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USD/JPY Discussion

  • #50,321
  • Nov 16, 2014 9:06pm Nov 16, 2014 9:06pm
Quoting forex_fairy
Anyone going to bet if it's going down or up? They always appear after the price has moved and give their analysis.

I will put it out there it's going Up! back into 116.xx and dance there a while.
"Look Left Think Right"
  • #50,322
  • Nov 16, 2014 9:06pm Nov 16, 2014 9:06pm
This best expresses my emotions when I saw the news report for Japan today.

Attached Image


Corrections. Enough said.
  • #50,323
  • Nov 16, 2014 9:13pm Nov 16, 2014 9:13pm
Quoting forex_fairy
Anyone going to bet if it's going down or up? They always appear after the price has moved and give their analysis.
I won't bet. I will GUARANTEE that price will go up or down.
  • #50,324
  • Nov 16, 2014 9:15pm Nov 16, 2014 9:15pm
Long from 115.68

SL at 115.41

If I'm right, I'm right. If I'm wrong, I'm wrong. That's trading...
  • #50,325
  • Nov 16, 2014 9:15pm Nov 16, 2014 9:15pm
just buy the fucking dip
All posts are my personal opinion
  • #50,326
  • Nov 16, 2014 9:19pm Nov 16, 2014 9:19pm
Yeah buy some more, lava knife goes through ALL!
There is no spoon....
  • #50,327
  • Nov 16, 2014 9:20pm Nov 16, 2014 9:20pm
Quoting Rtm
just buy the fucking dip
  • #50,328
  • Nov 16, 2014 9:21pm Nov 16, 2014 9:21pm
We have a strong down move coming. Look at the 4 hour
Good luck and may the odds be ever in your favor!
  • #50,329
  • Nov 16, 2014 9:26pm Nov 16, 2014 9:26pm
I keep seeing talk about this unclosed gap....can someone explain this?
Good luck and may the odds be ever in your favor!
  • #50,330
  • Nov 16, 2014 9:27pm Nov 16, 2014 9:27pm
Quoting dbutton1990
We have a strong down move coming. Look at the 4 hour
The current 4 hour bar? It has 2 1/2 hours left to form - the previous 4 hour bar from the open isn't a very great indicator. If you're referring to the current bar - well - right now it looks like Pinocchio to me.
  • #50,331
  • Nov 16, 2014 9:27pm Nov 16, 2014 9:27pm
Quoting dbutton1990
We have a strong down move coming. Look at the 4 hour
I'm looking at H1 and I see lower prices coming. But I think it is going up first. So, I'll grab some pips on the upswing...
  • #50,332
  • Nov 16, 2014 9:34pm Nov 16, 2014 9:34pm
Quoting Rtm
just buy the fucking dip
this, this pair is literally the easiest thing in the world to trade....Until it isn't .
  • #50,333
  • Nov 16, 2014 9:40pm Nov 16, 2014 9:40pm
Price is almost guaranteed to to make it's way up to 117 again. But I believe it is almost guaranteed to to go back down towards 115.

There is no reversal pattern to speak of. None showing the uptrend is over. And none showing that this pull-back is over.

I look for price to go up now, and to come back down after it reaches 116.22-116.53 area. Then, I'll look for a bullish reversal that will target a retest of 117. Then, either a bearish reversal pattern to go short, or it starts making new highs, and continue looking for long opportunities...
  • #50,334
  • Nov 16, 2014 9:43pm Nov 16, 2014 9:43pm
Quoting thegmann
{quote} this, this pair is literally the easiest thing in the world to trade....Until it isn't .
Ha ha. That's the most profound statement. Could be said regarding any pair...
  • #50,335
  • Nov 16, 2014 9:46pm Nov 16, 2014 9:46pm
Quoting thegmann
{quote} this, this pair is literally the easiest thing in the world to trade....Until it isn't .
I know right!! Bull market make money bear market make money, sideways get your head chopped.
All posts are my personal opinion
  • #50,336
  • Nov 16, 2014 9:46pm Nov 16, 2014 9:46pm
Quoting Oser
{quote} The current 4 hour bar? It has 2 1/2 hours left to form - the previous 4 hour bar from the open isn't a very great indicator. If you're referring to the current bar - well - right now it looks like Pinocchio to me.
This weeks first 4H candle should scare the living sh*t out of most ppl, it's as bearish as it almost can get, all the signs are in it. BUT it's always just a piece of a puzzle.. And just a tip, hows bull momentum versus bearmomentum even after a 150 pip drop? I see bearish divergences from top and continuation pattern for down on 1H, putting 115.50 at high risk. Right now I'm looking for min 114.80-115. If that goes, then there is plenty of room below. Just be careful as this sucker can be brutal when she gets started
I don't even have a cool signature
  • #50,337
  • Nov 16, 2014 9:51pm Nov 16, 2014 9:51pm
Quoting benaiah
{quote} Ha ha. That's the most profound statement. Could be said regarding any pair...
I mean I don't know what else to say...it really doesn't. lol.
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  • #50,338
  • Nov 16, 2014 10:00pm Nov 16, 2014 10:00pm
Quoting forex_fairy
Anyone going to bet if it's going down or up? They always appear after the price has moved and give their analysis.
if you see on hourly it takes 3 bear candle to engulf 34 bull candles, it means it's going down.
  • #50,339
  • Nov 16, 2014 10:01pm Nov 16, 2014 10:01pm
Bigger the dip the better
  • #50,340
  • Nov 16, 2014 10:02pm Nov 16, 2014 10:02pm
Quoting thegmann
{quote} I mean I don't know what else to say...it really doesn't. lol. {image} {image} {image}
Do you really not know what else to say? Or maybe explain what your point is in responding to me?

Edit: and just so I'm not misunderstood, I was agreeing with you on your statement, and I believe it applies to other pairs as well...
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