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USD/JPY Discussion

  • #63,121
  • Dec 18, 2016 10:59pm Dec 18, 2016 10:59pm
Quoting SunTrader
Maybe it is from my upbringing in a beach town and continuing to do so over the years I learned to swim with not against the dominant tide/wave flow, but the more shorts - going against the obvious longer term uptrend in place - the happier I am.
It is not about a random entry but more of following where the orders may have been placed - you are correct this is the hard money trade as it is against trend.
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  • #63,122
  • Dec 18, 2016 11:03pm Dec 18, 2016 11:03pm
Quoting Not-KPMG
{quote} Pure speculation and balloon... and FED. My forecast chart here. Speak again in 6 months. Green pips. PS: I don't trade yen. Too messy for me. It's just my view, and my small positions. Thanks to guys replying positively. Chart updated.Had 70 downloads {image}
Definitely. Large specs are trading momentum so I'm thinking net shorts could go up to 100+k contracts before reversing.

Momentum is strong so I wouldn't try to fade this, but I'm not going to go long this pair without a substantial pullback, nothing goes up or down in a straight line.
"Where you want to be is always in control, never wishing, always trading.
  • #63,123
  • Dec 18, 2016 11:13pm Dec 18, 2016 11:13pm
Quoting PatienceFx
at 118.65 the top is in place here on monthly, i will be cautious with longs view, bulls are still in control no doubt but ......... caution comes first
didn't want to terrify the bulls, but we hit a pretty strong trendline, so be cautious this week

anything below 116 and enjoy the bear party, anything above 118.65 and enjoy the ride to next monthly resistance in blue on chart
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  • #63,124
  • Dec 18, 2016 11:20pm Dec 18, 2016 11:20pm
Quoting PatienceFx
{quote} didn't want to terrify the bulls, but we hit a pretty strong trendline, so be cautious this week anything below 116 and enjoy the bear party, anything above 118.65 and enjoy the ride to next monthly resistance in blue on chart {image}
Thx for the analysis PatienceFx. TP hit during Asia.
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We err, and err, and err again, but less.
  • #63,125
  • Dec 18, 2016 11:22pm Dec 18, 2016 11:22pm
forecasting perhaps a bear trap, this pair will still have large pips upwards this week,
  • #63,126
  • Dec 18, 2016 11:54pm Dec 18, 2016 11:54pm
Quoting PatienceFx
{quote} didn't want to terrify the bulls, but we hit a pretty strong trendline, so be cautious this week anything below 116 and enjoy the bear party, anything above 118.65 and enjoy the ride to next monthly resistance in blue on chart {image}
Nice, I see Fractal Trend Lines too

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It takes a lot for me to IGNORE you, but you can try.
  • #63,127
  • Dec 19, 2016 1:19am Dec 19, 2016 1:19am
The pair probably will continue its consolidation movement as long as support level 117.00 still holds.
  • #63,128
  • Dec 19, 2016 2:31am Dec 19, 2016 2:31am
Got a big sell from 117.9, locked in profits at 117.54 hoping we're able to retest and break 117... if that gives I think we should see at least 116.5 where I'll be taking profits and looking to get long.
niemals aufgeben
  • #63,129
  • Dec 19, 2016 3:49am Dec 19, 2016 3:49am
Quoting Dream_trader
Opened some short at @ 118.20/40. Target @ 117.75/50 (but hope for more correction in this pair) SL @ 118.70
Good trade. Why made short there? Fibonacci weekly level. Now will wait.
Short order @ 118.00/118.40
Long order @ 116.30/115.70.
  • #63,130
  • Dec 19, 2016 6:12am Dec 19, 2016 6:12am
Quoting Dream_trader
{quote} Good trade. Why made short there? Fibonacci weekly level. Now will wait. Short order @ 118.00/118.40 Long order @ 116.30/115.70.
Will buy only if it reaches 115,1x/2x

Otherwise sell
Make money by doing the opposite of Giveachance aka loser
  • #63,131
  • Dec 19, 2016 8:21am Dec 19, 2016 8:21am
Quoting irish25
{quote} It is not about a random entry but more of following where the orders may have been placed - you are correct this is the hard money trade as it is against trend.
Yes but retracement in a obvious strong uptrend is one thing and dropping to 105 is a whole nother.
  • #63,132
  • Dec 19, 2016 9:10am Dec 19, 2016 9:10am
Quoting SunTrader
{quote} Yes but retracement in a obvious strong uptrend is one thing and dropping to 105 is a whole nother.
I presented two targets 116.96 then possibly 116.28 and those represent the bottom of the two zones on my hourly, the first was hit - the lowest on the daily 110.45 - making bold accusations that are untrue if not discredit the other trader is in poor taste. Good trading and profits SunTrader
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  • #63,133
  • Dec 19, 2016 10:57am Dec 19, 2016 10:57am
USDJPY 4H Chart:
Allowing for alternation with Wave ii,
the Wave iv correction may go as low as ~115.74.
Cheers, U2
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Wait, or you will be slaughtered!
  • #63,134
  • Dec 19, 2016 11:20am Dec 19, 2016 11:20am
Reversed my trade here tp 120ish +
  • #63,135
  • Dec 19, 2016 2:19pm Dec 19, 2016 2:19pm
There is a swap area at the bottom 114.96 - this may be a target as well as long as the swing highs keep falling
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  • #63,136
  • Dec 19, 2016 3:14pm Dec 19, 2016 3:14pm
Let's wait for BOJ's clearance of current temporary resistance, then price action should keep on his way UP.

https://www.tradingview.com/x/crvdlOZc/
I used to be indecisive but now I'm not so sure...
  • #63,137
  • Dec 19, 2016 4:01pm Dec 19, 2016 4:01pm
Quoting SunTrader
{quote} And if it goes higher instead what do we get?
my friend,
I am not sure it will reach 119 . It might . What is certain is that we are very close to a medium-long term top in $JY TIMEWISE. Next few days will tell the story . A move below today's low will be significant . [116.55 ]
  • #63,138
  • Dec 19, 2016 4:06pm Dec 19, 2016 4:06pm
Quoting irish25
{quote} I presented two targets 116.96 then possibly 116.28 and those represent the bottom of the two zones on my hourly, the first was hit - the lowest on the daily 110.45 - making bold accusations that are untrue if not discredit the other trader is in poor taste. Good trading and profits SunTrader
You replied to me after I replied to someone else - someone else who mentioned 105. Understand the trail of what is said before jumping to conclusions.
  • #63,139
  • Dec 20, 2016 2:11am Dec 20, 2016 2:11am
up we go 119.65
  • #63,140
  • Dec 20, 2016 2:25am Dec 20, 2016 2:25am
Quoting PatienceFx
up we go 119.65
I think so. Will try to hit 120
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