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USD/JPY Discussion

  • #78,761
  • Oct 29, 2018 8:11pm Oct 29, 2018 8:11pm
Quoting hellsbells
my pic looks like this. I smelt a rat with my short yesterday with the hour candles being weird at the start of session (tweezer top, big bear candle but then tweezer bottom rejection )and closed my trades but still took a hit. Now it's found some support I'm wondering if it's bullish after all, priming itself to launch up through that TL. It rejected the blue line (23.6 daily fib retracement) and stayed up {image}
I hope you're wrong, because I just shorted it now myself lol.

Maybe a little late.
If you're gonna be a bear, be a grizzly
  • #78,762
  • Oct 29, 2018 8:28pm Oct 29, 2018 8:28pm
Closed short at break even, PA since yesterday is roaring toward 113.
  • #78,763
  • Oct 29, 2018 8:28pm Oct 29, 2018 8:28pm
hi,
paste says it's near to retrace...
let's see hoe price will act this time, at this level.
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If you don't know how to earn money, don't loose it.
  • #78,764
  • Edited 8:48pm Oct 29, 2018 8:30pm | Edited 8:48pm
Quoting msniper
I think UJ insist to hit 112.90 to 113.40 area. once we have 1h close above 112.60 it will be easy to go up
going very well according to my plan. I will close my long before 61% fibo
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  • #78,765
  • Oct 29, 2018 8:49pm Oct 29, 2018 8:49pm
Quoting warrensapp
{quote} I hope you're wrong, because I just shorted it now myself lol. Maybe a little late.

I find London open doesn't like to miss out, I would be very surprised if there wasn't some form of retracement in the next couple of hours but then again, it's forex so who knows. ???? You could have an amazing entry. It's at my TL now, could be ready to reverse and head south, that's why I have TP 3 trades already and one BE, because no one ever really knows, hey.
  • #78,766
  • Oct 29, 2018 9:00pm Oct 29, 2018 9:00pm
Anyone thought about how the MIDTERMS may affect this pair?

I'm changing my bullish stance, I was bullish, but now I'm cashing out, feel it's done enough. 115 for a greenback is pretty a stiff deal.

Would absolutely love to see a double top here. 113.60 seems a good place to sell, time notwithstanding.


As always could be wrong, but I'm on a streak currently.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #78,767
  • Oct 29, 2018 9:14pm Oct 29, 2018 9:14pm
Quoting CannonScout
Anyone thought about how the MIDTERMS may affect this pair? I'm changing my bullish stance, I was bullish, but now I'm cashing out, feel it's done enough. 115 for a greenback is pretty a stiff deal. Would absolutely love to see a double top here. 113.60 seems a good place to sell, time notwithstanding. As always could be wrong, but I'm on a streak currently.
Bullish stance, why would you change? Ask yourself, why was I bullish to begin with?
Learn, a forex trader must, unlearn and relearn he will.
  • #78,768
  • Oct 29, 2018 9:17pm Oct 29, 2018 9:17pm
closed my last morning session long at 112.575. I Think the bears have the next few hours.
  • #78,769
  • Oct 30, 2018 12:18am Oct 30, 2018 12:18am
Quoting COGSx86
{quote} Bullish stance, why would you change? Ask yourself, why was I bullish to begin with?
I was a temporary bull, still am on US long term. But as for the dollar, my analysis tells me JPY demand is coming & it's coming hard. Don't know what the catalyst may be, random psychological impulses, market-fear (an event yet to come, but evidence of it exists) and the economics of Japan.

I predicted quite well that USD would reach this point, (See quote) But now my analysis has changed, and seeing as everyone else is Bullish, I naturally go with the opposite. But like a said I may wrong, but so far my analysis of USD/JPY has been pretty on point. Not going to bet against something that is successful.

Quoting CannonScout
{quote} Does the pope shit in the woods? Buy buy buy buy buy buy buy
A
Humans are naturally hardwired to avoid and detest uncertainty.
  • #78,770
  • Oct 30, 2018 12:23am Oct 30, 2018 12:23am
In addition to that, I imagine 'now' to be an ascending roller coaster, ticking away upwards before the great descent, one that you know is coming.

Plus look at the US headlines currently, remember people do not react to news, news reacts to people.

My only concern is that Interest Rate Swap, she's a killer bitch with a knife, gotta be careful.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #78,771
  • Edited 1:23am Oct 30, 2018 12:36am | Edited 1:23am
had a break for a few hours but came back 4pm local and placed 4 trades sell after 5min triple top. Have TP $17 on 2 trades, now risking $25 for $180. There was a very bullish 4H candle so not going crazy with expectations. note TP3 112.675 and got stopped out BE on last. After such a good morning I decided I didn't want to risk any more. Done for the day. Good luck
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  • #78,772
  • Oct 30, 2018 1:17am Oct 30, 2018 1:17am
Quoting PayTheLimit
some daily R here, its been tested before, but its an area to keep an eye on IMHO.... {image}
R taken out, new decent 4hr S below now, which I think is key to keeping the bulls alive now, can't really tell if we are going up or going down....
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Look Sharp/Trade Tight
  • #78,773
  • Oct 30, 2018 8:59am Oct 30, 2018 8:59am
Quoting CannonScout
{quote} I was a temporary bull, still am on US long term. But as for the dollar, my analysis tells me JPY demand is coming & it's coming hard. Don't know what the catalyst may be, random psychological impulses, market-fear (an event yet to come, but evidence of it exists) and the economics of Japan. I predicted quite well that USD would reach this point, (See quote) But now my analysis has changed, and seeing as everyone else is Bullish, I naturally go with the opposite. But like a said I may wrong, but so far my analysis of USD/JPY has been pretty...
Until Bonds start retreating, the USD bulls will remain.
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Learn, a forex trader must, unlearn and relearn he will.
  • #78,774
  • Oct 30, 2018 9:57am Oct 30, 2018 9:57am
Hey all, I did this video last night on USDJPY and would love to hear thoughts:

https://www.cryptocambist.com/cash-i...eading-higher/
check out my blog: forexmademillionaire dot com
  • #78,775
  • Oct 30, 2018 11:06am Oct 30, 2018 11:06am
113 is completely possible today, maybe even higher.
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If you're gonna be a bear, be a grizzly
  • #78,776
  • Oct 30, 2018 11:53am Oct 30, 2018 11:53am
Quoting warrensapp
113 is completely possible today, maybe even higher. {image}
Well, the key was breaking the 1-hour resistance overnight:

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We've already printed 112.98 so 113 isn't impressive at this point. I'd like to see a run in equities into the close to give us a lift.

From a daily perspective, I'll be watching the 114.50 area as a potential target:

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check out my blog: forexmademillionaire dot com
  • #78,777
  • Edited 12:57pm Oct 30, 2018 12:38pm | Edited 12:57pm
Quoting Geppy
{quote} Well, the key was breaking the 1-hour resistance overnight: {image} We've already printed 112.98 so 113 isn't impressive at this point. I'd like to see a run in equities into the close to give us a lift. From a daily perspective, I'll be watching the 114.50 area as a potential target: {image}
Thanks.

My charting skills are still basic and I'm new to forex overall - but i'm learning. I'm Actually watching your latest video now (i hope you know what you're doing ).

I also think 114+ is realistic, but you gotta get back up to that 113 first....which we've been teasing, but not there yet.
If you're gonna be a bear, be a grizzly
  • #78,778
  • Oct 30, 2018 12:54pm Oct 30, 2018 12:54pm
Quoting warrensapp
{quote} Thanks. My charting skills are still basic and I'm new to fores overall - but i'm learning. I'm Actually watching your latest video now (i hope you know what you're doing ). I also think 114+ is realistic, but you gotta get back up to that 113 first....which we've been teasing, but not there yet.
np, let me know what you think of the video. And yes, I very much know what I'm doing.
check out my blog: forexmademillionaire dot com
  • #78,779
  • Oct 30, 2018 2:07pm Oct 30, 2018 2:07pm
USD/JPY is showing strong positive tone in the short-term. Ont he four hour time frame the parice is developing above its moving averages, all of them almost flat now. Stochastic has reached extreme overbought readings, while RSI is looking for direction around 63 level. As long as are holding above 112.60, the pair is poised to extend its advance towards 113.40.
  • #78,780
  • Oct 30, 2018 3:10pm Oct 30, 2018 3:10pm
Quoting Geppy
{quote} np, let me know what you think of the video. And yes, I very much know what I'm doing.
Surprisingly - very easy for me to understand.

I am also starting to see what you are pointing out about the correlation between U.S. Equities and the USD/JPY - very interesting. I am bullish on both.

2019 could shape up to be a nice year for the USD and Equities (even with a raise in interest rates).
If you're gonna be a bear, be a grizzly
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