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USD/JPY Discussion

  • #78,021
  • Sep 4, 2018 4:10pm Sep 4, 2018 4:10pm
111.50 has lots of volume and pressure. Look at that Pin Bar! Selling again and target is still 110.50

Good night
You will learn the most from your losing Trades
  • #78,022
  • Sep 4, 2018 4:52pm Sep 4, 2018 4:52pm
Quoting Chenzo25
111.50 has lots of volume and pressure. Look at that Pin Bar! Selling again and target is still 110.50 Good night
Even if the volume you see is consolidated from multiple brokers it ain't VOLUME as in the whole market.

And what pinbar - on a 5 minute bar?
  • #78,023
  • Sep 4, 2018 5:20pm Sep 4, 2018 5:20pm
Quoting SunTrader
{quote} Even if the volume you see is consolidated from multiple brokers it ain't VOLUME as in the whole market. And what pinbar - on a 5 minute bar?
Yes that I know. Thank you

4hr chart chief
You will learn the most from your losing Trades
  • #78,024
  • Sep 4, 2018 6:27pm Sep 4, 2018 6:27pm
Quoting Chenzo25
{quote} Yes that I know. Thank you 4hr chart chief
Check your data source. There is none on my H4 bar chart ... unless you are taking about the one that happened almost 24 hours ago at a previous swing low?
  • #78,025
  • Sep 4, 2018 6:49pm Sep 4, 2018 6:49pm
Quoting SunTrader
{quote} Check your data source. There is none on my H4 bar chart ... unless you are taking about the one that happened almost 24 hours ago at a previous swing low?
No. I wouldn’t mention something from 24hrs ago. Oanda last H4bar closed pin bar. Out and about so can’t post a chart
You will learn the most from your losing Trades
  • #78,026
  • Sep 4, 2018 7:50pm Sep 4, 2018 7:50pm
Quoting Chenzo25
{quote}
Quoting SunTrader
{quote}

Respect it, does the market?
Attached Image (click to enlarge)
Click to Enlarge Name: pinbar.jpg Size: 152 KB
Learn, a forex trader must, unlearn and relearn he will.
  • #78,027
  • Sep 4, 2018 9:17pm Sep 4, 2018 9:17pm
Look at that pump and dump action. back to 111.50 we are.

How many SL got taken out? How many Longs got sucked in? Lets see if she goes where I need her to go. Still holding...
You will learn the most from your losing Trades
  • #78,028
  • Sep 5, 2018 1:15am Sep 5, 2018 1:15am
market has been mostly higher this week, thus far....I'm looking for a flag/consolidation and a spot to try some longs, maybe some support trying to build here near 111.50, well see...
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 75 KB
Look Sharp/Trade Tight
  • #78,029
  • Edited 5:17am Sep 5, 2018 4:00am | Edited 5:17am
going to try some longs here at 111.50ish, risk about 12....
Look Sharp/Trade Tight
  • #78,030
  • Sep 5, 2018 7:56am Sep 5, 2018 7:56am
Hope you guys are ready for the down move. bears coming in hot
You will learn the most from your losing Trades
  • #78,031
  • Sep 5, 2018 8:01am Sep 5, 2018 8:01am
Appeared, another pinbar has.
Learn, a forex trader must, unlearn and relearn he will.
  • #78,032
  • Sep 5, 2018 8:33am Sep 5, 2018 8:33am
Quoting COGSx86
Appeared, another pinbar has.
This pair is Funny. No news or data to drive it back up and up it goes. Usually when I see PA behave like this its going opposite way. Price being driven back up for better short..

I could be wrong
You will learn the most from your losing Trades
  • #78,033
  • Sep 5, 2018 8:33am Sep 5, 2018 8:33am
Quoting Chenzo25
Hope you guys are ready for the down move. bears coming in hot
What a coincidence! Market just pop up like hell after u made comment. Lol
  • #78,034
  • Sep 5, 2018 8:35am Sep 5, 2018 8:35am
Quoting COGSx86
{quote} {quote} Respect it, does the market? {image}
Seems about 1/3 to 1/2 the time price doesn't follow through.

Anyway safer play is to wait for confirmation. Others can be the hero.
  • #78,035
  • Sep 5, 2018 8:44am Sep 5, 2018 8:44am
Quoting SunTrader
{quote} Seems about 1/3 to 1/2 the time price doesn't follow through. Anyway safer play is to wait for confirmation. Others can be the hero.

Yes, many conflicting pieces at play, always best to wait.
Learn, a forex trader must, unlearn and relearn he will.
  • #78,036
  • Sep 5, 2018 8:44am Sep 5, 2018 8:44am
Quoting Pipmasterfx
{quote} What a coincidence! Market just pop up like hell after u made comment. Lol
Yes and One more short taken at this level.
You will learn the most from your losing Trades
  • #78,037
  • Sep 5, 2018 8:47am Sep 5, 2018 8:47am
Quoting Chenzo25
{quote} Yes and One more short taken at this level.
Better to wait dude if u plan to short. There's no strong signal yet
  • #78,038
  • Sep 5, 2018 8:54am Sep 5, 2018 8:54am
Quoting Pipmasterfx
{quote} Better to wait dude if u plan to short. There's no strong signal yet
Well ive been short. But since we have been ranging I close out about every 20 pips. Small target are always my goal unless I see strong momentum.

111.75 is another critical zone. currently on first trade placed im down about 42 pips. not much but will hold to see how this plays out. other trades placed on this pair I have taken profit so If I lose this trade will be sort of a wash.
You will learn the most from your losing Trades
  • #78,039
  • Sep 5, 2018 9:23am Sep 5, 2018 9:23am
look at the strong rejection and bear candle.. Guys if you cant see this PA play im sorry...

This is price manipulation at its best.
You will learn the most from your losing Trades
  • #78,040
  • Sep 5, 2018 9:25am Sep 5, 2018 9:25am
Quoting Chenzo25
look at the strong rejection and bear candle.. Guys if you cant see this PA play im sorry... This is price manipulation at its best.
LOL it's called price action. Look at all the other yen pairs. Look at equities, look at bonds, look at Gold. They all are moving.
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