Dislikedlove it when U/J trends... but man...it almost never gives a stable pull back. Whats up with that? its like the Japanese use different algos or something, most other pairs do not trade this way.Ignored
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Dislikedlove it when U/J trends... but man...it almost never gives a stable pull back. Whats up with that? its like the Japanese use different algos or something, most other pairs do not trade this way.Ignored
DislikedI wouldn't be surprised if UJ reach to 105 today. Got some longs at 104.03/08 with TP just under 105 after which I'm expecting some pullback to...don't know, we'll see. If there isn't any strong rejection and pullback, I wouldn't complain.Ignored
DislikedSo back at 104 and we are bouncing a bit on 5min chart, but what is happening now was my fear as a bull last night. We made the new high daily high towards 105...(didn't get there). Then the bull trap is sprung and we fall back below yesterday and Wednesday's high. Now don't go selling your longs, but as a bull I want to see a weekly close above 104 and not below 103.93 which is last week's high.Ignored
Disliked{quote} All irrelevant. It's a super strong trend. My strategy is very simple, wait for the pull backs to occur, wait for strong momentum to start up again and go long over and over. We will go past 105, we will go to 110, we will pass there too - probably next year. Going to have tons of opportunities to load up on longs. I'm hoping to see 103.30 or so again before another long.Ignored
Disliked{quote} No price action is irrelevant, as each timeframe tells a slightly different story. There is some price action that is more relevant than others, for example closing price action of a candle is very important b/c it is basically some people frontrunning and making their bets for the next candle. That is why I need to see a close above last week's high. Last week price couldn't close above previous weeks high so we had a deep (past weekly 61.8% Fib) retrace this week. Maybe the reason for that was b/c Fed was speaking so traders wanted better...Ignored
Disliked{quote} Idk...Honestly if we continue getting higher highs and higher lows and the previous high acts as support I don't usually get to concerned if it closes in that range. I also look at timing and Friday in general is pretty crappy for trading. All the recent economic data that's came out recently has been in line or better than what was forcasted. Small pullbacks of 55 - 100 pips usually don't concern me when there's a strong trend. I generally look to buy those types of pullbacks.Ignored
Disliked{quote} .... Should next week sell off, the possibility of a closing the month <102 & red comes into play.Ignored