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USD/JPY Discussion

  • #82,141
  • Dec 6, 2019 9:49am Dec 6, 2019 9:49am
Interesting employment spike there. Possible bull trap. Time will tell. So far 108.8 level is holding. 108 on deck IMO.
Don't compare your trades to others. Most often the masses are the asses
  • #82,142
  • Dec 6, 2019 1:24pm Dec 6, 2019 1:24pm
I'm at work today so don't have access to my charts, but it does remind me of last year when the daily settled on the 50 SMA, then broke down, then crashed. I don't normally hold trades over the weekend, but with that rejection of good news/ bull trap spikes, i think it's ready for the trap door to open, and I have a couple of shorts. It's approaching a daily TL.
Who knows, but could be weekly bearish engulfing or close to it. Then again I could be wrong. I found the spikes yesterday very challenging, personally I got stung a cracker in a bull trap and had to close with loss. My own stupid fault, I realised it was a trap 5 min after I entered and didn't immediately pull the pin.
Cheers H
  • #82,143
  • Dec 6, 2019 4:17pm Dec 6, 2019 4:17pm
Quoting hellsbells
I'm at work today so don't have access to my charts, but it does remind me of last year when the daily settled on the 50 SMA, then broke down, then crashed. I don't normally hold trades over the weekend, but with that rejection of good news/ bull trap spikes, i think it's ready for the trap door to open, and I have a couple of shorts. It's approaching a daily TL. Who knows, but could be weekly bearish engulfing or close to it. Then again I could be wrong. I found the spikes yesterday very challenging, personally I got stung a cracker in a bull trap...

I am not trusting anything GREEN until we touch that 108.00 area we previously bounced off of. The news rejection around the 108.8 area was just further confirmation for me, although I do wish I had piled on another sell at that level when it did hit, but my day job prevents greed lol.
Don't compare your trades to others. Most often the masses are the asses
  • #82,144
  • Dec 9, 2019 2:02pm Dec 9, 2019 2:02pm
Certainly thought we'd get further than Daily S1. Had 4 sells, TP2 early with break down to reduce exposure and ensure profit, good thing I did.

Feeling bullish now with the bullish reversal but end of season side line probably better. ????? If Asian can offer better than 9 hours of tight range I might look to enter- If it comes down to blue TL and rejects it I might long a small trade tight SL. Maybe..
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  • #82,145
  • Dec 9, 2019 2:06pm Dec 9, 2019 2:06pm
Quoting hellsbells
Certainly thought we'd get further than Daily S1. Had 4 sells, TP2 early with break down to reduce exposure and ensure profit, good thing I did. Feeling bullish now with the bullish reversal but end of season side line probably better. ????? If Asian can offer better than 9 hours of tight range I might look to enter- If it comes down to blue TL and rejects it I might long a small trade tight SL. Maybe.. {image}

The longs still smell cheesy to me. I could be wrong, but I am still waiting for it to at least touch 108. Possible bearish shark on the 15m.
Don't compare your trades to others. Most often the masses are the asses
  • #82,146
  • Dec 9, 2019 2:07pm Dec 9, 2019 2:07pm
Then again the small volume daily bull candle ( doji even) is hardly convincing.. might still be about to plop.
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  • #82,147
  • Dec 9, 2019 9:15pm Dec 9, 2019 9:15pm
107.8?
Don't compare your trades to others. Most often the masses are the asses
  • #82,148
  • Dec 10, 2019 4:00am Dec 10, 2019 4:00am
hypothesis1
retail traders who are currently buying are placing their stops below the support - buyer's trap.
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At its best, change itself becomes a lifestyle.
  • #82,149
  • Dec 10, 2019 6:13am Dec 10, 2019 6:13am
Closed my last short for a small profit, I'm just not convinced right now. I don't think it's a good time to trade. I keep thinking it wants to push up
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  • #82,150
  • Edited 7:40am Dec 10, 2019 7:26am | Edited 7:40am
Mystery half strength reverse trade still in play, BE. TBH I expect to be stopped out, but one never knows.
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  • #82,151
  • Dec 10, 2019 7:40am Dec 10, 2019 7:40am
NB TP 108.680. US news worse than expected and spike up.. Happy to bag 14 pips and call it a day.... and more China tariff noise...
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  • #82,153
  • Dec 10, 2019 9:41am Dec 10, 2019 9:41am
Quoting hms_galaxy
Hidden

Quoting hms_galaxy
{quote} How did you do that? May I copy your trades through skype or others?
Never good when the guy offering signals is asking others if he can copy their trades... Just saying.
Don't compare your trades to others. Most often the masses are the asses
  • #82,154
  • Dec 11, 2019 12:42am Dec 11, 2019 12:42am
Im not trading tonight, going to drink instead , cheers. The problem is the news in 5 odd hours will probably wipe out trades made between now and then, but if any trader has open trades at BE or even with a loose SL or heaven forbid no SL...and a firm grip on the state of play,.... please share... SHOW US THE MONEY... and your charts..
This place has become a bit of a ghost town...
  • #82,155
  • Dec 11, 2019 1:02am Dec 11, 2019 1:02am
I've opened long position since last Friday two hours before NFP at 108.58. Waiting the Fed and UK elections. My tp at 110.43.
  • #82,156
  • Dec 11, 2019 1:22am Dec 11, 2019 1:22am
Quoting jag1969
I've opened long position since last Friday two hours before NFP at 108.58. Waiting the Fed and UK elections. My tp at 110.43.
SL?
  • #82,157
  • Dec 11, 2019 2:26am Dec 11, 2019 2:26am
I'm swing trader. My SL at 107.
  • #82,158
  • Dec 11, 2019 2:36am Dec 11, 2019 2:36am
Quoting jag1969
I'm swing trader. My SL at 107.
Sweet. I wanted 107 to be my TP for shorts, but too many doubts. Good luck to you.
Cheers h
  • #82,159
  • Dec 11, 2019 9:22am Dec 11, 2019 9:22am
Quoting hellsbells
{quote} Sweet. I wanted 107 to be my TP for shorts, but too many doubts. Good luck to you. Cheers h

I think we will hit 107.8 before heading upwards to the 110 111 area.
Don't compare your trades to others. Most often the masses are the asses
  • #82,160
  • Dec 11, 2019 1:47pm Dec 11, 2019 1:47pm
Bears? Perhaps 3:15pm EST will tell the tale.. Looking good though... Just need to clear 108.4 and hold. I think we will be bearish through Friday, and then the good tariff news will satisfy the Bullish prerogative.
Don't compare your trades to others. Most often the masses are the asses
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