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USD/JPY Discussion

  • #86,441
  • Feb 3, 2023 2:18pm Feb 3, 2023 2:18pm
There goes the bullish play I have been waiting for. Kept blowing my stops before I could add more. Perhaps the 137 that Elliotishans have been calling for is in play. I am leaning more towards this being the beginning of a 5th wave on the Daily to the upside. BUT I could be wrong.
Don't compare your trades to others. Most often the masses are the asses
  • #86,442
  • Feb 3, 2023 2:28pm Feb 3, 2023 2:28pm
Quoting alsup1955
I think Biden Admin is manipulating the job numbers. With so much debt and inflation, I don't understand how the USD is so strong.
This is MMMERRRIKA! Nothing ever just dies. You have to kill it multiple times lol
Don't compare your trades to others. Most often the masses are the asses
  • #86,443
  • Feb 3, 2023 5:24pm Feb 3, 2023 5:24pm
105.XX target then 98 dxy
  • #86,444
  • Feb 5, 2023 2:08pm Feb 5, 2023 2:08pm
USDJPY price action on the daily time frame has broken above an area of consolidation after a bearish retest of the 126.100/131.500 horizontal support zone (blue) seen on the weekly time frame. We may see further northward move in the early part of this week.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
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Do your homework, follow the footprints of smart money
  • #86,445
  • Feb 5, 2023 5:08pm Feb 5, 2023 5:08pm
Sold uj price 131.9 tp 131.2 no sl. Have a great weekend ahead
  • #86,446
  • Feb 6, 2023 6:15am Feb 6, 2023 6:15am
Quoting alsup1955
I think Biden Admin is manipulating the job numbers. With so much debt and inflation, I don't understand how the USD is so strong.
Yoou say that as if other administrations did not lol
Don't compare your trades to others. Most often the masses are the asses
  • #86,447
  • Feb 6, 2023 6:44am Feb 6, 2023 6:44am
EURNZD GOING DOWN
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  • #86,448
  • Feb 6, 2023 8:01am Feb 6, 2023 8:01am
went long from 132.5, target 134, stop under 132, small position
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #86,449
  • Feb 7, 2023 3:01pm Feb 7, 2023 3:01pm
Quoting shikz
Sold uj price 131.9 tp 131.2 no sl. Have a great weekend ahead
finally closed.
  • #86,450
  • Feb 10, 2023 6:08am Feb 10, 2023 6:08am
Kazuo Ueda, who was reportedly appointed as the new governor of the Bank of Japan, expresses the view that the current monetary policy of the Bank of Japan is appropriate and that continuation of easing is necessary.
  • #86,451
  • Feb 12, 2023 2:17pm Feb 12, 2023 2:17pm
USDJPY price action on the daily time frame turned sideways after a bearish print on Tuesday at the upper boundary of the 131.500/126.100 horizontal support zone (blue) seen on the weekly time frame. The technical pattern favours further southward move.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 13 KB
Do your homework, follow the footprints of smart money
  • #86,452
  • Feb 14, 2023 12:07pm Feb 14, 2023 12:07pm
Due to the development of today's CPI data, the phase of the US in the business cycle is in and market expectations, this was a good trade.
Easy money.
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  • #86,453
  • Edited 10:47am Feb 15, 2023 8:52am | Edited 10:47am
I almost took some shorts at 134, but got cold feet. Using smaller time frames seems like trouble for me.


tried higher here at 134.14, for a scalp...

edit, got lucky and covered for 7 pips...
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Reinforce it
  • #86,454
  • Feb 15, 2023 11:48am Feb 15, 2023 11:48am
Quoting Rebar
I almost took some shorts at 134, but got cold feet. Using smaller time frames seems like trouble for me. tried higher here at 134.14, for a scalp... edit, got lucky and covered for 7 pips... {image}
Not sure why you almost went short. Don't triangle rules state that you wait for price to exit the triangle, then retest it? It exited to the top, and retested and then continued.
Don't compare your trades to others. Most often the masses are the asses
  • #86,455
  • Edited 1:38pm Feb 15, 2023 11:56am | Edited 1:38pm
Quoting OBsayMkMoney
{quote} Not sure why you almost went short. Don't triangle rules state that you wait for price to exit the triangle, then retest it? It exited to the top, and retested and then continued.
Now that you mention it, sounds about right. I was kinda looking at something else, these wicks on the 30 min.

PS, couple of suspicious looking wicks on the hourly also now...maybe we see a small pullback again, but I don't expect much
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Reinforce it
  • #86,456
  • Feb 16, 2023 1:44pm Feb 16, 2023 1:44pm
Time to jump on the UJ wagon

Long here with 4:1 RR trade

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...because you never know - until you do!
  • #86,457
  • Feb 16, 2023 2:53pm Feb 16, 2023 2:53pm
Quoting Rebar
{quote} Now that you mention it, sounds about right. I was kinda looking at something else, these wicks on the 30 min. PS, couple of suspicious looking wicks on the hourly also now...maybe we see a small pullback again, but I don't expect much {image}
Sounds like you are wishing upon a star my friend. Don't. Wishes die in Fx sadly.
Don't compare your trades to others. Most often the masses are the asses
  • #86,458
  • Feb 17, 2023 5:07am Feb 17, 2023 5:07am
#USDJPY / H1
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  • #86,459
  • Feb 18, 2023 1:21am Feb 18, 2023 1:21am
Quoting OBsayMkMoney
{quote} Sounds like you are wishing upon a star my friend. Don't. Wishes die in Fx sadly.
yup, rough week...need to get a handle on some things, quick..
Reinforce it
  • #86,460
  • Feb 19, 2023 1:52pm Feb 19, 2023 1:52pm
Although USDJPY is technically bullish, it is tackling a mini area of resistance on the daily time frame and presently sideways in the area. Further bullish drive would see a charge towards the 135.750/137.430 daily supply area (red).

I may be wrong. Trade safe and prosper.
KP

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 13 KB
Do your homework, follow the footprints of smart money
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