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USD/JPY Discussion

  • #73,261
  • Feb 13, 2018 3:06am Feb 13, 2018 3:06am
Seems like my latest long at 107.55 is going to hold out. Thank god I'm not bound by FIFO. A lot of one and done traders get chewed up and spat out by movements like this. Price is holding on to 107.69, with 107.88 being the next reasonable target. I'm hoping for unreasonable, and get 108.05 sometime soon.
  • #73,262
  • Feb 13, 2018 4:12am Feb 13, 2018 4:12am
looks like the 107.50 crew is gonna have their cake....
Look Sharp/Trade Tight
  • #73,263
  • Feb 13, 2018 4:17am Feb 13, 2018 4:17am
Quoting PayTheLimit
looks like the 107.50 crew is gonna have their cake....
Mate, this crew is gonna have their cake , but not before 107.31 is violated cum magna tumultus.....

Patience .

  • #73,264
  • Feb 13, 2018 4:23am Feb 13, 2018 4:23am
Which comes first, not 107.50?

KP

Quoting F.g
{quote} Mate, this crew is gonna have their cake , but not before 107.31 is violated cum magna tumultus..... Patience .
Do your homework, follow the footprints of smart money
  • #73,265
  • Feb 13, 2018 4:34am Feb 13, 2018 4:34am
I don't draw so well, but you get the idea...can of worms to be opened....we'll see on the monthly close...
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #73,266
  • Feb 13, 2018 4:44am Feb 13, 2018 4:44am
Appears to have hit bottom at slightly above 107.50
  • #73,267
  • Feb 13, 2018 5:01am Feb 13, 2018 5:01am
I see 107.29 on my graph but I'm bloody hoping that's it now and we can begin the crawl up somewhat.
I play the trade gamble to feed my Porsche addiction.
  • #73,268
  • Feb 13, 2018 5:53am Feb 13, 2018 5:53am
Thursday was a trend day down, Friday neutral Doji, Yesterday an inside day down slightly, Today once Tokyo opened after being closed for holiday yesterday smashed through multi months lows continuing the .................. down trend hint, hint.

Look at a weekly chart for further evidence of the obvious trend.
  • #73,269
  • Feb 13, 2018 5:56am Feb 13, 2018 5:56am
Oh and there should be a bounce here or soon enough to setup a long trade short trade once bounce is over.
  • #73,270
  • Feb 13, 2018 6:47am Feb 13, 2018 6:47am
I guess 1pm (uk) may see some activity... FOMC member speaks..
I play the trade gamble to feed my Porsche addiction.
  • #73,271
  • Feb 13, 2018 7:13am Feb 13, 2018 7:13am
Phew, that got me out of trouble, for now.
I play the trade gamble to feed my Porsche addiction.
  • #73,272
  • Feb 13, 2018 7:27am Feb 13, 2018 7:27am
[email protected] missed the train i had predicted however.
Your friendly neighbourhood Sith
  • #73,273
  • Feb 13, 2018 8:46am Feb 13, 2018 8:46am
Quoting SunTrader
Oh and there should be a bounce here or soon enough to setup a long trade short trade once bounce is over.
I think we should see a bounce back too.
Your friendly neighbourhood Sith
  • #73,274
  • Edited 12:53pm Feb 13, 2018 8:47am | Edited 12:53pm
Im not really sure why everyone is still holdin on to Dollars,

As for what Im showing, after big price thrusts. price will move to the 142 market of that move, it could go lower after, or it might retrace the full 100%, if it does that, it will more then likely hit the 142 on the other side.

Just something watch, large SLs. Hit rate high, even higher when with the HTF(4Hours+) trend. I personally GRID it.
Attached Image (click to enlarge)
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Learn, a forex trader must, unlearn and relearn he will.
  • #73,275
  • Feb 13, 2018 9:09am Feb 13, 2018 9:09am
if equities continue to be sold off, then this pair is going lower than 107.3 but for now, I think it will go back into range above 108

so, the dip today could be a good buy trade with a stop below 107
Don't Worry Be Happy
  • #73,276
  • Feb 13, 2018 9:20am Feb 13, 2018 9:20am
I think yen pairs are trying their hardest to rally, but the fear from the equities market is spilling over badly.
  • #73,277
  • Feb 13, 2018 9:20am Feb 13, 2018 9:20am
Quoting MrPresident
if equities continue to be sold off, then this pair is going lower than 107.3 but for now, I think it will go back into range above 108 so, the dip today could be a good buy trade with a stop below 107
Equities r falling due to interest rate hikes.I think UJ will decouple itself from impending equities crash soon.
Your friendly neighbourhood Sith
  • #73,278
  • Feb 13, 2018 10:11am Feb 13, 2018 10:11am
Quoting MoneyFocus
I think yen pairs are trying their hardest to rally, but the fear from the equities market is spilling over badly.
Maybe you thought so when you looked earlier. Look again. You're smarter than that.

Unless you mean Yen rallying against the others?
  • #73,279
  • Feb 13, 2018 10:43am Feb 13, 2018 10:43am
USD is trying to rally, can't get it done. Yen is too strong, sellers keeping USD down. Yen is just too strong today; Yen is crushing all currencies today: AUD, CAD, GBP, NZD, and good old USD.
  • #73,280
  • Feb 13, 2018 10:44am Feb 13, 2018 10:44am
It's basically been sitting between 107.70 and 107.50 since the start of the London session. Maybe New York might bring it back up a bit. If not, it's waiting on the Tokyo session to show a bit of short-term pull back. But then again, all it takes is President Trump going on TV and saying that he wants a strong dollar to give this pair a kick in the butt.
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