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USD/JPY Discussion

  • #62,861
  • Nov 29, 2016 3:02am Nov 29, 2016 3:02am
Looks like its time for a break up after it couldn't break down
Make money by doing the opposite of Giveachance aka loser
  • #62,862
  • Nov 29, 2016 3:06am Nov 29, 2016 3:06am
Manual short 112.65 target 111.05 Pending still in for sell 112.67 same target
Where price is now, it has been before, and will be again.
  • #62,863
  • Nov 29, 2016 3:07am Nov 29, 2016 3:07am
Break up is not Valid yet.
  • #62,864
  • Nov 29, 2016 5:22am Nov 29, 2016 5:22am
I opened a long position at 112.00, but I think I will close it once it reaches 112.80.
  • #62,865
  • Nov 29, 2016 6:43am Nov 29, 2016 6:43am
Good good

Rise more so I can short
Make money by doing the opposite of Giveachance aka loser
  • #62,866
  • Nov 29, 2016 7:39am Nov 29, 2016 7:39am
i know trading with 85% margin used is bad, but if returns are so good then i think its fine.
  • #62,867
  • Nov 29, 2016 7:42am Nov 29, 2016 7:42am
Quoting FXClarity
{quote} Yeah I know what you mean. I had a sell limit order placed just above that wasn't met so didn't get the add in this time around.
That's the entry I was looking for to scale back in - Short at 113.20...Bulls charging ahead
  • #62,868
  • Nov 29, 2016 7:47am Nov 29, 2016 7:47am
Quoting PatienceFx
i know trading with 85% margin used is bad, but if returns are so good then i think its fine.


  1. 113.52 [ can be tested ]
  2. 113.89 [ if broken then god help bears ]

112.78 was the final resistance on h1

113.89 is the final resistance on daily

  • #62,869
  • Nov 29, 2016 7:55am Nov 29, 2016 7:55am
In my point of view, the last chance for sellers in H1 is 113.20.
  • #62,870
  • Nov 29, 2016 8:00am Nov 29, 2016 8:00am
Quoting Onizuka
In my point of view, the last chance for sellers in H1 is 113.20.
What..You mean it will go up forever ?
  • #62,871
  • Nov 29, 2016 8:05am Nov 29, 2016 8:05am
I mean if sellers loose the battle here, it will go up, if they win retracement can go down to almost 111.

At least 112.5.

I mean we are still in a Retracement Set up.
Break up is still not walid until it break 113.20 113.30
  • #62,872
  • Nov 29, 2016 8:10am Nov 29, 2016 8:10am
Quoting Onizuka
I mean if sellers loose the battle here, it will go up, if they win retracement can go down to almost 111. At least 112.5.
Fair enough but I see it differently - so long as any instrument doesn't 'flatline' there are opportunities to make money for buyers and sellers.


"if they win retracement can go down to almost 111"

...Oh...It can go a lot lower than that
  • #62,873
  • Nov 29, 2016 8:16am Nov 29, 2016 8:16am
Haha yes, of course it can, nobody knows.

Sellers are entering in smallers time frame right now.
The first target is 112.50 then we will see what will happens there...
  • #62,874
  • Nov 29, 2016 8:18am Nov 29, 2016 8:18am
Quoting FXClarity
{quote} That's the entry I was looking for to scale back in - Short at 113.20...Bulls charging ahead
Okay, quick scalp out of 50% of the trade for +27 at 112.93. Holding the rest and building into a swing short position.
  • #62,875
  • Nov 29, 2016 9:14am Nov 29, 2016 9:14am
Ok, done.
Stay carefull around 112.50 112.60. Buyers can enter here.
Next target is around 112 112.10
  • #62,876
  • Nov 29, 2016 9:54am Nov 29, 2016 9:54am
Price Action is still indicating down-ward move.

With US GDP Data out, and not satisfying number of Business Investment, it would push Dollar more to the downside..
SpotPip - we SPOT, you PIP
  • #62,877
  • Nov 29, 2016 10:26am Nov 29, 2016 10:26am
Rose a bit more thanI expected, but on closer inspection, there are a couple of unfilled levels before a major move down.Namely 113.52 and 113.78.
A 3rd one I spotted, 113.33, has been filled a short while ago, and has, for now produced bearish pa.
I'm going to build my short, but also take long scalps.
Just closed a long at 112.97 from 112.61.
The whole setup is still looking incredibly bearish though
Where price is now, it has been before, and will be again.
  • #62,878
  • Nov 29, 2016 10:44am Nov 29, 2016 10:44am
We all know price doesnt rise forever and doesn't fall forever, we also know that where price is now,(apart from all time highs and lows) it has been before and will be again.
Right now, what we know is that,
A) We have just had a monthly move of 1300 pips, the biggest in its history
and
B) the cumulative volume on this move is unmatched since the end of the move down at 75.xx.
You dont need to be a rocket scientist to work out what is likely to happen next.
Having said that, 116 may very well be taken out, and it wouldnt surprise me if it happened with a bullshit "fat finger" in the small hours one morning.
Where price is now, it has been before, and will be again.
  • #62,879
  • Nov 29, 2016 11:36am Nov 29, 2016 11:36am
I don't expect any big moves, up or down, till NFP on Friday. Which will have some effect on the Dec Fed move.
  • #62,880
  • Nov 29, 2016 2:48pm Nov 29, 2016 2:48pm
Quoting FXClarity
{quote} Fair enough but I see it differently - so long as any instrument doesn't 'flatline' there are opportunities to make money for buyers and sellers. "if they win retracement can go down to almost 111" ...Oh...It can go a lot lower than that
Too true
Where price is now, it has been before, and will be again.
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