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USD/JPY Discussion

  • #85,661
  • Aug 1, 2022 7:48pm Aug 1, 2022 7:48pm
Quoting fxmasterdxb
{quote} I think 129.10 is max, lets see
Wouldn't be surprised if pa gets to 129.15 in the next few hours, if it does then expect massive pull back for the rest if the week, at least 300-400 pips
  • #85,662
  • Aug 1, 2022 7:57pm Aug 1, 2022 7:57pm
Quoting H13
Winds of change are upon us. Yen strength and Dollar weakening looks to be in the new cycle.
This was what they were up to...crushing down ALL the yen crosses. It's even hard to follow my own signals...This was July 21st.
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #85,663
  • Aug 1, 2022 8:05pm Aug 1, 2022 8:05pm
The cycle has been News - good or bad - Drop it down regardless....News - good or bad - Drop it down regardless. That should tell you they want to take everything down without discretion.
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #85,664
  • Edited Aug 2, 2022 4:35am Aug 1, 2022 10:53pm | Edited Aug 2, 2022 4:35am
I think the breakout on the USDJPY is a good one. Besides the USDJPY, price has also broken out on all the other JPY pairs.

I am looking to take a short order on either of the 4 JPY pairs that I am watching currently.

The trade I would be taking would be a Day Trade. But I am not sure if there would be short term price weakness or not for me to capitalise on this opportunity.

What do you think?

Inserted Video


TARGET SPOTTED! : USDJPY! HKDJPY! PENDING SHORT LIMIT ORDER!

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_2022-08-02_17-21-01.png Size: 18 KB

Attached Image (click to enlarge)
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I have decided to go with USDJPY instead but HKDJPY is a good pair too if you can trade it with low spread.

UPDATE!

Canceled USDJPY'S Pending Limit Order because price was moving away from the entry with no sign of retracement. Entered Market Order on HKDJPY instead.
Hi bye mai hai
  • #85,665
  • Aug 1, 2022 11:14pm Aug 1, 2022 11:14pm
Out of my shorts. Will wait at 134 for more joy. Scalping on lower time frames for now. If I get caught it will be in a sell and I can resume it later.

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Don't compare your trades to others. Most often the masses are the asses
  • #85,666
  • Aug 1, 2022 11:32pm Aug 1, 2022 11:32pm
Quoting OBsayMkMoney
Out of my shorts. Will wait at 134 for more joy. Scalping on lower time frames for now. If I get caught it will be in a sell and I can resume it later. {image}
Very nice and clean chart
Hi bye mai hai
  • #85,667
  • Aug 1, 2022 11:44pm Aug 1, 2022 11:44pm
Quoting OBsayMkMoney
Out of my shorts. {image}
good, but why announce it

just joking
  • #85,668
  • Aug 1, 2022 11:50pm Aug 1, 2022 11:50pm
52 pips more possible
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  • #85,669
  • Aug 2, 2022 12:42am Aug 2, 2022 12:42am
Slowly adding longs in UJ

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Forex Learner
  • #85,670
  • Aug 2, 2022 3:27am Aug 2, 2022 3:27am
Quoting rkr81
Slowly adding longs in UJ {image}
great
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  • #85,671
  • Aug 2, 2022 9:19am Aug 2, 2022 9:19am
Quoting OBsayMkMoney
Out of my shorts. Will wait at 134 for more joy. Scalping on lower time frames for now. If I get caught it will be in a sell and I can resume it later. {image}

Why I got out of the car in the middle of the road.....

I put a fib on the first leg down. Hoping it would be a Wave 1 and 2 to the downside. When price hit the 23% and turned this bolstered my speculation. Price was also at a key Fib level from the move from the bottom, so Short. Went short until price hit the 423% level off of that first fib. Wave 3's enjoy 161, 261, and when things fly 423, but to my experience they have not gone past 423. So I got out of my shorts. I believe us to be long to 134 now. This is based on putting a fib on the 3rd wave. Wave 4 often ending at the beginning of wave 2, or between 50 - 61 percent of Wave 3. So if I am right... waiting at 134 for the next leg down is the safest, and only scalping to the downside at exhaustion levels keeps a trade from going bad and staying bad.

In case anyone else wants to Guerillapip this byatch. BTW. ALL Yen pairs appear to be experiencing this. When/if UJ makes it's turn at 134, look to sell or buy other Yen pairs as well.

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Don't compare your trades to others. Most often the masses are the asses
  • #85,672
  • Aug 2, 2022 9:21am Aug 2, 2022 9:21am
Quoting PatienceFx
{quote} good, but why announce it just joking
Because people like you need something to respond to! . Just joking back
Don't compare your trades to others. Most often the masses are the asses
  • #85,673
  • Aug 2, 2022 11:13am Aug 2, 2022 11:13am
Quoting TheCardinal
{quote} I would be interested to know what you know if you want to share...
What if I told you one person can control/effect the entire currency market and size of his/her account and order has no bearing.

Do you think you and forexfactory is ready for that?
THESE PEOPLE WITH COLORED BADGES ARE NOT PROFESSIONAL TRADERS
  • #85,674
  • Aug 2, 2022 11:56am Aug 2, 2022 11:56am
Quoting OBsayMkMoney
Out of my shorts. Will wait at 134 for more joy. Scalping on lower time frames for now. If I get caught it will be in a sell and I can resume it later. {image}

We appear to be in a three leg up move for a wave 4 before continuing south and blowing past our current short term low. If this is in fact resistance here, and price retraces before finishing the third leg up this will support my 134 hypothesis. (134.2-`134.6)
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Don't compare your trades to others. Most often the masses are the asses
  • #85,675
  • Aug 2, 2022 1:33pm Aug 2, 2022 1:33pm
Short from 133 to 121 (50% retracement). Taking a big short here to 121. I think the uptrend is over since most of the rate hikes for the USD has been priced in. This seems like an easy massive short for me.
  • #85,676
  • Aug 2, 2022 5:26pm Aug 2, 2022 5:26pm
A lil more room above. Asian market may start it. Watching 131 for support. I think we still have one leg up. Unless the small dip we had was enough. Let's see.

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Don't compare your trades to others. Most often the masses are the asses
  • #85,677
  • Aug 2, 2022 6:39pm Aug 2, 2022 6:39pm
Starting to stack shorts. I still think there is one more tiny leg up, but if you wait for perfect conditions you will find yourself doing very little in life.

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Don't compare your trades to others. Most often the masses are the asses
  • #85,678
  • Aug 2, 2022 7:57pm Aug 2, 2022 7:57pm
it is turning bullish again with a likely target of 135, unless there is some risk-off event
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #85,679
  • Aug 3, 2022 7:06am Aug 3, 2022 7:06am
Quoting ForexGoose
it is turning bullish again with a likely target of 135, unless there is some risk-off event {image}
waiting for 135.1 on the 4h chart
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #85,680
  • Aug 3, 2022 9:28am Aug 3, 2022 9:28am
no recession in sight?
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
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