USD/JPY Discussion | Page 3767 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #75,321
  • Apr 4, 2018 11:03am Apr 4, 2018 11:03am
Quoting SunTrader
{quote} I use letters only on corrections. Here is H1 with smaller wave breakdown: {image}
Just was looking at the picture you provided, thanks for clearing that up for me. Your chart gives me the impression that you're a Robert Miner student.
  • #75,322
  • Apr 4, 2018 11:09am Apr 4, 2018 11:09am
Quoting Sossos
{quote} Just was looking at the picture you provided, thanks for clearing that up for me. Your chart gives me the impression that you're a Robert Miner student.
Yes he is one of the best.
  • #75,323
  • Apr 4, 2018 11:14am Apr 4, 2018 11:14am
Quoting SunTrader
{quote} Yes he is one of the best.
Could your 4 be an A
  • #75,324
  • Apr 4, 2018 11:48am Apr 4, 2018 11:48am
Quoting Sossos
{quote} Could your 4 be an A
What time frame and on what higher degree wave?
  • #75,325
  • Apr 4, 2018 11:55am Apr 4, 2018 11:55am
In your captured chart that you posted. Is 4 supposed to enter the area of 1? My Elliott is a little rusty, sorry.
  • #75,326
  • Apr 4, 2018 12:42pm Apr 4, 2018 12:42pm
Quoting Sossos
In your captured chart that you posted. Is 4 supposed to enter the area of 1? My Elliott is a little rusty, sorry.
You are correct - as far as traditional interpretation. I don't do traditional. I do practical.

As Robert Miner has said often, markets sometimes don't "cooperate". Are you going to throw away a good count just because it is not a textbook example.

I follow his way which is to cancel a count if wave 4 closes into the closing range of wave 1, not just penetrate the high bar. And in this case I ignored the one bar that did that as well. I only make an exception if the pattern continues. Obviously if more than one bar penetrates and closes below wave 1 closing high bar or price just drops right through and never stops then the count goes out the window.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ H1.png Size: 46 KB
  • #75,327
  • Apr 4, 2018 1:14pm Apr 4, 2018 1:14pm
Quoting SunTrader
{quote} You are correct - as far as traditional interpretation. I don't do traditional. I do practical. As Robert Miner has said often, markets sometimes don't "cooperate". Are you going to throw away a good count just because it is not a textbook example. I follow his way which is to cancel a count if wave 4 closes into the closing range of wave 1, not just penetrate the high bar. And in this case I ignored the one bar that did that as well. I only make an exception if the pattern continues. Obviously if more than one bar penetrates and closes...
I've read his book twice over the last 10 years and recall reading that. Myself I've moved into more of an Anderson thought process. Anderson as in Alan Andrews buddy back in their day. His study concluded that Elliott made things more complicated than they had to be. Anderson thoughts were to just look for 5 pivots, 3 to 2 and get on with it. It looks like you either do a good job of it yourself or your program is labeling things well. Your last minor 2 should be proven shortly.
  • #75,328
  • Edited 1:54pm Apr 4, 2018 1:28pm | Edited 1:54pm
Quoting Sossos
{quote} I've read his book twice over the last 10 years and recall reading that. Myself I've moved into more of an Anderson thought process. Anderson as in Alan Andrews buddy back in their day. His study concluded that Elliott made things more complicated than they had to be. Anderson thoughts were to just look for 5 pivots, 3 to 2 and get on with it. It looks like you either do a good job of it yourself or your program is labeling things well. Your last minor 2 should be proven shortly.
Miner's software Dynamic Trader does not automatically label waves. There is thinking involved. The way i like it.
Measure time and price, apply wave labels. Rinse repeat.

Heard of Andrews naturally but not Anderson.
  • #75,329
  • Apr 4, 2018 2:05pm Apr 4, 2018 2:05pm
He was a mathematics professor at MIT where Andrews was an energy professor. Anderson had his graduate students do a lot of the manual charting for the studies back in those days. Roger Babson fits into the picture somehow too, but I'm not sure where. He founded Babson College. Collectively it's thought that they made Joe Kennedy 800 million dollars in today's money.
  • #75,330
  • Apr 4, 2018 3:27pm Apr 4, 2018 3:27pm
Good day everyone, I believe the top will be between 107.10-20 making a higher m pattern. Then a weak retest of the low .Good luck.
  • #75,331
  • Apr 4, 2018 4:02pm Apr 4, 2018 4:02pm
Quoting 4xjunkie
Good day everyone, I believe the top will be between 107.10-20 making a higher m pattern. Then a weak retest of the low .Good luck.
'im waiting nfp data on frid.. and patiently see another fakey inside bar if breaks 107..
  • #75,332
  • Apr 4, 2018 4:04pm Apr 4, 2018 4:04pm
Rabobank: the course of trade negotiations between the US and Japan will determine the dynamics of the USDJPY

Rabobank experts note that since the beginning of the year the yen has risen in price against the dollar by 6%. One part of this movement was due to rumors about the intention of the Bank of Japan to start soon to consider options for minimizing the QE program. Another is that the yen is a traditional currency-refuge.

"On the one hand, fears of a growing trade war between the US and China triggered demand for protective assets," write bank experts. "On the other hand, it was balanced by a reduction in tensions on the Korean Peninsula and the agreement by some countries for favorable trading conditions. In the coming weeks, most likely, the dynamics of the yen will be determined by what Japan can agree on with the United States. "

The bank notes that Donald Trump can try to force Shinzo Abe to open the Japanese market for American food in exchange for favorable conditions for the export of some Japanese goods. In addition, in the near future, the USDJPY is likely to react to the course of negotiations between the US and China - progress in them will contribute to an increase in risk appetite and a depreciation of the Japanese currency. The rhetoric of the parties provokes the growth of the yen. Our three-month forecast for the pair is Y107.00
  • #75,333
  • Apr 4, 2018 5:15pm Apr 4, 2018 5:15pm
I think it is going to 108
Don't Worry Be Happy
  • #75,334
  • Apr 4, 2018 5:22pm Apr 4, 2018 5:22pm
Quoting SunTrader
{quote} Miner's software Dynamic Trader does not automatically label waves. There is thinking involved. The way i like it. Measure time and price, apply wave labels. Rinse repeat. Heard of Andrews naturally but not Anderson.
Suntrader, is the 5 34 5 something you came up with or is that something out of Miner?
  • #75,335
  • Apr 4, 2018 5:54pm Apr 4, 2018 5:54pm
we are buying right???
- ...sorry not keeping up with the reading?#$!, finally making $$ and this looks good??
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 60 KB
  • #75,336
  • Apr 4, 2018 5:56pm Apr 4, 2018 5:56pm
Quoting Sossos
{quote} Suntrader, is the 5 34 5 something you came up with or is that something out of Miner?
Nope. I think many people claim to have come up with it but the guy I think who did actually is a trader/developer by the name of Tom Joseph, back in the 80's.

It is used to gauge what stage Elliott Wave is at. Highest reading, greater than wave 1, is wave 3 (or vice versa lowest reading, lower than wave 1, in downtrend), then reading needs to go below zero line at least short term for wave 4 to take place. Finally once reading goes positive once again wave 5 must diverge from wave 3 highest reading signalling waning momentum for a top to happen.
  • #75,337
  • Apr 4, 2018 7:35pm Apr 4, 2018 7:35pm
I have noticed that Ata-Turkoglu uses one similar to it over on the E/U forum
  • #75,338
  • Apr 4, 2018 8:29pm Apr 4, 2018 8:29pm
Quoting SunTrader
{quote} So that is no you didn't post what you say you did. Got it. "Due diligence" LMAO Done with me, good.
I understand many people make claims without being able to back them up. I don't believe FXClarity is one of those people, he just expected you to find below post rather than him having to do so, given the trail back was pretty short. My interest? I've found his posts in an EU thread to be fairly accurate (longer term view) and his trading style similar to my own.

Quoting FXClarity
{quote} Building into longs now at 104.88
Hope for the best, prepare for the worst.
  • #75,339
  • Apr 4, 2018 8:38pm Apr 4, 2018 8:38pm
Quoting PatienceFx
UJ is a buy and forget story till 109 minimum
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2018-04-05-07-01-44.png Size: 78 KB
  • #75,340
  • Apr 4, 2018 8:42pm Apr 4, 2018 8:42pm
short at 106.88 thinking it will come back to 106.35
53 traders viewing now