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USD/JPY Discussion

  • #88,141
  • May 31, 2024 6:19am May 31, 2024 6:19am
Quoting mtako
{quote}Cheers Konichiwhaat! Well done mate on following your plan and you got a bonus for learning something as well, so very well done ! Now my friend, does this mean you will finally try it the other way and jump on the buying train with me at last!? I hope so! And if so... {image}
I shouldn't laugh at this.. but I did.. Priceless.
Don't compare your trades to others. Most often the masses are the asses
  • #88,142
  • May 31, 2024 6:57am May 31, 2024 6:57am
I'm buying...
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  • #88,143
  • May 31, 2024 9:33am May 31, 2024 9:33am
Out. That was nice and quick.
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  • #88,144
  • Jun 2, 2024 12:58pm Jun 2, 2024 12:58pm
USDJPY price action on the daily time frame went sideways as it tackles the 157.290 horizontal resistance area. Presently, price action is within a rising channel (magenta).

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #88,145
  • Jun 3, 2024 4:40am Jun 3, 2024 4:40am
Today, stock prices fell due to a scandal involving a Japanese car manufacturer. However, stock prices have risen since then, and if economic indicators are roughly in line with forecasts, the value of the US dollar is expected to rise fundamentally.
  • #88,146
  • Jun 3, 2024 12:45pm Jun 3, 2024 12:45pm
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  • #88,147
  • Jun 3, 2024 10:21pm Jun 3, 2024 10:21pm
mmm, my spider sense is tingling... the rumor mill is churning here in Japan in the local trading community. Buckle up?...
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Emotional Control. Process, not outcome.
  • #88,148
  • Jun 3, 2024 10:26pm Jun 3, 2024 10:26pm
excellent price to buy usd/jpy 114.48
  • #88,149
  • Jun 3, 2024 10:32pm Jun 3, 2024 10:32pm
Quoting zion1948
excellent price to buy usd/jpy 114.48
I'll adjust my TP then and meet you there!
Emotional Control. Process, not outcome.
  • #88,150
  • Jun 4, 2024 5:11am Jun 4, 2024 5:11am
Then...
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now...
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Breaking the daily trendline to me signifies the end of wave 3. I believe we will continue upward from the 151 mark with more sideways action to come throughout the summer. But first we need to break the upward trendline. Patience. September rate change will be what breaks the sideways action. Long target is still 174 in my book, and I will sell long term at that level.
Don't compare your trades to others. Most often the masses are the asses
  • #88,151
  • Jun 4, 2024 4:48pm Jun 4, 2024 4:48pm
Quoting Konichiwhaat
mmm, my spider sense is tingling... the rumor mill is churning here in Japan in the local trading community. Buckle up?... {image}
Don't fuck with the "Mrs Watanabe's". Unsure of their next move at the moment
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Emotional Control. Process, not outcome.
  • #88,152
  • Jun 5, 2024 12:28am Jun 5, 2024 12:28am
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I got 2 good longs here , as shown..... Patience ..................

  • #88,153
  • Jun 5, 2024 12:45am Jun 5, 2024 12:45am
Quoting F.g
{image} I got 2 good longs here , as shown..... Patience ..................
Well done, I got some nice shorts over the last couple of days but my rules didn't give me entries for the turn around which started in the Asian session, I trade London 08:00 to 16:00 for entries, mainly because I live near to London and the time of day works for my sleeping
  • #88,154
  • Jun 5, 2024 8:10am Jun 5, 2024 8:10am
Held on 1HR timeframe, and currently retesting lower high. If trendline gets pierced and a 1hr closes below it. Could signal the daily to do the same.
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Don't compare your trades to others. Most often the masses are the asses
  • #88,155
  • Jun 6, 2024 7:58am Jun 6, 2024 7:58am
In the chf/jpy-cad/jpy correlation, I count on a slightly longer term. until it balances again. This is long term speculation.

H1.
  • #88,156
  • Jun 6, 2024 8:47am Jun 6, 2024 8:47am
Daily/ 4H chart showing a lower high right above the Daily support line. Looks like we are building up momentum to get through it.

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Don't compare your trades to others. Most often the masses are the asses
  • #88,157
  • Jun 9, 2024 1:06pm Jun 9, 2024 1:06pm
USDJPY price action on the daily time frame is operating in a rising channel (blue) and retesting the 156.730 horizontal resistance area. A successful bullish breakout of price action from the area would see further northward drive.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #88,158
  • Edited 8:08pm Jun 9, 2024 7:49pm | Edited 8:08pm
At what stage will the BOJ step in again. Tight stops.
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  • #88,159
  • Jun 10, 2024 6:16am Jun 10, 2024 6:16am
BoJ has only one option how to support yen, sell huge amounts of bonds and reduce their buying. Rates doesn't come to play now. Dollar aiming 106, Macron betrayed euro, BoJ so carefully of everything, well without first stated this will go only up. Do not expect FED cut rates this year.
  • #88,160
  • Jun 12, 2024 1:12am Jun 12, 2024 1:12am
Boj needs to support the yen and raise interest rates slowly because they are too late to keep up with the fed's interest rates, otherwise all the effort is in vain when the exchange rate will help US inflation move to Japan
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