What I am seeing is a lot of questions around the hanging and shallow nature of the pullback of 'iv' in this 'C' leg. We will also cover some of the Fed talk, which is getting somewhat over-cooked.
In my opinion, the issue with the pullback in 'iv' is one of the classical issues with momentum and impulsive plays. We are here talking about the same leg from 100, 103, 105, 108, 114, 118, 120, and now 134. The value in FX is spotting divergences ahead of time, we outguessed the statically weak BOJ, while FED showed dynamic strength triggering an impulsive leg.
In this impulse, the problem around when to add becomes important because the natural stop loss (i.e below the last 108 swing lows) reaches beyond the realms of any r:r. So has the train already left?
It is essential for you to make up your own mind, based on your own experience, about the problem I have just indicated. Try, as Buyers aim to reach their natural target, e.g 150, to find some final hit-and-runs with the news flow. This has been an excellent live example so far. It will do you good to get a feel of how quickly impulsive legs can become in the middle and late stages. In addition, it has been an enriching experience of just how important it is to infiltrate your opponent before they realise the battle has even started.
Hopefully some useful perspective, the fruits of the USDJPY maps stretching the last few years, will help you along this thorny road, but only painful experience can help you find your last minute entries here.
But honestly, I expected some comments on the BoJ trying to save the bonds, and BlueBay having gigantic shorts against them.
sachforex_
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Hi bro , what about gold ???
Kaio-AutoForex
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What damaged drug are you using? 🤣🤣🤣🤣
JoyBoyVegae
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Idk maybe … the bear will go aggressive
qureshi009
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Where have you been, its a long time. And here he come with a fantastic chart.
GeorgeZii
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The return of the prodigal son! We salute you, Pascal. Keep up the good job!
Where have you been?
STARBORNE
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Best trade of the year! Thank you ridethepig.
demoigen
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Mr.ridethepig, please, just in case you have some time, I guess many here are looking for an update for GOLD, it's been waiting for a long time. Thanks in advance.
RamirezFX
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This has got to be one of the best trades of my career, still holding 50% of original position from the 103.50 handle. Many fail to look at the bigger macro picture. Cheers
But honestly, I expected some comments on the BoJ trying to save the bonds, and BlueBay having gigantic shorts against them.