tntsunrise
Long

USDJPY COMPLETED AB=CD insdie the wedge

FX:USDJPY   U.S. Dollar/Japanese Yen
7467 86 92
8 months ago
USDJPY             COMPLETED AB=CD insdie the wedge

Completion level @ 110.88
Look left, There are many structure
LONG USDJPY            
SL: 110.45
TP: 113 / 116
8 months ago
Comment:
snapshot


Watch is line , if not broken, can still hold long position.
8 months ago
Comment: Reversal begins
8 months ago
Comment:
snapshot
8 months ago
Comment:
snapshot
8 months ago
Comment: SL 109.95
8 months ago
Comment: Just now price tested 110 round level.
Did not trigger the stop loss.
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TradZ
8 months ago
If it's to go up, it needs to pullback a bit further
Reply
shahrose.ayankhan
8 months ago
it seems to go down more
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hankchef
8 months ago
JPY just got appreciated due to the wages data: http://www.investing.com/news/forex-news/forex---yen-gains-after-solid-gains-in-wages-data-393481. Hope it won't sweep the stops
Reply
tntsunrise TOP hankchef
8 months ago
watch the price action first.
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Mairita
8 months ago
Looks like this was not good time to buy this pair,but hopefully will turn around in 110.50 area
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tntsunrise TOP Mairita
8 months ago
yeah. still bearsih in 1h chart. lets see the price action
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forexmech
8 months ago
This may hit SL
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Oh, Bank of Japan, where are you?..
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forexmech captain_smollett
8 months ago
Hahahaha
Reply
FxTyrant PRO
8 months ago
Stop Loss Hit.
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hardjosoegih
8 months ago
Hit stop lost!
Reply
forexmech
8 months ago
Will you move your SL to give more room ?
Reply
a.b PRO forexmech
8 months ago
Rule 1: Plan your trade, trade your plan. Never move SL
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forexmech a.b
8 months ago
Agree buddy..
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forexmech
8 months ago
SL hit. Broke the line.
Reply
Panic mode activated
Reply
siro
8 months ago
i am not still in,whats your suggestion dear jack? should i go long now?
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a.b PRO siro
8 months ago
Look for multiple confirmations before going long.
It has broken structure to the downside so it's more likely to retest structure and continue down
Reply
siro a.b
8 months ago
thank you i will consider that
+1 Reply
TucKinetti
8 months ago
hit your SL?
Reply
NietoFX
8 months ago
That's the confirmation to go long??
Reply
I'm sorry but this idea failed : SL was hit so whatever happens afterwards is a different story
Reply
FxTyrant PRO captain_smollett
8 months ago
well he did update us on reversal begin, thats him still holding long either you like it or not.
Reply
captain_smollett PRO FxTyrant
8 months ago
Up to you =) SL has Just been hit again and technicals are targeting 105. If anything happens suddenly, your broker will be hippy with you today!
Reply
captain_smollett PRO captain_smollett
8 months ago
Happy *
Reply
FxTyrant PRO captain_smollett
8 months ago
He just messaged me to move Stop Loss to 110.20
Reply
captain_smollett PRO FxTyrant
8 months ago
Once again: this decision is up to Every single trader. I'm out of it for now which doesn't mean I won't get back if the pair closes the day above 110.5.
Reply
tntsunrise TOP captain_smollett
8 months ago
you are right
+1 Reply
Miz tntsunrise
8 months ago
are you still in the trade?
Reply
tntsunrise TOP Miz
8 months ago
I entered at 110.25 the 113%
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Miz captain_smollett
8 months ago
Correct, it will go to 105, however all jpy pairs due a retracement now and will push up before going down. hence why the first target being fib 78.6 of previous wave. His trade should pan out
Reply
captain_smollett PRO Miz
8 months ago
This morning is a completely risk-off environment. If I see a solid reversal, I'm in. At the moment, I'm out
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MM247
8 months ago
ok fine thanks
Reply
snapshot


its a good spot to go long
Reply
siro
8 months ago
this market just can be handled by bradely coopers corector in limitless movie...hahaha
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hardjosoegih
8 months ago
I shouldn't follow this idea...I loss my profit!
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tntsunrise TOP hardjosoegih
8 months ago
move to the next wining trade!
+2 Reply
siro tntsunrise
8 months ago
i am in from11052
Reply
siro tntsunrise
8 months ago
my currency strenggh meter shows USD strengh too
Reply
siro tntsunrise
8 months ago
and i suggest to move the stop loss with trend
Reply
tntsunrise TOP siro
8 months ago
good
Reply
siro tntsunrise
8 months ago
thank you dear jack
Reply
siro
8 months ago
and take profit?
Reply
bguguen
8 months ago
Hi TNT what is TP1 and TP2 on the re-entry LONG at 110.26
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tntsunrise TOP bguguen
8 months ago
the other side of the wedge
Reply
bguguen tntsunrise
8 months ago
Thank you.
Reply
Cannot follón this trader any longer : too risky and too volatile
Reply
captain_smollett PRO captain_smollett
8 months ago
Follow *
Reply
GoodLuckbabe captain_smollett
8 months ago
Jack risk reward ratio is very good i think he don't mind this kind of small loses
Reply
tntsunrise TOP GoodLuckbabe
8 months ago
from 110.88 to 110.45, lose 43 pips. but audusd we short from 0.7707 , take profit at 0.7520, that is 180 pips. win big and lose small, that is the sucess fomular for every one.
Reply
GoodLuckbabe tntsunrise
8 months ago
yup i am fully agree with you jack this is the key of success in trading
Reply
Saravan captain_smollett
8 months ago
Trading is not about getting 100 % win. He has provided so many trades with very less risk and great reward. I don't see how it's risky, when the stop loss is very low unless you risk too much money for one trade.
Reply
tntsunrise TOP captain_smollett
8 months ago
you are welcome. no body forces you.
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hi jack looking at the price action to me it looks like just short covering/profit taking....the downtrend is still intact i guess
Reply
Lime897
8 months ago
By seeing 1 hour chart, it's good to enter Long Now. I put my SL 110.10. TP : 112.
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OB60
8 months ago
I agree with tntsunrise. This is my idea
USDJPY long
Reply
Miz
8 months ago
SL taken out again, not nice, oh well :)
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GoodLuckbabe
8 months ago
if you move your stop lose little further down then this could be very nice trade JAPAN PM interference in yen started PM dont want YEN devaluation good luck
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GoodLuckbabe GoodLuckbabe
8 months ago
snapshot
Reply
Av_
8 months ago
phew, i was lucky due to slippage SL didnt triggered
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ramryagalla
8 months ago
just missed gud
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Miz
8 months ago
really appreciate all the analysis, thank you! It was a spike which took me out and have now re-entered. same as what happened with AUD/USD
Reply
Streetsurfer
8 months ago
Urgh. Clipped my stop by .4 of a pip on my platform...
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tntsunrise TOP Streetsurfer
8 months ago
nvm. find a pull back and re-enter. 110 is strong support
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vaithi2praba
8 months ago
sell usdjpy withsl 110.75 and entry at 110.35
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tntsunrise TOP vaithi2praba
8 months ago
if i want to short, i will wait for 111
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mdogan
8 months ago
Is it too late for input ?
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Red
8 months ago
I think this is headed down

http://www.elliottwave.com/tutorial/Lesson4/4-3.htm
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what about enter to buy when it breakouts 110.500, or I have to wait more confirmation to go more up?
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jangseohee
8 months ago
snapshot
Reply
tntsunrise TOP jangseohee
8 months ago
nice chart
+1 Reply
halimbashery235
8 months ago
aiyaaaah i commit suicide
Reply
Albertelin
8 months ago
it seems to go down more
Reply
Albertelin
8 months ago
nice chart
Reply
Albertelin
8 months ago
if it's to go up it needs to pullback a bit further
Reply
Albertelin
8 months ago
ok fine thanks
Reply
Nanansuh234
8 months ago
i think the price still aiming low at 109.80 if from my supply demand calculation, will up as long if price still above 110.51, ranging price today from low 109.80 and hi 111.05.
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tntsunrise TOP Nanansuh234
8 months ago
whcih demand zone u are using? weekly or daily.
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Nanansuh234 tntsunrise
8 months ago
:D from weekly SnD, the price now below supply area at 110.44, demand weekly above 110.84, so i will wait price back to above demand weekly. as your recomendation at 110.88.
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DinhVanThach
8 months ago
Agreed 100% with you. Usdjpy have met very, very hard support at 109.9
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ananAh
8 months ago
I like your idea
Reply
Miz
8 months ago
retest of 110 level?
Reply
kiachiang Miz
8 months ago
SL hit
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Miz kiachiang
8 months ago
looks like a spike, I won't enter anymore but I believe it will now start going up as expect to around 113 levels then a huge bearish wave.
Reply
tntsunrise TOP Miz
8 months ago
wait for foc meeting minutes.
Reply
shung05
8 months ago
Don't catch falling knife.
Reply
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