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AUD/JPY

  • #1,881
  • Jul 18, 2022 7:45am Jul 18, 2022 7:45am
Still nothing preventing it from advancing to the target.

It is coming to the top of the trend channel.
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #1,882
  • Jul 18, 2022 8:10am Jul 18, 2022 8:10am
If we do get a pullback I don't see anything bellow the stop as of right now as it would give too many buyers an entry to make money off such pullback.

Anything below that will invalidate the trade and at the very least test/take out any longs that want to get in below that price.

Remember "they" aren't here to let you make money.
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #1,883
  • Jul 18, 2022 10:37am Jul 18, 2022 10:37am
Here they come....Let's see if it's gonna be a stop hunt or an actual reversal....
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  • #1,884
  • Jul 18, 2022 10:56am Jul 18, 2022 10:56am
Still holding...want to see how this plays out.

I suggest flattening here though.
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  • #1,885
  • Edited 5:35pm Jul 18, 2022 5:11pm | Edited 5:35pm
Second time around. Long above 94.20 if it holds

Yen is still the weak sister

Look at the price just licking it's chops to break through the above price on the aud minutes in thirty minutes.....
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  • #1,886
  • Jul 18, 2022 7:03pm Jul 18, 2022 7:03pm
Minutes were a non event. No guidance just we will need to raise rates.

Wasn't enough. Wait to see what the happens and the later sessions.Unless the mentioned price holds
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #1,887
  • Jul 19, 2022 10:52am Jul 19, 2022 10:52am
Do not try to short this move. Depending on your broker, the algorithm will push the price against you. It is on a slow seek and destroy mode. How your broker handles your account and who your broker is will dictate what happens in these situations.

They will push up price all the way to the close making sure any pull back in the relative strength will maximize the height of the price when it finally is allowed to pull back....increasing your loss should you try to get out will a smaller loss or gamble for a full price reversal below you short...
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #1,888
  • Jul 19, 2022 3:52pm Jul 19, 2022 3:52pm
Quoting H13
Do not try to short this move. Depending on your broker, the algorithm will push the price against you. It is on a slow seek and destroy mode. How your broker handles your account and who your broker is will dictate what happens in these situations. They will push up price all the way to the close making sure any pull back in the relative strength will maximize the height of the price when it finally is allowed to pull back....increasing your loss should you try to get out will a smaller loss or gamble for a full price reversal below you short...
Hello, H13. I was reading your posts and i want to ask you, what's for you the difference between usdjpy anf audjpy.? Frecuently i trade the usdjpy but last days i was watching both charts and audjpy looks more stable. Thank you.
  • #1,889
  • Jul 19, 2022 4:14pm Jul 19, 2022 4:14pm
Quoting jag1969
{quote} Hello, H13. I was reading your posts and i want to ask you, what's for you the difference between usdjpy anf audjpy.? Frecuently i trade the usdjpy but last days i was watching both charts and audjpy looks more stable. Thank you.
They're both base currencies against the major pairs. They tend to trade in tandem relative to their counterparts during the intraday bearing any interest rate news. Yen fundamentally is a flat-line as their interest rates are so low for so long. The dollar is the polar opposite and any news effects the entire market making it the more volatile base currency.

I don't trade the usdjpy for the same fact that technically it is so volatile and less predictable for me. I wish I had something smarter to say other than that. I"m sure there are some that really like it as it would give you nice entries during the long-term trends.

So there's a little less to consider when trading Yen pairs as the Yen economic news is taken out of the equation. I feel it allows me to concentrate on the cross currency's fundamental standing in the world depending on what's going on in the US. Risk on vs risk off....
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #1,890
  • Jul 19, 2022 5:04pm Jul 19, 2022 5:04pm
Quoting H13
{quote} They're both base currencies against the major pairs. They tend to trade in tandem relative to their counterparts during the intraday bearing any interest rate news. Yen fundamentally is a flat-line as their interest rates are so low for so long. The dollar is the polar opposite and any news effects the entire market making it the more volatile base currency. I don't trade the usdjpy for the same fact that technically it is so volatile and less predictable for me. I wish I had something smarter to say other than that. I"m sure there are...
Thanks for your answer. Next week i'll begin to add the aud jpy to my study.
  • #1,891
  • Jul 25, 2022 3:33pm Jul 25, 2022 3:33pm
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY_2022-07-25_18-33-11.png Size: 38 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,892
  • Jul 25, 2022 3:43pm Jul 25, 2022 3:43pm
Quoting ForexGoose
{image}
If AUDJPY is going up then BTCUSD will go up.
  • #1,893
  • Jul 26, 2022 3:20am Jul 26, 2022 3:20am
Quoting ohyeah
{quote} If AUDJPY is going up then BTCUSD will go up.
I think it will come down again today
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,894
  • Jul 28, 2022 6:18am Jul 28, 2022 6:18am
Quoting ForexGoose
{image}
dump
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY_2022-07-28_09-17-38.png Size: 38 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,895
  • Jul 29, 2022 4:41am Jul 29, 2022 4:41am
Quoting ForexGoose
{quote} dump {image}
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY_2022-07-29_07-41-23.png Size: 38 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,896
  • Jul 29, 2022 6:34am Jul 29, 2022 6:34am
Manipulation point on this pair is 93.27 unfortunately

Stay short beneath it
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #1,897
  • Jul 29, 2022 7:15am Jul 29, 2022 7:15am
The selling algorithm is so relentless even as the pair is so over sold it's almost sickening.

This is what you're up against.

Short positions are taking the majority right now.
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #1,898
  • Jul 29, 2022 7:50am Jul 29, 2022 7:50am
Left a gap at .958.....unbelievable
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  • #1,899
  • Jul 29, 2022 8:49am Jul 29, 2022 8:49am
Quoting H13
Manipulation point on this pair is 93.27 unfortunately Stay short beneath it
See how that works. There is a trapped position at that level that the sell algo does not want going into profit at all costs.

The gap below still has not been filled. Currently the deflection off that level was over 25 pips. You can see the price get slapped down each time on the minute chart.

That position at 93.27 will only be breached with a release, a stronger algo or a catalyst induced buying.
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  • #1,900
  • Jul 29, 2022 9:53am Jul 29, 2022 9:53am
This clump of price has broken through the 4 hour trend and is sitting right underneath it.

They may be trying to sneak it down next week or even start late today. But it's so oversold, then again there's no limits to these guys.

There's the aud rate statement next week, but they're pumping up the Yen like crazy.

Man this market is so hard to trade now.
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
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