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USD/JPY Discussion

  • #84,801
  • Apr 5, 2022 5:00am Apr 5, 2022 5:00am
122.3 area is strong at the moment. Maybe this can push the price towards 124...
  • #84,802
  • Apr 5, 2022 6:50am Apr 5, 2022 6:50am
Quoting ScalaFX
{quote} Still holding and added some, waiting to decent drop
Me too. 12150 maybe.
  • #84,803
  • Apr 5, 2022 7:20am Apr 5, 2022 7:20am
Quoting mehedi529
{quote} Me too. 12150 maybe.
I will be holding this shorts for some more, I think 116 or 114, I belive 125 was the top
People don't plan to lose. They lose because they don't plan.
  • #84,804
  • Apr 5, 2022 7:22am Apr 5, 2022 7:22am
buy every xxx/jpy except eur/jpy
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #84,805
  • Apr 5, 2022 7:39am Apr 5, 2022 7:39am
Quoting ScalaFX
{quote} I think this level not be touch in short term, Im selling further to minimum 120 or 119 and then we can catching bottom to the new hights but I could be wrong, trade safe!
I agree @ short term. I am not trading short term on this one, but looking for high probability trades with low draw down. I no longer have the desire to watch the screens. Rather put in trades and live life.
Don't compare your trades to others. Most often the masses are the asses
  • #84,806
  • Apr 5, 2022 7:44am Apr 5, 2022 7:44am
Quoting ScalaFX
{quote} I will be holding this shorts for some more, I think 116 or 114, I belive 125 was the top
My only issue with this being the high is that there was no pull back followed by a higher high before it turned. It just ran to the edge of the map and then turned. If this is the high and we didn't pull back, we should then see a retest of some sort I would think. Possibly one pushing past the recent high?
Don't compare your trades to others. Most often the masses are the asses
  • #84,807
  • Apr 5, 2022 8:41am Apr 5, 2022 8:41am
Quoting OBsayMkMoney
{quote} My only issue with this being the high is that there was no pull back followed by a higher high before it turned. It just ran to the edge of the map and then turned. If this is the high and we didn't pull back, we should then see a retest of some sort I would think. Possibly one pushing past the recent high?
a pullback is not necessary and if there is one, it will likely be small

the current fundamentals favor a higher usd/jpy

selling will likely be caused by BOJ intervention or maybe a nuclear war
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #84,808
  • Apr 5, 2022 9:22am Apr 5, 2022 9:22am
Quoting fxmasterdxb
123.15 - 123.50 is a great zone to sell, ill start building up my shorts once we get there PS price could overshoot to 123.90, so decent SL is important
Here we go, sell zone activated
  • #84,809
  • Apr 5, 2022 9:27am Apr 5, 2022 9:27am
Quoting fxmasterdxb
{quote} Here we go, sell zone activated
Yes! My last 123.40 not touched Im entrered in hand 123.35, lets see what happend next
edit touched
im placed 123.60 too
People don't plan to lose. They lose because they don't plan.
  • #84,810
  • Apr 5, 2022 9:42am Apr 5, 2022 9:42am
Wait for the two H(s)+125
  • #84,811
  • Apr 5, 2022 9:49am Apr 5, 2022 9:49am
Quoting Ihlas
Wait for the two H(s)+125
Can be
People don't plan to lose. They lose because they don't plan.
  • #84,812
  • Apr 5, 2022 12:44pm Apr 5, 2022 12:44pm
Quoting ForexGoose
{quote} a pullback is not necessary and if there is one, it will likely be small the current fundamentals favor a higher usd/jpy selling will likely be caused by BOJ intervention or maybe a nuclear war
No pull back necessary, and Fundamentals. We trade differently my friend. Luck to you.
Don't compare your trades to others. Most often the masses are the asses
  • #84,813
  • Apr 5, 2022 12:47pm Apr 5, 2022 12:47pm
Quoting ScalaFX
{quote} Yes! My last 123.40 not touched Im entrered in hand 123.35, lets see what happend next edit touched im placed 123.60 too
All positions activated, now only time will tell we are wrong or not, wish all many pips
People don't plan to lose. They lose because they don't plan.
  • #84,814
  • Apr 5, 2022 1:53pm Apr 5, 2022 1:53pm
Quoting ScalaFX
{quote} All positions activated, now only time will tell we are wrong or not, wish all many pips

Due to the war sentiment dollar is very strong at the moment. Ofcourse this can change any time.
  • #84,815
  • Apr 5, 2022 2:20pm Apr 5, 2022 2:20pm
Quoting Eren10
{quote} Due to the war sentiment dollar is very strong at the moment. Ofcourse this can change any time.
Yeah I hope so men! When no change I Got my stops in place or will be managing with some longs, green pips to you and all, cheers!
People don't plan to lose. They lose because they don't plan.
  • #84,816
  • Apr 5, 2022 6:25pm Apr 5, 2022 6:25pm
Time for a break? Short from the 124 area. For now this looks like retracement of the first 5 waves down. This area here looks good for a spike, and we have news tomorrow and Thursday.
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My Fib levels. I think we just finished wave 3. This small dip we had may be the 4 in which case we blow the high for another wave now, but I don't see that. If it is 3 though; which is my thought, I have my eye on 119.8 area for the final wave up. Perhaps some time around some good news, or a hike?
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Don't compare your trades to others. Most often the masses are the asses
  • #84,817
  • Apr 5, 2022 11:47pm Apr 5, 2022 11:47pm
Quoting OBsayMkMoney
Time for a break? Short from the 124 area. For now this looks like retracement of the first 5 waves down. This area here looks good for a spike, and we have news tomorrow and Thursday.{image} My Fib levels. I think we just finished wave 3. This small dip we had may be the 4 in which case we blow the high for another wave now, but I don't see that. If it is 3 though; which is my thought, I have my eye on 119.8 area for the final wave up. Perhaps some time around some good news, or a hike? {image}{image} {image}{image}
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1st one in.
Don't compare your trades to others. Most often the masses are the asses
  • #84,818
  • Apr 6, 2022 1:37am Apr 6, 2022 1:37am
Im added 123.95 but a little more waiting for drop
People don't plan to lose. They lose because they don't plan.
  • #84,819
  • Apr 6, 2022 8:09am Apr 6, 2022 8:09am
Quoting ForexGoose
{image}
hawkish FOMC Meeting Minutes today will likely result in a test of the high near 125.2
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #84,820
  • Apr 6, 2022 10:45am Apr 6, 2022 10:45am
According to what i see, bear train has started moving! No further upside move except possible fake out move during FOMC minutes (which i really doubt)
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