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USD/JPY Discussion

  • #65,381
  • Apr 18, 2017 7:42am Apr 18, 2017 7:42am
Quoting FXClarity
Yes, agreed I am about to start phasing Longs in any second
Long at 108.72
  • #65,382
  • Apr 18, 2017 7:43am Apr 18, 2017 7:43am
Quoting Onizuka
{quote} That is a triangle pressure. It happens every time. classical pattern.
i don't follow patterns
Don't Worry Be Happy
  • #65,383
  • Apr 18, 2017 7:47am Apr 18, 2017 7:47am
Quoting MrPresident
{quote} i don't follow patterns
I do.
I did not quote your post by the way. But thank you.
  • #65,384
  • Apr 18, 2017 7:58am Apr 18, 2017 7:58am
Quoting Onizuka
{quote} I do. I did not quote your post by the way. But thank you.
Inserted Video


i say what i want, i say what i feel, i do anything, i'm gonna make it real, gimme love

lalalala
Don't Worry Be Happy
  • #65,385
  • Apr 18, 2017 8:02am Apr 18, 2017 8:02am
Quoting MrPresident
{quote} https://www.youtube.com/watch?v=QmkQ8ppxGnU i say what i want, i say what i feel, i do anything, i'm gonna make it real, gimme love lalalala
Hahaha nice one !
  • #65,386
  • Apr 18, 2017 8:09am Apr 18, 2017 8:09am
Quoting Onizuka
{quote} That is a triangle pressure. It happens every time. classical pattern.
Where's the triangle though? Looks more like a downwards channel for me, see:

Granted, it's not plummeting down at the first sign of weakness like last couple of weeks, but it does seem to be slowly descending.
Attached Image (click to enlarge)
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  • #65,387
  • Apr 18, 2017 8:10am Apr 18, 2017 8:10am
I'm still long, but I'm a bit confused why the selldown. Would anyone care to enlighten me? Thanks.
  • #65,388
  • Apr 18, 2017 8:11am Apr 18, 2017 8:11am
Quoting ThreeHalf
I'm still long, but I'm a bit confused why the selldown. Would anyone care to enlighten me? Thanks.
hahaha
Don't Worry Be Happy
  • #65,389
  • Apr 18, 2017 8:14am Apr 18, 2017 8:14am
Here it is on H1 :
A trend within a trend.
Attached Image (click to enlarge)
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  • #65,390
  • Apr 18, 2017 8:15am Apr 18, 2017 8:15am
Quoting Starcraftmaz
{quote} Where's the triangle though? Looks more like a downwards channel for me, see: Granted, it's not plummeting down at the first sign of weakness like last couple of weeks, but it does seem to be slowly descending. {image}
There was an expanding triangle in the 5 min that I took but it failed on its first attempt so I have just closed at breakeven.
  • #65,391
  • Apr 18, 2017 8:16am Apr 18, 2017 8:16am
Quoting Onizuka
Here it is on H1 : A trend within a trend. {image}
Not a triangle in my opinion ,, should be more obvious then that.
It's in fear when people show what they truly value.
  • #65,392
  • Apr 18, 2017 8:18am Apr 18, 2017 8:18am
Quoting ThreeHalf
I'm still long, but I'm a bit confused why the selldown. Would anyone care to enlighten me? Thanks.
like I mentioned yesterday .. the big boys like the big run up for sell (not to sell while it's running up), can't say much else.. it's a market, it does bizarre thing's we don't expect .
It's in fear when people show what they truly value.
  • #65,393
  • Apr 18, 2017 8:19am Apr 18, 2017 8:19am
Quoting ThreeHalf
I'm still long, but I'm a bit confused why the selldown. Would anyone care to enlighten me? Thanks.
Just before going down some blog says US army plans to shoot down NK's testing missile.
  • #65,394
  • Edited 8:40am Apr 18, 2017 8:26am | Edited 8:40am
Quoting ensale
{quote} Not a triangle in my opinion ,, should be more obvious then that.
It is pressur. It not take care of opinion.

That is just how market works.

Market is Fractal, it follows a logic.
Attached Image (click to enlarge)
Click to Enlarge Name: xxx.PNG Size: 39 KB
  • #65,395
  • Apr 18, 2017 8:44am Apr 18, 2017 8:44am
Quoting ThreeHalf
I'm still long, but I'm a bit confused why the selldown. Would anyone care to enlighten me? Thanks.
we are going to 108 so why are you long man?
Don't Worry Be Happy
  • #65,396
  • Apr 18, 2017 8:55am Apr 18, 2017 8:55am
I closed my long at 109.00 as I intended to and then I shorted after the pair formed the bearish spinning top bar on the H4 time frame below 109.20. I think next target is 108.20 again.
  • #65,397
  • Apr 18, 2017 9:08am Apr 18, 2017 9:08am
I shorted at 108.95 TP : 108.20
the pattern is slowly descending if you guys noticed.:/

well, happy trading everyone.
  • #65,398
  • Apr 18, 2017 9:21am Apr 18, 2017 9:21am
Nice trade. But I may go long if price reaches the local low
  • #65,399
  • Apr 18, 2017 12:11pm Apr 18, 2017 12:11pm
i love this pair so much

i think we may retrace though
Don't Worry Be Happy
  • #65,400
  • Apr 18, 2017 6:16pm Apr 18, 2017 6:16pm
exhausted candle on the 1h, high probability sell to 108.347
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