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USD/JPY Discussion

  • #74,581
  • Mar 15, 2018 1:31pm Mar 15, 2018 1:31pm
Quoting unlv_tj
{quote} I don't know if there is video of it, I was just reading about it this morning. There is audio of Trump admitting he just made up the numbers and has no idea if we run a trade deficit with Canada or not, LOL. https://twitter.com/AP/status/974250788636774400

Something to think about, someone asks you to turn left, when they face you. Whose lefts are they talking about?

http://brianlilley.com/trump-said-wh...get-the-facts/
Learn, a forex trader must, unlearn and relearn he will.
  • #74,582
  • Mar 15, 2018 1:38pm Mar 15, 2018 1:38pm
Quoting COGSx86
{quote} Something to think about, someone asks you to turn left, when they face you. Whose lefts are they talking about? http://brianlilley.com/trump-said-wh...get-the-facts/
Good share!

Did you get into the UJ pop back down? I am not happy I missed it, but other than touch trading a supply I didn't see an easy way into it.
  • #74,583
  • Mar 15, 2018 1:58pm Mar 15, 2018 1:58pm
Quoting unlv_tj
{quote} Good share! Did you get into the UJ pop back down? I am not happy I missed it, but other than touch trading a supply I didn't see an easy way into it.
I missed it as well. There was a pinbar into prior supply zone on 30 minute. Oh well, win some, miss some, lose a little. The plan anyway.
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  • #74,584
  • Mar 15, 2018 2:06pm Mar 15, 2018 2:06pm
Quoting COGSx86
{quote} Something to think about, someone asks you to turn left, when they face you. Whose lefts are they talking about? http://brianlilley.com/trump-said-wh...get-the-facts/
One thing all Economists can agree on is:

The U.S. is Canada's largest import customer .... vice versa Canada is the U.S. largest import customer.

So one shouldn't push around the other, unless someone is just trying to pump up their ego and buy votes. But hey I thought politicians only do that, not "successful" businessmen.
  • #74,585
  • Mar 15, 2018 2:18pm Mar 15, 2018 2:18pm
Quoting SunTrader
{quote} I missed it as well. There was a pinbar into prior supply zone on 30 minute. Oh well, win some, miss some, lose a little. The plan anyway. {image}
SunTrader, do you trade J16 style bars, when at the right locations? I've found if at the right locations (S/D, S/R) they can be very beneficial to determining where price is heading. But I don't see anyone here post about them, at least not since I rejoined.
  • #74,586
  • Mar 15, 2018 2:48pm Mar 15, 2018 2:48pm
Quoting unlv_tj
{quote} SunTrader, do you trade J16 style bars, when at the right locations? I've found if at the right locations (S/D, S/R) they can be very beneficial to determining where price is heading. But I don't see anyone here post about them, at least not since I rejoined.
Have no idea what they are. Sorry.
  • #74,587
  • Mar 15, 2018 2:50pm Mar 15, 2018 2:50pm
Quoting SunTrader
{quote} Have no idea what they are. Sorry.
Pinbar would be one of them. The other main ones are the outside bars (bullish or bearish).
  • #74,588
  • Mar 15, 2018 2:55pm Mar 15, 2018 2:55pm
Quoting unlv_tj
{quote} Pinbar would be one of them. The other main ones are the outside bars (bullish or bearish).
Well those are universal pattern bars and yes I use them as well as squats, volatility expansion and contraction and gann pullbacks etc etc. On the higher time frames 30 and 60 minutes and above.
  • #74,589
  • Mar 15, 2018 3:20pm Mar 15, 2018 3:20pm
Told you the house needs to be cleaned. Broom anyone?
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  • #74,590
  • Mar 15, 2018 3:24pm Mar 15, 2018 3:24pm
and perhaps for dessert....
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  • #74,591
  • Mar 15, 2018 3:28pm Mar 15, 2018 3:28pm
Quoting nealpek
Told you the house needs to be cleaned. Broom anyone? {image}
Let's see if have another pullback for to buy more.
Together we can be strongest
Vantage Return This Month: na
  • #74,592
  • Mar 15, 2018 3:39pm Mar 15, 2018 3:39pm
Quoting unlv_tj
{quote} Good share! Did you get into the UJ pop back down? I am not happy I missed it, but other than touch trading a supply I didn't see an easy way into it.
Close I did, many pips were made. Relaxing I'm!
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Learn, a forex trader must, unlearn and relearn he will.
  • #74,593
  • Mar 15, 2018 3:51pm Mar 15, 2018 3:51pm
106.075 for while is the point. Let's see.

TP - 106.50

SL - 105.98
Together we can be strongest
Vantage Return This Month: na
  • #74,594
  • Mar 15, 2018 4:24pm Mar 15, 2018 4:24pm
Quoting COGSx86
{quote} Close I did, many pips were made. Relaxing I'm! {image}
  • #74,595
  • Mar 15, 2018 4:45pm Mar 15, 2018 4:45pm
Better not try to buy now guys, the price can go much more down.
Together we can be strongest
Vantage Return This Month: na
  • #74,596
  • Mar 15, 2018 5:02pm Mar 15, 2018 5:02pm
It feel like its just me feeling this way but I kinda see it as having reversed. Ill hang on a little maybe for another bottom but the last 3 have been at higher levels.
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  • #74,597
  • Mar 15, 2018 5:03pm Mar 15, 2018 5:03pm
Quoting palpite
Better not try to buy now guys, the price can go much more down.
well my sl is reach at 106.361

indeed price can be irrational in the market sometimes (thats why we need a stop loss even if the setup may look “near perfect”)

although initially it works (selling at 161.8%) but when price move more than that and close above it, the pattern has been invalidated

anyway has been a low risk trade (risking only 15 pips) for a potential 30-60 pips gain

looking for another harmonic pattern to develop soon
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initially at swing D price did found sellers at 161.8% level, and manage to reach the B swing (as TP) there, i should have move my SL to BE before it swings back (it shouldn’t by the way) but going back and bust my SL means that the market is gonna to proof me wrong, and there is nothing much u can do about it and accept it as loss
  • #74,598
  • Mar 15, 2018 5:03pm Mar 15, 2018 5:03pm
I'm thinking about Shorting this one.

I'm just not sure if I like the chart on the Daily for a Short.
  • #74,599
  • Mar 15, 2018 5:10pm Mar 15, 2018 5:10pm
Quoting amikaking
{quote} well my sl is reach at 106.361 indeed price can be irrational in the market sometimes (thats why we need a stop loss even if the setup may look “near perfect” although initially it works (selling at 161.8%) but when price move more than that and close above it, the pattern has been invalidated anyway has been a low risk trade (risking only 15 pips) for a potential 30-60 pips gain looking for another harmonic pattern to develop soon {image}
M5 - Close the candle below of 106.28 i'll open sell.

TP - 106.15

SL - 106.35

.
Together we can be strongest
Vantage Return This Month: na
  • #74,600
  • Mar 15, 2018 5:14pm Mar 15, 2018 5:14pm
Quoting palpite
OMG , unbelievable how this works. {image}
does look lmpressive but lets not forget this is the Bearish Gartley 222 pattern on a M15-M30 scale, if this is going to based on H4 and D1 scale there should be more pips & better accuracy though (but market sometimes does behave irrationally) we need SL as protective measure no matter what
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