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USD/JPY Discussion

  • #65,021
  • Edited 10:25am Apr 6, 2017 10:10am | Edited 10:25am
Pending LONG at 111.10.

TP: 111.90
SL: 110.80
"Don't lose your cool, and you will fare well".
  • #65,022
  • Apr 6, 2017 10:32am Apr 6, 2017 10:32am
Quoting PatienceFx
planning for a decent short from 111 2259393 {image}

I´m a litle divided here between long or short but I think I'll short from 111.200
  • #65,023
  • Apr 6, 2017 10:36am Apr 6, 2017 10:36am
Quoting brnofs
{quote} Im a litle divided here between long or short but I think I'll short from 111.200
Hey bro, I suggest that you do not enter if you are unsure.
Only enter when you have certain level of confidence. Otherwise it is not much difference from gambling!
I look for value wherever it can be found
  • #65,024
  • Apr 6, 2017 10:42am Apr 6, 2017 10:42am
i'd be a seller at least at 111.8 or 112.2 area, n that is only if the pa shows reversal signal. careful n be green fellas
  • #65,025
  • Apr 6, 2017 10:44am Apr 6, 2017 10:44am
Yesterday was a panic sell.

Today, rationality returns again, I guess. And NFP is almost sure to be bullish tomorrow.
"Don't lose your cool, and you will fare well".
  • #65,026
  • Edited 11:43am Apr 6, 2017 10:45am | Edited 11:43am
Quoting diana91
Pending LONG at 111.10. TP: 111.90 SL: 110.80
Triggered.

Update: moving SL to 110.70, second bull run possible.
"Don't lose your cool, and you will fare well".
  • #65,027
  • Apr 6, 2017 11:10am Apr 6, 2017 11:10am
Quoting brnofs
{quote} Im a litle divided here between long or short but I think I'll short from 111.200

Triggered took few pips and out.
  • #65,028
  • Apr 6, 2017 11:42am Apr 6, 2017 11:42am
now back to 110.8 than up to 112 (thats what i'm trading right now)
https://twitter.com/BeauBuyer
  • #65,029
  • Apr 6, 2017 11:46am Apr 6, 2017 11:46am
I saw already few of us taking long when price is on top and taking short when on the bottom. Why? Is there any strategy in this?
Please don't take this as an offence. I'm just asking and trying to learn something. And that's because maybe I don't have enough balls to do this. I tried this way few times and always with loses. Maybe I did it wrong? :/
  • #65,030
  • Apr 6, 2017 11:48am Apr 6, 2017 11:48am
Quoting uszatek
I saw already few of us taking long when price is on top and taking short when on the bottom. Why? Is there any strategy in this? Please don't take this as an offence. I'm just asking and trying to learn something. And that's because maybe I don't have enough balls to do this. I tried this way few times and always with loses. Maybe I did it wrong? :/
Actually, I was thinking if 111 get breached easily, that it might stay above it, as it is psychological point. Only mistake was that I haven't put my entry point higher 10-15 pips.
"Don't lose your cool, and you will fare well".
  • #65,031
  • Apr 6, 2017 2:14pm Apr 6, 2017 2:14pm
Quoting FXClarity
{quote} In fairness - its been a slow drag down and I believed we'd see a dip under 110 some time ago. That target remains intact (for me at least) but I've unwound my position favouring EUR crosses instead..UJ was only 40 pips or so away whereas other set ups showed 200 -400 pips to a target level..What do 'ya do.. Here's how I'm seeing it on the H1 TF {image}

I think your gap will be finally filled. At least is what I'm seeing right now.
  • #65,032
  • Apr 6, 2017 4:31pm Apr 6, 2017 4:31pm
Quoting brnofs
{quote} I think your gap will be finally filled. At least is what I'm seeing right now.
Oh, I'm quite sure it will but in the interests of transparency I was unwinding my position in late March when we ran down to the 110.20's.

At that stage the distance to target was only 40 pips or so and I had a trade setting up on EUR NZD (posted the chart in this thread) that was worth over 200 pips to 1st target which was hit last Friday.

...I never wed a trade - if there is a bigger opportunity elsewhere I'll scale the trade down and place size on the trade with bigger profit potential; it's one of the few benefits we have as lone wolf retail traders. We can take our business wherever we choose.

As a technical trader; a chart is a chart and I don't give a damn what 'label' is on it.
  • #65,033
  • Apr 6, 2017 8:44pm Apr 6, 2017 8:44pm
Expect a possible big reversal of all the markets that moved because of U.S. launching cruise missiles into Syria - at some point.
  • #65,034
  • Apr 6, 2017 8:56pm Apr 6, 2017 8:56pm
Quoting SunTrader
Expect a possible big reversal of all the markets that moved because of U.S. launching cruise missiles into Syria - at some point.

Big test on 110 major support..
  • #65,035
  • Apr 6, 2017 9:07pm Apr 6, 2017 9:07pm
That's toast.
  • #65,036
  • Apr 6, 2017 10:27pm Apr 6, 2017 10:27pm
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY divergence.png Size: 32 KB


BULLISH SCENARIO
1. Expect the CCI to break the descending triangle above.
There's big possibility that the CCI can give a false break the lower support line.
2. Furtheremore there is a bullish divergence on the daily. If the CCI breaks above the CCI descending trend line, then the Daily bullish divergence is true.

BEARISH SCENARIO
1. If it breaks the CCI support line, I expect it wouldn't go further than -161.65.
Assuming it does break lower than -161.65, then bearish presume.

All of this depends on NFP result.
This is not investment/trading advise. Will not hold accountable for loss
  • #65,037
  • Apr 7, 2017 12:29am Apr 7, 2017 12:29am
Wondering if Syria airstrikes are gonna have any long term effect on markets, or this is just a panic reaction. Got kicked out just because of that crap.
"Don't lose your cool, and you will fare well".
  • #65,038
  • Apr 7, 2017 12:46am Apr 7, 2017 12:46am
Quoting diana91
Wondering if Syria airstrikes are gonna have any long term effect on markets, or this is just a panic reaction. Got kicked out just because of that crap.
In my opinion, it won't take long term effect and it will recover. it's been 4 bullish candle, lucky me that I took 20 pips when it's recovering.
  • #65,039
  • Apr 7, 2017 3:03am Apr 7, 2017 3:03am
As predicted; the Bear Flag and Bear FlagCluster formation I posted yesterday obliged - a very reliable pattern and one that catches out many traders taking 'Longs' - which is why its other name is a 'Bull Trap'.

Chart attached should demonstrate this clearly enough.

NFP today so lets see what that does..But for me there are better business opportunities elsewhere now..

Wish you all well.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1BF.png Size: 83 KB
  • #65,040
  • Apr 7, 2017 3:32am Apr 7, 2017 3:32am
Hello guys! Here is my new Daily levels commentary video for 7.4.2017. Those who followed my trading levels got today 11th winning trade in a row! I think this weekend will be a good time for a little celebration
Enjoy my friends!
Inserted Video
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