USD/JPY Discussion

Quoting Rtm

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USDJPY is the only JPY cross that still giving me bearish signals. The thing is we are sitting on a huge support so I would be selling this but there is so much support to blast through and USD has already taken quite a massive beating so a retracement could happen first however I got my eyes on this 4H bearish engulfing candle that has shot off last week and lots of inside bars forming inside show bears still in control here. {image}

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Quoting Rtm

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USDJPY is the only JPY cross that still giving me bearish signals. The thing is we are sitting on a huge support so I would be selling this but there is so much support to blast through and USD has already taken quite a massive beating so a retracement could happen first however I got my eyes on this 4H bearish engulfing candle that has shot off last week and lots of inside bars forming inside show bears still in control here. {image}

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Quoting smash1820

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{quote} thank you very much for you post, this is very insightful, i learned a lot, because U/J is the only pair that i focus on, so i have no clue in terms of what other pairs are doing i agree, it looks like U/J imo is acting like a stubborn b*tch that doesn't wanna go up, and i'm guessing it's because i was just long the 101.51 option that f*ed me over, ugh, j/k

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Quoting Rtm

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USDJPY is the only JPY cross that still giving me bearish signals. The thing is we are sitting on a huge support so I would be selling this but there is so much support to blast through and USD has already taken quite a massive beating so a retracement could happen first however I got my eyes on this 4H bearish engulfing candle that has shot off last week and lots of inside bars forming inside show bears still in control here. {image}

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Quoting smash1820

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{quote} I'm in the process of writing a script, or EA, or whatever, that will determine the best currency pair to trade at the current time. I expect it to finally allow me to trade multiple currency pairs and keep track of their trends. It will be a part of the basic EA I'm trying to develop.

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Quoting Rtm

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Just wait for some solid bullish confirmation here then you should be good to go.

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Quoting Trendzalore

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{quote} 101.39-101.41 if it breaks this its going to 100.85-100.90. 101.41 is really strong right now though at least for now. Pinchers on the last two 30 minute candles, I'd say this is going down first. And FAST when it breaks.

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Quoting Rtm

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how do plan to do this, I mean , like what type of measure will you traxk to determine these things?

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Quoting smash1820

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101.40 seems to have held. LONG, LONG, LONG, my friends (on the dips)!

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Quoting Trendzalore

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After a look after this weeks close hear are my thoughts. NO trade zone is 101.39 to 101.77. This area is just chop. Break of 101.39 leads to 100.90 and then on to 99.61. I don't believe Japan wants to see below 100 so I think 100.9 zone is around as low as it goes within a few pips here or there. Break of 101.77 has a few hurdles. This goes to 102.16 but above this area is slight chop between 102.16 to 102.34. More pauses above this as well. So at this point the easier way is down. If move is down it will be sharp and fast. If move is up it will...

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Quoting Trendzalore

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Haha Not so fast. Have to get past 101.59 then 101.77. Too many hurdles up right now. But 101.41 looks to have held for now.

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Quoting smash1820

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I implore everyone here reading this to go long this week... the entire week... and you will make money... guaranteed

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