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USD/JPY Discussion

  • #72,381
  • Dec 20, 2017 11:03pm Dec 20, 2017 11:03pm
We may have an M formation. could make for a nice short trade down, or a buy on the bottom or both. going to hold what I have. looking for 114.5.
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  • #72,382
  • Dec 21, 2017 6:59am Dec 21, 2017 6:59am
Quoting Carl.2020
{quote} The show must go on...112.88 is broken.....what's next? wait and see
113.68 is in sight and in reach. USDJPY is really a favourable surprise, especially when holidays are ahead.

Longers hold on, run into our Christmas gift.
Art thou he that cometh, or look we for another?
  • #72,383
  • Dec 21, 2017 8:18am Dec 21, 2017 8:18am
Quoting MrPresident
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
113.5 reached earlier, now towards 113.9 and beyond
Don't Worry Be Happy
  • #72,384
  • Dec 21, 2017 8:41am Dec 21, 2017 8:41am
No matter how much the left cries this tax bill is looking like it will help the bulls
  • #72,385
  • Dec 21, 2017 11:30am Dec 21, 2017 11:30am
Quoting Seshwaan
No matter how much the left cries this tax bill is looking like it will help the bulls
Bulls and bears are not the same as R's and D's.

Warren Buffett is the most bullish of anyone and he is a D.

As for the tax cut let's not kid ourselves it is for the rich period. And no I am not a D. Or a R. But I am a realist.
What effect this all will have on the dollar is still being decided. UJ usual skitzo range bound today.
  • #72,386
  • Dec 21, 2017 1:39pm Dec 21, 2017 1:39pm
Quoting SunTrader
{quote} Bulls and bears are not the same as R's and D's. Warren Buffett is the most bullish of anyone and he is a D. As for the tax cut let's not kid ourselves it is for the rich period. And no I am not a D. Or a R. But I am a realist. What effect this all will have on the dollar is still being decided. UJ usual skitzo range bound today.

100% agree was just meaning that the left are saying this will be horrible for america but im my opinion it will help the dollar. Didn't mean to make the correlation that bulls = R and bears = D as I know that is not the case. If it were then no-one would ever change their view of the market simply due to their political affiliation!

I will have to respectfully disagree with your view that this bill is soley for the rich but lets not get into that!

No offence meant by the way, I wholeheartedly respect you as a poster here.
  • #72,387
  • Dec 21, 2017 4:34pm Dec 21, 2017 4:34pm
Quoting Seshwaan
... I will have to respectfully disagree with your view that this bill is soley for the rich but lets not get into that! No offence meant by the way, I wholeheartedly respect you as a poster here.
Not solely, mainly, for the rich and yes I agree let's not get into it but then I didn't bring it up originally.

I would add one of the many reasons why I no longer watch any of the financial news channels is because IMO politics gets waaaaay too much airtime.
  • #72,388
  • Dec 21, 2017 4:49pm Dec 21, 2017 4:49pm
Price prowling the daily pivo, any suggestions?
  • #72,389
  • Dec 21, 2017 5:32pm Dec 21, 2017 5:32pm
Counting the reversal Elliott waves we could have the end of 4 and begin of 5 around the 133.43 area. My view to M15:
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"In God we trust."
  • #72,390
  • Dec 21, 2017 9:20pm Dec 21, 2017 9:20pm
There is a bat pattern in play, I don't think it will get under 113.00 this time. if so, then It's 112.80. the traditional target 1 for pattern trading is the 38.2 fib (on my chart its the 61.8) with that, and 113.00 untested. It should make for a decent spot.
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  • #72,391
  • Dec 22, 2017 6:08am Dec 22, 2017 6:08am
Quoting SunTrader
{quote} Not solely, mainly, for the rich and yes I agree let's not get into it but then I didn't bring it up originally. I would add one of the many reasons why I no longer watch any of the financial news channels is because IMO politics gets waaaaay too much airtime.

Agreed!
  • #72,392
  • Dec 22, 2017 10:17am Dec 22, 2017 10:17am
h1 triangle compression. breakout coming. Looking @ EJ H4 likely direction = south.
  • #72,393
  • Dec 22, 2017 11:06am Dec 22, 2017 11:06am
starting a short position in here. Stops @ 113.75. No target yet. Starting to scale in now.
  • #72,394
  • Dec 22, 2017 11:12am Dec 22, 2017 11:12am
Quoting asgcorp
starting a short position in here. Stops @ 113.75. No target yet. Starting to scale in now.
target is 110-111.
  • #72,395
  • Dec 22, 2017 11:44am Dec 22, 2017 11:44am
Quoting asgcorp
{quote} target is 110-111.
Really?
  • #72,396
  • Dec 22, 2017 12:44pm Dec 22, 2017 12:44pm
Quoting entheos
{quote} Really?
Mate , I see you are from China . How come did you choose this NAME ? Do you have knowledge of Greek language ? Where did you study what to arrive there . Many questions . You may answer what you feel comfortable with.
Kind regards

  • #72,397
  • Dec 22, 2017 12:50pm Dec 22, 2017 12:50pm
Merry Christmas everyone
  • #72,398
  • Dec 22, 2017 1:08pm Dec 22, 2017 1:08pm
Quoting entheos
{quote} Really?
that's what I got based on my TA. I might be wrong. That's why I'm starting to scale here, not going all-in. No need to be a hero.
  • #72,399
  • Dec 22, 2017 2:31pm Dec 22, 2017 2:31pm
Quoting asgcorp
starting a short position in here. Stops @ 113.75. No target yet. Starting to scale in now.
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im with you on this one some nice looking daily candles to short against 113.63 stop thinking at least 80 pips south.
  • #72,400
  • Dec 22, 2017 2:42pm Dec 22, 2017 2:42pm
Quoting OpenRoad
{quote} {image}im with you on this one some nice looking daily candles to short against 113.63 stop thinking at least 80 pips south.
let's see what we get. 3 things I'm not so happy about atm - USDJPY - strong seasonality in Jan. On weekly - weird pattern - looks like sandwich to me. Finally, I see AUDUSD flipping south soon, though no direct link, they tend to move in opposite direction (loosing this link recently).

So just scaling in, won't swim against the current.
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