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USD/JPY Discussion

  • #66,341
  • May 11, 2017 5:54am May 11, 2017 5:54am
bullish with next targets 114.9 and 115.5 with a stop below 113.5

no indication of weakness as of yet
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Don't Worry Be Happy
  • #66,342
  • May 11, 2017 7:06am May 11, 2017 7:06am
Wow. The Dollar/Yen does go down. I thought it only went up! Who knew....
  • #66,343
  • May 11, 2017 7:35am May 11, 2017 7:35am
just buy and forget
  • #66,344
  • May 11, 2017 9:03am May 11, 2017 9:03am
indication of weakness right now ..
  • #66,345
  • May 11, 2017 9:11am May 11, 2017 9:11am
Quoting NMZee
{quote} Shorts. I am expecting a run towards 113.1x. Lets see.
Hmm, whats the plan today Miss U J.
  • #66,346
  • May 11, 2017 9:25am May 11, 2017 9:25am
https://www.forexfactory.com/news.php?do=news&id=663915
  • #66,347
  • May 11, 2017 11:57am May 11, 2017 11:57am
Quoting kgodhani
{quote} Currently 113.4 impossible to reach.
It did reach 113.45 before it rebounded from that level to start rising again.
  • #66,348
  • Edited 1:10pm May 11, 2017 1:00pm | Edited 1:10pm
Quoting mades
indication of weakness right now ..
no, because 113.5 is still intact

if the daily closes below 113.5, then i might agree with you
Don't Worry Be Happy
  • #66,349
  • May 11, 2017 1:19pm May 11, 2017 1:19pm
Quoting dianajs
{quote} It did reach 113.45 before it rebounded from that level to start rising again.
that's nothing meaningful
Don't Worry Be Happy
  • #66,350
  • May 11, 2017 2:30pm May 11, 2017 2:30pm
Well i can see Low for today 113.458 on Tickmill
  • #66,351
  • Edited 9:34pm May 11, 2017 8:20pm | Edited 9:34pm
Feeling like a broken record here, but strong rejection off bearish trendline suggests further downward movement. Its my opinion that the stall at 113.3X was large players selling into rising market (since they have to sell while liquidity is present to fill orders. Being the that 114.3X is 100 pips highers seems like a logical place to locate large volume massive sell orders.) Could be time for Longer TF Downtrend to resume. Stops above 114.3X seem safe atm.

My system is right about 33-40% of the time with large payoffs. Since I've been wrong twice this week the odds and probabilities suggest this time may prove more profitable... In anycase the non-stop buying seems to have abated. Short to atleast 111.069.
  • #66,352
  • May 11, 2017 9:26pm May 11, 2017 9:26pm
Finally! Moving in the right direction!! BoJ please stay away!!!

However, thank you for pushing U/J up against fundamentals so that it can be shorted far higher then reasonably expected!
  • #66,353
  • Edited 11:13pm May 11, 2017 10:40pm | Edited 11:13pm
Mmmmm Mmmmm Mmmmm, smells like delicious Central Bank Capitulation. Hope the SNB has its hedges on. Tomorrow should be a particularly bearish day for US Equities.

Any move that doesn't penetrate 114.4XX represents a great opportunity to scale in short. Above that may be time to consider reversing direction although its doubtful we'll retrace anywhere near that level.

If bullish is "too the moon Alice", then we are currently, "To the Center of the Earth"!
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  • #66,354
  • May 12, 2017 12:08am May 12, 2017 12:08am
Quoting PayTheLimit
if we got a dip to 113.25/30 today, I'd buy some there...
113.10/15 seems like a better spot for today...
Look Sharp/Trade Tight
  • #66,355
  • May 12, 2017 8:09am May 12, 2017 8:09am
Quoting Mwfinad1211
Mmmmm Mmmmm Mmmmm, smells like delicious Central Bank Capitulation. Hope the SNB has its hedges on. Tomorrow should be a particularly bearish day for US Equities. Any move that doesn't penetrate 114.4XX represents a great opportunity to scale in short. Above that may be time to consider reversing direction although its doubtful we'll retrace anywhere near that level. If bullish is "too the moon Alice", then we are currently, "To the Center of the Earth"! {image}
Happy pay day... Short from 114.10
  • #66,356
  • May 12, 2017 8:13am May 12, 2017 8:13am
it might turn bearish now
Don't Worry Be Happy
  • #66,357
  • May 12, 2017 9:07am May 12, 2017 9:07am
Quoting MrPresident
it might turn bearish now
Lol, or if not then bullish again rite? You do understand the concept of trend rite. I mean 100 pips movement doesnt mean a trend reversal☺.
  • #66,358
  • May 12, 2017 9:12am May 12, 2017 9:12am
Quoting NMZee
{quote} Lol, or if not then bullish again rite? You do understand the concept of trend rite. I mean 100 pips movement doesnt mean a trend reversal☺.
yea you can be my mentor now and i will become a millionaire lol
Don't Worry Be Happy
  • #66,359
  • May 12, 2017 9:41am May 12, 2017 9:41am
tempting to go short with a stop above 113.5 but have to be careful
Don't Worry Be Happy
  • #66,360
  • May 12, 2017 9:43am May 12, 2017 9:43am
I Have some shorts aimed at 113.1 then I'm out. I agree that this doesn't mean a trend reversal (yet).
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