The more people sell jpy, the bigger bubble it will get. When that bubble breaks, everyone will close their trade and take profit. And that may be the time the bull train is over.

USD/JPY Discussion

The strategy for today would be short above 1202.

Only Gold!

Well it was a good pending but you cancel it. The price actually go up to 1.2560 before it starts droping.

Oktoberfest Nightclub

It happens, just don't let your emotion cloud your judgement.

USD/JPY Discussion

I closed some at 1192 and 1191. And some at 1188. The rest hit my SL at 1184.

Only Gold!

I am using Elliott Wave. I actually place the order after the price hit 1175 and 1180 was a important level. I just didn't expect this bounce will be this intense. I am targeting 1230-1250

Only Gold!

Yes you are right. I love it.

Only Gold!

Where you gonna place your SL?

Only Gold!

Good. Now moving SL to BE.

Only Gold!

Bull and Bear still fighting for the 1180 handle.

Only Gold!

Long at 1180. SL will be 1175. Target above 1207. I love catching a falling knife.

Only Gold!

Closed all my short at 1177. Let's see if it can get back above 1180.

Only Gold!

I still have mine closing 2/5 of it. Now I will pay really close attention to 1182 for long.

Only Gold!

He is just calling it out of nothing, and we won't know until it happens. And I am going to take a close look at 1190 and 1180 Level. If 1180 level holds, I will close my short and go long.

Only Gold!

Trigger my pending. 1192 will be the next target.

Only Gold!

What is your reason for your short? You are betting the 117.5 will hold?

USD/JPY Discussion

Yeah it is bad. Those short in AUD is good. It will be the biggest pair drop today.

EURUSD

Those rollover in Eur/Chf are really expensive. I decided not to trade this pair after I found out.

EURUSD

Yes you are right. This pair fail to support 7860. And it is probably going to test 0.7770 as you stated in previous post.

NZD/USD

No problem, this pair has a chance to shoot up to 1230-1250, if it doesn't break above 1255 then short side will be fine. That's also why I am going to move my short to BE.

Only Gold!