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USD/JPY Discussion

  • #74,001
  • Mar 2, 2018 9:51am Mar 2, 2018 9:51am
Quoting unlv_tj
{quote} Confidence is my biggest hurdle, I passed on it, I saw it and said "nah, too impulsive". I have to learn.
The hardest trades to take are the ones that don't "feel" right. The ones that don't "feel" right are usually the best trades!!
  • #74,002
  • Mar 2, 2018 10:27am Mar 2, 2018 10:27am
Quoting newbegger
{quote} Opps! Was typing fast before UoM report. Thanks for the correction
Ok. No problem.
  • #74,003
  • Mar 2, 2018 10:33am Mar 2, 2018 10:33am
Next week will be a battle of which world events will affect the markets more.

European elections/Brexit or U.S. trade/budget deficit/Mueller Investigation/Trumpie 3am tweeting.

I expect the first to affect Euro pairs, the second affect USD pairs. Overall a lot of chaos most likely. We shall see.
  • #74,004
  • Mar 2, 2018 10:43am Mar 2, 2018 10:43am
Quoting SunTrader
Next week will be a battle of which world events will affect the markets more. European elections/Brexit or U.S. trade/budget deficit/Mueller Investigation/Trumpie 3am tweeting. I expect the first to affect Euro pairs, the second affect USD pairs. Overall a lot of chaos most likely. We shall see.
Overall for daytraders next week will be hard. Longterm eur is bound to go higher, elections will have same effect as the french ones touching lows before and running higher after there isn't much surprise there tbh. What really is going to put some steam on the pairs will be the real budget deficit if it actually comes out next week. thats what i'll be looking for.
I have a short open atm in this pair and i'm aiming towards the 1.1950ish values. Eur/yen short opened last year still open and im targeting 122ish.

this tarif shit was unexpected and i wonder how the rest of the world will react to it.
  • #74,005
  • Mar 2, 2018 11:14am Mar 2, 2018 11:14am
Not a bad short if the equity market goes South.
  • #74,006
  • Mar 2, 2018 11:28am Mar 2, 2018 11:28am
Quoting nealpek
The market is going somewhere for a reason. There's a lot of action or orders resting above, as most of the previous shorts to the left had to park their stops somewhere. Where are their stops? Not 100% of the time, But there should be a "clean and sweep" of the nearest parking lot. ATM, any new shorts entering this small upmove also have to park their stops somewhere, just adds more cars to the parking lot. Anyway, that's my crazy thoughts,lol Just thinking out loud, hope it helps in some way. Edit: what really changed my trading years ago was...
You are crazy, but i like to read your posts.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #74,007
  • Mar 2, 2018 11:36am Mar 2, 2018 11:36am
Quoting nealpek
The market is going somewhere for a reason. There's a lot of action or orders resting above, as most of the previous shorts to the left had to park their stops somewhere. Where are their stops? Not 100% of the time, But there should be a "clean and sweep" of the nearest parking lot. ATM, any new shorts entering this small upmove also have to park their stops somewhere, just adds more cars to the parking lot. Anyway, that's my crazy thoughts,lol Just thinking out loud, hope it helps in some way. Edit: what really changed my trading years ago was...

Purely a hunt for liquidity. (juice or transaction fees)
  • #74,008
  • Mar 2, 2018 11:52am Mar 2, 2018 11:52am
Quoting Sossos
{quote} Purely a hunt for liquidity. (juice or transaction fees)
Especially after a week like this, many are closing out before the weekend. Will want a ringside seat next week for all of the under card fights,
Mar 8th is BOJ rates(and statement by my Kuroda) and the Fri morning after, is non farm payrolls. I will be looking for lots of churning (especially at
current levels). If we go no where by end of next week, I suspect larger players will have shaken out the weak hands bouncing between
14.60-106.25ish. If it ends much lower, well 100 is then on the table. My weekly and monthly charts below. I lowered the green zone from last week by 75p
on average. We will see. Trade safe
regards,
goma
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  • #74,009
  • Mar 2, 2018 11:52am Mar 2, 2018 11:52am
Neal,

So in your picture do you thing the stops are behind the high close around 105.80 or the double spike highs around 106.00?
  • #74,010
  • Mar 2, 2018 12:21pm Mar 2, 2018 12:21pm
nice! I definitely respect the movement of the train, and take a small piece out when it stops to reload!! for me and my character, I can't hold my shorts over the weekend, and I don't like to abandon a winning position, but I have no idea of the nature of the chaos to come.
  • #74,011
  • Mar 2, 2018 12:26pm Mar 2, 2018 12:26pm
Always sucks to be on the wrong side of a Sunday night gap, for whatever reason.
  • #74,012
  • Mar 2, 2018 3:53pm Mar 2, 2018 3:53pm
Quoting MrPresident
Trump declared a trade war, sell USD/JPY hehe {image}
With comments like that coming any time , no clear indication who he is going to target next , what company or entire nation he picks on this pair is a traders dream. With such unpredictability equities can Crash any time and jpy safe haven is king.
Attached Image
  • #74,013
  • Mar 3, 2018 5:20am Mar 3, 2018 5:20am
Entered short on CHFJPY, as an undeniable big monthly bearish engulfing candle has formed.

Where do you think guys it could stop?
  • #74,014
  • Mar 3, 2018 6:36am Mar 3, 2018 6:36am
Quoting luatrader
Entered short on CHFJPY, as an undeniable big monthly bearish engulfing candle has formed. Where do you think guys it could stop?
maybe 108 is possible in the medium term
Don't Worry Be Happy
  • #74,015
  • Mar 3, 2018 7:58am Mar 3, 2018 7:58am
my chart for next week immediately after election spikes/fireworks
Attached Image (click to enlarge)
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Don't Worry Be Happy
  • #74,016
  • Mar 3, 2018 10:31am Mar 3, 2018 10:31am
STILL Bearish.
1H chart .
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  • #74,017
  • Mar 3, 2018 10:54am Mar 3, 2018 10:54am
BIG picture 1W... first time 50% held the price. now if i see 61.8 or above 0.97xx i do not scream.

Attached Image (click to enlarge)
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  • #74,018
  • Mar 3, 2018 10:58am Mar 3, 2018 10:58am
Don't have a clue where those (green) retracements are drawn from?
  • #74,019
  • Mar 3, 2018 11:05am Mar 3, 2018 11:05am
1D chart. first leg EXT.
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  • #74,020
  • Mar 3, 2018 7:59pm Mar 3, 2018 7:59pm
Before 17 Days
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before 1 week
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today
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