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USD/JPY Discussion

  • #83,701
  • Mar 11, 2021 2:29am Mar 11, 2021 2:29am
Quoting OBsayMkMoney
{quote} Gotit. I think you should mention that when you post. I know, because I have followed this forum for a bit, and seen your entries go bad, very bad, then turn around because you trade within the channel, vs edge to edge. Someone new though would come in, see your trade, put in a similar one complete with sl, and lose out. Just a suggestion.
My bad. Yea, I don't do SL thing. My equity is quite strong I think, sometimes I hold my open position for a long time. Im very patient. Haha..
  • #83,702
  • Mar 12, 2021 4:41am Mar 12, 2021 4:41am
UJ double top and M pattern forming on Daily I reckon...
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  • #83,703
  • Mar 12, 2021 10:03am Mar 12, 2021 10:03am
Quoting OBsayMkMoney
{quote} A lot of critical news out today. We could see a pop before we go south. 1hr showing a possible inverted head and shoulders culminating on the previous high.

Yep, she hit. FOMC is next week. For those that follow UJ, we have seen price decide it's direction the Thursday night (EsT) before that decision. Last night we started a descent (search my posts for "another one"). With FOMC maintaining it's course and the economy picking up I see us going into a risk on mode pushing Gold up, and the dollar down. Worst case we range with 109 as the top until that decision which is what it has done for the past three predicted rate decisions. IMO.
Don't compare your trades to others. Most often the masses are the asses
  • #83,704
  • Mar 12, 2021 10:26am Mar 12, 2021 10:26am
M's, and more M's. Repeat??? Possible outcome.
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Don't compare your trades to others. Most often the masses are the asses
  • #83,705
  • Mar 14, 2021 8:33pm Mar 14, 2021 8:33pm
Quoting OBsayMkMoney
M's, and more M's. Repeat??? Possible outcome. {image}
Good spot!
  • #83,706
  • Edited Mar 15, 2021 7:10am Mar 14, 2021 10:25pm | Edited Mar 15, 2021 7:10am
Quoting OBsayMkMoney
M's, and more M's. Repeat??? Possible outcome. {image}
4hr seems to want an M of it's own

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I didn't get my entry. With FOMC coming, I am switching to the weekly for targets. Interesting couple of months. SLow bleed down.. now slow bleed up. Hopefully nothing to encouraging from the FED, or bears are about to get ripped from their sleep.
Don't compare your trades to others. Most often the masses are the asses
  • #83,707
  • Mar 14, 2021 11:28pm Mar 14, 2021 11:28pm
maybe going up to 109.300 first.
  • #83,708
  • Mar 15, 2021 2:13am Mar 15, 2021 2:13am
Quoting PopeyeEA
maybe going up to 109.300 first.
Now going down?
  • #83,709
  • Edited 2:58am Mar 15, 2021 2:36am | Edited 2:58am
Quoting keshibr
{quote} Now going down?
Yes I think possible going down soon after reach my target
  • #83,710
  • Mar 15, 2021 4:37am Mar 15, 2021 4:37am
Quoting Beyfor
Maintain the same outlook {image}{image}
UPDATE

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  • #83,711
  • Edited 5:26am Mar 15, 2021 5:12am | Edited 5:26am
the next target 110.140...
EJ my target until 130.7
don't ever trade pair jpy if you not know the market going..
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  • #83,712
  • Mar 15, 2021 7:48am Mar 15, 2021 7:48am
This feels a lot like November did. We ranged, popped a little, then popped nicely for the decision from FOMC before turning south. Circle is the Thursday before. The first pop is the Monday morning before the U.S. open. The last pop with the parabolic candle.. Fomc.


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Don't compare your trades to others. Most often the masses are the asses
  • #83,713
  • Mar 15, 2021 8:11am Mar 15, 2021 8:11am
Quoting OBsayMkMoney
This feels a lot like November did. We ranged, popped a little, then popped nicely for the decision from FOMC before turning south. Circle is the Thursday before. The first pop is the Monday morning before the U.S. open. The last pop with the parabolic candle.. Fomc. {image}
Go down to 108.40?
  • #83,714
  • Mar 16, 2021 7:12am Mar 16, 2021 7:12am
hold sell guys until 107.3..
  • #83,715
  • Mar 16, 2021 8:33am Mar 16, 2021 8:33am
Quoting PopeyeEA
hold sell guys until 107.3..
Short for T/P 107.30?
  • #83,716
  • Mar 16, 2021 8:40am Mar 16, 2021 8:40am
Quoting keshibr
{quote} Short for T/P 107.30?
my first tp is around 108.65
Observer effect
  • #83,717
  • Edited 11:36am Mar 16, 2021 10:02am | Edited 11:36am
I could be wrong, but I am buying all dips into FOMC. Will sell after the announcement.

My reasoning is the FED has sent us up this far with his speeches. Also the weekly shows us so very close to previous resistance that I don't see them resisting the opportunity. Not to mention previous FOMC weeks have shown a nice pop on the statement. https://www.forexfactory.com/thread/...3#post13452143


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Don't compare your trades to others. Most often the masses are the asses
  • #83,718
  • Mar 16, 2021 10:04am Mar 16, 2021 10:04am
Seems to be you are right, the price jumps from my entry and already reached yesterday's low. Waiting for bounce here to exit.
Observer effect
  • #83,719
  • Mar 16, 2021 10:04am Mar 16, 2021 10:04am
Quoting OBsayMkMoney
I could be wrong, but I am buying all dips into FOMC. Will sell after the announcement.
Seems to be you are right, the price jumps from my entry and already reached yesterday's low. Waiting for bounce here to exit.
Observer effect
  • #83,720
  • Mar 16, 2021 10:37am Mar 16, 2021 10:37am
Quoting ryuryu
Seems to be you are right, the price jumps from my entry and already reached yesterday's low. Waiting for bounce here to exit.
Your short opened at what price?
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