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USD/JPY Discussion

  • #88,501
  • Oct 22, 2024 10:54pm Oct 22, 2024 10:54pm
Quoting Niru
Surely a big retracement is coming soon.
When is the question....tomorrow?? next week?? next year???

who knows
  • #88,502
  • Oct 22, 2024 11:38pm Oct 22, 2024 11:38pm
Free money here
  • #88,503
  • Oct 23, 2024 4:20am Oct 23, 2024 4:20am
Quoting stormtrader
{quote} {image} The strongest Fair value gap in monthly timeframe...this thing is geting a nosedive soon
Hi Stormrader This is my monthly chart. I see an upchannel that price broke for 2 week and is now arrempting to regain. I also see a horiz. line that shows price coming up against a significant price level right now. Are you thinking this will repel price long term? Are you thinking H&S?. At this stage this puppy is bullish. Shorting it with no stop can be a disaster
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If you think you can or cannot do it you are correct
  • #88,504
  • Oct 23, 2024 6:04am Oct 23, 2024 6:04am
Quoting Niru
Surely a big retracement is coming soon.
rsi
When you look at Chart,there are 10,000 traders do the same time
  • #88,505
  • Oct 23, 2024 6:14am Oct 23, 2024 6:14am
Quoting kcal
{quote} rsi
kcal are you disagreeing with the statement or supporting the said view. I don't know how to interpret your post
If you think you can or cannot do it you are correct
  • #88,506
  • Oct 23, 2024 6:37am Oct 23, 2024 6:37am
Quoting Olu
{quote} kcal are you disagreeing with the statement or supporting the said view. I don't know how to interpret your post
when daily’s rsi < 20%, BOJ 90% did sth.
When you look at Chart,there are 10,000 traders do the same time
  • #88,507
  • Oct 23, 2024 7:13am Oct 23, 2024 7:13am
Quoting kcal
{quote} when daily’s rsi < 20%, BOJ 90% did sth.
Can you base a trade idea on the possibility that there might be an intervention? The RSI on a monthly chart has a very wide range. Could be up to 5 handles or more. How can you size your trades?
If you think you can or cannot do it you are correct
  • #88,508
  • Oct 23, 2024 7:17am Oct 23, 2024 7:17am
Quoting Olu
{quote} Can you base a trade idea on the possibility that there might be an intervention? The RSI on a monthly chart has a very wide range. Could be up to 5 handles or more. How can you size your trades?
I am a gambler. Last time I went from 161.8 to 140. I made a few Teslas. Please see my reply history
When you look at Chart,there are 10,000 traders do the same time
  • #88,509
  • Oct 23, 2024 7:23am Oct 23, 2024 7:23am
US economic data and worries over the budget deficit. With elections coming up there's chatter about the ruling LDP potentially losing its grip which adds to the political uncertainty.
From a tech perspective if we break through 153.20 we could see 154.40 and even 155.20. But if we drop below 151.30 watch out for support at 150.20 and 148.60.
Overall, it’s a wild ride right now Investors need to stay sharp
  • #88,510
  • Oct 23, 2024 7:28am Oct 23, 2024 7:28am
I am ALL in no S/L target the
  • #88,511
  • Oct 23, 2024 8:16am Oct 23, 2024 8:16am
Quoting kcal
{quote} I am a gambler. Last time I went from 161.8 to 140. I made a few Teslas. Please see my reply history
Well done on your trades and your profits
Thanks also for explicitly explaining you tading style.
In this business there is no right or wrong.
Irrespective of our perceptions as traders and the systems we use, we are all still learning and all want to milk this system to our singular benefit.
Some people will immiediately discount your thoughts and that is fine. Some traders will research this some more and tha is fine as well.

What is clear is this. You have stated your position. If it works out some traders will say I missed this.
If it doesn't work out going forward traders will say I said so - it was wrong in the first place

So time will tell...
If you think you can or cannot do it you are correct
  • #88,512
  • Oct 23, 2024 8:27am Oct 23, 2024 8:27am
Quoting Doc'
I am ALL in no S/L target the
Hi Doc'
Please clarify. You are all in. Position? Chart?
If you think you can or cannot do it you are correct
  • #88,513
  • Oct 23, 2024 8:34am Oct 23, 2024 8:34am
Quoting Olu
{quote} Well done on your trades and your profits Thanks also for explicitly explaining you tading style. In this business there is no right or wrong. Irrespective of our perceptions as traders and the systems we use, we are all still learning and all want to milk this system to our singular benefit. Some people will immiediately discount your thoughts and that is fine. Some traders will research this some more and tha is fine as well. What is clear is this. You have stated your position. If it works out some traders will say I missed this. If it...
I already had tires leather. after got 149.2 , i got a new car.
When you look at Chart,there are 10,000 traders do the same time
  • #88,514
  • Oct 23, 2024 9:20am Oct 23, 2024 9:20am
Quoting kcal
{quote} I already had tires leather. after got 149.2 , i got a new car.
Again well done on your trades and their outcomes. Were you long or short?
I rejoice with traders that have made something meaningful from this market - forex, commodities, stocks etc.
Well done indeed
If you think you can or cannot do it you are correct
  • #88,515
  • Oct 23, 2024 12:03pm Oct 23, 2024 12:03pm
Quoting olu
{quote} hi stormrader this is my monthly chart. I see an upchannel that price broke for 2 week and is now arrempting to regain. I also see a horiz. Line that shows price coming up against a significant price level right now. Are you thinking this will repel price long term? Are you thinking h&s?. At this stage this puppy is bullish. Shorting it with no stop can be a disaster {image}
it s true my friend that it s really bullish right now and maube i went in a bit early.
But that s exactly the behaviour of a top or bottom. Time will tell i dont use any indis i used to and i scraped them all except for my macd and the divergences of it which really help. I only use candlestick patterns and formations. I was long to this fvg and released my longs to go short at this point. At 154.55 this whole thing is scraped.... If it goes there but i doubt it
  • #88,516
  • Oct 23, 2024 1:47pm Oct 23, 2024 1:47pm
Quoting stormtrader
{quote} it s true my friend that it s really bullish right now and maube i went in a bit early. But that s exactly the behaviour of a top or bottom. Time will tell i dont use any indis i used to and i scraped them all except for my macd and the divergences of it which really help. I only use candlestick patterns and formations. I was long to this fvg and released my longs to go short at this point. At 154.55 this whole thing is scraped.... If it goes there but i doubt it
In many ways we trade the same way. As I use RSI - overbought, oversold and divergence. I also use candlestick patterns especially bullish/bearish engilfing candles, bounce off support or kickback from resistance. Indeed you were a bit early if you are bearish
If you think you can or cannot do it you are correct
  • #88,517
  • Oct 23, 2024 11:36pm Oct 23, 2024 11:36pm
Quoting stormtrader
I have a gift to all of you trading uj go short no sl needed at this point. 151.00 then go to sleep go for vacation go to your families and check it after a month.you will all be rich!!
Emotional Control. Process, not outcome.
  • #88,518
  • Oct 27, 2024 1:55am Oct 27, 2024 1:55am
I would like to join you in analyzing the dollar yen..
We have a strongly bearish weekly candle..
Bearing time frame.. Sell at tomorrow's opening ""
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  • #88,519
  • Oct 27, 2024 3:16pm Oct 27, 2024 3:16pm
USDJPY price action on the daily time frame turned sideways on Friday within the 152.520/150.810 former horizontal support zone (magenta) after a bullish retest on Wednesday. The technical pattern favours further northward move, at least on a short-term basis.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #88,520
  • Oct 28, 2024 12:54am Oct 28, 2024 12:54am
Quoting KeenPips
USDJPY price action on the daily time frame turned sideways on Friday within the 152.520/150.810 former horizontal support zone (magenta) after a bullish retest on Wednesday. The technical pattern favours further northward move, at least on a short-term basis. I may be wrong. Trade safe and prosper. KP {image}


Great analysis.. It seems I made a mistake in calculating the time period.. I wish you success.
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