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USD/JPY Discussion

  • #84,481
  • Feb 5, 2022 2:16am Feb 5, 2022 2:16am
The pair produced two bullish candles in the daily chart consecutively. A bearish corrective candle followed by a bullish reversal candle may push the price towards the North. The resistance looks strong, thus buyers are to very cautious to set their take profit above the last swing high. Since the pair closed its trading week right at the resistance, it may end up producing a Double Top there as well.
  • #84,482
  • Feb 5, 2022 2:22am Feb 5, 2022 2:22am
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  • #84,483
  • Feb 5, 2022 2:25am Feb 5, 2022 2:25am
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  • #84,484
  • Feb 5, 2022 9:47am Feb 5, 2022 9:47am
Quoting OBsayMkMoney
{quote} Hit 38...{image}

Yay. Looks like we get to do it all again. Tp on my second n third trades at the turn. main one looking less pretty now, but still holding.
Don't compare your trades to others. Most often the masses are the asses
  • #84,485
  • Feb 10, 2022 11:28am Feb 10, 2022 11:28am
I’m bearish yen near term

usdjpy at least
  • #84,486
  • Feb 11, 2022 2:15am Feb 11, 2022 2:15am
Quoting RideTheWave
I’m bearish yen near term usdjpy at least
Hey mate, do you mean bearish particularly on YEN, so bullish on USDJPY ? Or other hand around ? thanks.
-._.-
  • #84,487
  • Feb 11, 2022 4:35am Feb 11, 2022 4:35am
#USDJPY / H4
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  • #84,488
  • Feb 11, 2022 10:48am Feb 11, 2022 10:48am
The price is at the level where it had a strong rejection earlier in the daily chart. However, the daily chart shows that it has been bullish and the momentum has been strong. Thus, it may end up making a breakout at the resistance and continue its bullish move.
  • #84,489
  • Feb 11, 2022 1:10pm Feb 11, 2022 1:10pm
Wow what a drop! I got a buy opportunity at 115.02x on the 4HR timeframe. I feel like UJ will go up next week, but I'm keeping an eye out for chances to strengthen my long position on shorter timeframes. Just sharing my thoughts, I will still trade this pair conservatively.
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EDIT: closing immediately with a quick +20 pips due to extreme uncertainty regarding Russia and Ukraine.
Trying my best.
  • #84,490
  • Feb 11, 2022 4:47pm Feb 11, 2022 4:47pm
Quoting darksize
{quote} Hey mate, do you mean bearish particularly on YEN, so bullish on USDJPY ? Or other hand around ? thanks.
hey great catch thank you

yes, meant to say BEARISH USDJPY, and generally bullish yen.

Was in and out of audjpy both sides.
  • #84,491
  • Feb 11, 2022 4:51pm Feb 11, 2022 4:51pm
Closed my shorts and tried to get the bottom today. 115.3 and 115.0 were decent support.

Got a small long again
  • #84,492
  • Feb 13, 2022 8:59pm Feb 13, 2022 8:59pm
Quoting OBsayMkMoney
{quote} Yay. Looks like we get to do it all again. Tp on my second n third trades at the turn. main one looking less pretty now, but still holding.
Yep... Again

Waiting. let's see if my entry gets a hit. Holding OG short, and will stack on pulls. Double 1hr bottom before I see anything interesting IMO

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Don't compare your trades to others. Most often the masses are the asses
  • #84,493
  • Feb 14, 2022 12:12pm Feb 14, 2022 12:12pm
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Trendlines H1,H4, SMC
  • #84,494
  • Edited 6:40am Feb 16, 2022 5:57am | Edited 6:40am
I've placed some shorts also, possible double top? Due for a little pullback anyway. Last week closed well off its highs.
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Get the Lag out
  • #84,495
  • Feb 16, 2022 7:06am Feb 16, 2022 7:06am
Quoting ZeroLag
I've placed some shorts also, possible double top? Due for a little pullback anyway. Last week closed well off its highs. {image}
I'm short too from 115.49. My tp. 112.53.
  • #84,496
  • Feb 16, 2022 10:10am Feb 16, 2022 10:10am
Channel forming and FOMC minutes in a couple hours.

Careful with short positions.
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"A true speculator tries the market small." - Jesse Livermore
  • #84,497
  • Feb 16, 2022 11:29am Feb 16, 2022 11:29am
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Trendlines H1,H4, SMC
  • #84,498
  • Edited 12:52pm Feb 16, 2022 12:14pm | Edited 12:52pm
Pretty much every other yen pair is in the green.

Fundamentally and technically there's no reason for it to be in the red anyway.
"A true speculator tries the market small." - Jesse Livermore
  • #84,499
  • Feb 16, 2022 12:33pm Feb 16, 2022 12:33pm
Quoting Jgcole83
Channel forming and FOMC minutes in a couple hours. Careful with short positions. {image}
Hi Jgcole83,
New here. May I know what is your charting software? It looks awesome.
Thanks,
RS
  • #84,500
  • Edited 12:58pm Feb 16, 2022 12:40pm | Edited 12:58pm
Quoting RisingSun
{quote} Hi Jgcole83, New here. May I know what is your charting software? It looks awesome. Thanks, RS
Thank you!

I use Tradestation for charting and everything outside of forex.
"A true speculator tries the market small." - Jesse Livermore
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