Rocketman

Volume Analysis on USDJPY: Alert UPDATE Ahead of the BOJ & FOMC

FX:USDJPY   U.S. Dollar/Japanese Yen
226 2 10
2 months ago
Volume Analysis on USDJPY:
For fundamental analysis on this pair, see my link below. Don't worry, I don't sell signals on Tradingview like the those young, college, IVY league, Wall Street wanna-bes that never actually put $50,000 of their own capital on the line. For me, Tradingview is for community and fun and making new friends.

I am a trader, full time. It is what I enjoy doing for a living. I like camping and fishing too. It is very similar. Maybe their will be an IVY school for that too with a bunch of snubby noise "kids" bugging you with signals: "Buy my signals, I GUESSED it right ." LOL!!!!!

I've been watching volume levels on the USDJPY             . look how the big boys are dying out in selling the dollar against the JPY. They've been long the Yen since January against the dollar, and then capitulated in July and June. Now, it is consolidating.

Volume:
Observe how when the price falls down, the big boys get quieter and quieter. They are waiting for September 20th!

That Additional, Insurance, Limit Order BUFFER for good measure: I have placed a limit order at 101.10 just for good measure and to enter at an even better price should the price spike down. That would be great. Retailers will panic and exit and the Big Boys will jump in at that price. I don't know if this will happen, but just in case, it is an insurance order.

My Feelings and Emotions: Stop fiddling with the push button and hold on. I am not a god that knows everything, but things have been lining up with my expectations, and this week DOES make me nervous; but, giving the knowledge and proper risk management, I think I am doing well.
2 months ago
Comment:
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2 months ago
Comment: ROCKET!!!!!
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piptamil
2 months ago
Thanks for detailed analysis...Great.
Reply
MindTrader
2 months ago
USDJPY
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