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USD/JPY Discussion

  • #84,241
  • Edited 10:19am Nov 26, 2021 8:29am | Edited 10:19am
Looking to buy into the close.
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"A true speculator tries the market small." - Jesse Livermore
  • #84,242
  • Nov 26, 2021 12:04pm Nov 26, 2021 12:04pm
Glad I took half my long off at 115.Xx

added more back at 114.15~ Not going well. JPY pairs are the movers. Treasuries are strong (yields down).

I was out of the market when the first variants were spooking the news. Didn’t watch in real time how things played out. But volumes weren’t like this.

Iv got the highest Tick volume since the 2020 election. And before that the covid crash. Why I’m a little spooked. Market is moving with weight.

Market has been looking for any reason to sell off. I’m not in equities besides my 401k. I know USDJPY tracks pretty well with US equities.

since august this is first time I might be ok with being shook out.
  • #84,243
  • Nov 26, 2021 12:07pm Nov 26, 2021 12:07pm
Although. If there’s any fast signs it’s similar to the beta or lamda (worrying at first that never played out bad) you don’t wanna get caught shorting risk. Thing could snap back 200pips

im looking at reducing long exposure but not going short. Just me though.
  • #84,244
  • Nov 26, 2021 12:28pm Nov 26, 2021 12:28pm
Quoting RideTheWave
Although. If there’s any fast signs it’s similar to the beta or lamda (worrying at first that never played out bad) you don’t wanna get caught shorting risk. Thing could snap back 200pips im looking at reducing long exposure but not going short. Just me though.
My thoughts exactly.

I just re-opened my longs a little bit ago.
"A true speculator tries the market small." - Jesse Livermore
  • #84,245
  • Nov 26, 2021 3:06pm Nov 26, 2021 3:06pm
I posted all the YEN weekly charts here

https://www.forexfactory.com/thread/...4#post13803094

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  • #84,246
  • Nov 27, 2021 8:52am Nov 27, 2021 8:52am
USDJPY UPDATE

bit of a bitch but hit target eventually. expecting a correction now then drop lower
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  • #84,247
  • Nov 28, 2021 4:15am Nov 28, 2021 4:15am
Ah, so pretty, darn it, I wasn't watching this last week

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  • #84,248
  • Nov 28, 2021 8:20am Nov 28, 2021 8:20am
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Trendlines H1,H4, SMC
  • #84,249
  • Nov 28, 2021 12:47pm Nov 28, 2021 12:47pm
Doubling my long position on any pull back after market open.
"A true speculator tries the market small." - Jesse Livermore
  • #84,250
  • Nov 28, 2021 12:53pm Nov 28, 2021 12:53pm
Here's my take on the USDJPY. On the daily time frame, last Friday, the USDJPY price action made a bearish drop from a multi-year horizontal resistance, creating a supply at the 115.130/115.500 area (red). It surged to the 113.190/ 112.700 demand zone (green) where it met a bullish push back. The technical structure and order flow still favour bulls more than bears, and we may see a northward move in the early part of this week.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #84,251
  • Nov 28, 2021 1:38pm Nov 28, 2021 1:38pm
Quoting Jgcole83
Doubling my long position on any pull back after market open.
Which open?

5 pm New York?

9 am Tokyo?

8 am Frankfurt?

8 am London?

If it's pulling back, isn't it already going long?

As in a reversal.
It takes a lot for me to IGNORE you, but you can try.
  • #84,252
  • Nov 28, 2021 1:43pm Nov 28, 2021 1:43pm
Quoting Erebus
{quote} Which open? 5 pm New York? 9 am Tokyo? 8 am Frankfurt? 8 am London? If it's pulling back, isn't it already going long? As in a reversal.
Spot starts trading in the U.S. 2pm pst.

Price is showing a gap up at 113.90 currently.

I opened a position Friday.
"A true speculator tries the market small." - Jesse Livermore
  • #84,253
  • Nov 28, 2021 1:52pm Nov 28, 2021 1:52pm
Quoting Jgcole83
{quote} Spot starts trading in the U.S. 2pm pst. Price is showing a gap up at 113.90 currently. I opened a position Friday.
man I’m a newb

where r You seeing that gap up before market opens?
  • #84,254
  • Nov 28, 2021 1:58pm Nov 28, 2021 1:58pm
Quoting RideTheWave
{quote} man I’m a newb where r You seeing that gap up before market opens?
https://www.bloomberg.com/quote/USDJPY:CUR
"A true speculator tries the market small." - Jesse Livermore
  • #84,255
  • Nov 28, 2021 2:24pm Nov 28, 2021 2:24pm
Here's my take on the USDJPY. The tool unfortunately did not meet its targets for the red extension model from Tactica Adversa. Therefore, when updating 112.73, I will catch it down. Good luck.
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  • #84,256
  • Nov 29, 2021 6:55am Nov 29, 2021 6:55am
Short 114.15
TP 112.2
Don't compare your trades to others. Most often the masses are the asses
  • #84,257
  • Nov 29, 2021 7:02am Nov 29, 2021 7:02am
Well... Nothing tells me i should be selling this girl lol. Im infact looking at 116.6-116.8 zonal for that more prominent supply demand zone on long term. With dollar index as such, i thinking selling against trend is not advisable imho.
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Sincerely Yours Cheers!
  • #84,258
  • Nov 29, 2021 7:12am Nov 29, 2021 7:12am
There isn't any heavy selling in the options market until 115.

People are betting on a snap back.
"A true speculator tries the market small." - Jesse Livermore
  • #84,259
  • Nov 30, 2021 12:49am Nov 30, 2021 12:49am
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Trendlines H1,H4, SMC
  • #84,260
  • Nov 30, 2021 1:59am Nov 30, 2021 1:59am
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