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Usdjpysell

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
USDJPY-SELL++++I just sold 15% @ 128.45 as my order 1238.57 was not executed. The market is overextended still and the weekly chart and daily chart provides good reasons to be short. I am not saying we cannot see higher, but I would further sell above 129.45, when seen. New position SELL cirrent 128.30-128.50 and sell again @ 129.45. Profit orders are individual of course. The average now 127.33 and the take back orders placed are as follows: 30% @ 127.07 30% @ 125.78 Balance @ 123.17 for now.
Short
by peterbokma
11
USDJPY-SELL +++We have moved a little below 127.00 and I took back yesterday 30% of position @ 127.15. The average now being 126.97. The strategy for now is to re-sell again @ 128.17 when seen. The market is still very overbought and is in a correction mode. For new positions (its medium-term view) sell @ 127.80-128.00 when seen, unless you feel more aggressive you start SELL @ 127.50-127.70 and add as well @ 128.17. The take back is now: 30% @ 125.78 Balance @ 123.17 for now.
Short
by peterbokma
1
USDJPY-SELL+++We are slowly correcting down wards but with some resistance to it. Market feels it still wishes to battle, but now we got a kind of hammer formed... and further we are still overbought... and there is room for first decline to 124.67. I expect it to consolidate and trade up to 127.25 before down to 123.50. For monthly chart perspective we should see near 120.00. For now strategy is for new comers SELL @ 128.17 and add SELL 129.57. For existing shorts only add @ 129.57. Profit orders slight change: 30% @ 127.03 30% @ 125.87 Balance @ 123.67 We might re-sell again once trimmed... will update on that at the time.
Short
by peterbokma
2
USDJPY-SELL++++No change in view. I will add SELL @ 128.80 again. The steepness of the GANN angle/fan will attract gravitational force. The first move down will be towards 126.27 and then expected consolidation back to 127.20 area. Overall I suspect we will see 124.78 and then followed by 122.30. Monthly chart I see correction below 120.00. Strategy is SELL @ current 128.30 (new positions) or add 128.80. Profit orders: 30% @ 126.65 30% @ 125.17 Balance @ 122.78 for now.
Short
by peterbokma
13
sell usdjy at 126.05 with 2 tp until 124.05 YEn is in free fall but get less power to go more up even it took 100 pips today i think the target can be 130 but before that need to take a real breath like to 122.5 but i put only 124 to be sure because he is much overbought daily and weekly have ùany space to go down,also investor may wanna take them profit on this trade i go with just 1 lot and did not make stop loss coz i know max target before rejection cant be 130 ,but maybe 127.5 or 128 and if its the case,every 75 pips up more i will add 1 lot coz i have the bamance to can do..and so when he will back down my target can still or change dependt of the volatility i will update my trade in time,i will try also when it will rech target 1 and i will make a stop loss to 125.75 for at least got 30 pips gains in case he pullback up before reaching my target 2.
Short
by corsicasia
2
USDJPY-SELL++++No change in view. I will adding short above 127 (let's say 127.27) when seen. The market is still overextended, but one should consider the market to be not very liquid today and moves can be a little unexpected. The idea is that coming weeks we will see the correction, as we are analyzing a weekly chart. For new positions we SELL current 126.50-126.80 and for existing shorts @ 127.27. The profit order is: 1. BUY back 30% at breakeven 124.77 for now 2. Balance @ 120.17 for now.
Short
by peterbokma
16