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USD/JPY Discussion 12 replies

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USD/JPY Discussion

  • #79,541
  • Dec 18, 2018 7:04am Dec 18, 2018 7:04am
Quoting MrAashir
out of Nzd trade losing trade wrong entry thought it will honor 50 EMA but it didnt went up very high. still looking to sell it but not today. lost around 1k
The market is always looking ahead. This helps determine sentiment. Obvously there are correlated markets that can also be factored in.

Some positive figures around on the NZ and Aussie
Plus the a very dovish hike tomorrow with the Fed..

All those supply and demand traders jumped in and got caught adding to the move up.
  • #79,542
  • Dec 18, 2018 7:13am Dec 18, 2018 7:13am
Quoting MrAashir
{quote} can u tell me any youtube video that can help me learn price action better ? i actually used 4hour chart as it is my main timeframe but didnt see anything.


Nah, i dont, cos most of them dont know what they are doing. Its not a place i go to to learn something - more so since i already know P.A in its fullest degree.

Just use your logic of recognizing patterns, cos history repeats itself.
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #79,543
  • Dec 18, 2018 8:24am Dec 18, 2018 8:24am
Quoting FXCyborg
{quote} aint happening, those rejections are a pure sign of dropping and to the far right ( the up trend channel is a bearish compression )... easy sell all day long
Hello, FXcyborg, this was just one bad day, normally, it would go just as planned.
I still think this is a buy
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  • #79,544
  • Dec 18, 2018 8:44am Dec 18, 2018 8:44am
Quoting Prisha
{quote} Hello, FXcyborg, this was just one bad day, normally, it would go just as planned. I still think this is a buy {image}
you think it could pump higher than now? Because i just closed all short for a long
Keep the Lights on then you can catch the rise from the dark.
  • #79,545
  • Dec 18, 2018 8:49am Dec 18, 2018 8:49am
Quoting MzansiObi
Took a crack at it but with a smaller position. will look to add to position at a later stage. Will look to see if price can build up failing which have another pending order lower. Reduced initial entry size to allow to still enter lower should price dip lower. Stay green. {image}
Update: Both orders in Good profit. Closed half positions on both SL moved to BE +3 pips.
Running risk free.



Stay green
4&1 All Time Profit: $37,496
  • #79,546
  • Dec 18, 2018 8:58am Dec 18, 2018 8:58am
Quoting ricmaj
{quote} you think it could pump higher than now? Because i just closed all short for a long
I'm holding onto a long term buy on this pair, I believe it could bounce above 114.00, towards 117.00
  • #79,547
  • Dec 18, 2018 9:00am Dec 18, 2018 9:00am
Quoting ricmaj
{quote} you think it could pump higher than now? Because i just closed all short for a long
Check this, this is a good long term sell https://www.forexfactory.com/showthr...4#post11807064
  • #79,548
  • Dec 18, 2018 3:47pm Dec 18, 2018 3:47pm
Need to be aware, with whats going on in the markets, traders do!

https://www.forexfactory.com/showthr...4#post11808234
Learn, a forex trader must, unlearn and relearn he will.
  • #79,549
  • Edited 5:06pm Dec 18, 2018 4:40pm | Edited 5:06pm
Quoting COGSx86
Need to be aware, with whats going on in the markets, traders do! https://www.forexfactory.com/showthr...4#post11808234

Thanks Yoda. So are you still trading this week or you selling up with your big win and retiring to the Bahamas?

There's an H4 tweezer bottom followed by decent bull candle. Maybe there will be a little breathing in over the next few hours to 112.700ish before another big exhale?? We shall see. Doesn't look like it wants to breathe in at all
  • #79,550
  • Dec 18, 2018 4:59pm Dec 18, 2018 4:59pm
What beats bonds - nothing really
  • #79,551
  • Edited 5:34pm Dec 18, 2018 5:05pm | Edited 5:34pm
Anyone have thoughts on the last 3 days for USDX ? Gap down, now potential daily hammer (pending next candle of course). It's like a poor juggling act
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  • #79,552
  • Edited 6:21pm Dec 18, 2018 6:07pm | Edited 6:21pm
The blue line is 100SMA point for daily. My connection was very clunky and not connected at all for a few big bear minute candles.

NB, I only got one trade in which was rushed. I have added a couple of pending shorts around 112.400 in case it reaches back up.
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  • #79,553
  • Dec 18, 2018 6:19pm Dec 18, 2018 6:19pm
Quoting hellsbells
{quote} Thanks Yoda. So are you still trading this week or you selling up with your big win and retiring to the Bahamas? There's an H4 tweezer bottom followed by decent bull candle. Maybe there will be a little breathing in over the next few hours to 112.700ish before another big exhale?? We shall see. Doesn't look like it wants to breathe in at all
Honestly, I closed 2/3rds yesterday at 112.740 and just now 112.208 the rest of my positions hit TP.
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Learn, a forex trader must, unlearn and relearn he will.
  • #79,554
  • Dec 18, 2018 6:30pm Dec 18, 2018 6:30pm
It's great to TP. Not sure how to wrangle more into this atm, to enter now feels late, hence my pendings up higher. It's a bit exciting to think of daily below 100SMA
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  • #79,555
  • Dec 18, 2018 6:32pm Dec 18, 2018 6:32pm
Quoting hellsbells
It's great to TP. Not sure how to wrangle more into this atm, to enter now feels late, hence my pendings up higher. It's a bit exciting to think of daily below 100SMA {image}
Remember the markets breathes, we must. Look for bearish entries at this point.
Learn, a forex trader must, unlearn and relearn he will.
  • #79,556
  • Edited 7:39pm Dec 18, 2018 7:07pm | Edited 7:39pm
Well that was a nasty little experience lol. I've come out of it only down $12 atm which was the other pending trade I aborted shortly after lift off. On the upside my trading must have improved because I'm not sitting with a short at 112.275. I'll give this a chance to go down but not holding my breathe. Nasty bear trap.

NB closed my other pending trade that opened for a small profit, so only down $10, and have my original entry still in play,

NB stopped out.
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  • #79,557
  • Dec 18, 2018 7:16pm Dec 18, 2018 7:16pm
USDX opened with quite a gap down
  • #79,558
  • Dec 19, 2018 8:57am Dec 19, 2018 8:57am
Quoting COGSx86
{quote} Remember the markets breathes, we must. Look for bearish entries at this point.
Long orders increasing (%82 right now). Breathing maybe soon
  • #79,559
  • Dec 19, 2018 9:02am Dec 19, 2018 9:02am
Closed my shorts. Maybe it would be better waiting some more but too much waiting game lately.
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  • #79,560
  • Dec 19, 2018 9:10am Dec 19, 2018 9:10am
Bus stops upwards for reference
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