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USD/JPY Discussion

  • #66,021
  • May 1, 2017 6:40am May 1, 2017 6:40am
Quoting NMZee
{quote} It doesnt matter much but personally i agree to this analysis. The pullback could be deeper though 110.64 / 109.08. On a larger Tf offcourse.
yes, sir!
Attached Image (click to enlarge)
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Money is made by sitting, not trading. Jesse L. Livermore
  • #66,022
  • May 1, 2017 6:46am May 1, 2017 6:46am
Quoting sam69
{quote} yes, sir! {image}
And if adp is weak plus some dovish sentiment for dollar then on a sharper pull back you will get you gap filled. uJ gap i mean
  • #66,023
  • May 1, 2017 6:51am May 1, 2017 6:51am
Quoting NMZee
{quote} PA is respecting yoyr views and 1 HR chart. It touched 20ema at 111.66 may go to 111.83 or may be not....
111.34/20 seems like a zone to scalp a long. Hoping for a spike up for my third and final short position.
  • #66,024
  • May 1, 2017 6:53am May 1, 2017 6:53am
Quoting NMZee
{quote} PA is respecting yoyr views and 1 HR chart. It touched 20ema at 111.66 may go to 111.83 or may be not....
Region is fighting out so really no direction set yet. Shorter timeframe bullishness had its chance though
  • #66,025
  • May 1, 2017 6:55am May 1, 2017 6:55am
Quoting NMZee
{quote} 111.34/20 seems like a zone to scalp a long. Hoping for a spike up for my third and final short position.
I suppose you are looking at longer term shorts?
  • #66,026
  • May 1, 2017 7:56am May 1, 2017 7:56am
just a teeny dip for vanila options then boom 113

my both longs hit sl n closed 0
  • #66,027
  • May 1, 2017 8:14am May 1, 2017 8:14am
As long as U/J remains correlated to US stock indices, It seems unlikely the direction is going to be anything but a relatively straight line up.
  • #66,028
  • May 1, 2017 8:33am May 1, 2017 8:33am
may 3 is a deadly day lol
  • #66,029
  • May 1, 2017 8:36am May 1, 2017 8:36am
Quoting Trade-G
{quote} I suppose you are looking at longer term shorts?
Spot on. Atleast 109.xx. Whenever it happens. Will consider longs after 112.2x.
  • #66,030
  • May 1, 2017 8:39am May 1, 2017 8:39am
Quoting PatienceFx
just a teeny dip for vanila options then boom 113 my both longs hit sl n closed 0
Oh. You must have overlooked those options. No worries i'll join you in the long trade. May be from 109.08 or may be 112.2x. In betwwe i am short.
  • #66,031
  • May 1, 2017 10:00am May 1, 2017 10:00am
Two very opposing hammers on the hourly.

Tempted to go long
  • #66,032
  • May 1, 2017 10:15am May 1, 2017 10:15am
i see a massive rsi divergence on h4 uj , should it fail to break last week high again , we are in for a huge drop , check your own charts and verify for me please
  • #66,033
  • May 1, 2017 10:19am May 1, 2017 10:19am
Quoting NMZee
{quote} Oh. You must have overlooked those options. No worries i'll join you in the long trade. May be from 109.08 or may be 112.2x. In betwwe i am short.
yes sometimes i behave like a normal human being ROTFLMAO !!!
  • #66,034
  • May 1, 2017 10:23am May 1, 2017 10:23am
pa is still bullish but that divergence if it holds might kill me, so staying on fence for now
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  • #66,035
  • May 1, 2017 10:45am May 1, 2017 10:45am
Long again UJ, what i see H1TF trend continue going up...
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  • #66,036
  • May 1, 2017 7:13pm May 1, 2017 7:13pm
Quoting Mwfinad1211
As long as U/J remains correlated to US stock indices, It seems unlikely the direction is going to be anything but a relatively straight line up.
6 months ago, I made a call of a market top when the DOW was in the 18.6k range. I was obviously early, as usual, when it comes to my trading. I'm always early. Trump won the election and the market got all excited, pushing through 18.6 and making all time highs at 21k.

This post today, is to highlight the over leveraged market debt in comparison to the DOW gains. When considering marginal debt is at an all time high. Where as the market has had a hard time making significant gains. As I'm sure your aware this can be a sign of weakness developing in the markets. With the correlation of marginal debt and the market gains having begun to diverge, as we are beginning to see weakness forming in the DOW and the USDJPY. This week some high impact news (Yellen, Draghi, NFP), which could add fuel to push the markets higher or calm the markets. At this point it is early to say but this is something to watch out for.

Also with the FLAG ship pattern forming over the past week on both the DOW and USDJPY 4 hour chart. The break of this pattern could be an indication of where the market is wanting to go.
Attached Image(s) (click to enlarge)
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Learn, a forex trader must, unlearn and relearn he will.
  • #66,037
  • May 1, 2017 8:58pm May 1, 2017 8:58pm
Might be getting close to break through 112.069. If it does expect large momentum as further trend direction is confirmed.
  • #66,038
  • May 1, 2017 11:14pm May 1, 2017 11:14pm
Trendline intact, "To the Moon Alice"!

Special Shout Out to the BoJ for tirelessly and relentlessly defending the US $!

And a great big thanks to the worlds largest hedgefund the SNB for defending the US Stock market with unlimited purchases.

Cheers to all global markets becoming a predictable policy tool under central authority instead of a random unpredictable price discovery mechanism!
  • #66,039
  • May 2, 2017 12:31am May 2, 2017 12:31am
push pullback push , baby [ pips ] will come
  • #66,040
  • May 2, 2017 12:37am May 2, 2017 12:37am
Bull is just started as per D1 graph. 10 SMA 20 SMA and 100 EMA says it will go long. I think at 115
Kashyap Patel
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