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USD/JPY Discussion

  • #75,181
  • Apr 2, 2018 8:06am Apr 2, 2018 8:06am
Quoting tiborf71
I bought 106.18 I'm starting to build it
locked long.106.40
because a certain level of correction has been made.
now I have no open position.
look forward to the price up or down, absolutely no matter.
there will be corrective options along the way.
  • #75,182
  • Apr 2, 2018 9:11am Apr 2, 2018 9:11am
It seems that everyone is shifting gears to the long side. Structurally, I don't yet see a reason to change my bias. I haven't yet seen price push past any major structure to the left. If and when it does I'll reconsider my positions. But until then, probabilities will be my guide!
  • #75,183
  • Apr 2, 2018 9:48am Apr 2, 2018 9:48am
I'm bought again - 106.245

.
Together we can be strongest
Vantage Return This Month: na
  • #75,184
  • Apr 2, 2018 9:49am Apr 2, 2018 9:49am
no change in the price action, range between 106.4 and 106.2

still supported by 106.2

i'm still long
Don't Worry Be Happy
  • #75,185
  • Apr 2, 2018 9:55am Apr 2, 2018 9:55am
It's only a matter of time.
  • #75,186
  • Apr 2, 2018 9:56am Apr 2, 2018 9:56am
Quoting SunTrader
It's only a matter of time.
before it goes north back to 107 and above?
Don't Worry Be Happy
  • #75,187
  • Apr 2, 2018 9:58am Apr 2, 2018 9:58am
Quoting MrPresident
{quote} before it goes north back to 107 and above?
Nuh-uh.

Thnx to Tariff Trumpie.
  • #75,188
  • Apr 2, 2018 10:26am Apr 2, 2018 10:26am
perhaps the 105.90 stops falling.
h1
  • #75,189
  • Apr 2, 2018 10:35am Apr 2, 2018 10:35am
If it does it will most likely only be a "pit stop". And a quick "pit stop" at that.
  • #75,190
  • Apr 2, 2018 10:54am Apr 2, 2018 10:54am
I'm afraid now, it's was so strong down move.
Together we can be strongest
Vantage Return This Month: na
  • #75,191
  • Apr 2, 2018 11:07am Apr 2, 2018 11:07am
You should never be afraid of the market. As some traders liken the markets to nature and/or the cosmos(?????),perhaps this analogy will be helpful. As the elephant slowly moves towards the river for a drink, no animal, however big or small, will stop the behemoth from satisfying its thirst. Some will try, but all efforts will be in vain. The probability of the elephant reaching the river is 99%, unless some unforseen or highly improbable event occurs. If price has been falling, correcting, falling more, correcting, and falling still further, the elephant probably hasn't reached the river yet. My money will always be on the elephant.....
  • #75,192
  • Apr 2, 2018 11:31am Apr 2, 2018 11:31am
Quoting nealpek
You should never be afraid of the market. As some traders liken the markets to nature and/or the cosmos(?????),perhaps this analogy will be helpful. As the elephant slowly moves towards the river for a drink, no animal, however big or small, will stop the behemoth from satisfying its thirst. Some will try, but all efforts will be in vain. The probability of the elephant reaching the river is 99%, unless some unforseen or highly improbable event occurs. If price has been falling, correcting, falling more, correcting, and falling still further, the...
I don't know, but the chart H1 can be bullish now. Check the waves.
Together we can be strongest
Vantage Return This Month: na
  • #75,193
  • Apr 2, 2018 12:14pm Apr 2, 2018 12:14pm
S&P500 went under the 200 DMA

DOW is just above it

NASDAQ is still a bit above it

cool
Don't Worry Be Happy
  • #75,194
  • Apr 2, 2018 12:26pm Apr 2, 2018 12:26pm
Quoting palpite
{quote}... Check the waves.
But you are in Brasil which is south of the Equator so waves going the opposite way? j/k

More south to come.
  • #75,195
  • Apr 2, 2018 12:35pm Apr 2, 2018 12:35pm
Who is still longing this? Yen gains big vs every other currency
  • #75,196
  • Apr 2, 2018 1:05pm Apr 2, 2018 1:05pm
Dow down more than -750 points.

That should give you an idea how likely Dollar will rebound substantially any time soon.
  • #75,197
  • Apr 2, 2018 1:09pm Apr 2, 2018 1:09pm
Quoting SunTrader
{quote} But you are in Brasil which is south of the Equator so waves going the opposite way? j/k More south to come.
And i'll continue going the opposite way, is the best.
Together we can be strongest
Vantage Return This Month: na
  • #75,198
  • Apr 2, 2018 1:23pm Apr 2, 2018 1:23pm
I bought 105.75
  • #75,199
  • Apr 2, 2018 1:50pm Apr 2, 2018 1:50pm
Could have more selling unless stocks recover

I think 105.2 could be the bottom today
Don't Worry Be Happy
  • #75,200
  • Apr 2, 2018 1:59pm Apr 2, 2018 1:59pm
105.5 - 105.2 looks buying zone to me
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