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USD/JPY Discussion

  • #75,761
  • Apr 16, 2018 8:33am Apr 16, 2018 8:33am
Fundamental analysis, 90% is not good.
have a look.
maybe I hope you are right.
  • #75,762
  • Apr 16, 2018 8:45am Apr 16, 2018 8:45am
Very long term, price could go up or down. However one thing that stays constant throughout all intermediate price swings is market structure and the hunt for liquidity, otherwise known as stop hunts. The easiest and most obvious place for the market to facilitate a lot of trade within a relatively small zone is in the lower oval.
It might not get there as there are never any guarantees in trading, however, from a probability standpoint, it's a good call....If and when price reaches this area, price can be re-evaluated against market structure and the next highest probability zone that will again provide large amounts of liquidity within a small zone while fooling and trapping traders for the next pending swing.....Time will tell!!
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  • #75,763
  • Apr 16, 2018 8:45am Apr 16, 2018 8:45am
Quoting tiborf71
Fundamental analysis, 90% is not good. have a look. maybe I hope you are right.

Agree to disagree, we do.
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Learn, a forex trader must, unlearn and relearn he will.
  • #75,764
  • Apr 16, 2018 8:48am Apr 16, 2018 8:48am
Quoting COGSx86
{quote} Agree to disagree, we do. {image} {image} {image}
ok
  • #75,765
  • Apr 16, 2018 10:30am Apr 16, 2018 10:30am
109 on cards in couple of weeks?
Your friendly neighbourhood Sith
  • #75,766
  • Apr 16, 2018 11:26am Apr 16, 2018 11:26am
Hard to say. Will be easier to tell as structure builds and shows itself. At the moment, very difficult to tell if price will go to 110 or 100. So why bother?
Let the market play out it's natural course, and trade it accordingly. Must less stressful, and easier to determine as it rolls along it's predetermined yet unknown(to us) path!! No one who is long the market will like my prediction above. However, in the short term it's more probable, so it's what I have to go with, even if I'm wrong. If it goes the other way, I'll evaluate what price is most likely to do if it goes higher!
  • #75,767
  • Apr 16, 2018 1:08pm Apr 16, 2018 1:08pm
stocks going up but this pair is down for the day, weird

106.6 could be reached soon
Don't Worry Be Happy
  • #75,768
  • Apr 16, 2018 1:52pm Apr 16, 2018 1:52pm
USD/JPY turned to bearish mode today and dropped to 107.05. On the four hour time frame the price is developing above its flat 100-day and 200-day SMAs while stochastic is showing storng bearish momentum. The pair is reparing to test 106.90 wich if broken to below 106.60 will be the next target for the bears.
  • #75,769
  • Apr 16, 2018 8:29pm Apr 16, 2018 8:29pm
I want to go short. I think atleast until the Yanks wake up this thing will continue to slowly go down. I just cant work up the courage to put a position down...
  • #75,770
  • Apr 16, 2018 8:29pm Apr 16, 2018 8:29pm
My guess is 106.8x
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  • #75,771
  • Apr 16, 2018 9:17pm Apr 16, 2018 9:17pm
Quoting 4xjunkie
My guess is 106.8x{image}
Nice wedge forming, might see a nice retracement before we go lower.
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Learn, a forex trader must, unlearn and relearn he will.
  • #75,772
  • Apr 16, 2018 9:42pm Apr 16, 2018 9:42pm
Quoting COGSx86
{quote} Nice wedge forming, might see a nice retracement before we go lower. {image}
I believe they break it down before they break it out., 107.072 was just retested
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something like that. not sure it will retest the upper channel line.
  • #75,773
  • Apr 16, 2018 10:53pm Apr 16, 2018 10:53pm
COGSx86 i think i saw a post of yours in different thread where you were naming several different movies that pertained to fx. I seen one a few years ago that was about central banks and there function's, the entire show they were eluding to fx trading. near the the end they revieal fx trading and there was a banker overlooking his employees terminal showing what it looked like. any idea what it was called? i would really like to watch it again. guessing it was late 80's early 90's era.
  • #75,774
  • Apr 16, 2018 11:10pm Apr 16, 2018 11:10pm
Quoting 4xjunkie
COGSx86 i think i saw a post of yours in different thread where you were naming several different movies that pertained to fx. I seen one a few years ago that was about central banks and there function's, the entire show they were eluding to fx trading. near the the end they revieal fx trading and there was a banker overlooking his employees terminal showing what it looked like. any idea what it was called? i would really like to watch it again. guessing it was late 80's early 90's era.

Was it a movie or documentary? I see if I can that thread.

edit: here is the thread, I noticed some got removed but the author has a full list.

https://www.forexfactory.com/showthread.php?t=252153
Learn, a forex trader must, unlearn and relearn he will.
  • #75,775
  • Apr 16, 2018 11:26pm Apr 16, 2018 11:26pm
Quoting COGSx86
{quote} Was it a movie or documentary? I see if I can that thread. edit: here is the thread, I noticed some got removed but the author has a full list. https://www.forexfactory.com/showthread.php?t=252153
thankyou. weekend work. ill see if it is in there.
  • #75,776
  • Apr 17, 2018 12:23am Apr 17, 2018 12:23am
JPYUSD for week
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  • #75,777
  • Apr 17, 2018 12:37am Apr 17, 2018 12:37am
have 2 positions going short. TP around 106.94 for 4R. Current Break even @ 107.45 for 2R
  • #75,778
  • Apr 17, 2018 1:15am Apr 17, 2018 1:15am
Something to shine some light


The second largest foreign US creditor, Japan, that has been liquidating in recent months, and in February, Japan sold $6.3 billion in TSYs (the most of any nation in February), bringing its total to $1,059.5BN, the lowest total since the start of 2012.

https://www.zerohedge.com/news/2018-...-us-treasuries
Learn, a forex trader must, unlearn and relearn he will.
  • #75,779
  • Edited 3:23am Apr 17, 2018 1:33am | Edited 3:23am
I will reenter long @106.6 @106.9 with sl below 106.6
I believe the pair must come to the 108.4 and form there some structure.
Forcemeat can not be unrolled back...
  • #75,780
  • Apr 17, 2018 4:27am Apr 17, 2018 4:27am
107.02 Exited shorts here and reversed to long ... SL 106.91

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