Looks to me like it's going to break out higher to 98.20 +, gaining momentum. Originally my plan was to short all rallies around this 97.60 -- 97.70 range, but now it seems to want to break higher, though I did get faked out on the last one, which ...

USD/JPY Discussion

Was a total fake apparently. Got me good I was short and covered and then it fell 40+ pips

USD/JPY Discussion

If we break through 97.75 we're most likely going to 98.20 minimum.

USD/JPY Discussion

Gold has probably bottomed ... for 2013. I guarantee you if/when it hits 1520-1550 range and the bears will tear it down once again. Gold will see $1000 again one day. It's possible that it doesn't though. I was expecting to see $1200-$1300 Gold and ...

Sonic R. System

Personally, I think all markets are completely rigged. I'm not just into the volume analysis. I'm a PSRA trader To each his own.

Sonic R. System

Right and how does a 1 minute chart, which is obviously filled with the most noise, have anything to do with knowing what the MM's are up to?

Sonic R. System

I don't understand how using M1 for pvsra is looked at as logical. I mean maybe if you're going for like 20 pips or something like that? But the lower the time frame, the more false signals. It's always like that and i don't know how it would be ...

Sonic R. System

We can't know where it's going obviously. I favor going lower. We could come back to around 98.20 and then dive hard. I really don't know, it's a tough call. Thought we'd bounce off 97.05 and come back to around where we have come........ for now it ...

USD/JPY Discussion

I'm just that good at support and resistance

USD/JPY Discussion

Very nice trade sir.

Sonic R. System

Respect you for that. That is the type of trading style I hope to turn to eventually. For now I watch a lot and trade 2 much. But I do have a good grasp on UJ usually, and right now we're in bear mode IMO. Perhaps we will be sideways until next ...

Geppy's Geppy Thread (GBP/JPY)

Short again. Shoulda been long really but ehhh, let's go to 97 now More comfortable being short anyway

USD/JPY Discussion

I think UJ will go to 110-120 over the next years. But right now there's a short term downtrend.

Geppy's Geppy Thread (GBP/JPY)

GJ will definitely get crushed soon. Especially now that GU is all the way up here... still room for GU to go up higher, but UJ is about to get attacked hardcore in coming days iMO. GJ will finally feel some pain. It's had it easy with GU ...

Geppy's Geppy Thread (GBP/JPY)

Thanks and I agree. The 80-20 rule is one of the best there is.

Sonic R. System

Every time prices are being pushed up I hear MM's are bears, every time prices are being pushed down I hear MM are bulls. It's not logical at all. It'll work when markets are sideways but trending markets are going to destroy you. In my eyes when ...

Sonic R. System

It should mean that EUR and GBP are likely to continue rallying higher. Not always though. Where did you get that oanda chart/figure from, got a link for me?

Sonic R. System

Now looking for 97.57-97.67 area for short set ups. I don't really think we're going higher than that before we go lower. Next levels would be 95.90 and then 95. It's clear what the path of least resistance is now after today, at least it should be ...

USD/JPY Discussion

Targets hit! Now I hope it goes back up to 97.57 or higher !

USD/JPY Discussion