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My GBP shorts are starting to pick up little

AdamFx42 Posted 10 Apr.  in #Trader's blog #Usdjpy #GBP Shorts
My short positions GbpNzd, and GbpAud are both in the green
I have closed my small GbpUsd, and GbpCad positions with a slight loss
I am now looking to go long UsdJpy again, because it is back up around 107
after only a slight dip - this indicates some strength to me
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Switching to long USD positions

AdamFx42 Posted 6 Apr.  in #Trader's blog #Usdjpy #USD Long
I am switching to long positions Usd after closing my Gbp short positions
I have decided to go long UsdJpy today,
and I have started with a long UsdJpy just above 107, which is already in the green
UsdJpy has put in a low of 104.5 on the daily chart, and has bounced
I think this is the start of a reversal
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Market quieting down - no real opportunities

AdamFx42 Posted 28 Apr.  in #Trader's blog #Usdjpy #Eurusd #Quiet Market
The market has settled this night and is not moving much
I do not see any opportunities in the pairs that I have been watching
EurUsd has died out completely and will hardly move a pip,
but is stuck just above 1.0850 now
If it will hold above there tomorrow - then I can speak of support
UsdJpy is hovering above 111, and direction is unclear for now
The pair is not showing weakness, but fails to move further up
I shall wait to see what the day brings
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Contemplating a short position

AdamFx42 Posted 26 Apr.  in #Trader's blog #Usdjpy #Short
I am thinking about going short today
UsdJpy has risen more than 300 pips
since last Friday
The move up is attributed to fundamentals,
Traders and investors that are happy with Trump's recent dealings and promises
It probably will not last, Usd was Trump negative, and there is no real reason why this should change in the long run
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Going long UsdJpy again at market open

AdamFx42 Posted 5 Feb.  in #Trader's blog #Usdjpy #Market Indecision #Long Retracement
Looking for indecision in the markets again today
UsdJpy finished low on friday
and I expect it to bounce back again on Monday
There is sideways action in the majors lately due to major global changes, I guess
Although I believe EurUsd will get back up above 1.10 again soon,
I don't think it will be this month - a change in global sentiment is needed
gl all this week
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EURUsd settling just below 1.08 in the weekend

AdamFx42 Posted 4 Feb.  in #Trader's blog #Usdjpy #Eurusd
EurUsd has settled just below 1.08 this weekend
EurUsd looks strong and willing to break above 1.08 next week now
The failure to retreat below 1.0750 after UsdJpy seemed to strengthen at market close is a sign
UsdJpy went up to 113 before market close but failed and retreated back to 112.5
I will be looking for a EurUd break above 1.08 next week
If UsdJpy goes down and breaks previous support around 112.3
(where I bought it my first trade) - I will be looking to buy at next support level
have a …
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First trade of the month in the bag ;-)

AdamFx42 Posted 3 Feb.  in #Trader's blog #Usdjpy #Long Position #Monthly Strategy
I bagged my first trade of the month last night
Yesterday I went long UsdJpy after it had retraced to a significant fibonacci level
I was looking for a bounce, so my TP was set at reasonable distance: 84 pips - just above 113
My TP was hit last night and I made about 30K, which is nice
I will be looking for more swing trades this month,
as I expect market to be coiling with sideways action - I will not commit to a single direction
Buy low - sell high is the motto
This has to do with market uncer…
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Deciding to go long UsdJpy

AdamFx42 Posted 15 Aug.  in #Trader's blog #Usdjpy #Fundamental #Technical #Long
I have decided to go long UsdJpy today
Pair seems to be holding above 101 now - and has retraced back from 103 area
I expect this level to be one of natural retracement,
and it should act as support for a move back up
I do not expect 100 to be broken to the downside - this is also something
the bank of Japan does not want to see happening, and although they should not intervene,
traders will be interested to buy the pair just above 100
I therefore feel there is a case for support above 100, and …
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2 Comments
Daytrader21 avatar
Daytrader21 15 Aug.

good luck!!:)

AdamFx42 avatar
AdamFx42 16 Aug.

Thanks ;-)

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Trying to go long USD next

AdamFx42 Posted 3 Aug.  in #Trader's blog #USD #Usdjpy #Eurjpy #Long
After closing my overnight Gbp shorts and Aud, and Nzd shorts with a slight profit
I am now looking to go long UsdJpy just above 101 - where it has broken above again
I already closed three positions now with slight profit, buying against the Yen
I bought UsdJpy around 101.15, and usually when Usdjpy goes up - crosses follow the same way
So I bought EurJpy, too - because Eur is strong at the moment
And I bought AudJpy - because it has retraced a lot, and should bounce
I closed these three positi…
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USDJpy testing 2014-2015 support levels

AdamFx42 Posted 31 July as Analysis on USD/JPY, Target: 103.22, Date: 1st of September, 12:00 GMT  in #Technical analysis #Usdjpy #Support #USD/JPY #Fibonacci
UsdJpy is back down at mid 2014 levels
Looking at the weekly chart we find UsdJpy back at 2014-2015 lows:
The pair is testing previous weekly lows, although we now already can identify an upward trendline
Technically, this is an important level for the bulls - will the pair move back up again?
I believe the test of this important level will take a while, but 100 should hold
If we look at the daily chart we might see how it will play out:
The trendline on the daily chart will most likely be broke…
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6 Comments
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AdamFx42 5 Aug.

UsdJpy has broken below daily trendline as predicted and bounced off 100.60 level after some strong US data today - price action is as I set out in my prediction

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AdamFx42 15 Aug.

After a initial move up to my target area at 103, pair has now retraced back to 101 level. This is normal retracement and UsdJpy is following the moves that I predicted on my chart - I expect 101 to act as support now and pair should test 103 again soon

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AdamFx42 21 Aug.

Support around 100 being tested - pair looking weak though

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AdamFx42 29 Aug.

It has been a long battle but 100 holds, pair back up above 102 now, moving towards target 103

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AdamFx42 31 Aug.

Very happy with my prediction - price has crept up to my target on the last day - I just hope it can hold here

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