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USD/JPY Discussion

  • #85,141
  • Apr 25, 2022 3:03pm Apr 25, 2022 3:03pm
Quoting ICouldBWrong
{quote} Closed all trades between 127.90 and 128 for ~ 50 pips profit.
I won 5 short trades today on USD/JPY. It has just retraced 50%. If you are bearish on this pair, then you can find some good short entries at around 128.101. Just my opinion...
  • #85,142
  • Apr 25, 2022 3:37pm Apr 25, 2022 3:37pm
can close the monthly chart below 124.30 it will have a real chance at attacking that 119 in May,,, 124.30 is only 2% lower and 4 more days to go, but at this speed unlikely.. needs another 4% fall in stockmarkets to get there
  • #85,143
  • Apr 25, 2022 3:50pm Apr 25, 2022 3:50pm
Quoting zee1
{quote} I won 5 short trades today on USD/JPY. It has just retraced 50%. If you are bearish on this pair, then you can find some good short entries at around 128.101. Just my opinion...
I'm a little iffy on going either long or short on U/J at these levels. It's definitely showing some weakness. On the other hand, it's also currently the strongest of all the xxx/JPY pairs. So I'd probably look elsewhere if I was going to short a Yen pair right now. If it goes below 127.40 I might start looking for shorts. Happy trading.
  • #85,144
  • Apr 25, 2022 4:13pm Apr 25, 2022 4:13pm
Quoting ICouldBWrong
{quote} I'm a little iffy on going either long or short on U/J at these levels. It's definitely showing some weakness. On the other hand, it's also currently the strongest of all the xxx/JPY pairs. So I'd probably look elsewhere if I was going to short a Yen pair right now. If it goes below 127.40 I might start looking for shorts. Happy trading.
Agreed. I won't be trading USD/JPY until it breaks support at 127.40 or breaks resistance at 129.40.
  • #85,145
  • Apr 25, 2022 7:15pm Apr 25, 2022 7:15pm
Quoting Ivana55
can close the monthly chart below 124.30 it will have a real chance at attacking that 119 in May,,, 124.30 is only 2% lower and 4 more days to go, but at this speed unlikely.. needs another 4% fall in stockmarkets to get there
I could be wrong but I think we will take out 130 before 118 gets some love. For now 125 is my basement.
Don't compare your trades to others. Most often the masses are the asses
  • #85,146
  • Apr 25, 2022 7:20pm Apr 25, 2022 7:20pm
Quoting zee1
{quote} Agreed. I won't be trading USD/JPY until it breaks support at 127.40 or breaks resistance at 129.40.

Unless you are a swing trader I am wondering why not trade the channel you so eloquently pointed out. I mean.. that's a 200 pip channel. 4x your current loss.
Don't compare your trades to others. Most often the masses are the asses
  • #85,147
  • Edited 9:46pm Apr 25, 2022 8:55pm | Edited 9:46pm
Quoting OBsayMkMoney
{quote} Unless you are a swing trader I am wondering why not trade the channel you so eloquently pointed out. I mean.. that's a 200 pip channel. 4x your current loss.
I haven't made a loss on USD/JPY this week. I just hit another tp on it (sell). I'm not a swing trader but I mainly look for breakouts, reversals etc instead of trading the channel. Sometimes I will though. I mainly trade on the 15 minute and use the other timeframes for confirmation.
  • #85,148
  • Apr 26, 2022 2:21am Apr 26, 2022 2:21am
Last week of the month, maybe we will se profit taking from big boys so UJ can slide to 125 where can be first solid Point of reversal, when broken we can see in May 120-> 118 where will be ideal for me to take profit, but when I see at 125 bulls preasure I will be with they to 130-> 135, Trade safe folks!
People don't plan to lose. They lose because they don't plan.
  • #85,149
  • Apr 26, 2022 2:23am Apr 26, 2022 2:23am
Quoting ScalaFX
Last week of the month, maybe we will se profit taking from big boys so UJ can slide to 125 where can be first solid Point of reversal, when broken we can see in May 120-> 118 where will be ideal for me to take profit, but when I see at 125 bulls preasure I will be with they to 130-> 135, Trade safe folks!
i agree with you, 125.3 - 125.4 as the first target.
  • #85,150
  • Apr 26, 2022 4:22am Apr 26, 2022 4:22am
Regrettably (lol) still in my long from yesterday at 128.20. Adding one more position here at 127.80. Still not convinced we don't move up to 129 again before we go down.

Any moves below yesterdays low and I'm going short.
  • #85,151
  • Apr 26, 2022 8:02am Apr 26, 2022 8:02am
Uujjeee❤
People don't plan to lose. They lose because they don't plan.
  • #85,152
  • Apr 26, 2022 8:06am Apr 26, 2022 8:06am
Quoting ScalaFX
Uujjeee❤
U/J is not volatile enough for bears, A/J is better
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #85,153
  • Apr 26, 2022 8:08am Apr 26, 2022 8:08am
Quoting ScalaFX
Uujjeee❤
Taking profit partial, all 23xshorts now BE, free ride for all, cheers
People don't plan to lose. They lose because they don't plan.
  • #85,154
  • Apr 26, 2022 9:02am Apr 26, 2022 9:02am
In case you were wondering.. yesterday's pop... shown on the VIX... today we may still dip down as we just had news at 10am EST.

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Don't compare your trades to others. Most often the masses are the asses
  • #85,155
  • Apr 26, 2022 9:25am Apr 26, 2022 9:25am
Quoting zee1
{quote} I haven't made a loss on USD/JPY this week. I just hit another tp on it (sell). I'm not a swing trader but I mainly look for breakouts, reversals etc instead of trading the channel. Sometimes I will though. I mainly trade on the 15 minute and use the other timeframes for confirmation.

Mi a culpa.. I superimposed the guy above you's response to yours @ 50 pips.
Don't compare your trades to others. Most often the masses are the asses
  • #85,156
  • Apr 26, 2022 9:27am Apr 26, 2022 9:27am
Hmmmm my UJ strength meter just dipped. and is still going from the looks of it..
Don't compare your trades to others. Most often the masses are the asses
  • #85,157
  • Apr 26, 2022 9:47am Apr 26, 2022 9:47am
U/J still relatively strong, at least compared to most other JPY pairs. It's moving down, but in measured moves, not really a 'crash' yet. This is obviously because USD is still very strong. I think once we see the dollar start to come down, U/J could crash hard with it. I think the 102.4 -.5 area for the dollar should be interesting. Could potentially bring on some hard selling.
  • #85,158
  • Apr 26, 2022 9:54am Apr 26, 2022 9:54am
Quoting ICouldBWrong
U/J still relatively strong, at least compared to most other JPY pairs. It's moving down, but in measured moves, not really a 'crash' yet. This is obviously because USD is still very strong. I think once we see the dollar start to come down, U/J could crash hard with it. I think the 102.4 -.5 area for the dollar should be interesting. Could potentially bring on some hard selling.
U/J is not moving much, but maybe it will start to get dumped soon like A/J
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #85,159
  • Apr 26, 2022 10:40am Apr 26, 2022 10:40am
Quoting ForexGoose
{quote} U/J is not moving much, but maybe it will start to get dumped soon like A/J {image}
Yes, A/J, G/J and a few others all with large sell offs over the past several trading days. My bias on U/J is to the downside at this time. I think it's becoming more likely that we will eventually get a larger sell off, but it is definitely moving slowly and taking it's time. Like I mentioned previously, I believe that is because of a strong USD, and if/when dollar starts to crash, U/J is likely to follow. Just my best guess based on all of the current charts at this time.
  • #85,160
  • Apr 26, 2022 10:45am Apr 26, 2022 10:45am
Quoting ForexGoose
{quote} U/J is not moving much, but maybe it will start to get dumped soon like A/J {image}
Did you just compare America to Australia???

Da hell Bro!!!
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Don't compare your trades to others. Most often the masses are the asses
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