USD/JPY Discussion | Page 3947 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #78,921
  • Nov 5, 2018 1:29pm Nov 5, 2018 1:29pm
Quoting Lot77
USD/JPY is extending its sideways movement today and is hovering around 113.00 level. The upcoming day will bring sure direction for the pair, having ahead the critical midterm elections in the USA.
Even if the news is "negative" (short) and the price sinks, I don't think it will venture back down to the 112.7ish range. If it does, I still see that as being the support and reversal point.

If things go positively, my hypothesis is that 113.10ish becomes our new support level.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdmxn.png Size: 187 KB
Click to Enlarge Name: screensht2.png Size: 190 KB
If you're gonna be a bear, be a grizzly
  • #78,922
  • Nov 5, 2018 3:11pm Nov 5, 2018 3:11pm
Still would like to see the pair around 110.700 before any move higher, No entry for me before this level, only if it breaks the resistance, which is less likely.
-._.-
  • #78,923
  • Edited 7:14pm Nov 5, 2018 6:54pm | Edited 7:14pm
I've traded pretty well this am, but this is a $15 gamble. Obviously I'd like to see confirmed reversal with 15min candle completion on the hour. Last 5min candle was very bearish, and I'm used to seeing a reversal around this time before Japan start up

Nb stopped out, with the spread it was only a $14 loss. I swamped the trade, mind you I'd probably close it now if it was still in play as now we have increased volume indecision. Still, I'm ahead this morning. Tempted to give it a rest for a few hours. Had EJ longs which I TP on well, now I'm really not sure of direction, so break time

NB2. The increased vol was only on hour changeover. I now suspect we're entering the dead zone range bound few hours, but it's FX so I could very well be wrong!
Attached Image (click to enlarge)
Click to Enlarge Name: der.png Size: 76 KB
  • #78,924
  • Nov 5, 2018 7:10pm Nov 5, 2018 7:10pm
RESISTANCE area on H4 chart. 113.30.
TRY to open some short position.
Attached Image
Everything will be OK in the end,if it is not OK, it's not the end.
  • #78,925
  • Nov 5, 2018 9:03pm Nov 5, 2018 9:03pm
My take on this pair, fwiw: price will go up to ~113.75, after which it will fall to ~111.30.

Fingers crossed!
Amor Fati--F. Nietzsche
  • #78,926
  • Nov 5, 2018 10:46pm Nov 5, 2018 10:46pm
We have breached resistance folks - at least for the moment
Attached Image (click to enlarge)
Click to Enlarge Name: usdmxn.png Size: 210 KB
If you're gonna be a bear, be a grizzly
  • #78,927
  • Nov 5, 2018 10:55pm Nov 5, 2018 10:55pm
Quoting warrensapp
We have breached resistance folks - at least for the moment {image}
it's the end of the hour, it will do its best to lie to you.

NB, well it has held up on hour turnover, with increasing vol on hour candle, I'm just not convinced for some reason, probably because I'm not in a trade atm lol.
  • #78,928
  • Nov 6, 2018 12:21am Nov 6, 2018 12:21am
Quoting hellsbells
{quote} it's the end of the hour, it will do its best to lie to you. NB, well it has held up on hour turnover, with increasing vol on hour candle, I'm just not convinced for some reason, probably because I'm not in a trade atm lol.
....I mean. This is starting to look like a pretty legit uptrend.
Attached Image (click to enlarge)
Click to Enlarge Name: usdmxn.png Size: 127 KB
If you're gonna be a bear, be a grizzly
  • #78,929
  • Nov 6, 2018 12:48am Nov 6, 2018 12:48am
1:46 EST I am seller here now at 113.42 and 45 [if seen ] ...

Good luck crew to all

  • #78,930
  • Nov 6, 2018 12:55am Nov 6, 2018 12:55am
Quoting warrensapp
{quote} ....I mean. This is starting to look like a pretty legit uptrend. {image}

If there's one thing that I've learnt from FX, is that if it's looking like a sure bet, there's a good chance it's priming to kick your butt. If you're in a long, congrats. If you're aren't in one yet I will also tell you that late entries are a great way to lose money fast. If I was going to long UJ I'd probably wait to see it rejects 113.380 ish zone for entry. Something like that. Personally I still want to sell, even for a scalp. As cogs says the market breathes, and it's highly likely it needs to take a little breath shortly
  • #78,931
  • Nov 6, 2018 1:19am Nov 6, 2018 1:19am
Quoting warrensapp
{quote} ....I mean. This is starting to look like a pretty legit uptrend. {image}

for me I want it to reach back up to 113.414 and reject it, then I would have test sell. Everyone is different.
Attached Image (click to enlarge)
Click to Enlarge Name: uj8.png Size: 85 KB
  • #78,932
  • Nov 6, 2018 1:46am Nov 6, 2018 1:46am
I scalped an EJ short instead, I'm done for the day. Good luck
  • #78,933
  • Nov 6, 2018 2:25am Nov 6, 2018 2:25am
Double top and clear rejection.
Sold to 112.5.
  • #78,934
  • Nov 6, 2018 2:45am Nov 6, 2018 2:45am
On H4 it's still looking like HH/HL, to me.

Of course, once the midterm results are out, this thing could go anywhere.

EDIT - short term, it'd need to break 113.10 for me to change my bullish bias.
  • #78,935
  • Nov 6, 2018 4:45am Nov 6, 2018 4:45am
there it is
Attached Image (click to enlarge)
Click to Enlarge Name: 55A32028-9190-450F-9EBA-6F23B56E9715.png Size: 119 KB
Everything will be OK in the end,if it is not OK, it's not the end.
  • #78,936
  • Nov 6, 2018 6:48am Nov 6, 2018 6:48am
Another diamond in the chart H1, but now i'll sell between the green lines. Stop loss in the top - 113.42.

EDITED : Or if cross the trendline lower.

Attached Image (click to enlarge)
Click to Enlarge Name: palpite.png Size: 71 KB
Together we can be strongest
Vantage Return This Month: -97.0%
  • #78,937
  • Nov 6, 2018 7:22am Nov 6, 2018 7:22am
Quoting palpite
Another diamond in the chart H1, but now i'll sell between the green lines. Stop loss in the top - 113.42. EDITED : Or if cross the trendline lower. {image}
.

Sell - 113.11

SL - 113.20


.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #78,938
  • Nov 6, 2018 8:00am Nov 6, 2018 8:00am
Quoting palpite
{quote} . Sell - 113.11 SL - 113.20 .
Loss

.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #78,939
  • Nov 6, 2018 8:35am Nov 6, 2018 8:35am
Quoting palpite
{quote} Loss .
Trying again

Sell - 113.25

SL - 113.42

.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #78,940
  • Nov 6, 2018 8:52am Nov 6, 2018 8:52am
Maybe small SL zone is not a good choice,especially when you try to trade frequently.

After all,the R&S is an area,not a line.
Everything will be OK in the end,if it is not OK, it's not the end.
20 traders viewing now