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USD/JPY Discussion

  • #87,081
  • Aug 21, 2023 6:54pm Aug 21, 2023 6:54pm
Alright Here is the Trade On USDJPY

This is tricky but I see this as the Probable Scenario moving forward

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Target is 144.775 Sl is set at 146.542 If this pulls out it will be a tight profit Otherwise I will look for Long Entry
  • #87,082
  • Edited 7:07am Aug 22, 2023 6:56am | Edited 7:07am
Possibly ABC to the downside completed at the 100% mark (A-B = B-C). Testing longs. No news until 10 am Est. If we go deeper will look for bounces at the 161 area. Just closed two shorts in order to cover Long at the high when it turned. Set short stop just in case price goes to the 161. Will watch and scalp should it double bottom at the 100%. Still holding OG long from 138.8. Target there is 150 with manual trailing SL

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Zooming in on the 5M we see a fight at the 61% Extension. A close below could signal a run to the lows or further, but I don't think so yet. It is holding for now.
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Moving my sell stop up just in case I am wrong. If I am and it pushes through the 61% will scalp to the 100 and possibly beyond depending on what I see there.
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Don't compare your trades to others. Most often the masses are the asses
  • #87,083
  • Aug 22, 2023 7:10am Aug 22, 2023 7:10am
Quoting LongTrmTrdng
Alright Here is the Trade On USDJPY This is tricky but I see this as the Probable Scenario moving forward {image} Target is 144.775 Sl is set at 146.542 If this pulls out it will be a tight profit Otherwise I will look for Long Entry
Your chart is missing some valuable intel. Timeframes for one. Otherwise that big red arrow looks like you are predicting a wash out to the downside. Blurr your trade amounts out if you don't want folks to see them.
Don't compare your trades to others. Most often the masses are the asses
  • #87,084
  • Aug 22, 2023 7:12am Aug 22, 2023 7:12am
2 and 20 SMA's about to cross it looks like we may have another leg down.
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Don't compare your trades to others. Most often the masses are the asses
  • #87,085
  • Aug 22, 2023 8:55am Aug 22, 2023 8:55am
Quoting OBsayMkMoney
2 and 20 SMA's about to cross it looks like we may have another leg down. {image}
Nope going long
Don't compare your trades to others. Most often the masses are the asses
  • #87,086
  • Aug 22, 2023 10:30am Aug 22, 2023 10:30am
We may have our Wave 2 off the bottom if the 61 holds. Waves 2 and 4 are usually consolidation areas. We appear to be retesting. My long closed in profit as I moved the SL into profit at first chance. 4 bux. Placing another long. If I am right this Wave 1 has some power behind it. Fib levels say that wave 3 has a possibility of extending to 147.1. Let's see if it plays out. Stacking Long stops.
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Don't compare your trades to others. Most often the masses are the asses
  • #87,087
  • Aug 22, 2023 10:38am Aug 22, 2023 10:38am
Is EurJpy and GbpJpy Retesting or Going for Short?
  • #87,088
  • Aug 22, 2023 11:46am Aug 22, 2023 11:46am
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Learn, a forex trader must, unlearn and relearn he will.
  • #87,089
  • Aug 22, 2023 11:47am Aug 22, 2023 11:47am
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Learn, a forex trader must, unlearn and relearn he will.
  • #87,090
  • Aug 22, 2023 11:49am Aug 22, 2023 11:49am
bears awakening, follow the trend, trend is down
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Learn, a forex trader must, unlearn and relearn he will.
  • #87,091
  • Aug 23, 2023 9:35am Aug 23, 2023 9:35am
Quoting LongTrmTrdng
Alright Here is the Trade On USDJPY This is tricky but I see this as the Probable Scenario moving forward {image} Target is 144.775 Sl is set at 146.542 If this pulls out it will be a tight profit Otherwise I will look for Long Entry
Alright Very Nice Very Nice Trade Target Taken Out

I Would Say One Of The Best Ones Pulled Out Very Nicely

Here is the Screenshot of the Trade Completed

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That Buy Trade was placed in error Haha It happens sometimes

The Screenshot

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I Trade multiple accounts so this was x into some accounts
  • #87,092
  • Aug 23, 2023 9:47am Aug 23, 2023 9:47am
Closing my sell stop. Nice profit. Waiting
Don't compare your trades to others. Most often the masses are the asses
  • #87,093
  • Aug 23, 2023 10:51am Aug 23, 2023 10:51am
Let's see if it fills the gap.
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  • #87,094
  • Aug 23, 2023 7:41pm Aug 23, 2023 7:41pm
Going long again. SL 144.400 TP 145.500
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  • #87,095
  • Aug 24, 2023 12:34pm Aug 24, 2023 12:34pm
Short Setup USDJPY for me

Here is the Screenshot of the Trade

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Target 144.868 for now as shown in screenshot. Target could be upgraded later if needed
  • #87,096
  • Aug 25, 2023 3:16am Aug 25, 2023 3:16am
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few weeks more for Bat short entry
  • #87,097
  • Aug 25, 2023 3:58am Aug 25, 2023 3:58am
why sell, there is no catalyst whatsoever for selling USD/JPY...
  • #87,098
  • Aug 25, 2023 7:06am Aug 25, 2023 7:06am
Quoting bayugap
why sell, there is no catalyst whatsoever for selling USD/JPY...


If you trade UJ, you know, if it doesn't make sense it is probably about to happen. lol
Don't compare your trades to others. Most often the masses are the asses
  • #87,099
  • Aug 25, 2023 9:07am Aug 25, 2023 9:07am
Quoting LongTrmTrdng
Short Setup USDJPY for me Here is the Screenshot of the Trade {image} {image} Target 144.868 for now as shown in screenshot. Target could be upgraded later if needed
Alright here is the upgraded target for USDJPY

I believe this could rise from here but I still have my Short Setup and Target is just upgraded

Here is the Screenshot showing the situation currently

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Target is 145.680

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  • #87,100
  • Aug 25, 2023 9:54am Aug 25, 2023 9:54am
Close Very Close USDJPY Just missed the Target by 3 Pips

Anyway as per Plan I Am Long with Target Shown

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Target is 147.326
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