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USD/JPY Discussion

  • #74,721
  • Mar 21, 2018 1:24am Mar 21, 2018 1:24am
I think the USD will go down a lot now.
Together we can be strongest
Vantage Return This Month: na
  • #74,722
  • Mar 21, 2018 5:05am Mar 21, 2018 5:05am
Lets see what happens today. Yes maybe the short trend will continue but I am waiting only to get my proper long entries around the 105 Level
  • #74,723
  • Mar 21, 2018 6:57am Mar 21, 2018 6:57am
Big boys clearing out some orders below the consolidation of this morning. I don't see a news event to explain the sudden drop in the UJ and then the reversal back to consolidation.
  • #74,724
  • Mar 21, 2018 9:20am Mar 21, 2018 9:20am
fake out heaven for the market maker until 1:00 - 1:30 pm
  • #74,725
  • Mar 21, 2018 9:33am Mar 21, 2018 9:33am
Now i think will go to 106.90.
Together we can be strongest
Vantage Return This Month: na
  • #74,726
  • Mar 21, 2018 9:44am Mar 21, 2018 9:44am
Actually, 107.12, the last retest of the prior high would be my GUESS. But the real question right now is where does the train leave the station from. As Neal would point out. There's 4 levels under price, right now, that are prime stop setting zones. Which one holds and there's 60 ticks to the last one? A market makers dream come true, a market full of stops and a reason to take them all out.
  • #74,727
  • Mar 21, 2018 9:53am Mar 21, 2018 9:53am
I'm going to try both long and short positions today. Buying and then selling rallies

entry/exit 106.2/0, exit/entry 106.5/8+
Don't Worry Be Happy
  • #74,728
  • Mar 21, 2018 9:59am Mar 21, 2018 9:59am
Quoting MrPresident
I'm going to try both long and short positions today. Buying and then selling rallies entry/exit 106.2/0, exit/entry 106.5/8+
Certainly bold, hope it works out for you.
  • #74,729
  • Mar 21, 2018 10:17am Mar 21, 2018 10:17am
Quoting Sossos
Actually, 107.12, the last retest of the prior high would be my GUESS. But the real question right now is where does the train leave the station from. As Neal would point out. There's 4 levels under price, right now, that are prime stop setting zones. Which one holds and there's 60 ticks to the last one? A market makers dream come true, a market full of stops and a reason to take them all out.
Neal want hit our stoploss, be carefull.
Together we can be strongest
Vantage Return This Month: na
  • #74,730
  • Mar 21, 2018 10:41am Mar 21, 2018 10:41am
i think there are only two possibilities for this pair after FOMC

1. rate hike is priced in with only two left this year, statement is dovish, USD/JPY down
2. rate hike is priced in with three more remaining this year, hawkish statement, USD/JPY down sharp as equities sell off heavily

comments ?
Don't Worry Be Happy
  • #74,731
  • Mar 21, 2018 10:42am Mar 21, 2018 10:42am
Quoting MrPresident
I'm going to try both long and short positions today. Buying and then selling rallies entry/exit 106.2/0, exit/entry 106.5/8+
Doing the opposite here. 106.2/106.65 exit, 106.65/ 106.35 exit. but I gotta admit it seems quite crazy. Would really piss a lot of people off. But my bias is the same as yours. Up not down.
  • #74,732
  • Mar 21, 2018 11:03am Mar 21, 2018 11:03am
S&P not doing much, market is nervous
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Don't Worry Be Happy
  • #74,733
  • Mar 21, 2018 11:09am Mar 21, 2018 11:09am
Quoting SuperSpecial
{quote} Doing the opposite here. 106.2/106.65 exit, 106.65/ 106.35 exit. but I gotta admit it seems quite crazy. Would really piss a lot of people off. But my bias is the same as yours. Up not down.
Kinda hard to say but this I will say: we just had a double bounce off 106.023 and that would usually be a sign for the bulls moving past 106.530 other then that if FOMC has bad hawks then we looking towards the 105 Level.

For those off you who are in the trade,if you are not sure get out!. tomorrow is another day to trade. also being aware of GBP news.

Other than that make those pips. We loose some and we win some more.
  • #74,734
  • Mar 21, 2018 11:19am Mar 21, 2018 11:19am
Quoting Pipclimax
{quote} Kinda hard to say but this I will say: we just had a double bounce off 106.023 and that would usually be a sign for the bulls moving past 106.530 other then that if FOMC has bad hawks then we looking towards the 105 Level. For those off you who are in the trade,if you are not sure get out!. tomorrow is another day to trade. also being aware of GBP news. Other than that make those pips. We loose some and we win some more.
Look at the H4 for the last 5 weeks and tell me what you see. No one is 'sure'.
"The fun is in the hunt. Not the kill."
  • #74,735
  • Mar 21, 2018 11:40am Mar 21, 2018 11:40am
Quoting Redeflect
{quote} Look at the H4 for the last 5 weeks and tell me what you see. No one is 'sure'.
Ever heard the saying," If you stand further from the object you might see the bigger picture"?,maybe you should look at more than the H4 time-frame.
You just might see something else.
  • #74,736
  • Mar 21, 2018 11:45am Mar 21, 2018 11:45am
Quoting Pipclimax
{quote} Ever heard the saying," If you stand further from the object you might see the bigger picture"?,maybe you should look at more than the H4 time-frame. You just might see something else.
Already have.
"The fun is in the hunt. Not the kill."
  • #74,737
  • Mar 21, 2018 12:12pm Mar 21, 2018 12:12pm
Quoting Redeflect
{quote} Already have.
Well then there's only 1 thing to do
  • #74,738
  • Mar 21, 2018 12:46pm Mar 21, 2018 12:46pm
Go to Disneyland?
  • #74,739
  • Mar 21, 2018 12:51pm Mar 21, 2018 12:51pm
Quoting nealpek
Go to Disneyland?
Roller coster ???
  • #74,740
  • Mar 21, 2018 12:57pm Mar 21, 2018 12:57pm
Alright here's my take on the sh*t pile to come. The news is really not news as everyone knows what's coming. I'll be looking to see which side of price sets the trap. Would love to see a sharp middle finger up through the 106.60- 106.75 level where a ton of sell limits are resting. Need the big spike up or continuation up for a while to set the trap. All those beautiful resting targets, I mean orders sitting below price are just waiting to get scooped up. So I sit with a kadoodle of sell limits above hoping I get the direction right! We'll see. May the force be with you!!!
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