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USD/JPY Discussion

  • #76,961
  • Jun 10, 2018 10:31pm Jun 10, 2018 10:31pm
Things change quickly, they do. If it breaks wowza, nothing much stopping it from going higher.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY124.jpg Size: 330 KB
Learn, a forex trader must, unlearn and relearn he will.
  • #76,962
  • Jun 10, 2018 11:34pm Jun 10, 2018 11:34pm
Quoting palpite
Buy - 109.481 I think UJ have 1 point of the support on the daily chart.
I closed my trades.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #76,963
  • Jun 10, 2018 11:47pm Jun 10, 2018 11:47pm
109.85 would be the top if for 109. being the bottom. form a bounce off of 109.755
  • #76,964
  • Jun 11, 2018 12:26am Jun 11, 2018 12:26am
Quoting 4xjunkie
109.85 would be the top if for 109. being the bottom. form a bounce off of 109.755
Yes, i think it so.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #76,965
  • Jun 11, 2018 12:36am Jun 11, 2018 12:36am
Quoting palpite
{quote} Yes, i think it so.
it just has to get through it once. i believe.
  • #76,966
  • Jun 11, 2018 2:37am Jun 11, 2018 2:37am
I don't understand this compulsion to sell. What are y'all seeing that I don't? The US dollar is on fire for me right now.

I'm just sitting on me hands waiting for a 108 type price to start buying. Because it's definitely going a lot higher.

Has to go up before it comes down.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #76,967
  • Jun 11, 2018 2:51am Jun 11, 2018 2:51am
day trading vs swing trading vs position trading

they all see different things
90% of people, are wrong about 90% of everything, 90% of the time...
  • #76,968
  • Jun 11, 2018 3:17am Jun 11, 2018 3:17am
Dollar regains its bullish momentum ahead of Trump-Kim summit on Tuesday, there is room to extend to 110.20, break above next target would be around 111.20 level.
  • #76,969
  • Jun 11, 2018 4:14am Jun 11, 2018 4:14am
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.
Thanks. I feel the ones I missed counting is the 5.1... 5.5 (the top 5 small waves). that is why I thought should be the way i draw previously. happy to discuss.
Win/Loss Ratio
  • #76,970
  • Jun 11, 2018 8:44am Jun 11, 2018 8:44am
Quoting MrPresident
it may now turn more bearish, bulls failed under 110 i'm selling with a stop above 110.5, target 105 for medium term
no change in my view as selling works intra-day
Don't Worry Be Happy
  • #76,971
  • Jun 11, 2018 9:23am Jun 11, 2018 9:23am
Sell -109.93

.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #76,972
  • Jun 11, 2018 11:33am Jun 11, 2018 11:33am
scalping M5 long UJ let see 110.05 area ...

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Click to Enlarge Name: USDJPYM5.png Size: 24 KB
  • #76,973
  • Jun 11, 2018 1:01pm Jun 11, 2018 1:01pm
Quoting theDHT
{quote} expect a pullback for the rest of the week
pullback may be over now... pending a break of the second resistance level...

after that, its onward and upward

H4
Attached Image (click to enlarge)
Click to Enlarge Name: UJ H4 6.11.18.png Size: 107 KB
90% of people, are wrong about 90% of everything, 90% of the time...
  • #76,974
  • Jun 11, 2018 2:38pm Jun 11, 2018 2:38pm
The USD/JPY broke the key resistance at 110.00 ahead of the key event of the week. Next challenge comes with February’s high at 110.48, which according to the indicators on the four hour time frame is achievable.
  • #76,975
  • Jun 11, 2018 3:02pm Jun 11, 2018 3:02pm
Quoting Lot77
Next challenge comes with February’s high at 110.48, which according to the indicators on the four hour time frame is achievable.
Apologies if I'm missing something...

Didn't we go through that level between 5/17 and 5/23? Other than the normal behaviors going near-and-or-through a .5 level, I'm wondering what sort of orders you're expecting to be there.

EDIT: nm, I see the point if your chart is like what theDHT posted. My 4-hour shows peak at .330 on the 23rd, so perhaps I'm just encountering "a picture is worth a thousand lies".
  • #76,976
  • Jun 11, 2018 3:06pm Jun 11, 2018 3:06pm
sell limit, 110.4

stop 111.5

target 105 medium term
Don't Worry Be Happy
  • #76,977
  • Jun 11, 2018 3:24pm Jun 11, 2018 3:24pm
I will look for a sell trading opportunity at the 78.6 Fib retracement zone of the most recent downward swing on the weekly time frame. This zone is around 111.000/111.500. And it is adjoined to the descending channel resistance.

I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #76,978
  • Jun 11, 2018 3:33pm Jun 11, 2018 3:33pm
See attached chart. 78.6 Fib zone is bound by magenta horizontal lines.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_W1_11th_June,_2018_Tech_Update.png Size: 45 KB


Quoting KeenPips
I will look for a sell trading opportunity at the 78.6 Fib retracement zone of the most recent downward swing on the weekly time frame. This zone is around 111.000/111.500. And it is adjoined to the descending channel resistance. I may be wrong. Trade safe and prosper. KP
Do your homework, follow the footprints of smart money
  • #76,979
  • Jun 11, 2018 6:15pm Jun 11, 2018 6:15pm
market may push it higher today, 110.5 maybe will be the top?
Don't Worry Be Happy
  • #76,980
  • Jun 11, 2018 6:27pm Jun 11, 2018 6:27pm
Quoting MrPresident
sell limit, 110.4 stop 111.5 target 105 medium term
moving sell limit higher to 111 if it gets there, if not, I sell after the Kim/Donald meeting concludes
Don't Worry Be Happy
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