USD/JPY Discussion

Well, my friends, at the rate this is going, it could take all night, and even into the morning...

I guess I am already locked in with my answer. I think it will skyrocket at 120. But I could be wrong, and I'm smart enough to know that what I think will happen, probably WON'T. However, my reason for thinking that it will skyrocket is simply because of the fact that we have already consolidated for the last 8 hours. You can think of it like a passive-aggressive person who just holds everything in and never shares his true thoughts. Well, what eventually happens to that person? The result is always the same. That person cracks and breaks. Which ever way it breaks, it's going to break BIG.

But I am so sick and tired of watching this now and I am going to focus on other things... I will post back here once U/J is higher than 120 and I will explain EVERYTHING in much more detail, so be patient.

Technically, it should be going down now, and we should be looking at shorts. But I would not short it because the price action says otherwise. So I will just keep waiting... even longer. PLEASE DO NOT BE DECEIVED! THEY ARE TRYING TO FOOL ALL OF US RIGHT NOW BUT WE WILL NOT LET THEM WIN!

H1 chart: EMA.20 is climbing sharply while mean line is horizontal, with intersection about 6 hours out if no break before then. If UJ goes up, it could happen before reaching EMA.20. If UJ goes through EMA.20, then possibly a cowardly retreat, which could only be temporary since enormous cosmic forces are driving UJ toward 200 (namely, yen is toast in the long run). Perhaps none of this should be taken seriously.

stop loss holding strong still.. hit my target at 119.800 already..

shortened up trailing stop from 30 to 20 pips..

almost home guys...

Breakout looming

looking for more contributions from you in this thread.
btw is this move up a "scam" too?

LOL!!!

Fireworks about to begin!

120 must have some surprises

a nice 1:17.5 RRR can't complain

Alot of stops!

It may take a while to move up, unless bulls break this channel first...

Edit: The last channel before this took 24+ hours to break out of. Hopefully, this one won't take that long...

I think it's headed to 125. Of course, that will take some time though! Maybe by the end of the year?

Anyways, I hope everyone enjoys this fireworks display tonight

... As far as tonight, I will tell you when it is time to sell... how's that for a deal?!

baby on the runway... about to take off!! just awaiting clearance from the tower!!

Yeah, but I wouldn't be surprised to see a wheel fall off it - or those who are short may call in a bomb threat.

Come on Mpt. Have I not told you enough times?!?!?! Don't try to hijack us now.

Sounding terribly parsimonious lately smash. Just kidding. My tiny short from 119.9 will surely kill it dead.

Only when I have to be. I care about these members, and that includes you too.

I hope you knock em dead in their socks. But you won't. Any shorts from here should be short and swift. Maybe target about 3 pips or so? I think that's about all you can expect to get from it now that the entire world has gone long this pair...

H1: ATR.20 = 13, should be 18-20 to start a substantial move.