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USD/JPY Discussion

  • #54,801
  • Jan 21, 2015 10:53am Jan 21, 2015 10:53am
Ok, so this is the rest of my plan. Think Daily yet again closes within the zone 118,185 - 118,695, possibly 118,3. Tomorrow I expect overshoot above top of the zone, but not very high like 119,14, as I think we are about to be in that mid on time of ECB decision. So I plan to take partial @ 119,14, in order to be able to move SL to some nice low, like 115,5, as todays movement was just a little rumour and ECB whipsaw is gonna be much worse. I believe I survive the saw and this nice chart plays out. I know, still old chart, but is nice - needed to say ECB is close, so waves d,e not gonna happen.
Good luck all,
T
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"I know one thing, that I know nothing." Sokrates
  • #54,802
  • Edited 1:22pm Jan 21, 2015 10:59am | Edited 1:22pm
Now test 117,8, then straight to 118,185. Ah chart...... Hm, ok, no test , m1 not so precise. Missed one entry, but already fully loaded.
Edit: m15 better visibility.
Edit: so there comes that 117,8 test lol. Just 2 hours miss - ofc loading.
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"I know one thing, that I know nothing." Sokrates
  • #54,803
  • Jan 21, 2015 1:28pm Jan 21, 2015 1:28pm
Think can be nice scalp here long with stops below 117,782. But am no good scalper.
edit: + chart. Worst scalper in history in fact. I know its gonna hit me before I click post.
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"I know one thing, that I know nothing." Sokrates
  • #54,804
  • Jan 21, 2015 1:31pm Jan 21, 2015 1:31pm
I got in with that 60 m momentum candle closing on 86. Jumping the gun abit but the bottom is looking good and we're coming off support on the Nikkei. Nice looking setup but I need to sleep so it's going to be tricky to manage...
  • #54,805
  • Jan 21, 2015 1:33pm Jan 21, 2015 1:33pm
Quoting ClinicalEx
I got in with that 60 m momentum candle closing on 86. Jumping the gun abit but the bottom is looking good and we're coming off support on the Nikkei. Nice looking setup but I need to sleep so it's going to be tricky to manage...
I cant sleep . But will after ECB . Cya mate,
T
"I know one thing, that I know nothing." Sokrates
  • #54,806
  • Jan 21, 2015 1:53pm Jan 21, 2015 1:53pm
Quoting Tom_D_Trader
{quote} I cant sleep . But will after ECB . Cya mate, T
is still long for ECB
  • #54,807
  • Jan 21, 2015 2:14pm Jan 21, 2015 2:14pm
Hello Yen masters

Man what to do

sort of trapped in trades

Carrying longs an shorts

The plan was 1.15 then back up

hold longs etc

Lower then 1.15 would be tad nasty.
  • #54,808
  • Jan 21, 2015 8:23pm Jan 21, 2015 8:23pm
Both 4H chart and daily chart is moving to overbought areas. Could see some retracement by 119 areas.
  • #54,809
  • Jan 21, 2015 9:41pm Jan 21, 2015 9:41pm
Quoting ahjukartul
{quote} 117,0 and then 120, 00
Hey, that's a good one , don't mind sharing how you work that out?
Elliott Wave for optimum entry, exit and risk management of trades
  • #54,810
  • Jan 21, 2015 10:15pm Jan 21, 2015 10:15pm
Quoting ahjukartul
Both 4H chart and daily chart is moving to overbought areas. Could see some retracement by 119 areas.
How do you determine "overbought"?
FF journal: Peaks and Troffs
  • #54,811
  • Jan 21, 2015 10:21pm Jan 21, 2015 10:21pm
... So, finally back in the zone, but currently not enough speed to break. Sometimes I wish I didnt draw those lines, partial was pretty close.
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"I know one thing, that I know nothing." Sokrates
  • #54,812
  • Jan 21, 2015 10:37pm Jan 21, 2015 10:37pm
I'm long from 117.96
FF journal: Peaks and Troffs
  • #54,813
  • Jan 21, 2015 10:56pm Jan 21, 2015 10:56pm
Quoting peeterwoolf
{quote} I think you are right, bears in control now.
The pair failed to break 117.30 and reversed back to 118; likely to again plunge to 117.30. However, ECB will be the key release of the day.
  • #54,814
  • Jan 21, 2015 10:57pm Jan 21, 2015 10:57pm
Quoting Jubata
I like that..... {quote}
Thanks......
  • #54,815
  • Edited 11:15pm Jan 21, 2015 11:12pm | Edited 11:15pm
Quoting Fx_Anil
{quote} The pair failed to break 117.30 and reversed back to 118; likely to again plunge to 117.30. However, ECB will be the key release of the day.
118 pretty hard number eh , am watching it as well. To the downside I also got 117,8 and 117,54 on the road.
Edit: btw EU m15.
"I know one thing, that I know nothing." Sokrates
  • #54,816
  • Jan 21, 2015 11:14pm Jan 21, 2015 11:14pm
Just keep in mind that Japanese economy is recovering so the report came out positive.. we still could fall beyond 118... waiting for another retest..

Happy Trades
Focus only on what truly matters!
  • #54,817
  • Jan 22, 2015 1:37am Jan 22, 2015 1:37am
Quoting Tom_D_Trader
{quote} 118 pretty hard number eh , am watching it as well. To the downside I also got 117,8 and 117,54 on the road. Edit: btw EU m15.
Great one
  • #54,818
  • Jan 22, 2015 3:00am Jan 22, 2015 3:00am
117.75 looks good for a place to retrace..

Happy Trades
Focus only on what truly matters!
  • #54,819
  • Jan 22, 2015 3:35am Jan 22, 2015 3:35am
LO indicated down - I wont buy it
  • #54,820
  • Jan 22, 2015 3:37am Jan 22, 2015 3:37am
Quoting DailyChart
LO indicated down - I wont buy it
Already short after it fails to hold the 117.8 Level.
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