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USD/JPY Discussion

  • #65,721
  • Apr 25, 2017 10:58pm Apr 25, 2017 10:58pm
short squeeze pattern, obviously.
  • #65,722
  • Apr 25, 2017 11:06pm Apr 25, 2017 11:06pm
Short scalp out lol Good noon all
  • #65,723
  • Apr 25, 2017 11:07pm Apr 25, 2017 11:07pm
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 25, 2017 11:08pm Apr 25, 2017 11:08pm
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 25, 2017 11:10pm Apr 25, 2017 11:10pm
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 25, 2017 11:12pm Apr 25, 2017 11:12pm
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 25, 2017 11:14pm Apr 25, 2017 11:14pm
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 25, 2017 11:17pm Apr 25, 2017 11:17pm
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 11:29pm Apr 25, 2017 11:18pm | Edited 11:29pm
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 25, 2017 11:29pm Apr 25, 2017 11:29pm
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 25, 2017 11:29pm Apr 25, 2017 11:29pm
112.20 region looks possible this week hahaha
  • #65,732
  • Apr 25, 2017 11:32pm Apr 25, 2017 11:32pm
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 11:44pm Apr 25, 2017 11:33pm | Edited 11:44pm
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 25, 2017 11:34pm Apr 25, 2017 11:34pm
Which is like clockwork, MA50 at Fibo50 and previous resistance turned support, it pushed it up some more
  • #65,735
  • Apr 25, 2017 11:35pm Apr 25, 2017 11:35pm
Quoting Trade-G
Short scalp out lol Good noon all
Yes was out immediately following my comment thanks....
  • #65,736
  • Apr 25, 2017 11:38pm Apr 25, 2017 11:38pm
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 25, 2017 11:39pm Apr 25, 2017 11:39pm
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 25, 2017 11:40pm Apr 25, 2017 11:40pm
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 25, 2017 11:43pm Apr 25, 2017 11:43pm
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 25, 2017 11:44pm Apr 25, 2017 11:44pm
Ok out of another short scalp.... from the top range
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