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USD/JPY Discussion

  • #72,361
  • Dec 20, 2017 1:02am Dec 20, 2017 1:02am
Quoting asgcorp
{quote} 786 of 113.75 - 112.
I see your point. its close to the 78.6 and looking left ( blue Arrow) History leaves clues, it looks like it could be a tough spot. and make a h&s pattern. I try to use the fibs under 100 for entry's and extensions for targets, its what suits me. have 3 exertions. measured at 3 different scales telling me to target 114.5. must be just a difference in strategy's. I find it interesting looking at other Peoples homework, we all have the same information in front of us and how differently we see things. Myself I find that uj tends to make some sort of an M formation before it goes down, more often then not. but that is my opinion.
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  • #72,362
  • Dec 20, 2017 1:57am Dec 20, 2017 1:57am
Hi guys, newbie here.
yeah, just hope this already being M,
if not, im already deadmeat here.
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  • #72,363
  • Dec 20, 2017 2:42am Dec 20, 2017 2:42am
Do you think that the USD/JPY will drop? Tax Reform bill was passed but there's no much movement. Maybe the big boys are still waiting what the rate announcement of BOJ will be.
  • #72,364
  • Dec 20, 2017 4:39am Dec 20, 2017 4:39am
Demand increase @ lower prices. Market participants push the price up - long term view USD/JPY

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Money moves the market, not an indicator.
  • #72,365
  • Dec 20, 2017 4:49am Dec 20, 2017 4:49am
Quoting nivlA21
Hi guys, newbie here. yeah, just hope this already being M, if not, im already deadmeat here. {image}

Your Stochastic already in Overbought zone (80) that mean any long is risky on H4 timeframe now because a correction is approaching.
Wait for the Stochastic to fall in Oversold zone (20) , this time the correction will take place, then look for re-entry long
once the Stoch lines cross 20 upside. Try to take half of your position when the Stoch lines touch the 80 and wait and follow
price with trailing stop below every Higher Low (every time the stoch leave the oversold zone 20 and touch overbought zone 80 move the SL there below the candles when stoch was in 20 oversold zone )
Money moves the market, not an indicator.
  • #72,366
  • Dec 20, 2017 5:19am Dec 20, 2017 5:19am
Quoting nivlA21
Hi guys, newbie here. yeah, just hope this already being M, if not, im already deadmeat here. {image}
Any strategy shall be used with at least two timeframes. Here some explanations wich you shall try on your own. (this is not a proven strategy, test it on yourself on a demo first, if it will produce good results, you are free to enhance it and develop aditional steps to build your own trading strategy )

Keep in mind, if you want improve your results, study the higher timeframe. The lower timeframe is just for timing the entry
and calculate the risk_reward.

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Money moves the market, not an indicator.
  • #72,367
  • Dec 20, 2017 5:22am Dec 20, 2017 5:22am
strong support at 112.80, I'll buy some there I get a chance....
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Look Sharp/Trade Tight
  • #72,368
  • Dec 20, 2017 6:03am Dec 20, 2017 6:03am
Quoting andoseg2
{quote} Any strategy shall be used with at least two timeframes. Here some explanations wich you shall try on your own. (this is not a proven strategy, test it on yourself on a demo first, if it will produce good results, you are free to enhance it and develop aditional steps to build your own trading strategy ) Keep in mind, if you want improve your results, study the higher timeframe. The lower timeframe is just for timing the entry and calculate the risk_reward. {image} {image} {image} {image} {image}
yeah i think this more better technique,
i think wanna do locking,
and wait more moment, while stay aware the news.
what a high price to learn.
but still many thx.
  • #72,369
  • Dec 20, 2017 6:16am Dec 20, 2017 6:16am
Quoting nivlA21
Hi guys, newbie here. yeah, just hope this already being M, if not, im already deadmeat here. {image}

Take a look https://www.forexfactory.com/showthr...9#post10608229
Money moves the market, not an indicator.
  • #72,370
  • Dec 20, 2017 8:29am Dec 20, 2017 8:29am
Hello I'm thinking now that USD/JPY is hitting resistance, it's time to go short.... What do you think???
  • #72,371
  • Dec 20, 2017 8:34am Dec 20, 2017 8:34am
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This is what I was trying to post earlier...
  • #72,372
  • Dec 20, 2017 8:35am Dec 20, 2017 8:35am
this could be the beginning of a bullish trend towards 119

i went long with a stop at 112, targets are 113.5, 113.9, 114.5, 115, and then 119

it's probably a stupid idea before the BOJ but i'm feeling it in my heart so it should be good
Don't Worry Be Happy
  • #72,373
  • Dec 20, 2017 8:59am Dec 20, 2017 8:59am
It's going down! Of course it might have something to do with the us home inventories & the crude oil inventories..... people are shorting so they can get a low price to buy again.....
  • #72,374
  • Dec 20, 2017 9:03am Dec 20, 2017 9:03am
Good news for U.S....
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  • #72,375
  • Dec 20, 2017 9:08am Dec 20, 2017 9:08am
good day traders, things are shaping up. between uj,gj,and ej. uj is the relative strengthe looser, I believe that gj and ej are about to turn south, uj should stall when gu retests the low. its going to drag gj lower when it happens. then resume flying, last time I seen this the gu move was one candle. which time frame this time this time who kows.
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ej just hit target, 140+ pips. flopped to short.
  • #72,376
  • Dec 20, 2017 10:46am Dec 20, 2017 10:46am
Quoting Mr.Mike
..... people are shorting so they can get a low price to buy again.....
Nonsense.
  • #72,377
  • Dec 20, 2017 4:12pm Dec 20, 2017 4:12pm
i hope some of my posts/predictions were of benefit to some people this week.
managed to hit it right on a few times.
didn't expect it to keep going quite as fast/far up today tho, tho that's because they;ve realised tax bill might means more aggressive fed strategy which is good for dollar.

not sure where it'll go from here for next session or 2 tho as moved up fairly fast

i think it's a good time to stay on the sidelines
  • #72,378
  • Dec 20, 2017 6:54pm Dec 20, 2017 6:54pm
UJ now is down trend at lower time frames like we can see at 5M chart below, they are forming the 5 wave. At H1 we have the 3 wave yet so at HTF the trend still up.
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"In God we trust."
  • #72,379
  • Dec 20, 2017 7:52pm Dec 20, 2017 7:52pm
The USDJPY breaks above the 113.00 level and it seems like it wants to continue rallying to the 114.00 level, which could act as resistance. To the downside, the most relevant support is at the 200 day EMA on the 111.92 level.
  • #72,380
  • Dec 20, 2017 9:07pm Dec 20, 2017 9:07pm
Quoting andoseg2
{quote} Any strategy shall be used with at least two timeframes. Here some explanations wich you shall try on your own. (this is not a proven strategy, test it on yourself on a demo first, if it will produce good results, you are free to enhance it and develop aditional steps to build your own trading strategy ) Keep in mind, if you want improve your results, study the higher timeframe. The lower timeframe is just for timing the entry and calculate the risk_reward. {image} {image} {image} {image} {image}
good job !!!
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