USD/JPY Discussion | Page 4151 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 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

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #83,001
  • Jun 25, 2020 10:02am Jun 25, 2020 10:02am
Bearish flag on 1hr UJ.
Possible support at 106.8
Don't compare your trades to others. Most often the masses are the asses
  • #83,002
  • Jun 25, 2020 4:39pm Jun 25, 2020 4:39pm
still holding
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2020-06-25 at 5.37.47 PM.png Size: 108 KB
  • #83,003
  • Jun 25, 2020 8:19pm Jun 25, 2020 8:19pm
The USDJPY keeps oscillating around the 107.00 level without a clear direction, but the 106.00 level has been acting as a good support with the 200 day EMA at the 108.00 level acting as resistance.
  • #83,004
  • Jun 26, 2020 6:00am Jun 26, 2020 6:00am
finally some action, nice waking up to this
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2020-06-26 at 6.59.18 AM.png Size: 96 KB
  • #83,005
  • Jun 26, 2020 6:26am Jun 26, 2020 6:26am
Quoting OBsayMkMoney
Bearish flag on 1hr UJ. Possible support at 106.8
TP hit @ 106.8
  • #83,006
  • Jun 26, 2020 6:51am Jun 26, 2020 6:51am
Quoting Dzap
I consider the reversal near 106 to be confirmed We are in bull territory again
We are in a range. Traps are often at the edges. They send price over known points of interest to excite people into thinking things are not what they are. If you use Fib levels watch the 70% level. It is used frequently because the consensus is that when price clears 62% retracement it is then a trend reversal.
Don't compare your trades to others. Most often the masses are the asses
  • #83,007
  • Jun 26, 2020 6:54am Jun 26, 2020 6:54am
Quoting OBsayMkMoney
{quote} We are in a range. Traps are often at the edges. They send price over known points of interest to excite people into thinking things are not what they are. If you use Fib levels watch the 70% level. It is used frequently because the consensus is that when price clears 62% retracement it is then a trend reversal.
But the pair is still bullish. Be careful. Now i am short with the audusd but thinking to open long position with the yen.
  • #83,008
  • Jun 26, 2020 7:21am Jun 26, 2020 7:21am
Quoting neuron
{quote} TP hit @ 106.8
I am still short. There is what looks like a flag on the 1hr at the 106.8 level, but looking left I see the same formation in reverse, so I am holding. If price even peaks above 107.1 area convincingly I will close my shorts out, For now though we seem to be following the pattern back down to 106.2 area which if you pull out.. one... puts us in a nice range. Two would form the ever popular "double bottom", and three also falls into he "master pattern" Priceaction. On the indicator side of things the fisher transformer has not hit the bottom on the 4hr. The one 1hr has flags on it, but as there is news out in 30 minutes that is normal, and a high probabilty fake out.
Ichimoku.. The 1hr shows in in a bullish cloud, but not quite at the bottom. This also seems like a fake when one looks at the 4hr which shows us clearing the bottom of a bearish cloud.

I don't use indicators to enter trades, but it is good to see what those who do see because these indicators used to steer me wrong. As my sister loves to say.. "The masses are asses" Bottom line though.. No flag.. the game continues, and I don't yet see one. Lastly.. when the USD/JPY gets stuck as it did yesterday evening for hours... I have found that it is syncing.. or coming out of sync with the DOW. If you notice this morning we appear to be moving in tandem with the Dow.. whereas at the beginning of the week we were moving counter to it. The Dow had a bad day yesterday on the heels of Covid news. There is a high probability the news coming out will also be bad for the Dow. Also the 4th of July is coming. A famously positive week for the Dow. So.. IF we are following all these signs.. a trip to 106.16 thru 106.4 area and then on up to 109 area following the Dow next week. Or higher...

All conjecture above... The musings of a Guerilla pipster.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 387 KB
Don't compare your trades to others. Most often the masses are the asses
  • #83,009
  • Jun 26, 2020 7:30am Jun 26, 2020 7:30am
Quoting OBsayMkMoney
{quote} I am still short. There is what looks like a flag on the 1hr at the 106.8 level, but looking left I see the same formation in reverse, so I am holding. If price even peaks above 107.1 area convincingly I will close my shorts out, For now though we seem to be following the pattern back down to 106.2 area which if you pull out.. one... puts us in a nice range. Two would form the ever popular "double bottom", and three also falls into he "master pattern" Priceaction. On the indicator side of things the fisher transformer has not hit the bottom...
interesting observation with the DOW, i'll have to take a look. not as experienced with UJ as other pairs, been watching it, trying to see how it fits in with USD and equities in this ongoing risk on/off cycles. CA, AZ, TX is definitely bringing a reality check.
  • #83,010
  • Jun 26, 2020 7:31am Jun 26, 2020 7:31am
OHHHH.... and there is news at 10am EST.. that can help us push back up and complete the pattern....
Don't compare your trades to others. Most often the masses are the asses
  • #83,011
  • Jun 26, 2020 7:45am Jun 26, 2020 7:45am
Quoting neuron
{quote} interesting observation with the DOW, i'll have to take a look. not as experienced with UJ as other pairs, been watching it, trying to see how it fits in with USD and equities in this ongoing risk on/off cycles. CA, AZ, TX is definitely bringing a reality check.

Me and the Dow used to be connected at the hip lol. Played the DOW for my first few years, and used to use UJ as an indicator for the Dow. I only switched to UJ because I couldn't afford the commission/spreads on the Dow. I now love it. I am self taught, so the little divergence, and syncing of pairs was something that gave me confidence. Eur/Usd vs USD/Jpy. XAUEUR vs 6J (Yen) to name a couple.
Don't compare your trades to others. Most often the masses are the asses
  • #83,012
  • Jun 26, 2020 8:24am Jun 26, 2020 8:24am
taking a short from the weekly pivot @ 107.07, not sure if this is gonna be a scalp or hold over weekend, we'll see...
  • #83,013
  • Jun 26, 2020 8:34am Jun 26, 2020 8:34am
Shorts closed. The 1hr flag is confirmed for now.

Will watch this level though. Could turn back south again. This could be opening bell shenanigans.

Wait a Minute.... We are returning to where the London open started us south... Hmmmmm...


Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 388 KB
Don't compare your trades to others. Most often the masses are the asses
  • #83,014
  • Jun 26, 2020 8:59am Jun 26, 2020 8:59am
Back where we started.... If this candle we're in now engulfes the next....

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 474 KB
Don't compare your trades to others. Most often the masses are the asses
  • #83,015
  • Jun 26, 2020 9:44am Jun 26, 2020 9:44am
yea not feelin confident about this short given the PA
  • #83,016
  • Jun 26, 2020 9:57am Jun 26, 2020 9:57am
Quoting neuron
yea not feelin confident about this short given the PA
stopped out
  • #83,017
  • Jun 26, 2020 10:03am Jun 26, 2020 10:03am
Quoting OBsayMkMoney
Shorts closed. The 1hr flag is confirmed for now. Will watch this level though. Could turn back south again. This could be opening bell shenanigans. Wait a Minute.... We are returning to where the London open started us south... Hmmmmm... {image}

THE FLAG WAS REAL!! Wow. Didn't think it would be so quick. Hoping for another 1hr flag up here to send us back down. Definitely should have gotten off with you Neuron. I am glad though that I closed mine in profit, but I left a lot on the table ugh. Consolation is that Gold did the same thing to the downside and is now making it's way back up to where it started. This could have be a flush before we go south.
Don't compare your trades to others. Most often the masses are the asses
  • #83,018
  • Jun 26, 2020 10:13am Jun 26, 2020 10:13am
Quoting neuron
yea not feelin confident about this short given the PA

Wanna hear something funny? I found a price action indicator looking around for an engulfing one. Put it on my chart for giggles... Wanna guess what it said??

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 378 KB
Don't compare your trades to others. Most often the masses are the asses
  • #83,019
  • Jun 26, 2020 10:20am Jun 26, 2020 10:20am
Quoting OBsayMkMoney
{quote} THE FLAG WAS REAL!! Wow. Didn't think it would be so quick. Hoping for another 1hr flag up here to send us back down. Definitely should have gotten off with you Neuron. I am glad though that I closed mine in profit, but I left a lot on the table ugh. Consolation is that Gold did the same thing to the downside and is now making it's way back up to where it started. This could have be a flush before we go south.
yea gave back some of the overnight pips with the second short gone wrong. the speed of this spike does smell a bit like a fake out, couldn't help but a small little revenge short. but mostly done for the week.
  • #83,020
  • Jun 26, 2020 10:24am Jun 26, 2020 10:24am
If this pattern continues... this is showing up bearish...

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 217 KB


Upside down again...

Attached Image (click to enlarge)
Click to Enlarge Name: Master Pattern.JPG Size: 86 KB
Don't compare your trades to others. Most often the masses are the asses
45 traders viewing now