USD/JPY Discussion

Just need to survive the hour change over as Japan comes alive
Have to say I'm kinda happy I think my chart reading has improved. I had a short at exactly the same spot but with 5min hammer and break back above 50 SMA I closed it. However, the bearish engulfing candle that came next going straight back to bottom edge of 100SMA convinced me to try short again. Earlier in my trading I would've stuffed all that up and presently be holding a long around 108.5. I take nothing for granted, keeping a tight SL, I'd rather get stopped out than lose money on this now as I've done well this am.

In my charts,TL is broken up to 4h timeframe.
I assume its selling time.

I TP 1/2 108.357, and risking only a small amount ($10), with no set profit for remaining.

I sold at 108.320
Not a best entry point,but it will do.

I hate late entries, but I also tend to TP too early. I'll be taking profit on a trade just as others are entering, like now.

Bear is just started.
TP should be more lower.

Yes I have 1 of 2 trades still in play. That's what I'm comfortable with. I've made 52 pips today (profit taken), with this last trade essentially risk free, and I am happy.

I see.

Off this week, I’m but wanting to share this, I will!

TP 2/2 at 108.172 for a $200 trade. Not sure what that big volume was but I don't like it and I've made 62 pips today all trades now closed. Better start to the week. I'd like to short again from higher.

Hi everyone,

I sell about 108.47 tp 107.87

Fibs - https://www.forexfactory.com/showthr...0#post11605990
Wedges and wedge failures - http://thepatternsite.com/risewedge.html
Chart patterns - http://thepatternsite.com/chartpatterns.html

15 Seconds Charts - for tight stops ↓
Time: London - winter (GMT+1) - Monday 2019-Jan-07 - vertical time intervals = 10 minutes Caution: Not for new traders 15 seconds - gif animation - non news - London open Monday 2019-Jan-07 15 seconds - ISM Non-Manufacturing PMI - 15:00 - Monday 2019-Jan-07 15 seconds - Tueday 2019-Jan-08
Above charts - Sierra Charts - see YouTube

15 sec charts MT4 - https://ovo.cz/products/offline-char...t4/flexi-bars/
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Chart technical the USD/JPY could run up to 110.30 area, than pressure will come. It looks like a bounce, it will go to 105 again after testing 110.30 area.

Watching this little corner closely. I haven't moved my support TL from yesterday, even though it broke out of it. Happy to try long if it goes above 108.679, happy to short if it breaks TL, All about getting BE to me

After much juggling and making then cancelling pending orders, have 2 sells. PA sluggish. Moving SL as close to BE as I can. Have moved my TL to new position based on 15min candles, surely it will go there.

Closed for tiny profit. Don't like that PA at all

Who thinks it's range bound, and who thinks last bullish hour candle was bullish penetrating and this is about to break up?

The pullback on the USDJPY continues since it registered the most recent low at the 104.63 level. The pair rallies to the 109.00 zone, but it may try to go back down and maybe complete a dead cat bounce formation on the daily chart.

wasn't my plan, but now it is. the 5min hammer tipped me. I did reduce a cracking daily profit to a $100 daily profit wrestling UJ to go down so I will TP on this shortly and call it a day

TP 108.900. Nice $140 profit trade, I'm done for the day.