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USD/JPY Discussion

  • #81,821
  • Oct 12, 2019 8:54pm Oct 12, 2019 8:54pm
Quoting OBsayMkMoney
{quote} . . . While my diction may be strong, I am somewhat malleable. Fig 1 {image} Fig 2 {image}
Your choice of words . . .

Are you an Engineer by training?
  • #81,822
  • Oct 12, 2019 9:36pm Oct 12, 2019 9:36pm
yen will strenghten due to domestic investor take shelter for safe haven yen from the disaster typhoon
Bismillah
  • #81,823
  • Oct 13, 2019 1:05am Oct 13, 2019 1:05am
Quoting pipcenturion
{quote} Your choice of words . . . Are you an Engineer by training?
No sir. Just a lonely kid who was raised in an African country with no television channel and a LOT of books. My day job is that of a Senior computer technician aka customer service geek.
Don't compare your trades to others. Most often the masses are the asses
  • #81,824
  • Edited 2:19am Oct 13, 2019 2:02am | Edited 2:19am
Quoting OBsayMkMoney
{quote} 7{image}
This week it seemed every time a flag formed, price broke, hit 50+pips. No one selling, waiting, or loading up? WHo knows,. Nikki had a huge break through on friday and everything followed it was crazy. THe YEN dropped,

In this image below, Im showing what a good trader would do (Green zones based on trend breaks, thats it). This week I was not a good trader.

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Last week, was a bad one for me. Oh well. Saw somethings, did somethings, Regretted the moves, stayed stubborn. Gotta stay discipline. Anyways we are still here.
F$%k all on big ship Move forward

Here is a theory based, with some ideas. Navigating through a busy highway. Follow the trend, use the force. Be the trend. Some Trend based projections.
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Learn, a forex trader must, unlearn and relearn he will.
  • #81,825
  • Oct 13, 2019 2:41am Oct 13, 2019 2:41am
Japanese insurance companies are expected to change huge USD to Japanese yen due to the Japan’s worst typhoon in 60 years. Remember what happened to 2011 Tohoku eartquke and Tsunsmi in Japan? JPY appreciated too rapidly because insurance companies in Japan changed USD to JPY.
  • #81,826
  • Oct 13, 2019 2:11pm Oct 13, 2019 2:11pm
Quoting OBsayMkMoney
{quote} No sir. Just a lonely kid who was raised in an African country with no television channel and a LOT of books. My day job is that of a Senior computer technician aka customer service geek.
Really nice. I sent you a private message sir.
  • #81,827
  • Oct 13, 2019 4:17pm Oct 13, 2019 4:17pm
Quoting Forexhogan
Japanese insurance companies are expected to change huge USD to Japanese yen due to the Japan’s worst typhoon in 60 years. Remember what happened to 2011 Tohoku eartquke and Tsunsmi in Japan? JPY appreciated too rapidly because insurance companies in Japan changed USD to JPY.
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Don't compare your trades to others. Most often the masses are the asses
  • #81,828
  • Oct 13, 2019 4:26pm Oct 13, 2019 4:26pm
Quoting Forexhogan
Japanese insurance companies are expected to change huge USD to Japanese yen due to the Japan’s worst typhoon in 60 years. Remember what happened to 2011 Tohoku eartquke and Tsunsmi in Japan? JPY appreciated too rapidly because insurance companies in Japan changed USD to JPY.
Thank you for this information. Below are charts from March 11 2011 for the Yen as well as the UJ. The news is indeed saying that this is the worst one. 104 doesn't look so farfetched now.

Yen
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USD/JPY
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Don't compare your trades to others. Most often the masses are the asses
  • #81,829
  • Oct 13, 2019 4:56pm Oct 13, 2019 4:56pm
This showed up on my TOS chart. No sign of it on MT4, but who knows what will happen at 6pm. Be careful with your stop losses.
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Don't compare your trades to others. Most often the masses are the asses
  • #81,830
  • Oct 13, 2019 4:58pm Oct 13, 2019 4:58pm
Quoting OBsayMkMoney
{image}
that could only be your broker, i don't see that on my chart
Don't Worry Be Happy
  • #81,831
  • Oct 13, 2019 7:05pm Oct 13, 2019 7:05pm
Sell trades have been opened on USDJPY since Friday

104.7X is the profit target
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  • #81,832
  • Oct 13, 2019 10:46pm Oct 13, 2019 10:46pm
methinks something wicked this way comes
Don't compare your trades to others. Most often the masses are the asses
  • #81,833
  • Oct 14, 2019 12:48am Oct 14, 2019 12:48am
USDJPY SELL TRADE

Progress report:

the previous sell positions from last Friday have been made risk free (SL now 1 pip lower than the entry prices).

I also took the liberty of the freed margin to add an extra sell position at 108.35 as price retested a newly broken support level on the H1 time frame.

Price is still very much inside a supply channel, we await the lower extremum of the supply channel to make our next trading decision.
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  • #81,834
  • Oct 14, 2019 1:23am Oct 14, 2019 1:23am
VAP is a LEADING indicator.

It has already signaled that the support we currently have for today will be breached to the down side
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  • #81,835
  • Oct 14, 2019 1:29am Oct 14, 2019 1:29am
Making a LOWER LOW directly implies that price would do (at least) 127% Fibonacci expansion of Friday's high to today's current swing low.

Interestingly, the 127% level is in confluence with the lower extreme of the channel.

We need to wait and see what would happen at that level.
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  • #81,836
  • Oct 14, 2019 1:36am Oct 14, 2019 1:36am
short again at 108.23 moved SL to BE 108.56 TP 104.86
next level short 107.91
  • #81,837
  • Oct 14, 2019 1:39am Oct 14, 2019 1:39am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #81,838
  • Oct 14, 2019 1:57am Oct 14, 2019 1:57am
Quoting pipcenturion
VAP is a LEADING indicator. It has already signaled that the support we currently have for today will be breached to the down side {image}
The low has been breached to the down side. As fore told by VAP.
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  • #81,839
  • Oct 14, 2019 2:20am Oct 14, 2019 2:20am
USDJPY targeting 106.4The rally was sold
  • #81,840
  • Edited 8:22am Oct 14, 2019 7:41am | Edited 8:22am
This appears headed for a spike up to rip stop losses, and engage some buyers before ripping down. Last night my TOS chart showed a spike RIGHT to the 109.3 level previously bounced off of. I prefer not to use indicators to trade as they create urgency, but with that said I keep them on some charts because many swear by them and I like to get in people's heads. Right now a fan favorite the Fisher Transformer is screaming oversold. All could be a trap, but be wary and watch that 109. I think it is an unrealized target that fizzled on lackluster news.

We dropped down to the level where the positive news came out. so perhaps a double top will satisfy.
Don't compare your trades to others. Most often the masses are the asses
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