Thread: Discuss USD/JPY, GBP/JPY, and other JPY Pairs

Originally Posted by skydiver

Correction - make it a foursome. Still short 132.60....not looking to add more.
I think we are going to 135.20.

lets just make it a gangb.... , iha ha ha. i also have huge shorts from 134.30 since yesterday morning.

This is why i will SHORT heavy at 133.90

There is an ascending trendline which is there since yesterday morning. but now its coming pretty close to be broken.

And when using ascending trendline or descending. Plzz use the 1hr time chart. they represent more accurately if we hve a break or no.

A solid one candle below the line (like it shudnt touch tat line at all), confirms it has broken. and i shall short like crazy.

I feel tat zone is 133.90 -133.80 , my S/L will 134.70

So at this moment, im holding shorts from 134.30. and waiting to add more asap this line breaks. goodluck folks.

Originally Posted by cool_fx

lets just make it a gangb.... , iha ha ha. i also have huge shorts from 134.30 since yesterday morning.

LoL majority is in the shorts! Considering how it refuses to break 135, I'm short from 133.7 to 134.5 now with SL all at 136.2. I feel today and monday it would hover around 134s before heading down to 133. Based on my count, I feel we would head at most towards 132.5 before resuming uptrend again. I'll close all my shorts between 132 and 133.

Will sign out for this week. Have a great weekend all!

Originally Posted by kcooperj

LoL majority is in the shorts! Considering how it refuses to break 135, I'm short from 133.7 to 134.5 now with SL all at 136.2. I feel today and monday it would hover around 134s before heading down to 133. Based on my count, I feel we would head at most towards 132.5 before resuming uptrend again. I'll close all my shorts between 132 and 133.

Will sign out for this week. Have a great weekend all!

Agree with u kcooperj, maaan this is like a harmonious place, everybody in sync SHORT

Cool FX... agree with u too, resistance too powerful aparently

a huge INVERTED HAMMER on the 1H

Based on what I see, this pair is heading lower prior to US open. My targets remain at 132.5 and 132. I'm not sure if this pair would head towards 131.3 again as a double bottom formed already. BUT if it goes down towards there again, I will be looking for a breakout of that resistance and short from there targeting 130.5. But lets see next week about that

I just opened AUD/JPY and AUD/USD shorts too. 4H MACD and Stochs looking bearish. Just additional info for anyone whose willing to make more money. haha!

Good luck all and lets ride this dragon

Originally Posted by cool_fx

This is why i will SHORT heavy at 133.90

There is an ascending trendline which is there since yesterday morning. but now its coming pretty close to be broken.

And when using ascending trendline or descending. Plzz use the 1hr time chart. they represent more accurately if we hve a break or no.

A solid one candle below the line (like it shudnt touch tat line at all), confirms it has broken. and i shall short like crazy.

I feel tat zone is 133.90 -133.80 , my S/L will 134.70

So at this moment, im holding shorts from 134.30. and waiting to add more asap this line breaks. goodluck folks.

wroooom baby wrooom wrrrom. lol 70+ pips in freakin 15 mins. tats the beauty of dragon. Closed 50% of short lots. moving my stops to 134.71

Target now 131.40 - 132.40

Wow, didn,t expect it to drop that low. Back in Long target 134 +

Originally Posted by Time Lord

Wow, didn,t expect it to drop that low. Back in Long target 134 +

LONG @ 133.5, for a quick 10-15-20 pips

Originally Posted by mihaia2002

LONG @ 133.5, for a quick 10-15-20 pips

That,s got to hit the underside of Cool's line.

Nice drop!!!! Have a great weekend everyone. Try not to spend all your pips in one place.

Originally Posted by Time Lord

That,s got to hit the underside of Cool's line.

dnt know how u guys do it. but i dnt hve a strong stomachs for scalping. i loooove medium term trades. cant deal with that tension of scalping.

Originally Posted by cool_fx

dnt know how u guys do it. but i dnt hve a strong stomachs for scalping. i loooove medium term trades. cant deal with that tension of scalping.

I'm also medium term but that was crying out.

Originally Posted by Time Lord

I'm also medium term but that was crying out.

im not long, but i closed everything at 133.60

cant risk any profits.

but u r right, we hve to hve a retracement to 134.

Originally Posted by cool_fx

im not long, but i closed everything at 133.60

cant risk any profits.

but u r right, we hve to hve a retracement to 134.

Start of next week we are all on the same boat should be a good fishing trip.