UJ behaving about like I would expect with low news today and FOMC tomorrow. Maybe some to make on the scalps, if you avoided the news out of Japan during the London session, or rode the news. I have no clue what is going on with the EU. G20 summit ...

USD/JPY Discussion

What does this mean?

USD/JPY Discussion

It really is the next hurdle for me. I took years to learn how to read charts. Probably way longer than needed, because I always over do everything. I finally realized I don't need to sit back and just learn more, I need to start doing. The next ...

USD/JPY Discussion

I passed on touch trading the gray supply zone due to the strong move up this morning. Bad decision on my part, the odds were in my favor to hit at least one and one and now it has hit nearly 2:1. I then passed on the 30M reversal sign (two bar pin ...

USD/JPY Discussion

See if this demand at 106.08 holds. If not, then the next area there should be buyers would be 106 and below that probably at 105.91. I almost bet price bounces between the supply at 106.40 - 106.28 and down to 106 today. Chopping around and waiting ...

USD/JPY Discussion

I appreciate it, I am just wondering what others think/have experienced. I have seen set-ups on Friday, but I have other things I could be doing if Fridays prove to be a waste of time v. the amount of set-ups. It seems Monday once the NY traders ...

USD/JPY Discussion

Maybe it is just me and my trading methods, but I seem to have rough Fridays. One Friday a month is NFP day, the others often seem to be like today where price doesn't move in either direction and then takes off out of no where in what appears to be ...

USD/JPY Discussion

USD strength. Maybe just some Friday profit taking?

USD/JPY Discussion

Pinbar would be one of them. The other main ones are the outside bars (bullish or bearish).

USD/JPY Discussion

SunTrader, do you trade J16 style bars, when at the right locations? I've found if at the right locations (S/D, S/R) they can be very beneficial to determining where price is heading. But I don't see anyone here post about them, at least not since I ...

USD/JPY Discussion

Good share! Did you get into the UJ pop back down? I am not happy I missed it, but other than touch trading a supply I didn't see an easy way into it.

USD/JPY Discussion

Boom, there goes the shorts. I should have shorted from the supply up there. I watched 5M/1M for price action and saw nothing of interest to get me in.

USD/JPY Discussion

I don't know if there is video of it, I was just reading about it this morning. There is audio of Trump admitting he just made up the numbers and has no idea if we run a trade deficit with Canada or not, LOL. url

USD/JPY Discussion

I was laughing more at Trump just making up random numbers to scare Trudeau and Trudeau falling for it. LOL, it is like a scene off The Office.

USD/JPY Discussion

Two juicy areas to short from at the red ellipses? Possibly. Watching PA on 5M to see if a short sets up quicker. Missed a scalping opportunity this morning on EJ short from the previous low of 130.96

USD/JPY Discussion

COGS, I certainly have read your posts. I was speaking more if we get 4 or 5 additional interest rate increases. Why is the USD getting weaker if we continue to raise interest rates making it a better investment?

USD/JPY Discussion

Add to that, if interest rates do go up, shouldn't that make the USD stronger v. the JPY? Or is the JPY such a safe haven for risk issues that it would overcome the interest rate increases?

USD/JPY Discussion

I think you are correct. The flip side is we can't continue to borrow money to pay our citizens to not work, ship jobs overseas, import a slave labor class of highly skilled workers, and continue down this path forever. Pain is needed, either now or ...

USD/JPY Discussion

Looks like UJ is chewing into the demand from Monday evening, post NY close move up. Buying is getting weaker but the sellers cannot get through all the orders yet.

USD/JPY Discussion

In that case, might you consider following more pairs and just picking out the one trending the strongest and trade in that direction? TBH, the movement of the UJ made me nearly dizzy today. Strong down, strong up, strong back down. Seemed almost ...

USD/JPY Discussion