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USD/JPY Discussion

  • #72,601
  • Jan 11, 2018 1:00pm Jan 11, 2018 1:00pm
111 and 110.9 are pretty strong support levels. Pretty big day for this pair. Could hit close to a 100 pip move. Holding some longs from the 111.15-111.3 area. Placing some stronger positions at 111 and 110.9. I don't think this pair has much gas in the tank for a bearish move. Like the other yen pairings, they've been dropping fast and hard this week. Not convinced it's time to abandon ship on some short term longs.
  • #72,602
  • Jan 11, 2018 1:06pm Jan 11, 2018 1:06pm
UJ fighting for dear life lol.
  • #72,603
  • Jan 11, 2018 1:08pm Jan 11, 2018 1:08pm
Today's range is "only" half yesterday's. Still got room to run.

If (big two letter word) price holds and closes near day's open it could possible move higher tomorrow and into next week. On the other hand if it does not got a lot more downside 110-109 or even Sept lows.
  • #72,604
  • Jan 11, 2018 1:37pm Jan 11, 2018 1:37pm
Quoting MrPresident
{quote} ... because the market is not predictable
100% of the time.
  • #72,605
  • Jan 11, 2018 1:39pm Jan 11, 2018 1:39pm
Quoting SunTrader
Today's range is "only" half yesterday's. Still got room to run. If (big two letter word) price holds and closes near day's open it could possible move higher tomorrow and into next week. On the other hand if it does not got a lot more downside 110-109 or even Sept lows.
You ought to work on your math. Yesterday was about 110 pips. Today so far has been about 83.
  • #72,606
  • Jan 11, 2018 1:50pm Jan 11, 2018 1:50pm
In my RADAR
Attached Image (click to enlarge)
Click to Enlarge Name: uj.png Size: 47 KB
  • #72,607
  • Jan 11, 2018 1:51pm Jan 11, 2018 1:51pm
Quoting 4xNewGuy
{quote} You ought to work on your math. Yesterday was about 110 pips. Today so far has been about 83.
your math needs a little work also, yesterdays range was 152 pips....
Look Sharp/Trade Tight
  • #72,608
  • Jan 11, 2018 2:03pm Jan 11, 2018 2:03pm
why cant we all get along..
  • #72,609
  • Jan 11, 2018 2:06pm Jan 11, 2018 2:06pm
Quoting 4xNewGuy
{quote} You ought to work on your math. Yesterday was about 110 pips. Today so far has been about 83.
You ought to.

Yesterday's range was 1.516 - not about but exactly that.

Today's range, at the time I posted the previous message, was 0.802

or 52.9% of the prior day, close enough for me at least to 50%
  • #72,610
  • Jan 11, 2018 2:10pm Jan 11, 2018 2:10pm
Quoting MoneyFocus
why cant we all get along..
i know, it's a sad world and life is too short to have arguments and fights
Don't Worry Be Happy
  • #72,611
  • Jan 11, 2018 2:12pm Jan 11, 2018 2:12pm
Quoting erick8
It is incredible the impulse that the yen has taken against the dollar if we take into account that all the "experts" say that the Japanese economy is in trouble, that it is not growing and that the level of its debt is unsustainable
the economy is in trouble because there is deflation and the yen is strengthening

yen should be weakening against the dollar
Don't Worry Be Happy
  • #72,612
  • Jan 11, 2018 2:30pm Jan 11, 2018 2:30pm
USD JPY.

looking for possible entry at demand zone,
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 016.jpg Size: 246 KB
  • #72,613
  • Jan 11, 2018 3:07pm Jan 11, 2018 3:07pm
Quoting SunTrader
{quote} You ought to. Yesterday's range was 1.516 - not about but exactly that. Today's range, at the time I posted the previous message, was 0.802 or 52.9% of the prior day, close enough for me at least to 50%
My bad. I should have mentioned I count the start of the trading day at 8pm est, when the Tokyo session starts. I've found including the 5pm-8pm area clouds my judgement a bit when I'm looking at when to calculate the retracement from the daily movement.
  • #72,614
  • Jan 11, 2018 3:13pm Jan 11, 2018 3:13pm
Quoting 4xNewGuy
{quote} My bad. I should have mentioned I count the start of the trading day at 8pm est, when the Tokyo session starts. I've found including the 5pm-8pm area clouds my judgement a bit when I'm looking at when to calculate the retracement from the daily movement.
No problemo. I prefer 5 equal days of 5pm to 5pm. To each their own.
  • #72,615
  • Jan 11, 2018 4:52pm Jan 11, 2018 4:52pm
Quoting Fxpat2000
USD JPY. looking for possible entry at demand zone, {image}
where is ur tp for this trade?
Keep the Lights on then you can catch the rise from the dark.
  • #72,616
  • Jan 11, 2018 7:31pm Jan 11, 2018 7:31pm
Can someone explain to me what counting the previous days movement does for your trade and deciding to enter or not enter a trade?

Thanks in advance.
  • #72,617
  • Jan 11, 2018 8:39pm Jan 11, 2018 8:39pm
Mr, DarthPip how good it is to see you, Have you enjoyed the fun.?
  • #72,618
  • Jan 11, 2018 9:01pm Jan 11, 2018 9:01pm
Here is my best guess for the current situation.
Attached Image (click to enlarge)
Click to Enlarge Name: 32.PNG Size: 79 KB
Pleasantry's did not entice him out, maybe some bait will.
  • #72,619
  • Jan 11, 2018 9:07pm Jan 11, 2018 9:07pm
Quoting ricmaj
{quote} where is ur tp for this trade?
113.500.

I'm swing trader, as will hold this in long term.
  • #72,620
  • Jan 11, 2018 9:55pm Jan 11, 2018 9:55pm
Quoting 4xjunkie
Mr, DarthPip how good it is to see you, Have you enjoyed the fun.?
Thanks bud.Still enjoying my holidays.Fixing cabinets and other backlogged stuff at home during my timeoff which keeps me busy.

Yeah i closed my shorts yesterday at 111.39 for 150 green pips.Sitting on fence right now.
Your friendly neighbourhood Sith
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