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USD/JPY Discussion

  • #84,361
  • Jan 11, 2022 8:25pm Jan 11, 2022 8:25pm
Long to 115.9
Don't compare your trades to others. Most often the masses are the asses
  • #84,362
  • Jan 11, 2022 10:51pm Jan 11, 2022 10:51pm
It looks short, so short to S
If long, long to R
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Trendlines H1,H4, SMC
  • #84,363
  • Edited 4:27am Jan 12, 2022 3:41am | Edited 4:27am
I won't open positions the night before a major economic press release .

Unless I'm playing with the houses money and feel really confident.

Usually best to close my trades and wait for the economic news to set the tone .

There usually isn't enough volatility to push price one way or another the night before major news.
"A true speculator tries the market small." - Jesse Livermore
  • #84,364
  • Jan 12, 2022 7:28am Jan 12, 2022 7:28am
Quoting OBsayMkMoney
Long to 115.9
Wave count off. 4hr looking more like wave 5 of ABC. Waiting
Don't compare your trades to others. Most often the masses are the asses
  • #84,365
  • Jan 12, 2022 7:55am Jan 12, 2022 7:55am
Not touching this until eod and 114.50 possibly.
"A true speculator tries the market small." - Jesse Livermore
  • #84,366
  • Jan 12, 2022 8:07am Jan 12, 2022 8:07am
stocks are doing poorly after the inflation data, I expect JPY to appreciate
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #84,367
  • Jan 12, 2022 9:05am Jan 12, 2022 9:05am
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}
Buying here and betting it holds support at 114.50 if it goes lower.
"A true speculator tries the market small." - Jesse Livermore
  • #84,368
  • Jan 12, 2022 9:21am Jan 12, 2022 9:21am
#USDJPY
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/ H4
  • #84,369
  • Jan 12, 2022 1:01pm Jan 12, 2022 1:01pm
Half tempted to be super aggressive here, but waiting to see Asia/Europe sessions.
"A true speculator tries the market small." - Jesse Livermore
  • #84,370
  • Jan 12, 2022 1:09pm Jan 12, 2022 1:09pm
Closed my last short near 114.70 Opened long at 114.40

im not crazy confident being really long for whatever reason. Might exit back near 115

rather build and a hold a position 112.50-113.50 area for me to be more confident

got some readings to do
  • #84,371
  • Jan 13, 2022 12:06am Jan 13, 2022 12:06am
Short at 114.405 SL 114.648 TP 115.162
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  • #84,372
  • Jan 13, 2022 2:42am Jan 13, 2022 2:42am
I've opened short position at 114.46. My Tp 114.13, Sl 114.66.
  • #84,373
  • Jan 13, 2022 6:11am Jan 13, 2022 6:11am
Doing some bargain buying.
"A true speculator tries the market small." - Jesse Livermore
  • #84,374
  • Jan 13, 2022 7:08am Jan 13, 2022 7:08am
Quoting captalTrader
Short at 114.405 SL 114.648 TP 115.162 {image}
Sh*t happens
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  • #84,375
  • Jan 13, 2022 7:11am Jan 13, 2022 7:11am
I'm thinking about buying now and putting a stop under 113.9, target profit 115+

I still have a feeling that it could go down further though
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #84,376
  • Jan 13, 2022 7:45am Jan 13, 2022 7:45am
Quoting ForexGoose
I'm thinking about buying now and putting a stop under 113.9, target profit 115+ I still have a feeling that it could go down further though {image}
113.95 is support on the weekly and daily chart.
"A true speculator tries the market small." - Jesse Livermore
  • #84,377
  • Jan 13, 2022 10:51am Jan 13, 2022 10:51am
Ordering my Lambo
Learn, a forex trader must, unlearn and relearn he will.
  • #84,378
  • Jan 14, 2022 6:18am Jan 14, 2022 6:18am
Quoting OBsayMkMoney
{quote} Wave count off. 4hr looking more like wave 5 of ABC. Waiting
Caught it. 113.44 short tp target
buying 113.5 w sl under 113. TP above previous highs.
Don't compare your trades to others. Most often the masses are the asses
  • #84,379
  • Jan 14, 2022 6:23am Jan 14, 2022 6:23am
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...

About those rebuttals....
Don't compare your trades to others. Most often the masses are the asses
  • #84,380
  • Jan 14, 2022 6:32am Jan 14, 2022 6:32am
Quoting ForexGoose
stocks are doing poorly after the inflation data, I expect JPY to appreciate {image}
This makes perfect sense. Which is why I expect UJ to do the opposite. At least at first. The proverbial "shit" hasn't hit the fan yet, so the banks still have time to make some shmula on shorts. To do that they need to drive the price up. Plus.. IMO daily wave 5 needs completing. Bear trap ahead.
Don't compare your trades to others. Most often the masses are the asses
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