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USD/JPY Discussion

  • #76,941
  • Jun 8, 2018 10:55am Jun 8, 2018 10:55am
Quoting SunTrader
Fridays often are lackluster but besides FOMC next week could market be waiting for the next Trumpy shoe to drop over weekend at G7 or is it G8 (with Russia back in) or maybe even G6 (US kicked out)?
I don't expect Kim to go down so quietly either.The whole stuff could a PR drama.

Lot of uncertainities and a rollercoaster next week.
Your friendly neighbourhood Sith
  • #76,942
  • Jun 8, 2018 11:32am Jun 8, 2018 11:32am
Quoting darthPip
{quote} I don't expect Kim to go down so quietly either.The whole stuff could a PR drama. Lot of uncertainities and a rollercoaster next week.
Trumpy's record, especially since getting into office, is to get the short end of the stick.

So I'd say either no accord of any value or all kinds of giveaways to Kim without much in return.

But hey Dennis Rodman is going so who knows LOL
  • #76,943
  • Jun 8, 2018 11:58am Jun 8, 2018 11:58am
Frankfurt and London...was this a sell-off or there was some buying hided?
After the effort to fall of London, there was some buyers coming in, activity was kept high at the lows, that made the price pull back up until 109.59. This pull up was made with decreasing activity. This means that either have been some buying during Fk and London open or... price has been pulled up in order to fill more shorts.
High activity returned at 109.5 with a new effort to fall, resulting in a higher low.
Since then, price has been going up on low activity. If it was not Friday, i would say, no buying interest....
i believe a new low will be made during next week...

Great weekend to all of you!
If you don't know how to earn money, don't loose it.
  • #76,944
  • Jun 8, 2018 12:31pm Jun 8, 2018 12:31pm
The pair looks bearish, i think it might break to the downside next week.
  • #76,945
  • Jun 9, 2018 7:20pm Jun 9, 2018 7:20pm
This epic photo from instagram sums up G7
Attached Image (click to enlarge)
Click to Enlarge Name: DfRJ0oqW4AAUgvy.jpg Size: 249 KB
Your friendly neighbourhood Sith
  • #76,946
  • Jun 10, 2018 5:27am Jun 10, 2018 5:27am
1H Chart

looking forward to B wave, then short again.
Attached Image (click to enlarge)
Click to Enlarge Name: tvc_62c1dbf42bbf8b813029a3a2bee62c51.png Size: 82 KB
Win/Loss Ratio
  • #76,947
  • Jun 10, 2018 5:32am Jun 10, 2018 5:32am
Quoting corexin
1H Chart looking forward to B wave, then short again. {image}
This would coincide with the GJ - Small upside then short
  • #76,948
  • Jun 10, 2018 5:49am Jun 10, 2018 5:49am
Quoting estrago
{quote} This would coincide with the GJ - Small upside then short
can you direct me to his/her post? or username please.
Win/Loss Ratio
  • #76,949
  • Jun 10, 2018 10:55am Jun 10, 2018 10:55am
Quoting corexin
1H Chart looking forward to B wave, then short again. {image}
Your wave count looks correct - except I believe wave 3 and 4 should be shifted to the next higher high and higher low to the right. Not that it affects the ABC correction currently in progess. My guess is wave b will be a shallow one and end soon. If I have a chance I will post what I have later when I am back home.
  • #76,950
  • Jun 10, 2018 11:29am Jun 10, 2018 11:29am
Quoting SunTrader
{quote} Your wave count looks correct - except I believe wave 3 and 4 should be shifted to the next higher high and higher low to the right. Not that it affects the ABC correction currently in progess. My guess is wave b will be a shallow one and end soon. If I have a chance I will post what I have later when I am back home.
would love to see a chart from you, been some time it has
Learn, a forex trader must, unlearn and relearn he will.
  • #76,951
  • Jun 10, 2018 2:17pm Jun 10, 2018 2:17pm
I know it may be unpopular, but I want to buy the shit out of this soon.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #76,952
  • Jun 10, 2018 2:43pm Jun 10, 2018 2:43pm
Quoting CannonScout
I know it may be unpopular, but I want to buy the shit out of this soon.
I would avoid that, 108.5 here we come, shout out to MrPResident for the behind the scenes weekend market.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy26.png Size: 34 KB
Learn, a forex trader must, unlearn and relearn he will.
  • #76,953
  • Jun 10, 2018 2:44pm Jun 10, 2018 2:44pm
Attached Image (click to enlarge)
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Learn, a forex trader must, unlearn and relearn he will.
  • #76,954
  • Jun 10, 2018 3:15pm Jun 10, 2018 3:15pm
I have been saying I thought 109.00 was the spot. after further study and thought I really think we need to give 108.50 a chance here. the spot that could give it a challenge is 109.16 for a double bottom,then run back up for a double top somewhere under 110.00 thats what i was thinking.
I am not so sure because pa on the 5m chart for u.s. session for is quite flat and we closed at 109.50. A 100 pip dip would clear off all of the bottom pikers (myself included) im going to clear off all my 109 pending orders and let things develop some more. more ore less either way at this point, My opinion at this point is to play it safe for now and let thing develop some more. it will tip its cards it always dose we just have to wait until we see it.
  • #76,955
  • Jun 10, 2018 3:40pm Jun 10, 2018 3:40pm
To me, the range is rather established. And I think we’ll look back on this period and wonder why we didn’t adopt a range strategy. I have no doubts that a touch of 112 is possible soon. And that USD demand will begin growing at the 108.80 level. However 108.20 is a possibility too. Will just have to assess the action when it gets there, IF it gets there.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #76,956
  • Jun 10, 2018 3:41pm Jun 10, 2018 3:41pm
Quoting darthPip
This epic photo from instagram sums up G7 {image}
I don’t know why but John Bolton always looks like postman pat to me
Humans are naturally hardwired to avoid and detest uncertainty.
  • #76,957
  • Jun 10, 2018 5:02pm Jun 10, 2018 5:02pm
might be going up this week due to NK/USA summit, FOMC, and better than expected USD data

next week, it could start to trend lower

be cautious
Don't Worry Be Happy
  • #76,958
  • Jun 10, 2018 5:17pm Jun 10, 2018 5:17pm
for a short id say sell 109.48 stop at 109.58 tp 108.49. we will see.
  • #76,959
  • Jun 10, 2018 5:40pm Jun 10, 2018 5:40pm
Quoting 4xjunkie
for a short id say sell 109.48 stop at 109.58 tp 108.49. we will see.
Nice call.I moved my short limit from 109.50 to 109.47 just when it got thereLets see.
Your friendly neighbourhood Sith
  • #76,960
  • Jun 10, 2018 9:37pm Jun 10, 2018 9:37pm
Buy - 109.481

I think UJ have 1 point of the support on the daily chart.
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