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USD/JPY Discussion

  • #62,121
  • Oct 10, 2016 5:27am Oct 10, 2016 5:27am
Quoting PatienceFx
{quote} good, if my trade remains green, my target will be 104.80 , i will add more above 103.40 if it turns red, no use dreaming (rofl)
i was planning fresh longs, now i think i will just trail this one

  1. 103.416
  2. 103.80
  3. 104.10
  4. 104.42
  5. 104.80

whichever level i get this week, starting sl week open

  • #62,122
  • Oct 10, 2016 5:59am Oct 10, 2016 5:59am
I missed the opportunity to open a long earlier so now I'm waiting for a breakout above 103.40 to do it.
  • #62,123
  • Oct 10, 2016 6:03am Oct 10, 2016 6:03am
Quoting PatienceFx
{quote} i was planning fresh longs, now i think i will just trail this one 103.416 103.80 104.10 104.42 104.80 whichever level i get this week, starting sl week open
i might have to move my tp if 104 is broken, 104 is a very strong level
  • #62,124
  • Oct 10, 2016 6:23am Oct 10, 2016 6:23am
liquidity is thin don of dubai might move the markets if he decides to take a position [ trade position ]
  • #62,125
  • Oct 10, 2016 11:22am Oct 10, 2016 11:22am
Testing the USDJPY price range and time chart

Open the chart, the time frame is according to the 30 min chart, on the UTC+3 time. Time I am posting is currently 19:15 utc+3, so you will have to do your own time conversions from wherever you are.

This is not where price will be at the given time, it is the range for the given time. So for instance, price is at 103.64 at the moment, look on the chart at the current time column, and see where price falls in between. That is the range for the time.

During that time, if price falls to for this example 103.53, you know that that is support and depending on your trading style and length of time your trades are, you will place a buy, with a SL below that. If price falls below, then 103.53 becomes top resistance, and the price under, 103.29 becomes support.

If price reaches 104.02 for this time, that is resistance.

Look for columns where price ranges cross, ie where this is a double instance of price in one column. Also look for when one ROW range becomes tighter and tighter, price should be facing up or down pressure.

Chart is within 1 or 2 pips accuracy of price hits.

Happy trading
Attached File(s)
File Type: xlsx USDJPY 10.10 Ranges.xlsx   15 KB | 250 downloads
  • #62,126
  • Oct 10, 2016 7:55pm Oct 10, 2016 7:55pm
110 by the year's end. The market will behave now like the Central Banks want them too. The end of the quarter and year fix is in.
Be humble or be humbled.
  • #62,127
  • Oct 10, 2016 7:59pm Oct 10, 2016 7:59pm
try to short now because price at resisten
Attached Image (click to enlarge)
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onorebate
  • #62,128
  • Oct 10, 2016 9:04pm Oct 10, 2016 9:04pm
what is your opinion about this trade?
its buy order.
Attached Image (click to enlarge)
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  • #62,129
  • Oct 10, 2016 9:10pm Oct 10, 2016 9:10pm
Quoting PatienceFx
liquidity is thin don of dubai might move the markets if he decides to take a position [ trade position ]
We have about 2 1/2 months left to get to 110-112
  • #62,130
  • Oct 10, 2016 10:51pm Oct 10, 2016 10:51pm
Yes, this will be a drawn out story of resistance becoming support. 104.80 will be the floor soon and in the couple weeks only a temporary ceiling. EUR/USD is making it's move down to 1.09 then 1.08. The markets are in tow now to the power of the will of the ECB and BOJ. Couple this with the equity surge that usually ensues end of year and it's a recipe for JPY and EUR selling.
Be humble or be humbled.
  • #62,131
  • Oct 10, 2016 11:22pm Oct 10, 2016 11:22pm
its official, at this price i am thoroughly confused what to trade ; just too many strong S/R levels here.

Quoting PatienceFx
its official, at this price i am thoroughly confused what to trade ; just too many strong S/R levels here.
i feel lucky to come out alive from that long, lol

if price fails to get a weekly close above 104.05 then it can drop well below this week's current low

eurusd sitting on some durable extra rubber, unlikely that ecb will permit the rubber to wear out

Attached Image (click to enlarge)
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Quoting PatienceFx
{quote} i feel lucky to come out alive from that long, lol if price fails to get a weekly close above 104.05 then it can drop well below this week's current low
i feel like an idiot to have even tried that long, lol

Quoting PatienceFx
{quote} i feel like an idiot to have even tried that long, lol

  1. daily 100 sma
  2. weekly 21 ema
  3. daily trendline

all 3 converging at the same spot, damn

  • #62,132
  • Oct 11, 2016 1:40am Oct 11, 2016 1:40am
Quoting redhotchili
This is hilarious...USD/JPY is rising because of one thing, and one thing only....An anticipated rate hike in December...lol, what a bunch of baloney if you ask me. The Japanese are manipulating their currency with the help of the US. Fundamentally this should start going back down. Nothing has changed within the economies to reflect this price. Nothing but smoke and mirrors...I expect silver to be at around 21.00+ and this towards the high 90s by the end of the year once the feds stop lying and decide to tell the truth
fed will definitely raise rates next month in 3016, mark my words
  • #62,133
  • Oct 11, 2016 2:05am Oct 11, 2016 2:05am
oh wow, where did that come from ?

anyways, shorted uj on h1 TL break

Attached Image
  • #62,134
  • Oct 11, 2016 2:14am Oct 11, 2016 2:14am
Quoting redhotchili
This is hilarious...USD/JPY is rising because of one thing, and one thing only....An anticipated rate hike in December...lol, what a bunch of baloney if you ask me. The Japanese are manipulating their currency with the help of the US. Fundamentally this should start going back down. Nothing has changed within the economies to reflect this price. Nothing but smoke and mirrors...I expect silver to be at around 21.00+ and this towards the high 90s by the end of the year once the feds stop lying and decide to tell the truth
Depends on how one looks at it. One could say that Silver only started rising because it did not look like the FED would raise rates
  • #62,135
  • Oct 11, 2016 2:22am Oct 11, 2016 2:22am
I belive that fed will rise rate this year. My friend in america said the america economy now is very good. In every restaurant, every shopping mall there are much plenty hiring needs more than ever. Sorry for bad english
  • #62,136
  • Edited 2:37am Oct 11, 2016 2:23am | Edited 2:37am
Closing my longs. Shorting to the 102. Will look to open my next long from there.

P.S.
My sensors detected possibility to redraw @101 in order to touch breaked trendline.
Forcemeat can not be unrolled back...
  • #62,137
  • Oct 11, 2016 2:36am Oct 11, 2016 2:36am
Quoting phan28395
I belive that fed will rise rate this year. My friend in america said the america economy now is very good. In every restaurant, every shopping mall there are much plenty hiring needs more than ever. Sorry for bad english
A good sign for hyper inflation after the deflationary period. Prices will catch up to those spending habits and overrun the money supply, and then the Fed will lose control once more, unable to turn the tide..
We err, and err, and err again, but less.
  • #62,138
  • Oct 11, 2016 2:41am Oct 11, 2016 2:41am
How long will it take for usdjpy to hit 105 or 107? Is 107 even possible? Anyone has any views?
  • #62,139
  • Oct 11, 2016 2:44am Oct 11, 2016 2:44am
Quoting phan28395
I belive that fed will rise rate this year. My friend in america said the america economy now is very good. In every restaurant, every shopping mall there are much plenty hiring needs more than ever. Sorry for bad english
My Uncle in Ryazan told me, that the local mushrooms have an eyes and when it get eated they looks at you by the both of them. )))
Forcemeat can not be unrolled back...
  • #62,140
  • Oct 11, 2016 2:47am Oct 11, 2016 2:47am
Quoting mrnicecookie
How long will it take for usdjpy to hit 105 or 107? Is 107 even possible? Anyone has any views?
Trace and look @ the first minor bearish trendline. Where it will be @ the moment of crossing there it will be.
The pair is just breaked the second.
Forcemeat can not be unrolled back...
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