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USD/JPY Discussion

  • #81,421
  • Sep 16, 2019 6:44am Sep 16, 2019 6:44am
Quoting MrPresident
Now we can try to buy the dips until the trade war meeting in October is over then maybe we can try selling the rallies into the year end
Bought from 107.7 area, stop under 107, target open

I think there is more upside this week and into the U.S/China trade talks in October
Don't Worry Be Happy
  • #81,422
  • Sep 16, 2019 8:55am Sep 16, 2019 8:55am
Flight to safety? Dollar is still king for now. Gold showing a little love, but we need Yen to get under overnight lows to really move imo. Looking good right now.
Don't compare your trades to others. Most often the masses are the asses
  • #81,423
  • Sep 16, 2019 10:14am Sep 16, 2019 10:14am
Hello,is now good time to buy?or wait better for short?
  • #81,424
  • Sep 16, 2019 3:14pm Sep 16, 2019 3:14pm
Quoting goldencalf
Hello,is now good time to buy?or wait better for short?
probably wait for a dip towards 107 or a sustained rally above 108.5 before buying

it can still come back down
Don't Worry Be Happy
  • #81,425
  • Sep 16, 2019 7:08pm Sep 16, 2019 7:08pm
I just hit my TP from long and waitng for next signal to short
  • #81,426
  • Sep 16, 2019 8:14pm Sep 16, 2019 8:14pm
short 108.23
TP 107.42 50%
close 106.880
SL 108.60
  • #81,427
  • Sep 17, 2019 9:15am Sep 17, 2019 9:15am
Overnight offered up ONE trade to bears, and ONE trade to bulls. As I said when we didn't claim 108.2 last week.. Interesting days approaching FOMC. The Yen gapped twice. The second one gapped the UJ. The first Yen gap is closed. Perhaps today the other will close.
Don't compare your trades to others. Most often the masses are the asses
  • #81,428
  • Sep 17, 2019 6:04pm Sep 17, 2019 6:04pm
FOMC press conference, economic data, and interest rates tomorrow. Not a lot of action today. The anticipation is killing me.
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If you're gonna be a bear, be a grizzly
  • #81,429
  • Sep 17, 2019 10:14pm Sep 17, 2019 10:14pm
Quoting warrensapp
FOMC press conference, economic data, and interest rates tomorrow. Not a lot of action today. The anticipation is killing me. {image}
Just barely enough to scalp. If no cut comes we are going to range for a bit IMO.
Don't compare your trades to others. Most often the masses are the asses
  • #81,430
  • Sep 17, 2019 10:46pm Sep 17, 2019 10:46pm
Quoting OBsayMkMoney
{quote} Just barely enough to scalp. If no cut comes we are going to range for a bit IMO.
Economic data for USA looks good, so I doubt a rate cut, plus Japan exports are declining - I got a hunch this thing is going to take off tomorrow.

I hope I am wrong however, as I am holding onto a short position. I wouldn't mind a range for a bit, help me cope with the loss.
If you're gonna be a bear, be a grizzly
  • #81,431
  • Sep 18, 2019 8:02am Sep 18, 2019 8:02am
The pin bars (as in the chart) look attractive.. I thought I should give them a shot.. further, if price can survive below SMA-13, I'd be even more hopeful..
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Meditate -> Workout -> Good Food = Good Life!
  • #81,432
  • Sep 18, 2019 8:29am Sep 18, 2019 8:29am
buy the dips when they happen...clear uptrend in place!
  • #81,433
  • Edited 1:25pm Sep 18, 2019 9:01am | Edited 1:25pm
Quoting warrensapp
{quote} Economic data for USA looks good, so I doubt a rate cut, plus Japan exports are declining - I got a hunch this thing is going to take off tomorrow. I hope I am wrong however, as I am holding onto a short position. I wouldn't mind a range for a bit, help me cope with the loss.

I think so too. I have a theory I am working on that this chart STARTS it's move a week before the decision. This has been true of the recent ones, but it is still something I am watching before I put my thumb on it. Also, we are above the bottom of an area of balance that has held for 30 some hours (108.20). Either way though I will be happy to see movement.

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I have also noticed that on the 1hr chart THIS happens right before big news when it is going the other way. Still watching it, but right before the news on the 1hr a trendline violation happens. Rules would dictate that one wait for a retrace to the TL.. then go in the direction of the violation. However right before news it is a fake out.

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Don't compare your trades to others. Most often the masses are the asses
  • #81,434
  • Sep 18, 2019 10:51am Sep 18, 2019 10:51am
This is interesting......
July 31st.. Last cut. Look at chart leading up to the day.. and after on the Friday after when news came out.


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Now... the present.......

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Don't compare your trades to others. Most often the masses are the asses
  • #81,435
  • Sep 18, 2019 11:58am Sep 18, 2019 11:58am
that last dump on your chart was triggered by trade wars, not FED decision.
  • #81,436
  • Sep 18, 2019 12:28pm Sep 18, 2019 12:28pm
Quoting asgcorp
that last dump on your chart was triggered by trade wars, not FED decision.
But there could be another dump if the FED says that today’s cut is the last one for this year

Stocks are negative prior to the FED since the market is not certain if debt will be cheaper
Don't Worry Be Happy
  • #81,437
  • Edited 12:55pm Sep 18, 2019 12:43pm | Edited 12:55pm
Quoting MrPresident
{quote} But there could be another dump if the FED says that today’s cut is the last one for this year Stocks are negative prior to the FED since the market is not certain if debt will be cheaper

I attributed it to people buying in before the release. Heavy buying sometimes creates a nice dip. Looking at 108.10 for a bounce

Word of caution... with everyone expecting a cut.... This would be a great time for Money Makers to short the hell out of this thing.
Don't compare your trades to others. Most often the masses are the asses
  • #81,438
  • Sep 18, 2019 1:01pm Sep 18, 2019 1:01pm
Oh mamma
  • #81,439
  • Sep 18, 2019 1:05pm Sep 18, 2019 1:05pm
Market needs to push above 108.5 after the FOMC or there is a risk of downside

so far, there wasn’t much of a bull move higher
Don't Worry Be Happy
  • #81,440
  • Sep 18, 2019 1:05pm Sep 18, 2019 1:05pm
Quoting OBsayMkMoney
{quote} I attributed it to people buying in before the release. Heavy buying sometimes creates a nice dip. Looking at 108.10 for a bounce Word of caution... with everyone expecting a cut.... This would be a great time for Money Makers to short the hell out of this thing.
108.1!

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Don't compare your trades to others. Most often the masses are the asses
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