USD/JPY Discussion

i think my jxy basket is inverted the diver played out but it is going the other way on the crosses, need to modify at some time

expecting a big bullish momentum here, upwards to 151

EURUSD H4. Ascending triangle under 1.1700. Breakout Edge buy supports long bias
Structure
Price impulsed up off 1.1374 and has been coiling under 1.1697 with higher lows. That is an ascending triangle. The last dip was bought quickly and held a higher low. No lower high printed after the flush.
Indicator confluence
Breakout Edge printed BUY around 1.1679 on H4. Historic TP1 stats on this pair are solid on your panel. Bias stays up while that higher low holds.
Key levels
• Resistance to clear: 1.1697 to 1.1700
• Support to hold: 1.1650 then 1.1630. Swing line in the sand 1.1580
• Upside magnets after a break: 1.1735 first. Then 1.1790 to 1.1820
Price action
You got a stop-hunt style sweep below the range and a fast reclaim. That is classic bear trap behavior just before range breaks. The HL sequence remains intact.
Trade plan
• Breakout entry. Wait for an H4 close above 1.1697 to 1.1700. Enter 1.1705 to 1.1710. Stop 1.1630 for tactical risk or 1.1580 for swing risk. Targets 1.1735 then 1.1790 and 1.1820
• Pullback entry. If price rejects 1.1700, buy 1.1650 to 1.1630 only on a bullish rejection. Stop 1.1580. Same targets
• Invalidation. An H4 close below 1.1580 breaks structure and flips the bias to neutral with 1.1500 back in view
Management
Trail under each new higher low on H1 or H4. Take partials at 1.1735 and let a runner work if momentum extends.
Summary
Bias is buy while 1.1580 holds. I want either a clean H4 close through 1.1700 or a defended pullback that keeps the higher-low staircase intact.

Islandfx911 replied 20 min ago

TPed

They bought. Le dump it. They sold. Pump it

Hello
Stranger hope you are keeping well ?

Yes sir! I lost my old demo account when I lost my phone but it’s like we dropped and consolidated or ranged this entire time since you told me to pull the rug after 15% loss on the account 10 was the max for the year but hey... I haven’t focused on fundamentals and will start to study confluences soon. Am no where near where I want to be and haven’t been preparing good enough to be able to manage the 10k personal account I’ll start beginning of next year.. I work a lot and started back jiujitsu and other hobbies to help manage stress and auto immune disease. I’m fasting and and changing a few things before I start. Priorities. I traded everyday all day long and studied other traders and strategies for 3 years straight. I’ve been casually demoing since you told me to stop and learn how to trade. Working hella 2 3 jobs until the holidays and training so when I do have free time from work I’ll be back working fully on trading. I’m glad this forum has new faces new strategies and more people helping

Arrow plus scanner confirms continuation on EUR/USD for a buy. Near term, fundamentals lean USD-firm after the PPI surprise while the calendar still has market-moving prints today. Technically, EURUSD is boxed between a well-advertised 4H supply at 1.1706 to 1.1726 and support pockets near 1.1650 and 1.1600. That favors selling rips into the 4H zone, unless US data weakens the dollar and forces a clean break and hold above 1.1726. Heads up on data today
US releases at 08:30 and 10:00 New York can add volatility. If a print flips DXY lower and you see a firm 15 minute close above 1.1726 followed by a hold on retest, flip long toward 1.1750 to 1.1800 and park your stop under 1.1700.

Hey Dave, the last chart is me trying to imitate a chart I seen you post a few weeks ago, that you deleted shortly after, but I believe instead of the black lines you had red and green.

Yes I understand
But
How are YOU trading the grid

Hey Dave, I don't have an official method yet. I would consider myself still in an observation state. I'm focusing on how price reacts to round numbers and quarter levels, and building from there.

Work with ADR
watch how it expands
look for 25 pip moves
Then watch when it reaches its average
see were it is on the grid
?
ps
My ADR Chart
remember I am UK based

The USDJPY price action on the daily time frame is tackling the 147.170 intra-day horizontal support after a bearish drive to the area on August 8. The preceding technical impulse is bearish and recent technical prints favour a southward liquidity sweep.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

Hello everyone! The USDJPY pair price during its downward movement has consolidated below the level of 147.90, which has now become a strong resistance. I am considering sales from this level with the target being the support level of 146.40.

bought x3. SL some ticks below daily opening price


alerts for TP1 TP2 TP3