USD/JPY Discussion | Page 3138 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #62,741
  • Nov 22, 2016 9:16am Nov 22, 2016 9:16am
Quoting Jfrancis
{quote} That line is showing a completion of a pattern which you obviously have no idea about
I use lines. A lot of traders use lines. Some lines get broken, some lines don't get broken.

Making a definitive statement showing just a line is less than useless. If there is something else there which you haven't stated ... state it.
Meanwhile currently the trend (up) is still in place.
  • #62,742
  • Nov 22, 2016 9:24am Nov 22, 2016 9:24am
Quoting SunTrader
{quote} I use lines. A lot of traders use lines. Some lines get broken, some lines don't get broken. Making a definitive statement showing just a line is less than useless. If there is something else there which you haven't stated ... state it. Meanwhile currently the trend (up) is still in place.
Don't fight the trend and say you had a bad week of trading while you were busy fighting the trend instead actually trading.. UP? damnn I need special chart-glasses to see my charts then.. Off cause it still needs to go hit the upper Chanel before driving down..
  • #62,743
  • Nov 22, 2016 9:34am Nov 22, 2016 9:34am
Quoting jusstin911
{quote} Don't fight the trend and say you had a bad week of trading while you were busy fighting the trend instead actually trading.. UP? damnn I need special chart-glasses to see my charts then.. Off cause it still needs to go hit the upper Chanel before driving down..
I am not fighting the up trend. Exactly the opposite.

Not sure where you got that idea. Don't just read the previous post.
  • #62,744
  • Nov 22, 2016 9:39am Nov 22, 2016 9:39am
Quoting SunTrader
{quote} I am not fighting the up trend. Exactly the opposite. Not sure where you got that idea. Don't just read the previous post.
Oh im dead sorry my bad.. read wrong.. but do you agree the uptrend is coming to an end soon?
  • #62,745
  • Nov 22, 2016 9:42am Nov 22, 2016 9:42am
Quoting SunTrader
{quote} I use lines. A lot of traders use lines. Some lines get broken, some lines don't get broken. Making a definitive statement showing just a line is less than useless. If there is something else there which you haven't stated ... state it. Meanwhile currently the trend (up) is still in place.
Many traders use lines which are placed incorrectly and place them anywhere. I'm outlining a potential ending corrective pattern.
  • #62,746
  • Nov 22, 2016 9:46am Nov 22, 2016 9:46am
Quoting jusstin911
{quote} Oh im dead sorry my bad.. read wrong.. but do you agree the uptrend is coming to an end soon?
The upward trend will retrace to 109.77 (please refer to chart I posted yesterday). As of now USD JPY is still ensconced in its upward channel in the mid timeframes attempting a break up as I type
  • #62,747
  • Nov 22, 2016 9:58am Nov 22, 2016 9:58am
Quoting jusstin911
{quote} Oh im dead sorry my bad.. read wrong.. but do you agree the uptrend is coming to an end soon?
It is coming to end at some point. Soon? Who knows.

State your case why.
  • #62,748
  • Nov 22, 2016 10:02am Nov 22, 2016 10:02am
Quoting Jfrancis
{quote} Many traders use lines which are placed incorrectly and place them anywhere. I'm outlining a potential ending corrective pattern.
Well words matter. That chart didn't say potentially.

You might be dead on. But I suggest looking at a daily or weekly before coming to any concrete conclusion.

Also look at the dollar index itself, especially on a monthly chart. A lot of room to the upside.
  • #62,749
  • Nov 22, 2016 11:10am Nov 22, 2016 11:10am
Quoting SunTrader
{quote} Well words matter. That chart didn't say potentially. You might be dead on. But I suggest looking at a daily or weekly before coming to any concrete conclusion. Also look at the dollar index itself, especially on a monthly chart. A lot of room to the upside.
I can follow the dollar well.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled1.png Size: 53 KB

Attached Image (click to enlarge)
Click to Enlarge Name: download (53).png Size: 80 KB


And I already have a long term analysis on USDJPY
Attached Image (click to enlarge)
Click to Enlarge Name: download (56).png Size: 59 KB
  • #62,750
  • Nov 22, 2016 1:13pm Nov 22, 2016 1:13pm
So you believe the dollar (DXY) is going higher at the same time dollar/yen (USDJPY) is going lower???
  • #62,751
  • Nov 22, 2016 1:29pm Nov 22, 2016 1:29pm
Quoting SunTrader
So you believe the dollar (DXY) is going higher at the same time dollar/yen (USDJPY) is going lower???
From here the dollar could either go into correction for going up or come down one more time to complete a 5 wave corrective structure before going up.


Attached Image (click to enlarge)
Click to Enlarge Name: download (57).png Size: 78 KB
  • #62,752
  • Nov 22, 2016 1:32pm Nov 22, 2016 1:32pm
Because this structure here is corrective in nature, It looks like one more down is likely.

Attached Image (click to enlarge)
Click to Enlarge Name: download (58).png Size: 84 KB
  • #62,753
  • Nov 22, 2016 6:26pm Nov 22, 2016 6:26pm
Does anyone know what hours (EST) constitute the JPY bank holiday?
Please check out my blog at https://from-zero-to-hero . net
  • #62,754
  • Nov 22, 2016 8:33pm Nov 22, 2016 8:33pm
Quoting smash1820
Does anyone know what hours (EST) constitute the JPY bank holiday?
Tokyo are 14 hours ahead of EST and their bank holiday started 2 hrs 30 mins ago.
Don't wait for the wind, take to the oars.
  • #62,755
  • Nov 23, 2016 3:42am Nov 23, 2016 3:42am
I see, the market expects uj drop. I expect to see the upper dead point somewhere around 112.5
Take care. Discharge scheduled to the middle of december.
Target 94.1
Forcemeat can not be unrolled back...
  • #62,756
  • Nov 23, 2016 3:49am Nov 23, 2016 3:49am
Looks like finally some bull exhaustion, although i would say the correction will be only limited. Double daily top means any other retest will very probably result in a break.
  • #62,757
  • Nov 23, 2016 3:59am Nov 23, 2016 3:59am
Quoting mades
Looks like finally some bull exhaustion, although i would say the correction will be only limited. Double daily top means any other retest will very probably result in a break.
Double top is a strong resistance, but there is no downside impulse at them now. Without impulses @dt - next level will be taken.
Forcemeat can not be unrolled back...
  • #62,758
  • Nov 23, 2016 4:03am Nov 23, 2016 4:03am
Quoting mades
Looks like finally some bull exhaustion, although i would say the correction will be only limited. Double daily top means any other retest will very probably result in a break.
Tend to agree. Am building a short position position to target 109.77 - which if met..I'll take profits and run.

There is still a gap to fill on my charts much lower but I'm not targeting that just yet.

There is still the area above begging to be tested and I'd be surprised it UJ doesn't take a run up to it before revisiting 110.00
  • #62,759
  • Nov 23, 2016 6:32am Nov 23, 2016 6:32am
Going short slowly, for 109,xx

Lets see how high it can go
Make money by doing the opposite of Giveachance aka loser
  • #62,760
  • Nov 23, 2016 6:51am Nov 23, 2016 6:51am
Quoting nessus94
Going short slowly, for 109,xx Lets see how high it can go
Same , SLOWLY

Most likely will surprise shooting upward to kick high volume sellers out above 111.40 to around 112.00

then

going towards 109.00

Let's see
39 traders viewing now