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USD/JPY Discussion

  • #73,441
  • Edited 3:45am Feb 20, 2018 3:14am | Edited 3:45am
closing in on last weeks mid, waiting to see if there are any sellers up here, maybe look for a scalp....
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 44 KB
Look Sharp/Trade Tight
  • #73,442
  • Feb 20, 2018 3:17am Feb 20, 2018 3:17am
Quoting PayTheLimit
closing in on last weeks mid, waiting to see if there are any sellers up here, maybe look for a scalp.... {image}
What the Q and M resistance stand for?
To Pipccess and Beyond
  • #73,443
  • Feb 20, 2018 3:50am Feb 20, 2018 3:50am
Quoting forexin101
{quote} What the Q and M resistance stand for?

Quarter of last weeks range, and the mid of last weeks range...
Look Sharp/Trade Tight
  • #73,444
  • Feb 20, 2018 6:38am Feb 20, 2018 6:38am
Anyone shorting at this time?

Here are all the resistances.

Next resistance: 107.404, 107.901
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 47 KB
  • #73,445
  • Feb 20, 2018 6:42am Feb 20, 2018 6:42am
Quoting altzspec
Anyone shorting at this time? Here are all the resistances. {image}
IMO, very plausible.

107.17
  • #73,446
  • Feb 20, 2018 6:46am Feb 20, 2018 6:46am
This is H4 chart.

Still Bearish

Strong resistance at 108.263
Top of channel: 108.126 (value will be lower over time).

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 50 KB
  • #73,447
  • Feb 20, 2018 7:15am Feb 20, 2018 7:15am
still possible that it will get to 108.5 or higher
Don't Worry Be Happy
  • #73,448
  • Feb 20, 2018 7:27am Feb 20, 2018 7:27am
Anyone who is brave to short later, let us know. Thanks.
  • #73,449
  • Feb 20, 2018 7:32am Feb 20, 2018 7:32am
Quoting altzspec
Anyone who is brave to short later, let us know. Thanks.
i put a sell limit at 108, stop loss at 109, target 105
Don't Worry Be Happy
  • #73,450
  • Feb 20, 2018 8:22am Feb 20, 2018 8:22am
Prez, For whatever reasons you feel the need to make me aware that my methods are sub par, or if my presence on this thread somehow threatens you in some way, that's your business. It's not the first time, and mean spiritedness has no place here. I share parts of what I know about trading as do you, after all this is a trading forum. I'm not interested in jostling with any poster, but enjoy open debate and analysis about trading! Please keep your personal "stuff" to yourself as this isn't the place for it. Any criticism or critique of any trades I post or any debate about analysis or thoughts are welcomed by all traders. That's the way it should be....
  • #73,451
  • Feb 20, 2018 8:26am Feb 20, 2018 8:26am
Price sure bounced strongly from the September low and then the supply zone from Feb. 14th as well.

I should have had a short order in this area, but I didn't think a low from that long ago would react that strongly to the up move we are seeing this week. Mistake on my part.
  • #73,452
  • Feb 20, 2018 8:51am Feb 20, 2018 8:51am
Quoting nealpek
unlv, you might get your short a little sooner! Interesting area! Ny open, near the 107 handle! At this time, The level between the 2 black lines is the trading zone for me to go short. Price must pop through the bottom of the orange box and lower black line for confirmation. We'll see.... {image}
Nealpek, I love your chart, thank you for sharing. The short I felt I missed has already played out. I didn't take it due to the strong move up this morning. I have attached a chart, the gray box shows the supply area it bounced off of and the red line is a weekly low from last September.

I am very interested in how you trade, so everything you share is GREATLY appreciated. I am only showing you what I do so you have an idea of where I come from, and hopefully it isn't too "off the wall" to you.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 44 KB
  • #73,453
  • Feb 20, 2018 8:55am Feb 20, 2018 8:55am
Quoting nealpek
Prez, For whatever reasons you feel the need to make me aware that my methods are sub par, or if my presence on this thread somehow threatens you in some way, that's your business. It's not the first time, and mean spiritedness has no place here. I share parts of what I know about trading as do you, after all this is a trading forum. I'm not interested in jostling with any poster, but enjoy open debate and analysis about trading! Please keep your personal "stuff" to yourself as this isn't the...
yes, your methods are sub par and i'm criticizing your analysis

you are the one that started to make things up about what I wrote earlier because I was right, and then you wrote that I watch porn because you couldn't understand that USD/JPY will go up in price
Don't Worry Be Happy
  • #73,454
  • Feb 20, 2018 8:57am Feb 20, 2018 8:57am
BTW Nealpek, I do understand the reason your black lines are where they are located, as we discussed in our PM last week. Thank you.
  • #73,455
  • Feb 20, 2018 8:58am Feb 20, 2018 8:58am
Quoting MrPresident
{quote} yes, your methods are sub par and i'm criticizing your analysis you are the one that started to make things up about what I wrote earlier because I was right, and then you wrote that I watch porn because you couldn't understand that USD/JPY will go up in price
I don't want to get into the middle of this, can we just agree to disagree and move on?

I learned with a group of guys whose stops were very comparable to Nealpek's, but their methods were a little different, and they would drop down to 1M charts and have very low stop losses and have a high win % and over 1:1 R:R. It is possible, it is just another way to trade.
  • #73,456
  • Edited 9:28am Feb 20, 2018 9:05am | Edited 9:28am
There doesn't seem to be any hope for you Prez, perhaps an anger management course might help....
Anyways unlv, this is it on the hourly. Orange box is supply, you need to redraw your zones slightly.
Black lines are what we discussed plus the confirmation of failure at the level, so we have confluence. I'm already short...
Further price action will add to the confirmation. If something appears to null the analysis, I scratch the trade!!
The tradeoff to this style is if I'm right I'm in early, If I'm wrong, small manageable loss....
  • #73,457
  • Feb 20, 2018 9:09am Feb 20, 2018 9:09am
Quoting nealpek
There doesn't seem to be any hope for you Prez, perhaps an anger management course might help.... Anyways unlv, this is it on the hourly. Orange box is supply, you need to redraw your zones slightly. Black lines are what we discussed plus the confirmation of failure at the level, so we have confluence. I'm already short... Further price action will add to the confirmation. If something appears to null the analysis, I scratch the trade!! {image}
haha, i'm definitely not angry, i'm just profitable hahaha
Don't Worry Be Happy
  • #73,458
  • Edited 9:28am Feb 20, 2018 9:15am | Edited 9:28am
Same analysis on the 30, Slightly different zones, same principal
  • #73,459
  • Feb 20, 2018 9:16am Feb 20, 2018 9:16am
Prez, you truly are an *sshole! Please refrain from any more comments....
  • #73,460
  • Feb 20, 2018 9:21am Feb 20, 2018 9:21am
I appreciate it Nealpek. Is your bottom black line your first target and if that gets consumed then you look to add to your short position?
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