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USD/JPY Discussion

  • #86,081
  • Oct 14, 2022 10:26am Oct 14, 2022 10:26am
Quoting shay14
{quote} whats ur target if you dont mind me asking?
If there's a pullback, short term it could dip to 145 (no guarantee). It they intervene, it could go lower.

IMF/World Bank meeting will be over by this weekend. After that, central bankers will return to their office. We'll see what central banks are going to say/do in coming weeks.
  • #86,082
  • Oct 14, 2022 10:28am Oct 14, 2022 10:28am
Just a friendly reminder that weekend gaps do not trigger stop losses. If price gaps down 500 pips and your stop loss is only 50 pips. You will lose 500 pips at market open. Same thing applies to profit targets. I will take a short position before market close today just in case BOJ decides to intervene again.
  • #86,083
  • Oct 14, 2022 11:51am Oct 14, 2022 11:51am
Opened my short position. Another intervention is around the corner.
  • #86,084
  • Oct 14, 2022 12:06pm Oct 14, 2022 12:06pm
Quoting investing101
{quote} 32 year high, intervention could be soon

Quoting COGSx86
I have a dream {image}

you could of said that 3 months ago,

Ridethewave thought that too, the irony in his name.


Interest rates aren’t slowing down, UsD will continue to be getting stronger at least until Christmas at this point. Once the true recession will be projected in the media.

China is selling its US holdings, the fed is taking 95+ billion dollars out of circulation, with the BOJ injection trillions of yen,

the box’s are just duplicates all decided in February 2020, with the Tesla logo being portrayed in UJ and then the continued push higher.
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Learn, a forex trader must, unlearn and relearn he will.
  • #86,085
  • Oct 14, 2022 12:21pm Oct 14, 2022 12:21pm
If the BoJ decides an intervention they should must increase the interest rate. What's your opinion about?
  • #86,086
  • Oct 14, 2022 12:33pm Oct 14, 2022 12:33pm
Quoting jag1969
If the BoJ decides an intervention they should must increase the interest rate. What's your opinion about?
they can not increase any rate casue they got too high debt
There may be a chance for a different prime minister
When you look at Chart,there are 10,000 traders do the same time
  • #86,087
  • Oct 14, 2022 12:49pm Oct 14, 2022 12:49pm
Quoting kcal
{quote} they can not increase any rate casue they got too high debt There may be a chance for a different prime minister
Or make a deal with the devil, more debt.
  • #86,088
  • Oct 14, 2022 1:46pm Oct 14, 2022 1:46pm
Short on Sunday's open. Yen hit the alert I set months ago, so I am short for a bit. Let'a see.
Don't compare your trades to others. Most often the masses are the asses
  • #86,089
  • Oct 14, 2022 2:25pm Oct 14, 2022 2:25pm
Quoting shay14
{quote} whats ur target if you dont mind me asking?
Don't you follow that man. There isn't a profitable trader around that advises stacking bad trades. Only people doing that are ego traders. You either stop yourself out or if you TRULY believe you will go right hedge. One flash in the wrong direction and they all go south.
Don't compare your trades to others. Most often the masses are the asses
  • #86,090
  • Oct 14, 2022 2:27pm Oct 14, 2022 2:27pm
Ahhhhhh... yet another badge of honor.
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Don't compare your trades to others. Most often the masses are the asses
  • #86,091
  • Oct 15, 2022 2:02am Oct 15, 2022 2:02am
Quoting PriceisKing
{quote} Or make a deal with the devil, more debt.
i am also a USD/JPY short trader. i have losed 7000usd from 144.3
Fxck the JP's gov.
According recently news, they won't change anything
When you look at Chart,there are 10,000 traders do the same time
  • #86,092
  • Oct 15, 2022 9:49am Oct 15, 2022 9:49am
Quoting investing101
{quote} 32 year high, intervention could be soon
I totally agree, but many of us have lost money on COULD BE trades. Not to mention the last intervention on Sep 22 didn't do much now did it. Right now the only thing we have is hope. I myself am waiting for a bearish turn, the Yen having hit an alert I set months ago. Not to mention I have a bad short on my books. When my one trade went bad I hedged it, and did will not add to it until I see something definitive. So we all think it will go down at some point, but stacking bad trades is simply not good practice. Anyone remember Markofrost or something like that. He stopped coming to the group after he stacked sell trades on 107. He refused to get out, told us all he knew just what he was doing, then shortly after that he disappeared from this forum. I wish that on no one.
Don't compare your trades to others. Most often the masses are the asses
  • #86,093
  • Oct 15, 2022 6:09pm Oct 15, 2022 6:09pm
Quoting OBsayMkMoney
Short on Sunday's open. Yen hit the alert I set months ago, so I am short for a bit. Let'a see.
On second look... Never mind. I will be selling GJ instead. The weekly looks to have two be at the level of invalidation for a wave 2.
Don't compare your trades to others. Most often the masses are the asses
  • #86,094
  • Oct 15, 2022 9:20pm Oct 15, 2022 9:20pm
Quoting OBsayMkMoney
Short on Sunday's open. Yen hit the alert I set months ago, so I am short for a bit. Let'a see.
just flow with the price , boj intervened to support falling GU , it was a coordinated effort between 7 central banks
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do not follow me 99.9999999% of times, rest you can lol
  • #86,095
  • Oct 15, 2022 9:46pm Oct 15, 2022 9:46pm
Quoting PatienceFx
{quote} jen plyne s cenou, boj intervenoval na podporu klesajícího GU, šlo o koordinované úsilí mezi 7 centrálními bankami {image}

I have to disappoint you son, the intervention was not from the BOJ but from the Ministry of Finance. In this battle, BOJ is on the opposite side of the barricade. Maybe you should find out who owns the central banks and who controls them.

or did you see somewhere that the Interventio created by BOJ? or that BOJ would comment on it?

It was precisely because the BOJ caused the JPY to fall with its comments that the Japanese Ministry of Finance had to intervene.

well, look back at the day when the BOJ metting. You have no idea what the intervention of several central banks looks like, I do, I saw it live.
  • #86,096
  • Oct 16, 2022 1:07pm Oct 16, 2022 1:07pm
There is nothing technical driving the USDJPY. This is all fundamental. Until that changes. Up it will go. Not my thoughts.
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  • #86,097
  • Oct 16, 2022 2:26pm Oct 16, 2022 2:26pm
Quoting mtako
if attacks my mid range special again >129.75, I get back in long with this beauty soon. 12H pullback. buy stop 129.8
Quoting mtako
...Buy Stop 135.60. 3rd time the charm? Wish me luck ! Cheers ! {image}
Quoting mtako
{quote} {quote}Adding another long time ! 15min volatility growth in high&tight momentum breaking the bear candle setup! Buy stop 137.70 Cheers all !!
First dynamic TP for my second usdjpy adventure of the year is near enough to announce : 150.50, and will change, especially if not hit by Thursday.

My 2 other positions' stops are trailing closely now, around 145 and 142.

Notice the one target in the highs, while the others are trailing.

Notice the awful drawdown! Potential calculations must be promising to let it go that far. Return/drawdown stays around 2, Mtako stays very very , for it is not easy to make it work!

IF TP hit will wait for pullback for reentry. All is to be recalculated in a week's time, and even more if other position is closed.

You can do it Little Engine that could ! Big cheers to anyone reading ! And happy trading !
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #86,098
  • Oct 16, 2022 2:37pm Oct 16, 2022 2:37pm
We may see market open gap down. Right now 148.47 at bloomberg terminal
  • #86,099
  • Oct 16, 2022 2:57pm Oct 16, 2022 2:57pm
USDJPY price action on the daily time frame is bullish but it has recently struggled to break out of a multi-year horizontal resistance area to produce a multi-year high at the 148.850 area (purple). Much likely, we will see a bearish correction before further bullish drive.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #86,100
  • Oct 16, 2022 7:03pm Oct 16, 2022 7:03pm
Quoting PatienceFx
{quote} just flow with the price , boj intervened to support falling GU , it was a coordinated effort between 7 central banks {image}
Thanks.. Caught myself
Don't compare your trades to others. Most often the masses are the asses
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