I believe it's 104.68 probably a typo, unless I'm looking at my chart incorrectly. I think we'd blow right through the next fib level up to 104.68. If that's what you were saying, I agree. With news coming, it could still go either way. You can't ...

USD/JPY Discussion

50% Retracement on 4 hour — We have reached the 50% retracement mark on the 4 hour. If it breaks that level things will get real interesting, but I think we are heading down from here. Good trading. Ron

USD/JPY Discussion

Nice Bull Run — That was a nice bull run, I doubt it has much more steam left in it. Caution if you are looking long. Ron.

USD/JPY Discussion

Change of Plans — Since the retrace didn't come, and we are shooting straight up, I think at the end of this run that the main trend (down) will continue. Good trading wishes to all. Ron.

USD/JPY Discussion

No disrespect — I feel that we are going up today, for how much longer I'm not sure. Probably a retrace coming up here, but I don't see this as a reason to go short. Just my 2 pips. I'll ride the trend up until it doesn't benefit me anymore. ...

USD/JPY Discussion

Next area of resistance should be around 104.20, but I expect a retrace here in the short term, so buy the dip is my plan. Patience. Still trying to master patience. Ron.

USD/JPY Discussion

Bullish today — Dusting off the crystal ball, I'm feeling bullish today. I think we'll have a pullback then up from there. So I guess that would mean that I'm expecting positive U.S. news this morning. Just a hunch, nothing that I would ...

USD/JPY Discussion

Previous support @102.60 — I would just like to point out that there is a previous support point @ 102.60, and I believe that the yen will bounce off this support, perhaps retrace for a bit and then continue downwards to your target of 101.86. ...

USD/JPY Discussion

Hi Bruce, Up to now, I've only used the technicals. I started trading Forex last year, and did the typical Noob thing, tried multiple systems until my first account was blown. Lessons to be learned there for anyone new... use a demo account while ...

USD/JPY Discussion

London time?

USD/JPY Discussion

I can't really comment on 5 minute charts. To me (a short term to mid term trend trader) 5 minutes is a hiccup. I will say, you will have to have nerves of steel to stay on 5 min charts, and while I won't say it's impossible to survive trading them, ...

USD/JPY Discussion

Unfortunately no. We would have to wait quite a while to see if this is a true double top, because it can still retrace and later break it. For that matter it can still break it with this candle. Hope that helps. Ron

USD/JPY Discussion

Yeah, you should never really try to pick the top or the bottom. Words of wisdom there for sure. Ron.

USD/JPY Discussion

Good Call. I think. Still a bit too early to call it, but it looks like it might hold.

USD/JPY Discussion

Figures. Price moved higher. Well, I still am holding out for the short position. Good luck traders. Ron.

USD/JPY Discussion

I think it wants to head to 102.60 eventually. I'll be holding it for a while. Ron.

USD/JPY Discussion

Yep I shorted at 103.42... looks like I might have been off by 5 pips as price reached 103.47. I'm going to have to work on that entry.... Ron

USD/JPY Discussion

I wish you all of the best, but I am Short, Short, Short, and will be adding to it if it reaches 103.42 Good luck to you. Ron

USD/JPY Discussion

Next area of support? — Is the next area of support at 102.60?

USD/JPY Discussion

Warren Forex Posts — Hey Bruce, I just wanted to say that I enjoy reading your posts. I find them to be informative, and I like your writing style. Maybe it's not for everyone but as you said they could easily just skip past your posts. P.S. ...

USD/JPY Discussion