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USD/JPY Discussion

  • #59,141
  • Feb 3, 2016 10:24am Feb 3, 2016 10:24am
Wow. What a bloodbath.
  • #59,142
  • Feb 3, 2016 11:13am Feb 3, 2016 11:13am
Nice bear pennant pattern forming on USDJPY 15m.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.png Size: 151 KB
  • #59,143
  • Feb 3, 2016 11:14am Feb 3, 2016 11:14am
I see the triangle as well. It should explode out of that short for a new low. Do you feel this pair is done running short? It is awfuly oversold at this point.
  • #59,144
  • Feb 3, 2016 11:27am Feb 3, 2016 11:27am
Yes, imo, it is pausing before a price decline.

Reference for bear pennant pattern: http://stockcharts.com/school/doku.p...t_continuation
  • #59,145
  • Feb 3, 2016 11:37am Feb 3, 2016 11:37am
Quote
Nice bear pennant pattern forming on USDJPY 15m.

Price is being to go down. USDJPY 15m, I expect the decline to intensify shortly.
  • #59,146
  • Feb 3, 2016 11:42am Feb 3, 2016 11:42am
Quoting notsocasual
Hi there skyhok. Given the above image and count, doesn't this force a recount of the pair, as least as labels go? That retracement was far deeper than I anticipated. Technically, the move can go far shorter before it enters into the primary wave 2's territory, but that's really far away. Did you post an updated count to this forum after the strong move down? Thanks! (I was long and was stopped out. My long trade was a smaller internal retracement long. Such is life...damnit.)
Just notice your post. While most other JPY pairs are poised for a final pushup, USDJPY is labeled as such.
Present PA is very unstable, I rather wait for this correction 4 to complete at the top and sell with some certainty.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1 3Feb16.png Size: 39 KB
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  • #59,147
  • Feb 3, 2016 11:54am Feb 3, 2016 11:54am
Quote
Nice bear pennant pattern forming on USDJPY 15m.

Not seeing much tick volume to support the USDJPY 15m bear pennant breakout. Closed short for average 18 pips . Watching now possible reentry short.
  • #59,148
  • Feb 3, 2016 11:58am Feb 3, 2016 11:58am
The area 117,50 it's a strong support area. I?ll be very cautious to get in a short right now.
we are as low as january 2015.
  • #59,149
  • Feb 3, 2016 12:07pm Feb 3, 2016 12:07pm
yes, the mid day volume is puke right now. and that floor you mentioned is a tough one. i took quite a bath today on this pair. live and learn. my take profit and stop loss did not trigger for some reason so a $400 gain last night turned into a $1600 loss. time to study up and recover that loss!
  • #59,150
  • Feb 3, 2016 12:17pm Feb 3, 2016 12:17pm
Quoting notsocasual
yes, the mid day volume is puke right now. and that floor you mentioned is a tough one. i took quite a bath today on this pair. live and learn. my take profit and stop loss did not trigger for some reason so a $400 gain last night turned into a $1600 loss. time to study up and recover that loss!
I took 120.30 short till 118.38 got out.
What's your enter/exit strategy?
  • #59,151
  • Feb 3, 2016 12:39pm Feb 3, 2016 12:39pm
Quote
Watching now possible reentry short.

Waiting for pullback to 117.345 for possible reentry short.
  • #59,152
  • Feb 3, 2016 1:19pm Feb 3, 2016 1:19pm
Looking to buy at around 116.70/80 for a retracement up to at least 119.3 before going in short again
  • #59,153
  • Feb 4, 2016 2:29am Feb 4, 2016 2:29am
Good Morning !

Today's S/R Levels on MT4 Templates

EURO
CABLE

USDJPY
DAX

http://www.forexfactory.com/showthre...84#post8731284

EURO PINK
DAX PINK
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  • #59,154
  • Feb 4, 2016 3:13am Feb 4, 2016 3:13am
If the price fall below demand zone, then a correction can take place within major Monthly trend. Already in with locked profits :

Attached Image (click to enlarge)
Click to Enlarge Name: UJ.png Size: 54 KB
Money moves the market, not an indicator.
  • #59,155
  • Feb 4, 2016 3:36am Feb 4, 2016 3:36am
Энэ хүрнэ гэвэл яаж байна?
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 25 KB
  • #59,156
  • Edited 4:39am Feb 5, 2016 3:59am | Edited 4:39am
116.00, will it hold??
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-h4-metaquotes-software-corp-2.png Size: 55 KB

Original Idea
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  • #59,157
  • Feb 5, 2016 5:31am Feb 5, 2016 5:31am
The nfp will be around 220-250 K today...Tandem with Adp which released 2 days ago...Forecasters who predict under 200K (consensus 190K) are underestimating the powerhouse Usa...Usd/Jpy pair will jump above 120 in a few sessions (maybe today !)...This year the pair will head to north around 140 by year end.
  • #59,158
  • Feb 5, 2016 7:52am Feb 5, 2016 7:52am
Quoting yentrader07
The nfp will be around 220-250 K today...Tandem with Adp which released 2 days ago...Forecasters who predict under 200K (consensus 190K) are underestimating the powerhouse Usa...Usd/Jpy pair will jump above 120 in a few sessions (maybe today !)...This year the pair will head to north around 140 by year end.
Whatever you're drinking, I want some....
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  • #59,159
  • Feb 5, 2016 8:07am Feb 5, 2016 8:07am
Lately this pair is out of control it seems...
  • #59,160
  • Feb 5, 2016 8:09am Feb 5, 2016 8:09am
Could someone kindly explain to me whats happened?
NFP was worst than expeteced... and yet U/J is going north? Is it for a retest area 119?

Thank you all
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