Attachments: USD/JPY Discussion

USD/JPY Discussion

#72,581
Jan 10, 2018 2:05pm Jan 10, 2018 2:05pm

MrPresident
Joined Apr 2017 | Status: trying to make money | 3,341 Posts

Quoting MrPresident

Disliked

if it gets to around 112.8, I feel like selling it because my heart tells me to {image}

Ignored

wow, it worked out well since it is now at 111.3 and probably going to 111

Don't Worry Be Happy

#72,582
Jan 10, 2018 8:21pm Jan 10, 2018 8:21pm

4xjunkie
Joined Dec 2008 | Status: Home School Map Maker | 1,192 Posts

Im long at 111.505 the bat should be complete acheved the 1.1414, now we have a butterfly pattern. the low should be in place.

Attached Image (click to enlarge)

Click to Enlarge

Name: 29.PNG
Size: 121 KB

Eu looking like a short to 1.1910 to me

#72,583
Jan 10, 2018 8:31pm Jan 10, 2018 8:31pm

Starcraftmaz
Joined Mar 2012 | Status: Trader | 1,983 Posts

Also long, I feel like a retest of 112 is going to happen now, and we'll see what comes of it.

#72,584
Jan 10, 2018 9:45pm Jan 10, 2018 9:45pm

4xjunkie
Joined Dec 2008 | Status: Home School Map Maker | 1,192 Posts

Quoting Starcraftmaz

Disliked

Also long, I feel like a retest of 112 is going to happen now, and we'll see what comes of it.

Ignored

If im correct this one should grow up nice and big. you just have to be willing to hold to for a while.

#72,585
Jan 10, 2018 10:21pm Jan 10, 2018 10:21pm

4xjunkie
Joined Dec 2008 | Status: Home School Map Maker | 1,192 Posts

looking like another retest of the lows, trying to recycle

Attached Image (click to enlarge)

Click to Enlarge

Name: 30.PNG
Size: 56 KB

never fight mickey mouse

#72,586
Jan 11, 2018 3:34am Jan 11, 2018 3:34am

Starcraftmaz
Joined Mar 2012 | Status: Trader | 1,983 Posts

Looks like it's being dumped.

#72,587
Jan 11, 2018 4:57am Jan 11, 2018 4:57am

Starcraftmaz
Joined Mar 2012 | Status: Trader | 1,983 Posts

Downwards momentum has been arrested at 111.6

#72,588
Jan 11, 2018 7:19am Jan 11, 2018 7:19am

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

Only a matter of time.

#72,589
Jan 11, 2018 9:33am Jan 11, 2018 9:33am

4xjunkie
Joined Dec 2008 | Status: Home School Map Maker | 1,192 Posts

recycle is good enough for me. long at 111.42.

#72,590
Jan 11, 2018 9:37am Jan 11, 2018 9:37am

MrPresident
Joined Apr 2017 | Status: trying to make money | 3,341 Posts

Quoting 4xjunkie

Disliked

recycle is good enough for me. long at 111.42.

Ignored

i think that is a bad idea because there is still some downside to go and sellers are in control below 112

i would only go long above 112

next support level is at 110.8 and it might get there soon if US inflation data is bad

also, relying on patterns, wave analysis, fibonacci levels, witchcraft, and planetary cycles to make trading decisions is financial suicide because the market is not predictable

Don't Worry Be Happy

#72,591
Jan 11, 2018 9:38am Jan 11, 2018 9:38am

COGSx86
Joined Dec 2013 | Status: Trader | 1,942 Posts

USD is definitely getting weaker

Attached Image (click to enlarge)

Click to Enlarge

Name: USDJPY44.jpg
Size: 244 KB

Learn, a forex trader must, unlearn and relearn he will.

#72,592
Jan 11, 2018 9:58am Jan 11, 2018 9:58am

4xjunkie
Joined Dec 2008 | Status: Home School Map Maker | 1,192 Posts

Quoting MrPresident

Disliked

{quote} i think that is a bad idea because there is still some downside to go and sellers are in control below 112 i would only go long above 112 next support level is at 110.8 and it might get there soon if US inflation data is bad also, relying on patterns, wave analysis, fibonacci levels, witchcraft, and planetary cycles to make trading decisions is financial suicide because the market is not predictable

Ignored

just following my stratagy, yes it is odd for sure, the inconsistentcys in my charts is because the market is dynamic imo. IM just using the tools available to find the turnaround spots. sometimes its a fib, a harmonic pattern or a home school map. what ever it takes to get the correct answer. my strategy says that when price gaps up from the low (107) and 110.5 is not retested then the end of the trend is at 115.49. the market pattern is predictable if you know which one is playing out, and with using fibs tells me what the turnaround price is. I am home schooled after all.

Attached Image (click to enlarge)