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USD/JPY Discussion

  • #84,721
  • Mar 28, 2022 8:26am Mar 28, 2022 8:26am
Sell limit Aj 93.17
sl 30 pips
tp open.
  • #84,722
  • Mar 28, 2022 9:16am Mar 28, 2022 9:16am
Quoting ForexGoose
{quote} Good luck this pair is now in a bull trend
You see the sell is active
  • #84,723
  • Mar 28, 2022 9:46am Mar 28, 2022 9:46am
Im selling too from 124.95 my medium target will be 117 partial taking at 120, lets see how it works
edit stop @ 124.50 risk free Trade
People don't plan to lose. They lose because they don't plan.
  • #84,724
  • Mar 28, 2022 10:27am Mar 28, 2022 10:27am
Till day close We can see nice pin bar @D1 TF that can indicate more sellers and we can fall hard tomarrow but we must wait for day close to see that, cheers!
People don't plan to lose. They lose because they don't plan.
  • #84,725
  • Mar 28, 2022 10:51am Mar 28, 2022 10:51am
Quoting ScalaFX
Till day close We can see nice pin bar @D1 TF that can indicate more sellers and we can fall hard tomarrow but we must wait for day close to see that, cheers!
I agree. Also waiting for an upshoot if any to reload sell
  • #84,726
  • Mar 28, 2022 10:52am Mar 28, 2022 10:52am
It was kinda odd that there was high volume until we hit 123.15 and then on no volume this pushed to 125.10 and then reversed to 123.30 on almost no volume.

Hmmm.....

200 pip swings on no volume......
"A true speculator tries the market small." - Jesse Livermore
  • #84,727
  • Mar 28, 2022 10:57am Mar 28, 2022 10:57am
Quoting ScalaFX
Im selling too from 124.95 my medium target will be 117 partial taking at 120, lets see how it works edit stop @ 124.50 risk free Trade
I'm looking for 50% retracement of this leg up which puts at us right around 120.
"A true speculator tries the market small." - Jesse Livermore
  • #84,728
  • Mar 28, 2022 11:00am Mar 28, 2022 11:00am
Quoting Jgcole83
{quote} I'm looking for 50% retracement of this leg up which puts at us right around 120.
Yes! Thats my half profit taking area, 61% will be at 117 trade safe!
People don't plan to lose. They lose because they don't plan.
  • #84,729
  • Edited 1:36pm Mar 28, 2022 11:16am | Edited 1:36pm
Quoting ForexGoose
{quote} This is my new chart. {image} Target is 130+ medium term. I will buy all dips on the daily chart and put a stop loss under 118.3. {image}
I'd be careful considering how far away price is from the ema's on the long term charts.

50, 100, 200 day ema's, weekly support being at 116.54, rsi screaming overbought on the long term charts.

Just to even make trading UJ manageable I'm trading 1/8 of what I would normally be trading because of the volatility.

Side Note: Irrational exuberance is a solid indicator we're getting toppy.

Just like everyone being overly pessimistic and wild bouts of selling are good indicators of bottoms.
"A true speculator tries the market small." - Jesse Livermore
  • #84,730
  • Mar 28, 2022 1:44pm Mar 28, 2022 1:44pm
Quoting Whale
Sell limit Aj 93.17 sl 30 pips tp open.
Same here, shorted on recover at 93.40. Finally it went well
  • #84,731
  • Mar 28, 2022 2:00pm Mar 28, 2022 2:00pm
Quoting ScalaFX
Im selling too from 124.95 my medium target will be 117 partial taking at 120, lets see how it works edit stop @ 124.50 risk free Trade
I was on it but I missed the last spike and was too scared to enter on retrace at 124.80. Well... I was in but I closed immediately

Attached Image (click to enlarge)
Click to Enlarge Name: lösch22.jpg Size: 35 KB

Quoting ScalaFX
Yes! Thats my half profit taking area, 61% will be at 117 trade safe!
I go for 38% first...

@Jgcole83: Thanks for sharing.
  • #84,732
  • Mar 28, 2022 6:46pm Mar 28, 2022 6:46pm
Still looks very bullish. It didn’t even pullback on the daily chart from the 125 level.
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #84,733
  • Mar 29, 2022 8:02am Mar 29, 2022 8:02am
Quoting ScalaFX
Im selling too from 124.95 my medium target will be 117 partial taking at 120, lets see how it works edit stop @ 124.50 risk free Trade
Locking more profit SL @ 124
People don't plan to lose. They lose because they don't plan.
  • #84,734
  • Mar 29, 2022 8:15am Mar 29, 2022 8:15am
Quoting ForexGoose
Still looks very bullish. It didn’t even pullback on the daily chart from the 125 level.
waiting for the buy limit order
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_2022-03-29_09-14-44.png Size: 123 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #84,735
  • Mar 29, 2022 9:16am Mar 29, 2022 9:16am
Quoting ForexGoose
{quote} waiting for the buy limit order {image}
Something to note about trading the fx market is it generally will make a move and almost always correct and re-test previous support or resistance.

It's mostly made up of corrections and re-tests and it's very rare for it to trend so hard.

If you're patient and manage leverage properly you can get out at no or very little loss.

The other thing is when placing a buy order I always look for a minimum of 50% retracement .

I don't place buy orders at 61% because everyone uses that and places their buy orders right above it.
"A true speculator tries the market small." - Jesse Livermore
  • #84,736
  • Mar 29, 2022 10:12am Mar 29, 2022 10:12am
Quoting ForexGoose
{quote} waiting for the buy limit order {image}
Yours buy limit is active already, good luck and many pips!
People don't plan to lose. They lose because they don't plan.
  • #84,737
  • Mar 29, 2022 10:21am Mar 29, 2022 10:21am
Quoting ScalaFX
{quote} Yours buy limit is active already, good luck and many pips!
Hope your sell is piping you so much pips mate?
  • #84,738
  • Mar 29, 2022 10:40am Mar 29, 2022 10:40am
Quoting Nd10
{quote} Hope your sell is piping you so much pips mate?
Im very happy from this, I catched the top already safe SL at 124 so locked almost 100 pips, ready to take more
People don't plan to lose. They lose because they don't plan.
  • #84,739
  • Mar 29, 2022 10:58am Mar 29, 2022 10:58am
Quoting ScalaFX
{quote} Im very happy from this, I catched the top already safe SL at 124 so locked almost 100 pips, ready to take more
Yes you did. Exited yesterday at 100 pips and hoped for at least 50% retracement to reenter sell but it didn't happen. Happy for you
  • #84,740
  • Mar 29, 2022 11:42am Mar 29, 2022 11:42am
Quoting Nd10
{quote} Yes you did. Exited yesterday at 100 pips and hoped for at least 50% retracement to reenter sell but it didn't happen. Happy for you
I think if price can take 122 that to 118 can be very fast ride, Im hoping for that, green pips to you Men!
People don't plan to lose. They lose because they don't plan.
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