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USD/JPY Discussion

  • #77,421
  • Jul 25, 2018 8:54am Jul 25, 2018 8:54am
Quoting YellowFellow
{quote} Closed with tiny loss..
Re-initiated a long U/J
Attached Image
Meditate -> Workout -> Good Food = Good Life!
  • #77,422
  • Jul 25, 2018 10:05am Jul 25, 2018 10:05am
Quoting YellowFellow
{quote} Re-initiated a long U/J {image}
SL Hit.. nonetheless, my view remains Long..
Meditate -> Workout -> Good Food = Good Life!
  • #77,423
  • Jul 25, 2018 10:09am Jul 25, 2018 10:09am
Does anyone know the reason behind such a wild move suddenly?
  • #77,424
  • Jul 25, 2018 10:12am Jul 25, 2018 10:12am
Quoting YellowFellow
{quote} SL Hit.. nonetheless, my view remains Long..
USD/JPY sliding as the greenback loses ground
The USD/JPY is struggling to hold onto 111.00 as the US Dollar is coming under pressure and as US yields are on the back foot. President Trump will meet the EU Commission President Juncker later in the day.
See FxStreet News
https://www.fxstreet.com/currencies/usdjpy
  • #77,425
  • Jul 25, 2018 10:33am Jul 25, 2018 10:33am
Yields are actually pulling back a little today.
  • #77,426
  • Jul 25, 2018 10:43am Jul 25, 2018 10:43am
Quoting LethalH97
Does anyone know the reason behind such a wild move suddenly?
What wild move was that? Didn't see one
  • #77,427
  • Jul 25, 2018 11:21am Jul 25, 2018 11:21am
Quoting SunTrader
Yields are actually pulling back a little today.
Do really believe that many of traders here can make optimal fundamental analysis? =)))
Like fund rate change - up doesn't mean that USD will get stronger after that. So... I see enough good data for USD and use fibonacci levels for trading. Now trying take long USD/JPY, but we see what is happening when Trump is US president.

Open long at 111.00, SL 110.75, TP 111.85.
  • #77,428
  • Jul 25, 2018 11:33am Jul 25, 2018 11:33am
Quoting dn1977
{quote} What wild move was that? Didn't see one
This one:-
Attached Image (click to enlarge)
Click to Enlarge Name: UJ wild lol.png Size: 56 KB
  • #77,429
  • Jul 25, 2018 11:34am Jul 25, 2018 11:34am
Quoting Dream_trader
{quote} Do really believe that many of traders here can make optimal fundamental analysis? =))) ...
Not a chance.


  • #77,430
  • Jul 25, 2018 11:34am Jul 25, 2018 11:34am
Quoting arasheed
{quote} USD/JPY sliding as the greenback loses ground The USD/JPY is struggling to hold onto 111.00 as the US Dollar is coming under pressure and as US yields are on the back foot. President Trump will meet the EU Commission President Juncker later in the day. See FxStreet News https://www.fxstreet.com/currencies/usdjpy
Thanks for the advise!

I do not like to trade news.. it never works for me.. I use VSA mostly.. and try to go opposite of low volume PA..

PS: check my TE, so you know..
Meditate -> Workout -> Good Food = Good Life!
  • #77,431
  • Jul 25, 2018 1:32pm Jul 25, 2018 1:32pm
Quoting SunTrader
{quote} This one:- {image}
25 pip move is not very wild at all.
  • #77,432
  • Jul 25, 2018 1:47pm Jul 25, 2018 1:47pm
Quoting dn1977
{quote} 25 pip move is not very wild at all.
You did notice that is a one minute chart?

Down, back up and back down again - for no particular reason that I can tell.

It happens but I would still think of it as wild.

Also we are talking about USDJPY which doesn't really have big, big daily or intra day moves.
  • #77,433
  • Jul 25, 2018 2:02pm Jul 25, 2018 2:02pm
Quoting SunTrader
{quote} You did notice that is a one minute chart? Down, back up and back down again - for no particular reason that I can tell. It happens but I would still think of it as wild. Also we are talking about USDJPY which doesn't really have big, big daily or intra day moves.
I don't look at 1 minute chart at all , its all noise. and the reason it made that very small move is simple, someone Took a trade.
  • #77,434
  • Jul 25, 2018 2:14pm Jul 25, 2018 2:14pm
near support here a second time, shall we start to trade under it for a few hours, I might be willing to consider shorts on a retest of 111.10.....
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #77,435
  • Jul 25, 2018 2:30pm Jul 25, 2018 2:30pm
Quoting dn1977
{quote} I don't look at 1 minute chart at all , its all noise. and the reason it made that very small move is simple, someone Took a trade.

The move coincided with this news btw:
https://www.forexfactory.com/news.php?do=news&id=797809

Must have screwed up lots of stops for longs.Changed all my green positions into red ! Was stopped out with some loss.
Your friendly neighbourhood Sith
  • #77,436
  • Jul 25, 2018 3:35pm Jul 25, 2018 3:35pm
Quoting dn1977
{quote} I don't look at 1 minute chart at all ...
I don't either. I looked to make a point - that you failed to grasp. Oh well.

Current daily ATR(14) is 0.743. That bar was 0.287 which works out to 39% of daily. Or nowhere near typical.
  • #77,437
  • Jul 25, 2018 3:37pm Jul 25, 2018 3:37pm
Quoting darthPip
{quote} The move coincided with this news btw: https://www.forexfactory.com/news.php?do=news&id=797809 Must have screwed up lots of stops for longs.Changed all my green positions into red ! Was stopped out with some loss.
I hadn't checked but kinda what I thought. Drumpf at it again.
  • #77,438
  • Edited 4:21pm Jul 25, 2018 4:08pm | Edited 4:21pm
UJ has broken the upward trend line that started about March 22. I stared at the screen like an unhealthy crazy person for too long yesterday and ended up over trading the range bound market, however I did get a short in . My TP was/is approx 110.580 ie 50 SMA on daily. It didn't quite hit it. I'm leaving TP or even dropping it more, I think there's more down to come unless the H4 candle proves to be a hammer, But i think the broken TL is more important.
And for the bear dreamers, it's getting towards the end of the month, there could be a shooting star rejection of 50 SMA on monthly chart. That could be interesting. How about TP of 103.100 at $30k with a super bearish month candle. #sighsndreams
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  • #77,439
  • Jul 25, 2018 4:15pm Jul 25, 2018 4:15pm
Quoting SunTrader
{quote} I don't either. I looked to make a point - that you failed to grasp. Oh well. Current daily ATR(14) is 0.743. That bar was 0.287 which works out to 39% of daily. Or nowhere near typical.
The point I was trying to make, which you failed to grasp is , its pointless looking at a 1 minute chart and getting excited about a 25 pip move. you got a lot to learn. oh well.
  • #77,440
  • Jul 25, 2018 6:15pm Jul 25, 2018 6:15pm
Quoting SunTrader
{quote} You did notice that is a one minute chart? Down, back up and back down again - for no particular reason that I can tell. It happens but I would still think of it as wild. Also we are talking about USDJPY which doesn't really have big, big daily or intra day moves.
Your failure to understand low time frame price movement, which is no different than any other time frame price movement, doesn’t make it “for no particular reason”. It’s just that you don’t understand it....period.....
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