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USD/JPY Discussion

  • #84,981
  • Apr 16, 2022 12:26pm Apr 16, 2022 12:26pm
One way to profit from FX or stocks in general is to look at the history, find similar chart patterns or formations, based on the similarities and make educated guess with confidence score about its directions as these patterns repeats over and over. Based on 4H chart, it has 92.5% similarities between the current price movements and Sept-Oct 2020.

On the daily chart, it also has 87% moving similarities between 10-2020 to 03/2021 and the current price movements.
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  • #84,982
  • Apr 16, 2022 12:42pm Apr 16, 2022 12:42pm
if look at 10 years back, the most similarity (94%) in chart patterns on daily chart is between 07/2016 and 12/2016 and the current. In any case, even it moves up $3 more dollars as some people/institutions projected, it will still go down more than the current price.
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  • #84,983
  • Apr 16, 2022 1:07pm Apr 16, 2022 1:07pm
In case it goes up next week, the target price is not $130, more likely 126.65, 127.13, 127.92 based on fib extension. Based on Murrey Math with parameter of 256 and starting price of 100, it shall reverse around 127.9 at +1/8 overshoot.
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  • #84,984
  • Apr 17, 2022 2:32pm Apr 17, 2022 2:32pm
USDJPY price action on the daily time frame is in a bullish mode. However, there is decline in bullish momentum and we may see a bearish correction.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #84,985
  • Apr 18, 2022 4:13am Apr 18, 2022 4:13am
USDJPY short
Attached Image
  • #84,986
  • Apr 18, 2022 6:10am Apr 18, 2022 6:10am
Quoting GrootFX
USDJPY short{image}
With you here
  • #84,987
  • Apr 18, 2022 7:24am Apr 18, 2022 7:24am
Quoting Nd10
{quote} With you here
me too..have 5 sell post
  • #84,988
  • Apr 18, 2022 11:13am Apr 18, 2022 11:13am
Quoting ForexGoose
chart for next week {image}
126.8 breached
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #84,989
  • Apr 18, 2022 11:19am Apr 18, 2022 11:19am
Adding some at 126.80 and one limit 127.15
People don't plan to lose. They lose because they don't plan.
  • #84,990
  • Apr 18, 2022 11:36am Apr 18, 2022 11:36am
Quoting ScalaFX
Adding some at 126.80 and one limit 127.15
Short added
  • #84,991
  • Apr 18, 2022 3:06pm Apr 18, 2022 3:06pm
Quoting ScalaFX
Adding some at 126.80 and one limit 127.15
If we do not get the turning point by 127.40, im giving up shorting this pair!
  • #84,992
  • Apr 18, 2022 3:47pm Apr 18, 2022 3:47pm
Quoting fxmasterdxb
{quote} If we do not get the turning point by 127.40, im giving up shorting this pair!
I will be shorting this higher too, have enough to do this, this cant last forever but profit from it will be big, Im closed all others prositions in others pairs to Focus all acount on this and AJ, managing too with some longs for a while, cheers men!
People don't plan to lose. They lose because they don't plan.
  • #84,993
  • Apr 18, 2022 5:09pm Apr 18, 2022 5:09pm
sell - 127.07
Together we can be strongest
Vantage Return This Month: na
  • #84,994
  • Apr 18, 2022 5:44pm Apr 18, 2022 5:44pm
parabolic climb.. one of the fibo levels may cause the crash for any reason...127.4X..131.32x..137.5x ...eartquake , nuclear explosion, dxy crash for any reason? till, it wil sweep every single usd of all shorts.
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  • #84,995
  • Apr 18, 2022 9:56pm Apr 18, 2022 9:56pm
Quoting palpite
sell - 127.07
add sell - 127.70
Together we can be strongest
Vantage Return This Month: na
  • #84,996
  • Apr 18, 2022 9:59pm Apr 18, 2022 9:59pm
129 is possible very soon
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #84,997
  • Apr 18, 2022 10:08pm Apr 18, 2022 10:08pm
Now I'm confused
  • #84,998
  • Apr 18, 2022 11:05pm Apr 18, 2022 11:05pm
Based on analysis over the last weekend, took some sell orders at 127.90s with stop 128.21, target 127 and less.

Quoting gem.stocks
In case it goes up next week, the target price is not $130, more likely 126.65, 127.13, 127.92 based on fib extension. Based on Murrey Math with parameter of 256 and starting price of 100, it shall reverse around 127.9 at +1/8 overshoot. {image} {image}
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  • #84,999
  • Apr 19, 2022 12:27am Apr 19, 2022 12:27am
Impresive rally and wont stop, but must somewhere, Im added to my underwater some closed some buys, siting and watching what happen next
People don't plan to lose. They lose because they don't plan.
  • #85,000
  • Apr 19, 2022 1:11am Apr 19, 2022 1:11am
Still holding my longs, but...

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Don't compare your trades to others. Most often the masses are the asses
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