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USD/JPY Discussion

  • #80,801
  • Jul 7, 2019 1:57pm Jul 7, 2019 1:57pm
Quoting MrPresident
{quote} if the market is not trending, then trend lines won't help you if the market is choppy, then you can get wiped out easily by following trend lines that in your opinion should hold the price
UJ H4 trend is a bit sideways, ready to go to the retracement. So its not the time to hold right?
what do you think?
A good trade comes with a good assessment
  • #80,802
  • Edited 2:55pm Jul 7, 2019 2:41pm | Edited 2:55pm
Quoting Rayh2003
{quote} too many trader here are short on uj. This means...well...uj may go up even more. i say 109.20 is the top for uj next week n after that it will go down to 108 again. going by fundamentals, 224 plus in nfp aint no joke, aint it? watch out for gaps also because two weeks in a row, uj has finished on a positive note. another gap up then i can almost assure myself that it will finish positively for 3 consecutive weeks.
too many trader here are short on uj. This means...well...uj may go up even more. No it doesnt have to be like that. And moreover this is just Forex Factory positioning You are talking about. Thats a very small percentage and not reliable Haha. If you have 7 - 8 Brokerage Companies Big Ones showing Total Short maybe. And this too many traders can change very quickly. See You
  • #80,803
  • Jul 8, 2019 7:59am Jul 8, 2019 7:59am
Quoting sharpkatana
{quote} UJ H4 trend is a bit sideways, ready to go to the retracement. So its not the time to hold right? what do you think?
right now, the market is not doing much and the price does not want to break out higher past 108.8

there is a risk of more downside if the U.S/China trade dispute continues, Powell is dovish this week, and Iran goes crazy

i am only selling rallies in this pair and not buying from current levels
Don't Worry Be Happy
  • #80,804
  • Jul 8, 2019 9:51am Jul 8, 2019 9:51am
Quoting MrPresident
{quote} right now, the market is not doing much and the price does not want to break out higher past 108.8 there is a risk of more downside if the U.S/China trade dispute continues, Powell is dovish this week, and Iran goes crazy i am only selling rallies in this pair and not buying from current levels
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW2.png Size: 81 KB


Obvious?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #80,805
  • Jul 8, 2019 1:04pm Jul 8, 2019 1:04pm
Quoting TooSlow
{quote} {image} Obvious?
apparently it is not obvious to some people
Don't Worry Be Happy
  • #80,806
  • Jul 8, 2019 2:53pm Jul 8, 2019 2:53pm
Quoting Ss0
{quote} too many trader here are short on uj. This means...well...uj may go up even more. No it doesnt have to be like that. And moreover this is just Forex Factory positioning You are talking about. Thats a very small percentage and not reliable Haha. If you have 7 - 8 Brokerage Companies Big Ones showing Total Short maybe. And this too many traders can change very quickly. See You
i actually went to some website and they were also many shorts on this pair, but anyway....
looks like uj will finish plus 30 plus pips. 40 pips away from my 109.20 prediction. however, it looks like a correction is coming just by looking at the smaller time frame of stochastic. hopefully it wont GO down much..otherwise, here we go again with the downtrend BS, lol.
  • #80,807
  • Jul 9, 2019 4:54am Jul 9, 2019 4:54am
Quoting batus
{image}
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 43 KB
  • #80,808
  • Jul 9, 2019 8:36am Jul 9, 2019 8:36am
Quoting MrPresident
{quote} apparently it is not obvious to some people
What makes you reply in that manner?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #80,809
  • Jul 10, 2019 4:32am Jul 10, 2019 4:32am
Thanks for the PPL who will share there insights.

1.) IF THE FED WILL NOT CUT THIS MONTH. The USD/JPY pair goes up?
2.) IF THE FED WILL NOT CUT THIS MONTH, but indicated still have plans to cut rate. The USD/JPY pair goes down?
3.) THE FED WILL CUT SMALL base points. The USD/JPY pair goes down?
4.) THE FED WILL CUT BIG base points. The USD/JPY pair goes up?
  • #80,810
  • Jul 10, 2019 4:53am Jul 10, 2019 4:53am
Quoting MrPresident
{quote} right now, the market is not doing much and the price does not want to break out higher past 108.8 there is a risk of more downside if the U.S/China trade dispute continues, Powell is dovish this week, and Iran goes crazy i am only selling rallies in this pair and not buying from current levels
Yen pairs have been suppressed for some time already..
If you want in on my experimental EA, PM me.
  • #80,811
  • Jul 10, 2019 6:37am Jul 10, 2019 6:37am
Quoting schematics
Thanks for the PPL who will share there insights. 1.) IF THE FED WILL NOT CUT THIS MONTH. The USD/JPY pair goes up? 2.) IF THE FED WILL NOT CUT THIS MONTH, but indicated still have plans to cut rate. The USD/JPY pair goes down? 3.) THE FED WILL CUT SMALL base points. The USD/JPY pair goes down? 4.) THE FED WILL CUT BIG base points. The USD/JPY pair goes up?
It's hard to say because if they don't cut then what are they doing??? Market will react very negatively
TE started 6/4/19
  • #80,812
  • Edited 7:16am Jul 10, 2019 6:47am | Edited 7:16am
Quoting schematics
Thanks for the PPL who will share there insights. 1.) IF THE FED WILL NOT CUT THIS MONTH. The USD/JPY pair goes up? 2.) IF THE FED WILL NOT CUT THIS MONTH, but indicated still have plans to cut rate. The USD/JPY pair goes down? 3.) THE FED WILL CUT SMALL base points. The USD/JPY pair goes down? 4.) THE FED WILL CUT BIG base points. The USD/JPY pair goes up?
the market is confused about no rate cut, 25bps rate cut, and 50bps rate cut

if there is no cut, then that means stocks will sell since the debt is expensive

if there is a rate cut, then will stocks rally because it is cheaper to borrow money and stimulate growth?

if there is a rate cut, then that means the economy is slowing down, and USD/JPY should sell as the dollar loses value

We also didn't see a sustained rally after the last NFP report, probably because the details of the report are not that strong compared to the headline number. The other data has also been relatively weak and the FED has become more cautious.
Don't Worry Be Happy
  • #80,813
  • Jul 10, 2019 7:31am Jul 10, 2019 7:31am
bulls go bye bye ?
Don't Worry Be Happy
  • #80,814
  • Jul 10, 2019 7:33am Jul 10, 2019 7:33am
yup powell chatting
TE started 6/4/19
  • #80,815
  • Jul 10, 2019 7:54am Jul 10, 2019 7:54am
anybody have the live link?
  • #80,816
  • Jul 10, 2019 7:59am Jul 10, 2019 7:59am
Quoting schematics
anybody have the live link?
Inserted Video
Don't Worry Be Happy
  • #80,817
  • Jul 10, 2019 12:47pm Jul 10, 2019 12:47pm
Quoting Ogo
{quote} So do you have any help or advice to offer
Just take a look around the forums, read what people talk about, their expectations, their methods.

Grab the method you like the most, train, several months or years.

No demo accounts, real accounts with just a few dollars, feel the excitement, the anger, the greed, the caution, the fear. When you realize you have all these feelings, you are doing it wrong, try to get rid of them.

Study a lot, study a lot, study a lot.

There is no magic button, no secret technique.

Enjoy trading.
A good strategy for trading is... the opposite of having a bad strategy.
  • #80,818
  • Jul 10, 2019 12:49pm Jul 10, 2019 12:49pm
It will probably drop some more today after the FOMC minutes
Don't Worry Be Happy
  • #80,819
  • Jul 10, 2019 1:17pm Jul 10, 2019 1:17pm
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Speed bumps.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #80,820
  • Jul 10, 2019 1:34pm Jul 10, 2019 1:34pm
One more tp at the level of 108.394.
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