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USD/JPY Discussion

  • #76,341
  • May 8, 2018 8:48am May 8, 2018 8:48am
Quoting 4xjunkie
There should be a wicked reversal cumming, dont chase it, i think 109.4x will be the top. good luck everyone.{image}
yes, that will be a good level to try and sell from
Don't Worry Be Happy
  • #76,342
  • May 8, 2018 9:00am May 8, 2018 9:00am
Quoting Luzbay
For me, the fate of the pair today rests on whatever Trump has to say about the Iran nuclear deal. Until then, I'm happy to continue to respect the established trendline. {image}
I'm still very much respecting the trendline and not trying to call or time the market.

If Trump is even slightly less 'Trumpy' than he usually is, this could shoot for 111.00.
  • #76,343
  • May 8, 2018 9:18am May 8, 2018 9:18am
Quoting 4xjunkie
There should be a wicked reversal cumming, dont chase it, i think 109.4x will be the top. good luck everyone.{image} i think 108.45 final call on the low.
What makes u think 108.67 was not the wicked reversal which has already passed?
Your friendly neighbourhood Sith
  • #76,344
  • May 8, 2018 9:23am May 8, 2018 9:23am
Quoting darthPip
{quote} What makes u think 108.67 was not the wicked reversal which has already passed?
ive been here before, and this is the end of the pattern, the scale is different.
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  • #76,345
  • May 8, 2018 9:46am May 8, 2018 9:46am
Watching to see if price would move pass 109.349.
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Keep the Lights on then you can catch the rise from the dark.
  • #76,346
  • May 8, 2018 9:54am May 8, 2018 9:54am
So far Treasuries down, rates up. Which has helped somewhat the dollar. Will it last? Probably not.
  • #76,347
  • May 8, 2018 11:03am May 8, 2018 11:03am
USD/JPY regained the 109.00 handle and is showing good upward momentum. It seems that bulls will soon test 109.50.
  • #76,348
  • May 8, 2018 11:08am May 8, 2018 11:08am
Quoting Expo33
Long @ 108.92 off a retest of a Tim Morge "energy point". And who said forex trading can't be sexy? Risking 14 pips for 31. RENKO BRICK SIZE = 6.0 (10% of the 20 ADR) {image}
TP hit before Trump/Iran blah blah blah event.

Now on the sidelines eating orange sherbert.
Pride always comes before destruction.... -Proverbs 16:18
  • #76,349
  • May 8, 2018 11:23am May 8, 2018 11:23am
I do not see any possibility at this moment in h1 space.
  • #76,350
  • May 8, 2018 1:54pm May 8, 2018 1:54pm
entered short position from 109.1

target 108

stop 110.2
Don't Worry Be Happy
  • #76,351
  • May 8, 2018 1:59pm May 8, 2018 1:59pm
Quoting MrPresident
entered short position from 109.1 target 108 stop 110.2
Most of the yen pairs have been smashed to pieces, with the exception of UJ.
  • #76,352
  • May 8, 2018 2:03pm May 8, 2018 2:03pm
Quoting Yvonnely
{quote} Most of the yen pairs have been smashed to pieces, with the exception of UJ.
I noticed that, too.

Still, the swap on a short contract on UJ is nasty business...!
  • #76,353
  • May 8, 2018 2:05pm May 8, 2018 2:05pm
Today's close will be very interesting.

According to my charts, if it closes at 109.00 or higher, the bulls still have it on balance.
  • #76,354
  • May 8, 2018 2:06pm May 8, 2018 2:06pm
Quoting Luzbay
{quote} I noticed that, too. Still, the swap on a short contract on UJ is nasty business...!
Yes you are right! It is very costly....but I will take a short! Wish me luck!
  • #76,355
  • May 8, 2018 2:08pm May 8, 2018 2:08pm
not really moving anywhere just yet, still undecided
Don't Worry Be Happy
  • #76,356
  • Edited 3:03pm May 8, 2018 2:48pm | Edited 3:03pm
Watching closely.. market doesn't seem to have made heads or tails of this. Dollar looks resilient yet, but we'll see going into the close. At this point I just don't think I'm comfortable being long until things shake out, especially with the dollar this high. Scoping out this potential H&S on the 4H.
niemals aufgeben
  • #76,357
  • May 8, 2018 3:46pm May 8, 2018 3:46pm
Starting to the see the markets bias, we are, with these large wicks, hmmmmm
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Learn, a forex trader must, unlearn and relearn he will.
  • #76,358
  • May 8, 2018 3:47pm May 8, 2018 3:47pm
1 hour zoomed in
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Learn, a forex trader must, unlearn and relearn he will.
  • #76,359
  • May 8, 2018 3:51pm May 8, 2018 3:51pm
Quoting COGSx86
Starting to the see the markets bias, we are, with these large wicks, hmmmmm {image}
Could You please share your experience, what could these wicks mean in this particular spot? On first sight they are all in the same zone... hmm...
  • #76,360
  • May 8, 2018 4:05pm May 8, 2018 4:05pm
Same above although middle box are not wicks per se but sure are indecisive candles:
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