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USD/JPY Discussion

  • #82,961
  • Jun 21, 2020 8:29am Jun 21, 2020 8:29am
#USDJPY / Weekly & Daily
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  • #82,962
  • Jun 22, 2020 9:31pm Jun 22, 2020 9:31pm
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  • #82,963
  • Jun 23, 2020 1:40am Jun 23, 2020 1:40am
We had a flush. A little shallow though. We are currently riding the 62% fib. If it holds, the 4hr chart will form a nice set of bearish ones. 107.0 will tell.

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Don't compare your trades to others. Most often the masses are the asses
  • #82,964
  • Jun 23, 2020 3:24am Jun 23, 2020 3:24am
A familiar friend?

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Don't compare your trades to others. Most often the masses are the asses
  • #82,965
  • Jun 23, 2020 7:39am Jun 23, 2020 7:39am
Quoting OBsayMkMoney
We had a flush. A little shallow though. We are currently riding the 62% fib. If it holds, the 4hr chart will form a nice set of bearish ones. 107.0 will tell. {image}
Just gonna leave this right here...
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Don't compare your trades to others. Most often the masses are the asses
  • #82,966
  • Jun 23, 2020 7:58am Jun 23, 2020 7:58am
Looking like a 106.2 possible hit. If so we need to be there before the 9:45 EST news for the USD. In my opinion that is. If so it will form the 4hr bullish flag. If not... 104 is the next level?
Don't compare your trades to others. Most often the masses are the asses
  • #82,967
  • Jun 23, 2020 8:21am Jun 23, 2020 8:21am
I really hope someone took this ride with me. 106.2. I think we will range there before our trip to 111.

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Don't compare your trades to others. Most often the masses are the asses
  • #82,968
  • Jun 23, 2020 8:48am Jun 23, 2020 8:48am
Quoting OBsayMkMoney
We had a flush. A little shallow though. We are currently riding the 62% fib. If it holds, the 4hr chart will form a nice set of bearish ones. 107.0 will tell. {image}
76 pips later...
Don't compare your trades to others. Most often the masses are the asses
  • #82,969
  • Jun 23, 2020 9:08am Jun 23, 2020 9:08am
Are usdjpy bears making a long term mistake?

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COT: The precious data ignored
  • #82,970
  • Jun 23, 2020 9:31am Jun 23, 2020 9:31am
Quoting kuroro001
Are usdjpy bears making a long term mistake? {image}
kindly explain the charts pls?
  • #82,971
  • Jun 23, 2020 9:37am Jun 23, 2020 9:37am
Quoting giggsy
{quote} kindly explain the charts pls?
Its written in the chart, but those charts are from the COT report.
They represent the net positions from the market participants (dealers, AM & MM)

Then charts speak for themselves
For more explanation check my journal, or google about COT report

Cheers
COT: The precious data ignored
  • #82,972
  • Jun 23, 2020 9:44am Jun 23, 2020 9:44am
well， what a nice day.
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If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #82,973
  • Jun 23, 2020 9:47am Jun 23, 2020 9:47am
Long UJ. this 4hr should end around here forming a bearish engulfing and signifying the end of downtrend. If not and 106.00 breaks 105.15 on deck. I closed my shorts, opening longs. If it fails I will hedge the longs to 105.1
I was short because I saw Bank candles going long. They are always on the other side of these perfect candles.

Once again, shout out to the puffer fish for putting me on this path.
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Don't compare your trades to others. Most often the masses are the asses
  • #82,974
  • Jun 23, 2020 9:47am Jun 23, 2020 9:47am
Quoting tehnoob
{quote} Are we rhyming? May 29th? June 4rth {image} {image}
We still rhyming guys?

Puffer fish can't fckin rhyme! They're too dumb!

Watch out tho. They more obvious the rhyming becomes, the more its predictive power wanes
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  • #82,975
  • Jun 23, 2020 9:54am Jun 23, 2020 9:54am
Quoting kuroro001
{quote} Its written in the chart, but those charts are from the COT report. They represent the net positions from the market participants (dealers, AM & MM) Then charts speak for themselves For more explanation check my journal, or google about COT report Cheers
okok i will go thru ur profile..

anyway..dxy is going lower...think qe is just expedite the whole shit down...boj won't like this..interesting times ahead.
  • #82,976
  • Jun 23, 2020 10:01am Jun 23, 2020 10:01am
Quoting giggsy
{quote} okok i will go thru ur profile.. anyway..dxy is going lower...think qe is just expedite the whole shit down...boj won't like this..interesting times ahead.
True, they don't like it when jpy is too strong
At some point they'll intervene massively, but maybe we'll see stocks lower before

Better be ready
COT: The precious data ignored
  • #82,977
  • Jun 23, 2020 10:33am Jun 23, 2020 10:33am
Be careful the 106.5. Could bounce back to the lows off that as retail bears take profit.

Although 106.75 looks better. Hopefully it hits before US lunch hour.
Don't compare your trades to others. Most often the masses are the asses
  • #82,978
  • Jun 23, 2020 12:08pm Jun 23, 2020 12:08pm
Quoting OBsayMkMoney
Be careful the 106.5. Could bounce back to the lows off that as retail bears take profit. Although 106.75 looks better. Hopefully it hits before US lunch hour.
Hmmmm .. Not sure if I like this 4hr candle. We may push further down.. Or close the US market at the lows. 15M chart pointing to us closing at the lows. TP'd my longs. Added 1 short from here to the lows. Buys waiting at the lows to crowd this bus to 109- 111 area. I am not 100 percent sure about the 111 yet. This isn't quite the running start I think is needed for that. 109? Easy peasy
Don't compare your trades to others. Most often the masses are the asses
  • #82,979
  • Jun 23, 2020 1:42pm Jun 23, 2020 1:42pm
Hey all - I am relatively new to this and made an observation today. I noticed that as the price of gold was going up, USDJPY was going down. Is that sometimes the case or always?

I compared them on the chart and for the most part it does look like a pretty high probability that if gold is going up, then the dollar is going down. I just need to know if my logic is being too simplistic or if there is more I should know?

Thanks for any help - and apologies in advance if this is the wrong thread for this. Like I said, I'm still learning.
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  • #82,980
  • Jun 23, 2020 3:12pm Jun 23, 2020 3:12pm
The robots are currently at 71 percent Long. This is interesting at this level. If it goes above 85 we could see some tricky footwork, however that will also signal a LONG trip north to 111. If we stay below 80 percent I see a 109 hit again. The 4h chart has some interesting candles at the bottom. Not quite the formation I expected, so we could revisit, or blast through to 105.1. If so.. THEN.. we are most likely primed for 112.
Don't compare your trades to others. Most often the masses are the asses
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