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USD/JPY Discussion

  • #77,721
  • Edited 2:49am Aug 15, 2018 2:34am | Edited 2:49am
Quoting COGSx86
{quote} Why is the market too risky to short? How many pips are you looking to make? Wouldn't it be said it's too risk to go long? Does price not take a rest? Can buyers always be present? Can sellers never look to enter? Up some, down some, the market goes. And a powerful ally it is. Banks create it, buyers make it grow. Sellers take their share well buyers buy some more. Its movements we watch, each tick, each thrust. Luminous traders we must become for this market does not move in this straight line, many here believe. {image}
The wise Decition should be stay awhile when storm go away just my sense and stay strict about what's going on.
  • #77,722
  • Aug 15, 2018 2:54am Aug 15, 2018 2:54am
Quoting PowerTrade
{quote} Yes, I think the same. UJ will range between 110 and 113 until next BOJ rate decision.
Inflation data showed clearly another attempt to raise rates is impossible. Abe last year wanted 2%

To appease mkts sides - reflationists -really, finance ministry gave forward guidance - historically boj has never given.

Their guidance- a pledge to keep rock bottom for an extended period

For your sake hope USD/JPY doesn't range 110-113 till next decision

This all happened last week

Incorporate economic fundamentals legitimately if you want to succeed don't go through motions
  • #77,723
  • Aug 15, 2018 3:14am Aug 15, 2018 3:14am
Quoting hellsbells
{quote} I don't know what you're apologising for, I'm not offended if you're talking to me. I Took profit at 110.184, great trade I'm happy with it. People say whatever they like on these forums, take it or leave it, agree or disagree, no use getting upset. People post fundamental info here too. I read that, I find economics fascinating, but it's not what I use to trigger a trade. I closed my trade at 110.184 because it was a good profit, and because it was around noon AEST when I find the market enters what I call the doldrums for a couple of hours....
Usually doesn't benefit to post on fx forums. Visit the thread when it's showing on the main page. Gets pretty convoluted and weird sometimes

----Turkish courts just rejected Brunson's appeal..fingbastards
going to higher court still---

Trade - no. Haven't put in a ticket for almost a month.
Most often I don't trade the minutia or randomness depending. Sometimes just to add cash to the acct
I wait for criteria and condition and go in hard. The clearer the harder

Good luck
  • #77,724
  • Aug 15, 2018 3:59am Aug 15, 2018 3:59am
https://www.forexfactory.com/showthr...5#post11369755
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  • #77,725
  • Aug 15, 2018 6:51am Aug 15, 2018 6:51am
Be advised markets are currently risk off. Could change at a moment's notice of course. But if it doesn't don't fight the trend on whatever timeframe you trade. And for those who haven't traded in almost a month, no big deal.
  • #77,726
  • Aug 15, 2018 9:13am Aug 15, 2018 9:13am
it is time to load..Short USDJPY ..This is the safest trade of the year i think

i enter USDJPY SHORT AT 110.65..until FED meeting
  • #77,727
  • Aug 15, 2018 9:18am Aug 15, 2018 9:18am
Quoting Tengizhan
it is time to load..Short USDJPY ..This is the safest trade of the year i think i enter USDJPY SHORT AT 110.65..until FED meeting
Safe would be waiting for at least a small bounce first to go short. But safest of the year ... nah.
  • #77,728
  • Aug 15, 2018 9:59am Aug 15, 2018 9:59am
https://www.forexfactory.com/showthr...2#post11371352
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  • #77,729
  • Aug 15, 2018 10:59am Aug 15, 2018 10:59am
Quoting SunTrader
{quote} Safe would be waiting for at least a small bounce first to go short. But safest of the year ... nah.
Big bounce in H1 so I took profit.

I'm bearish for UJ but I don't see it down 110 this week, In fact I would've liked to close my position earlier.
A good strategy for trading is... the opposite of having a bad strategy.
  • #77,730
  • Aug 15, 2018 11:13am Aug 15, 2018 11:13am
Quoting PowerTrade
{quote} Big bounce in H1 so I took profit. I'm bearish for UJ but I don't see it down 110 this week, In fact I would've liked to close my position earlier.
I follow traders market comments - not their actual trades so - sorry I don't have a clue if you were long or short and from what point?
  • #77,731
  • Edited 12:16pm Aug 15, 2018 12:06pm | Edited 12:16pm
Quoting Tengizhan
it is time to load..Short USDJPY ..This is the safest trade of the year i think i enter USDJPY SHORT AT 110.65..until FED meeting
thats not true man look at the charts 03-28 that was safest market on that day this is just one more day overtrade rather than usually, like if you agree
  • #77,732
  • Aug 15, 2018 6:36pm Aug 15, 2018 6:36pm
Quoting SunTrader
{quote} I follow traders market comments - not their actual trades so - sorry I don't have a clue if you were long or short and from what point?
Yep, I didn't mention but now it will be updated.

1. Shorted 110.800
2. I closed 110.700
3. Short again 110.600

I was talking about that big bounce in H1 chart.
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A good strategy for trading is... the opposite of having a bad strategy.
  • #77,733
  • Aug 15, 2018 6:44pm Aug 15, 2018 6:44pm
Quoting Fml
{quote} Inflation data showed clearly another attempt to raise rates is impossible. Abe last year wanted 2% To appease mkts sides - reflationists -really, finance ministry gave forward guidance - historically boj has never given. Their guidance- a pledge to keep rock bottom for an extended period For your sake hope USD/JPY doesn't range 110-113 till next decision This all happened last week Incorporate economic fundamentals legitimately if you want to succeed don't go through motions
Thanks for your insight, very useful.

But I'm not going through any emtion, in fact it could be the first time BOJ and Kuroda give up.

Maybe you will be interested in reading this article from Reuters: https://www.reuters.com/article/us-j...-idUSKBN1KR0TA

So I assume markets haven't made any decission yet and I guess they will wait till next BOJ meeting next month.

That's just my opinion.


Quoting voketexpert
{quote} I dont know what happened in real world. My technical analysis says that trump and USD are a going stronger. But JPY resist will until tomorrow "WE ARE GONNA BUILD THE WALL".
Here you have: https://www.reuters.com/article/us-j...-idUSKBN1KR0TA
A good strategy for trading is... the opposite of having a bad strategy.
  • #77,734
  • Aug 15, 2018 8:18pm Aug 15, 2018 8:18pm
Quoting PowerTrade
{quote} Yep, I didn't mention but now it will be updated. 1. Shorted 110.800 2. I closed 110.700 3. Short again 110.600 I was talking about that big bounce in H1 chart. {image}

And closed with profit @ 110.479
A good strategy for trading is... the opposite of having a bad strategy.
  • #77,735
  • Aug 15, 2018 8:54pm Aug 15, 2018 8:54pm
What an epic rejection of 110.480. I guess it's bullish after all lol. Will see how it settles and come back in a few hours. If it drifts down and rejects 110.655ish I'll go long again maybe in the arvo session.
  • #77,736
  • Aug 15, 2018 10:24pm Aug 15, 2018 10:24pm
Quoting hellsbells
What an epic rejection of 110.480. I guess it's bullish after all lol. Will see how it settles and come back in a few hours. If it drifts down and rejects 110.655ish I'll go long again maybe in the arvo session.
This was because of good AUD news, not because of 110.480. Better watch the news calendar. AUD <-> JPY are connected heavily with their commercial relations, hence the uplift for the JPY too.
  • #77,737
  • Aug 15, 2018 10:34pm Aug 15, 2018 10:34pm
Quoting geektrader
{quote} This was because of good AUD news, not because of 110.480. Better watch the news calendar. AUD <-> JPY are connected heavily with their commercial relations, hence the uplift for the JPY too.
I do look at the calendar, but I didn't think the AUD employment news would impact the UJ so strongly. Live and learn. Good point thanks.
At the time I thought it was rejection of TL
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  • #77,738
  • Aug 16, 2018 6:28am Aug 16, 2018 6:28am
Sideways for 9 hours - how big an impact was that again? More like one hit wonder.
  • #77,739
  • Aug 16, 2018 7:47am Aug 16, 2018 7:47am
Quoting SunTrader
Sideways for 9 hours - how big an impact was that again? More like one hit wonder.
what you want this is zen pair if you'd like it stab one hit bleed out pair try USD/TRY
  • #77,740
  • Aug 16, 2018 8:00am Aug 16, 2018 8:00am
Quoting Arturke
{quote} what you want this is zen pair if you'd like it stab one hit bleed out pair try USD/TRY
Lost in translation I guess. Haven't a clue what you saying.
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