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USD/JPY Discussion

  • #84,401
  • Jan 18, 2022 6:30am Jan 18, 2022 6:30am
post cancelled. wrong thread to post
Did you place your stop loss order? Why not?!? Story of my life...
  • #84,402
  • Jan 18, 2022 8:36am Jan 18, 2022 8:36am
Quoting OBsayMkMoney
{quote} Stop moved into wave 1 area.
Caught it. Now to analyze why I was early.
Don't compare your trades to others. Most often the masses are the asses
  • #84,403
  • Jan 18, 2022 10:33am Jan 18, 2022 10:33am
This pair will continue to drop tomorrow. Be ready to take the ride down.
Executing trades with precision!!
  • #84,404
  • Jan 18, 2022 11:05am Jan 18, 2022 11:05am
Quoting Learner-xx
This pair will continue to drop tomorrow. Be ready to take the ride down.
I would have disagreed a couple hours ago

but there is a lot of Put volume on the SPY. Like a lot. All coming in the last hour. On the Russel too.

I know sp500 and USDJPY don’t track every move together. But it’s not a good sign regardless.

even if ten year yield shot to 2.5%, the initial jerk would probably liquidate a lot of USDJPY longs short term. I feel like stocks are gonna tank hard and fast (no doomsday stuff, just a big unwind)

good luck to you. I’ll probably trim my yen shorts

EDIT: I’m not saying the puts on spy mean the ten year goes to 2.5%. Just thinking of scenarios in my noggin
  • #84,405
  • Edited 1:00pm Jan 18, 2022 11:51am | Edited 1:00pm
Price action in UJ is kinda wonky right now considering dollar futures are up. 60% and yen futures are down .41%.

Just indiscriminate selling really.

Looks like smart money is bidding up the dollar.

What's different about today is when the markets down like it is today traders typically move into yen futures and they're not.

They're selling the yen.

Makes me kinda think they're gonna buy into the selling.
"A true speculator tries the market small." - Jesse Livermore
  • #84,406
  • Jan 18, 2022 1:57pm Jan 18, 2022 1:57pm
Will jump in here .. both the JPY and the USD are strong and trending together .. this is currency movement 101 .. there is no USDJPY direction trend trade when 2 currencies are behaving the same

Find something where the currencies are moving in opposite directions and that is your trade such EURJPY

Look at the chart charts carefully and you will see just follow first principles of the currency causing the pair to move .. HTH
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  • #84,407
  • Jan 18, 2022 2:03pm Jan 18, 2022 2:03pm
Quoting SyntaxError
Will jump in here .. both the JPY and the USD are strong and trending together .. this is currency movement 101 .. there is no USDJPY direction trend trade when 2 currencies are behaving the same Find something where the currencies are moving in opposite directions and that is your trade such EURJPY Look at the chart charts carefully and you will see just follow first principles of the currency causing the pair to move .. HTH {image} {image} {image} {image} {image}
The dollar is strong the yen is extremely weak.

This is just today.

Yens been in a free fall for a long time.
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"A true speculator tries the market small." - Jesse Livermore
  • #84,408
  • Edited 2:25pm Jan 18, 2022 2:14pm | Edited 2:25pm
Looking for a possible double bottom off support for a buy.

Outlook for me is the same.

Only looking for buys.
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"A true speculator tries the market small." - Jesse Livermore
  • #84,409
  • Jan 18, 2022 7:38pm Jan 18, 2022 7:38pm
Price return zones
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We err, and err, and err again, but less.
  • #84,410
  • Jan 18, 2022 11:39pm Jan 18, 2022 11:39pm
♫99 problems and UJ ain't one♫
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We err, and err, and err again, but less.
  • #84,411
  • Jan 19, 2022 2:48am Jan 19, 2022 2:48am
Bought at 114.437 SL 114.228 TP 114.646
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  • #84,412
  • Jan 19, 2022 5:16am Jan 19, 2022 5:16am
Quoting irfanlodhi
For me long buy position will start from 1.1212 will shoot to 1.1800
Be Ready for 200 Pips Down
  • #84,413
  • Jan 19, 2022 4:05pm Jan 19, 2022 4:05pm
Good evening for All,

i opened long postion beacuse:
- we made 50% retracement from last move up over 115,
- 10YUSBonds are still risinng ( they are selling ) evene today had small correction,
- i think tmr WallStreet will bounce up,
- point where we are now give very good RR opportunity,

My SL is 113.89, TP open (at least 115.50)

Green pips for ALL!
Everyone makes mistakes, but only few use equity management.
  • #84,414
  • Jan 19, 2022 7:31pm Jan 19, 2022 7:31pm
Just waiting for a retest of 113.48 to buy.
"A true speculator tries the market small." - Jesse Livermore
  • #84,415
  • Jan 20, 2022 2:31am Jan 20, 2022 2:31am
Sold at 114.344 SL 114.494 TP 114.194
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  • #84,416
  • Edited 8:34am Jan 20, 2022 7:58am | Edited 8:34am
In at 114.

Might be a little bit early

If the overall market bounces off support this could be a good entry.
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"A true speculator tries the market small." - Jesse Livermore
  • #84,417
  • Jan 20, 2022 9:57am Jan 20, 2022 9:57am
https://www.fxstreet.com/news/outloo...b-202201200820

Quote
Next 1-3 weeks: “Our latest narrative was from Monday (17 Jan, spot at 114.30) where we held the view that the prospect for further USD weakness is not high. USD subsequently soared above our ‘strong resistance’ level of 114.75 (high of 115.05) before dropping back down quickly. The choppy price actions have resulted in a mixed outlook and USD could trade within a range of 113.70/115.25 for now.”

Bought at 114, stop loss under 113.7, take profit 115.5+
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #84,418
  • Jan 20, 2022 10:37am Jan 20, 2022 10:37am
I bet we end up getting a cup and handle pattern on the daily chart here in the next month.

If we get that the PA could lead to 118 +
"A true speculator tries the market small." - Jesse Livermore
  • #84,419
  • Jan 20, 2022 12:28pm Jan 20, 2022 12:28pm
It looks like USDJPY-1min is slowly climbing back, could be very nice day !
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  • #84,420
  • Edited 6:36pm Jan 20, 2022 5:25pm | Edited 6:36pm
Not touching this until 113.50

Futures tanked at close and are still tanking.

Not gonna stand in the way of this sell-off
"A true speculator tries the market small." - Jesse Livermore
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