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USD/JPY Discussion

  • #76,401
  • May 9, 2018 8:25pm May 9, 2018 8:25pm
Just to add, what the market, currently, is looking at, hmmm
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Learn, a forex trader must, unlearn and relearn he will.
  • #76,402
  • May 9, 2018 8:48pm May 9, 2018 8:48pm
So you reckon from here bounce between your blue lines up above 110?
  • #76,403
  • May 9, 2018 8:48pm May 9, 2018 8:48pm
Quoting COGSx86
Before and after, and now looking at 630! {image} {image}
Bang on!!Wish I had seen this earlier
Your friendly neighbourhood Sith
  • #76,404
  • May 9, 2018 9:06pm May 9, 2018 9:06pm
Quoting jagdpanther
So you reckon from here bounce between your blue lines up above 110?

This is a fibo pattern, when price makes an aggressive move with no reversal candles in between. The main idea is price moves from from 100 to 142, back to 100, then who knows or it goes 100-142-200- almost always back to 100.


When price makes new highs or lows the pattern isn't as successful.

To add it won't always go directly to 142, it will sometimes go to 50 or 38.1 and even sometimes the other side. As in -142.



Game of odds.

Now it could go either way, 108.6 or make new highs. Im more bearish now, as oil is up, and the DXY is starting to retreat. Leaning more toward 108.6, the market will decide, and a powerful ally it is. Central banks create it, banks make it grow. It's movements surround us and binds us. Luminous beings are we. You must feel the markets around you. Here between you, me, that chart, those candles, everywhere.
Learn, a forex trader must, unlearn and relearn he will.
  • #76,405
  • May 10, 2018 12:30am May 10, 2018 12:30am
short at 109.77 for a flop long at 109.60 see what happens.
  • #76,406
  • May 10, 2018 1:06am May 10, 2018 1:06am
Base on my simple chart analysis on UJ chart. Today support level @109.647 and resistant level @109.935.
  • #76,407
  • May 10, 2018 1:17am May 10, 2018 1:17am
Quoting anna.serea
Base on my simple chart analysis on UJ chart. Today support level @109.647 and resistant level @109.935.
I am with you on that. Then next 110.
  • #76,408
  • May 10, 2018 1:49am May 10, 2018 1:49am
Yen is weakening across all currency pairs.I dont see why 110 cant be taken out easily.
Your friendly neighbourhood Sith
  • #76,409
  • May 10, 2018 3:28am May 10, 2018 3:28am
Quoting 4xjunkie
short at 109.77 for a flop long at 109.60 see what happens.
dude
resis on this time show 109.95
supp 109.65

where is your tp? where is your stop loss?
A little beginner trader since 2006
  • #76,410
  • May 10, 2018 3:33am May 10, 2018 3:33am
Sold: 109.95
TP:10.75-80
SL:30Pip

stay green every body

make your own risk
A little beginner trader since 2006
  • #76,411
  • May 10, 2018 3:36am May 10, 2018 3:36am
No open positions for me. Expecting a bull move but weary for a double top.
  • #76,412
  • Edited 4:23am May 10, 2018 3:59am | Edited 4:23am
HTF we look at, almost made its full retracements, price has, from the drop starting in the new year. If or when price breaks this nice trend line (light long blue), couple different scenarios, hard and fast or slow and guided. Tell, only time will, still might see a push a little higher, to previous peak in early february, but say the bulls run is slowly coming to an end, would I.

Or price just continues to 111.6-112 but Im pretty sure we will see the market breath, before going to much higher.

Just something to add, volume accumulation has created a very nice wedge, this usually is a leading indicator of key reversals.


edit: Just want too add, the large doji' just formed on the 4 hour chart as well ( look at that wick), at key turning points can show the markets bias.
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Learn, a forex trader must, unlearn and relearn he will.
  • #76,413
  • May 10, 2018 5:07am May 10, 2018 5:07am
Legit yoda teach me the ways of the jed you have been on fire all day
  • #76,414
  • May 10, 2018 5:15am May 10, 2018 5:15am
15 m trade

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Happy trading
  • #76,415
  • May 10, 2018 7:13am May 10, 2018 7:13am
A little strategy from warren buffet. U/J long term ends are 125.00 and 75.00. Price is 110 now.
It takes balls, but works. I don't think price will go back to 125.00 as US economy is not that strong, and Yen is not that weak. Take short positions as price moves higher, tuck in stop loss above 125.00 which price will never get to and wait. Eventually price will decline and downside is larger than potential upside. When will you be in profit? Who knows. But profit will be there eventually with no losses. Does anyone see price above 125.00? If not, a winning strategy for sure. Just takes elephant balls for potential draw down, but probability of 99% or greater of being correct. It's called the easy peasy method!! No other thoughts or trading experience required. Perhaps this is in fact the holy grail!!!
  • #76,416
  • May 10, 2018 7:17am May 10, 2018 7:17am
Sell at 111.50. Choose the high range.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #76,417
  • May 10, 2018 7:19am May 10, 2018 7:19am
Quoting COGSx86
HTF we look at, almost made its full retracements, price has, from the drop starting in the new year. If or when price breaks this nice trend line (light long blue), couple different scenarios, hard and fast or slow and guided. Tell, only time will, still might see a push a little higher, to previous peak in early february, but say the bulls run is slowly coming to an end, would I. Or price just continues to 111.6-112 but Im pretty sure we will see the market breath, before going to much higher. Just something to add, volume accumulation has created...
Agree with that. But I would wait for another week or two. Classic retracement from a first wave down, let prices recover a bit first. Lot of activity still to take place.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #76,418
  • May 10, 2018 7:20am May 10, 2018 7:20am
Quoting nealpek
A little strategy from warren buffet. U/J long term ends are 125.00 and 75.00. Price is 110 now. It takes balls, but works. I don't think price will go back to 125.00 as US economy is not that strong, and Yen is not that weak. Take short positions as price moves higher, tuck in stop loss above 125.00 which price will never get to and wait. Eventually price will decline and downside is larger than potential upside. When will you be in profit? Who knows. But profit will be there eventually with no losses. Does anyone see price above 125.00? If not,...
shorting it and keeping the position open for that long would result in a massive swap fee
Don't Worry Be Happy
  • #76,419
  • May 10, 2018 7:21am May 10, 2018 7:21am
Quoting nealpek
A little strategy from warren buffet. U/J long term ends are 125.00 and 75.00. Price is 110 now. It takes balls, but works. I don't think price will go back to 125.00 as US economy is not that strong, and Yen is not that weak. Take short positions as price moves higher, tuck in stop loss above 125.00 which price will never get to and wait. Eventually price will decline and downside is larger than potential upside. When will you be in profit? Who knows. But profit will be there eventually with no losses. Does anyone see price above 125.00? If not,...
Man the interest expense would be a bit harsh.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #76,420
  • May 10, 2018 7:22am May 10, 2018 7:22am
give me an estimate of what the swap fee and interest would be....What's the difference for traders who sold short at 125.00 and held the position for a couple of years? Seems that the fees would pale in comparison to the profits....
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