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USD/JPY Discussion

  • #65,721
  • Apr 26, 2017 12:58am Apr 26, 2017 12:58am
short squeeze pattern, obviously.
  • #65,722
  • Apr 26, 2017 1:06am Apr 26, 2017 1:06am
Short scalp out lol Good noon all
  • #65,723
  • Apr 26, 2017 1:07am Apr 26, 2017 1:07am
Likewise. Just closed my short. They did try pretty hard to scare me out of it twice lol.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYproM1.png Size: 31 KB
  • #65,724
  • Apr 26, 2017 1:08am Apr 26, 2017 1:08am
Quoting FXClarity
As I wrote earlier today with a supporting chart. USD JPY was Long = Either be Long or flat. Why the hell would you sell something that is rising? Unless you are a very capable scalper trading short you would have been crushed.
Most wise advice. The most important thing I learn from you is minimizing risk...
  • #65,725
  • Apr 26, 2017 1:10am Apr 26, 2017 1:10am
Quoting Kanzler
Likewise. Just closed my short. They did try pretty hard to scare me out of it twice lol. {image}
Top of previous range in H4 so a good short region
  • #65,726
  • Apr 26, 2017 1:12am Apr 26, 2017 1:12am
Quoting Trade-G
{quote} Top of previous range in H4 so a good short region
Not necessarily. Had the potential to go north like it has all day long. Fake breakout and reversal pattern however revealed intent. Was very wary to short this pair but evidence was right there so took a calculated risk on it.
  • #65,727
  • Apr 26, 2017 1:14am Apr 26, 2017 1:14am
New trend channel established with price action sliding up the mid, but retracement could be on the cards, looking for the signs from above hehehhe
  • #65,728
  • Apr 26, 2017 1:17am Apr 26, 2017 1:17am
Quoting Kanzler
{quote} Not necessarily. Had the potential to go north like it has all day long. Fake breakout and reversal pattern however revealed intent. Was very wary to short this pair but evidence was right there so took a calculated risk on it.
True, unless with tight stops... I shorted the next swing down in your M1 from the DB
  • #65,729
  • Edited 1:29am Apr 26, 2017 1:18am | Edited 1:29am
Quoting Trade-G
{quote} True, unless with tight stops... I shorted the next swing down in your M1 from the DB
I'm sorry this is going to sound stupid but what do you mean DB?

Edit: There it goes. Glad I set a conservative take profit lol.
  • #65,730
  • Apr 26, 2017 1:29am Apr 26, 2017 1:29am
Quoting Kanzler
{quote} I'm sorry this is going to sound stupid but what do you mean DB?
I think he mean Dropbase if i am not wrong
  • #65,731
  • Apr 26, 2017 1:29am Apr 26, 2017 1:29am
112.20 region looks possible this week hahaha
  • #65,732
  • Apr 26, 2017 1:32am Apr 26, 2017 1:32am
Quoting Kanzler
{quote} I'm sorry this is going to sound stupid but what do you mean DB? Edit: There it goes. Glad I set a conservative take profit lol.
Sorry I meant double bottom on your M1 chart, it swing up and then the next big swing down clued me in. Yah under this sort of circumstances already good if you can extract to the max MA50 region
  • #65,733
  • Edited 1:44am Apr 26, 2017 1:33am | Edited 1:44am
Quoting kiyo
{quote} I think he mean Dropbase if i am not wrong
Thanks. Hope he got out of that on time, there was only a brief moment to catch it and after that was a second retest. I don't trust those kinds of structures in this environment though.

Edit: Long pending. Not the best setup in the world but I think worth a try.

Edit: Stopped out.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYproM1.png Size: 55 KB
  • #65,734
  • Apr 26, 2017 1:34am Apr 26, 2017 1:34am
Which is like clockwork, MA50 at Fibo50 and previous resistance turned support, it pushed it up some more
  • #65,735
  • Apr 26, 2017 1:35am Apr 26, 2017 1:35am
Quoting Trade-G
Short scalp out lol Good noon all
Yes was out immediately following my comment thanks....
  • #65,736
  • Apr 26, 2017 1:38am Apr 26, 2017 1:38am
Quoting Trade-G
Which is like clockwork, MA50 at Fibo50 and previous resistance turned support, it pushed it up some more
I wouldn't pay any attention to any moving average or fibonacci lines if I were you. They're just distractions from price action.
  • #65,737
  • Apr 26, 2017 1:39am Apr 26, 2017 1:39am
If its gonna slow grind up its gonna hit 111.65, H4 RSI is high so unless high TF players on it day RSI still have lots of room upwards..... like FXclarity inference why you want to short...
  • #65,738
  • Apr 26, 2017 1:40am Apr 26, 2017 1:40am
Quoting Kanzler
{quote} I wouldn't pay any attention to any moving average or fibonacci lines if I were you. They're just distractions from price action.
Oh no I dun use them, but I want to see what majority people see
  • #65,739
  • Apr 26, 2017 1:43am Apr 26, 2017 1:43am
To all you shorters. Forget fibs, pivots, moving averages. Is there weakness in the 15m, 1 hr. 4 hr? Am I going to catch a rising knife and say "This is where price will turn"?
FF journal: Peaks and Troffs
  • #65,740
  • Apr 26, 2017 1:44am Apr 26, 2017 1:44am
Ok out of another short scalp.... from the top range
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