DislikedInteresting pattern popped up. Notice the 1.618 at 109.752... Just a Harmonic indicator I have on UJ for suggestions. {image}Ignored
Don't compare your trades to others. Most often the masses are the asses
- #83,801
- Apr 6, 2021 12:31pm Apr 6, 2021 12:31pm
- Joined Jan 2019 | Status: Trader | 2,656 Posts
Don't compare your trades to others. Most often the masses are the asses
- #83,802
- Apr 6, 2021 5:19pm Apr 6, 2021 5:19pm
- Joined Dec 2013 | Status: Trader | 1,942 Posts
Learn, a forex trader must, unlearn and relearn he will.
- #83,803
- Apr 6, 2021 7:33pm Apr 6, 2021 7:33pm
- Joined Jan 2019 | Status: Trader | 2,656 Posts
Bohica? Is that you?
What I originally thought was back to 110 and beyond, but that would be too easy, no? I mean remember how we bought last week? It looking like it might turn at every pause. Let's see. Daily even says trendline hit so north.
Hourly...
How far? If we jump 109.6, then 109.3 will decide. 109.9? Then we touch 111... or 112 IMO.
I think we will bounce off of 109.3 area this week,, We needed bears to go north, to 112. We got some this week,,, but we will see.Scalp small. Wait for the break
What I originally thought was back to 110 and beyond, but that would be too easy, no? I mean remember how we bought last week? It looking like it might turn at every pause. Let's see. Daily even says trendline hit so north.
Hourly...
How far? If we jump 109.6, then 109.3 will decide. 109.9? Then we touch 111... or 112 IMO.
I think we will bounce off of 109.3 area this week,, We needed bears to go north, to 112. We got some this week,,, but we will see.Scalp small. Wait for the break
Don't compare your trades to others. Most often the masses are the asses
- #83,804
- Apr 6, 2021 7:52pm Apr 6, 2021 7:52pm
- Joined Jan 2019 | Status: Trader | 2,656 Posts
{quote} Speak tomorrow, Mr. Powell does mmm, look familiar it does. {image} {image}
3/17 1400 EST
Don't compare your trades to others. Most often the masses are the asses
- #83,807
- Apr 8, 2021 6:12am Apr 8, 2021 6:12am
- Joined Jan 2019 | Status: Trader | 2,656 Posts
Don't compare your trades to others. Most often the masses are the asses
- #83,809
- Apr 8, 2021 6:58am Apr 8, 2021 6:58am
- Joined Jan 2019 | Status: Trader | 2,656 Posts
109.3 has been popped. Let's see if she holds now. Possible retracement to 109.8 is in the cards, although I think unlikely. They appear to be edging this down. By that I mean rather than hit the previous levels, they get just close enough to i to make it appear to be support, or resistance. On the trip up price edged the previous weekly highs then came down.
It did the same again here.
YEN COT report shows yen being sold, so some sort of bounce could be working for the coming week.
If we end the week a little above current price I am looking for it to go back up. At least to the previous high like it did on this 4hr chart
but maybe just above. We have come a long way up. Are we really not going to touch the 112?
Lastly... weekly showing a nice bullish inverted Head and shoulder possibility. Just saying... I don't think this is over. Look for the shelf.
If we end the week a little above current price I am looking for it to go back up. At least to the previous high like it did on this 4hr chart
Lastly... weekly showing a nice bullish inverted Head and shoulder possibility. Just saying... I don't think this is over. Look for the shelf.
Don't compare your trades to others. Most often the masses are the asses
- #83,811
- Apr 8, 2021 10:17am Apr 8, 2021 10:17am
- Joined Dec 2013 | Status: Trader | 1,942 Posts
{quote} Apparently not much. His charting skills are atrocious. He lacks knowledge of fundamental trading and apparently timing. He posted something a while ago about how the fed printing money is good for the dollar but it's actually horrible. 2008-2013 the dollar was weak and UJ didn't start its run until 2013 when they tapered QE and started raising rates.
“his charting skills are atrocious”
cuz your charts r so much better, (he hasn’t posted a chart on his profile, ever). Holding shorts bud?
At this point you look like a traders whose holding shorts, and a low character individual callin me out. Directed at me, why? All that’s provided is the chart information based on facts, that would allow traders to use the information to better position there trades.
I’m sorry you haven’t learned the power of the central banks or someone who even looks at the charts or even looked at my posts in this thread. For if you did for example you would see the bigger picture how since January 6th, For example, the FED has pumped the dollar more then 8000 points with 2 retraces both 1400 points. Which if you follow my posts, I posted here.
But if you let your ego go and learned the main drivers of the market set market direction with interest rates maybe things would be different for you. So instead of directing your forum posts at other traders why not just use data and the charts. The market responds accordingly to the FED. And ya since 1971, UJ, EU and interest rates move very closely together.
if .5 cents hurts you as a trader maybe trading isn’t for you, your obviously upset.
My clock on my computer is set to the world clock, when I posted the quoted piece, earlier this week, it was the 16th but on my pc the 17th, when I posted it. So when I said tomorrow, I meant the 18th which is today. And Powell is speaking telling everyone the FED will be printing money until 2023. Along with fed minutes, and Daly came out yesterday, offering further support for the US.
Has the market had enough with free money?
Each year since Powell has been the chairmen, the first quarter of the year sets price range. But when interest rates and bonds are so low the dollar gets stronger and a continuation happens.
Will that be the case, this time, I’m thinking so. The fed has to inflate thE dollar away as countries around the world are starting to move away from the Usd.
But with trillions being printed, as the world reserve currency, with digital currencies coming online, it still creates attraction to the UsD, also consider commodity prices are up, across the board.
Learn, a forex trader must, unlearn and relearn he will.
- #83,812
- Apr 9, 2021 8:08am Apr 9, 2021 8:08am
- Joined Jan 2019 | Status: Trader | 2,656 Posts
109.3 has been popped. Let's see if she holds now. Possible retracement to 109.8 is in the cards, although I think unlikely. They appear to be edging this down. By that I mean rather than hit the previous levels, they get just close enough to i to make it appear to be support, or resistance. On the trip up price edged the previous weekly highs then came down. {image}It did the same again here. {image}YEN COT report shows yen being sold, so some sort of bounce could be working for the coming week. {image} If we end the week a little above current...
Anyone else see what I see??
Don't compare your trades to others. Most often the masses are the asses
- #83,816
- Apr 11, 2021 3:05pm Apr 11, 2021 3:05pm
- Joined Dec 2015 | Status: Trader | 8,751 Posts
Consider this technical perspective from a swing trader if you are tracking USDJPY this week. USDJPY price action on the daily time frame is still in a bullish market structure. Although price action has broken below an inner rising trendline (blue), the bullish candlestick printed on Friday kicks off its respect of a middle rising trendline (magenta), while an outer rising trendline (red) traceable to January 2021 is still intact. Despite recent bearish candlestick prints indicating a significant bearish pressure, technically, the ‘wicky’ areas above the present location of price action may incentivize bulls to aim for some liquidity grab. This may result in further bullish move before any significant bearish pullback.
I may be wrong. Trade safe and prosper.
KP
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #83,817
- Edited 5:44pm Apr 11, 2021 5:30pm | Edited 5:44pm
- Joined Jan 2019 | Status: Trader | 2,656 Posts
109.9 sell to 108.9. hedge at 109.98(buy to 110.7)
Buying from there and holding to recent highs. We may be here a day or two.
I have my eye on tuesday's cpi bringing bulls back in.
COT showing bullish Yen chances in the coming week. Someone is betting on a usd dip next week. Another thread member uses the current COT and just switches that week's position to the Dollar THIS week. So if that bears true then DXY is long the yen this week, n short the next.
Trade carefully
Reasons, COT report, daily weekly, and 15m charts.
Buying from there and holding to recent highs. We may be here a day or two.
I have my eye on tuesday's cpi bringing bulls back in.
COT showing bullish Yen chances in the coming week. Someone is betting on a usd dip next week. Another thread member uses the current COT and just switches that week's position to the Dollar THIS week. So if that bears true then DXY is long the yen this week, n short the next.
Trade carefully
Reasons, COT report, daily weekly, and 15m charts.
Don't compare your trades to others. Most often the masses are the asses
- #83,818
- Apr 11, 2021 10:27pm Apr 11, 2021 10:27pm
- Joined Jan 2019 | Status: Trader | 2,656 Posts
Don't compare your trades to others. Most often the masses are the asses
- #83,819
- Edited 7:33pm Apr 12, 2021 7:13pm | Edited 7:33pm
- Joined Sep 2018 | Status: Trader Man | 2,123 Posts
,,,H4
- Did anyone have a vision ?
"No pain no gain"