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USD/JPY Discussion

  • #84,381
  • Edited 3:44pm Jan 14, 2022 3:14pm | Edited 3:44pm
Im long strong and down to get the friction on!

Extremely bullish price action and bull hammer on the daily chart.

Nice channel to trade in on the daily chart instead of a wedge.

Have a good weekend everyone!
"A true speculator tries the market small." - Jesse Livermore
  • #84,382
  • Jan 14, 2022 4:55pm Jan 14, 2022 4:55pm
Quoting Jgcole83
Im long strong and down to get the friction on! Extremely bullish price action and bull hammer on the daily chart. Nice channel to trade in on the daily chart instead of a wedge. Have a good weekend everyone!
same. Excellent price action. Trimmed a little of my long at close I built up but I’m most bullish Iv been for a little while. Big selling on for the increasing rate hike bets (bought the rumor then selling the news looks like). US10 still close to 1.8%

UJ bore through the low volume run up I was looking out for banks to re-up their longs under 114.
  • #84,383
  • Jan 15, 2022 6:34am Jan 15, 2022 6:34am
For me long buy position will start from 1.1212 will shoot to 1.1800
  • #84,384
  • Jan 16, 2022 10:07am Jan 16, 2022 10:07am
Careful.. short term trap ahead. I see the market opening w a little up movement before it takes out this recent low for a wave 5 of ABC. this move up was wave 4 IMO. Once this last dip down is done.. onward. imo
Don't compare your trades to others. Most often the masses are the asses
  • #84,385
  • Edited 1:10pm Jan 16, 2022 12:32pm | Edited 1:10pm
We have higher highs and higher lows for tops and bottoms on the daily chart.

In order for the overall trend to even be considered to be changed it needs to take out the November low of 112.53.

Look at last year's PA.

Pulled back to 107.48 when we got an actual correction and then never touched it again.
"A true speculator tries the market small." - Jesse Livermore
  • #84,386
  • Edited 10:40pm Jan 16, 2022 10:07pm | Edited 10:40pm
Long term I'm eyeing 117.12.
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"A true speculator tries the market small." - Jesse Livermore
  • #84,387
  • Jan 16, 2022 10:32pm Jan 16, 2022 10:32pm
Currently holding onto my longs from 114.15x that I took near the end of last week, SL at 112.5xx and open TP. On D1 chart, UJ feels bullish ahead, and this seems to align with all the news concerning USD at the moment. I'll be keeping my eyes and ears open for anything amiss this week though. Just my thinking out loud as I try to make sense of my chart
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Trying my best.
  • #84,388
  • Jan 17, 2022 2:45am Jan 17, 2022 2:45am
Sold at 114.397 SL 114.511 TP 114.258
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  • #84,389
  • Jan 17, 2022 7:43am Jan 17, 2022 7:43am
Quoting captalTrader
Sold at 114.397 SL 114.511 TP 114.258 {image}
Stoploss hit
  • #84,390
  • Jan 17, 2022 7:45am Jan 17, 2022 7:45am
Bought 114.526 SL 114.452 TP 114.606
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  • #84,391
  • Jan 17, 2022 9:38am Jan 17, 2022 9:38am
Quoting OBsayMkMoney
Careful.. short term trap ahead. I see the market opening w a little up movement before it takes out this recent low for a wave 5 of ABC. this move up was wave 4 IMO. Once this last dip down is done.. onward. imo
Forgot today was a US holiday.
Don't compare your trades to others. Most often the masses are the asses
  • #84,392
  • Jan 17, 2022 9:41am Jan 17, 2022 9:41am
Quoting captalTrader
Sold at 114.397 SL 114.511 TP 114.258 {image}
You trade 1m chart? How terrifying. you must really enjoy adrenaline.
Don't compare your trades to others. Most often the masses are the asses
  • #84,393
  • Jan 17, 2022 11:43am Jan 17, 2022 11:43am
Quoting OBsayMkMoney
{quote} You trade 1m chart? How terrifying. you must really enjoy adrenaline.
No I don't use charts
  • #84,394
  • Jan 17, 2022 12:06pm Jan 17, 2022 12:06pm
Quoting captalTrader
{quote} No I don't use charts
Most profitable fx trader's in the world are trend traders not scalpers.

Just something for you to chew on.
"A true speculator tries the market small." - Jesse Livermore
  • #84,395
  • Jan 17, 2022 12:39pm Jan 17, 2022 12:39pm
Quoting Jgcole83
{quote} Most profitable fx trader's in the world are trend traders not scalpers. Just something for you to chew on.
I don't scalp.

Where can I find just one of these profitable traders?

I'll chew on it
  • #84,396
  • Jan 17, 2022 1:06pm Jan 17, 2022 1:06pm
Usdjpy is extremely bearish.
Sold at 114.52 sl 114.75 tp 113.40
  • #84,397
  • Jan 17, 2022 9:05pm Jan 17, 2022 9:05pm
Buying pullbacks aggressively at this point
"A true speculator tries the market small." - Jesse Livermore
  • #84,398
  • Jan 17, 2022 9:06pm Jan 17, 2022 9:06pm
Quoting OBsayMkMoney
Careful.. short term trap ahead. I see the market opening w a little up movement before it takes out this recent low for a wave 5 of ABC. this move up was wave 4 IMO. Once this last dip down is done.. onward. imo
Perhaps now?

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Don't compare your trades to others. Most often the masses are the asses
  • #84,399
  • Edited Jan 18, 2022 8:35am Jan 17, 2022 10:21pm | Edited Jan 18, 2022 8:35am
Quoting OBsayMkMoney
{quote} Perhaps now? {image}
Stop moved into wave 1 area.
Don't compare your trades to others. Most often the masses are the asses
  • #84,400
  • Jan 18, 2022 3:55am Jan 18, 2022 3:55am
Long UY at 114.5x tp open
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