the time but even more so when you ignore the glaringly obvious because it means that your view is invalid..

I said it the other day and I will say it again.

At what point does "putting up with drawdown because I am condifdent in my analysis that price will turn around in my favour" turn into " I am just praying that price turns around so I can recover some losses"
  • #71,697
  • Nov 22, 2017 5:25am Nov 22, 2017 5:25am
Quoting SunTrader
{quote} Some just seem to think they know better than the market.

Exactly this.

Why do people try to guess the markets direction rather than just following the MM's/SM?
  • #71,698
  • Nov 22, 2017 5:42am Nov 22, 2017 5:42am
seems like some R at 112.34, not sure if its been played, but maybe a spot to play for 111.68 from...

still struggling to get an hourly close under last weeks low...
Look Sharp/Trade Tight
  • #71,699
  • Nov 22, 2017 5:50am Nov 22, 2017 5:50am
111.90 is proving to be a very strong support level, USD/JPY is testing it for the third time in five days. The target to the downside is clear - 111.50 or even 111.00 but whether it will break out below the support is not.
  • #71,700
  • Nov 22, 2017 6:22am Nov 22, 2017 6:22am
Quoting nealpek
Just like these other opportunities, you almost always have a "reaction" entry after the initial move, with no stress and no guessing....As I just got in front of the screen, I could never sell the market after price has already fallen considerably(low probability trade) I must wait for the reaction pullback at a higher price to benefit from the previous price action. In other words, I don't have to worry and stress myself out that I "missed" the move, as I will surely have a chance to join and benefit from the move in the future... {image}

These are very wise words! It is so easy to become disheartened if you miss a big move but you need not.
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