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USD/JPY Discussion

  • #84,561
  • Feb 28, 2022 2:48pm Feb 28, 2022 2:48pm
Quoting Jgcole83
If UJ can't hold 115.15 we are gonna re-test 114.50. {image}
I like your candles, how can I get it too??
Trendlines H1,H4, SMC
  • #84,562
  • Feb 28, 2022 3:03pm Feb 28, 2022 3:03pm
this pic looks better
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Trendlines H1,H4, SMC
  • #84,563
  • Feb 28, 2022 3:08pm Feb 28, 2022 3:08pm
Quoting josip
{quote} I like your candles, how can I get it too??
Renko and range bars come as part of the platform with tradestation.

Not sure what platform you use but I know mt4/5 have some add-ons you can download.
"A true speculator tries the market small." - Jesse Livermore
  • #84,564
  • Feb 28, 2022 7:42pm Feb 28, 2022 7:42pm
Price action look familiar?
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"A true speculator tries the market small." - Jesse Livermore
  • #84,565
  • Feb 28, 2022 9:05pm Feb 28, 2022 9:05pm
Quoting OBsayMkMoney
{quote} 15M popped as predicted then continued down. 15m - 1hr appear bearish to me. 4hr Neutral, with a bearish lean. Only daily weekly and monthly remain bullish, and will in my opinion finish up around 120-122. 115.15 paused us as I thought it might. We continue to 114.5 now. IF 114.5 breaks we should see 113.6 to finish off the Y. If however 114.5 holds 115.15 will be my target to form the A of a downward ABC If 115.15 breaks to the upside I will then have eyes on 115.65-75 target for an X Z formation. Long to either of these, then short to...


115.15 has 1 more hit to take...
Don't compare your trades to others. Most often the masses are the asses
  • #84,566
  • Mar 1, 2022 1:55am Mar 1, 2022 1:55am
update

if we break S, I expect the price closer to s1
consolidation maybe between S - R
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Trendlines H1,H4, SMC
  • #84,567
  • Mar 1, 2022 10:40am Mar 1, 2022 10:40am
People with blind buy orders at 114.75 where there is no support are probably gonna get washed out today/tonight.
"A true speculator tries the market small." - Jesse Livermore
  • #84,568
  • Mar 1, 2022 10:46am Mar 1, 2022 10:46am
Most buy orders are around 114.50.
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"A true speculator tries the market small." - Jesse Livermore
  • #84,569
  • Mar 1, 2022 11:46am Mar 1, 2022 11:46am
I wonder how this wedge will turn out
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Trendlines H1,H4, SMC
  • #84,570
  • Mar 2, 2022 3:00am Mar 2, 2022 3:00am
update
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Trendlines H1,H4, SMC
  • #84,571
  • Mar 2, 2022 9:29am Mar 2, 2022 9:29am
Quoting OBsayMkMoney
{quote} 115.15 has 1 more hit to take...
Back to the X? Perhaps
Don't compare your trades to others. Most often the masses are the asses
  • #84,572
  • Mar 2, 2022 10:45am Mar 2, 2022 10:45am
#USDJPY / H4
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  • #84,573
  • Mar 3, 2022 11:42am Mar 3, 2022 11:42am
Just buying and selling extremes within the triangle formation.

Waiting for a breakout and a test of 118.
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"A true speculator tries the market small." - Jesse Livermore
  • #84,574
  • Mar 3, 2022 11:50am Mar 3, 2022 11:50am
and my view

we are close to R, if we stay in white channel, we can go higher
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Trendlines H1,H4, SMC
  • #84,575
  • Mar 3, 2022 12:57pm Mar 3, 2022 12:57pm
If it can hold 115.35ish I'd buy this bull flag.

Could re-test 115.80 or even 116 tomorrow on good news.
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"A true speculator tries the market small." - Jesse Livermore
  • #84,576
  • Mar 3, 2022 1:07pm Mar 3, 2022 1:07pm
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Learn from your mistakes and march on.
  • #84,577
  • Mar 3, 2022 1:08pm Mar 3, 2022 1:08pm
First S
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Trendlines H1,H4, SMC
  • #84,578
  • Edited 1:02pm Mar 4, 2022 12:30pm | Edited 1:02pm
Then

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Now
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Long at US close to 115.15 area then on down for the Y.(BULL TRAP) If you are stuck long you can get out there with less pain IMO although I need to point out it is going to get uglier before it gets less painful. We are just finishing wave three to the downside. Wave 5 will take us lower than this previous low before we ABC retrace back up to 115.

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Don't compare your trades to others. Most often the masses are the asses
  • #84,579
  • Edited 3:56pm Mar 4, 2022 1:06pm | Edited 3:56pm
I'm not touching this until eod and maybe not even then.

Price has been bouncing around inside a triangle formation on the daily chart and buyers have stepped in at the 50 day ema.

If it can hold that I might buy at eod.

Probably wait to buy until market open on Sunday just to be safe.
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"A true speculator tries the market small." - Jesse Livermore
  • #84,580
  • Mar 5, 2022 1:32am Mar 5, 2022 1:32am
The pair made a strong bearish move to end its trading week. The level of 114.700 seems to hold the price as a level of support. The price reacted at this level earlier. Thus, the sellers may have to wait for a bearish breakout to go short in the pair. A bullish reversal pattern may push the price towards the North.
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