Needs to clear 118.23-27 area, then we should see more bulls pile on...

USD/JPY Discussion

30-40ish+ pip bull jump coming right up... One more bounce off 118.13 Edit: OKay, maybe bounce off 118.06, but that's as low as I'll let it go

USD/JPY Discussion

Okay, thanks for posting. The charts I posted weren't intended to show peaks, but the mid-term target... Edit: So, mid-term 124, and if I had to guess, within a few weeks. If a couple hefty pull-backs, then by end of year. I'd lean towards within a ...

USD/JPY Discussion

hmm... Well, not sure, but I do know that if a whole bunch of traders with a lot of money take some profit on long positions, then they are shorting the market, and if more money is being sold (i.e. closing longs to take profit), than money coming ...

USD/JPY Discussion

Posted H4, daily, weekly, monthly charts showing the channel price is moving in. Eventual target 124 Edit:keeps breaking out of channels. Just move up a time frame to find the new channel it moves in. Of course this is long term, may take weeks, who ...

USD/JPY Discussion

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USD/JPY Discussion

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USD/JPY Discussion

Nice support level found a few pips above 117.85. Good sign for intra-day long positions...

USD/JPY Discussion

If 117.85 doesn't hold, I'll be looking for short opportunities

USD/JPY Discussion

I agree with you potential selling opportunities at those levels, maybe even before it gets up there, but I'll need to see what the price does when it gets up there. No way I'm going to just pick a level and sell there, unless I see recent bounce ...

USD/JPY Discussion

I think boils down to trading style and time frame, as you also allude to. I think if price is at a place where there is good R:R in either direction, then it makes sense to me to follow the price. For example, 117.85 is a key level, if it can't ...

USD/JPY Discussion

was also thinking about your "channel comment". And I agree with that too. But one problem I've found with channels (although I love using them) is that sometimes it's hard to get the right context and time frame. So, what I did with USDJPY, is zoom ...

USD/JPY Discussion

Well, I'm always looking for both short and long opportunities. I think I trade similarly to you, in that I mainly look at intra-day, or what price will do over a few days time, and trade accordingly. Price never moves in the same direction for ...

USD/JPY Discussion

Just my opinion, but I don't believe any short opportunities are in sight. I looked for them at this weekly resistance level it's been in since yesterday, but so far, bullish all the way through it, and now has broken out of it. Next weekly supply ...

USD/JPY Discussion

117.85 another very nice trading level. Can use a tight SL whichever way it goes. If you're wrong, can just jump in the other way. Or wait, cause I'm sure whichever way it goes, it'll retrace back here and bounce again... At least that's my ...

USD/JPY Discussion

If it stays above the daily R3, the next pivot point is not until 122.059 which is weekly R3. Wouldn't it be nice...

USD/JPY Discussion

Targeting 118.80ish area. Then I'll look for a reversal again... Same plan, I guess, if reversal fails, jump in long again. edit: assuming it can stay above 117.85

USD/JPY Discussion

Well, I don't only trade lower time frames... I prefer to make money while I sleep, but the only problem is, when I have open trades, I wake up every hour or 2 to check on them

USD/JPY Discussion

I don't blame you. And good job on managing your trades.

USD/JPY Discussion

Shorted the downward spike. Now I'm long

USD/JPY Discussion