USD/JPY Discussion

I know that my and ur strategy is not insame But i just tell you what i meen At price 89.90 is 3 reasons for sell .. fibo 61% and PIVOT point .. and support resistance from back .. and the 4 reason is overlap fibo and u get 38% in this point ! 4 reason for SELL

My mistake i meen not 98 but 89.34

the 15min is not playing along...it's taking too long... instead of dropping it's ranging sideways.

ohhh u working on 5min chart entry? I work 1h for market flow and to se if buy or sell zone ... then ENTRY on 15min chart

Where is your first TP and where u have SL?

Goodluck

SL is @ 89.85
1st PT is @ 89.39

the ranging sideway's movement doesn't have the volume to scalp. if it did would have been ideal

meeting some support now

I am long USD/JPY..89.50 holds very well...
if resistance at 89.77 is broken we will see next resistance @ 91.20 very fast.

Fast enough?

What a move!!!! Happy ya?!?

90 seems to be the barrier to break. it has been holding up very well

Wow what caused that massive jump up with extremely long upper shadow. Is this weakness?
Went short at 89.86 with tight SL

It look like streigh to me no?
Strong buying at support = streight!

USDX is at extreme! Watch it!

that's it. 89.50 is the strong support line at the moment. there is talk also of massive short covering about to take place on the dollar. whether it happens today, i don't know.

On M5 that looked like lots of selling into the up move, with my very very limited VSA knowledge . I try to get 10 pips out of it. We'll see...
Thanks for the USDX reminder.

Eur @ 1.4850 !!
Gu @ 1.57xx !!
Cad @ 1.03xx !!
UJ @ 88 !!


USDX at extreme
DOw at 10 000 points
Gold at 1060$
Silver 18$

Make a list!

This madness wont be substain!
Should not...

Let's see!

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Sure the selling into the upmove, then we should have some more High climax bar on down side... still waiting
It look for me as stopping volume for now. Not more!

like i say 89.90 is very very good resistance ! U see price go down now just w8 for TP1 witch is 89.34

took TP at 89.73.

Inzider: Could you elaborate? What would you have liked to see to go short at that moment? Some more selling after the upbar?

I went short at 90.025 over an hour ago. Moved my SL to 90.00. Lets see if this small downtrend holds or if it breaks and moves up.

This rally tells me that HUGE ORDER been took at 89.50 level.
Thos are human whit intentions, whit an idea behind there head.

You don't trow millions of $ into an order then leave the market go is way....

The 0-50% space from the opening of this bar is now a major support zone. This bar will be use as a ramp for higher level.
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So in short, I don't care at witch resistance we can be, because I wont sell into this bar. I wont sell before we clean this bar.
Whit the momentum of that bar, shorting looks like a slow death here.

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Look at the USDX, the time you saw this move, usdx was at a major support, now far away from it. This tell you that someone dosen't want usd to go lower, and this "guy" is able to move the whole market....

Make your conclusion, I can be wrong!

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PS: IN fact, look at daily volume, you dont have any bar whit that much volumes...

Blue square are Volume extremes bars in last 3 days.....
All up bars, at higher levels!

Have a look!

Again, I can be wrong, but reading this make me think...

plan for asian session.

buy at 89.50. target 90.

evidence on the daily charts as well as strong intraday support. it might reach it due to the roll that will be here at 5pm EST US