PA penetrated both of the channel's lower extensions (1.382 and 1.618) from the up movement from March. I've updated my channels to show a down trend channel has formed.
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USD/JPY Discussion 7 replies
NZD/JPY Discussion 12 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
EUR/USD Bollinger Band Discussion 3 replies
Suidster's GBP/JPY Discussion 19 replies
DislikedI'm sure you meant "where" is everybody, but no worries. "You" guys must not have a platform that allows you to BUY when it's going up. Mine allows me to both SELL when it goes down and BUY when it goes up. It's really kinda cool when you can do both.
Are "you" guys trying to tell me you haven't taken a long trade since the low back in March becuz it's STILL GOING DOWN.??
Hurt?? Not hardly, rode it most all of the way down last night, and plan to ride it back up whenever that is. And anyway, ever hear of intraday trading, stop losses, that kind of thing?? Geez, I might go both long and short on the same day, and MAYBE even at the same time!!!
Active? If I'm not here (which it actually appears that I am...), speaking for myself only, it might be cuz I 'm on a more intelligent thread that has traders on it, not people who look at anyone with a current bias different from theirs as "those" people. Some of "those" people might also have just gotten tired of reading ENDLESS news release and conspiracy theory posts by the yard by "you" people.
I also find I have to use my IGNORE button too much on this thread. Gets tedious.
But hey, good luck with them shorts. Get em while you can. I plan to. They're great buying ops for swap... OOOPS, I forgot, you're one of "those" people that can only trade when it's going down. Or did I miss something?
And I'm still trying to figure out how price going down for a day or 5 somehow supports your statement that "their" (you know... "those" people again) expectations turned out to be wrong..."
Enjoy your thread. Won't be the first time this one has died. Someone should fib the activity and viewer level of this thread since it started, minus all the news posts of course. Hint: correlation to a certain very helpful trader...Ignored
Disliked
The folks that are so sure USD/JPY will go up are mainly Technical Traders and that is fine. They appear to me anyways to be more set in their ways as to direction. I can see and accept a trend change but only based on NEW Fundamental facts.
The Fundamentals say USD/JPY mainly because the Carry Trade is unwinding and the BOJ might actually raise before the FED !
The Charts cannot tell you that. The Charts do not know if the Fannie Mae is as DEAD as the Useless FED !
The US Dollar is going DOWN and Gold is going UP and the YEN is getting stronger. Why not look at a 30 year chart then and be accurate.
BruceIgnored
DislikedIm targeting 103.88 as well.... im short from 104.58 currently have my SL @ BEIgnored
DislikedWhere did Dove and the rest of the frequent posters go? Also, I recall Dove saying he was working on an ebook or website (I hope I'm correct in saying that). Did he ever complete it?Ignored
DislikedWe should all be helping each other and whether USD/JPY goes to 110.00 or 100.00, that is not the point. The point for all traders including myself is be aware of your Ego since not one of US knows anything for sure. That is why Stops and other methods are needed to protect you against your Ego.
Good Trading To All Of Us !
BruceIgnored
DislikedPossibly. Or it may bounce before it gets to, as R3 is 102.90.
Remember...Bernanke will speak in NY time, and crude oil inventories report will be released.
Good luck.Ignored
DislikedI will be longing this pair very soon. it helps knowing that alot of folks are short. that makes me feel alot better about my longs.Ignored