Yep, my target sits just a few pips below that level so we are in line. ...am also building shorts in EUR NZD

USD/JPY Discussion

Bears entered this party a long time ago and added on the gap fill...If we get to 109.80 I'll happily take profits and at that stage I'll be looking for a bounce

USD/JPY Discussion

Of course price rarely moves in a straight line to target zones as liquidity is needed - thus pullbacks and swings occur en route. There will be intraday moves within shorter timeframes but a famous trader once wrote...Ignore the bigger swing at ...

USD/JPY Discussion

A few weeks ago I advised that the GAP needed to fill and the downtrend would resume...(of course one poster ridiculed me for it)... Please observe what happened after the GAP was filled..

USD/JPY Discussion

Lets look at where the swing target sits.. Here is a chart I posted here sometime ago when the uptrend into year end collapsed - the target is highlighted by the clear black arrow pointing to the blue line.

USD/JPY Discussion

Yes its usually the case that the higher the return the higher the drawdown..that's very basic stuff and simple math. A marketable strategy for the purpose of attracting serious investor capital is one that maintains a drawdown of under 10% and a ...

Is 3%-5% gain good for a track record of 2yrs?

Hmmm. I disagree - a 2-3% return is not only on the right track..Its bang on if the drawdown remains in the 5-10% range (ideally 5-7%). This sort of performance would attract significant investor capital if marketed properly under the right ...

Is 3%-5% gain good for a track record of 2yrs?

Lol - that's very true mate..What with the SNB USD/CHF fiasco, Brexit, GBP flash crashes and other factors its sadly been carnage for many traders out there. I was the wrong end of the GBP flash crash and had to dig deep to pullback from that (took ...

USD/JPY Discussion

So far its slopped around about 40 pips in the 30 mins since the release... proving my point - NFP is a lot of hype nowadays. Going back a few years I've seen it move currencies 100's of pips in less than 5mins. Technically a lot of sellers were ...

USD/JPY Discussion

Based on technical levels and a massive overshoot in the pair leading into year end. The chart I've posted was posted live in this thread at the time as I wanted to share the opportunity with other traders..since then UJ dropped several hundred ...

USD/JPY Discussion

You've misquoted me - I never wrote it was unimportant. In all the years I've traded, NFP has always been the big calendar grabber - but in more recent years it has been a non-event on the whole. Anyway. I've got work to do. Wish you all well with ...

USD/JPY Discussion

I trade into larger swings and scale in and out en route - I don't attempt to call exact price turning points but allow myself a little more flexibility once I have the direction nailed down. With regards to NFP..I fail to see what all the fuss is ...

USD/JPY Discussion

..That's your opinion - mine is different.

USD/JPY Discussion

I called it short some time ago now and have scaled and added since...Chart attached from earlier this year with very clear arrow targeting my take profit target. I'm scaling shorts back in now.

USD/JPY Discussion

The gap has been filled and the 115 level has been tested...technically the chart has been repaired and the journey back below 110 will commence in due course. Wish you all well.

USD/JPY Discussion

Possible: Yes Likely: No

USD/JPY Discussion

No doubt there will be traders selling off a triple top formation but in my view (which may be wrong) any selling prior to the gap fill and a major key level begging to be tested - could be futile..Unless of course your scaling light leverage shorts ...

USD/JPY Discussion

The gap above 115 still needs to be filled and it will go there (as advised last week)...

USD/JPY Discussion

Shorting this pair at 1.5202 Target at 1.4902

EURNZD

Technically - this pair has unfinished business below 110 BUT it also has unfinished business above 115 and that's why its swinging... for me at least that 60 min chart ain't screaming "Short" just yet

USD/JPY Discussion