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USD/JPY Discussion

  • #84,021
  • Aug 18, 2021 1:10pm Aug 18, 2021 1:10pm
As anticipated...Yields down.....Usd/jpy will trend lower....way lower
It's a big game.
  • #84,022
  • Aug 18, 2021 1:49pm Aug 18, 2021 1:49pm
Soaking up silly long money before they hammer this down.
This is not bullish.
It's a big game.
  • #84,023
  • Aug 18, 2021 1:51pm Aug 18, 2021 1:51pm
Quoting Stesto
{quote} Excellent forecast!
Im not sure if that was sarcasm or not?
If not, thanks buddy
It's a big game.
  • #84,024
  • Aug 18, 2021 2:09pm Aug 18, 2021 2:09pm
Quoting funzodundee
Soaking up silly long money before they hammer this down. This is not bullish.
I guess it just tricked the sellers. Smart money is buying USD against most of the currencies
You have to have an IQ higher than 90 to interact with this user.
  • #84,025
  • Aug 18, 2021 3:57pm Aug 18, 2021 3:57pm
Quoting Nordling00
{quote} I guess it just tricked the sellers. Smart money is buying USD against most of the currencies
Ok bro.
Im deeply opposed to your thinking buddy.
It's a big game.
  • #84,026
  • Aug 18, 2021 4:09pm Aug 18, 2021 4:09pm
Quoting funzodundee
{quote} Ok bro. Im deeply opposed to your thinking buddy.
Let's wait and see who's right or wrong mate
You have to have an IQ higher than 90 to interact with this user.
  • #84,027
  • Aug 18, 2021 5:00pm Aug 18, 2021 5:00pm
Quoting Nordling00
{quote} Let's wait and see who's right or wrong mate
Probably both of you

But I'm leaning towards USD strength based on:

DXY is pushing higher

AUDUSD, EURUSD, GBPUSD, NZDUSD are all going lower

USDCAD, USDCHF are both going higher

Most of the time USD and JPY have equal strength making it harder to trade

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #84,028
  • Aug 18, 2021 5:47pm Aug 18, 2021 5:47pm
USD/JPY moves toward 110.00 amid stronger USD

Source: https://www.fxstreet.com/news/usd-jp...n=fxstreetnews
It takes a lot for me to IGNORE you, but you can try.
  • #84,029
  • Aug 18, 2021 7:36pm Aug 18, 2021 7:36pm
It's been my experience that if the markets really worried about something you get much more than a 20-25 reversal either way.

Just a little speculation.
"A true speculator tries the market small." - Jesse Livermore
  • #84,030
  • Aug 18, 2021 10:33pm Aug 18, 2021 10:33pm
Would have used that little pull back earlier to get long instead of short.

Looks almost identical to the last push to 110.70.
Attached Image (click to enlarge)
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"A true speculator tries the market small." - Jesse Livermore
  • #84,031
  • Aug 19, 2021 12:58am Aug 19, 2021 12:58am
I have sell position at 109.450. I have 4 lots and now i'm $2400 loss. Should i close it now or wait for reversal?
It is going high daily. Can anyone advice me?
  • #84,032
  • Aug 19, 2021 7:57am Aug 19, 2021 7:57am
Still holding my USDJPY long positions. Did close two positions last night to make some profit. USDJPY has created a new demand zone on daily. A pull back to that fresh demand zone was a good entry for more long positions. USD unemployment claims good numbers, so USD is bullish.
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  • #84,033
  • Aug 19, 2021 8:13am Aug 19, 2021 8:13am
Quoting funzodundee
{quote} Ok bro. Im deeply opposed to your thinking buddy.
Looks like fundamentals wins, like always. USDJPY bullish.
  • #84,034
  • Aug 19, 2021 8:15am Aug 19, 2021 8:15am
Quoting abdtrader
I have sell position at 109.450. I have 4 lots and now i'm $2400 loss. Should i close it now or wait for reversal? It is going high daily. Can anyone advice me?
Can you explain and share your charts, why did you choose to sell USDJPY and what time frame? What analysis did you use to sell USDJPY? Did you take a look at fundamentals or were you just looking at the charts?
  • #84,035
  • Aug 20, 2021 7:42am Aug 20, 2021 7:42am
Quoting COGSx86
Wtih UJ ranging, this is a traders heaven. Within the next 4 weeks we will see roughly a 3500 pip move corresponding with 4-5 swings. {image}
July 25h posted date

Sorry 5700 pips,
Attached Image (click to enlarge)
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Learn, a forex trader must, unlearn and relearn he will.
  • #84,036
  • Aug 20, 2021 12:49pm Aug 20, 2021 12:49pm
Quoting COGSx86
{quote} July 25h posted date Sorry 5700 pips, {image}
Those swings on the daily chart are a couple hundred pips a swing at most.

Not sure where you're getting 5700 pips from.

https://www.investopedia.com/terms/p/pip.asp
"A true speculator tries the market small." - Jesse Livermore
  • #84,037
  • Aug 20, 2021 5:59pm Aug 20, 2021 5:59pm
Quoting Jgcole83
{quote} Those swings on the daily chart are a couple hundred pips a swing at most. Not sure where you're getting 5700 pips from. https://www.investopedia.com/terms/p/pip.asp
True 6 digit ECN Broker, mmm access to leverage unlike 50:1

100, 200 500 and beyond............
Learn, a forex trader must, unlearn and relearn he will.
  • #84,038
  • Aug 20, 2021 6:06pm Aug 20, 2021 6:06pm
Quoting COGSx86
{quote} True 6 digit ECN Broker, mmm access to leverage unlike 50:1 100, 200 500 and beyond............
5700 pips mean 57 cents... For USDJPY, those size of swings are surreal. Maybe you mean 570 pips but you count the ticks too that's why it looks like 5700
You have to have an IQ higher than 90 to interact with this user.
  • #84,039
  • Aug 20, 2021 6:25pm Aug 20, 2021 6:25pm
Quoting COGSx86
{quote} True 6 digit ECN Broker, mmm access to leverage unlike 50:1 100, 200 500 and beyond............
Also additional leverage doesn't = more pips.

It's just more leverage which exacerbates your losses and makes for sloppy risk management most of the time.

Imho there is no risk management if you're using more than 10:1 leverage.
"A true speculator tries the market small." - Jesse Livermore
  • #84,040
  • Aug 20, 2021 7:11pm Aug 20, 2021 7:11pm
Quoting Jgcole83
{quote} Also additional leverage doesn't = more pips. It's just more leverage which exacerbates your losses and makes for sloppy risk management most of the time. Imho there is no risk management if you're using more than 10:1 leverage.
If price goes up from 110.905 to 190.910 how much if a gain for you would that be?
Learn, a forex trader must, unlearn and relearn he will.
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