DislikedChances are very high that Japan intervenes by tomorrow's US market session.Ignored
- #87,902
- Apr 10, 2024 4:26pm Apr 10, 2024 4:26pm
- Joined Aug 2010 | Status: Trader | 1,761 Posts
Chances are very high that Japan intervenes by tomorrow's US market session.
Don’t think they will intervene. They have let the limit go I guess. Maybe the next intervention will come around 160
- #87,903
- Apr 10, 2024 5:09pm Apr 10, 2024 5:09pm
- Joined Jul 2011 | Status: Gold Again | 10,563 Posts
It takes a lot for me to IGNORE you, but you can try.
- #87,904
- Apr 11, 2024 12:49pm Apr 11, 2024 12:49pm
- | Commercial User | Joined Mar 2024 | 1,213 Posts
MQA Approved FX Trainer -
- #87,905
- Apr 11, 2024 1:14pm Apr 11, 2024 1:14pm
- Joined Jan 2019 | Status: Trader | 2,656 Posts
Don't compare your trades to others. Most often the masses are the asses
- #87,906
- Apr 11, 2024 3:44pm Apr 11, 2024 3:44pm
- Joined May 2012 | Status: Senior Member | 3,052 Posts
- #87,907
- Apr 11, 2024 3:47pm Apr 11, 2024 3:47pm
- Joined May 2012 | Status: Senior Member | 3,052 Posts
- #87,909
- Apr 13, 2024 8:55am Apr 13, 2024 8:55am
- Joined Jan 2019 | Status: Trader | 2,656 Posts
Non Sentimental analysis..
UJ on the Weekly chart appears to have not only formed a cup and handle, but now closed above the rim.
If we pull the lens out it is almost identical to the Illustration.
Also this...
IF this continues and cup and handle rules continue to be respected we are looking towards a 174 area hit. That is taking the length of the cup and adding it to the rim.
Not enough? Ok. Let's visit the Dollar. The weekly seems to show us in a wave 3. Wave 3 usually ends at 261. However we also appear to be in a weekly range. If so UJ could also be in a weekly range above the lip before continuing.
Emotional input:
This coupled with what is going on in the US where the FED appears to be pushing the cut back and now whispers of a possible HIKE are in the air? Japan intervened in 2022. That was two short years ago. I think they need more time to fill their coffers before they put billions more into the economy. This is Japan after all. They suffer with pride. Not like here where how we look means everything.
UJ on the Weekly chart appears to have not only formed a cup and handle, but now closed above the rim.
If we pull the lens out it is almost identical to the Illustration.
Also this...
IF this continues and cup and handle rules continue to be respected we are looking towards a 174 area hit. That is taking the length of the cup and adding it to the rim.
Not enough? Ok. Let's visit the Dollar. The weekly seems to show us in a wave 3. Wave 3 usually ends at 261. However we also appear to be in a weekly range. If so UJ could also be in a weekly range above the lip before continuing.
Emotional input:
This coupled with what is going on in the US where the FED appears to be pushing the cut back and now whispers of a possible HIKE are in the air? Japan intervened in 2022. That was two short years ago. I think they need more time to fill their coffers before they put billions more into the economy. This is Japan after all. They suffer with pride. Not like here where how we look means everything.
Don't compare your trades to others. Most often the masses are the asses
- #87,911
- Apr 14, 2024 2:30pm Apr 14, 2024 2:30pm
- Joined Dec 2015 | Status: Trader | 8,751 Posts
USDJPY price action on the daily time frame is in a bullish mode. On Wednesday, it broke above the 152.00 horizontal resistance area and produced an all-time high at the 153.381 area. Although presently the bullish momentum has waned, technically, we may still see further northward market engineering before any significant bearish correction.
I may be wrong. Trade safe and prosper.
KP
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
{quote} Watch it Rise Rise and RiseThis 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...
However the trade is closed at 152.976 capturing a nice gain
Will share screenshot below
I went Short around those levels that is 153.000 But market seemed to have a Nice Twist Up so I am up with the flow Targetting 154.880
Screenshot Below
Once I become Member I will place Live Trade Explorer where all moves can be followed and analysed and one will see Trading Next Step forward not seen before
- #87,918
- Apr 16, 2024 1:22am Apr 16, 2024 1:22am
- | Commercial User | Joined Mar 2024 | 1,213 Posts
MQA Approved FX Trainer -
{quote} Alright what a turn of things once again. One has to be really up and on top when trading USDJPY at these levels. I have exited the longs and Short for a nice ride down Below screenshot explains the situation with use of highly strategic sls that can still go wrong so must have multiple backups with a sound well run money management Will share screenshot of ongoing trades and trades closed next message
This is one of small accounts of mine and is copied by copier with proportional lot increase on larger account
As you can see Short Trades are on with target around 153.890 for a sizeable gain from the USDJPY trades
Ok Thats the update
See you for now. Once I become Member I will post the trade Explorer where trades can be analysed with greater detail and depth