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USD/JPY Discussion

  • #78,361
  • Oct 2, 2018 12:49am Oct 2, 2018 12:49am
well. TP in AJ way too quick, got this late entry, the US dollar was the last to hold against the yen
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  • #78,362
  • Oct 2, 2018 1:04am Oct 2, 2018 1:04am
TP 113.815. Thats me done for the day
  • #78,363
  • Oct 2, 2018 1:11am Oct 2, 2018 1:11am
WoW. I TP in the nick of time. Hour turnovers can be a bitch. What a manipulation!
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  • #78,364
  • Oct 2, 2018 1:17am Oct 2, 2018 1:17am
Quoting hellsbells
WoW. I TP in the nick of time. Hour turnovers can be a bitch. What a manipulation! {image}

Sending a message, someone is, with that wick.
Learn, a forex trader must, unlearn and relearn he will.
  • #78,365
  • Oct 2, 2018 2:09am Oct 2, 2018 2:09am
support now 112.95 to 113.05 lets see if we can reach it or break it
  • #78,366
  • Oct 2, 2018 2:16am Oct 2, 2018 2:16am
Quoting COGSx86
{quote} Sending a message, someone is, with that wick.
What does long wicks signify master yoda?

Thanks
  • #78,367
  • Oct 2, 2018 2:53am Oct 2, 2018 2:53am
Quoting aaven
{quote} What does long wicks signify master yoda? Thanks

You’re guess is as good as mine!
Learn, a forex trader must, unlearn and relearn he will.
  • #78,368
  • Oct 2, 2018 3:22am Oct 2, 2018 3:22am
Quoting aaven
{quote} What does long wicks signify master yoda? Thanks
My theory is this.. picture that long wicked candle as a massive bullish rebound 5min candle as it looked , before finishing as an empty deflated bit of annoying long wicked crap. I bet it pulled lots of longs sucking money up like a Hoover, only to spit them out at the end. That candle is exactly why u never ever trust a candle until its completed. The current candle will lie to you and promise you the world, and sometimes it's simply full of BS. Not exactly master Yoda speak lol. How about "lie to you, the candle will"
  • #78,369
  • Oct 2, 2018 7:15am Oct 2, 2018 7:15am
unfortunately the banks are VERY good at trapping bulls and bears, so try to remember the trend is your friend.
  • #78,370
  • Oct 2, 2018 7:57am Oct 2, 2018 7:57am
if you want to go long now is the time to do it.....maybe.
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  • #78,371
  • Oct 2, 2018 8:31am Oct 2, 2018 8:31am
yesterdays low acting as support, and some old resistance at 113.85...not seeing anything on any time frame suggesting a top really, maybe we flag here a while...I'm gonna stay on the sidelines for now...
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Look Sharp/Trade Tight
  • #78,372
  • Edited 10:40am Oct 2, 2018 10:26am | Edited 10:40am
cup and handle pattern

we are on the way to 113.10 to 113.20 area which is meeting with the 4h trend

if we get close below 112.90 in 4h chart then UJ become bearish

if we bounce from there then bulls still in control

113.17 was a previews resistance and now it will act like support. if we manage to get close below it on daily UJ will be bearish honestly
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  • #78,373
  • Oct 2, 2018 11:22am Oct 2, 2018 11:22am
Quoting PayTheLimit
yesterdays low acting as support, and some old resistance at 113.85...not seeing anything on any time frame suggesting a top really, maybe we flag here a while...I'm gonna stay on the sidelines for now... {image}
I agree this correction can go as deep as 112.10 to 112.80

but if its impulsive then we will crash those numbers and head to the below 110

only time will tell
  • #78,374
  • Oct 2, 2018 11:27am Oct 2, 2018 11:27am
Quoting msniper
{quote} I agree this correction can go as deep as 112.10 to 112.80 but if its impulsive then we will crash those numbers and head to the below 110 only time will tell
Hi msniper,

Did you buy EURUSD ? I am really not sure if to close my position. I am short from 1.1680. What do you suggest. I really like your Harmonics charts that you create.
Best!
Just retired from University
  • #78,375
  • Oct 2, 2018 11:31am Oct 2, 2018 11:31am
Quoting Miracleforex
{quote} Hi msniper, Did you buy EURUSD ? I am really not sure if to close my position. I am short from 1.1680. What do you suggest. I really like your Harmonics charts that you create. Best!
I was supposed to buy the EURO from between 1.1490 to 1.1530 but I changed my mind last minute and now I am just outside watching

I still think we will bounce and go up in euro but I want to confirm the bottom

euro can make surprises such as going low to 1.1470 to 1.1430 or even break 1.1300 and then fly

so I decided to wait for the first bounce from euro and see the structure of the waves. if its showing me impulsive I will buy. I know I might be late buying but at least I make sure am safe
  • #78,376
  • Oct 2, 2018 11:33am Oct 2, 2018 11:33am
Bounce off the uptrend, price did, then rejected at weekly open. Watch price fall we will at hour close.
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Learn, a forex trader must, unlearn and relearn he will.
  • #78,377
  • Oct 2, 2018 11:34am Oct 2, 2018 11:34am
Quoting msniper
{quote} I agree this correction can go as deep as 112.10 to 112.80 but if its impulsive then we will crash those numbers and head to the below 110 only time will tell

112 would be nice. Very nice.
Learn, a forex trader must, unlearn and relearn he will.
  • #78,378
  • Oct 2, 2018 11:36am Oct 2, 2018 11:36am
Quoting COGSx86
{quote} 112 would be nice. Very nice.
after UJ finish going down I will make Elliott waves analysis and I will know if this down move was correction or impulsive so we can decide later if we will see 107 to 108 or 115 and 118

so far all scenarios open
  • #78,379
  • Oct 2, 2018 1:06pm Oct 2, 2018 1:06pm
USD/JPY failed to extend gains above the 114.00 level today and currently is suffering some modest losses around 113.77. Looking to the upside, a potential decisive break above 114 (daily high), will bring next bullish target at 114.70, followed by 115.00 (the psychological level). The downside offers supports at 113.60 (the daily low), 112.55 and 111.60.
  • #78,380
  • Oct 2, 2018 1:15pm Oct 2, 2018 1:15pm
Quoting hellsbells
{quote} My theory is this.. picture that long wicked candle as a massive bullish rebound 5min candle as it looked , before finishing as an empty deflated bit of annoying long wicked crap. I bet it pulled lots of longs sucking money up like a Hoover, only to spit them out at the end. That candle is exactly why u never ever trust a candle until its completed. The current candle will lie to you and promise you the world, and sometimes it's simply full of BS. Not exactly master Yoda speak lol. How about "lie to you, the candle will"
Thanks Man... Injected some humor...Like a siren calling out to the sailor...LOL
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