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USD/JPY Discussion

  • #51,801
  • Nov 26, 2014 10:18pm Nov 26, 2014 10:18pm
Quoting csubbra
{quote} Thank you pal. Newton said all the action has reaction..... but only in forex all the action has action.... think about this, you will understand what i'm trying to say. Why only 5% survive in forex? ... coz they think opposite to the 95%. .
SO right! Trading is anti human
All posts are my personal opinion
  • #51,802
  • Nov 26, 2014 10:18pm Nov 26, 2014 10:18pm
Quoting dbutton1990
We are at the very bottom of this consolidation range right now. I would wait for a close below this on the 4 hour chart before getting in south!
I won't be shorting this pair. At least not at this level. Only time I'd jump in, in the opposite direction is on a break out of consolidation, as sometimes there's a false breakout, and you can just change directions.

But this pair, right now, to me, doesn't look enough like a clean breakout. I wouldn't be surprised if it actually reversed right here. It's only been under the weekly pivot for a half hour or so, and looks like it wants to try and get back above it. I'll need to see price move away from this level, or reject it, then I'll exit longs.
  • #51,803
  • Nov 26, 2014 10:18pm Nov 26, 2014 10:18pm
Quoting dbutton1990
Sorry bears...all energy seems to have fizzled out at the bottom of this consolidation range. See you guys back up at 118.50!
fingers crossed!!
  • #51,804
  • Nov 26, 2014 10:22pm Nov 26, 2014 10:22pm
Quoting dbutton1990
Sorry bears...all energy seems to have fizzled out at the bottom of this consolidation range. See you guys back up at 118.50!
yep, just a nudge above 117.4 and back in business
  • #51,805
  • Nov 26, 2014 10:30pm Nov 26, 2014 10:30pm
Quoting benaiah
{quote} yep, just a nudge above 117.4 and back in business
  • #51,806
  • Nov 26, 2014 10:30pm Nov 26, 2014 10:30pm
Small morning star on the 15 minute chart...a promising sign!
Good luck and may the odds be ever in your favor!
  • #51,807
  • Nov 26, 2014 10:46pm Nov 26, 2014 10:46pm
Quoting dbutton1990
Small morning star on the 15 minute chart...a promising sign!
bloody bears aint having it... this is barbaric
  • #51,808
  • Nov 26, 2014 10:51pm Nov 26, 2014 10:51pm
New lows made. 117 next!
Damn The Torpedoes, Full Speed Ahead!
  • #51,809
  • Nov 26, 2014 10:51pm Nov 26, 2014 10:51pm
If you planning to the north pole, i guess reload will be available at 116.90...
  • #51,810
  • Nov 26, 2014 10:53pm Nov 26, 2014 10:53pm
this b*tch isn't lisstening mehnn....
  • #51,811
  • Nov 26, 2014 10:56pm Nov 26, 2014 10:56pm
I would like to see this one hour close as a doji...then the next hour close above 160 or higher!
Good luck and may the odds be ever in your favor!
  • #51,812
  • Nov 26, 2014 10:58pm Nov 26, 2014 10:58pm
Quoting dbutton1990
I would like to see this one hour close as a doji...then the next hour close above 160 or higher!
not sound broo... closing at 119 is smtyn i want to see... US holidays bulls gotta fire up before down atleast!! this is EU open punishing us... people closing trades due to holidays n weekend!
  • #51,813
  • Nov 26, 2014 10:58pm Nov 26, 2014 10:58pm
Quoting poseikwame
{quote} bloody bears aint having it... this is barbaric
Technically speaking it wasn't a morning star anyway. There needs to be a gap in the pattern.
  • #51,814
  • Nov 26, 2014 11:03pm Nov 26, 2014 11:03pm
Quoting poseikwame
{quote} not sound broo... closing at 119 is smtyn i want to see... US holidays bulls gotta fire up before down atleast!! this is EU open punishing us... people closing trades due to holidays n weekend!
Agree.. this move down in xxxJPY just profit taking, price compression, I wouldnt base much of it. Need to watch nikei and indices.
All posts are my personal opinion
  • #51,815
  • Nov 26, 2014 11:06pm Nov 26, 2014 11:06pm
Quoting poseikwame
{quote} not sound broo... closing at 119 is smtyn i want to see... US holidays bulls gotta fire up before down atleast!! this is EU open punishing us... people closing trades due to holidays n weekend!
Patience my friend...118.50 is still very possible
Good luck and may the odds be ever in your favor!
  • #51,816
  • Nov 26, 2014 11:14pm Nov 26, 2014 11:14pm
Quoting dbutton1990
{quote} Patience my friend...118.50 is still very possible
Everyone is wondering: "How long is this trend going to last?" Well, I have a rule: "Keep beating the line that works until... it beats you". So I still have a bullish bias about this market looking to enter again as price comes closer to the bull trend line. meanwhile be patience and observe proper SL management at the moment...
  • #51,817
  • Nov 26, 2014 11:16pm Nov 26, 2014 11:16pm
Quoting csubbra
{quote} Everyone is wondering: "How long is this trend going to last?" Well, I have a rule: "Keep beating the line that works until... it beats you". So I still have a bullish bias about this market looking to enter again as price comes closer to the bull trend line. meanwhile be patience and observe proper SL management at the moment...
man solid mentality there!
All posts are my personal opinion
  • #51,818
  • Nov 26, 2014 11:21pm Nov 26, 2014 11:21pm
If your long USDJPY you should lockin profits. The top if my calculation are correct is 119ish. I'm waiting for a FNH to short.... keep an eye on it
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy 11-27-14.png Size: 149 KB
"W. D. Gann said that time is the most important factor among all things."
  • #51,819
  • Nov 26, 2014 11:31pm Nov 26, 2014 11:31pm
If this next 4 hour candle rises and closes into the consolidation range, it is considered a false breakout. Just a heads up!
Good luck and may the odds be ever in your favor!
  • #51,820
  • Nov 26, 2014 11:44pm Nov 26, 2014 11:44pm
And stop loss orders now below 117.20 and 117.00, so reports forexlive.com
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