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USD/JPY Discussion

  • #86,181
  • Oct 21, 2022 1:05pm Oct 21, 2022 1:05pm
Quoting ForexGoose
{quote} very nice
just finished?
  • #86,182
  • Oct 21, 2022 1:21pm Oct 21, 2022 1:21pm
Quoting cchin
Yes, it was intervention by the BOJ. We saw about 550 points move today. I believe our members would want make sure I'm alright, and yes, I am. I have closed all my 8 short positions on the USD/JPY pair, when price hit 146.90. All 7 out of 8 trades are in profit. The last trade incurred a very small loss of 3 pips. I'm now out of this pair entirely. Thank you BOJ. {image}
Nice. I am not sure I will join this pair anytime soon.

I may toe your lane.

Meanwhile, I think my revenge on GBP/USD started today. I'm in good profit already but not yet comfortable one. This pair gulped over $1600 from me and in anger I want to recover!!!
Please join me in my journey for 100 perfect trades. See my journal!
  • #86,183
  • Oct 21, 2022 1:33pm Oct 21, 2022 1:33pm
Quoting cchin
Yes, it was intervention by the BOJ. We saw about 550 points move today. I believe our members would want make sure I'm alright, and yes, I am. I have closed all my 8 short positions on the USD/JPY pair, when price hit 146.90. All 7 out of 8 trades are in profit. The last trade incurred a very small loss of 3 pips. I'm now out of this pair entirely. Thank you BOJ. {image}
Very good cchin, some people kept saying all BOJ do is talk , i reckon that of today a big talk, and only traders like you who has ability to question if a Schrodinger cat is even a cat , get a bite.
With regards
I live in the future
  • #86,184
  • Oct 21, 2022 2:43pm Oct 21, 2022 2:43pm
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting cchin
Yes, it was intervention by the BOJ. We saw about 550 points move today. I believe our members would want make sure I'm alright, and yes, I am. I have closed all my 8 short positions on the USD/JPY pair, when price hit 146.90. All 7 out of 8 trades are in profit. The last trade incurred a very small loss of 3 pips. I'm now out of this pair entirely. Thank you BOJ. {image}
That's impressive you stuck with it so long. Good job. It looks like you didn't fire a bullet after 150 - any particular reason? Like I said, good job..I know my personality wouldn't be able to do this lol.
"Wishful thinking dies hard." Igor T.
  • #86,185
  • Oct 21, 2022 3:50pm Oct 21, 2022 3:50pm
Does anyone have proof of this intervention? No one else finds it odd that UJ ripped down at 10:30... right after the US Federal budget balance? Please... if you have a link.. share it. Great day though. The rip up right before the news telegraphed the move down. 147 held maintaining the bullish bias on the higher time frames. For bias to change two of the previous lower highs have to be broken. Reuters is reporting a fear of a possible BOJ intervention over the weekend. When/If it doesn't come... back to those highs we go IMO. 150.5 may provide some resistance. If it holds back down, but 154.8 if it doesn't. Clearing 151 again will excite bulls towards the next round number 155. I don't think it will cross this one though. Third time the charm....

Have a great weekend all.
Don't compare your trades to others. Most often the masses are the asses
  • #86,186
  • Oct 21, 2022 4:06pm Oct 21, 2022 4:06pm
Quoting mtako
{quote}{quote}{quote}{quote}My shared 137.7 long was closed today +1280 pips. Buying again if gets back >148.2, buy stop 148.22. Other longs will need to wait for any new updates because of today. Next wednesday probably could update SLs. Hope everyone is ok. As you all know, risk management is a must at all time if one must thrive and survive on the long-term, even for the occasional black swan ! Take care and happy Friday and Weekend ! {image}
Wow... that's some sexy buying... Great job! I took it in bits and as a result didn't get as many pips... When I grow up I wanna be just like you.
Don't compare your trades to others. Most often the masses are the asses
  • #86,187
  • Oct 21, 2022 4:17pm Oct 21, 2022 4:17pm
Quoting pgidia
Many account wiped off
Yes, but also saved many an gambler's account. Give and take.. the way of the trade.
Don't compare your trades to others. Most often the masses are the asses
  • #86,188
  • Oct 21, 2022 4:32pm Oct 21, 2022 4:32pm
Quoting Vincent1
{quote} New target around 126/123 now
I agree with felps We aren't ready yet. In time.
Don't compare your trades to others. Most often the masses are the asses
  • #86,189
  • Oct 21, 2022 4:34pm Oct 21, 2022 4:34pm
Quoting OBsayMkMoney
Does anyone have proof of this intervention? No one else finds it odd that UJ ripped down at 10:30... right after the US Federal budget balance? Please... if you have a link.. share it. Great day though. The rip up right before the news telegraphed the move down. 147 held maintaining the bullish bias on the higher time frames. For bias to change two of the previous lower highs have to be broken. Reuters is reporting a fear of a possible BOJ intervention over the weekend. When/If it doesn't come... back to those highs we go IMO. 150.5 may provide...
the government of Japan doesn’t have to publish if they are going to intervene

traders can suspect intervention, but the Japanese government doesn’t have to clarify what they are doing

https://www.reuters.com/business/fin...ly-2022-10-21/

https://www-nikkei-com.translate.goo..._x_tr_pto=wapp
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #86,190
  • Oct 21, 2022 4:59pm Oct 21, 2022 4:59pm
Quoting ForexGoose
{quote} the government of Japan doesn’t have to publish if they are going to intervene traders can suspect intervention, but the Japanese government doesn’t have to clarify what they are doing https://www.reuters.com/business/fin...ly-2022-10-21/ https://www-nikkei-com.translate.goo..._x_tr_pto=wapp

Thanks Goose. I hate guessing games.
Don't compare your trades to others. Most often the masses are the asses
  • #86,191
  • Oct 21, 2022 5:26pm Oct 21, 2022 5:26pm
Quoting OBsayMkMoney
Does anyone have proof of this intervention? No one else finds it odd that UJ ripped down at 10:30... right after the US Federal budget balance? Please... if you have a link.. share it. Great day though. The rip up right before the news telegraphed the move down. 147 held maintaining the bullish bias on the higher time frames. For bias to change two of the previous lower highs have to be broken. Reuters is reporting a fear of a possible BOJ intervention over the weekend. When/If it doesn't come... back to those highs we go IMO. 150.5 may provide...
Was more a bubble burst, everyone got enough of waiting, were keep taking price to higher level.
Made to 32 year high - 152, then dropped to circa 146.
Made a few hundred pips too.
Here are some headlines:
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Not sure really if this was consequence of the or orchestrated move by BoJ, they had urgency to safe yen.
  • #86,192
  • Oct 21, 2022 6:28pm Oct 21, 2022 6:28pm
BOJ admits it was their operation.

https://news.yahoo.co.jp/articles/7f...9fba8d43d43afa
  • #86,193
  • Oct 21, 2022 7:14pm Oct 21, 2022 7:14pm
Quoting Forexgogo
BOJ admits it was their operation. https://news.yahoo.co.jp/articles/7f...9fba8d43d43afa
Yeah, no doubt only boj can bring these big candles, as they have 2 largestreserves https://www.investopedia.com/article...x-reserves.asp
Blank and Empty
  • #86,194
  • Oct 22, 2022 3:33am Oct 22, 2022 3:33am
Quoting Forexgogo
BOJ admits it was their operation. https://news.yahoo.co.jp/articles/7f...9fba8d43d43afa
Can you please share text?
From April Yahoo Japan can not be accessed in EU.
  • #86,195
  • Oct 22, 2022 6:34am Oct 22, 2022 6:34am
Quoting Jolita
{quote} Was more a bubble burst, everyone got enough of waiting, were keep taking price to higher level. Made to 32 year high - 152, then dropped to circa 146. Made a few hundred pips too. Here are some headlines: {image} Not sure really if this was consequence of the or orchestrated move by BoJ, they had urgency to safe yen.

Thank you guys! I gave up news blurps after Trump... I couldn't take it anymore. This is good. If history repeats we will retest the high.
Don't compare your trades to others. Most often the masses are the asses
  • #86,196
  • Oct 22, 2022 6:41am Oct 22, 2022 6:41am
Monday will be wild with the flash PMIs
More time in the market, does not mean you trade better!
  • #86,197
  • Oct 22, 2022 7:23am Oct 22, 2022 7:23am
Quoting Jolita
{quote} Can you please share text? From April Yahoo Japan can not be accessed in EU.
try this. hope google can translate the text.

https://newsdig.tbs.co.jp/articles/-/185194?display=1
  • #86,198
  • Oct 22, 2022 8:02am Oct 22, 2022 8:02am
Quoting Forexgogo
{quote} try this. hope google can translate the text. https://newsdig.tbs.co.jp/articles/-/185194?display=1

It did translate.
Thank you so much!
  • #86,199
  • Oct 23, 2022 2:29pm Oct 23, 2022 2:29pm
Quoting cchin
Yes, it was intervention by the BOJ. We saw about 550 points move today. I believe our members would want make sure I'm alright, and yes, I am. I have closed all my 8 short positions on the USD/JPY pair, when price hit 146.90. All 7 out of 8 trades are in profit. The last trade incurred a very small loss of 3 pips. I'm now out of this pair entirely. Thank you BOJ. {image}
Why did you close the positions?
Don't you believe a bearish trend in this pair?
  • #86,200
  • Oct 23, 2022 3:11pm Oct 23, 2022 3:11pm
USDJPY price action on the daily time frame is experiencing a bearish correction of the technically bullish structure. Last Friday’s bearish drive threatened the 145.720/143.450 horizontal support (green) but failed, printing a bearish candlestick with shadows on both ends. Although further bearish pressure may see the breaching of the 145.720/143.450 horizontal support (green), bulls are still favoured to restore market dominance after a bearish correction or southward market engineering. I am short-term bearish USDJPY, but medium-term bullish.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
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