USDJPY... run through 124.30 coming soon

[The Baptist]

Hi,

My Take on USDJPY = Continuation highly likely 125 cleared..

See the Fibo levels.

Enjoy the chart.

 

[Wirzex]

Nice analysis! Basically, I came to the same conclusion. However.. I don't know when will be breakout.

 

[The Baptist]

Nice analysis! Basically, I came to the same conclusion. However.. I don't know when will be breakout.

Yes many range trading oppo's to tease us first.. place a buy stop above the RH3 is my best method... let the market take you in when ready.. good luck

 

[Forexmospherian]

Yes many range trading oppo's to tease us first.. place a buy stop above the RH3 is my best method... let the market take you in when ready.. good luck

Hi guys

You two must be really long term or positional type traders as you targets could be anything from 3 weeks to 3 months plus away and thats if they happen ?

Love to know what size stops you look at playing with along with stake sizes and how much monitoring etc you plan to be taking etc.

On Friday we were down at 117 30 and for me under 118 15 and 117 75 it was intraday selling and although I have no problem buying it - I would need to see resistant areas broken at 119 and 120 00 to even think the pair really wanted to start turning up to 122 and 124 etc etc.

I wish you well and if does goes to plan - what type of RR's are you looking at and over what time span etc ???

Good Trading

Regards


F

 

[The Baptist]

Better to be taken in on the buy stop at 118.86 RH3, when the market breaks out, Then I would expect 3- 4 weeks as it is a break out.. can take a bit longer, often quicker.

getting in before is better entry but higher outcome risk, also emotional.

 

[The Baptist]

Shrugging off more dull data all about NonFarmFriday

Update.. NonFarm will prove Key on Friday

 

[The Baptist]

Squeezeing...

Squeezeing...

 

[Forexmospherian]

Squeezeing...

Could it all be awaiting NFP on Friday ??

 

[The Baptist]

yes as implied earlier..post

 

[The Baptist]

Nikkei for Yen

This is the Nikkei already in Break out for me..

 

[The Baptist]

Hammer Time

Ke levels 117/117.25 & 117.50 , 117.75

 

[The Baptist]

Breakout on NonFarm as anticipated 1st tall just post 120

Breakout on NonFarm as anticipated 1st stall just post 120.

 

[The Baptist]

NonFarm Break Trigger

NonFarm Break Trigger... 120 to be likely pause and churn area.

 

[The Baptist]

My premium client webinar.. free to those that value it... Pigging out on a winning trade, and 'In-Trade' management on the USDJPY:

http://vimeo.com/119074971

 

[fxstrategist]

USDjpy

The 119 has proven to be a good resistance on the USDJPY

 

[The Baptist]

https://www.youtube.com/watch?v=A_9QCBdB6kg&list=UURJ-LnYo_-ILdEmwLNfAr0A

 

[The Baptist]

https://www.youtube.com/watch?v=A_9QCBdB6kg&list=UURJ-LnYo_-ILdEmwLNfAr0A

The fund topped up on the second chance pullback to 118.46 for full risk value, after stops were placed at primer wind up pattern and reduced risk.. we will run 120 next before a possible fresh stall.

The sizing discussion was in my premium clients webinar here:

http://vimeo.com/119074971

 

[The Baptist]

2nd Chance top up sizing to get to full risk.

2nd chance fill at a Key level of significance and Fibo level.

 

[Simran_Roy]

Today's USD/JPY update:
SELL USD JPY BELOW 120.20 TARGET 120 119.7 SL 120.5

 

[fxstrategist]

Usdjpy

The USDJPY is still very undecided. Lets see if there is another visit to the 118.00 level from where it may bounce to the upside. A breakout of the 119.00 level could take the price to the 120.00 level.