USD/JPY Discussion

Fibonacci retracement showing strong support and a possible bounce back to 151++. Provided the USD remains strong. Mixed signals, on the current fundamentals.

Hello am just newby I want someone to explain to me how to in cooperate news and charts relationship between them how do them affect change charts trend

I draw horizontal lines as resis - support. I don't know how to analyze news.
Im also a newbie.

Head to the "Calendar" section in the menu above on Forex Factory. Click on the "Detail" icon next to the particular event/data. It will give you all details about how it will affect the market and why. Fundamentals are very important.

@ThaoAnh, please do your research on "Fibonacci Retracements". It will save you a lot of time, just drawing lines.

Thanks Bro.

is there any rationale where the thread is flooded with charts and requotes of your charts in short time spans?

no offense but i did imagine if i were to do that since 2013.....

It is i practice to progress more.

Sold UJ

Hi
I am showing a MML 32

IMO...
Except that they aren't. Any chartist who studies patterns will tell you that price will move into place right before the news. Also how many times has news hit. Price reacted to the fundamental explanations, only for it to turn around mid day and rally? We've all seen it, along with the news beureaus who suddenly midday start to explain how the news isn't that bad after all. To me Fundamentals are a lazy trader's game. Learn your chart patterns. Once you do that you will start to see the potential moves before the news, and end up waiting for them at the finish line. I called this UJ Bounce last month based on patterns, not fundamentals. Fibs are only the beginning, and even then they often get blown. Trend lines are actually amazingly accurate. Try this. Open a second chart and draw trend lines on any time frame, and leave them there. I bet you will discover that days, even months down the line those trend lines get hit again. Why? Because trend lines are just a fancy way to figure out average prices, and the same formulas they use to calculate whatever price they plan on paying at the 50 dollar level, they will again use at the 200 dollar level. At the end of the day though we all have our own way to feel safe in a trade, and feeling safe in a trade is the key to winning IMO