USD/JPY Discussion

Quoting T721

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{quote} gbpusd gameplan till it goes titsup {image}

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Quoting T721

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{quote} GBPUSD UPDATE -- so far so good {image}

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Quoting OBsayMkMoney

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Thanks for the chat T721. Imma take off for the day. Enjoy some fresh air. I will look at your setups later on. Appreciate you.

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Quoting KeenPips

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The USDJPY market is bullish but presently in a sideways mode. On the daily time frame, price action is experiencing a bearish pressure as it tackles the lower part of the multi-year 114.00/115.40 supply zone (purple) seen on the weekly time frame. The last few days have seen the printing of ‘wicky’ top-candlesticks, which may incentivize bulls to grab more liquidity northwards before any bearish pullback. I may be wrong. Trade safe and prosper. KP {image}

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Quoting Jgcole83

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If the chikou span is near price or touching price it's a consolidation signal. The thing that cloud theory doesn't take into account is the fundamentals. The fact we have high inflation and its going to push the fed to raise rates could push this right out of the range. Look at what happened at the end of September. Also options are pointing to volatility are 114.70 and 115.

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Quoting ntk

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{quote} I wonder what kind of trade on which market is automatically so nice to you? Many times I set the pending buy limit @ 79% (Sniper entry) waiting for either the market fallen thru the 79%, then 100% and break the support; or the price would trigger that pending order then goes back up higher level; but no most often price jittering @ 79% mostly at middle of night trigger the pending order then fallen thru the support ... only 50 and 62% retracement up to 71% max is safe for pending order, under 0.75 or 75% you better sit there and watch the...

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Quoting Jgcole83

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If the chikou span is near price or touching price it's a consolidation signal. The thing that cloud theory doesn't take into account is the fundamentals. The fact we have high inflation and its going to push the fed to raise rates could push this right out of the range. Look at what happened at the end of September. Also options are pointing to volatility are 114.70 and 115.

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Quoting OBsayMkMoney

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I believe us to be in wave 5 on the 4hr and Daily time frames. For that reason to find my entry I went into the lower time frames looking for any movements out of balance and found this on the 15. Once it started to retrace I drew my Fib on it, an waited for price to approach the 62%. Once it stuttered I placed a trade above it and waited for the chart to engage it. So far so good. Going to ride this to the daily wave 5 at which point I will once again come to the 15m chart looking for my 70% entry off of the retracement up once it hits the target...

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Quoting COGSx86

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Watching this push up, profit taking for the shorts. UTC +1 (3 hours from this post) market will retrace. 112 some where. Have fun,

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Quoting HTG

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Since the beginning of 2021, if you have been watching bonds, the 10Y bond yield has been rising along with the USDJPY. Investors and traders already positioning themselves for higher interest rates. BOND traders do not wait for the actual interest rate raise. Its coming. Options volatility has increased since October and we have a new monthly high on the SRVIX, eyeing stress and uncertainty in interest rate markets. Looking at two rate hikes next year and who knows about surprises along the way or before then. We just went through multiple weekly...

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