J_Graystone
Short

Another Bearish Day Trading Opportunity on USDJPY This Morning

FX:USDJPY   U.S. Dollar/Japanese Yen
744 17 10
After yesterdays break out to the down side, we have another Cypher pattern on the 5 min chart at 112.870 looking at

target 1 = 112.64
target 2 = 112.50

We will hopefully get involved in this this morning in the London Live Room.

http://www.tradeempowered.co.uk

See you in there!
Dude, the 1st target is 100! What are talking about? US boys are unwinding carry trades worth trillions! Here is not anymore a trade is fishing in a barrel or shutting sitting ducks!
+1 Reply
J_Graystone PRO BusinessInMotion
Thanks for the comment. I have no idea what you man but wish you the best in your trading this week! Thanks again
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Nice, thanks for pointing out the cypher was looking for a way to get in this. No decent structure untill 110 even!
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Bro, US big boys has been using JPY to buy stocks, bonds, treasuries bills. This scheme is called carry trade! Now, when everything is collapsing, they got a MARGIN CALL, and now they are unwinding carry trades that worth trillions! The selling you see in the market is not going to stop until they unwind their bets. This is not a currency trade, this is a building collapsing with a speed that no one could stop!
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J_Graystone PRO BusinessInMotion
yes i appreciate what you are saying but this was still a bearish opportunity in the currency pair which is why i posted it. I don't trade off of news.
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BusinessInMotion J_Graystone
I do not criticize you! I just want to help a fellow mate to take profit of this once in 10 years collapse!
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J_Graystone PRO BusinessInMotion
For example I'm expecting some support on GPBJPY at 160.00 flat because its a structure level. not because of news.
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BusinessInMotion J_Graystone
That is correct! However, I believe will not hold longer. At the break of 160 I will add more shorts. I think that first strong support will be at 150. If BOJ will not do something BIG, 120 it the final station! Sterling is a toilet paper reused couple of time!
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What in the world?? Woke up, saw your post on Twitter and decided to check out the Cypher.. I clicked the play button on your chart only to see we are down in the 111.00's territory!! Geez!! What did you London boys do to the Market!!!
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He's gathered all of the smart money in a single room. and are secretly controlling the markets.
+1 Reply
J_Graystone PRO Akil_Stokes
You're on to us!
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PateSkpate Akil_Stokes
haha! Akil, us US boys need to pull a trick like that sometime and catch all the London boys off guard! ;) We can't let them get away with one upping us!
+1 Reply
I'll make a few calls and see what I can do
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J_Graystone PRO Akil_Stokes
We managed to pull 226 pips off of the counter trend trade yesterday too. expecting a Big Drawdown
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J_Graystone PRO J_Graystone
Unfortunately i couldn't take it though because the stop loss was too big

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Ohh, very nice try on this one. A few pips shy of hitting the jackpot
+1 Reply
J_Graystone PRO Akil_Stokes
Almost!
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