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Online trading may look like playing a video game but let me assure you that it is far from it. If it was just a video game then the new generation of traders would be the most skillful on the planet. Instead, and I apologize for being so blunt, those who treat trading like a video game are creating the next generation of suckers and losers.
(Trader Alert) Trading is NOT a Video Game
USDJPY 1 HOUR CHART –   Watching 150
USDJPY 150 has now traded 5 days in a row. The longer this pattern goes on the greater the risk of a directional move once it is broken.
In the meantime, focus on short-term charts as the odds of a breakout are small ahead of tomorrow’s US jobs report.
If there is any momentum, it is tilted slightly down while below 150.43 but only a break of 149.65Â would build on it.
Wide range 148.65-151.21.
BTCUSD DAIL;Y CHART – MISSION ACCOMPLISHED?
It took 13 days of consolidation before the inevitable break of $100,000
I prefer to look at pivotal round number with this crypto so it is 100K on the downside and 105K as the next target on the upside.
In any case, 100K will set the tone going forward.
US500 4 HOUR CHART – Another record high
What stands out on this chart?
All you see are red Amazing Trader support lines, indicating that any attempt at a retracement is being met with buying.
Until this pattern changes, look for the upside to continue to be exposed.
USDJPY 1 HOUR CHART –   Watch 150
I wrote this yesterday and repeated it this morning
150, the bias setter, has printed 3 days in a row (now 4 days) so the jury is out until the pattern breaks and it becomes support or resistance.
A break of this pattern, should it occur, would be bullish but would then  need to take out 151.21 to increase the risk of a retracement.
Otherwise,150 stays the focus, wide range 148.65-151.21.
To keep the retracement risk alive, 149.85 needs to hold.
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