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USD/JPY Discussion

  • #86,101
  • Oct 16, 2022 8:11pm Oct 16, 2022 8:11pm
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do not follow me 99.9999999% of times, rest you can lol
  • #86,102
  • Oct 16, 2022 8:20pm Oct 16, 2022 8:20pm
Quoting PatienceFx
{image}
no idea what happened, but it is magical, thank you God
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do not follow me 99.9999999% of times, rest you can lol
  • #86,103
  • Oct 17, 2022 5:51am Oct 17, 2022 5:51am
Whoever short with thin sl, they ll hunting for it. No wonder still going up
  • #86,104
  • Oct 17, 2022 5:56am Oct 17, 2022 5:56am
Long to 149.15. Will watch that level for hiccups. Especially if news comes out around there.
Number is the 100 percent extension off of the monthly three leg move up.
Don't compare your trades to others. Most often the masses are the asses
  • #86,105
  • Oct 17, 2022 6:00am Oct 17, 2022 6:00am
Quoting OBsayMkMoney
Long to 149.15. Will watch that level for hiccups. Especially if news comes out around there. Number is the 100 percent extension off of the monthly three leg move up.
We should be getting some kind of reaction this week in my opinion. Looks like today we are safe though. I was just pay attention to NYO though. Maybe this time it won't be during Asian session..

I continue to move my sell stops up..
  • #86,106
  • Oct 17, 2022 6:15am Oct 17, 2022 6:15am
Quoting TheWolf
{quote} We should be getting some kind of reaction this week in my opinion. Looks like today we are safe though. I was just pay attention to NYO though. Maybe this time it won't be during Asian session.. I continue to move my sell stops up..
NYO???

If that points to an intervention I don't think it will happen. At least not from BOJ. The Fed is already forecasted a change in rates Nov. 4, so IMO they will wait to see the reaction there before considering any intervention. I see 147 supporting us until the BOJ outlook next week. I could be wrong though,
Don't compare your trades to others. Most often the masses are the asses
  • #86,107
  • Oct 17, 2022 6:18am Oct 17, 2022 6:18am
Quoting OBsayMkMoney
{quote} 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.
GJ stop blown.
Pound seems to be going bullish against pairs. Ouch if it does the same long run the dollar did.
Don't compare your trades to others. Most often the masses are the asses
  • #86,108
  • Oct 17, 2022 6:20am Oct 17, 2022 6:20am
Quoting OBsayMkMoney
{quote} NYO??? If that points to an intervention I don't think it will happen. At least not from BOJ. The Fed is already forecasted a change in rates Nov. 4, so IMO they will wait to see the reaction there before considering any intervention. I see 147 supporting us until the BOJ outlook next week. I could be wrong though,
Uhm..

Very well it could be like you said yeah.
We still have 2 weeks until there though.
USD/JPY 155? We'll see. 147 as Support sure.
  • #86,109
  • Oct 17, 2022 8:25am Oct 17, 2022 8:25am
Quoting ForexGoose
150 is the next target {image}
i will enter another buy order soon if the price stays above 148.5 within the next hour

target is 150
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #86,110
  • Oct 17, 2022 8:45am Oct 17, 2022 8:45am
Entered another short trade at 148.7. We'll see how it goes in coming week.
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  • #86,111
  • Oct 17, 2022 8:55am Oct 17, 2022 8:55am
Quoting cchin
Entered another short trade at 148.7. We'll see how it goes in coming week. {image}
too risky, you should only have one short position and a stop loss

this pair can easily go to 150, 160, 169+, without any pullbacks
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #86,112
  • Oct 17, 2022 9:20am Oct 17, 2022 9:20am
Quoting ForexGoose
{quote} too risky, you should only have one short position and a stop loss this pair can easily go to 150, 160, 169+, without any pullbacks
haha... could be. I did mention that in my earlier post on Oct 12, #86055, "Trading JPY crosses at this time is risky. I waited for a while, and entered a short trade at ..."

I use relatively small lot sizes, and I have this account hedged with another non-JPY pair. So, even if it goes to 180, I'm still fine. Say, if it shoots up to 240 (I know it won't), I'm protected. No worries about that. I think we should always have a disclaimer saying that nobody should ever copy anybody for risk reason.

You know, I don't use stops. I trade extremely low leverage.
  • #86,113
  • Oct 17, 2022 1:15pm Oct 17, 2022 1:15pm
Quoting ForexGoose
{quote} too risky, you should only have one short position and a stop loss this pair can easily go to 150, 160, 169+, without any pullbacks
We all must learn our own way...
Don't compare your trades to others. Most often the masses are the asses
  • #86,114
  • Oct 17, 2022 1:18pm Oct 17, 2022 1:18pm
Quoting OBsayMkMoney
{quote} We all must learn our own way...
totally agree.. trading is highly personal , varies and unique like people ! everyone got their own style !
Blank and Empty
  • #86,115
  • Oct 17, 2022 1:24pm Oct 17, 2022 1:24pm
Price eventually has to retrace. Anyway..I think Goose is right. We should see 150..
We should also see an intervention, that's why I'm not even considering buying this pair. We all witnessed on Friday I think, 120 pips down in a minute..

I have stacked sell stops, 148, 147.5, 147 and 146.5. I just wait.. patiently. If price reaches 150 I'll move this sell stops higher of course. I'll just continue moving these orders up and when retracement or intervention finally comes, I am ready!
  • #86,116
  • Oct 17, 2022 1:58pm Oct 17, 2022 1:58pm
Quoting ForexGoose
{quote} too risky, you should only have one short position and a stop loss this pair can easily go to 150, 160, 169+, without any pullbacks
I agree with you. trading short against such a trend is very dangerous. perhaps from 150 will start correction
  • #86,117
  • Oct 17, 2022 2:14pm Oct 17, 2022 2:14pm
It's better strategy to put sell stop orders in my opinion. That way, you don't care if the price reaches 150, 155 or 170. You just keep re-adjusting them. Moving them higher and higher, following the price.
  • #86,118
  • Oct 17, 2022 10:13pm Oct 17, 2022 10:13pm
Sold @ 148.90

Everyone waiting for 150 which will not come as they know retailers waiting for the level to short .

PS i will short more at 150 if it comes
PaRaM
  • #86,119
  • Oct 17, 2022 10:30pm Oct 17, 2022 10:30pm
Yeah agree with you that. If JPY go to 150 that mean it fail 30% => the gov won't accept it
  • #86,120
  • Oct 18, 2022 7:35am Oct 18, 2022 7:35am
Anyone know what happened on that 1m dive and recover candle?
I think they may have shown us the daily target for the day. Looks like someone jumped the gun on a bulk order. No bonus for little Jimmy
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Don't compare your trades to others. Most often the masses are the asses
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