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USD/JPY Discussion

  • #84,321
  • Dec 26, 2021 5:47pm Dec 26, 2021 5:47pm
Quoting RideTheWave
{quote} reported dude the hell is your problem. It’s also crap analysis. You pointed to basically bullish usd. And bullish risk. Equities are gonna rip. I’m sure a correction is coming but what we had was a shake out for another move up. Now if that move gets extended. Sure, I’ll be watching out Jgcole is deff one of the better contributors on this site. Never trying to be a guru. Just good insights. you’re on a public forum dude sorry for whatever your issue is. But get out. USDJPY is usually a chill area. We don’t need you here unless you get...

Stick around my friend. I thought the same.
Don't compare your trades to others. Most often the masses are the asses
  • #84,322
  • Dec 26, 2021 10:57pm Dec 26, 2021 10:57pm
Hey guys, I hope everyone had a good weekend and a great Christmas. Happy Trading
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  • #84,323
  • Dec 27, 2021 1:28am Dec 27, 2021 1:28am
Would be nice if Daily UJ was setting up a Head and Shoulders.
  • #84,324
  • Dec 27, 2021 1:27pm Dec 27, 2021 1:27pm
Short EOD
I have been waiting for this level. Looks to me to be wave B off the 5 legs up. SL @ 115.1
Don't compare your trades to others. Most often the masses are the asses
  • #84,325
  • Edited 5:24pm Dec 27, 2021 1:56pm | Edited 5:24pm
Quoting OBsayMkMoney
Short EOD I have been waiting for this level. Looks to me to be wave B off the 5 legs up. SL @ 115.1
I'm actually really skeptical about this move up today.

Low volume day for the markets

Markets are making this move on 1/3rd of their 5 day average for volume.

Kinda feels like a bull trap.
"A true speculator tries the market small." - Jesse Livermore
  • #84,326
  • Edited 12:24pm Dec 28, 2021 8:40am | Edited 12:24pm
1hr n below say we will be here a bit. 4hr says ready to move down. Could range all day and give the drop to asia. Let's see. If my theory holds 112.8 is my target

Riding the bulls down. A lot of bullish chatter. Smart money shelling out the longs. Another trip to 114.9 should do it.
Don't compare your trades to others. Most often the masses are the asses
  • #84,327
  • Dec 28, 2021 9:03am Dec 28, 2021 9:03am
Looking at buys around 114.
"A true speculator tries the market small." - Jesse Livermore
  • #84,328
  • Dec 28, 2021 11:22am Dec 28, 2021 11:22am
Quoting Jgcole83
{quote} I'm actually really skeptical about this move up today. Low volume day for the markets Markets are making this move on 1/3rd of their 5 day average for volume. Kinda feels like a bull trap.
agreed, there's just a lot of price levels missed by bigger participants.

Should be better later next week. Some PMI's, FOMC minutes and Payrolls
  • #84,329
  • Dec 29, 2021 4:59am Dec 29, 2021 4:59am
I'd be really, really careful right now.

Seeing divergence in rsi and price on multiple time frames.
"A true speculator tries the market small." - Jesse Livermore
  • #84,330
  • Dec 29, 2021 10:58am Dec 29, 2021 10:58am
Premarket rule #1
ANY time the market makes a drastic move right before a market is about to open that move will most likely be reversed. Especially if it stops at a previous area of support or resistance. This morning (EST) at 9am suddenly we ripped down. As soon as we settled I bought. Sure enough the market opened.. sat for a bit then reversed the move made pre market.
Don't compare your trades to others. Most often the masses are the asses
  • #84,331
  • Dec 29, 2021 6:18pm Dec 29, 2021 6:18pm
Gotta watch US 10yr yield. Nice bump today. Low volumes sure. But if it keeps melting up, could see large money next week buy the dip in bonds sending USDJPY back down a bit. Just gotta watch. Could get aggressive.
  • #84,332
  • Edited 9:15pm Dec 29, 2021 8:32pm | Edited 9:15pm
Ridethewave I agree with you. I'm expecting major movement.
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  • #84,333
  • Dec 30, 2021 8:09am Dec 30, 2021 8:09am
I'm thinking we'll get a nice pullback off of 115.50.

Not a fan of counter trend trading but if I was gonna go short that's where I'd take my position.

I'm just waiting for a nice buy opportunity at this point.

Overbought on all time frames and divergence in price and rsi is popping up all over the place.

Nasdaq futures keep selling into strength.

Probably gonna be some volatility going into the New Year.
"A true speculator tries the market small." - Jesse Livermore
  • #84,334
  • Dec 30, 2021 8:19am Dec 30, 2021 8:19am
Quoting OBsayMkMoney
1hr n below say we will be here a bit. 4hr says ready to move down. Could range all day and give the drop to asia. Let's see. If my theory holds 112.8 is my target Riding the bulls down. A lot of bullish chatter. Smart money shelling out the longs. Another trip to 114.9 should do it.
115.1 blown. This is why you move your sl into profit asap.

Holding longs from US premarket reversal.
Don't compare your trades to others. Most often the masses are the asses
  • #84,335
  • Dec 30, 2021 1:53pm Dec 30, 2021 1:53pm
114 EOY?
Out longs at on second test.
Don't compare your trades to others. Most often the masses are the asses
  • #84,336
  • Edited 4:35pm Dec 30, 2021 4:09pm | Edited 4:35pm
Quoting OBsayMkMoney
114 EOY? Out longs at on second test.
excuse me, what does it mean EOY? End of year?
  • #84,337
  • Dec 30, 2021 5:17pm Dec 30, 2021 5:17pm
Hope you guys are considering it while hammering usdjpy longs....

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COT: The precious data ignored
  • #84,338
  • Edited 1:31pm Jan 3, 2022 8:32am | Edited 1:31pm
Might see some rotation out of stocks into the 10 year around 1.6%

Should drive usd/jpy down.

Still waiting on a pullback.
"A true speculator tries the market small." - Jesse Livermore
  • #84,339
  • Jan 3, 2022 1:45pm Jan 3, 2022 1:45pm
Short term chart for scalping and weekly chart for overall trend.

Long term chart is running into some pretty major resistance.
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"A true speculator tries the market small." - Jesse Livermore
  • #84,340
  • Jan 3, 2022 9:25pm Jan 3, 2022 9:25pm
A lot of shorts probably being stopped here. So going to take a shot at going short myself lol. I'll put a stop around 116.15 or so.

There's a daily gap on Oanda @ 112.75 let's see if this is a move to wipe out shorts before headed to cover that.
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