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USD/JPY Discussion

  • #73,981
  • Mar 2, 2018 7:30am Mar 2, 2018 7:30am
short USD/JPY and all your dreams will come true

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Don't Worry Be Happy
  • #73,982
  • Mar 2, 2018 7:57am Mar 2, 2018 7:57am
Add +1 Long , i want drink scotch too.
Together we can be strongest
Vantage Return This Month: na
  • #73,983
  • Mar 2, 2018 7:59am Mar 2, 2018 7:59am
Neal, where are you seeing the bottom of this?
  • #73,984
  • Mar 2, 2018 8:05am Mar 2, 2018 8:05am
Now 105.42 Low=105.25 A move through 105.66 is very bullish for me and signifies the end of this bearish cycle .

  • #73,985
  • Mar 2, 2018 8:18am Mar 2, 2018 8:18am
Quoting palpite
Add +1 Long , i want drink scotch too.
Going long, might have to settle for Ripple. And I don't mean the coin.
  • #73,986
  • Mar 2, 2018 8:27am Mar 2, 2018 8:27am
Wrong I was!


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140 pips, your welcome!


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Learn, a forex trader must, unlearn and relearn he will.
  • #73,987
  • Mar 2, 2018 8:37am Mar 2, 2018 8:37am
Quoting nealpek
People, keep in mind that the overall large picture points south. Every little bottoming action doesn't mean the big picture has changed. This is how traders get crushed, trying to pick every bottom. Look at your charts, don't freak out to participate, and use common sense. Wouldn't it be more prudent to look for a way to join the larger picture and join the trend after price rises? Trading is about probabilities. The most probable event is price will continue to go south. Go with what your eyes see, not what your brain tells you to do! Which way...
are you not doing the rotation system anymore?
Don't Worry Be Happy
  • #73,988
  • Mar 2, 2018 8:47am Mar 2, 2018 8:47am
Quoting nealpek
Rotations have their place and time. The upper pile in the late 106's and early 107's was fun to play with. These areas are simply setups for larger moves I anticipate are coming. As market structures are broken and stops collected along the way, I have a pretty good idea which side of the market they're loading up on! When I see this, I switch from rotational to directional as my overall goal is to catch the vertical flight levy that must happen!

do u think it would touch 104 today ? What about next week
  • #73,989
  • Edited 9:22am Mar 2, 2018 8:51am | Edited 9:22am
Support Becomes Resistance.

Keep your stops well above 107.30 as the movers might try to trigger more longs there. Stay short and swing for the fences on this one. My first target is 103.70 area but holding on to a little for what should be the final push later this month as repatriation flows combined with political unrest take this towards par. This is trend traders dream

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Ecclesiastes 1:9
  • #73,990
  • Mar 2, 2018 8:58am Mar 2, 2018 8:58am
Quoting COGSx86
Wrong I was! {image} 140 pips, your welcome! {image}
I am kicking myself for not entering a trade on the retest of the obvious flip zone where buyers and sellers were located as the trend down turned very strong.
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  • #73,991
  • Mar 2, 2018 8:59am Mar 2, 2018 8:59am
I just looked at the percentage of traders in U/J on FF. An unbelievable 67% are long, trying to catch a falling knife. Good luck with that!!!!
  • #73,992
  • Mar 2, 2018 9:00am Mar 2, 2018 9:00am
Quoting Sossos
I just looked at the percentage of traders in U/J on FF. An unbelievable 67% are long, trying to catch a falling knife. Good luck with that!!!!
they are circus artists
Don't Worry Be Happy
  • #73,993
  • Mar 2, 2018 9:01am Mar 2, 2018 9:01am
Quoting newbegger
Resistance becomes support....
Backwards. The rest that follows agree.
  • #73,994
  • Mar 2, 2018 9:04am Mar 2, 2018 9:04am
I guess if you went out and drove the wrong way on a freeway you shouldn't be surprised to be in a head-on crash. Seems like an equivalent comparison.
  • #73,995
  • Mar 2, 2018 9:15am Mar 2, 2018 9:15am
Quoting SunTrader
{quote} Backwards. The rest that follows agree.
Opps! Was typing fast before UoM report. Thanks for the correction
Ecclesiastes 1:9
  • #73,996
  • Mar 2, 2018 9:19am Mar 2, 2018 9:19am
Not up to speed on all of the world events coming! Can someone highlight the next immediate events, like italian elections coming up?
  • #73,997
  • Mar 2, 2018 9:21am Mar 2, 2018 9:21am
Quoting nealpek
Not up to speed on all of the world events coming! Can someone highlight the next immediate events, like italian elections coming up?
https://www.reuters.com/article/us-g...-idUSKCN1GE18V

http://www.cbc.ca/news/world/italy-e...cism-1.4556840
Don't Worry Be Happy
  • #73,998
  • Mar 2, 2018 9:24am Mar 2, 2018 9:24am
Thanks Prez, anything else on the horizon?
  • #73,999
  • Mar 2, 2018 9:36am Mar 2, 2018 9:36am
Quoting unlv_tj
{quote} I am kicking myself for not entering a trade on the retest of the obvious flip zone where buyers and sellers were located as the trend down turned very strong. {image}
We are always learning
Learn, a forex trader must, unlearn and relearn he will.
  • #74,000
  • Mar 2, 2018 9:48am Mar 2, 2018 9:48am
Quoting COGSx86
{quote} We are always learning
Confidence is my biggest hurdle, I passed on it, I saw it and said "nah, too impulsive". I have to learn.
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