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USD/JPY Discussion

  • #84,341
  • Jan 3, 2022 11:10pm Jan 3, 2022 11:10pm
Quoting forexguy516
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.
yes, I'm a bit biased to wanting a pullback on real volume

I'm short currently. I tell myself all Yen pairs can get wild so I'm trying to stay cautious being short
  • #84,342
  • Jan 4, 2022 12:57am Jan 4, 2022 12:57am
got my chart marked 10 months back , ok still to go up for 118.65 +. take care , fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #84,343
  • Edited 9:25am Jan 4, 2022 9:07am | Edited 9:25am
Quoting RideTheWave
{quote} yes, I'm a bit biased to wanting a pullback on real volume I'm short currently. I tell myself all Yen pairs can get wild so I'm trying to stay cautious being short
Market seems extremely complacent, but I'd be very careful shorting it.

The levels this could drop to from here could wipe people out depending on their leverage.

I'm extremely bullish UJ but it's just wayyy overbought.
"A true speculator tries the market small." - Jesse Livermore
  • #84,344
  • Jan 4, 2022 9:46am Jan 4, 2022 9:46am
Still sticking with my call for a 10% correction in the stock market and a rotation into bonds at 1.6%

At least a 150 pip correction in UJ.
"A true speculator tries the market small." - Jesse Livermore
  • #84,345
  • Jan 4, 2022 10:11am Jan 4, 2022 10:11am
Quoting COGSx86
Every year for the past decade USDJPY corrects a large percentage in the final few days of the year. Most years continues for a nice correction. Stay patient. US03m pulling above .07 Market is moving similar to 2017 into 2018, presidents 2nd year. As well as 2018 moving into 2019 We should see a large correction with USDJPY, I Was Bullish but with the FEDs tapering, short term rates spiking, and Bezos, Elon and many others dumping stock. The markets hesitation will have a hard time maintaining its momentum, IMO. And we can't forget about the 50...
Starting to think that you are in a time machine. Your calls have been 1 to 2 weeks early recently.


TA has a high probability 120 in it's grasp on the weekly and monthly. I think we just finished wave 3 for that and are dropping into wave 4.
Don't compare your trades to others. Most often the masses are the asses
  • #84,346
  • Jan 4, 2022 6:38pm Jan 4, 2022 6:38pm
Looks like a wedge forming.
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"A true speculator tries the market small." - Jesse Livermore
  • #84,347
  • Edited 4:56pm Jan 5, 2022 4:16pm | Edited 4:56pm
Pretty sure that bounce today was short covering on the adp number.

I know I closed my short position and went long.

Probably re-open short around 116.25.

I expect Asia and Europe to drive UJ down.

Coulda closed my short up about 2k earlier on but I was risking the houses money on the adp report.
"A true speculator tries the market small." - Jesse Livermore
  • #84,348
  • Jan 6, 2022 8:09am Jan 6, 2022 8:09am
See you around 99/104
COT: The precious data ignored
  • #84,349
  • Jan 6, 2022 8:46am Jan 6, 2022 8:46am
Waiting on ISM to come out.
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"A true speculator tries the market small." - Jesse Livermore
  • #84,350
  • Edited 3:06pm Jan 6, 2022 9:07am | Edited 3:06pm
Looking at 115.

Funny to watch U.S. traders bid this up just to get crushed by Asia and Europe.

Don't even pay attention to s/r or market rotation.
"A true speculator tries the market small." - Jesse Livermore
  • #84,351
  • Jan 6, 2022 6:48pm Jan 6, 2022 6:48pm
Quoting Jgcole83
Looking at 115. Funny to watch U.S. traders bid this up just to get crushed by Asia and Europe. Don't even pay attention to s/r or market rotation.
Rates are up. Good for USDJPY. Just feels like a FOMO trap for slow bulls. Still learning the Yen personality I guess. I myself want a good dip before I’m confident again. Unless the Black Friday plunge was that dip I wanted.
  • #84,352
  • Jan 7, 2022 3:15pm Jan 7, 2022 3:15pm
Watching 115.30 and 114.75 for buys next week.
"A true speculator tries the market small." - Jesse Livermore
  • #84,353
  • Jan 10, 2022 4:35am Jan 10, 2022 4:35am
If we break support we're heading to 114.75.

Wedge on the 4hr chart.
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"A true speculator tries the market small." - Jesse Livermore
  • #84,354
  • Jan 10, 2022 9:37am Jan 10, 2022 9:37am
Counting recent high as daily Wave 3. Wave 4 target 111 area. As wave 2 was flat and corrective looking for it to pop up from 4 on news. Then on to 118-120.
From there,
Quoting kuroro001
See you around 99/104
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Don't compare your trades to others. Most often the masses are the asses
  • #84,355
  • Jan 10, 2022 9:44am Jan 10, 2022 9:44am
Quoting OBsayMkMoney
Counting recent high as daily Wave 3. Wave 4 target 111 area. As wave 2 was flat and corrective looking for it to pop up from 4 on news. Then on to 118-120. From there, {quote} {image}
Daily and weekly charts are great for wave theory.
"A true speculator tries the market small." - Jesse Livermore
  • #84,356
  • Jan 10, 2022 12:45pm Jan 10, 2022 12:45pm
Starting to see some buy signals, but I'm holding off to see if we get a final push to 114.75.
Attached Image(s) (click to enlarge)
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"A true speculator tries the market small." - Jesse Livermore
  • #84,357
  • Jan 10, 2022 2:15pm Jan 10, 2022 2:15pm
Quoting Jgcole83
Starting to see some buy signals, but I'm holding off to see if we get a final push to 114.75. {image} {image}
It seem will never go up again
  • #84,358
  • Jan 11, 2022 4:52am Jan 11, 2022 4:52am
15m 200 ema ahead and 1 hr 200 ema also. All at same price 115.45. Not sure will go more up for now
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  • #84,359
  • Jan 11, 2022 6:57am Jan 11, 2022 6:57am
Short 15m wxy.

Watching 115.2 for support, but not counting on it.
4hr appears to show us in wave 4 going to 5 w support at 114.75
Don't compare your trades to others. Most often the masses are the asses
  • #84,360
  • Jan 11, 2022 7:16am Jan 11, 2022 7:16am
SHORT until we are below R
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Trendlines H1,H4, SMC
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