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USD/JPY Discussion

  • #61,401
  • Aug 30, 2016 8:03am Aug 30, 2016 8:03am
Quoting PatienceFx
{quote} its a simple case of daily chart TL and Mr. July's candle {image}
wow that line had a big effect
  • #61,402
  • Aug 30, 2016 8:29am Aug 30, 2016 8:29am
Quoting RiderKBP
{quote} touched yesterdays' hihg but hesitates to move up. needs to reconfirm that break.. 103.86 as per daily triangle {image}
long 102.56 tp103.40 sl 102.3
  • #61,403
  • Aug 30, 2016 8:37am Aug 30, 2016 8:37am
  •  akatz
  • | Joined Apr 2015 | Status: stimulating the global economy | 10 Posts
Quoting AlexDee
Guys, just curious why are you trying to go against the trend? {image}
THIS.
  • #61,404
  • Aug 30, 2016 8:59am Aug 30, 2016 8:59am
Quoting AlexDee
Guys, just curious why are you trying to go against the trend? {image}
Because if you look on price action from previous weeks, it could move all the way up to 105 before there is further drop.
Too bad I don't trade UJ, I would go long here.
buying tops / selling bottoms
  • #61,405
  • Aug 30, 2016 9:03am Aug 30, 2016 9:03am
Quoting PatienceFx
{quote} its a simple case of daily chart TL and Mr. July's candle {image}
AT 102.846 chance of susu break exists
  • #61,406
  • Aug 30, 2016 9:16am Aug 30, 2016 9:16am
Quoting PatienceFx
going long for 102.846 tp
spot on man.
  • #61,407
  • Aug 30, 2016 9:22am Aug 30, 2016 9:22am
At the way it moves up, is there a need for BOJ intervention to weaken the YEN?
  • #61,408
  • Aug 30, 2016 9:24am Aug 30, 2016 9:24am
Big supply zone 102.62 -.102.82 on my chart, could see a retrace here. If not, that would point to much further appreciation.

Stop set at 102.55
  • #61,409
  • Edited 10:33am Aug 30, 2016 10:10am | Edited 10:33am
Im trying a long to 105 based on the FED news. Should i expect it to pull back?

ENTRY IN 102.455

NOW IN 102.868.

AT WHAT PRICE IT COULD PULL DOWN?


THANK YOU GUYS

IM NEW IN FOREX
  • #61,410
  • Aug 30, 2016 10:22am Aug 30, 2016 10:22am
Quoting voty
{quote} Because if you look on price action from previous weeks, it could move all the way up to 105 before there is further drop. Too bad I don't trade UJ, I would go long here.
Ok, rules are here to be broken. I do trade UJ now. long @102.75, target 105, SL 98
buying tops / selling bottoms
  • #61,411
  • Aug 30, 2016 10:43am Aug 30, 2016 10:43am
Quoting PatienceFx
{quote} its a simple case of daily chart TL and Mr. July's candle
Attachment
Quoting PatienceFx
{quote} wow that line had a big effect
Quoting mamalujo
{quote} spot on man.
i am still holding this trade , i am planning for a 104.60 tp now

Attached Image
  • #61,412
  • Aug 30, 2016 10:45am Aug 30, 2016 10:45am
short term trend has turned bullish
looking to buy dips
  • #61,413
  • Aug 30, 2016 11:46am Aug 30, 2016 11:46am
Quoting MXT
short term trend has turned bullish looking to buy dips
unless boj or fed fails again , keep everything crossed , even butt cheeks
  • #61,414
  • Aug 30, 2016 11:49am Aug 30, 2016 11:49am
Quoting PatienceFx
{quote} unless boj or fed fails again , keep everything crossed , even butt cheeks
i am watching 4 levels very closely for signs

 

  1. 103.48
  2. 103.733 [ daily TL touches just above here ]
  3. 104.619
  4. 105.712

  • #61,415
  • Aug 30, 2016 12:08pm Aug 30, 2016 12:08pm
Quoting PatienceFx
{quote} unless boj or fed fails again , keep everything crossed , even butt cheeks
  • #61,416
  • Aug 30, 2016 8:42pm Aug 30, 2016 8:42pm
Quoting PatienceFx
{quote} i am watching 4 levels very closely for signs 103.48 103.733 [ daily TL touches just above here ] 104.619 105.712
yesterday's high taken, resistant way to 103.48 ahead..
  • #61,417
  • Edited Sep 1, 2016 2:24pm Aug 30, 2016 9:44pm | Edited Sep 1, 2016 2:24pm
Quoting MXT
short term trend has turned bullish looking to buy dips

Totally agree with you! I am looking to buy on dips too.

In fact, yesterday I have spotted a low risk and high probability swing trade setup on the USDJPY currency pair. I entered long with a profit target of 2:1 risk to reward on the H1 time frame.

This morning, my position took profits at the profit limit order. Currently, I am expecting some downside retracement on this currency pair before I look to buy long again.

The trade entry order and the profit target statements are as shown. Are you also trading long on the USDJPY? Are you positioning yourself on the higher time frames or are you preparing to short this currency pair?

Share with us more about your trade inputs to help all of us learn forex trading and currency trading better!

Safe trade to you!

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  • #61,418
  • Aug 30, 2016 11:13pm Aug 30, 2016 11:13pm
Quoting RiderKBP
{quote} yesterday's high taken, resistant way to 103.48 ahead..
yes
  • #61,419
  • Aug 30, 2016 11:17pm Aug 30, 2016 11:17pm
Quoting RiderKBP
{quote} yesterday's high taken, resistant way to 103.48 ahead..
today's atr is 90 pips ; 102.85 held out as support so today we should see 103.75 and my tp area is 103.70

**edited to add
also 102.95 is day open price so price needs to stay above for longs to be happy
  • #61,420
  • Aug 30, 2016 11:37pm Aug 30, 2016 11:37pm
Quoting PatienceFx
{quote} today's atr is 90 pips ; 102.85 held out as support so today we should see 103.75 and my tp area is 103.70 **edited to add also 102.95 is day open price so price needs to stay above for longs to be happy
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