USD/JPY Discussion

Hello

US/JPY

Closed a couple shorts,thinking it will go back up

Come down 2.5 cents

Buy on dips

My 2 longs under water

I will have to suck it up for few hours

Only 4 trading sessions left before monthly candle closes. This month is shaping up to close as a 2nd consecutive "flying buddah." For those who haven't read PipEasy's thread, a flying buddah is a candle whose range isn't touching 5 or 10 EMA at all. This simple pattern is useful for identifying tops and bottoms. Just try putting 5 & 10 EMA on any timeframe any instrument and you'll notice them. There are a couple different scenarios in my eyes for this pair (all of which will close as flying buddahs).

Scenario 1: Monthly candle closes exactly how it is now (only 38.2% of monthly range). I would be really unsure of the direction for the next month. Usually for me if the previous candle was green...I'm only look for buys, but since this would be a 2nd consecutive flying buddah...I'd keep my mind open to shorting.

Scenario 2: Monthly candle closes just at or slightly above 95.00 (roughly 61.8% of monthly range). This in my opinion is best case scenario for bulls and would signal more bull momentum in April with a really good chance at breaking March's highs. While the candle would be a flying buddah, I'd ignore that because of the strong close above 61.8%.

Scenario 3: Monthly candle closes anywhere below where it is now (below 38.2% of monthly range). Should we crash the next 4 days and the monthly candle closes red I'd have to adjust my Fibs and would be licking my chops at shorting the pair.

Scenario 4: Monthly candle closes above current monthly high and Bob gets his "bull rage" this week. I would have to adjust the Fibs and would be buying in April.

I feel that scenario 2 is the most likely with this week being generally choppy and ultimately closing on Friday between 94.60 & 95.00. Scenario 3 is the least likely, but not impossible.

I am not with you. Or do you mean that euro would drag usd down?

Here is my todays trade out of the H1 triangle.

UBS says USD/JPY may be a buying opportunity

Testing a long now. Hourly looks good to go.

May be..

And if NOT, who remembers what he said..

I also said, about 100 retrace possible, not to heavy to make that prediction

Moving stop to breakeven. Watching 5min for another low risk entry point to add.

Not appreciative of that last 5min candle upper wick to close the hour. Hate wicks.

Try Heikin Ashi. Still wicks but better to imagine what follows..

Thinking about analysts.. he he, sorry but
as i wrote..

and now.


Something will be...


The mass always remembers the positive prediction longer..

I'll have to get these on my platform. I found a SPY chart on a site that looks way better than mine w/ all the gaps.

Next 15 mins crucial...

USDJPY:
Well as to this pair I think SELL to 94.386 and stop loss at 94.587. I use ichimoku indicator and timeframe H1 and M1. Good luck.

hammered. in the 93s soon.

ABCD!!!

Nice looking chart mate.

USDJPY:
BUY
If the price breaks through the level 94.885 bullish movement will start. Targets of the bullish movement: 95.926, 96.935.
SELL
If the price breaks through the level 93.844 bearish movement will start. Targets of the bearish movement: 92.803, 91.762.

USDJPY:
BUY
If the price breaks through the level 94.885 bullish movement will start. Targets of the bullish movement: 96.743.
Otherwise stop loss: 92.865

save this image in your desktop and watch it .
new system under development that use numbers only in special equation Fibonacci numbers are also used
in 27 of coming month we may have the lower most point in usd jpy for the rest of the year .
all have a nice day

Trade Of The Year: MS, DB, Barclays, JPM, CS All Long USD/JPY Ahead Of BOJ








http://www.efxnews.com/story/18055/t...djpy-ahead-boj