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

Hung up at resistance on the daily chart ------>

Bears should be all over this..!

Originally Posted by wan0903

Okay guys...

here are the chart for 1234 pattern in 15 M TF..

current spike can't closed above 23.6 fibo and if continue lower from here, then 1st target at 100 fibo line 14305, then 161.8 fibo at 142321, and last at 261.8 fibo at 141274... anyway, not valid if it can closed above 144325..

happy trading..

Morning guys...


Reach already 1st target... closed 3 postion for 254 pips.. .. will let the other run...

selena... how ur e/u position ? still hold it? it reacj 13350 level yesterday... another 100 pips will reach my desire target.. anyway hope u can get pips..

happy trading guys

Hi Wan, yes I have lock in half of the profit and let the other half run.. it is a slow pair compare to our beast but more predictable, I have trailing stop on it just incase IMF and greece come up with some kind of brilliant deal and it shot up like last 2 weeks ago!!

Thanks & have a great pips day to all for those on and off this board!

Originally Posted by cool_fx

we hve a very beautiful triangle formation going on here, infact by some analysis triangle has already broken and we are going down.

but for my standard 3 candle confirmation, im gonna wait 30 more mins bfore declaring the trend.

wat do u guys think abt this?

Im holding SHORTS from 140.50, 141.40, 143.20, 143.93

All S/L 145 above

Target : open (as i short higher, i double/triple the lots

Cool-

We are on the same page. Read my previous posts on this same page. There was a smaller triangle within the one you drew. However I am so MAD. I placed my SL +1 pip and it went up and tickled it and then dropped as I stepped away from my computer for a couple hours. Either way I still have a lot of shorts I am still holding.

Here is a trade idea. Just when almost everyone in the forum is calling the same direction enter trades the other way. It seems to work. I also use your finger trap method. Works well as long as you dont over leverage. Phase into postions.

GO BEARS!

Originally Posted by 4xer

Cool-

We are on the same page. Read my previous posts on this same page. There was a smaller triangle within the one you drew. However I am so MAD. I placed my SL +1 pip and it went up and tickled it and then dropped as I stepped away from my computer for a couple hours. Either way I still have a lot of shorts I am still holding.

Here is a trade idea. Just when almost everyone in the forum is calling the same direction enter trades the other way. It seems to work. I also use your finger trap method. Works well as long as you dont over leverage. Phase into postions.

GO BEARS!

Hye buddies...

dnt worry... my 4H TF just give me a signal for bear... ,, i will hold it.. it might be bounce from here... so just hold tight and happy trading..

Originally Posted by wan0903

Hye buddies...

dnt worry... my 4H TF just give me a signal for bear... ,, i will hold it.. it might be bounce from here... so just hold tight and happy trading..

I'm looking for choppy sideways price action going into the end of April... Also looking for a monthly close around 1.4300 -- Bears are still in control, but the market appears to be catching it's breath before another push lower... Any rally attempts should be contained to the 1.4500 area going into the end of the month...

There's an easy 2000+ pips to be had on the short side for patient bears.... Price will drop below 118.80 yet in the big picture...

Originally Posted by brad_1199

I'm looking for choppy sideways price action going into the end of April... Also looking for a monthly close around 1.4300 -- Bears are still in control, but the market appears to be catching it's breath before another push lower... Any rally attempts should be contained to the 1.4500 area going into the end of the month...

There's an easy 2000+ pips to be had on the short side for patient bears.... Price will drop below 118.80 yet in the big picture...

Hye brad...

totally agree with u.. in larger TF (MN TF), i still remember i wrote last december about 139 level to watch.. so.. either we are will going to 118 (to make double bottom from year 2000 PA) or going up to 163 level to make double up (PA since year 2008)... but again... it a largest TF.. no one will hold it..

still remenber my longest long from 118-160 level and short from 160-142 level... ... it take me couple of month to close and extra rollover to pay for short side...

happy trading guys,,,

Originally Posted by wan0903

Hye brad...

totally agree with u.. in larger TF (MN TF), i still remember i wrote last december about 139 level to watch.. so.. either we are will going to 118 (to make double bottom from year 2000 PA) or going up to 163 level to make double up (PA since year 2008)... but again... it a largest TF.. no one will hold it..

still remenber my longest long from 118-160 level and short from 160-142 level... ... it take me couple of month to close and extra rollover to pay for short side...

happy trading guys,,,

Hi Wan.. I don't know about anybody else, but I'm short the beast and looking to hold it until we hit new multi-year lows.. I know most of the traders in the forum are short term traders, so you're right, likely no one will ride it out with me.. I've got patience though, I will see it through I have confidence in the short side..

Originally Posted by brad_1199

Hi Wan.. I don't know about anybody else, but I'm short the beast and looking to hold it until we hit new multi-year lows.. I know most of the traders in the forum are short term traders, so you're right, likely no one will ride it out with me.. I've got patience though, I will see it through I have confidence in the short side..

Brad...

u are not alone for longer trade... i have one more short from 15057 (From Jan) that not been close yet... ..

Originally Posted by 4xer

Cool-

We are on the same page. Read my previous posts on this same page. There was a smaller triangle within the one you drew. However I am so MAD. I placed my SL +1 pip and it went up and tickled it and then dropped as I stepped away from my computer for a couple hours. Either way I still have a lot of shorts I am still holding.

Here is a trade idea. Just when almost everyone in the forum is calling the same direction enter trades the other way. It seems to work. I also use your finger trap method. Works well as long as you dont over leverage. Phase into postions.

GO BEARS!

awesome bro.

yeah one can easily overleverage. it requires strict discipline.

but anyways im sure 145 is the cap. as long as it doesnt breaks it we just gotta hold tight.

Downside is coming into play, obviously right lol. As long as we don't dip below 92 today or tomorrow i think i'm still a buyer of this pair.

Originally Posted by speculator4x

Downside is coming into play, obviously right lol. As long as we don't dip below 92 today or tomorrow i think i'm still a buyer of this pair.

Yes, as I said. But notice that, so far, nothing has been broken. It might *get* broken, but the question is whether it stays broken. Ninety-two? Well, you can almost guarantee that large players know where your level is, and that means a visit to that area is not unlikely.

I'm a buyer the closer it gets to the rising trendline. The closer it gets, the larger the risk I'm willing to assume. I certainly would not want to short below 92, with the wreckage of those who just did that clearly visible on the rocks.

As for the yellow line that you have drawn smashing the trendline ... well, it's fantasy so far. Pure fantasy, and pure hope. There is *nothing* really to suggest it other than the line you have drawn. I could draw other lines.

Originally Posted by MoneyManager

Yes, as I said. But notice that, so far, nothing has been broken. It might *get* broken, but the question is whether it stays broken. Ninety-two? Well, you can almost guarantee that large players know where your level is, and that means a visit to that area is not unlikely.

I'm a buyer the closer it gets to the rising trendline. The closer it gets, the larger the risk I'm willing to assume. I certainly would not want to short below 92, with the wreckage of those who just did that clearly visible on the rocks.

As for the yellow line that you have drawn smashing the trendline ... well, it's fantasy so far. Pure fantasy, and pure hope. There is *nothing* really to suggest it other than the line you have drawn. I could draw other lines.

Well yea those yellow lines are arbitrary, if i could predict the path like that i'd be all set.
Looks like we found a little support here at 92.75, and yes i 100% agree with you about getting more aggressive as the price gets toward the rising trendline.

Originally Posted by speculator4x

Well yea those yellow lines are arbitrary, if i could predict the path like that i'd be all set.

Wouldn't we all

Interesting pair. The great buy (at least for now) was around 91.75. But I think a lot of folks missed it.

That, and your feeling (same as mine) about being aggressive at lower levels, makes me think we won't go there. Again today, somebody is buying the heck out of this pair below 93 (we've popped back above). It would be so easy to just let it go, but ...

the bears have finally problem, begin to believe that finally on hand have him the bulls have force and him do not abandon, while the bears that corrections they make they is very feeble