Attachments: USD/JPY Discussion

USD/JPY Discussion

#72,181
Dec 8, 2017 9:46am Dec 8, 2017 9:46am

petrov
| Joined Jan 2013 | Status: Trader | 37 Posts

It looks to me like it can go a bit higher, but I will start shorting soon.
It's overbought on h1 and h4. It's getting there on D1, and it's very close to hit 150ma on w1.
I would really like to see it go up some more, but just as a chance to sell it at a better price.
Any thoughts are welcome

#72,182
Dec 8, 2017 9:52am Dec 8, 2017 9:52am

mertch
Joined Feb 2011 | Status: Trader | 237 Posts

PA is still up on my side

#72,183
Dec 8, 2017 10:27am Dec 8, 2017 10:27am

SunTrader
Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts

Quoting petrov

Disliked

It looks to me like it can go a bit higher, but I will start shorting soon. It's overbought on h1 and h4. It's getting there on D1, and it's very close to hit 150ma on w1. I would really like to see it go up some more, but just as a chance to sell it at a better price. Any thoughts are welcome

Ignored

Curious how long a period of time do you plan to hold trade for?

#72,184
Dec 8, 2017 11:15am Dec 8, 2017 11:15am

petrov
| Joined Jan 2013 | Status: Trader | 37 Posts

Quoting SunTrader

Disliked

{quote} Curious how long a period of time do you plan to hold trade for?

Ignored

I usually hold the trades for a week or 2, sometimes maybe more. It depends on the targets.

But, in this case, I think that the market would want to go higher later, so I will go short for a couple of days, because I think that there has to be a larger pullback. And then switch to long if the market gives me a signal that it wants to break out of the channel it has been in since the beginning of the year almost, and break the 114.500 level. Will definitely put a couple buy stops above that level.

#72,185
Dec 8, 2017 12:35pm Dec 8, 2017 12:35pm

mertch
Joined Feb 2011 | Status: Trader | 237 Posts

No sign of weakness IMO. Unless it reverse against me or engulf down, I'm up

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#72,186
Dec 8, 2017 2:15pm Dec 8, 2017 2:15pm

petrov
| Joined Jan 2013 | Status: Trader | 37 Posts

Quoting mertch

Disliked

No sign of weakness IMO. Unless it reverse against me or engulf down, I'm up {image}

Ignored

Great job on the trades

#72,187
Dec 8, 2017 5:31pm Dec 8, 2017 5:31pm

Carl.2020
| Joined Dec 2017 | Status: Trader | 13 Posts

long at 111.70, end of Nov.
No target.
Hope that the market will provide some more chance for me to build more long position before it ends.

Art thou he that cometh, or look we for another?

#72,188
Dec 9, 2017 3:24am Dec 9, 2017 3:24am

shaheer9856
| Membership Revoked | Joined Oct 2017 | 55 Posts

Maybe further upside pressure if it breaks the resistance at above, but if it will break the downside support, i will take it as short term.

(Green lines are resistance and support levels)
(Pink lines are showing trend)
(Aqua lines are last support and resistances)

H1,

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#72,189
Dec 9, 2017 3:56am Dec 9, 2017 3:56am

OHLC
| Joined Oct 2017 | Status: Trader | 498 Posts

I'm playing with a strategy that is easy enough to share in the future. I might switch to it myself because it's much easier than the way I'm currently doing things. Here's a sell with target.

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Here's Tom with the weather.

#72,190
Dec 9, 2017 7:13am Dec 9, 2017 7:13am

Macpher
| Joined Nov 2017 | Status: Trader | 35 Posts

Quoting shaheer9856

Disliked

Maybe further upside pressure if it breaks the resistance at above, but if it will break the downside support, i will take it as short term. (Green lines are resistance and support levels) (Pink lines are showing trend) (Aqua lines are last support and resistances) H1, {image} H4 {image}

Ignored

same mate, seeing fibonacci level (one i set) is so close between the testing resistance line and support line, hopefully we will see some breakouts.

cheers!

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fortis fortuna adiuvat

#72,191
Dec 9, 2017 11:33am Dec 9, 2017 11:33am

asgcorp
Joined Feb 2014 | Status: trading bank levels | 8,143 Posts

don't fight the V-shaped recovery. Buy dips. 114.60 final target for the bulls. Buy any dips, wait for a small pullback early next week. Easy money.

#72,192
Dec 9, 2017 11:35am Dec 9, 2017 11:35am

asgcorp
Joined Feb 2014 | Status: trading bank levels | 8,143 Posts

Quoting asgcorp

Disliked

V shaped recovery. target is 114.60 {image}

Ignored

yep. that's what it is. We are headed for 114.60.

#72,193
Dec 9, 2017 8:05pm Dec 9, 2017 8:05pm

akim0895
| Commercial User | Joined Feb 2017 | 24,065 Posts

Quoting asgcorp

Disliked

don't fight the V-shaped recovery. Buy dips. 114.60 final target for the bulls. Buy any dips, wait for a small pullback early next week. Easy money.

Ignored

already in at 112.xx for that target

green pips to all...

just for a cup of coffee...

#72,194
Dec 10, 2017 2:13am Dec 10, 2017 2:13am

shaheer9856
| Membership Revoked | Joined Oct 2017 | 55 Posts

Quoting asgcorp

Disliked

{quote} yep. that's what it is. We are headed for 114.60.

Ignored

It doesn't matters for me that it is V shaped, M shaped or W shaped, i will buy it long when it will break upper resistance and sell it short when it breaks downside support !. However, "V" is also a good strategy,,,, but different minds......different strategies ==== results same !! hahaha lol....