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USD/JPY Discussion

  • #82,681
  • May 12, 2020 2:16am May 12, 2020 2:16am
Good morning everyone.

Still long the USD/JPY.

On other fronts, I saw a third bullish bell on FTSE 4hourly just now, as I posted in my journal, which is a bullish continuation signal. Suggesting indices want to continue rising and maybe the USD/JPY will continue rising too, although the yen has always had a mind of its own!
  • #82,682
  • May 12, 2020 2:21am May 12, 2020 2:21am
When you see most of retail traders are long go short and vice versa.
  • #82,684
  • May 12, 2020 2:32am May 12, 2020 2:32am
Quoting Barca
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I'm only interested in it if it makes coffee too.

Wrong thread, and u know it bud.
  • #82,685
  • May 12, 2020 2:46am May 12, 2020 2:46am
Quoting tehnoob
{quote} I'm only interested in it if it makes coffee too. Wrong thread, and u know it bud.
Just coffee?

For me, I would only download if it funds my account itself
  • #82,686
  • May 12, 2020 2:47am May 12, 2020 2:47am
Quoting OBsayMkMoney
{quote} Looking like Neo is spot on. If the cluster is taken out bulls may feel invigorated and pounce, just as it decides to turn. Trapping them in the trade as it continues down.
Watch out! You're beginning to think like a market maker lol. This is one scenario. However, I won't rush to sell just because it reaches those levels. Not without the corresponding bearish bells ringing on the charts.
  • #82,687
  • May 12, 2020 2:50am May 12, 2020 2:50am
Quoting umbrella man
When you see most of retail traders are long go short and vice versa.

Most retail traders are split in half on this pair, so no big mass of retail traders on either side yet. Sentiment works best as a contrarian indicator when it reaches extremes.
  • #82,688
  • May 12, 2020 2:51am May 12, 2020 2:51am
Quoting JayBag
{quote} Just coffee? For me, I would only download if it funds my account itself
Yes it'd be nice if it could have a "print £" button too right next to the "make coffee" button. Maybe it's coming in the next version
  • #82,689
  • May 12, 2020 3:13am May 12, 2020 3:13am
Quoting tehnoob
{quote} Yes it'd be nice if it could have a "print £" button too right next to the "make coffee" button. Maybe it's coming in the next version
as for next version, that got me weak ...
  • #82,690
  • May 12, 2020 3:48am May 12, 2020 3:48am
the situation like i see it. (ichimoku trader)
1. weekly, break below the cloud and like price usually do go to retest the cloud edge (price 117.769, price do that yesterday) - downtrend
2. daily, in the cloud - no trade! but, price break up in to the cloud, could reverse easily.
3.h4, bullish all the way,but that rally need to breath some down air. breakup the cloud and didnt test in from above like usually need to do.
4. h1, bullish feels like get his top.
3. 30m just in the cloud from above.

if the price wont gain new high above 107.770 it will lose more and for me the price should get to 116.9XX-117
sum up, i dont see a reason to buy.
  • #82,691
  • May 12, 2020 4:10am May 12, 2020 4:10am
Quoting gatenio
the situation like i see it. (ichimoku trader) 1. weekly, break below the cloud and like price usually do go to retest the cloud edge (price 117.769, price do that yesterday) - downtrend 2. daily, in the cloud - no trade! but, price break up in to the cloud, could reverse easily. 3.h4, bullish all the way,but that rally need to breath some down air. breakup the cloud and didnt test in from above like usually need to do. 4. h1, bullish feels like get his top. 3. 30m just in the cloud from above. if the price wont gain new high above 107.770 it will...
We must agree we all trade differently.. For me, It's just the start of a BULLISH wave.. Bears don't play around such a setup..
I think you also made a mistake with the numbers? you said 116-117? I only projected a bullish wave till 111.XX area..

maybe I am reading your post wrong
More bulls and bulls ONLY

SS
  • #82,692
  • May 12, 2020 4:13am May 12, 2020 4:13am
Quoting JayBag
{quote} We must agree we all trade differently.. For me, It's just the start of a BULLISH wave.. Bears don't play around such a setup.. I think you also made a mistake with the numbers? you said 116-117? I only projected a bullish wave till 111.XX area.. maybe I am reading your post wrong More bulls and bulls ONLY SS
116.9xx
i dont know what happen there
  • #82,693
  • May 12, 2020 4:14am May 12, 2020 4:14am
Quoting gatenio
{quote} 116.9xx i dont know what happen there
Alright G..

If you think it will get there, why do you say you see no reason to buy?
  • #82,694
  • May 12, 2020 4:25am May 12, 2020 4:25am
Quoting JayBag
{quote} Alright G.. If you think it will get there, why do you say you see no reason to buy?
50 pips from price atm,
weekly is acting like a downtrend for me.
  • #82,695
  • May 12, 2020 8:19am May 12, 2020 8:19am
After a valid confirmation of the 107 price hold in the daily chart, this has turned into a bull market. I am now confident this could reach 108 later today and also we could see levels such as 110, 112 and even 115 in the next month or so.
  • #82,696
  • May 12, 2020 9:14am May 12, 2020 9:14am
Quoting dimadono
After a valid confirmation of the 107 price hold in the daily chart, this has turned into a bull market. I am now confident this could reach 108 later today and also we could see levels such as 110, 112 and even 115 in the next month or so.
117.3 feels like hard to break.
very sensitive spot.

im out of my short few minutes ago - took it yesterday at 117.4
awful one for me.
if 117.300 break i will jump back in
  • #82,697
  • May 12, 2020 9:16am May 12, 2020 9:16am
Quoting gatenio
{quote} 117.3 feels like hard to break. very sensitive spot. im out of my short few minutes ago - took it yesterday at 117.4 awful one for me. if 117.300 break i will jump back in
I wouldnt short usdjpy at this point. Even for 30-40 pips its not worth the risk. the bulls are in and its obvious.
  • #82,698
  • May 12, 2020 9:24am May 12, 2020 9:24am
Quoting dimadono
{quote} I wouldnt short usdjpy at this point. Even for 30-40 pips its not worth the risk. the bulls are in and its obvious.
have to agree..
im taking risks
  • #82,699
  • May 12, 2020 9:25am May 12, 2020 9:25am
If you feel its a short you take the risk and short it.
  • #82,700
  • May 12, 2020 9:28am May 12, 2020 9:28am
Quoting gatenio
{quote} have to agree.. im taking risks
If it was a short btw it should have retraced yeterday's move. its chillin between 23.6 and 38.2 fibo. The retracement should have been faster, but its not. Therefore, that should be going up. Anything can change ofcourse, but i am mostly favoring the bulls right. Even if it breaks 107.30
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