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USD/JPY Discussion

  • #77,341
  • Jul 18, 2018 3:46pm Jul 18, 2018 3:46pm
Quoting CannonScout
{quote} Correct. However breath goes both ways. Often for extended periods of time.

Up 200 pips, the market went, retraced 50 pips, it did hmmm. Natural part of the markets, rejoice these moves. For some here believe the market moves in straight lines. Attachment of these lines, leads to greed.

Become one with the market, a trader must.
Learn, a forex trader must, unlearn and relearn he will.
  • #77,342
  • Jul 18, 2018 3:53pm Jul 18, 2018 3:53pm
Quoting SunTrader
Yet another repercussion of the idiot's tariffs:- Russia Liquidates Its US Treasury Holdings https://www.zerohedge.com/news/2018-...asury-holdings
Russias holding’s of US debt is inconsequential. Their economy is scraping the bottom of the barrel. They need cash. If Russia liquidated that debt then someone obviously bought it. Who’s the idiot?
  • #77,343
  • Jul 18, 2018 4:05pm Jul 18, 2018 4:05pm
Quoting Winston Reed
{quote} Russias holding’s of US debt is inconsequential. Their economy is scraping the bottom of the barrel. They need cash. If Russia liquidated that debt then someone obviously bought it. Who’s the idiot?
Russia doesn’t even rank. Glad I trust Trump instead of peanut gallery commenters.
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  • #77,344
  • Jul 18, 2018 4:25pm Jul 18, 2018 4:25pm
Quoting Winston Reed
{quote} Russia doesn’t even rank. Glad I trust Trump instead of peanut gallery commenters.
LOL 4 months out of date you trust. Says it all.
  • #77,345
  • Edited 4:49pm Jul 18, 2018 4:38pm | Edited 4:49pm
Quoting SunTrader
{quote} LOL 4 months out of date you trust. Says it all.
Four months is nothing in terms of selling/buying US debtsecurities in multi billion terms. Fact checkin your BS. Just facts brother. Facts are not time dependant. Again Russia’s holdings are inconsequential now or several months from now. Get a grip!
  • #77,346
  • Jul 18, 2018 4:56pm Jul 18, 2018 4:56pm
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Russia has much more to gain from establishing trading relations with the US than we do. Just the facts.
  • #77,347
  • Jul 18, 2018 5:39pm Jul 18, 2018 5:39pm
Quoting Winston Reed
{image} Russia has much more to gain from establishing trading relations with the US than we do. Just the facts.
I stay out of politics. However the time has come to acknowledge the fact of 'Trump Derangement Syndrome.'

On a trade note, I'm a big buyer of this pair. Yet I want to sell high while I can.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #77,348
  • Jul 18, 2018 5:49pm Jul 18, 2018 5:49pm
Quoting CannonScout
{quote} I stay out of politics. However the time has come to acknowledge the fact of 'Trump Derangement Syndrome.' On a trade note, I'm a big buyer of this pair. Yet I want to sell high while I can.
I see I’m on your ignore list along with 127 others. So why did you reply to me?
  • #77,349
  • Jul 18, 2018 6:11pm Jul 18, 2018 6:11pm
Quoting Winston Reed
{quote} ... Facts are not time dependant.


Except when it comes to trading ... which IS ummm time dependent.

But you don't trade you invest. Difference.
  • #77,350
  • Jul 18, 2018 6:15pm Jul 18, 2018 6:15pm
And did anyone see this:

US housing starts plunge 12% in June to a nine-month low

https://www.cnbc.com/2018/07/17/us-h...june-2018.html

Might need another yuuuge tax cut for the super wealthy to bump the housing market and some cheap lumber from Montana since those pesky tariffs were slapped on Canada driving up building costs. Ain't that a bitch.
  • #77,351
  • Edited Jul 19, 2018 2:16am Jul 18, 2018 6:56pm | Edited Jul 19, 2018 2:16am
I scalp, try and hold when I can. Happy to buy/sell daily regardless of larger trend. Entered Sell with rejection of upward movement, break of 5min TL down now. As always looking to tighten SL, prepared to exit trades at discretion. NB the blue line is SMA50 monthly chart, acting as support atm

Followed by today's dream, of a 23.6 retracement on daily with TP 111.4. lol. Complete with pictures not words.

NB, TP 1st of 4 trades at 112.718. Crazy not to.
Just TP 2/4 at 112.755 at 0430hrs Too much indecision not to. Bit of a battle going on with more bullish vol
Have tightened SL to BE remaining 2 trades

NB, Got stopped out on last 2 trades at $2.40 profit each lol . No dream diamond trade planted, doesn't matter, that's what SL for.
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  • #77,352
  • Jul 18, 2018 7:03pm Jul 18, 2018 7:03pm
Quoting SunTrader
And did anyone see this: US housing starts plunge 12% in June to a nine-month low https://www.cnbc.com/2018/07/17/us-h...june-2018.html Might need another yuuuge tax cut for the super wealthy to bump the housing market and some cheap lumber from Montana since those pesky tariffs were slapped on Canada driving up building costs. Ain't that a bitch.
Most developers build shitty ugly cookie cutter houses these days even in places with lot of land.More houses per acre with no front or backyards.No wonder nobody buys them them anymore.
Plus rising mortgage rates are to blame then trump.
Your friendly neighbourhood Sith
  • #77,353
  • Jul 18, 2018 7:04pm Jul 18, 2018 7:04pm
Bombs blown. Plenty of time (& money) to go before this peters out. It's time to monitor, add and slowly build a sizeable position - because the downside is rarely this limited. Carries up to 115 or thereabouts. Adding with the interest, this will pay for the trip to New Zealand next fall.

Quoting Winston Reed
{quote} I see I’m on your ignore list along with 127 others. So why did you reply to me?
Don't take it personally. I've ignored a lot of people, merely because I like to scan the forums quickly due to lack of time. At times I will see a post I disagree with and ignore the fellow because if it's nonsensical now, it will probably be nonsensical in the future. However, you can still view posts when someone is ignored. Thus I replied to you.

Hope that helps
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Humans are naturally hardwired to avoid and detest uncertainty.
  • #77,354
  • Jul 18, 2018 7:26pm Jul 18, 2018 7:26pm
Quoting SunTrader
{quote} Except when it comes to trading ... which IS ummm time dependent. But you don't trade you invest. Difference.
Oh...I do trade. And yes I do invest. And quite profitably if I might add. But Russia’s “liquidation” of their miniscule amount of US debt is not relevant. Keep your eye on the bouncing ball.
  • #77,355
  • Jul 18, 2018 8:14pm Jul 18, 2018 8:14pm
Quoting SunTrader
And did anyone see this: US housing starts plunge 12% in June to a nine-month low https://www.cnbc.com/2018/07/17/us-h...june-2018.html Might need another yuuuge tax cut for the super wealthy to bump the housing market and some cheap lumber from Montana since those pesky tariffs were slapped on Canada driving up building costs. Ain't that a bitch.
Month over month housing starts are a small part of the health of the overall housing market. Chronic pessimism must be tough to deal with. I'm sorry but I don't feel your pain because there is so much good going on with the Trump presidency.
  • #77,356
  • Jul 18, 2018 8:21pm Jul 18, 2018 8:21pm
Quoting Winston Reed
{quote} Month over month housing starts are a small part of the health of the overall housing market. Chronic pessimism must be tough to deal with. I'm sorry but I don't feel your pain because there is so much good going on with the Trump presidency.
Amen.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #77,357
  • Jul 19, 2018 3:18am Jul 19, 2018 3:18am
USDJPY is trading below the resistance level 112.995 and forms a rising wedge pattern in a technical 4-hour chart. We expect the bearish momentum to continue for next trading hours, pair would get first support at 112.655 and if it sustains below this level then it will take second support at 112.514. Further mounting pressure will force the pair to fall till level of 112.194 after sustenance below third support level at 112.420

If it crosses the resistance level then it could face hurdle at second resistance level 113.161 and may witness a climb till level of 112.398 after breaching third and fourth resistance at 113.235 & 113.317
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  • #77,358
  • Jul 19, 2018 4:22am Jul 19, 2018 4:22am
Got my eyes fixated on 114.50 as first resistance if any on the USDJPY....

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We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #77,359
  • Jul 19, 2018 5:10am Jul 19, 2018 5:10am
Quoting RicardoJoel
USDJPY is trading below the resistance level 112.995 and forms a rising wedge pattern in a technical 4-hour chart. We expect the bearish momentum to continue for next trading hours, pair would get first support at 112.655 and if it sustains below this level then it will take second support at 112.514. Further mounting pressure will force the pair to fall till level of 112.194 after sustenance below third support level at 112.420 If it crosses the resistance level then it could face hurdle at second resistance level 113.161 and may witness a climb...

One must remember, bullish wedge, price is still within, many more pips price will go. 113.6 the market wants.
Learn, a forex trader must, unlearn and relearn he will.
  • #77,360
  • Jul 19, 2018 5:23am Jul 19, 2018 5:23am
Quoting Winston Reed
{quote} Month over month housing starts are a small part of the health of the overall housing market. Chronic pessimism must be tough to deal with. I'm sorry but I don't feel your pain because there is so much good going on with the Trump presidency.
You mean you don't see the pain Trumpy is causing here and abroad with no good explanation other than his incompetency.

But he and Trumpkins like yourself are just too much of a distraction to actual real every day trading. Finally putting you where I needed to long ago - on ignore. Wish I could put him on ignore as well. Time tick, tick, tick, will be up for him soon enough. LOL
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