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USD/JPY Discussion

  • #84,581
  • Mar 5, 2022 10:41am Mar 5, 2022 10:41am
I'm waiting to see if Biden sanctions Russian oil.

If he does that I'll be shorting every major bounce in UJ.
"A true speculator tries the market small." - Jesse Livermore
  • #84,582
  • Mar 5, 2022 12:28pm Mar 5, 2022 12:28pm
i think shorting uj against the 115 is worth the risk
  • #84,583
  • Mar 5, 2022 3:50pm Mar 5, 2022 3:50pm
Possibilities. Made some changes
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Don't compare your trades to others. Most often the masses are the asses
  • #84,584
  • Mar 5, 2022 4:40pm Mar 5, 2022 4:40pm
Quoting OBsayMkMoney
Possibilities. Made some changes {image}
If we can't hold 114.65 I'm actually watching 114.20/114.14.

Just happens to be 100 day ema.
"A true speculator tries the market small." - Jesse Livermore
  • #84,585
  • Mar 6, 2022 2:46pm Mar 6, 2022 2:46pm
USDJPY market operation is in a bullish mode. On the daily time frame, USDJPY price action retested the 115.30/116.34 daily supply zone (magenta) several times but could not breach it northwards. Presently, it is below the 116.34/115.30 daily supply zone (magenta). Further southward drive of price action may expose the 113.00/112.55 daily demand zone (blue).

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #84,586
  • Mar 6, 2022 2:48pm Mar 6, 2022 2:48pm
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #84,587
  • Mar 6, 2022 3:13pm Mar 6, 2022 3:13pm
We bounced around in this zone for a while last time.

I'm waiting for some conformation before I buy here.
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"A true speculator tries the market small." - Jesse Livermore
  • #84,588
  • Mar 6, 2022 4:21pm Mar 6, 2022 4:21pm
If we don't hold 114.65 next level is the 100 day ema at 114.14, but major support comes in at 113.67.
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"A true speculator tries the market small." - Jesse Livermore
  • #84,589
  • Mar 6, 2022 9:12pm Mar 6, 2022 9:12pm
Careful Bears... If you are going to get in, it will have to be before or around Friday's low otherwise you risk being trapped for a bit IMO. 15 M chart showing a possible wave 4 completing, meaning we take out the previous low for wave 5 before returning north for a bit. Watching 114.3 area for the end of wave 5 followed by some bullish ABC action. C should end around Thurs night EST.

No news until Wed, so this should be fun.
Don't compare your trades to others. Most often the masses are the asses
  • #84,590
  • Mar 7, 2022 2:32am Mar 7, 2022 2:32am
USDJPY seems to be choppy in the H4 chart. However, the H1 chart suggests that the pair is gaining some bearish momentum. If it ends up making a breakout at the support 114.650, the sellers may find some opportunities to go short in the pair.
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  • #84,591
  • Mar 7, 2022 2:43am Mar 7, 2022 2:43am
Quoting OBsayMkMoney
Then {image} Now {image} 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. {image}

Short

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Don't compare your trades to others. Most often the masses are the asses
  • #84,592
  • Edited 2:04pm Mar 7, 2022 12:57pm | Edited 2:04pm
Unless this is gonna breakout which I find unlikely right now.

This probably isn't gonna go beyond 115.66 which is the top of the triangle formation on the daily chart.

Back and forth price action is pretty nutty right now and I don't trust this at all considering its a risk off day and the markets are tanking.
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"A true speculator tries the market small." - Jesse Livermore
  • #84,593
  • Mar 8, 2022 9:13am Mar 8, 2022 9:13am
Quoting ForexGoose
{image} {image}
both are bullish
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #84,594
  • Mar 8, 2022 9:38am Mar 8, 2022 9:38am
There's some pretty major consolidation on the daily chart.

I've been bullish uj but there are a couple things that worry me.

Oil prices going higher and the federal reserves ability to control inflation are the two big things.

Could push us into recession.
"A true speculator tries the market small." - Jesse Livermore
  • #84,595
  • Mar 8, 2022 2:07pm Mar 8, 2022 2:07pm
Quoting OBsayMkMoney
{quote} Short {image}
Back to X,
Adding short{s}
At end of day that is. Another lift incoming.
Don't compare your trades to others. Most often the masses are the asses
  • #84,596
  • Mar 8, 2022 2:21pm Mar 8, 2022 2:21pm
This is kinda an interesting show me study that comes with Tradestation.

Just posting this for fun.
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"A true speculator tries the market small." - Jesse Livermore
  • #84,597
  • Mar 8, 2022 2:45pm Mar 8, 2022 2:45pm
Triple top btw.
"A true speculator tries the market small." - Jesse Livermore
  • #84,598
  • Edited 4:19am Mar 9, 2022 3:22am | Edited 4:19am
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Trendlines H1,H4, SMC
  • #84,599
  • Mar 9, 2022 8:24am Mar 9, 2022 8:24am
update

R has not been overcome
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Trendlines H1,H4, SMC
  • #84,600
  • Mar 9, 2022 4:36pm Mar 9, 2022 4:36pm
I'd be very careful being long here.

Tomorrow could be a rough day.
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"A true speculator tries the market small." - Jesse Livermore
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