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USD/JPY Discussion

  • #80,841
  • Jul 15, 2019 4:46pm Jul 15, 2019 4:46pm
Technicals and fundamentals, connected it seems to be, hmmm
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Learn, a forex trader must, unlearn and relearn he will.
  • #80,842
  • Jul 16, 2019 3:50am Jul 16, 2019 3:50am
Quoting BabylonTrade
Upmove? {image}
Depending on the news that comes out today, not sure if there will be an upmove, I would say more likely to go down
defeat can still be profitable
  • #80,843
  • Edited 7:51pm Jul 16, 2019 1:23pm | Edited 7:51pm
Guys.. Zoom out on the 4hr. You will see an inverted Head and shoulder's pattern with us currently in a long bouncing shoulder/torso. If you notice before we dipped down to form the head at 106.9 we were in a range for a bit as well. IMO we are in this range until the end of the month. Bottom 107.53 - 107.8. Top 108.8. Until then all indicators are going to do is take your money as they will give false breakout triggers. Remember... Money Makers also have indicators.. and even worse, they know how to manipulate them!! If my prediction is right we will end the month at the top of the range and BOHICA our way down if Powell does the 50 basis points. Up if he only does the 25. I am leaning towards the 25 though, as he and 45 seem to be butting heads, and 50 would be giving him what he wants.



BOHICA
Bend
Over
Here
It
Comes
Again
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Don't compare your trades to others. Most often the masses are the asses
  • #80,844
  • Jul 16, 2019 9:39pm Jul 16, 2019 9:39pm
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well that 5 bounce was not as fun as last time the "M" formation at at then end of a trend no matter the size is very important with this pair. it identifies the end of one section and the beginning in another. And a fairly equal double top with a pullback before breaching the most current low could indicate that its powering up for a significant move lower, with momo.
  • #80,845
  • Jul 17, 2019 4:17pm Jul 17, 2019 4:17pm
107.85-80 is an good spot to watch. not really sure at this point. I going to lighten it up and take a nibble long.
  • #80,846
  • Edited 7:39pm Jul 17, 2019 7:18pm | Edited 7:39pm
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It , bounced off of 107.85 with little conviction, I renumbered the 5 bounce trade it could still be in play.
edit:
just moved everything down to 107.71 still don't see capitulation.
  • #80,847
  • Jul 17, 2019 8:08pm Jul 17, 2019 8:08pm
107.5 is probably the next support target today
Don't Worry Be Happy
  • #80,848
  • Edited 10:56pm Jul 17, 2019 8:14pm | Edited 10:56pm
107.71 got filled, imo capitulating, going to stick with it for a while longer,
  • #80,849
  • Jul 18, 2019 12:41am Jul 18, 2019 12:41am
#USDJPY / H4 / Bearish Idea
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  • #80,850
  • Jul 18, 2019 4:10am Jul 18, 2019 4:10am
Downward momentum is slowing, we may see a little swing back to 108, especially when UK and US opening with people settling their short positions.

But I will look for new opportunities to sell again. The drop is not done yet.
  • #80,851
  • Jul 18, 2019 7:41am Jul 18, 2019 7:41am
USD / JPY is supported by the Tenkan line, does not want to fall below it. Probably by the end of the day USD / JPY will move up. Tenkan turned up, the stochastics went out of the overbought zone, but the price did not go far. Stochastic is ready to move up now. Price repels Tenkan. All this speaks in favor of bulls.
Н1
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  • #80,852
  • Jul 18, 2019 11:28am Jul 18, 2019 11:28am
Quoting CassandraK
USD / JPY is supported by the Tenkan line, does not want to fall below it. Probably by the end of the day USD / JPY will move up. Tenkan turned up, the stochastics went out of the overbought zone, but the price did not go far. Stochastic is ready to move up now. Price repels Tenkan. All this speaks in favor of bulls. Н1 {image}
We will see. You need a Plan

See you
  • #80,853
  • Jul 18, 2019 11:52am Jul 18, 2019 11:52am
Quoting Ss0
{quote} We will see. You need a Plan See you
And some horizontal lines...


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NFP and FOMC days highs and lows

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Current daily H1 Highest Open and Lowest Open

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Trading simple as 1-2-3
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #80,854
  • Jul 18, 2019 12:54pm Jul 18, 2019 12:54pm
If today Close Daily Candle break 107.885, price can test 107,2xx

Just my opinion
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  • #80,855
  • Jul 18, 2019 1:42pm Jul 18, 2019 1:42pm
nice move against usd
TE started 6/4/19
  • #80,856
  • Edited 11:37pm Jul 18, 2019 2:05pm | Edited 11:37pm
That Powell Put is Skrong like bear.
Don't compare your trades to others. Most often the masses are the asses
  • #80,857
  • Jul 18, 2019 2:35pm Jul 18, 2019 2:35pm
Quoting CassandraK
USD / JPY is supported by the Tenkan line, does not want to fall below it. Probably by the end of the day USD / JPY will move up. Tenkan turned up, the stochastics went out of the overbought zone, but the price did not go far. Stochastic is ready to move up now. Price repels Tenkan. All this speaks in favor of bulls. Н1 {image}
going down today, I think that 107 will be broken soon
Don't Worry Be Happy
  • #80,858
  • Jul 19, 2019 12:36am Jul 19, 2019 12:36am
Quoting MrPresident
{quote} going down today, I think that 107 will be broken soon

Yeppers. Yield invert. Drones shot, FOMC folks a talkin, and tomorrow morning consumer confidence. Something wicked this way comes methinks. Could pose a good buying opportunity once it bottoms out. Weekly shows promise..
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Don't compare your trades to others. Most often the masses are the asses
  • #80,859
  • Jul 19, 2019 1:01pm Jul 19, 2019 1:01pm
Quoting TooSlow
{quote} And some horizontal lines... {image} NFP and FOMC days highs and lows {image} Current daily H1 Highest Open and Lowest Open {image} Trading simple as 1-2-3
Haha OK Nice One
  • #80,860
  • Jul 19, 2019 3:04pm Jul 19, 2019 3:04pm
Quoting Ss0
{quote} Haha OK Nice One
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They work.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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