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USD/JPY Discussion

  • #76,521
  • May 15, 2018 3:37pm May 15, 2018 3:37pm
Quoting Lot77
USD/JPY made good rally today and currently is pressuring the February’s high at 110.48, which could be a possible breakout point.
You and I are on the same page, I never considered it to be a b.o. it fits. good luck everyone,
  • #76,522
  • May 15, 2018 5:06pm May 15, 2018 5:06pm
Quoting MorganX
as promised {image}
Scenario on-going. ~45% reached
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  • #76,523
  • May 15, 2018 7:18pm May 15, 2018 7:18pm
Quoting COGSx86
Lets see if it breaks {image}

Gonna bounce now, or make the push
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Learn, a forex trader must, unlearn and relearn he will.
  • #76,524
  • May 16, 2018 1:00am May 16, 2018 1:00am
I think we want to be short about 110.40-45 area for a retest of 110.00
  • #76,525
  • May 16, 2018 1:15am May 16, 2018 1:15am
Been short and price fails to move pass 111.164. Price range seem to be tight. Still waiting for the fall to come.
Keep the Lights on then you can catch the rise from the dark.
  • #76,526
  • May 16, 2018 1:58am May 16, 2018 1:58am
Quoting ricmaj
Been short and price fails to move pass 111.164. Price range seem to be tight. Still waiting for the fall to come.
Ways to go yet. Think of how much global trade has to pass through this currency. Lot of activity to take place in the area and orders for USD are still stagnant and waiting to be processed. JUST SIT ON YOUR HANDS. Agreed with you that it will fall, but be patient and wait. No point shorting now and wasting interest dollars.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #76,527
  • May 16, 2018 2:16am May 16, 2018 2:16am
110.00
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  • #76,528
  • May 16, 2018 2:39am May 16, 2018 2:39am
UJ H1
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Self discipline It is a practice
  • #76,529
  • May 16, 2018 2:39am May 16, 2018 2:39am
tp: open
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  • #76,530
  • May 16, 2018 2:53am May 16, 2018 2:53am
I bet the amount of buy limit orders at 110.00 are insane.
  • #76,531
  • May 16, 2018 2:56am May 16, 2018 2:56am
No bounce from any key level. Why are you talking about shorts? Healthy channel, no weakness... Hungry for retraces? Good luck.
I will target 111 and buy bottoms.

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Define short levels by yourself. H1 tf.
Forcemeat can not be unrolled back...
  • #76,532
  • May 16, 2018 3:01am May 16, 2018 3:01am
Quoting Luzbay
I bet the amount of buy limit orders at 110.00 are insane.
Man, how sweet it would be to fill all those orders - and them squeeze them 'till they question everything they believe..
  • #76,533
  • May 16, 2018 3:07am May 16, 2018 3:07am
Quoting BubaYaga
{quote} Man, how sweet it would be to fill all those orders - and them squeeze them 'till they question everything they believe..
Dream trader?
Forcemeat can not be unrolled back...
  • #76,534
  • May 16, 2018 4:05am May 16, 2018 4:05am
Come to Papa, 110.00.
  • #76,535
  • May 16, 2018 5:36am May 16, 2018 5:36am
The rejection from 110.441 is clear. Sell to 109.810
Keep the Lights on then you can catch the rise from the dark.
  • #76,536
  • May 16, 2018 6:36am May 16, 2018 6:36am
Quoting ricmaj
The rejection from 110.441 is clear. Sell to 109.810
Every top rejection is clear enought to be a top. This top did not hit 110.5, and have no impulse on rejection.
And we are inside the channel so far.
111 is still open target.
Forcemeat can not be unrolled back...
  • #76,537
  • May 16, 2018 6:37am May 16, 2018 6:37am
if it can't get above 110.5, then it might come down further to 109.6 or lower

above 110.5, 111 is the next level for bulls and that could still be possible
Don't Worry Be Happy
  • #76,538
  • May 16, 2018 6:47am May 16, 2018 6:47am
Quoting MrPresident
if it can't get above 110.5, then it might come down further to 109.6 or lower above 110.5, 111 is the next level for bulls and that could still be possible
Yes, the rejection from the high must be an impulse. Then on retrace we can talk about shorts. Better point tp to the key level with some shorts and watch the rejection manner. I don't mean shorting for the full margin. Leave some space for mistake.
I see ability to get shorts @111.17
Will see the drawings.

I know, than strong yen is not wanted by the BoJ, so we need to break 111 before going south to show the weakness potential for the yen.

But if no impulse from 111 - i don't know where we are will find the top.
Forcemeat can not be unrolled back...
  • #76,539
  • May 16, 2018 6:55am May 16, 2018 6:55am
Quoting catroot
{quote} Every top rejection is clear enought to be a top. This top did not hit 110.5, and have no impulse on rejection. And we are inside the channel so far. 111 is still open target.
Show the chart. For more clarity. I believe you have a large circle.
Keep the Lights on then you can catch the rise from the dark.
  • #76,540
  • Edited 7:15am May 16, 2018 7:01am | Edited 7:15am
Quoting ricmaj
{quote} Show the chart. For more clarity. I believe you have a large circle.
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No problems.


ps.
Daily:
Attached Image


I expect to see a strong rejection from this line and downtrend confirmation.
My short target is 103.8, all below is a long term longs.
100 will be a gift.
Forcemeat can not be unrolled back...
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