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USD/JPY Discussion

  • #88,181
  • Jun 20, 2024 9:26am Jun 20, 2024 9:26am
Then...
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Now...
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Target hit. Shaving off profits..
Don't compare your trades to others. Most often the masses are the asses
  • #88,182
  • Jun 20, 2024 9:39am Jun 20, 2024 9:39am
Real Good ...

Real Good ...

Keep it up. Enjoy the profits..
To Hedge Or Not To Hedge
  • #88,183
  • Jun 20, 2024 10:44am Jun 20, 2024 10:44am
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JY 5' ---Approaching dangerous waters................ SL at 158.32 now.

Perhaps I should cash out on next jerk up to ...say 158.80 ...

  • #88,184
  • Jun 20, 2024 8:36pm Jun 20, 2024 8:36pm
According to the daily chart, USD/JPY will keep rising despite of it being overbought across all timeframes as a breakout happened. I see USD/JPY heading to 160.22
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  • #88,185
  • Jun 20, 2024 8:40pm Jun 20, 2024 8:40pm
yes rsi on nose agrees
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  • #88,186
  • Jun 23, 2024 5:31am Jun 23, 2024 5:31am
Don’t become trapped like those who sold below 150 thinking BOJ will intervene or that the rate hike will push it down instead it went up a 1000 pips, 160 is about to become history like 150 and price will rally above it and u will be holding sells and paying huge swaps everyday that eventually the swaps will eat your account and even if UJ falls it won’t help u coz or how much swaps u paid
  • #88,187
  • Jun 23, 2024 2:36pm Jun 23, 2024 2:36pm
USDJPY price action on the daily time frame is bullish. Presently, price action is tacking the 160.00 all-time high area.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #88,188
  • Jun 24, 2024 8:01pm Jun 24, 2024 8:01pm
Short
Emotional Control. Process, not outcome.
  • #88,189
  • Jun 25, 2024 2:31am Jun 25, 2024 2:31am
Yesterdays small intervention was just a trap being set up for retail sellers to believe that BOJ will intervene if it goes higher but as u can see they intervened last time at 160 and price still came back up, smart money know there won’t be a big intervention and as price reaches 160, more and more sellers will come in, we could get a huge spike to the upside reaching 170-175, so hold your buys, plenty of dip buyers now ready to buy any dip
  • #88,190
  • Jun 25, 2024 3:50am Jun 25, 2024 3:50am
The most empty part is not knowing when they will step in ，let me losing a lot of money.



Quoting LukaPetek
Yesterdays small intervention was just a trap being set up for retail sellers to believe that BOJ will intervene if it goes higher but as u can see they intervened last time at 160 and price still came back up, smart money know there won’t be a big intervention and as price reaches 160, more and more sellers will come in, we could get a huge spike to the upside reaching 170-175, so hold your buys, plenty of dip buyers now ready to buy any dip
When you look at Chart,there are 10,000 traders do the same time
  • #88,191
  • Jun 25, 2024 8:46am Jun 25, 2024 8:46am
Quoting LukaPetek
Don’t become trapped like those who sold below 150 thinking BOJ will intervene or that the rate hike will push it down instead it went up a 1000 pips, 160 is about to become history like 150 and price will rally above it and u will be holding sells and paying huge swaps everyday that eventually the swaps will eat your account and even if UJ falls it won’t help u coz or how much swaps u paid


True.. Unless you push your expiration out to next year....
Don't compare your trades to others. Most often the masses are the asses
  • #88,192
  • Jun 25, 2024 8:48am Jun 25, 2024 8:48am
Quoting KeenPips
USDJPY price action on the daily time frame is bullish. Presently, price action is tacking the 160.00 all-time high area. I may be wrong. Trade safe and prosper. KP {image}


160 is NOT the all time high!!!!! UJ began trading in the 300s, The current floor is 157
Don't compare your trades to others. Most often the masses are the asses
  • #88,193
  • Jun 25, 2024 8:50am Jun 25, 2024 8:50am
Quoting LukaPetek
Yesterdays small intervention was just a trap being set up for retail sellers to believe that BOJ will intervene if it goes higher but as u can see they intervened last time at 160 and price still came back up, smart money know there won’t be a big intervention and as price reaches 160, more and more sellers will come in, we could get a huge spike to the upside reaching 170-175, so hold your buys, plenty of dip buyers now ready to buy any dip

Them speaking of an intervention is not an intervention. This is akin to the parent who warns of a beating but only gives it when things truly get disrespectful.
Don't compare your trades to others. Most often the masses are the asses
  • #88,194
  • Jun 25, 2024 1:50pm Jun 25, 2024 1:50pm
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Long.......SL at BE ---

  • #88,195
  • Jun 25, 2024 1:57pm Jun 25, 2024 1:57pm
Posting this again so folks are in the know. The all time high for UJ was set in 1971 when the instrument started trading. Why then you might ask does MT4 not show this information? Perhaps because MT4 was invented in 2000 and distributed around 2005. At least according to Wikipedia
https://en.wikipedia.org/wiki/MetaTr...eir%20clients.


Here is the chart along with a link from Macro trends
https://www.macrotrends.net/2550/dol...storical-chart
Also an excerpt from Trading Economics website
The USDJPY decreased 0.2630 or 0.16% to 159.4350 on Tuesday June 25 from 159.6980 in the previous trading session. Historically, the Japanese Yen reached an all time high of 358.44 in January of 1971. Japanese Yen - data, forecasts, historical chart - was last updated on June 25 of 2024.

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In short be careful of those the thought process that we are at all time highs because it will trap you into thinking that we are at a top, and we are not. November 1 1986 saw us at 163.03 That IMO is our current target or thereabouts. However if 164's get printed 174 is on deck.

Good luck, and happy pipping
Don't compare your trades to others. Most often the masses are the asses
  • #88,196
  • Jun 25, 2024 2:07pm Jun 25, 2024 2:07pm
BOJ Interventions....

This is a chart of the interventions. Verbal, and actual. IMO unless they are actively selling the Yen, the talk is just that.. Talk, and easily recovered from. The 1998 intervention ended with us at 75. 61.8 of the total move takes us back to 181.

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Don't compare your trades to others. Most often the masses are the asses
  • #88,197
  • Jun 25, 2024 9:04pm Jun 25, 2024 9:04pm
Quoting Konichiwhaat
Short
Nope
Emotional Control. Process, not outcome.
  • #88,198
  • Jun 26, 2024 1:37am Jun 26, 2024 1:37am
Today could be the day where we get a huge short squeeze where price will spike up to 170-175, keep holding your buys, MM know majority of ppl aren’t patient enough and will close their buys for small profits so the short squeeze will happen without them, as for sellers they will hold waiting for intervention but there won’t be one and so their loss will fuel price to go higher and higher, keep holding your buys
  • #88,199
  • Jun 26, 2024 4:22am Jun 26, 2024 4:22am
USDJPY quarterly chart from 1971 and external FIBO retracements from trading range (1995/2023)
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  • #88,200
  • Jun 26, 2024 7:12am Jun 26, 2024 7:12am
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Long........SL now at 160.13 .................

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