USD/JPY Discussion

The h4 channel rounds. Waiting for a head.

If 103.50 will keep I suppose we will be able to move further UP.
Now we are in one channel (yellow circled) that has been always tested during the Tokyo session.
The blue (US) and red (europe) rectangles are the area where the price is not passed.
Right now I am not sure if the price will move up or down because in 103.98 there is the maximum of euro session (NOW) and this has been a tails with strong sell.
So in order to move up we need to broke this level.
Otherwise if the price will move down we have the following pivot points that can provide support:

1. DM2
2. DS1

Furthermore the previous Euro Session (red) with 103.64 and 103. 40 offers supports
If these points are broken considering the we are in a channel with can easily test 102.80 and even move furtherdown (the rectangles).
By the way I am bull on this pair, I am simply waiting the correct moment to enter.

EDIT. Inserted a buy order because the tails at 103.98 has been broken

USDJPY: 101.45 (USD 820m) 102.50-55 (826m) 103.00 (668m) 103.50 (511m) 104.00-10 (2.73bln) 104.45-55 (1.36bln)

http://orders.forexlive.com/!/option...3-oct-20161013

If the price doesn`t touch today the upper line, i`ll short @the middle one.

with bear movement re-appearing at the 315/350 monthly levels, a clear indication that the support at 140/105(102.61) might be tested.

Trendline breaked. Now the price needs to touch a broken shoulder level to go down. Bears awaits there.



The same @h4:

I'm short after the move up from support on 30-year bond futures and spoos lower currently @ be

first gain since I started posting here, it's about time, but it is only a scalp I took off 4 of 5 lots and letting final one run here with stop advanced past break even... scalp was only for about 6 or 7pips

final lot stopped at be plus one, any edge sure is fleeting, spoos have improved, bonds pulled back, eurusd pb, and usdjpy has the inevitable bounce at potential support area as bulls expect it and bears cover and H1 @ 100ma & uptrending channel spoos went from -15 when I shorted to now only -12 so good area to cover for a scalp

similar short setting up again here, but it's at us mkt open so I pass

15 pip move after I passed on potential market open volatility, I may reconsider that rule...

Shorted below 103.585, with a Dynamic Stop, very risky trade.

Looking @the graph i see the BoJ plan for yen:

Since we have a two breaked downtrend lines and we will touch them both again in order to release the bears from yen.
The point is to touch them both once at one place, when it gets crossed 15 nov 2016.
The price must touch this cross and softly shifts to the old one trendline and jump. That will be the end of both downtrends at once.
Perfect plan. It isn`t?

USD/JPY analysis

http://www.forexfactory.com/showthre...73#post9197573

sold based on daily rsi divergence, i can be either terribly wrong or right or hit tight sl

gr8 work, its really impressive

Sell below 103.30 trend reversal confirmation point

By now for this week I am out of UsdJyp. WTF I have never been so unlucky in trading as this week.

I feel you, bro'. I hedged all my positions from USD/JPY, weighing about 10 percent locked loss on it.

Lol, the same.
Monday there was the gap, inserted BUY order --> kicked out for few pips and after TP reached --> WTF
wednesday there was a triangle --> buy order, market moved up damn asian moves down again --> trailing stop hit --> WTF
yesterday --> bull channel --> inserted buy order at the bottom --> kicked out for few pips --> now the market is moving in the direction that I forecast --> WTF
yesterday --> Bull channel broken with strong --> insert sell --> the market moved in balance and kicked me out --> now is moving up as third forecast --> WTF