USDJPY - stay alert - for poss. reversal

[deadbroke]

Quote from deadbroke:

4H pend order above continues - no better entry possible yet

1H higher risk Long entry @ close > 82.6 (to be considered but might not act on it)

Re: 1H higher risk Long entry mentioned a few posts back ...

almost right at the entry level > 82.6 mentioned there are significant moving average resistances, 144 ema and sma and 200 sma.

Be careful with these.

 

[TheMan]

houston we may have a problem


bid 81.58 stop lows


not looking stellar atm

will either be -3% or + a lot

 

[TheMan]

or maybe not

so much for that idea

 

[deadbroke]

Quote from deadbroke:

4H pend order above continues - no better entry possible yet

4H UsdJpy Long pend order above modified to .... 82.422 STOP=81.198 ...... 30 secs. ago

 

[Tsing Tao]

81.27 as of seconds ago. another winning call by the only user with an accurate ET moniker on the site.

well done!

 

[deadbroke]

UsdJpy Long @ 81.578 STOP=80.790. I'm in 30 seconds ago.

 

[MarkB]

Better spot for a try imho... WITH tight management since it's still very countertrend.

 

[deadbroke]

Quote from deadbroke:

UsdJpy Long @ 81.578 STOP=80.790. I'm in 30 seconds ago.

Will be away from the comp. so will post this trade's likely demise much later today.

 

[fredk]

Don't understand why you guys can't follow the trend?. It is clearly down and it will head to the 70s sooner or later. No wonder the OP is deadbroke.

 

[MarkB]

I agree Fred, the whole idea of trying to pick a bottom is counter to how I operate too. It's nice to know where it might bottom out OR at least bounce to scale out of shorts, but I'm waiting for at least an intraday pattern of higher highs/higher lows to hold on pullbacks before thinking buy side, and that hasn't happened yet.