UsdJpy, EurJpy, GbpJpy Trading Discussion

In this thread we will discus about Japanese yen trading. post your trading idea market condition according to your understanding and your question about the yen pair. most importantly three yen pair UJ,EJ and GJ.

Usdjpy if 110 hold market could move higher toward 113 level

Following your work. Thanks and
Regards

Welcome goodways100. you can post your idea too.

Lets see next week what happen

its seems like usdjpy will hold 110 level. lets see how today's candle close

I agree hasib 110 is holding and now we are going up. The other pairs are doing the same.

DwainUK early entry could be taken out by market makers. I did not open buy yet. you could open buy but careful. Market makers take down lots of traders in this kind of position.

It seems like market is very slow. lets see what happen in us session.

Great Advice Thank you hasib. I am still waiting to get a proper entry and a test of the bottom. Cheers

I was entered too early. Now market is moving my direction. I know that it will happen market maker will eat all the small trader then market will move up. now I am in profit.

Mostly its not the market makers it’s the market itself. Market makers can add some more pips though but not much. The NY Session tested the bottom on GBPJPY too its always hard for a such a strong downtrend to change direction . But I managed to enter my long at 137.770 and holding going good for now. Cheers

I am long too from a bit to early and holding long but time for a up move is taking a bit too long

yep on a longer view that one is the case so, are we experiencing a shift in trend or a pull back, i am betting on a pull back and a shorter term view since things are different now than some time ago in this case i am watching supp at 1.1090 ish and 1.1060 ish already broken but price is spending more time above than below another push down and i do not exclude 1.08 on the other hand up move 1.14/16/18

What a Day Yen is weakening and my Trades on the GBPJPY, well I am thinking of buying a new car. Took some Profits at 139 left some, target is 143. I think shortly USD will follow. Just be carefull tomorrow its end of the month so anything can happen. Cheers

finally I close my actual trade of the week. at 87.6 pips profit. I am done for the week.

nice one can i ask you why did you close with oscillator still pointing up. Do not misurandestend me it is just for education purpose. Thanks have a nice week end

rainbow_1 nice question. This close is not in the technical rules. Just take the profit from market my weekly and monthly target is already achieved. I will plan for next month and next week. I should have hold the trade for more time if I hold the trade I could make 30 to 40 pips more but its ok as long as I am green.

Lets see what happen next week