If not, then I may stand aside for a while...

USD/JPY Discussion

Looking for a bounce at 117.72

USD/JPY Discussion

The other fib level I'd look at is the recent move up from 116.45 to the latest high. Already bounced off 38.2 (didn't make down to the 50% level as of yet) Edit:or the move up from 116.33 shows a bounce at 61.8 level

USD/JPY Discussion

My primary fib analysis is the short term (just the way I trade), and would look at the move from prior high of 118.916 as the beginning, and the end at 117.378. So, currently retracing the retrace So, a 100% fib move would be getting back up to ...

USD/JPY Discussion

Depends which move you are calculating...

USD/JPY Discussion

Looking good for a bullish push... Nice bounce off 23.6 fib level of this recent bearish retrace. Let's see how far it can go...

USD/JPY Discussion

Or it could bounce right were it is. I'll be looking for it get above 117.83 quick, if it is going to test 118.32 any time soon...

USD/JPY Discussion

Closed long position, since it seems right in the middle (between 117.40 and 118.32). Could test 117.40 again. If that doesn't hold, then 116.81...

USD/JPY Discussion

Yep. And trying to get above 117.95... Nice rejection of key level 117.61, as it bounced at 117.665. But we'll need to see how it reacts to 117.20-40 assuming it can continue up. I still expect range (117.7-119) to hold through today, and maybe ...

USD/JPY Discussion

Then I assume you haven't had an issue trading on their different candle times? My question was just out of curiosity since I use another broker to keep an eye on NY close candles. For time frames H1 and under there's not much difference. But for H4 ...

OANDA Discussion

My only problem with Oanda is they don't have NY close candles. Have you found this to be a problem?

OANDA Discussion

We are heading next week into range mode. I'd only note 1 thing. Price retraced, and bears could not push it lower on the second attempt. Just about any time frame you look it (except for D1 and above), there is no clear direction, hence, my view is ...

USD/JPY Discussion

Generally speaking, not responding to anyone in particular, one thing I've noticed that can happen, is when a trader gets stopped out, they immediately think they need to jump in a trade in the opposite direction. This is incorrect thinking unless ...

USD/JPY Discussion

It will continue to go up. The trend is still strong. Join the trend. Don't try to catch the first "big" retracement. Trends always go longer and farther than anyone thinks. Even after that first "big" retracement, it doesn't mean the trend is over. ...

USD/JPY Discussion

Price has broken the upper boundary of the channel it's been moving in on H4. Currently it is establishing the bottom, it seems of the new channel, which has an even steeper incline. It would appear that 120+ is the target for next week. Edit: ...

USD/JPY Discussion

Would love to see it blast through 118.29. But, if I had to guess, I'd say it will bounce around between 118.29ish area and where it is right now for a while. We will see... Edit: If doesn't get above 118.29, would mean we enter next week in range ...

USD/JPY Discussion

Yep, and just looked at GBPJPY and it too looks ready to blast off. Again, key is 118.29. If it can get above that, I'd foresee a very bullish week next week...

USD/JPY Discussion

Looks good to me. 117.35 was the low yesterday. Today couldn't touch it on this push down today. Let's see if it holds...

USD/JPY Discussion

Still totally not comfortable with short positions. Look at it now? Does it look like it's just dying to go lower? Obviously anything is possible. But if you look at the H4 and daily charts, there is absolutely NO VOLATILITY. It is my opinion, that ...

USD/JPY Discussion

118.29 is key target that needs to be broken today. If it can't get above that, or somehow show it's ready to bust through it, I expect further ranging, or more downward movement next week.

USD/JPY Discussion