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USD/JPY Discussion

  • #82,161
  • Dec 11, 2019 2:52pm Dec 11, 2019 2:52pm
Anything is possible. Good luck everyone.
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  • #82,162
  • Dec 11, 2019 7:46pm Dec 11, 2019 7:46pm
The last Fed statement was on Oct 30. The market shot up a bit as sellers got on board. Then made it's way down and continued to through the next day's news to then go sideways until that Friday when good news came out, and the market made it's way back up hitting the spike area then moving down.. Perhaps history will repeat itself here as well.

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Don't compare your trades to others. Most often the masses are the asses
  • #82,163
  • Dec 11, 2019 8:09pm Dec 11, 2019 8:09pm
it's going to 106.50. just look at the dollar index, do your studies on that and then pick a cross that catches your eye. the dollar is getting dicked, expect that to continue across the board till the average monthly ranges are met

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peace and love
  • #82,164
  • Dec 11, 2019 8:14pm Dec 11, 2019 8:14pm
here's the dollar index. look how the average monthly range overlaps the yearly open (gold line) at the bottom of the screen. guess where it's going. this shit isn't rocket science. it's a dumbass herd subject to natural laws like every other living creature on this rock.

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peace and love
  • #82,165
  • Dec 11, 2019 10:50pm Dec 11, 2019 10:50pm
hypothesis1
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At its best, change itself becomes a lifestyle.
  • #82,166
  • Dec 12, 2019 6:54am Dec 12, 2019 6:54am
Quoting darkmorg
here's the dollar index. look how the average monthly range overlaps the yearly open (gold line) at the bottom of the screen. guess where it's going. this shit isn't rocket science. it's a dumbass herd subject to natural laws like every other living creature on this rock. {image}
Where is average monthly range on the chart, Mate?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #82,167
  • Edited 7:26am Dec 12, 2019 7:06am | Edited 7:26am
they may stretch it up to 106.7x.
edit 109.7x.
  • #82,168
  • Dec 12, 2019 8:16am Dec 12, 2019 8:16am
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.
Hello. I don't believe that i wait the yen crosses my tp. I'll close my long position around 109.43 (76.40 fibo). I'll be out of the market waiting the UK elections.
  • #82,169
  • Dec 12, 2019 8:25am Dec 12, 2019 8:25am
Quoting darkmorg
it's going to 106.50. just look at the dollar index, do your studies on that and then pick a cross that catches your eye. the dollar is getting dicked, expect that to continue across the board till the average monthly ranges are met {image}

The best laid plans spoiled by a twit.
Don't compare your trades to others. Most often the masses are the asses
  • #82,170
  • Dec 12, 2019 11:38am Dec 12, 2019 11:38am
............................Short Area
.................................................................

.........................................................................................https://www.forexfactory.com/showthread.php?p=12660337#post12660337
Patterns have an underlying mathematical structure.
  • #82,171
  • Dec 12, 2019 12:29pm Dec 12, 2019 12:29pm
Hello. I've moved my tp yo 109.43. My long position was closed.
  • #82,172
  • Dec 12, 2019 1:07pm Dec 12, 2019 1:07pm
Quoting Amir_Forex
............................Short Area ................................................................. .........................................................................................https://www.forexfactory.com/showthr...7#post12660337

Hey Amir , what happened to your last batch of shorts.? Are you still holding, did you TP ?? Money management is such an issue for traders, I'd really like to see more information on your trade management, especially since it seems you have plenty of followers happy to short when you do ..
Cheers h

For my part I'm currently sidelined.. freight train action in one direction is a little daunting for me to be confident counter trading, though it is always tempting..
  • #82,173
  • Dec 12, 2019 9:53pm Dec 12, 2019 9:53pm
I'm still not trading, in fact I don't think I'll trade till the new year now, but I'll throw my worthless thoughts into this ghost town. I think there's more chance of a bounce and move to 110, then there is of a sudden drop. I just don't like this PA and sneaky announcements and uncertainty and elections etc. I think there's traps galore to fall in. Watch out.
  • #82,174
  • Dec 12, 2019 11:00pm Dec 12, 2019 11:00pm
So close But so far away. i could see a dip to 109.50 before 109.70.
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  • #82,175
  • Edited 1:50pm Dec 15, 2019 1:33pm | Edited 1:50pm
Here's my take on the USDJPY from a technical perspective of a swing trader. I am bearish USDJPY although the USDJPY market is still consolidating. On the H4 time frame, price action is presently disposed southwards within the rising wedge (blue) seen on the daily time frame but still located a few pips below the wedge resistance trendline. This is indicative of a potential southward turnaround. But a sell trade is not likely to be feasible without a retest of the 109.540/109.630 horizontal resistance zone (bound by magenta horizontal lines). I am bearish USDJPY.


I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #82,176
  • Dec 17, 2019 2:03pm Dec 17, 2019 2:03pm
Longer term daily setup but could be good for a second attempt!
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  • #82,177
  • Edited 9:53pm Dec 17, 2019 6:31pm | Edited 9:53pm
looks like it wants to challenge the weekly open. We might get something that looks like this.
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Its taking longer than i thought it would. feels like buy limit at 109.20 would get filled for the leg up.
  • #82,178
  • Dec 17, 2019 10:12pm Dec 17, 2019 10:12pm
Patiently waiting for bears to come in, maybe tomorrow.
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Plan your trades and trade your plan.
  • #82,179
  • Dec 19, 2019 4:27pm Dec 19, 2019 4:27pm
AB=CD ?
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  • #82,180
  • Dec 19, 2019 8:47pm Dec 19, 2019 8:47pm
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my entry for today
wise man say, only fools rush in
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