USD/JPY Discussion | Page 4208 | 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

  • #84,141
  • Nov 8, 2021 8:04am Nov 8, 2021 8:04am
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy daily 67.png Size: 104 KB
  • #84,142
  • Nov 8, 2021 10:40am Nov 8, 2021 10:40am
Quoting Beyfor
{image}
im not big on searching for chart patterns.

but if this isn’t a Bull Flag…
  • #84,143
  • Nov 8, 2021 10:30pm Nov 8, 2021 10:30pm
I am short UJ because Commercials are the most extreme during the last 3 years.
When Commercials start removing some of their posititons and the currently maximum spread tightens you can participate in this downward trend (disclaimer). Also UJ bounced off weekly resistance from Oct 2018 and showed weakness in daily chart.
For daily chart TP is: 110.015, SL: 114.527
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-11-9 UJ bearish.jpg Size: 87 KB
  • #84,144
  • Nov 9, 2021 12:25am Nov 9, 2021 12:25am
current setup on my orders. please enlighten me if i price will drop to 111.970
love to see your views.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.png Size: 10 KB
Golfer that loves Forex
  • #84,145
  • Nov 9, 2021 2:57am Nov 9, 2021 2:57am
#USDJPY / H4
Attached Image (click to enlarge)
Click to Enlarge Name: IqIsKkY.png Size: 63 KB
  • #84,146
  • Nov 9, 2021 5:19am Nov 9, 2021 5:19am
Atleast the pair is rebounding back and recovered a major part of Friday's losses.
  • #84,147
  • Nov 9, 2021 7:09am Nov 9, 2021 7:09am
Anyone else looking long here?

Going for 100 pips but have been getting crushed the last couple of days.
ri · skuht
  • #84,148
  • Nov 9, 2021 9:17am Nov 9, 2021 9:17am
Quoting Riskcuit
Anyone else looking long here? Going for 100 pips but have been getting crushed the last couple of days.
This week traders should follow the smart money. I have 3 reasons for a short trade:

1) The COT data show that commercials traded with their most extreme positions within the last 3 years on last friday and these are fundamental data

2) from the economic calender you can see that the current account for September disappointed forecasts and expectations (0.76T instead of 0.85 T)

3) In the screenshot you can see a volume profile on UJ's with a daily chart as a time frame. You can also see the thick black line at 109.837 --> that should be our TP (little typo in my previous post with profit target)
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-11-9 UJ Tp Target daily.jpg Size: 164 KB
  • #84,149
  • Nov 9, 2021 9:31am Nov 9, 2021 9:31am
Wave 4 looks complete. Now for wave 5. If the rules are respected we should see around 115.8 next week.
OR... we break through this level in the next couple of days
Don't compare your trades to others. Most often the masses are the asses
  • #84,150
  • Nov 9, 2021 10:53am Nov 9, 2021 10:53am
Quoting OBsayMkMoney
Wave 4 looks complete. Now for wave 5. If the rules are respected we should see around 115.8 next week. OR... we break through this level in the next couple of days
My guess is there's a lot riding on cpi numbers tomorrow.

Options are pointing towards 113.70/114 by the end of the week.

Who knows though. Yen futures have been nutty.
"A true speculator tries the market small." - Jesse Livermore
  • #84,151
  • Nov 10, 2021 12:46am Nov 10, 2021 12:46am
Quoting Jgcole83
{quote} My guess is there's a lot riding on cpi numbers tomorrow. Options are pointing towards 113.70/114 by the end of the week. Who knows though. Yen futures have been nutty.
High chance i guess we need to watch out for these two signals; or at least i'm watching for them (the turquoise area in the pic)
1. breaking above 113.1
2. Hammer
Attached Image (click to enlarge)
Click to Enlarge Name: 2278854079f10438864a69233ce4b2aa.png Size: 48 KB
Golfer that loves Forex
  • #84,152
  • Edited 9:53am Nov 10, 2021 7:25am | Edited 9:53am
Attached File(s)
File Type: pdf Wave Ratios and Measurements.pdf   667 KB | 1,264 downloads
Attached File(s)
File Type: rar EW_ABCD_PRO_fix.rar   2.9 MB | 409 downloads
Don't compare your trades to others. Most often the masses are the asses
  • #84,153
  • Nov 10, 2021 10:06am Nov 10, 2021 10:06am
#USDJPY / H4
Attached Image (click to enlarge)
Click to Enlarge Name: Rq0P70o.png Size: 61 KB
  • #84,154
  • Nov 10, 2021 10:13am Nov 10, 2021 10:13am
Well, JPY like hard moves and fake outs.

it broke the bull flag or channel, however you wanna call it.

and now it explodes back in.

I wonder if CPI was expected lower and was trading down to price that in. Or this is more of the real estate and evergrande China issue. Don’t forget Japan is a huge investor in China and the outflows in Chinese real estate stocks could have alot of Japanese money coming back home. This driving Yen stronger past weeks on our UJ pullback.

not saying it’s so, just something I’ve been wondering. Still think UJ is long term up up but the market zigs and zags brutally both ways, any chart will show you
  • #84,155
  • Nov 10, 2021 10:20am Nov 10, 2021 10:20am
Quoting RideTheWave
Well, JPY like hard moves and fake outs. it broke the bull flag or channel, however you wanna call it. and now it explodes back in. I wonder if CPI was expected lower and was trading down to price that in. Or this is more of the real estate and evergrande China issue. Don’t forget Japan is a huge investor in China and the outflows in Chinese real estate stocks could have alot of Japanese money coming back home. This driving Yen stronger past weeks on our UJ pullback. not saying it’s so, just something I’ve been wondering. Still think UJ is long...
Just a pullback.

Cpi was expected to come in higher than forecasted and it did.

Options were indicating that price was gonna move higher.

Look at how UJ moved during London open.

Shot up 50 pips before cpi came out.
"A true speculator tries the market small." - Jesse Livermore
  • #84,156
  • Nov 10, 2021 10:45am Nov 10, 2021 10:45am
Quoting Jgcole83
{quote} Just a pullback. Cpi was expected to come in higher than forecasted and it did. Options were indicating that price was gonna move higher. Look at how UJ moved during London open. Shot up 50 pips before cpi came out.
good points

we’ll have to keep eye on UST10yr yield too. See if it can make a yearly high
  • #84,157
  • Nov 10, 2021 11:35am Nov 10, 2021 11:35am
I wasn't careful enough. Thanks for everyone's contribution.
  • #84,158
  • Nov 10, 2021 12:00pm Nov 10, 2021 12:00pm
Finally it started to go up again
You have to have an IQ higher than 90 to interact with this user.
  • #84,159
  • Nov 10, 2021 12:12pm Nov 10, 2021 12:12pm
Quoting Nordling00
Finally it started to go up again
Were you able to get in?

Great buy down in the marked area.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY-LONG.png Size: 181 KB
Swing the AXE..HARD w/ Effort, Consistency and Patience
  • #84,160
  • Nov 10, 2021 12:44pm Nov 10, 2021 12:44pm
Quoting HTG
{quote} Were you able to get in? Great buy down in the marked area. {image}
Yes and no I mean i am in profit, but i have bought this when it was expensive unfortunately:


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20211110-214426_MetaTrader 4.jpg Size: 509 KB
You have to have an IQ higher than 90 to interact with this user.
39 traders viewing now