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USD/JPY Discussion

  • #82,861
  • Jun 1, 2020 5:35am Jun 1, 2020 5:35am
USDJPY my analysis early today morning and new situation here

https://www.forexfactory.com/showthr...6#post12975166
  • #82,862
  • Jun 1, 2020 8:30am Jun 1, 2020 8:30am
Quoting OBsayMkMoney
{quote} Still working your "last man standing" candle. I have noticed something and want your input on it. I have noticed that once the area is set by that engulfing one, that going forward for price to stop in that area the engulfing candle is no longer necessary. As if they have already marked the area. It can catch you because when price doesn't show that final candle you think maybe it is going further. I am still working on the formation for when it breaks the defined area. Any thoughts?
Have you got a couple chart examples of what you noticed?
  • #82,863
  • Jun 1, 2020 9:35pm Jun 1, 2020 9:35pm
We may be here until Wed....
Don't compare your trades to others. Most often the masses are the asses
  • #82,864
  • Jun 1, 2020 9:35pm Jun 1, 2020 9:35pm
Quoting tehnoob
{quote} Have you got a couple chart examples of what you noticed?
Been a bit busy at work.. will send this to you today.
Don't compare your trades to others. Most often the masses are the asses
  • #82,865
  • Jun 2, 2020 8:44am Jun 2, 2020 8:44am
Quoting OBsayMkMoney
We may be here until Wed....
Nope... lol
This is a nice move though. We still haven't flushed out the longs though.. so grain of salt.
Don't compare your trades to others. Most often the masses are the asses
  • #82,866
  • Jun 2, 2020 11:10am Jun 2, 2020 11:10am
#USDJPY / H4
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  • #82,867
  • Jun 2, 2020 1:36pm Jun 2, 2020 1:36pm
Quoting tehnoob
{quote} Have you got a couple chart examples of what you noticed?

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Don't compare your trades to others. Most often the masses are the asses
  • #82,868
  • Jun 2, 2020 3:52pm Jun 2, 2020 3:52pm
Quoting OBsayMkMoney
{quote} {image}
Short until 107.805?
  • #82,869
  • Jun 2, 2020 5:47pm Jun 2, 2020 5:47pm
Quoting Jeremy1998
{quote} Short until 107.805?

Me? No, not yet. I haven't seen my flag yet. I think we have a little more room. 108 at least. THEN I may look for shorting opportunities. But.. we are at 107.75 now.. So not sure what you mean by short to 107.8
Don't compare your trades to others. Most often the masses are the asses
  • #82,870
  • Jun 2, 2020 6:05pm Jun 2, 2020 6:05pm
Quoting OBsayMkMoney
{quote} Me? No, not yet. I haven't seen my flag yet. I think we have a little more room. 108 at least. THEN I may look for shorting opportunities. But.. we are at 107.75 now.. So not sure what you mean by short to 107.8

Its well above 108 rn and Tokyo is running bears. Easy short at 108.8

Not sure what you mean
its just a script. join the club
  • #82,871
  • Edited Jun 3, 2020 10:14am Jun 2, 2020 11:39pm | Edited Jun 3, 2020 10:14am
Quoting Dzap
{quote} Its well above 108 rn and Tokyo is running bears. Easy short at 108.8 Not sure what you mean
Yeah me either lol, long day. Looks like I needed that nap, but still, no flag.
Out at 109.15. Selling there unless things change
Don't compare your trades to others. Most often the masses are the asses
  • #82,872
  • Jun 3, 2020 12:40am Jun 3, 2020 12:40am
Hello traders, I want to share my view of Intraday USDJPY

https://www.tradingview.com/chart/US...ay-S-R-levels/

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  • #82,873
  • Jun 3, 2020 8:48am Jun 3, 2020 8:48am
Quoting tehnoob
{quote} Have you got a couple chart examples of what you noticed?
Dude.. I so owe you a bottle of something. Freaking LOVE this. I knew we weren't done when the flag didn't show up on any time frames. What else you got? lol
Don't compare your trades to others. Most often the masses are the asses
  • #82,874
  • Jun 3, 2020 8:58pm Jun 3, 2020 8:58pm
I still think we will try for 109.20, will look for a reason to get long today...
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Get the Lag out
  • #82,875
  • Jun 3, 2020 10:54pm Jun 3, 2020 10:54pm
I think I mentioned this before..

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Don't compare your trades to others. Most often the masses are the asses
  • #82,876
  • Jun 4, 2020 12:07am Jun 4, 2020 12:07am
Quoting tehnoob
But what I am REALLY looking for is this: They say history does not repeat itself, but SOMETIMES it rhymes Are we rhyming now? {image}

Are we rhyming?

May 29th? June 4rth
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  • #82,877
  • Edited 12:55am Jun 4, 2020 12:09am | Edited 12:55am
I'm now out of my long taken @107 on May 29th, for just over 200 pipperonies

Let's see what the mad Yen wants to do next!
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  • #82,878
  • Jun 4, 2020 12:20am Jun 4, 2020 12:20am
I was about to ask why. Now I can see you've already made your money and are smiling to the bank.

KP

Quoting tehnoob
I'm now out of my long taken @107 on May 28th, for just over 200 pipperonies Let's see what the mad Yen wants to do next! {image}
Do your homework, follow the footprints of smart money
  • #82,879
  • Jun 4, 2020 12:24am Jun 4, 2020 12:24am
Quoting OBsayMkMoney
{quote} {image}

Hmm, this is more of what I was seeing. You had the tight yellow range, part of the narrow range we 've been seeing for the last several days, and the bigger context was my "deja-vu"/history rhymes expectation that there would be a spike UP from that range. So I was biased for a break long from the range. But I wanted to buy at the bottom of the range.
Then, we saw the scary, accelerating run to the bottom of the range. In my experience, when we are trapped in a well defined narrow range like that and you get a SUDDEN, SCARY run from one end of the range to the other like that (notice how the last candle of that down run is a big, scary bear candle), the price is more likely to reverse soon, and go back in the range and possibly break out to the other direction- long.

So after that scary down run with the big candle, we broke downwards and out of the range. My bias was long, I was looking to buy at the bottom, we had the scary fake move - so I bought there.

When you have a well-established trend line or channel or tight range and you see the price make a scary, accelerating run to it, having started the run from the opposite end, it's best to look to FADE that move. Bet that the trendline/channel/range will hold, and any breakout will be a fakeout.

When the price really breaks out of a trendline/channel/tight range, it tends to slowly creep towards it first, not rush at it from afar and exhaust all its energy by the time it gets to it.
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  • #82,880
  • Edited 6:00am Jun 4, 2020 5:37am | Edited 6:00am
near support I think, maybe the bulls try to make a stand here this hour...

edit, guess not....
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Get the Lag out
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