Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

USD/JPY Discussion 4 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

Quoting Kenobi
{quote} Been conflicted for days about this. This is one of the better sub threads and usd/jpy is a great pair to trade. If it weren’t for the test of last week’s high yesterday and pullback today before what could be a possible breakout from the triangle it would be easier to walk away. Are you saying people need to share ideas on the format you prefer? Let’s be honest. It is not about the 3 views this brings.
This is a public forum, so need is a strong word. I was voicing an opinion. Adherence is absolutely voluntary as I only have the power to request things of orhers. Appreciate your input. Thanks.
When you feel like you HAVE to trade is when you least should!
Quoting OBsayMkMoney
{quote} It would be awesome if rather than assuming your education is superior you asked why the phrase was used. I use colloquial terms to lessen the blow. People are easily offended when critiqued, and the use of lighthearted phrases tends to change how things are recieved. With that said, you have no idea where I was educated or how many different ways I have learned to communicate. To assume your way superior... Well Americans have an amusing euphemism using the word assume I am sure you are privy to.
I'm really sorry if I came across too strong. It seems as though the written word doesn't do flippant. I was just amusing myself. All the best to you.
Gone to a better place
Are you aiming for 110 yen?
Attached Image (click to enlarge)
Click to Enlarge Name: 0.JPG Size: 86 KB
Ninja trader Return This Year: na
Quoting olderekg
hypothesis1 break and retest of 109.00 might push price to August highs then back down. {image}
August highs cleared. price might be headed to clear stops(liquidity) of retail traders who went long from the psy. level 109.00
Attached Image (click to enlarge)
Click to Enlarge Name: x282TVfS.png Size: 156 KB
At its best, change itself becomes a lifestyle.
a daily close above 109.5 could be an attractive buy towards 110.5+
Don't Worry Be Happy
109.460 end of the rally and then the pressure on the level between 109.3 to 109 / 109.8 until the end of this week
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.micH4.png Size: 12 KB
https://www.forexfactory.com/showthr...7#post12606977
Attached Image
Patterns have an underlying mathematical structure.
Did I just see a Double Top pattern in H1?
hypothesis1
Attached Image (click to enlarge)
Click to Enlarge Name: uVVFX22w.png Size: 256 KB
At its best, change itself becomes a lifestyle.
  • Post #82,051
  • Quote
  • Edited Nov 11, 2019 2:34pm Nov 10, 2019 4:37pm | Edited Nov 11, 2019 2:34pm
Here's my take on the USDJPY, from the technical perspective of a swing trader.

On the weekly time frame, the order flow context and the predominance of bullish candlesticks among recently printed ones favour bulls. We may expect a bullish continuation to target the 111.080 horizontal resistance before a bearish turnaround. Nevertheless, a significant bearish breakdown of the rising trendline (blue) will incentivize bears for a southward drive. It is important to remember that the bigger technical market operation is within a falling channel (red).

Technicals and the order flow on the daily time frame favour bulls. I am bullish USDJPY. Nevertheless, a significant breakdown of the rising trendline (blue) on a daily closing basis will negate the bullish bias.


I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYWeekly_November 10, 2019.png Size: 40 KB


Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily_November 10, 2019.png Size: 31 KB
Do your homework, follow the footprints of smart money
Distribution example on the USDJPY market
This is a small-scale distribution on TF 1h.

 

  1. Buyers receive an increased profit from rising prices. Everyone wants to be buyers. However…
  2. Look at the dynamics of prices and the relationship to volumes. Growth slows, but volume remains high. EVRT. This means the resistance (by professional Limit sell orders).
  3. SB. Supply Bar after a bar of indecision. Selling pressure confirms the weakness at 109.40.
  4. After this elegant SLKB, the market receives a bullish momentum.
  5. However, look at activity on growth after SLKB. This is no demand. The Chart says it is too expensive to buy.
  6. However, inexperienced traders enter the long. Perhaps they use the signals of their lagging indicators.
  7. The trap for buyers slams. The market drops sharply at high volume. This is SB, as well as a bearish change in the character of market behavior.
  8. Wave ND.
  9. Wave S.
  10. Buyers (they were recently in the majority) close at a loss.


Actually, you can play a short-term raise. In favor of this idea you have minor bullish arguments:

11) Bounce from the downward channel line
12) Activation of stop-loss buyers at a level that shows a blue thin horizontal line.

But buying is a high-risk idea as there is a zone of weakness on top. Assess your chances.
Hope this review has been helpful, thanks for reading. Visit my thread

Attached Image (click to enlarge)
Click to Enlarge Name: L5unqiY.png Size: 107 KB
Oleg Alexandrov, market analyst. Find me in Google
Quoting KeenPips
Here's my take on the YSDJPY, from the technical perspective of a swing trader. On the weekly time frame, the order flow context and the predominance of bullish candlesticks among recently printed ones favour bulls. We may expect a bullish continuation to target the 111.080 horizontal resistance before a bearish turnaround. Nevertheless, a significant bearish breakdown of the rising trendline (blue) will incentivize bears for a southward drive. It is important to remember that the bigger technical market operation is within a falling channel (red)....
Thanks Keenpips.
Gone to a better place
Thanks for your encouraging comment.

Trade safe.

KP

Quoting smikester
{quote} Thanks Keenpips.
Do your homework, follow the footprints of smart money
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 155 KB
When you feel like you HAVE to trade is when you least should!
Quoting olegchartist
Distribution example on the USDJPY market This is a small-scale distribution on TF 1h. Buyers receive an increased profit from rising prices. Everyone wants to be buyers. However… Look at the dynamics of prices and the relationship to volumes. Growth slows, but volume remains high. EVRT. This means the resistance (by professional Limit sell orders). SB. Supply Bar after a bar of indecision. Selling pressure confirms the weakness at 109.40. After this elegant SLKB, the market receives a bullish momentum. However, look at activity on growth after...
Oleg.. On the first day we closed at a high of over 5 months. Is that not worth mentioning? On the second day (8th November) there was a net range of 6 pips.
Gone to a better place
Quoting OBsayMkMoney
{image}
He is speaking at Economic Club of New York;. It may be relevant.
Gone to a better place
Quoting olderekg
hypothesis1 {image}

Get a grip! Where is hypothesis 2? It is simple, really:

Attached Image (click to enlarge)
Click to Enlarge Name: news nfp.png Size: 18 KB


And here is a chart:

Attached Image (click to enlarge)
Click to Enlarge Name: UsdJpy191211h1.png Size: 35 KB
Gone to a better place
A bit light on for for opinions here today, so I'll throw my position into the thread. I really wasn't sure about the NZD red news today, so I avoided it. I have already bought , sold and bought UJ today today and this is my final position, at BE with a good profit locked for the day. It's got a possible 4H hammer, last week was bullish, it might do a sneaky break up.. then again it might not. I love BE, eliminate hindsight bias, and give a trade a go. Targeting 109.550, and if I get stopped out that's ok too. Glad I didn't long AUS/USD (and if i had, not locked in a profit) what a rejection ! USD dollar might survive Trump and his tariff ups and downs. Who knows. It's in the 2nd half Asian dead zone now, so I doubt we'll know for another 4-6 hours if these are real legs or not. USD red news also coming tonight...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1311uj2_LI.jpg Size: 1,001 KB
Click to Enlarge Name: uj3_LI.jpg Size: 819 KB
109.00 seems to have some gravity lately. limited movement below and better above. the 2 possibilities i see are, make a move up towards the gap then back down for a retest, or hang out for a just above and consolidating for a while with a retest for a move higher. i would like to think that the hourly close above 109.00 has significance. time will tell.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.PNG Size: 53 KB
2 traders viewing now