USD/JPY Discussion

OK.I already got in fight with somebody here because of nuances of English language which is not my mother tongue.So I will elaborate more to avoid any disagreeing with you as well.
EW is science about mass psychology.When this mass of people in their emotional state and peer pressure/encouragement is herding in one specific direction,EW is giving you plenty of signs on small charts that trend or this particular mass mania is ending for good.Sometimes market is so gracious to give you to a pip exact contrarian entry point with enormous risk/reward ratio.Exactly such situations made Tudor a billion dollars.By the way I respect the man a lot for what he did and I also keep some favorite quotes from him.But in this particular statement it seems he was dishonest,but I will not go that far because I don't know the context...He made his fortune thanks to work of Robert Prechter when he was in his zenith.And Prechter is on record that some people at that time were begging him not to disclose everything about EW so openly.Probably this Tudor's statement is from that period.
A little anecdote:some 6 years ago when I was following only EURUSD which is most liquid thing in our universe,I witnessed on 1 min. chart one Friday evening when I was already exhausted after heavy trading and most people already left,a perfect ending contracting diagonal with perfect internals and 2-3 pips SL.I didn't have any psychological power left so I didn't dare to take it(at that time I was trading with too much risk per trade).Sure enough,pair plunged 60 pips in half an hour and that was only beginning.You do the math and you will understand why such psychologically ruthless person as Tudor is self made billionaire.
More often market is not so generous,but as I just demonstrated on AUDUSD ,it is generous enough to give us early entry points on 1H chart when everybody is still looking to the other side or happily sleeping.When you have 90% or more people against you,that is contrarian in my vocabulary.

Not fighting at all. Just waiting for your prowess

This is my trading view on U/J,

Falling Wedges pattern is formed, and H1 is on Divergence.

Long and target at 122.10 level.

It would be good if traders use a phrase "I believe" or "most likely" or something similar, instead of definitive ones ... they might have to eat their words if they are wrong at some point. As we all are from time to time.

sl no/l. Long gj gu since yesteray

Well here in USDJPY we have good risk/reward situation because invalidation point and ending of 4 are very close together and there is this trendline since 24th Aug. which everybody is watching.
You gave me confirmation in this post about triangles.In your charts there are really frequent expanding diagonals.Is this maybe because people with deep pockets are using more and more algorithms for trading?I hear about traders being less and less numerous at the banks and funds.Those contracting triangles are really easy target for machines.So maybe Mother Nature started using Expanding diagonals much more frequently to hide her intentions?And even these ED are so streched that they are visible only to experts like you.

Don't expect much movement - Dec 23rd-29th last year ( BTW Merry Christmas all):

I am very tempted to go long on UJ. Then I realize there is not any reverse signal yet. Patience is the key.

The 121.00 area has served as a good support for the USDJPY, but it could break it to the downside and try to go and visit the 120.00 level.

Double bottom (W) forming on 4H chart.... Very slow grueling PA.

US Unemployment claims in 9 hours.

its tricky, good chance for a jump from 120.25 to 120.60 right now.

Now is a possible support @ 120.30.

However if this continues down we are looking at 118.50 for next likely support, maybe 119.....

Gu gj and uj at almost 120.5 done have a nice christmas folks.

119.20 - 120.90/121. downtrend.

Good move last week.

good quote.its true

I think USDJPY has had it, deffo on the way down.

Looks like there will be a test of 118.50, if that goes the next battle ground is between 116 - 115.50.

Missed the sell opportunity form 123.5, going to wait for long .................

These is a massive head and shoulders set up on the daily chart.
There's also no stimulus coming from the BoJ in the near future.
The break of the up trend at the end of last week was a big signal.
We could see 118.50 pretty soon.