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USD/JPY Discussion

  • #83,541
  • Jan 28, 2021 7:13pm Jan 28, 2021 7:13pm
Quoting warrensapp
{quote} Good call - how did you know it was going to pop up?

For me it was the slow bleed up that started last Thursday. It lead into FOMC so a few days of residual energy makes sense. Also every market is capitalizing on bearish wishes.

Technically the daily pierced the previous high here signalling more to come. My short may get stretched, but the daily "happy candles end at 104.6, and 105.6. So if one gate blows I see us stopping at the initial predetermined location. 105.6

Something is off though. I dont see 105 quite yet. Not enough momentum.

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Don't compare your trades to others. Most often the masses are the asses
  • #83,542
  • Jan 28, 2021 7:39pm Jan 28, 2021 7:39pm
Quoting OBsayMkMoney
{quote} For me it was the slow bleed up that started last Thursday. It lead into FOMC so a few days of residual energy makes sense. Also every market is capitalizing on bearish wishes. Technically the daily pierced the previous high here signalling more to come. My short may get stretched, but the daily "happy candles end at 104.6, and 105.6. So if one gate blows I see us stopping at the initial predetermined location. 105.6 Something is off though. I dont see 105 quite yet. Not enough momentum. {image}
The fact that it was still floating up even after FOMC is what seemed off to me. When I saw that, and RSI pretty high towards overbought levels, I increased my short. Still popped up ¯\_(ツ)_/¯

Still holding my short position. Hope you are right and the bleed up is over.
If you're gonna be a bear, be a grizzly
  • #83,543
  • Jan 29, 2021 1:57am Jan 29, 2021 1:57am
USDJPY, Daily time frame
Falling Wedge Pattern
Upward price movement Indicated
#fx #forex #usd #jpy #usdjpy #forexsignals #fxsuit #forexstrategy #FXsignals #forextrading #forextrader #forexmentor #forexmoney #forexmarket #forexnews

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  • #83,544
  • Jan 29, 2021 2:38am Jan 29, 2021 2:38am
!04.720 blows this as a short term short. If it grabs, not going far. 103.66 then I think 105 end of us market on friday. All conjecture.
Don't compare your trades to others. Most often the masses are the asses
  • #83,545
  • Jan 29, 2021 3:43am Jan 29, 2021 3:43am
Kablewi!
Don't compare your trades to others. Most often the masses are the asses
  • #83,546
  • Jan 29, 2021 6:48am Jan 29, 2021 6:48am
#USDJPY / H4
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  • #83,547
  • Jan 29, 2021 8:24am Jan 29, 2021 8:24am
Quoting OBsayMkMoney
Kablewi!
Yeah you said it.

I need to stop holding positions overnight (when I'm asleep).
If you're gonna be a bear, be a grizzly
  • #83,548
  • Jan 29, 2021 10:58am Jan 29, 2021 10:58am
Quoting warrensapp
{quote} Yeah you said it. I need to stop holding positions overnight (when I'm asleep).
I know the feeling. I set hedges before I go down. IF it blows it stops the bleeding at least.
Don't compare your trades to others. Most often the masses are the asses
  • #83,549
  • Jan 29, 2021 11:07am Jan 29, 2021 11:07am
usdjpy.
next week monday will be a bear day.
  • #83,550
  • Jan 30, 2021 5:29am Jan 30, 2021 5:29am
UJ and 10-yr treasuries aren't typically that disconnected. I think large institutions or banks were having there way with bears last week. I will have to be more cautious moving forward.

H4:

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If you're gonna be a bear, be a grizzly
  • #83,551
  • Edited 3:10pm Jan 31, 2021 3:42am | Edited 3:10pm

.
Confucius: the man who broke the mountain was the same man who started ...
  • #83,552
  • Jan 31, 2021 3:11pm Jan 31, 2021 3:11pm
Quoting warrensapp
UJ and 10-yr treasuries aren't typically that disconnected. I think large institutions or banks were having there way with bears last week. I will have to be more cautious moving forward. H4: {image}
i see that is better see it with yield treasury bond
Confucius: the man who broke the mountain was the same man who started ...
  • #83,553
  • Feb 2, 2021 2:56am Feb 2, 2021 2:56am
Who else here thinks the reversal to the downside has begun?
Amor Fati--F. Nietzsche
  • #83,554
  • Feb 2, 2021 3:25am Feb 2, 2021 3:25am
Quoting doji
Who else here thinks the reversal to the downside has begun?
None?
  • #83,555
  • Feb 2, 2021 5:11am Feb 2, 2021 5:11am
Quoting Vincent1
{image}
In the area of interest now
Waiting for possible climax or any other entry signal
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  • #83,556
  • Feb 2, 2021 7:42am Feb 2, 2021 7:42am
Quoting doji
Who else here thinks the reversal to the downside has begun?

No, not yet. Both the daily, and the 4hr show breaches to the north. 105.6 perhaps. IMO that is.
Don't compare your trades to others. Most often the masses are the asses
  • #83,557
  • Feb 2, 2021 7:58am Feb 2, 2021 7:58am
On the four hour looking left we see that the action here previously bounced around this level coming off the recent highs. Looking further left we see our target. The target was telegraphed during a bout of euphoric news. See how far the previous good news took us? These come out from time to time to test how far people are willing to trade the instrument before running out of interest. We have been ranging inside this candle. We've all seen them. They pop up, are reversed, and retested often.

I am looking for a 105.2 pause, then onward.

Looking at the news I believe we will start our trip south on Friday morning with the Non Farm, and Employment numbers both coming out the same day. If we have not reached the level though, I think these will serve us a nice parabolic candle that ends up having a nice wick on the daily. I have to check my charts, but if memory serves me this repeats the last FOMC statement.
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Don't compare your trades to others. Most often the masses are the asses
  • #83,558
  • Feb 2, 2021 9:58am Feb 2, 2021 9:58am
Im shooting for 107.XX who's with me? haha
  • #83,559
  • Feb 2, 2021 12:38pm Feb 2, 2021 12:38pm
This looks ready to drop.
  • #83,560
  • Feb 2, 2021 12:53pm Feb 2, 2021 12:53pm
6 min USDFOMC Member Mester Speaks
6 min USDFOMC Member Williams Speaks
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