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USD/JPY Discussion

  • #72,801
  • Edited 9:33am Jan 24, 2018 9:21am | Edited 9:33am
well its hunting for 109.00 if it cracks that open its 108.40 ish there is some fig confluence at 109
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  • #72,802
  • Jan 24, 2018 9:25am Jan 24, 2018 9:25am
LOD could be set today but I'll stick to my plan.
  • #72,803
  • Jan 24, 2018 9:33am Jan 24, 2018 9:33am
Quoting MoneyFocus
Could be worth taking a long here..109.54
well.............
  • #72,804
  • Jan 24, 2018 9:34am Jan 24, 2018 9:34am
Quoting SunTrader
LOD could be set today but I'll stick to my plan.
whats LOD ? Low of day?
  • #72,805
  • Jan 24, 2018 9:35am Jan 24, 2018 9:35am
Quoting 4xjunkie
{quote} whats LOD ? Low of day?
i should think so.

question is, will a new one be made tomorrow in Asian session.
  • #72,806
  • Jan 24, 2018 9:48am Jan 24, 2018 9:48am
Quoting MoneyFocus
{quote} i should think so. question is, will a new one be made tomorrow in Asian session.
possiable, asia has been known for the lows. how long ago did the eu markets close? I still think were close, xau is almost a double top right now.
  • #72,807
  • Jan 24, 2018 9:50am Jan 24, 2018 9:50am
Eu markets closed at 17h
  • #72,808
  • Jan 24, 2018 10:35am Jan 24, 2018 10:35am
Yet another reason I don't trade against the trend - the Dollar is just getting crushed against all major pairs today.

Trend = easy way, counter trend = hard way. Doesn't mean don't but I'll take easy over hard every time.
  • #72,809
  • Jan 24, 2018 10:36am Jan 24, 2018 10:36am
Quoting MoneyFocus
Could be worth taking a long here..109.54
I am on the short side after the 110.000 breakout. USD very unwanted now so I am thinking 107.800 area for long on a bounce. Until then, keeping stops above 110.000 as this should be big time resistance. Will scale out and in as we start back up towards 110.000 after Tokyo opens.
Ecclesiastes 1:9
  • #72,810
  • Jan 24, 2018 8:18pm Jan 24, 2018 8:18pm
will it bounce?
  • #72,811
  • Jan 24, 2018 8:26pm Jan 24, 2018 8:26pm
i think will down again in few hours
  • #72,812
  • Jan 24, 2018 8:38pm Jan 24, 2018 8:38pm
Im thinking its going to find 109.00 a really tuff spot here, then pa should change noticeably. not necessarily large movement's yet, it has a hangover to shake off, how many of you, see really choppy pa on the 1m chart? there all a little different, that is the one you want to watch, my mt4 is not showing it but another chart feed is showing choppy p.a.

I think eu is a short here at 1.2420
  • #72,813
  • Jan 24, 2018 11:09pm Jan 24, 2018 11:09pm
The market is teasing me printed my Inatals, its tryint like hell just cant get any traction under 109. I believe its over.
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  • #72,814
  • Jan 24, 2018 11:19pm Jan 24, 2018 11:19pm
Quoting 4xjunkie
Im thinking its going to find 109.00 a really tuff spot here, then pa should change noticeably. not necessarily large movement's yet, it has a hangover to shake off, how many of you, see really choppy pa on the 1m chart? there all a little different, that is the one you want to watch, my mt4 is not showing it but another chart feed is showing choppy p.a. I think eu is a short here at 1.2420
I think you're right. The USD just got hammered yesterday. The GBP/USD which would move 70-100 pips on a good day, moved over 240. A lot of pairs against the USD had uncharacteristically strong moves. If there was a major news release, that's understandable, but nothing major happened news wise. My original start for my long at 109.50 didn't pan out, but it seems there isn't much interest moving below 109.00. Now, it is just the asian session, and it's had a rather large one. But when that one whips big, there's usually not much follow through from the London and New York sessions.

Rolling with a few small longs from the 109 area up to 109.55. During yesterday's drop, it seemed to provide a nice ceiling for it. It might take into next week for it to turn around, but I'm fairly confident that this is the end of the drop, or at least very near it. 108.85, 108.71, and 108.54 are the next ones down the list, but I don't see another big swing down happening.
  • #72,815
  • Jan 24, 2018 11:37pm Jan 24, 2018 11:37pm
Quoting 4xNewGuy
{quote} I think you're right. The USD just got hammered yesterday. The GBP/USD which would move 70-100 pips on a good day, moved over 240. A lot of pairs against the USD had uncharacteristically strong moves. If there was a major news release, that's understandable, but nothing major happened news wise. My original start for my long at 109.50 didn't pan out, but it seems there isn't much interest moving below 109.00. Now, it is just the asian session, and it's had a rather large one. But when that one whips big, there's usually not much follow through...
yes we are finally there I believe another bounce off of the upper low and its off just waiting for conformation with p.a. then it will develop slow but she will be a nice ride, just unsure about where at this point should see 114.00 again, for a lower target going to have to see how it develops. the cadence will be for the lows something like xxx.50, then xxx.80 then go. go is going to have 3 very strong moves up. the initials is a real thing. just remembered it when i seen it. yes most pairs are in for a turnaround, for several hundred pips. I got eu at 1.1910. i just forgot it went through the whole numper first, still a valid trade with a 10-15 pip stop going off of memory from 4-5 years ago. and further back.
darth pip is now allowed to read this. He may win the sentiment trade. im not going to tell him when.
  • #72,816
  • Jan 25, 2018 12:44am Jan 25, 2018 12:44am
Quoting 4xjunkie
{quote} yes we are finally there I believe another bounce off of the upper low and its off just waiting for conformation with p.a. then it will develop slow but she will be a nice ride, just unsure about where at this point should see 114.00 again, for a lower target going to have to see how it develops. the cadence will be for the lows something like xxx.50, then xxx.80 then go. go is going to have 3 very strong moves up. the initials is a real thing. just remembered it when i seen it. yes most pairs are in for a turnaround, for several hundred...
at this point strike that, that is a different version apparently. good luck. going to have to let thigs develope some more, these markets cant only go one direction forever.
  • #72,817
  • Jan 25, 2018 2:38am Jan 25, 2018 2:38am
i'm thinking of UJ might go down quite far..


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  • #72,818
  • Jan 25, 2018 5:49am Jan 25, 2018 5:49am
USD went down, down, down And the flames went higher.
And it burns, burns, burns
The ring of fire
Learn, a forex trader must, unlearn and relearn he will.
  • #72,819
  • Jan 25, 2018 7:14am Jan 25, 2018 7:14am
The trend, the trend. LOL.
  • #72,820
  • Jan 25, 2018 8:30am Jan 25, 2018 8:30am
Longed at 108.87 and 8.95 SL @ 108.62

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