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USD/JPY Discussion

  • #76,181
  • May 2, 2018 8:02am May 2, 2018 8:02am
not down yet, 110+ coming soon
Don't Worry Be Happy
  • #76,182
  • May 2, 2018 8:12am May 2, 2018 8:12am
Quoting MrPresident
not down yet, 110+ coming soon
I think you are right, while long term trend is down but i think 110.50 still within reach.
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  • #76,183
  • May 2, 2018 8:13am May 2, 2018 8:13am
Quoting mshaheen
{quote} I think you are right, while long term trend is down but i think 110.50 still within reach. {image}
don't trust me though, I may be wrong hehe
Don't Worry Be Happy
  • #76,184
  • May 2, 2018 8:16am May 2, 2018 8:16am
I will be building short positions between 109.80 to 110.80 and the target will be 105 to 106. I am expecting DXY to fall down to 87 soon
  • #76,185
  • May 2, 2018 8:30am May 2, 2018 8:30am
Quoting msniper
I will be building short positions between 109.80 to 110.80 and the target will be 105 to 106. I am expecting DXY to fall down to 87 soon
i'm looking to sell higher with a stop above 111, target for the long term (six months maybe?) would be 105
Don't Worry Be Happy
  • #76,186
  • May 2, 2018 8:37am May 2, 2018 8:37am
Quoting MrPresident
{quote} i'm looking to sell higher with a stop above 111, target for the long term (six months maybe?) would be 105
It's going to take out 111 along with your stops.Patience if ur thinking of going against trend Bulls aren't done yet.
Your friendly neighbourhood Sith
  • #76,187
  • May 2, 2018 9:24am May 2, 2018 9:24am
Quoting darthPip
{quote} It's going to take out 111 along with your stops.Patience if ur thinking of going against trend Bulls aren't done yet.
I agree with you, darthPip.

Out of interest (and not looking for a massively long answer to this!), what's your approach to determining when bulls are done? Break of trend line, followed by retest and rejection, for example?

Cheers, Luzbay.
  • #76,188
  • May 2, 2018 9:41am May 2, 2018 9:41am
Why did price not move after the 8:15 EST big news, but then move strongly one hour afterwards with FOMC waiting in the wings and also Oil Inventory an hour away?
  • #76,189
  • May 2, 2018 9:44am May 2, 2018 9:44am
Quoting Luzbay
{quote} I agree with you, darthPip. Out of interest (and not looking for a massively long answer to this!), what's your approach to determining when bulls are done? Break of trend line, followed by retest and rejection, for example? Cheers, Luzbay.
Yes,retests n rejections of previous highs/lows on H4 and daily along with RSI generally is a signal of trend reversal for me(though it could deceptive to build stops).I believe in elliott waves too (my own version of theory)
Your friendly neighbourhood Sith
  • #76,190
  • May 2, 2018 9:49am May 2, 2018 9:49am
I have buy order @109.892 TP 50 pips SL 25 pips

Good luck guys
Not losing money is almost good as making money
  • #76,191
  • May 2, 2018 9:53am May 2, 2018 9:53am
I added a little more here at 109.99 waiting for 111.00
  • #76,192
  • May 2, 2018 9:53am May 2, 2018 9:53am
n/m
  • #76,193
  • May 2, 2018 11:16am May 2, 2018 11:16am
One single bar crossing above 110... market makers doing some tests?
The high volume and the close says "Selling Climax", as result price retraced to support. hummm ..., was this enough to close all orders (profit taking)? Was there any Selling building hided?

guess not.
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If you don't know how to earn money, don't loose it.
  • #76,194
  • May 2, 2018 1:30pm May 2, 2018 1:30pm
i dont get why there is UJ selloff.The FOMC statement wasnt bad at all.Fakeout?
Your friendly neighbourhood Sith
  • #76,195
  • May 2, 2018 1:39pm May 2, 2018 1:39pm
Quoting darthPip
i dont get why there is UJ selloff.The FOMC statement wasnt bad at all.Fakeout?

market has been buying the rumor for the last 2 weeks

today we sell the news

its not a yen story, its a dxy story

just my 2 cents

trade safe



edit: it wont be long lived, consensus expects another rate hike announcement at the june presser.
90% of people, are wrong about 90% of everything, 90% of the time...
  • #76,196
  • May 2, 2018 2:16pm May 2, 2018 2:16pm
knee jerk reaction, i think it is temporary unless it gets below 108.5
Don't Worry Be Happy
  • #76,197
  • May 2, 2018 2:55pm May 2, 2018 2:55pm
down and back in less than 2 hours and my H4 might close in green...lol
Your friendly neighbourhood Sith
  • #76,198
  • May 2, 2018 3:16pm May 2, 2018 3:16pm
i sold, i think that bulls are starting to slow down around 110 and stocks didn't do too well today either so selling may continue in Asia
Don't Worry Be Happy
  • #76,199
  • May 2, 2018 3:51pm May 2, 2018 3:51pm
Quoting MrPresident
i sold, i think that bulls are starting to slow down around 110 and stocks didn't do too well today either so selling may continue in Asia
I think your early, they are trying to draw the bears in so they can buy up the last 100 pips to 111.00
  • #76,200
  • May 2, 2018 3:51pm May 2, 2018 3:51pm
Quoting 4xjunkie
{quote} I think your early, they are trying to draw the bears in so they can buy up the last 100 pips to 111.00
early bears either get the honey or the bear trap, we will see what happens with me
Don't Worry Be Happy
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