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USD/JPY Discussion

  • #73,621
  • Feb 22, 2018 12:33pm Feb 22, 2018 12:33pm
Quoting forexin101
{quote} I have a short position based on the COT data they I hope in keeping provided sellers and buyer remain consistent weekly
Be careful relying on the COT for more intraday activity. I think this info which isn't absolutely current, has it's place based on the time frame you choose to trade. COT reports to me are more for investment style traders longer term, so be cautious in using them for daily activities!
  • #73,622
  • Feb 22, 2018 12:44pm Feb 22, 2018 12:44pm
looks like 106.3 is next, it is failing to get higher
Don't Worry Be Happy
  • #73,623
  • Feb 22, 2018 12:50pm Feb 22, 2018 12:50pm
Quoting forexin101
{quote} I have a short position based on the COT data they I hope in keeping provided sellers and buyer remain consistent weekly
COT data I'll have to check that out. Does anyone have any quick info?
  • #73,624
  • Feb 22, 2018 12:52pm Feb 22, 2018 12:52pm
flip flop action in stocks shows uncertainty, i think bears will win in USD/JPY
Attached Image (click to enlarge)
Click to Enlarge Name: download (2).png Size: 169 KB
Don't Worry Be Happy
  • #73,625
  • Feb 22, 2018 1:42pm Feb 22, 2018 1:42pm
Some resistance at 106.650 but once/if that breaks then we may well be heading much further south
  • #73,626
  • Feb 22, 2018 1:51pm Feb 22, 2018 1:51pm
Quoting Seshwaan
Some resistance at 106.650 but once/if that breaks then we may well be heading much further south
Support is below, resistance above.
  • #73,627
  • Feb 22, 2018 2:14pm Feb 22, 2018 2:14pm
USD/JPY lookes juicy for a call soon. As long as Euro keeps the aggresive downtrend here, divergence will be in play with this asset, and come the next golden ratio support I shall long for a long.
  • #73,628
  • Feb 22, 2018 2:36pm Feb 22, 2018 2:36pm
Quoting SunTrader
{quote} Support is below, resistance above.

Yeah my bad.. I have a habit of calling it resistance when it is " in the way" of what I determine the trend direction to be
  • #73,629
  • Feb 22, 2018 2:50pm Feb 22, 2018 2:50pm
Quoting nealpek
For me, this is my concern on the short trade. I'll be watching price very closely as it approaches this area on the 4hr chart! {image}
Neal,
This is approaching about a 100 or so pip range on my weekly charts. I've been trading it down (scalping) on the smaller time frames, but the range between about 105.5to 106.5 looks to be a good tradeable range for me. Both charts are the same (one with more garnish).
good luck,
regards
goma
Attached Image(s) (click to enlarge)
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  • #73,630
  • Feb 22, 2018 2:50pm Feb 22, 2018 2:50pm
Can anyone direct me to website that posts real time DOW, S&P, etc indexes without the 10 or 15 minute idiotic delay?
  • #73,631
  • Feb 22, 2018 2:57pm Feb 22, 2018 2:57pm
Goma, same thoughts. The lowest green line is what was on my radar as a target and for a bounce. I have the intraday levels marked off on the way down, so I'll gauge how to "Play" it when price gets there. If it continues to behave and price action doesn't take it "out of bounds" I'll stick with it and continue to add! The area on the 4hr i highlighted is the only "problem I see. Time will tell!!
Chart looks good, nice and clean! not many traders use it! Happy trading...
  • #73,632
  • Feb 22, 2018 2:58pm Feb 22, 2018 2:58pm
Quoting nealpek
Can anyone direct me to website that posts real time DOW, S&P, etc indexes without the 10 or 15 minute idiotic delay?
CNBC

Only thing is I believe quote updates but chart doesn't. But I use it only for intl' indices so not sure.
  • #73,633
  • Feb 22, 2018 3:04pm Feb 22, 2018 3:04pm
thanks Sun! Guess what level the DOW closed under,lol?
  • #73,634
  • Feb 22, 2018 3:32pm Feb 22, 2018 3:32pm
Quoting nealpek
{quote} Be careful relying on the COT for more intraday activity. I think this info which isn't absolutely current, has it's place based on the time frame you choose to trade. COT reports to me are more for investment style traders longer term, so be cautious in using them for daily activities!
Yeah, I'm with you 100% I use it as a longer-term strategy where I'll hold the position for weeks to months
To Pipccess and Beyond
  • #73,635
  • Feb 22, 2018 3:33pm Feb 22, 2018 3:33pm
Quoting Jr123
{quote} COT data I'll have to check that out. Does anyone have any quick info?
https://www.babypips.com/learn/forex...traders-report

Good starting point
To Pipccess and Beyond
  • #73,636
  • Feb 22, 2018 9:43pm Feb 22, 2018 9:43pm
Quoting forexin101
{quote} https://www.babypips.com/learn/forex...traders-report Good starting point
Thanks
  • #73,637
  • Feb 23, 2018 4:59am Feb 23, 2018 4:59am
Solid support at 104.
  • #73,638
  • Feb 23, 2018 5:55am Feb 23, 2018 5:55am
Quoting arigoldman
Solid support at 104.
Lets hope it gets there, this morning it was like watching paint dry
To Pipccess and Beyond
  • #73,639
  • Feb 23, 2018 8:19am Feb 23, 2018 8:19am
sell the rallies

i have a feeling that it will go below 106.5 and not above 107
Don't Worry Be Happy
  • #73,640
  • Feb 23, 2018 8:52am Feb 23, 2018 8:52am
Quoting MrPresident
sell the rallies i have a feeling that it will go below 106.5 and not above 107

This is my view also, added to shorts.
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