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USD/JPY Discussion

  • #62,281
  • Oct 17, 2016 11:32pm Oct 17, 2016 11:32pm
Looks like a consolidation before taking 105.5 level
No serious downside impulse yet. Will wait while the price will be knocked out from the high level.
Forcemeat can not be unrolled back...
  • #62,282
  • Oct 17, 2016 11:50pm Oct 17, 2016 11:50pm
Quoting catroot
Looks like a consolidation before taking 105.5 level No serious downside impulse yet. Will wait while the price will be knocked out from the high level.
105 level was taken back in july on the daily , then a retest of the low and a higher low higher high swing, heading up to 107 and maybe higher.
Follow The Markets Structure - Patience and Discipline
  • #62,283
  • Edited 12:54am Oct 18, 2016 12:20am | Edited 12:54am
Can anyone remember the event, that chops uj at the 125 level and press it to the 99?
Nobody knows what the price doing here?
What kind of force drives it?
How do you decide will the price take level or not? How you can determine has the force gone or it awaits for something?
Forcemeat can not be unrolled back...
  • #62,284
  • Oct 18, 2016 3:46am Oct 18, 2016 3:46am
unless h4 has a better idea

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  • #62,285
  • Oct 18, 2016 4:24am Oct 18, 2016 4:24am
The only idea that I see here is a sideways consolidation. The pair has clearly reached a strong resistance, but on the other hand there is no signal for a reversal.
  • #62,286
  • Oct 18, 2016 5:13am Oct 18, 2016 5:13am
Quoting mlawson71
The only idea that I see here is a sideways consolidation. The pair has clearly reached a strong resistance, but on the other hand there is no signal for a reversal.
I think, we will jump up to the next level to see will the pair get bounce from it or the price is acceptable for now. Then the picture will be more clean. After the bounce comes, we can think about a downside levels.

I have set up a sell order for the next resistance level just in case the price will be bounced. The figure of the left shoulder @h4 tells me that the head must sit here.
Forcemeat can not be unrolled back...
  • #62,287
  • Oct 18, 2016 9:42am Oct 18, 2016 9:42am
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  • #62,288
  • Edited 1:34am Oct 19, 2016 12:43am | Edited 1:34am
The daily support is @102.8 now.
Excellent place to take longs and close shorts.
As of the lower ranging level 102.8 border, powered by the daily support, can send the price back to try to break 104.6 or setup a double top will confirm we are going down.

PS. Let the price actors excuse me, but imo, 103.3 level doesn`t have such power.
Forcemeat can not be unrolled back...
  • #62,289
  • Oct 19, 2016 3:05am Oct 19, 2016 3:05am
Quoting catroot
The daily support is @102.8 now. Excellent place to take longs and close shorts. As of the lower ranging level 102.8 border, powered by the daily support, can send the price back to try to break 104.6 or setup a double top will confirm we are going down. PS. Let the price actors excuse me, but imo, 103.3 level doesn`t have such power.
102.05 if 103 is broken, for today i am expectring to close shorts 103.10

i ignored a few lousy signals on monday and got myself into this mess lol
  • #62,290
  • Oct 19, 2016 3:25am Oct 19, 2016 3:25am
Quoting ItsAtrap
Just got filled in a short here, based on the break of the pink line. Stops at the red line, just above last Friday's high. First targets about 100 pips lower, at the blue line. We are also at the top of sideways range of the last few weeks. I like shorting at the top of ranges formed within larger bear moves. My longer term view is that this pair is only about halfway through its corrective decline from 126 {image}
Hello. Update on my short position: this week's price action so far has allowed me to lower my stops slightly to lower risk. They are now at just above yesterday's highs. Hoping to book some early profits and move stops in the bulk of the position to break-even if my 1st TP gets hit
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  • #62,291
  • Oct 19, 2016 4:56am Oct 19, 2016 4:56am
USDJPY H4 CHART
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  • #62,292
  • Oct 19, 2016 5:52am Oct 19, 2016 5:52am
The pair is quite bearish at the moment although it is still testing 103.20. I think that if it breaks out below that support it will continue dropping towards 103.00.
  • #62,293
  • Oct 19, 2016 6:59am Oct 19, 2016 6:59am
Quoting dweb
Next week I expect ++ retracement: H4, 102.787, then up to the stars ++ Pips potential; 180
price doing it like its doing it for TV...
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We err, and err, and err again, but less.
  • #62,294
  • Oct 19, 2016 9:07am Oct 19, 2016 9:07am
Quoting dweb
{quote} price doing it like its doing it for TV... {image}
daily chart 100 sma support and bounce to 200 sma, too many strong fundamental reasons for 100 sma support
  • #62,295
  • Oct 19, 2016 3:47pm Oct 19, 2016 3:47pm
Quoting PatienceFx
{quote} daily chart 100 sma support and bounce to 200 sma, too many strong fundamental reasons for 100 sma support
Yes great - I will watch those levels. I am expecting the bearish trend to continue... I suspect inequality in market efficiency. towards or past 102.787
We err, and err, and err again, but less.
  • #62,296
  • Oct 19, 2016 10:05pm Oct 19, 2016 10:05pm
uj likely to rise to decision level 103.85 then give a short to 103.10

but if decision level is broken, then continue to 106.14
  • #62,297
  • Oct 19, 2016 10:30pm Oct 19, 2016 10:30pm
Quoting PatienceFx
uj likely to rise to decision level 103.85 then give a short to 103.10 but if decision level is broken, then continue to 106.14
its all about pivots
  • #62,298
  • Oct 19, 2016 10:46pm Oct 19, 2016 10:46pm
i know that this thread is not for aud/jpy, but i thought is worthed to check it out
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  • #62,299
  • Oct 19, 2016 11:23pm Oct 19, 2016 11:23pm
Quoting lioslim
i know that this thread is not for aud/jpy, but i thought is worthed to check it out {image} {image}
do you really need to cook it ?

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  • #62,300
  • Oct 19, 2016 11:26pm Oct 19, 2016 11:26pm
Quoting PatienceFx
{quote} do you really need to cook it ? {image}
HAHA
I LIKE IT
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