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USD/JPY Discussion

  • #71,861
  • Nov 27, 2017 9:17am Nov 27, 2017 9:17am
Quoting KeenPips
If you are using a 'noisy' low time frame to trade and look to trade retracement rather than the main market direction. KP {quote}
Im trading what my chart says, could be a retracement of 50 pips or could be of 150 pips
  • #71,862
  • Nov 27, 2017 9:17am Nov 27, 2017 9:17am
Quoting SunTrader
{quote} Then we are looking at two different charts.
Same. I see no signs of any bullish strength.
  • #71,863
  • Nov 27, 2017 9:19am Nov 27, 2017 9:19am
Quoting SunTrader
{quote} Then we are looking at two different charts.
Perhaps different time frames
  • #71,864
  • Nov 27, 2017 9:26am Nov 27, 2017 9:26am
Quoting fxmasterdxb
{quote} Perhaps different time frames
You never specified but unless it is 1 minute, like I said 2 different charts.
  • #71,865
  • Nov 27, 2017 10:13am Nov 27, 2017 10:13am
Quoting SunTrader
{quote} You never specified but unless it is 1 minute, like I said 2 different charts.
I sense agrresion in your tone, because you have a “red” tage in your profile does not mean you have the right to attack others! I see my chart and have the freedome to express my opinion in the way i feel is the best!
  • #71,866
  • Nov 27, 2017 10:29am Nov 27, 2017 10:29am
Quoting fxmasterdxb
{quote} I sense agrresion in your tone, because you have a “red” tage in your profile does not mean you have the right to attack others! I see my chart and have the freedome to express my opinion in the way i feel is the best!
Well you sense wrong. I sense you feel intimidated by a silly red triangle. Don't be.

BTW that large range 5 minute bar an hour or so ago was just a short covering dead cat bounce. One bar does not make things strongly bullish unless as I said one is looking at one minute bars. If price had extended beyond 111.200 and continued, now that could be considered strongly bullish on a 5 minute chart.

But as you say you can express your opinion however you want - clear to others or not.
  • #71,867
  • Nov 27, 2017 11:09am Nov 27, 2017 11:09am
Quoting SunTrader
{quote} Well you sense wrong. I sense you feel intimidated by a silly red triangle. Don't be. BTW that large range 5 minute bar an hour or so ago was just a short covering dead cat bounce. One bar does not make things strongly bullish unless as I said one is looking at one minute bars. If price had extended beyond 111.200 and continued, now that could be considered strongly bullish on a 5 minute chart. But as you say you can express your opinion however you want - clear to others or not.
That large 5min bar just bounced from 200ema/daily pivot so it didn't really mean anything.
  • #71,868
  • Nov 27, 2017 11:53am Nov 27, 2017 11:53am
Quoting SunTrader
{quote} Well you sense wrong. I sense you feel intimidated by a silly red triangle. Don't be. BTW that large range 5 minute bar an hour or so ago was just a short covering dead cat bounce. One bar does not make things strongly bullish unless as I said one is looking at one minute bars. If price had extended beyond 111.200 and continued, now that could be considered strongly bullish on a 5 minute chart. But as you say you can express your opinion however you want - clear to others or not.
Point taken and no heart feelings , i still see it bullish and believe it will touch 112 before 110.5.

Like i said before, im still on the sideline and looking for a long setup to enter.
  • #71,869
  • Nov 27, 2017 12:29pm Nov 27, 2017 12:29pm
Quoting mades
{quote} That large 5min bar just bounced from 200ema/daily pivot so it didn't really mean anything.
Not necessarily, as I said previously bounce meant something to those who watch one minute bars. Also might of been a level for shorts to take profits.

IMO price action takes priority over calculated numbers (anyway note 200 EMA on my daily chart is above price - 600 pips):
Attached Image (click to enlarge)
Click to Enlarge Name: UJ support.png Size: 53 KB
  • #71,870
  • Nov 27, 2017 2:04pm Nov 27, 2017 2:04pm
Quoting AbuShahzaib
{quote} I wish it does touch 112... i have 4 long positions in red
There’s certainly no gurantee PA will reach to 112, please do not take my words if reaching 112 as a basis to keep your positions open, trade safely.
  • #71,871
  • Nov 27, 2017 2:05pm Nov 27, 2017 2:05pm
Looking for 15 mins close above 111.10 to consider longing
  • #71,872
  • Nov 27, 2017 2:59pm Nov 27, 2017 2:59pm
Bullish trend just started. All JPY pairs to be going up from here. strong rally to upside.
  • #71,873
  • Nov 27, 2017 3:01pm Nov 27, 2017 3:01pm
Quoting webstakes
Bullish trend just started. All JPY pairs to be going up from here. strong rally to upside.
Sure thing. Put me down 10000 lots. You got me covered right?
  • #71,874
  • Nov 27, 2017 3:05pm Nov 27, 2017 3:05pm
Quoting webstakes
Bullish trend just started. All JPY pairs to be going up from here. strong rally to upside.
I agree, would be really great if we get the day candle to close above 111.20, this sign would give me great motive to long the pair!
  • #71,875
  • Nov 27, 2017 3:16pm Nov 27, 2017 3:16pm
Quoting fxmasterdxb
{quote} I agree, would be really great if we get the day candle to close above 111.20, this sign would give me great motive to long the pair!
Closing above 111.20 wouldn't tell me to go long. If anything, it would tell me to go short but, this continuation is just not good enough and my hands are full so I'm not trading continuations anyway.
Here's Tom with the weather.
  • #71,876
  • Nov 27, 2017 3:19pm Nov 27, 2017 3:19pm
Quoting OHLC
{quote} Closing above 111.20 wouldn't tell me to go long. If anything, it would tell me to go short but, this continuation is just not good enough and my hands are full so I'm not trading continuations anyway.
You are certainly entitiled to your opinion, i see things differently. Time will tell
  • #71,877
  • Nov 27, 2017 3:26pm Nov 27, 2017 3:26pm
Quoting fxmasterdxb
{quote} You are certainly entitiled to your opinion, i see things differently. Time will tell
Oh I didn't mean any disrespect. I was just telling my opinion. We know everybody has an opinion haha
Here's Tom with the weather.
  • #71,878
  • Nov 27, 2017 3:29pm Nov 27, 2017 3:29pm
Quoting OHLC
{quote} Oh I didn't mean any disrespect. I was just telling my opinion. We know everybody has an opinion haha
No offense taken enjoy the rest of your day and wish you many pips ahead
  • #71,879
  • Nov 27, 2017 3:46pm Nov 27, 2017 3:46pm
Looks more like lucky to close above 111.000
  • #71,880
  • Nov 27, 2017 3:49pm Nov 27, 2017 3:49pm
Take a read of this on news section of home page:

One barometer of risk is within striking distance of a key level

https://www.forexfactory.com/news.php?do=news&id=718428
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