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USD/JPY Discussion

  • #86,401
  • Jan 12, 2023 5:42am Jan 12, 2023 5:42am
Quoting ForexGoose
{quote} bigger dump is coming after a soft CPI report
if the price stays below 130.4 within the next hour, I will add more short positions
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #86,402
  • Jan 12, 2023 8:41am Jan 12, 2023 8:41am
Quoting ForexGoose
{quote} if the price stays below 130.4 within the next hour, I will add more short positions
sold from 129.9, stop loss above 130.5, target profit is open, but maybe somewhere around the 126 level
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #86,403
  • Jan 12, 2023 10:58am Jan 12, 2023 10:58am
Quoting ForexGoose
{quote} sold from 129.9, stop loss above 130.5, target profit is open, but maybe somewhere around the 126 level
I am short why????? I am a turtle
  • #86,404
  • Jan 12, 2023 10:59am Jan 12, 2023 10:59am
Quoting ForexGoose
{quote} sold from 129.9, stop loss above 130.5, target profit is open, but maybe somewhere around the 126 level

Should have payed more attention to your trade

Apparently BOJ could relax more of its rate policy. This could give big moves in favour of Yen. So dangerous for longs.
  • #86,405
  • Jan 12, 2023 3:27pm Jan 12, 2023 3:27pm
There is a possibility that it will break through around 126.550 (Day staple), then it will create huge liquidity, many SL gone. If that lower rectangle breaks, Then long may be very likely.
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  • #86,406
  • Jan 12, 2023 3:39pm Jan 12, 2023 3:39pm
TF traded would be helpful to mention...
ForexGoose great vision on this pair amigo -
and always mentioning the TF traded is helpful for less experienced traders and students.

Good stuff
ZT
  • #86,407
  • Edited 12:54pm Jan 13, 2023 12:42am | Edited 12:54pm
Seems legitimate (referring to my previous post), but anything can happen. Trade safe all. (Day-staple)
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  • #86,408
  • Jan 13, 2023 6:05am Jan 13, 2023 6:05am
#USDJPY / H4
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  • #86,409
  • Jan 13, 2023 6:27am Jan 13, 2023 6:27am
Quoting Ayax.TSS
#USDJPY / H4{image}
As a turtle we dont predict!!!
  • #86,410
  • Jan 15, 2023 12:15pm Jan 15, 2023 12:15pm
USDJPY price action on the daily time frame broke down the 129.090 horizontal support (Sandybrown) on Friday. It is presently tackling the 128.070/126.100 horizontal support zone (blue), which has been in place since May 30, 2022. As the technical impulse is bearish, we may still see further southward move in the early part of this week.

I may be wrong. Trade safe and prosper.

KP


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Do your homework, follow the footprints of smart money
  • #86,411
  • Jan 15, 2023 7:31pm Jan 15, 2023 7:31pm
Quoting ForexGoose
{quote} sold from 129.9, stop loss above 130.5, target profit is open, but maybe somewhere around the 126 level
I closed all my short positions at 127.5

I will re-enter short after the BOJ announcement this week if they are less dovish
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #86,412
  • Jan 17, 2023 11:00am Jan 17, 2023 11:00am
Quoting ForexGoose
{quote} I closed all my short positions at 127.5 I will re-enter short after the BOJ announcement this week if they are less dovish
it would be funny if the BOJ disappointed the markets and USD/JPY shot up to 130+

I sense that there could be a big bull move in the Asian session after the BOJ announcement, causing retail traders who are mostly short to lose
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #86,413
  • Jan 17, 2023 3:57pm Jan 17, 2023 3:57pm
I have a feeling EURJPY might go towards 135. I won't trade it as the movement could be fast in any direction. Just for fun I write it.
  • #86,414
  • Jan 17, 2023 7:45pm Jan 17, 2023 7:45pm
Quoting ForexGoose
{quote} it would be funny if the BOJ disappointed the markets and USD/JPY shot up to 130+ I sense that there could be a big bull move in the Asian session after the BOJ announcement, causing retail traders who are mostly short to lose {image}
As predicted earlier, the BOJ didn’t do what the market wanted and USD/JPY rallied. Too bad that I didn’t buy it earlier.
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #86,415
  • Jan 18, 2023 5:20am Jan 18, 2023 5:20am
Quoting ForexGoose
{quote} it would be funny if the BOJ disappointed the markets and USD/JPY shot up to 130+ I sense that there could be a big bull move in the Asian session after the BOJ announcement, causing retail traders who are mostly short to lose {image}
That's exactly what happened

My EA was smart enough to make some pips from it...

Was sleeping

Switched it off, let's see what d Market gives after US NEWS.
  • #86,416
  • Jan 18, 2023 8:14am Jan 18, 2023 8:14am
Quoting ChiForex
This is a long term sell and forget level. Reminds me of 80 level with lots of BOJ interventions at that time and see where we are today Only idiots of speculators buy at current price levels!
And profit still running from 150, no support before 125 and then still lower....
Investors think long term safe profits, gamblers think short term scalping.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #86,417
  • Jan 19, 2023 8:14am Jan 19, 2023 8:14am
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Zoomed IN:
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If breaks 127.4, expect much lower and quick. be careful with longs. Did this exact patter in late 2018,
Learn, a forex trader must, unlearn and relearn he will.
  • #86,418
  • Jan 20, 2023 5:05am Jan 20, 2023 5:05am
Bought from 130, target is 131+
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #86,419
  • Jan 20, 2023 6:08am Jan 20, 2023 6:08am
Quoting ForexGoose
Bought from 130, target is 131+
adjusted stop loss to break-even
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #86,420
  • Jan 20, 2023 7:39am Jan 20, 2023 7:39am
Quoting ForexGoose
{quote} adjusted stop loss to break-even
stopped out with minor profit, bulls are not yet ready to exceed 130 it seems
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
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