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USD/JPY Discussion

  • #77,901
  • Aug 29, 2018 8:48am Aug 29, 2018 8:48am
Hello fellow traders,

Bullish on h4. Price didn't reach the shaded zone that i like. But i'll risk some pips here to reach upper structure.

Thanks

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"The markets can remain irrational longer than you can remain solv
  • #77,902
  • Aug 29, 2018 8:55am Aug 29, 2018 8:55am
Quoting SunTrader
{quote} Now it is ... slightly - one whole 30 minute bars worth. It was sideways when you posted previously. And the market for most of us began Sunday night and closes Friday afternoon.
well yeah different traders different tools.. well lets see now if bulls continue
  • #77,903
  • Aug 29, 2018 8:58am Aug 29, 2018 8:58am
anybody for 112? looking that way
  • #77,904
  • Aug 29, 2018 9:15am Aug 29, 2018 9:15am
Could be, if it can clear (as in close above) 111.457 on H1 chart basis. Not having an easy time of it at the moment.
  • #77,905
  • Aug 29, 2018 10:48am Aug 29, 2018 10:48am
112 soo0n tonight or tomorrow
  • #77,906
  • Aug 29, 2018 10:50am Aug 29, 2018 10:50am
Quoting Suj
112 soo0n tonight or tomorrow
112.15 area or we can say 112 area
  • #77,907
  • Aug 29, 2018 2:52pm Aug 29, 2018 2:52pm
USD/JPY finally broke its latest range to the upside. The pair is currenlty trading around 111.70 and is showing strong bullish momentum. On the four hour time frame the price stands well above its 100-day and 200-day SMAs and both are running in parallel, maintaining neutral stance. RSI and stochastic had advanced towards positive territories, now losing their positive momentum but holding at daily highs. I think the monthly high at 112.14 might be tested very soon
  • #77,908
  • Aug 29, 2018 3:36pm Aug 29, 2018 3:36pm
Quoting Lot77
USD/JPY finally broke its latest range to the upside. The pair is currenlty trading around 111.70 and is showing strong bullish momentum. On the four hour time frame the price stands well above its 100-day and 200-day SMAs and both are running in parallel, maintaining neutral stance. RSI and stochastic had advanced towards positive territories, now losing their positive momentum but holding at daily highs. I think the monthly high at 112.14 might be tested very soon
No clear signs of reversal yet but if this pair losing its bull momentum, 111.40 area could be test during asian session. Lets see what will happen
  • #77,909
  • Aug 29, 2018 4:50pm Aug 29, 2018 4:50pm
Quoting Pipmasterfx
{quote} No clear signs of reversal yet but if this pair losing its bull momentum, 111.40 area could be test during asian session. Lets see what will happen
It has bounced off 78.6 fibo

Im still holding on to shorts. Hopefully, I don't lose this one... Haven't lost a trade in over 34 trades...
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  • #77,910
  • Aug 29, 2018 5:09pm Aug 29, 2018 5:09pm
Quoting Chenzo25
{quote} It has bounced off 78.6 fibo Im still holding on to shorts. Hopefully, I don't lose this one... Haven't lost a trade in over 34 trades... {image}
That's a daily chart - with only a little trading so far in the bar, so don't you think it's a bit premature to say it has bounced yet?
  • #77,911
  • Aug 29, 2018 5:15pm Aug 29, 2018 5:15pm
Quoting Chenzo25
{quote} It has bounced off 78.6 fibo Im still holding on to shorts. Hopefully, I don't lose this one... Haven't lost a trade in over 34 trades... {image}
The only reason why im bullish on this pair is the gold price. It is falling like hell. We know this pair move inversely with the gold price as they share the safe haven status. But the market is mixed. Uj shoot up, gold make a small move only. The Au fall also. What they up to, still not clear. What i saw all the yen pair shoot up also. Good luck with your trade!
  • #77,912
  • Aug 29, 2018 5:30pm Aug 29, 2018 5:30pm
Quoting Pipmasterfx
{quote} The only reason why im bullish on this pair is the gold price. It is falling like hell. We know this pair move inversely with the gold price as they share the safe haven status. But the market is mixed. Uj shoot up, gold make a small move only. The Au fall also. What they up to, still not clear. What i saw all the yen pair shoot up also. Good luck with your trade!
Was falling like hell. More than a week ago. Might go lower but for the moment it has stabilized.
  • #77,913
  • Aug 29, 2018 5:38pm Aug 29, 2018 5:38pm
Quoting SunTrader
{quote} Was falling like hell. More than a week ago. Might go lower but for the moment it has stabilized.
Yes was falling but no clear signs of reversal yet. Might go lower till 1125 (on my chart). Either reverse or resume to test the support below. If resume, uj shoot up. If reverse, uj fall. Atm, im still bullish on uj.
  • #77,914
  • Aug 29, 2018 5:40pm Aug 29, 2018 5:40pm
Quoting Pipmasterfx
{quote}We know this pair move inversely with the gold price !

You sure you're not thinking of the Yuan?
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  • #77,915
  • Aug 29, 2018 6:29pm Aug 29, 2018 6:29pm
Quoting SunTrader
{quote} That's a daily chart - with only a little trading so far in the bar, so don't you think it's a bit premature to say it has bounced yet?
Yes, but its also at the monthly pivot and we had an inside bar form as well. We will see what happens
You will learn the most from your losing Trades
  • #77,916
  • Edited 9:04pm Aug 29, 2018 8:48pm | Edited 9:04pm
loaded shorts on breakdown/ volume , totally unsure of plan at this stage, other than BE and see where it goes. Hopefully not a bear trap. It refused to go up earlier so it came down, doesn't mean it wont bounce and try again. I'll pull profits sooner rather than later.
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  • #77,917
  • Aug 29, 2018 8:56pm Aug 29, 2018 8:56pm
D1 S/R is a bit strong.
swing pattern. ready to pull up at 110.837
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  • #77,918
  • Edited 9:34pm Aug 29, 2018 9:05pm | Edited 9:34pm
Quoting COGSx86
{quote} You sure you're not thinking of the Yuan? {image}
Thats why i said the market move is mixed atm. Still not clear what they up to. Nowadays, what will be the issue that will drive the market. Yuan weaken, Aussie weaken. Gold? Uj? I hope so to buy the yen but still not clear the direction of this currency. The yen is depreciated in almost all pair that relates to the yen.
  • #77,919
  • Aug 29, 2018 9:06pm Aug 29, 2018 9:06pm
Ha ! All stopped out (for small profit)
  • #77,920
  • Aug 29, 2018 9:16pm Aug 29, 2018 9:16pm
if it comes back above 111.653 I'll think bullish
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