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USD/JPY Discussion

  • #87,941
  • Apr 26, 2024 2:32am Apr 26, 2024 2:32am
Quoting JackintheBox
They have to intervene today or the effect will be less on monday and next week. But even a move of 500 pips would make no long uncomfortable due to interest rates (about 600 pips per year currently).
Holy moly... they (BOJ) really messed it up now. I really hope the sell the yen, too for more money to intervene later. Or that they have a strategy at least. Carry traders laugh at them hard. The intervention must be extreme (at least 300 pips in first few minutes) to get people to start to sell USD/JPY. The upmove was so strong last weeks that probably almost all institutionals have no worser avg. than 153. So they can chill. That would be currently 400 pips down... oh dear.
  • #87,942
  • Apr 26, 2024 3:04am Apr 26, 2024 3:04am
Quoting ICouldBWrong
If things continue like this, I almost feel like they'll have to intervene. The Yen is
down about 4% against a handful of currency pairs just over the past week, not to mention being down nearly 30% against all the majors over the past year. This obviously can't continue at this pace for too much longer or the Yen will soon be toilet paper.
Well dang, I didn't think it would be that soon. I only posted this a half hour ago. Thanks BOJ!
  • #87,943
  • Apr 26, 2024 3:11am Apr 26, 2024 3:11am
some down move happening la
  • #87,944
  • Apr 26, 2024 3:15am Apr 26, 2024 3:15am
Very volatility currently dive down then go back up dive down n go back up again. I dare not aim more pips. Just take n run
  • #87,945
  • Apr 26, 2024 3:16am Apr 26, 2024 3:16am
This time I was with bulls. Damn it. BOJ, do whatever you want to do. I'm long now! And made a fortune. My avg. is now 155.30 and I made a one day earning extra. Dang !


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  • #87,946
  • Apr 26, 2024 3:24am Apr 26, 2024 3:24am
lol, as expected. Here we go again, new highs in sight already at EUR/JPY and GBP/JPY and AUD/JPY. USD/JPY a bit more space but not much. Told you not to do that in london session, BOJ. Told you. Anyway, I regained all my losses + extra win + long now. Now you lost one more shortie to the longs. Congrats.
  • #87,947
  • Apr 26, 2024 7:03am Apr 26, 2024 7:03am
Watch out guys. There will be intervention on JPY durning US session today.
  • #87,948
  • Apr 26, 2024 7:12am Apr 26, 2024 7:12am
Quoting Wilczur
Watch out guys. There will be intervention on JPY durning US session today.
Does this mean you're secretly long?
  • #87,949
  • Apr 26, 2024 7:45am Apr 26, 2024 7:45am
Quoting tritan
{quote} Does this mean you're secretly long?
Ofcourse, Sir
  • #87,950
  • Apr 26, 2024 7:47am Apr 26, 2024 7:47am
Quoting Wilczur
Watch out guys. There will be intervention on JPY durning US session today.
This has been talking since duno how long ago. im still waiting.. damn missed so many chances during this wait.
  • #87,951
  • Apr 26, 2024 7:48am Apr 26, 2024 7:48am
if intervention come in, will SL help?
  • #87,952
  • Apr 26, 2024 7:54am Apr 26, 2024 7:54am
Quoting Wilczur
{quote} Ofcourse, Sir
lol excellently played sir
  • #87,953
  • Apr 26, 2024 9:13am Apr 26, 2024 9:13am
Keep waiting for that drop. Even if one comes. It isn't going to take us too far down. I keep telling you guys. The Japanese are a proud group. Not only that, but.. as I mentioned in an earlier thread post.. Cup and Handle...
Not saying that I am perfect. I too was short initially. I cut that short when we lifted over the rim of the cup. Been in profit ever since.
Don't compare your trades to others. Most often the masses are the asses
  • #87,954
  • Apr 26, 2024 9:17am Apr 26, 2024 9:17am
Quoting JackintheBox
lol, as expected. Here we go again, new highs in sight already at EUR/JPY and GBP/JPY and AUD/JPY. USD/JPY a bit more space but not much. Told you not to do that in london session, BOJ. Told you. Anyway, I regained all my losses + extra win + long now. Now you lost one more shortie to the longs. Congrats.


These are not new highs. Perhaps short term highs
IF we get over 157 today 170's on deck IMO
Don't compare your trades to others. Most often the masses are the asses
  • #87,955
  • Apr 26, 2024 9:18am Apr 26, 2024 9:18am
Quoting OBsayMkMoney
USD/JPY Weekly long target 172. We appear to be in Wave 5 of 5. 154.600-157 looks like a good place for a possible first rate cut to retest the current highs before finishing off. {image} {image} HOWEVER... Wave 4 also does not appear finished. If it were it would IMO look more like an ABC shown in blue. FOMC is in a week. Looking for the direction to unfold tonight or tomorrow. If it points down. Looking for a Wave C to come in around 140 area. {image} More than likely though it will bounce around these levels before going to the low. So.. three...

Anyone remember when that crazy guy posted this???!!
Don't compare your trades to others. Most often the masses are the asses
  • #87,956
  • Apr 26, 2024 9:19am Apr 26, 2024 9:19am
Quoting OBsayMkMoney
{quote} I for one do not think that they will intervene. At least not until 157 IMO. I could be wrong, but I don't see a true intervention until things become untenable. For me that is 157.


Or this?
Don't compare your trades to others. Most often the masses are the asses
  • #87,957
  • Apr 26, 2024 10:27am Apr 26, 2024 10:27am
Quoting OBsayMkMoney
{quote} Sounds about right. Year end 152, April 2024 FED 157, with Bitcoin at 12000. By then the Republicans will be in the house and we can pretend the country is making money again.

I got the 157 right here. Just not the Bitcoin
Don't compare your trades to others. Most often the masses are the asses
  • #87,958
  • Apr 26, 2024 10:33am Apr 26, 2024 10:33am
High chances that we will hit 160 before something happen..until then I stay out
  • #87,959
  • Apr 26, 2024 10:47am Apr 26, 2024 10:47am
Maybe this will help you guys...
Nas100 Weekly chart. We appear just below the previous area of balance. Retesting it. Should we enter that area we would be open to clearing the whole area of balance. I don't see it though. I believe next week we continue the bearishness that has begun with us stopping around these levels and forming a lower high.



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Weekly UJ. A Fibo Extension off the bottom has us at the 100 percent area...

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The 161 is at 180. Sounds crazy right? Like there is no precedent for it. BUT.. Let's pull out an all time map...
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Hey!!! Look at that! Notice.. this is where I saw the 157 area, and if it fails to keep us under the next level is...... Otherwise we head back to the bottom of this range. to 120. I do not think so however.
Don't compare your trades to others. Most often the masses are the asses
  • #87,960
  • Apr 26, 2024 10:58am Apr 26, 2024 10:58am
Quoting OBsayMkMoney
Maybe this will help you guys... Nas100 Weekly chart. We appear just below the previous area of balance. Retesting it. Should we enter that area we would be open to clearing the whole area of balance. I don't see it though. I believe next week we continue the bearishness that has begun with us stopping around these levels and forming a lower high. {image} Weekly UJ. A Fibo Extension off the bottom has us at the 100 percent area... {image} The 161 is at 180. Sounds crazy right? Like there is no precedent for it. BUT.. Let's pull out an all time map......
Just a random question. Are you a swing trader or you just use the high TF for your day trading?
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