near support I think, maybe the bulls try to make a stand here this hour...
edit, guess not....
edit, guess not....
Get the Lag out
USD/JPY Discussion 7 replies
NZD/JPY Discussion 12 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
EUR/USD Bollinger Band Discussion 3 replies
Suidster's GBP/JPY Discussion 19 replies
Disliked{quote} 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...Ignored
DislikedHey traders, first time posting here. UJ H4 idea imho Cheers {image}Ignored
Disliked{quote} I think we are about to see a 4hr bear flag. Let's see. The opening flag seems to compliment the closing one so... Watching. If so I will get in at 109.16 area going back to 107. The FOMC statement is next week. I have niticed the trend towards those decisions start the thursday before it. Meaning tonight we should start in the direction it will take after the decision. None of the time frames show the flag, so.. andiamo. {image}Ignored
Disliked{quote} Be careful. I smell a bull trap coming. I think it will form that "support" you have been waiting for and then dip back to 107. Looking left you see where it did simiilarly before. USD had bad news today yet we are going up. Only way that makes sense to me is the hedge funds are selling, which creates bullish intent as sellers decrease in amount, and those selling hold out for higher prices. They already signaled that with the 9am EST. bearish candle. Oh.. and no humble opinions allowed her. Only bold and proud ones. Just kidding. Welcome!!!...Ignored
Disliked{quote} 4hr flag didn't show up. No flags on any time frames yet. Thought a 1hr one was showing, up but NOT. We did however see a nice Bear trap at the 109.16 area. I think we are due for a nice rip to 109.4 which will hurt anyone who jumped in at 109-109.16 area. If it happens it will also engage bulls to go long just in time to hit that 109.4 area and turn around. This falls in line with the puffer fish's rhyming forcast as well. If it does so by 5pm EST. (00:00 zulu), and closes there we will have a nice bear flag. Edit. The volume makes it seem...Ignored
Disliked{quote} Based on the completed bat pattern, I am looking for short set ups. with tp1 107.95, tp2 107.19 CheersIgnored
Disliked{quote} Now today we return to that same level... Yet no flag. In fact the opposite. The candles actually do the opposite and start going smaller. So, what I think I am seeing is that once the level is set... another flag is not required to signal a reverse. {image}Ignored
Disliked{quote} Yes, if you see the same set up as in a prior decline/rise form the same level, then it is more likely a trap, not a signal that the same action will repeat itself. Atm, after the 200pip spike up from 107, I have no opinion on what's next here. If I have a bias, it's more short at around this level, only because the stock markets seem to have gone berserk over the past few days, so might be due a drop. But I don't know what kind of news would cause such a drop. I'm sure the news will present themselves right when it's time. Maybe a Chinese...Ignored
Disliked{quote} Yes, if you see the same set up as in a prior decline/rise form the same level, then it is more likely a trap, not a signal that the same action will repeat itself. Atm, after the 200pip spike up from 107, I have no opinion on what's next here. If I have a bias, it's more short at around this level, only because the stock markets seem to have gone berserk over the past few days, so might be due a drop. But I don't know what kind of news would cause such a drop. I'm sure the news will present themselves right when it's time. Maybe a Chinese...Ignored
DislikedFor my part I am completely undecided. I've been looking for a fat AJ short and fortunately TP 2 small trades yesterday. Such a bull week UJ too. I like pivots but pivots have limitations bet there's some DD for pivoteers on these yen pairs. It's Friday. Normally I consider Friday's range days but after a big week will it continue or will it retrace ??? TBH I will probably just scalp volatility on hour changeover of Asian session , 5 pips here and there..Ignored