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benaiah replied Nov 19, 2014Be careful, might only fall a few pips... It's been following a very tight channel up. And only bounced off of the bottom once. I'd expect another bounce off the bottom before it falls through, if it ever falls through...
USD/JPY Discussion
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benaiah replied Nov 19, 2014Okay, finally looks like it may be pulling back a little. Let's see where it finds support...
USD/JPY Discussion
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benaiah replied Nov 19, 2014I also need to see a pattern that makes sense to me. Understand the big picture. Right now could be the start of a bearish reversal pattern. Oh no! Did I say BEARSH REVERSAL... ha ha, just kidding... But it could be, and maybe pull back below ...
USD/JPY Discussion
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benaiah replied Nov 19, 2014Aren't you up past your bed time already? ha ha It was not enough of a rejection. I do not regret not entering. Price pulls back most of the time. I'd rather enter on a pull back. A 1 minute candle bounce off of a support line is not enough for me... ...
USD/JPY Discussion
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benaiah replied Nov 19, 2014well, maybe all we get is that one itsy bitsy bounce off of 118.40. That's hilarious
Still will wait for some good consolidation and rejection of it before I risk adding any longs...USD/JPY Discussion
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benaiah replied Nov 19, 2014Ha ha, get some sleep! I won't add to positions until a pull back and rejection of support. Don't see it yet...
USD/JPY Discussion
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benaiah replied Nov 19, 2014Actually, bears are in control more, in my opinion right now, pushing it down. I expect a drop to at least 118.30. We will see... But I anticipate bulls taking control. But just need to wait until it's confirmed...
USD/JPY Discussion
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benaiah replied Nov 19, 2014Agreed. Just inconclusive yet on what price wants to do...
USD/JPY Discussion
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benaiah replied Nov 19, 2014Price still consolidating. Bears pushing it down. Possible drop to 118.30ish area. Waiting


USD/JPY Discussion
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benaiah replied Nov 19, 2014Looking good so far. But I'm still waiting for it to show it can find support above 118.4
USD/JPY Discussion
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benaiah replied Nov 19, 2014Yep, looking good so far. I'll be looking for a pull back and consolidation/support to form at or above 118.40... Edit:also mentioned "at least" 2 tries to break. I wouldn't wait for more than 2 tries. I'd TP on the second try (if it failed). But it ...
USD/JPY Discussion
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benaiah replied Nov 19, 2014Plan of attack at 118.40 level (my opinion)... If it breaks through, wait for a pull-back to support (above) 118.40. Could find support at 118.40, or somewhere above it. Once that support level is confirmed, add to positions. If it bounces off ...
USD/JPY Discussion
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benaiah replied Nov 19, 2014Yes Siree, I can put my $40 dollars to good use with USDJPY

USD/JPY Discussion
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benaiah replied Nov 19, 2014One day at a time for me. Just looking at when it will get to 118.40 right now But whether it goes to 120, 150, 110, or 95, I'll happily trade it. Or if it keeps putting me to sleep, I'll have to go back to GBPJPY
I just like USDJPY since it's ...USD/JPY Discussion
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benaiah replied Nov 19, 2014Well, I think think the way price trading right now, I might even get some sleep tonight with open long positions

USD/JPY Discussion
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benaiah replied Nov 19, 2014As slow as thing is moving now, I think everyone went home except for 2 guys buying and selling back and forth...
USD/JPY Discussion
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benaiah replied Nov 19, 2014If it does bounce off 118.23-27 area, it's a buy at 118.06-12, and hold for the break out
Edit: Or if it comes back now to 118.06-12, still a buyUSD/JPY Discussion