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USD/JPY Discussion

  • #87,881
  • Apr 2, 2024 8:40am Apr 2, 2024 8:40am
Indices appear to be rolling over. Short these levels, but only as a scalp. IMO more above to be had after small retracement.


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Don't compare your trades to others. Most often the masses are the asses
  • #87,882
  • Apr 2, 2024 3:08pm Apr 2, 2024 3:08pm
https://www.forexfactory.com/news/12...vention-sounds

Ex-Official Who Warned of 2022 Yen Intervention Sounds New Alarm

New Alarm???? Seems same old story to me, but hey, remember the CHF

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Maybe lots of sell stops already in place, you know, the algos.
MAY THE TREND BE WITH YOU
  • #87,883
  • Apr 7, 2024 3:10pm Apr 7, 2024 3:10pm
The 151.610 horizontal resistance area has remained intact for quite a long time on the USDJPY daily time frame. Presently, price action is tackling the area but has remained sideways for several days. We may see a southward drive for liquidity grab at an intra-day area of value before another bullish charge at the 151.610 horizontal resistance area.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #87,884
  • Apr 7, 2024 9:26pm Apr 7, 2024 9:26pm
Well certainly alot of traders are selling UJ now, im sure there are plenty whom are buying too hoping for liquidity grab above 151.95, my view is price is on the verge of drop, it will still inch higher towards 151.81-151.86 before it heads down, this time the drop over several months or perhaps a year could be for than 1,500 pips, of course no sane person will keep such position open for a long time due to high swap, i will be entering and exiting within max days time
  • #87,885
  • Apr 8, 2024 8:40am Apr 8, 2024 8:40am
Well although everybody is Bearish for this UJ and its critical I am long UJ and Target could be nearly 300 - 400 pips up

Entry 152 around Target 154 or little lower to be on safe side
  • #87,886
  • Apr 8, 2024 8:43am Apr 8, 2024 8:43am
Sl is open
  • #87,887
  • Apr 8, 2024 10:03am Apr 8, 2024 10:03am
Lots of JPY News on card for today could set the motions for UJ

However these are critical levels and if Sl is open means Trade must be monitored. Anybody following should beware and be careful and not follow anybody and do their due diligence too.

However by me this is the most likely scenario and I have a plan set for it

Important thing Enjoy the Trade till the End
  • #87,888
  • Apr 8, 2024 11:15am Apr 8, 2024 11:15am
This is live account trade screenshot not demoing at all

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As you can see target is nearly 200 pips

Some sl has been placed but that is my own management otherwise sl is free for now
  • #87,889
  • Apr 8, 2024 11:30am Apr 8, 2024 11:30am
Quoting VancouverTR
Well although everybody is Bearish for this UJ and its critical I am long UJ and Target could be nearly 300 - 400 pips up Entry 152 around Target 154 or little lower to be on safe side

Ditto. Unless the indices shoot up some more, but it looks like they are turning.
Don't compare your trades to others. Most often the masses are the asses
  • #87,890
  • Apr 8, 2024 7:49pm Apr 8, 2024 7:49pm
85 successful uj buys this year. i want this to drop hard so that i can buy again
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  • #87,891
  • Apr 8, 2024 8:19pm Apr 8, 2024 8:19pm
Quoting VancouverTR
This is live account trade screenshot not demoing at all {image} As you can see target is nearly 200 pips Some sl has been placed but that is my own management otherwise sl is free for now
No money to be made in small trades like this if you're actually paying taxes.

If you're making a bazillion small trades you're an accountants worst nightmare.
"A true speculator tries the market small." - Jesse Livermore
  • #87,892
  • Apr 8, 2024 10:02pm Apr 8, 2024 10:02pm
Quoting Jgcole83
{quote} No money to be made in small trades like this if you're actually paying taxes. If you're making a bazillion small trades you're an accountants worst nightmare.
"No trade is still a trade." - Peter Borish
  • #87,893
  • Apr 9, 2024 4:54am Apr 9, 2024 4:54am
Quoting BlackLotus
85 successful uj buys this year. i want this to drop hard so that i can buy again {image}
me too losing my patience for the drop already. ha. wish i can be as successful as u.
  • #87,894
  • Apr 9, 2024 5:16am Apr 9, 2024 5:16am
Quoting fxmasterdxb
Well certainly alot of traders are selling UJ now, im sure there are plenty whom are buying too hoping for liquidity grab above 151.95, my view is price is on the verge of drop, it will still inch higher towards 151.81-151.86 before it heads down, this time the drop over several months or perhaps a year could be for than 1,500 pips, of course no sane person will keep such position open for a long time due to high swap, i will be entering and exiting within max days time
well UJ is being UJ, no major move till now, high is been 151.93 when is 7 pips higher than my predictions, im still expecting a move south any moment now to tomorrow
  • #87,895
  • Apr 9, 2024 6:06am Apr 9, 2024 6:06am
A Turkish trader on Forex Factory stole the EUR/USD thread of SNPRR and created his own thread, EURUSD, ignoring my attempts to participate. Despite being a member for decades, I've never experienced hostility like this before. No offense intended. However, I anticipated this and had a plan in place. I've never asked for subscriptions, but now someone at Forex Factory is silencing my voice. I appreciate subscribers who listen to what I have to say. Thank you.

Avir
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FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #87,896
  • Apr 9, 2024 1:37pm Apr 9, 2024 1:37pm
Quoting OBsayMkMoney
{quote} Ditto. Unless the indices shoot up some more, but it looks like they are turning.
Tomorrow's CPI is gonna be Ruthless. NO Adding will stop it if caught on the wrong side. Hence I have now Sl in place for this 151.490. All Other things remain the same. In trading business to say you are 100% is wrong only staying on top of the game is right
  • #87,897
  • Apr 9, 2024 1:55pm Apr 9, 2024 1:55pm
Quoting BlackLotus
85 successful uj buys this year. i want this to drop hard so that i can buy again {image}
Possibility is there by Tomorrow maybe Massive Drop
  • #87,898
  • Apr 9, 2024 2:19pm Apr 9, 2024 2:19pm
Quoting Avir
A Turkish trader on Forex Factory stole the EUR/USD thread of SNPRR and created his own thread, EURUSD, ignoring my attempts to participate. Despite being a member for decades, I've never experienced hostility like this before. No offense intended. However, I anticipated this and had a plan in place. I've never asked for subscriptions, but now someone at Forex Factory is silencing my voice. I appreciate subscribers who listen to what I have to say. Thank you. Avir {image}
I don't participate much on forex factory anymore just because it's filled with people who participate or developed get rich quick methods or systems who are completely unaware of how to manage risk or leverage and don't have a clue when it comes to basic economics.

Your time is probably better spent focused on becoming a better trader and just distancing yourself from these forums.
"A true speculator tries the market small." - Jesse Livermore
  • #87,899
  • Apr 10, 2024 7:50am Apr 10, 2024 7:50am
Quoting VancouverTR
{quote} Possibility is there by Tomorrow maybe Massive Drop
Watch it Rise Rise and Rise This was on cards

My target is 153.500 Will post live screenshot here so per my previous analysis connecting the strings upto this post

However 155.000 is high on radar but as per my specification for trading and management I will be out 153.500

Gbpjpy I am already out with a decent gain at 152.900 posted on Gbpjpy thread. Will post Trade Closure screenshot on the relevant thread. CHECK IT OUT for sure. It was planned well in advance

Over and out See you for now

For now I can say Breakout on UJ has been achieved
  • #87,900
  • Apr 10, 2024 4:19pm Apr 10, 2024 4:19pm
Chances are very high that Japan intervenes by tomorrow's US market session.
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