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USD/JPY Discussion

  • #85,961
  • Sep 22, 2022 3:31am Sep 22, 2022 3:31am
Quoting Konichiwhaat
BoJ + Japan just opened... you know what to do!
Think I'll stay to the sidelines and let the big dawgs fight it out
  • #85,962
  • Sep 22, 2022 3:34am Sep 22, 2022 3:34am
Well, looks like easy money. I'm going to hold short until 110. We might just see that in one day if all the big institutions start to panic unwind like back in 1998 two months after the BOJ intervened.
  • #85,963
  • Sep 22, 2022 3:39am Sep 22, 2022 3:39am
Attached Image (click to enlarge)
Click to Enlarge Name: usd2.png Size: 13 KB

Potential targets for intervention shorts
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  • #85,964
  • Sep 22, 2022 3:57am Sep 22, 2022 3:57am
this is what it looks now now
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_2022-09-22_14-28-58_7b39c.png Size: 44 KB
Blank and Empty
  • #85,965
  • Sep 22, 2022 4:00am Sep 22, 2022 4:00am
after hitting my tp plunged down..as boj intervened
Blank and Empty
  • #85,966
  • Sep 22, 2022 4:15am Sep 22, 2022 4:15am
U/J is overdue for a substantial retracement anyways. I think this intervention might just jump start that retracement.
  • #85,967
  • Edited 5:19am Sep 22, 2022 4:15am | Edited 5:19am
Looks like we may get a retracement here at 143-144

Small buy
at 142.597
TP hit at level 143.257
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its just a script. join the club
  • #85,968
  • Sep 22, 2022 5:19am Sep 22, 2022 5:19am
Short at 142.918
its just a script. join the club
  • #85,969
  • Sep 22, 2022 5:51am Sep 22, 2022 5:51am
Oh wow, I missed that intervention due to sleep. It still didn’t breach 140 though. 145 could be the top for now and a good level to sell from or put a stop above.
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #85,970
  • Sep 22, 2022 7:35am Sep 22, 2022 7:35am
JPY strength may not last for long
Attached Image (click to enlarge)
Click to Enlarge Name: JXY_2022-09-22_08-34-56.png Size: 33 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #85,971
  • Sep 22, 2022 7:51am Sep 22, 2022 7:51am
if it decisively breaks 140, I would expect it to trend towards the 135 area, otherwise there is still a risk of a bear trap
Attached Image (click to enlarge)
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #85,972
  • Sep 22, 2022 8:06am Sep 22, 2022 8:06am
i put a buy order in from 140.8 with a stop under 139.8, could be a stupid decision with the risk of another intervention where the price can easily jump over the stop loss

target is open for now
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #85,973
  • Sep 22, 2022 9:17am Sep 22, 2022 9:17am
Quoting ForexGoose
i put a buy order in from 140.8 with a stop under 139.8, could be a stupid decision with the risk of another intervention where the price can easily jump over the stop loss target is open for now
adjusted stop loss to break-even
Attached Image (click to enlarge)
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #85,974
  • Sep 22, 2022 9:22am Sep 22, 2022 9:22am
Quoting ForexGoose
i put a buy order in from 140.8 with a stop under 139.8, could be a stupid decision with the risk of another intervention where the price can easily jump over the stop loss target is open for now
According to my trading plan i hope the yen below 138.23. Once the price crosses that level i can't say where will be the dip yet but a buy order at 140.80 isn't convenient. At 136.50 or 132.30 should be potential targets to place a buy order.
  • #85,975
  • Sep 22, 2022 10:17am Sep 22, 2022 10:17am
Quoting jag1969
{quote} According to my trading plan i hope the yen below 138.23. Once the price crosses that level i can't say where will be the dip yet but a buy order at 140.80 isn't convenient. At 136.50 or 132.30 should be potential targets to place a buy order.
it doesn't look like it will be bearish from current levels after the intervention

140 looks like solid support to buy from on any dips, take profit near 145 should be good, i think
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_2022-09-22_11-16-01.png Size: 35 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #85,976
  • Sep 22, 2022 11:20am Sep 22, 2022 11:20am
Looks like we are all thinking the same thing. lol. Price is at 100% extension level. This could just be the entire correction we have been hoping for in 90 minutes. I am exploring longs. Bitcoin looks alot like it is about to break that recent low and take us to 12000 -10000. If it does there is a high probability bears will be food here.
Don't compare your trades to others. Most often the masses are the asses
  • #85,977
  • Sep 22, 2022 11:48am Sep 22, 2022 11:48am
looks like that intervention was a waste of money since the price is back trading in a familiar range on the daily chart
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_2022-09-22_12-47-17.png Size: 39 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #85,978
  • Sep 22, 2022 1:39pm Sep 22, 2022 1:39pm
There is no way BoJ played their whole hand.

I will be looking to short rallys near Tokyo close
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  • #85,979
  • Sep 22, 2022 8:39pm Sep 22, 2022 8:39pm
Quoting Dzap
There is no way BoJ played their whole hand. I will be looking to short rallys near Tokyo close
ditto!
"No trade is still a trade." - Peter Borish
  • #85,980
  • Sep 22, 2022 10:03pm Sep 22, 2022 10:03pm
People here talking shorts. This is not the pair. Remember, USD is paying good positive rates. JPY is still negative. Also, check your brokers swap rate, it's still geared towards USD.

For long term short, look to EURJPY and GBPJPY.
Emotional Control. Process, not outcome.
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