cogctrading

cogctrading

As you see that USDJPY starts gapping at fibonacci 61.8% level or the rate of 142.100. then re-bounds toward to next resistance level of 143.148ish. In my point of view after Governor Waller speech on friday that next CPI data release is gonna be the pumping trigger of USDJPY. It does not matter whether core CPI increases/decreases, Long position is a bit higher...

cogctrading

T/P Target : 140.796 Entry :140.280 S/L : 139.820 Its a lil tricky entry but I bet to go long with a small amount of position for now. Lets see how it goes!

cogctrading Updated 

I see DXY is once supported at 105 ish and across the previous high of 105.549 which I project this is the begining of up-ward momentum.

cogctrading

DXY seems its right above the support level which I expect to a dip lil more. JXY is reaching 61.8% resistace. FInally USDJPY is getting close to 131.653 which is the next support level

cogctrading

Basically I'm looking for to where better to go "LONG" Let me pay attention to July FED WATCH TOOL first. As you can see that 25% of market participants expects 100bp hike. is because of the latest horrible CPI data. They probably think that it forces FED to combatting high inflation by rising interest rates even faster pace. But Let's just make it clear....

cogctrading

I just have triggered "LONG" USDJPY I'm expecting it to reach current high at 139.390ish again. And hopefully It breaks resistance then it will reach 140.000 -Position details- Entry : 138.294 S/L : 137.881 T/P : 139.390 - 140.000

cogctrading

USDJPY is chilly atm compare to right after the CPI data has just released. And I'm preparing to hop in to the pump by BOJ meeting held on tomorrow. Apparently, BOJ puts Mr.TAKADA as a Deputy member yesterday means BOJ moves to "HAWKISH" near future. So the market expects some tightning policy decisions now. But I dont think BOJ tightens monetary policy so...

cogctrading

As a result, USDJPY increased about 0.18% in the past week. And almost 5 times bigger decrease (-1.11%) has happend as well.(measured from the top) It seems like It won't suggest which direction that I should trade. But Let's make it simple! If you are on trade whatever BUY/SELL right now, Just make sure to remind and pay attention to those 2 key prices. 1,...

cogctrading

What's up guys! My short position is growing and I'm wondering that this downward trend will continue? This is my answer, YES, If pull back will end within this fibonacci levels.(up to 61.8%) If not then I have 2 senarios at this moment. 1, Pull back ends in between 61.8% and previous high which is 135.590 It would be still weak USDJPY situation that It tries...

cogctrading

Boys and girls, I have just triggered "SHORT" from the rate at 136.190. Set the stop loss at 136.767 take profit (just for now) will be at 133.656 Thankfully It moved what I exactly expected.

cogctrading

The pump nigh last night was out of my senario to be honest. I hope you guys did it well. It's a common sense that waves don't go only one direction, as you know that is going upward then downward again and again. Perhaps, We should be ready to USDJPY move dowward in this current situation. !!CAUTION!! Short strategy is singinificantly risky while USDJPY is...

cogctrading

Well, It's the time to close my long position of USDJPY. It seems like it will break new highs, but since JXY cahrt is't active right now which is one of my main indicator to decide whether to take a position or not. I should have to close my position in profit. If it goes up by tonight then It's okay, I'll leave it. The most important thing is If I'm not so...

cogctrading

First of all It's gonna be the "chaos market" of USDJPY start from monday. Since It reached above the 0.25% of Japanese 10Y treasury yields. 0.25% is the upper control limit which BOJ's one of the current monetary policy. And I guess your question will be "Then what is gonna be?" right? Well, BOJ does BUY the Japanese 10y bonds NO-LIMITLY from monday until the...

cogctrading

USDJPY pulls back deep enough to go "LONG" As you see it the level of 61.8% and also DXY is supported at 61.8%. JXY is pulled back around resistance level of rate at 76.20.

cogctrading

Buy the Dip!! Since on friday the market expects the FED is likely to 75bp rate hike the coming meeting. DXY has broken the current high on monday session, and It absolutely bullsih on USDJPY market but I'm skeptical about it. J Pow At the "MARKET PLACE" radio interview last month he said "If things come in better than we expect, then we’re prepared to do less....

cogctrading Updated 

I have just triggered long entry at the rate of 134.476 and set the stop loss at 134.118. 5mins renew the previous high, 61.8% support is working well. That is pretty much enogh clues to go long for now. Entry point : 134.476 Stop loss : 134.118

cogctrading

5mins chart is prefferable. 15mins is too long to analys deeply unfortunatley. Deep enough being pulled right above the 61.8% level by Asian time. Well, I'd triggering soon by the next 5mins dip.

cogctrading

As you see USDJPY has been broken the current resistance level of 134.477. So from now on, I just gotta be prepaired to long whenever it reaches/pull backes fibonacci 23.6/38.2% level. 23.6% is right on the exact closed high price of Jan and Feb 02' 38.2% is just right above on the last week's closed rate at 134.363. Set the stop loss at below 133.369 should be fine.