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USD/JPY Discussion

  • #85,421
  • Jun 4, 2022 11:42am Jun 4, 2022 11:42am
Quoting ForexGoose
Next week could be a big squeeze for bears. Retail traders are mostly short. {image}
It closed with a doji...so as the japanese rice traders said where they open it and trade after a doji is the direction in which you trade it.
  • #85,422
  • Jun 5, 2022 7:33am Jun 5, 2022 7:33am
next week 131 and then 135 is possible for bulls
Attached Image (click to enlarge)
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #85,423
  • Jun 5, 2022 10:35am Jun 5, 2022 10:35am
Quoting ForexGoose
next week 131 and then 135 is possible for bulls {image}
It put in a doji so whereever they take it after a doji is where one should go with it.
  • #85,424
  • Jun 6, 2022 2:13am Jun 6, 2022 2:13am
Quoting ForexGoose
next week 131 and then 135 is possible for bulls {image}
i prepare to buy if the price test last week resistance.. still waiting
Attached Image (click to enlarge)
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  • #85,425
  • Jun 6, 2022 9:42am Jun 6, 2022 9:42am
132.4 is likely the next immediate target for bulls today as bears get squeezed
Attached Image (click to enlarge)
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #85,426
  • Edited 7:27pm Jun 6, 2022 7:12pm | Edited 7:27pm
Sold UJ at 132.20. Gonna give it 150 pips of room above.
Why?:

20 year highs.

Overbought.

Excessive Exuberance about a smooth landing for USA economy/recession/inflation.

https://www.bnnbloomberg.ca/us-infla...says-1.1775062

https://markets.businessinsider.com/...cession-2022-6

and the US Stock Market pre-trading is trending negative: https://www.cnn.com/business/markets/premarkets

Gonna be bumpier than what's priced into UJ now.
Posmotrium
  • #85,427
  • Jun 6, 2022 9:02pm Jun 6, 2022 9:02pm
how is it overbought when daily and weekly still has a potential for an upside
  • #85,428
  • Jun 6, 2022 9:18pm Jun 6, 2022 9:18pm
Quoting DrunkenMoney
how is it overbought when daily and weekly still has a potential for an upside
agree that it has upside potential

the rapidity of the rise, and the historical overvaluation:
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  • #85,429
  • Jun 7, 2022 7:16am Jun 7, 2022 7:16am
Quoting ForexGoose
132.4 is likely the next immediate target for bulls today as bears get squeezed {image}
135.1 is the next target
Attached Image (click to enlarge)
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #85,430
  • Jun 7, 2022 1:12pm Jun 7, 2022 1:12pm
Quoting ForexGoose
{quote} 135.1 is the next target {image}
Oh no men! Im loaded some shorts here but im want only some
People don't plan to lose. They lose because they don't plan.
  • #85,431
  • Jun 7, 2022 2:38pm Jun 7, 2022 2:38pm
Quoting ScalaFX
{quote} Oh no men! Im loaded some shorts here but im want only some

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  • #85,432
  • Jun 8, 2022 12:02am Jun 8, 2022 12:02am
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 15 KB
  • #85,433
  • Jun 8, 2022 7:14am Jun 8, 2022 7:14am
Quoting ScalaFX
{quote} Oh no men! Im loaded some shorts here but im want only some
shorts are dangerous to wear, if it is not summer
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #85,434
  • Jun 8, 2022 7:47am Jun 8, 2022 7:47am
Quoting ForexGoose
{quote} 135.1 is the next target {image}
almost at 135.1 but bulls should be careful from there

i'm ready to jump off the train anytime

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_2022-06-08_08-45-53.png Size: 38 KB

but I think that the price is going where the red box is on the chart after the 135 level is decisively broken

Attached Image (click to enlarge)
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #85,435
  • Jun 8, 2022 8:05am Jun 8, 2022 8:05am
Quoting ForexGoose
{quote} almost at 135.1 but bulls should be careful from there i'm ready to jump off the train anytime {image} but I think that the price is going where the red box is on the chart after the 135 level is decisively broken {image}

It has great momentum. I had thought to go all-in in USDJPY when it was around 112. I did not know how to trade it, when to trade it
  • #85,436
  • Jun 9, 2022 2:46am Jun 9, 2022 2:46am
trend is changed?
i am in big loss can i hold my buy or should close it
  • #85,437
  • Jun 9, 2022 7:02am Jun 9, 2022 7:02am
Quoting ManiBalouch
trend is changed? i am in big loss can i hold my buy or should close it

Maybe it has found a support for longer term
Attached Image (click to enlarge)
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  • #85,438
  • Jun 9, 2022 7:05am Jun 9, 2022 7:05am
133.25 strong Support.
  • #85,439
  • Jun 9, 2022 7:13am Jun 9, 2022 7:13am
Quoting ManiBalouch
trend is changed? i am in big loss can i hold my buy or should close it
If you have to ask this you should not be trading without a stop loss. We will find out soon though.

Attached Image (click to enlarge)
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Don't compare your trades to others. Most often the masses are the asses
  • #85,440
  • Edited 7:31am Jun 9, 2022 7:18am | Edited 7:31am
Quoting TheWolf
133.25 strong Support.

Careful my friend. this is pre news movement. Often reversed when the news is published.

FOMC in one week. The move will start either in the 9am hour.. or the 9pm our. Whichever way we go I will ride it for a week.

Also Bitcoin seems to have found support on higher time frames. Possible ABC forming. If so we are about to drop here.
Don't compare your trades to others. Most often the masses are the asses
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