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USD/JPY Discussion

  • #73,641
  • Feb 23, 2018 8:54am Feb 23, 2018 8:54am
Quoting MrPresident
sell the rallies i have a feeling that it will go below 106.5 and not above 107
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The trend line and the box is my only form of protection right now, where have you set you SL?
To Pipccess and Beyond
  • #73,642
  • Feb 23, 2018 9:02am Feb 23, 2018 9:02am
5M harmonics

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Lets pray its gartley lol
To Pipccess and Beyond
  • #73,643
  • Feb 23, 2018 9:02am Feb 23, 2018 9:02am
Quoting forexin101
{quote} {image} The trend line and the box is my only form of protection right now, where have you set you SL?


I am longterm bearish on UJ so have a wide stop
  • #73,644
  • Feb 23, 2018 9:10am Feb 23, 2018 9:10am
Quoting sheryarforex
Starting my short entries from here till 108.20ish area SL depends on PA. {image}
SL 108.00
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  • #73,645
  • Feb 23, 2018 9:18am Feb 23, 2018 9:18am
I'm always amazed at the power of outside bars. Two bearish outside bars on the UJ 15M, and both worked out to the first target. The first was right into demand but it still held and eventually priced pushed down to the lows (at this time). 2nd was bigger and more sporadic, but worked like a charm.
  • #73,646
  • Feb 23, 2018 9:20am Feb 23, 2018 9:20am
Key support has been broken
To Pipccess and Beyond
  • #73,647
  • Feb 23, 2018 9:23am Feb 23, 2018 9:23am
Quoting unlv_tj
I'm always amazed at the power of outside bars. Two bearish outside bars on the UJ 15M, and both worked out to the first target. The first was right into demand but it still held and eventually priced pushed down to the lows (at this time). 2nd was bigger and more sporadic, but worked like a charm.
If possible could you do a screenshot showing it?
To Pipccess and Beyond
  • #73,648
  • Edited 9:41am Feb 23, 2018 9:30am | Edited 9:41am
Quoting forexin101
{quote} If possible could you do a screenshot showing it?
I would never trade these in isolation, I combine them with my knowledge of supply and demand and an idea of what the HTF charts are showing.
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  • #73,649
  • Feb 23, 2018 10:18am Feb 23, 2018 10:18am
Quoting MrPresident
sell the rallies i have a feeling that it will go below 106.5 and not above 107
It could, lots of fed speak, no real econ news left, so probably low volume with erratic moves. Went to the store for some weekend goodies,came back
it dropped and rebounded. Personally don't like to trade these markets, but interesting to see where it ends. Trade safe.
My 30 minute and 5min chart I'm looking at.
regards,
goma
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  • #73,650
  • Feb 23, 2018 10:32am Feb 23, 2018 10:32am
Quoting MrPresident
sell the rallies i have a feeling that it will go below 106.5 and not above 107
a small bounce from 106.5, but there is more downside to go

same with CAD/JPY, AUD/JPY, NZD/JPY, and CHF/JPY

i don't know what GBP/JPY is doing
Don't Worry Be Happy
  • #73,651
  • Feb 23, 2018 10:34am Feb 23, 2018 10:34am
Quoting MrPresident
{quote} a small bounce from 106.5, but there is more downside to go same with CAD/JPY, AUD/JPY, NZD/JPY, and CHF/JPY i don't know what GBP/JPY is doing
I think so too, I went in for one more cheeky trade to the downside
To Pipccess and Beyond
  • #73,652
  • Feb 23, 2018 10:35am Feb 23, 2018 10:35am
Quoting goma
{quote} My 30 minute and 5min chart I'm looking at. regards, goma {image} {image}
Goma, do you not trade with candlesticks?
To Pipccess and Beyond
  • #73,653
  • Feb 23, 2018 11:05am Feb 23, 2018 11:05am
Quoting forexin101
{quote} Goma, do you not trade with candlesticks?
No. Lines mostly, on occasion I'll use OHLC bars for slow moving markets or I am unsure of key attraction levels. But if I feel too unsure I will not trade.
regards,
goma
  • #73,654
  • Feb 23, 2018 11:12am Feb 23, 2018 11:12am
stocks not doing much, if this continues, then there may be a deeper correction
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Don't Worry Be Happy
  • #73,655
  • Feb 23, 2018 11:15am Feb 23, 2018 11:15am
Some more harmonics

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To Pipccess and Beyond
  • #73,656
  • Feb 23, 2018 11:16am Feb 23, 2018 11:16am
Quoting MrPresident
stocks not doing much, if this continues, then there may be a deeper correction {image}
Elliot Wave analysis may come in useful here
To Pipccess and Beyond
  • #73,657
  • Feb 23, 2018 11:36am Feb 23, 2018 11:36am
you have to be like a whale shark when trading this pair, open your mouth wide and eat the pips

"The whale shark is a slow-moving, filter-feeding carpet shark and the largest known extant fish species. The largest confirmed individual had a length of 12.65 m and a weight of about 21.5 t." ~wikipedia

put in a wide stop and a big profit target, sell rallies
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Don't Worry Be Happy
  • #73,658
  • Feb 23, 2018 12:07pm Feb 23, 2018 12:07pm
So far so good! Just a little perturbed as I'm not fond of carrying over the weekend! If I can get more distance from my average entry, different story...
  • #73,659
  • Feb 23, 2018 12:27pm Feb 23, 2018 12:27pm
Quoting MrPresident
you have to be like a whale shark when trading this pair, open your mouth wide and eat the pips "The whale shark is a slow-moving, filter-feeding carpet shark and the largest known extant fish species. The largest confirmed individual had a length of 12.65 m and a weight of about 21.5 t." ~wikipedia put in a wide stop and a big profit target, sell rallies {image}
The real big killer whale BoJ won't do anything or threaten until near 100 . She still has room to go down .
  • #73,660
  • Feb 23, 2018 12:35pm Feb 23, 2018 12:35pm
Never thought of looking at the market in terms of crustaceans and mammals. I usually trade the cornflakes to the cheerios, but will add pancakes when it hits the muffin!
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