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USD/JPY Discussion

  • #86,061
  • Oct 13, 2022 9:05am Oct 13, 2022 9:05am
Quoting ForexGoose
{quote} 147.6 is the next target for me {image}
target reached, next target is 150 for me
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #86,062
  • Oct 13, 2022 9:23am Oct 13, 2022 9:23am
i will add more buy orders with a target of 150 once the price exceeds 147.6 again
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #86,063
  • Oct 13, 2022 11:50am Oct 13, 2022 11:50am
Quoting pozl
What caused the 1000+ pips movement at 9:20 am EST?
Are you fucking drunked? It was 100 pips not 1000

Damn idiots
The only prayer you need is Thankyou
  • #86,064
  • Oct 13, 2022 1:29pm Oct 13, 2022 1:29pm
Let’s go 147 baby
Learn, a forex trader must, unlearn and relearn he will.
  • #86,065
  • Oct 13, 2022 11:16pm Oct 13, 2022 11:16pm
Quoting COGSx86
Let’s go 147 baby
calculations are that ride down far away it is. good to see still around you are.
  • #86,066
  • Oct 13, 2022 11:44pm Oct 13, 2022 11:44pm
Attached Image (click to enlarge)
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I am wrong alot. trade at your own risk.
  • #86,067
  • Oct 14, 2022 4:03am Oct 14, 2022 4:03am
Quoting cchin
{quote} 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. {image}
Thanks though I guess JPY is the main cause? EURUSD shows no volatility at 9:20 and the CHF volatility is lower than JPY
  • #86,068
  • Oct 14, 2022 4:15am Oct 14, 2022 4:15am
Looking at the trend, it's going higher and higher.
Common sense tells me to buy, but I'm normally wrong, so I should sell?!

Seriously though, there's bound to be a retrace, be there an intervention or not.
That's just common sense........but then again I'm normally wrong..........

So confusing!!
  • #86,069
  • Oct 14, 2022 4:38am Oct 14, 2022 4:38am
@SckT you are right in the sense of it going higher and higher. You are also correct with the intervention.

You have current direction and the reason why it would turn.

So let's have it make sense.

How is one to enter? That depends on timing and risk appetite. You know the type of trader you are.

For me, I am to the side until the intervention. Global pressure is increasing.

As a saying goes, "Pressure burst pipe".

Will I miss the initial move? Yes.

Will I have confirmation in terms of directional bias when the decision happens? Yes.

Will I have an opportunity to enter in a confirmed direction? Yes.

What are the things that will invalidate that direction?

Ultimately you know the decision that Japan has to make and the direction it will move the market.

One of the things I tend to do, is not make the decision before the decision makers.

Sitting on your hands doing nothing sometimes is the best thing.

I would rather been out of a trade wishing I was in.

Than in a trade wishing I was out.

Just agreeing with you!
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  • #86,070
  • Oct 14, 2022 4:51am Oct 14, 2022 4:51am
Quoting adnanc
@SckT you are right in the sense of it going higher and higher. You are also correct with the intervention. You have current direction and the reason why it would turn. So let's have it make sense. How is one to enter? That depends on timing and risk appetite. You know the type of trader you are. For me, I am to the side until the intervention. Global pressure is increasing. As a saying goes, "Pressure burst pipe". Will I miss the initial move? Yes. Will I have confirmation in terms of directional bias when the decision happens? Yes. Will I have...
Thank you so much for this...

At some certain point, this has to come down... I am looking to watch out for those points and make them my points of entry. So I am looking at a huge fall to take advantage of. For now, I am trading other pairs with good direction and I am already making profit.

Remember I mentioned entering USDJPY at 144.654 with 0.75 lots and leaving at 146.500 because I know my equity will not survive any intervention that would take it down to anything below 144.200 which from what I have studied usually happens from the hostory.

So, I am happy I withdrew my huge profits and I still have little left I am willing and patient to grow again.
Please join me in my journey for 100 perfect trades. See my journal!
  • #86,071
  • Oct 14, 2022 9:20am Oct 14, 2022 9:20am
Wow!!!

And it goes...

Expect an intervention... or NOT!
Please join me in my journey for 100 perfect trades. See my journal!
  • #86,072
  • Oct 14, 2022 9:21am Oct 14, 2022 9:21am
150 is the next target
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_2022-10-14_10-21-15.png Size: 34 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #86,073
  • Oct 14, 2022 9:30am Oct 14, 2022 9:30am
Took another short position at 148.31.
Attached Image (click to enlarge)
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  • #86,074
  • Oct 14, 2022 9:49am Oct 14, 2022 9:49am
Quoting cchin
Took another short position at 148.31. {image}
Bruh... hedge the sells until you see some convincing downturn. stop stacking losers
Don't compare your trades to others. Most often the masses are the asses
  • #86,075
  • Oct 14, 2022 10:03am Oct 14, 2022 10:03am
Quoting OBsayMkMoney
{quote} Bruh... hedge the sells until you see some convincing downturn. stop stacking losers
32 year high, intervention could be soon
  • #86,076
  • Oct 14, 2022 10:05am Oct 14, 2022 10:05am
Quoting investing101
{quote} 32 year high, intervention could be soon
I'm getting out of my long positions before the weekend just in case there is a big gap down next week

although, I might short just before the market close today and see what happens next week
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #86,077
  • Oct 14, 2022 10:07am Oct 14, 2022 10:07am
Quoting investing101
{quote} 32 year high, intervention could be soon
Thank you
  • #86,078
  • Oct 14, 2022 10:14am Oct 14, 2022 10:14am
damn, will this ever go down
  • #86,079
  • Oct 14, 2022 10:15am Oct 14, 2022 10:15am
Quoting cchin
Took another short position at 148.31. {image}
whats ur target if you dont mind me asking?
  • #86,080
  • Oct 14, 2022 10:26am Oct 14, 2022 10:26am
Quoting shay14
damn, will this ever go down
maybe next year
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
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