It didn't have much to do with the 108 level. Look at the US 10 year rate.

USD/JPY Discussion

This makes no sense for multiple reasons. The dollar made its big run in 2013/2014 when the fed started tapering and raising rates and Japan was just starting their major QE program. The fed has stated multiple since covid started they were going to ...

USD/JPY Discussion

I'd say buyer beware. Seasonally this is when sellers step in. The dollar hasn't bounced off support during any news event in the last few weeks.

USD/JPY Discussion

106.25 was a previous breakout back in February and it lines up with the flat bottom of the cloud. Should be some support there.

USD/JPY Discussion

Just waiting for retracement on the 4 hour chart to around 108.50 to short again.

USD/JPY Discussion

There's nothing to push price higher. Inflation expectations are over exaggerated. Feds doveish which = low rates. If you were gonna see any action it should have been yesterday when retail sales data came out. Reason you didn't see anything is it ...

USD/JPY Discussion

My vision is 108.33, 107.73, 106.22.

USD/JPY Discussion

Just resistance at 109.85. Wouldn't be surprised to see it retest 109 and if that breaks you might see a quick sell off. There are alot of pending sell and buy orders around 109. Imagine what happens if those stop losses for buyers get triggered....

USD/JPY Discussion

If it holds 109.33 on the daily chart and rsi bounces of 50 I'll probably look for long positions. My average short was 110.65 and I closed that 109.05 this morning. Closes below 109.33 and heads towards 108.30 I'll probably be in the sell in May ...

USD/JPY Discussion

Apparently not much. His charting skills are atrocious. He lacks knowledge of fundamental trading and apparently timing. He posted something a while ago about how the fed printing money is good for the dollar but it's actually horrible. 2008-2013 ...

USD/JPY Discussion

Thanks. My point was that automated systems are tricky and not for the average person.

A well-behaved automated system

Mehhhh.... You didn't read my post very clearly. That system is only profitable in back testing not real life.

A well-behaved automated system

Here's an example. Bollinger Bands using range bars... Back testing can't accurately calculate range bar data.

A well-behaved automated system

I can demonstrate several systems that will have better statistics than your system in back testing, but when using them in real time they fail to produce the same results. Back testing is unreliable with several different things.

A well-behaved automated system

Unless you know what you're doing save yourself some money and give it to a hedge fund that specializes in it.

A well-behaved automated system

Thi doesn't exist...I'm working with a fellow trader on a completely custom system that's self optimizing and works off several sets of data where it switches based on positive p&l

A well-behaved automated system