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USD/JPY Discussion

  • #82,721
  • May 13, 2020 7:09am May 13, 2020 7:09am
Quoting JayBag
Morning Everyone, ... Such pale moves usually have these kinds of retrace hence I did not bother to add yet.. 106.8926 is an area I am looking to stack up MORE longs.. StaySafe
Managed to squeeze in new batch..
Let's see how it goes..

StaySafe
  • #82,722
  • May 13, 2020 7:10am May 13, 2020 7:10am
Hopefully that was the last leg down.
  • #82,723
  • May 13, 2020 7:42am May 13, 2020 7:42am
Added another long at 106.85. This is it!

Guys load them up...
  • #82,724
  • May 13, 2020 7:52am May 13, 2020 7:52am
I think risk off is back which makes YEN strong (so UJ down). Gold up and Equities down give the signal. Trade safe!
  • #82,725
  • May 13, 2020 7:54am May 13, 2020 7:54am
Quoting Fadhl
I think risk off is back which makes YEN strong (so UJ down). Gold up and Equities down give the signal. Trade safe!
Dont fight the FED. The dollar will skyrocket this year. I completely disagree with the risk on risk off - trading idea.
  • #82,726
  • May 13, 2020 8:21am May 13, 2020 8:21am
Quoting JayBag
{quote} Managed to squeeze in new batch.. Let's see how it goes.. StaySafe
Hey Mate, do you not have a SL in place if you are taking this long term?
  • #82,727
  • May 13, 2020 8:22am May 13, 2020 8:22am
Quoting dimadono
{quote} Dont fight the FED. The dollar will skyrocket this year. I completely disagree with the risk on risk off - trading idea.
Fair enough! Full respect of your view. Will see how things evolve.
  • #82,728
  • May 13, 2020 8:26am May 13, 2020 8:26am
Don't really trade it but like the idea of long dollar going into the US cash open....
However, need to seem some aggressive buying
What puts me off a bit are the decent UK figures this morning and the miss on the US data as well
But Powell seemed +
Equities due a bit of a rebound...
Maybe I have just talked myself out of it
Getting too old for all this
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #82,729
  • May 13, 2020 8:36am May 13, 2020 8:36am
Wow... 21 traders on the forum. UJ must be acting up. We usually peak out at 5 lol
Don't compare your trades to others. Most often the masses are the asses
  • #82,730
  • May 13, 2020 8:38am May 13, 2020 8:38am
Quoting Fares121
{quote} Hey Mate, do you not have a SL in place if you are taking this long term?
I lot just according to my account size.. I build positions around areas of interests..
Trend already activated.. So I know it will only wobble on price but stick with already activated Bull Trend

It should fly from here..
I think our weekly reversal day is today.. Thought it would be tomorrow

StaySafe
  • #82,731
  • May 13, 2020 8:47am May 13, 2020 8:47am
Quoting SFundamental
Don't really trade it but like the idea of long dollar going into the US cash open.... However, need to seem some aggressive buying What puts me off a bit are the decent UK figures this morning and the miss on the US data as well But Powell seemed + Equities due a bit of a rebound... Maybe I have just talked myself out of it Getting too old for all this
UJ starting to shift - that aggressive buying dead give away
People were just waiting for Powell really
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #82,732
  • May 13, 2020 9:21am May 13, 2020 9:21am
Right think that will do me
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #82,733
  • May 13, 2020 10:50am May 13, 2020 10:50am
.

Sell - 106.92

SL - 107.27

.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #82,734
  • May 13, 2020 11:29am May 13, 2020 11:29am
1 minute chart is heading towards a new high. I believe we are going up from now on. Dollar also looks strong. However, my concern is that the dollar looks stronger compared to other currencies and not so strong with jpy. That could be a game changer. Hopefully not. Still keeping my longs.!
  • #82,735
  • May 14, 2020 5:57am May 14, 2020 5:57am
Hello everyone.

Price is essentially back to it's breakout level from couple days' ago. It has one so as stock markets (Dow, Dax, FTSE etc) revisited their May open levels, which also happened to be at or neear their monthly low's, until yesterday. They have since stalled somewhat
Attached Image (click to enlarge)
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  • #82,736
  • May 14, 2020 11:40am May 14, 2020 11:40am
Quoting tehnoob
Hello everyone. Price is essentially back to it's breakout level from couple days' ago. It has one so as stock markets (Dow, Dax, FTSE etc) revisited their May open levels, which also happened to be at or neear their monthly low's, until yesterday. They have since stalled somewhat {image}
EUR/USD and USD/JPY are too stable to trade now. Just not enough range movement anymore. Capital Markets stabilized by central banks.
Be humble or be humbled.
  • #82,737
  • May 14, 2020 11:43am May 14, 2020 11:43am
Its good that they stabilized it so it can finally go the way it is supposed to go and not that nonsense the past 4 weeks.
  • #82,738
  • May 14, 2020 11:56am May 14, 2020 11:56am
Quoting Temujin
{quote} EUR/USD and USD/JPY are too stable to trade now. Just not enough range movement anymore. Capital Markets stabilized by central banks.
Yes, central bank activity has been suppressing volatility on the majors and the markets. But it's been happening since 2008
  • #82,739
  • May 14, 2020 12:07pm May 14, 2020 12:07pm
If, as I suspect, all this down move of the past couple of days in the stock markets was in order to clean past clusters of lows and give an opportunity to buy at the month's low or thereabout (from which markets had run away right from the month's open), then this mission has now been accomplished and markets will move back up to the top of the range of the past few weeks. This may push the USD/JPY higher too
  • #82,740
  • May 15, 2020 7:55am May 15, 2020 7:55am
.

Sell - 106.92

SL - 107.43

.
Together we can be strongest
Vantage Return This Month: -97.0%
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