It might be the ole classic trick, "Hey, time to go long! It's breaking out!" "...right into resistance" Sorry, bulls, but I'll be looking for a ride back down the mountain. Unless I see a breakout above AND rejection of 117.24. Either that or a ...

USD/JPY Discussion

Well, one thing for sure, I'm not seeing the blast off I was hoping for. Hesitating way too soon. Only went up 10-15 pips and sputtering around a little. Reminds of the fact that we have to remember we are sitting right up against weekly resistance. ...

USD/JPY Discussion

Wrong chart or wrong thread or something.

USD/JPY Discussion

But I'll have to disagree with you on your view of retracements. The sharp moves are either with-trend moves, or retracements. You just need to find the right time frame to get a clear picture in order to trade them. They happen all the time in any ...

USD/JPY Discussion

By the way, I respect your opinion and view of trading, as much as everyone else's. And I'm sure you realize some traders trade intra-day. There are a lot of opportunities in both directions to get 50-100 pips or more... Of course, I'd love to have ...

USD/JPY Discussion

I hear ya... I was ready to short this thing up and down and all around (metaphorically speaking). But since it reversed and got back up here so quickly, my view quickly changed. NY daily close higher again for 5th consecutive day at 116.83 (closed ...

USD/JPY Discussion

Maybe we'll short it together when it finally turns

USD/JPY Discussion

Watching for another try at 117. Should tell which direction this will go near term...

USD/JPY Discussion

Okay. Not sure why you are responding to my post, it was in general, and not directed at you in particular. But I don't have a problem with anything. Happy trading

USD/JPY Discussion

If it's able to reject 116.80-117 (currently bulls trying to put this level behind), I'd look for 117.24 to be the next hurdle, and if it can get through that, then maybe 117.80-90. Since we are headed into so much resistance, though, I do think we ...

USD/JPY Discussion

No bear slam yet except a 1 minute 8 pip drop. First time up here, slammed right away. Second time within half hour or so. This time, almost an hour, and no bear slam yet... Holding long...

USD/JPY Discussion

Love how candles can "try to fake you out". Current hourly candle has been bearish for a while now. But last 5 minutes, it will turn bullish (prediction) Edit:double fake out - tried to be bullish and failed...

USD/JPY Discussion

I too will be looking for evidence that this pair will go back down, but so far, it is pointing up. I did not expect it to point back up so soon. And expected it to head down to 115 area right away. But so far, no dice. I believe it could still head ...

USD/JPY Discussion

ha ha, laughing at myself, after posting all of the "safe play" stuff, now H1 chart is tempting me long for another run at 117. It's not the best R:R but tempting... Also tempting, since if it does get back up there, I'd expect a new high...

USD/JPY Discussion

The safe play with this pair now, in my opinion is to wait for the pull back to be over before going long, unless you are scalping, or unless you are comfortable with SL below 115. Right now, the only way I'd feel "safe" going long (not scalping) is ...

USD/JPY Discussion

Anyone who thinks this or any pair can only go in one direction, be prepared to lose money. Or you'd better have a wide enough SL and the emotional fortitude to watch your account in drawdown for extended period of time... This was a nice little ...

USD/JPY Discussion

I went long when I BE on short position, but then went short again from 117. Something to think about - anyone who went short the first time it went 117ish still would have not been stopped out, and now getting pushed down again. Price could not ...

USD/JPY Discussion

Sold at 116.74. Moved SL to BE in case another run at 116.80. 115.30 is my target, but I'll be watching price, and will very quickly TP on shorts and buy this pair, once it shows it is done with this pull-back.

USD/JPY Discussion

116.80 will need to be overcome soon, otherwise, that pull-back continuation comes into play... Add: If 116.80 cannot be overcome, then 115.30 is my target

USD/JPY Discussion