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USD/JPY Discussion

  • #86,041
  • Oct 11, 2022 8:30pm Oct 11, 2022 8:30pm
Time to buy for me

bought from 146.2, target is open, stop loss under 145
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #86,042
  • Edited 9:31pm Oct 11, 2022 9:08pm | Edited 9:31pm
Let's not forgot that we're not too far off from the the 1998 high. There's bound to be some resistance somewhere around that mid 147 area.
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  • #86,043
  • Oct 12, 2022 1:43am Oct 12, 2022 1:43am
Possible top in short-term
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Keep Simple...!
  • #86,044
  • Oct 12, 2022 4:21am Oct 12, 2022 4:21am
No sellers today )
its just a script. join the club
  • #86,045
  • Oct 12, 2022 5:22am Oct 12, 2022 5:22am
Quoting Dzap
No sellers today )
No one wants to get burnt!
Please join me in my journey for 100 perfect trades. See my journal!
  • #86,046
  • Oct 12, 2022 6:25am Oct 12, 2022 6:25am
Wow!!!

Look at it goo!
Please join me in my journey for 100 perfect trades. See my journal!
  • #86,047
  • Oct 12, 2022 7:36am Oct 12, 2022 7:36am
Quoting ForexGoose
Time to buy for me bought from 146.2, target is open, stop loss under 145
147.6 is the next target for me
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #86,048
  • Oct 12, 2022 7:41am Oct 12, 2022 7:41am
147.25 is resistance next one is 147.90 if we see a break at 147.25 watch for intervention. In the long run it will be short term and the dollar will climb higher.
May the PIP's be with you.
  • #86,049
  • Oct 12, 2022 7:48am Oct 12, 2022 7:48am
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #86,050
  • Oct 12, 2022 1:47pm Oct 12, 2022 1:47pm
Trading JPY crosses at this time is risky. I waited for a while, and entered a short trade at 146.87.

FOMC minutes did mention about the dollar appreciation, and weakening of other currencies such as yen.
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  • #86,051
  • Oct 12, 2022 4:20pm Oct 12, 2022 4:20pm
UJ is bae right now
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potent sticky longs in zone, lots of buyers, stoch could dip to 20 today hit some lvls, otherwise more trend& resist=supp
its just a script. join the club
  • #86,052
  • Oct 13, 2022 8:03am Oct 13, 2022 8:03am
Added another short position at 147.43, after US CPI print.
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  • #86,053
  • Oct 13, 2022 8:08am Oct 13, 2022 8:08am
Quoting cchin
Added another short position at 147.43, after US CPI print. {image}

What time did they intervene last time?
  • #86,054
  • Oct 13, 2022 8:17am Oct 13, 2022 8:17am
145.90 Sept 22nd low was 140.35
was temp and next day started back up
May the PIP's be with you.
  • #86,055
  • Oct 13, 2022 8:28am Oct 13, 2022 8:28am
I had to exit my trade.

Been on long since 144.654 with 0.75 lots and exited at 147.500

Got burnt with other pairs and my equity would not be able to carry any intervention... I would just lose all because the last one was really HUGE!!!

I planned to leave my long till 170 at the very least.
Please join me in my journey for 100 perfect trades. See my journal!
  • #86,056
  • Oct 13, 2022 8:31am Oct 13, 2022 8:31am
Quoting investing101
{quote} What time did they intervene last time?
They intervened on Sep 22. After 2pm Tokyo time, I believe.

It was after the FOMC meeting on Sep 21, and after BOJ presser on Sep 22 noon (Japan time).

Price was at 145.80 when they sold USD with help of Swiss bank, to buy back yen. These two banks have opposing interests, Swiss desperately want their currency to weaken, while Japan wants a stronger currency. So, they paired up and rock the market.

Intervention or not, there will be some pullback in near team. My view is, this pair cannot just go straight to 160 without retracing.
  • #86,057
  • Oct 13, 2022 8:40am Oct 13, 2022 8:40am
What caused the 1000+ pips movement at 9:20 am EST?
  • #86,058
  • Oct 13, 2022 8:52am Oct 13, 2022 8:52am
Quoting pozl
What caused the 1000+ pips movement at 9:20 am EST?
It might be the work of Swiss bank. They always worked in pair. See my previous post #86061.

It was easier to disguise manipulations especially during high impact news releases, so nobody would know. People would think price movements was solely the impact from US CPI releases.
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  • #86,059
  • Oct 13, 2022 8:58am Oct 13, 2022 8:58am
Quoting ICouldBWrong
Let's not forgot that we're not too far off from the the 1998 high. There's bound to be some resistance somewhere around that mid 147 area. {image}
Like I said... 1998 high peaked at 147.67. Where did it stop today? At 147.67.. exactly to the pip, followed by a 100 pip spike downward. These things aren't coincidences. Now let's see if it holds..
  • #86,060
  • Oct 13, 2022 9:00am Oct 13, 2022 9:00am
Quoting pozl
What caused the 1000+ pips movement at 9:20 am EST?
Resistance from a 20+ year high.
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