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Usdjpysell

USDJPY-SELL strategyI just wanted to added further analysis using MOON phase. Moon phase is useful tool as it predicts changes to market condition. we are in fact influenced by everything around us, and the moon phase is one of them. we are a WHITE or open moon and this predicts the change of trend to down. So even considering the overbought state of the pair, the cycle will change as one can observe in the chart. this is just information and it is up to the person to believe or follow this concept.
Short
by peterbokma
5
USDJPY-SELL++++No change in view. The pair is remaining above 130.00 and for some this seems worrying... however, all what is needed some large offloading and then the ball will start rolling :) anyway, without jokes, we are really overextended and one should analyze the historical path with current period, and one will observe clearly we will correct. of course, no one (including me) cannot predict how high it will go, and some people are fearing 135.00 even. I feel that we should not have emotions about it, and purely focus on what we analyze, and making sure we are comfortable with the leverage etc. For now we remain in SELL mode and sell current 130.40-130.60 and add above 131.60 again. For those short, only add higher as mentioned. Profit orders for shorts can be @ 128.17 and 126.57 for now. I am lifting positions 15% @ 129.00, 20% @ 128.17 and rest @ 125.57 for now.
Short
by peterbokma
USDJPY-SELL+++No change in view. The move lower is only a minor correction and much more will follow. The market is overextended, and now we are forming a topping candle. The stochastic is negative and BUY pressure is reducing. this suggests LONGs are slowly getting out of the position. Strategy is SELL @ 130.30-130.60 and add above 131.60. I had added at 131.20 infact and will have the following orders in place: BUY 15% @ 129.00 BUY 20% @ 128.37 BUY 30% @ 127.17 balance @ 125.47 for now.
Short
by peterbokma
Sell USDJPY [4 May 2022]Monthly : Bearish. Even though price has not entered my sell zone between 131.5 and 135.3, there is a divergence on the monthly TF. So, there is a chance that market will start to drop before reaching my ideal sell zone. Weekly: Bearish . Same reasoning as the above. Daily : Bearish divergence. There is a signifcant increase in the buying volume on 21/April/2022, but the body of the candle is small, indicating a sign of weakness in the uptrend. H1: Market made a Break of Structure (BOS) which acts a confirmation for market to drop further. Waiting for price to re-enter the POI zone before we can place a trade. Considering that my bias is a strong bearish, the following price points would be the areas that I would be interested to sell and stack my positions. Entry 1: 130.60 Entry 2: 131.00 Entry 3: 131.50 SL: 130.95 (I don't use SL because I will stack my positions until it goes to my direction). TP: 124.00
Short
by Syahmul
USDJPY-SELL+++++No change in view. The market is way over extended and it requires a strong correction. the position is medium-term and I suspect a fall of 4-5 big figures are required to decrease the pressure a bit. Strategy SELL current @ 130.90-131.30 and add further on way up above 132.00. I know what feedback is expected, but for now I have added again @ 131.20 and average stands now at 128.97. Sightly more leverage and its fine in terms of position. The take back orders are now 35% @ 128.57 30% % 127.47 balance @ 126.07 when seen. Please note I will re-sell when positions are reduced based on the market situation that time.
Short
by peterbokma
6
USDJPY-SELL++++When using Kagi charts is useful to see some changes, and overall picture. The Haikin Ashi takes out the noise on candle sticks. Using that technique and RSI one can see the state of the market and its extreme. For medium-term am fine in seeing a good correction in the near term. For now SELL strategy unchanged for new positions SELL current 130.40-130.60 and add further above 131.60 for now. For existing shorts add above 131.60 only. Profit orders (you adjust to your own positions): 35% @ 128.17 30% @ 126.97 balance @ 125.17
Short
by peterbokma
2
USDJPY-SELL++Any time now it will decline sharply is my personal opinion. The buying pressure is reducing and the pattern is looking it wishes to topple. Further, we are way overbought, and also in terms of FIB corrective action we will likely see 125.04 in the coming weeks ahead, and short-term 127.49 as first stop. Strategy unchanged, SELL current 130.00-130.40 and add further sells @ 131.40 and above when seen. Existing positions only add 131.40 and above as a guide. Please note, these are my personal views, and I hope you do your own study ad based it on what you believe, and make sure sound money management. Profit order @ 127.65 for and re-sell on corrections upwards. My side my orders are: 35% @ 128.35 30% @ 127.17 balance @ 125.67 for now.
Short
by peterbokma
2
USDJPY-SELL++++No change in view. The market remains over extended and had perhaps tiny corrective action from highs. Pattern seems stalling now, and feel comfortable about the sell strategy. The strategy is medium-term and this requires always small leveraging to succeed. For now, for new positions SELL @ 130.00-130.50 and add above 131.20. For existing shorts, add above 131.50 when seen. Take-back orders (this relates to your own positioning of course) 35% @ 128.30 30% @ 126.97 Balance @ 125.27 for now. I may re-sell positions depending to the situation, and will update when it happens.
Short
by peterbokma
4
USDJPY-SELL+++++No change in view I had added @ 131.20 again as I am very convinced it is overextended. Average now 128.50. When we look at historical judgment, the correction for weekly chart will be anywhere from 4-6 big figs, which would mean the high 131.00 (rounded) suggests return level of 125.00 - 126.00. Using he monthly chart in combination, first correction of the weekly chart can cause a move up after before the total of 15 big figs correction needed for monthly chart will complete. The end stop will be somewhere 116.00 based on that. I am not saying I got a crystal ball, but this is what I believe is possible. I wish to note, that everyone adjust to their own style or develop one, and it is depending also to the risk level one wishes to take. Me personally, I take reasonable risks, but always make sure regarding leverage. The start positions are always very small, and I consider market may go higher. The comments seen are great, but always remember you are responsible for your own money management, same as I am for mine. :) The strategy for new positions is SELL current 130.50-130.80 and add above 131.20 again. Take backs are partly based on your own parameters and position, but for me now changed to: 35% @ 127.98 30% @ 126.57 Balance @ 124.87. The strategy will be to re-sell when buy-backs have happened and will update you on my activity.
Short
by peterbokma
8