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USD/JPY Discussion

  • #72,261
  • Dec 13, 2017 11:46am Dec 13, 2017 11:46am
Looks like it has stabilized and ready to rally, at least short term.
  • #72,262
  • Dec 13, 2017 11:56am Dec 13, 2017 11:56am
Guess not.
  • #72,263
  • Dec 13, 2017 12:03pm Dec 13, 2017 12:03pm
Yen to strengthen when the dust settled, perhaps to see how Asia market will react. Dun think there will much action left going into holiday.
  • #72,264
  • Dec 13, 2017 12:08pm Dec 13, 2017 12:08pm
Quoting SunTrader
Guess not.
Check out the Weekly timeframe, it tells you what you need to know for the week... Depending on the pair it can take 1 to 3 days for the trades to work out but I'm starting to like it more than the Daily.
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Here's Tom with the weather.
  • #72,265
  • Dec 13, 2017 12:13pm Dec 13, 2017 12:13pm
Quoting pohchuan
Yen to strengthen when the dust settled, perhaps to see how Asia market will react. Dun think there will much action left going into holiday.
Hit target finally. Sold yesterday from 113.63 to 112.63. Good end
good luck
  • #72,266
  • Dec 13, 2017 12:17pm Dec 13, 2017 12:17pm
112.5 was on target, t.p. and flopped to long, we need 112.5 to harden and reject price. Should be able to take a long just above 112.5 stop 5 pips lower than the low. Good luck.
  • #72,267
  • Dec 13, 2017 12:21pm Dec 13, 2017 12:21pm
Quoting 4xjunkie
112.5 was on target, t.p. and flopped to long, we need 112.5 to harden and reject price. Should be able to take a long just above 112.5 stop 5 pips lower than the low. Good luck.
I'm still traveling so I can't take the long you said but if I could, I'd do that buy targeting 112.700 or something.
Here's Tom with the weather.
  • #72,268
  • Dec 13, 2017 12:29pm Dec 13, 2017 12:29pm
Quoting OHLC
{quote} Check out the Weekly timeframe, it tells you what you need to know for the week... Depending on the pair it can take 1 to 3 days for the trades to work out but I'm starting to like it more than the Daily. {image}
I follow the big picture alright. I was only talking about the short term. Very short term.
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  • #72,269
  • Dec 13, 2017 12:34pm Dec 13, 2017 12:34pm
I am out of the short I was in from the beginning of the week.
Looking for a long entry, but I just don't see it clearly.
It's oversold on h1 and h4 and there is definitely going to be a retracement because of that. Also, it hit 150ma on h4 and 50ma on weekly.
I think it will definitely bounce, but I cannot justify going long just yet. It looks to me like it still has some more room to go down.
I would love to go long soon and to see it break 114.500 level. It can really fly up if it breaks it finally.
What you guys think?
  • #72,270
  • Dec 13, 2017 12:59pm Dec 13, 2017 12:59pm
long $/jpy 112.50 tight sl target 113.55
  • #72,271
  • Dec 13, 2017 2:50pm Dec 13, 2017 2:50pm
dichev you think it's going to reach 113.55? That's a lot of pips
  • #72,272
  • Dec 13, 2017 3:28pm Dec 13, 2017 3:28pm
Quoting 4xjunkie
112.5 was on target, t.p. and flopped to long, we need 112.5 to harden and reject price. Should be able to take a long just above 112.5 stop 5 pips lower than the low. Good luck.
That buy would have hit target just now. I'll be home tomorrow and can't wait to start trading like a normal person instead of only through public WiFi spots haha
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Here's Tom with the weather.
  • #72,273
  • Dec 13, 2017 5:31pm Dec 13, 2017 5:31pm
H4 Bigger picture
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Elliott Wave for optimum entry, exit and risk management of trades
  • #72,274
  • Dec 13, 2017 5:50pm Dec 13, 2017 5:50pm
just a chart to go with the setup. from earlier.
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  • #72,275
  • Dec 13, 2017 7:07pm Dec 13, 2017 7:07pm
Finally we seen yesterday a pretty downward breakout and we should now enter instantly as the downtrend has been started . I am selling it at 112.655 TP 112.405 (upto the next support). Now the price is also under 90 SMA.

H1

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  • #72,276
  • Dec 13, 2017 7:19pm Dec 13, 2017 7:19pm
Quoting shaheer9856
Finally we seen yesterday a pretty downward breakout and we should now enter instantly as the downtrend has been started . I am selling it at 112.655 TP 112.405 (upto the next support). Now the price is also under 90 SMA. H1 {image}
Couple of common places for a stop on that buy trade. I'd rather take a 30 pip loss instead of floating a 100 pip loss with even more potential.
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Here's Tom with the weather.
  • #72,277
  • Dec 13, 2017 10:21pm Dec 13, 2017 10:21pm
SL on longs at 12.54 = BE. Now =65

Have a good day all , crew.

  • #72,278
  • Dec 14, 2017 1:08am Dec 14, 2017 1:08am
Broken out of daily range so far, I see little issue with going to 113 at least.
  • #72,279
  • Dec 14, 2017 1:48am Dec 14, 2017 1:48am
Quoting F.g
SL on longs at 12.54 = BE. Now =65 Have a good day all , crew.
I move SL up , to 112.72
  • #72,280
  • Dec 14, 2017 3:01am Dec 14, 2017 3:01am
i Suggest more bearish if it does not breach 113 points upwards
good luck
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