Opening of the Asian session

[gamiinho]

The dollar starts weak against the pairs. The price is the only indicator.

[gamiinho]

Round stop tests are approaching: 1.2700 in EUR... 116.00 in JPY The price is the only indicator.

[gamiinho]

I also test stops at 1.86 for GBP. The price is the only indicator.

[gamiinho]

The USD raises a few pips to test stops in EUR... The price is the only indicator.

[gamiinho]

The dollar tone weakens again... it should reach to test the JPY pair level and GBP The price is the only indicator.

[gamiinho]

The price is the only indicator.

[gamiinho]

The JPY tries to reach 116.40 The price is the only indicator.

[gamiinho]

Stops in 116 JPY are not in play for now. Price is the only indicator.

[gamiinho]

No capitulation spikes yet. Price is the only indicator.

[gamiinho]

With the JPY running around 116.4 EUR and GBP should be further weakened The price is the only indicator.

[gamiinho]

GBP/JPY bull Price is the only indicator.

[gamiinho]

Very closed ranges... no spikes... complicated to do scalping or sniping The price is the only indicator.

[gamiinho]

GBP/JPY bassist now Price is the only indicator.

[gamiinho]

USD/JPY bass player now Price is the only indicator.

[gamiinho]

EUR around 116.95 The price is the only indicator.

[Pkchulyn]

Correct me if I’m wrong, but I don’t see much news that can move the market now, especially in relation to the dollar. Maybe there’s something about the end of the week that will have real impact. Sometimes the sales data of new homes generate movements, but it’s not something you can expect as a rule. That leaves the market free, without obvious catalysts. And when it moves like that, it seems to do so in random directions. Another thing that strikes me is the level of weakness of the dollar. It seems disproportionate to the real situation of the economy. Even without a rise in rates in August, the weakness seems exaggerated. That’s why I find it hard to see what would have to happen to reverse this trend. I know that many times the market is illogical, but personally I need to find an explanation.

[gamiinho]

EUR 1.2695 JPY 116.00 The price is the only indicator.

[gamiinho]

The US economy has a tremendous structural weakness that is not published. Price is the only indicator.

[AsunB]

Thank you for the explanation, but if you could give more info it would be great. From my point of view, the US is clearly behind Japan or Switzerland, but I don’t see the UK as strong either. The EU in general is doing well, but with mixed data. I don’t understand why USD/JPY stays so high. I saw it much closer to 113. And GBP/USD... goes along with EUR/USD but still seems too strong. I’m sure you have more complete data, so any contribution is appreciated.

[gamiinho]

The real estate sector was the engine of job creation in the last phase of expansion. If you see the national data and local reports, there is a huge accumulation of inventory of unsold houses. That, together with the oversupply, is highly deflationary. Look at the copper and aluminium charts. Also the gold, and soon the oil one. All indicate deflation. With the FOMC meeting as the next focus, you will see reflection of the weakness of the dollar in all pairs, except emerging markets. Price is the only indicator.

[678]

Thank you for that explanation. Very helpful. According to what you’re talking about, then maybe we’ll see a fall in sales of new homes this week. And with respect to oil, I guess it will depend on what happens in the Middle East and the hurricane season in the U.S. that’s about to begin.

[gamiinho]

First spike of capitulation in USD/JPY and GBP/JPY... I am taking advantage of it. Sale at 216.10 Price is the only indicator.

[gamiinho]

Selling at 116.25 Price is the only indicator.

[gamiinho]

Cover short 116.20 216.00 The price is the only indicator.

[gamiinho]

Waiting for a higher level to resell USD/JPY Price is the only indicator.

[gamiinho]

Selling in 116.20 Price is the only indicator.

[gamiinho]

Waiting to get to 116 just to cover The price is the only indicator.

[Zagomakiss]

Do you think 116 will put up with it or break it mercilessly?

[gamiinho]

The early risers are already operating... the bankers still trapped in the Tokyo subway... the price is the only indicator.

[gamiinho]

Gold opened weak... gold spot gives clues about the USD. Price is the only indicator.

[vimginay1jomge]

It looks like the bankers managed to get off the subway and get to their desks.

[gamiinho]

Yes, I'm going to slow down the pace of publications... an admin asked me not to post so much... everyone in their style... I say goodbye for now... target 116.4 reached.

[Gimkawi]

I thought the market was closed and you couldn't operate... weak gold means a strong dollar? Or am I missing something?

[Bemmugwz]

Seeing how the market moves, it seems that not even the big ones know what to do. Operating logically in the Asian session is sometimes like playing roulette.

[Goizanegu]

I don't even bother to analyze during Asia anymore, it's louder than anything else, it starts with London.

[menny22300]

Good analysis of gold. But eye, sometimes also reflects general fear, not just movements of the dollar.

[Alexes]

The problem is that everyone looks at the same round levels, and right there are the sharks waiting to eat the fish stoppers.

[Epocavicpkmayna]

Price is the only indicator... but what about common sense, doesn't it count?

[Chechu10.04]

If you sold in 116.25 and didn't have SL... rest in peace.

[Luisele]

Nobody else noticed that every time gold falls in Asia, the dollar sinks in London? Coincidence, I don’t think so.

[gusamapipkpipk]

So much obsession with even levels. Have you ever looked beyond the pretty number?

[MAMOKEL1965]

Thank you for keeping us up to date, although a little context or reasons behind the movements would not be bad.

[awixxyx]

Now what, we wait for the banks to get out of their nap or someone has a real plan?

[pazila]

For those who ask why gold matters: it is shelter. If it falls, it means that the appetite for risk rises, ergo, the USD should be strengthened...in theory.

[xexoxn]

I still don't see confirmation in volume, a lot of moves but no real force.

[LinaCuome]

They're all selling USD as if it were toxic garbage, but do they really think the yen is a refuge now?

[Noel097]

Friends, if you don't understand why the market goes up when it should go down, welcome to the real trading.

[unaiimigomas]

Today I woke up, opened the chart and saw everything going up. I closed the chart and went back to sleep. Winning strategy.

[imispizamma]

Maybe the price is the only indicator... but without a little logic, that indicator is useless.

[SeinhomPmagema]

JPY isn't gonna break 116.00 unless we see high-impact news, and there's nothing on the calendar today.

[aigaolivem]

I'm long at EUR/USD since 1.2690, SL at 1.2665. We'll see if I'm respected by spreads this time.

[lenom]

Nobody else thinks we're stuck in ranges because the funds haven't woken up yet?

[jgp1258]

It seems to me that they are inflating the USD and then giving it the low blow when they are all long.

[bubuli]

If you're looking for logic in Asian movements, I'm sorry, brother, you got the wrong session.

[wilaymoxny]

I love how everyone preaches the price is the only thing that matters but then they cry when they skip the stops.

[Luiscamlem]

Many of you focus on technical levels... has anyone reviewed the actual flows this week?

[juanipkki]

Thanks for the real-time updates. Even if I don’t follow them, they give me a frame of reference.

[layaoxqescupe]

Stop hunted in GBP/JPY. Thank you, Asian liquidity crap.

[Pajizo95]

116.40 was obvious resistance. Did anyone really think he would break it without news?

[pknimoml]

If you keep selling at 116.20 every time you arrive, you better have patience and money to keep the position.

[cmespo16]

Today I learned that less is more. I closed everything before Asia and went to see Netflix. Such peace.

[Esleeliila10]

The price is the only indicator... yes, of course, but when was the last time the price explained to you why it exploded for no reason?

[Almejok]

Waiting for Tokyo’s typical fake breakout to go in the opposite direction. I’ve worked more than any indicator.

[666lucifem666]

I'm surprised at the number of people who still think they can predict what the yen will do.

[Paula478]

We could talk about the carry trade, the macro feeling, or even China, but we'd better keep looking at five-minute candles like that's the absolute truth.

[ligayls]

I love these threads from the Asian session, it's like watching an insomne club waiting for the market to listen to them.

[levacha]

116.00 is psychological, not technical. Don’t fool yourselves into thinking that because you are beautiful you will always react.

[hsmip]

Did anyone see the GBP/JPY spread on their broker today? Inoperable. Nor scalping can be done.

[oxmlinag]

Does anyone else feel that something big is brewing in the background? Everything too quiet...

[hamzaMEY]

This is cooking slow... typical pre-London pattern. Either we're all taken out or there's a big chance on the way.

[pasCu23]

Come on, I want a spy of those who erase poorly managed accounts!

[Gemeginho]

For the new ones: if you don't know why you came in, you won't know when to leave either.

[Gelcw]

Thank you for the levels, creator. I use them as a reference, not as signals. Everyone with their style.

[Maicus]

At this rate, not even with news moves this. I'm going to sleep.

[gieguipkxu]

Patience is the real edge. No matter how many lines you paint on the chart.

[Gwhas]

The dollar isn't weak, it's boring, don't underestimate it.

[kiki1964]

Betting against the yen in Asian session is like playing chess blindfolded.

[faem94]

A serious question: has anyone ever made any constant money operating alone during Asia?

[nicobenigomm]

But because I operate Australian news, don't stop older.

[joky9686]

When there is no volume, even the best technical analysis serves.

[escamabicu]

It seems that someone is accumulating EUR... but without conviction.

[anelapela]

If the gold falls and the USD goes up, it should lower the EUR... but it's all frozen.

[oleabc]

Last time we saw this kind of consolidation, London opened with a brutal breakout.

[lopwzgok92]

Everyone so quiet... I'm sure they're stuck in pointless positions.

[isamjg]

Every time someone says the price is the only indicator, a trader dies from over-expanding.

[Amk95]

I don't know about you, but I feel like a sniper waiting for the exact moment.

[gokzoaz]

Today's Spikes smell like manipulation.

[mimayml10]

If there's no clear address, there's no operation.

[Wixxisowa]

You could sell 116.40 with SL 20 pips up and TP at 115.80. I see it viable with this structure.

[OlaayAm]

My rule in Asia: If there is no sail of more than 15 pips in an hour, I'm going to have quiet breakfast.