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-   -   USD/JPY Discussion (https://www.forexfactory.com/showthread.php?t=5505)

heraclitus Jul 13, 2012 12:35am | Post# 31141

i think BOJ will wait FED to do first the Q3 (some kind of). so down... first 77....and a big stop, and then touch 74...... and thats the end of our shorting

Mpt Jul 13, 2012 12:45am | Post# 31142

i think BOJ will wait FED to do first the Q3 (same kind of). so down... first 77....and a big stop, and then touch 74...... and thats the end of our shorting

Maybe it goes up. Maybe it goes down.

Whilst the USD/JPY is often jokingly referred to as USD/USD, there is, amazingly, a component in the pairing that is not USD. Actions/events in Japan might sometimes have a slight effect on their own currency.

2+2=4ex Jul 13, 2012 12:52am | Post# 31143

Ah Mr Kruger! You want action? hire a prostitute, this is the USDJPY forum, we like watching paint dry! (Until the BOJ decides to level the house with a wrecking ball)
hu hu hu

2+2=4ex Jul 13, 2012 12:54am | Post# 31144

I'm still waiting for the world to wake-up to the fact Tokyo has radioactive contamination and should be evacuated......wonder when/if that'll happen. Things can only be swept under the rug so long.
Where did you see/hear/read that?

price trader Jul 15, 2012 3:14pm | Post# 31145

i think BOJ will wait FED to do first the Q3 (some kind of). so down... first 77....and a big stop, and then touch 74...... and thats the end of our shorting
I dont think so, BOJ had showed several times, that levels around 75.50 - 76.20 is their .. in last 6 months there was more than 4 interventions .. i guess, that levels 75.50 - 74.80 are very very good support levels with high probability of interventions ..

I think that big players showed, that they hold the market in short, its clear, so my trading strategy is wait for some long moves up and sell for 30 - 50 pips profit and repeat again and again, if we will be around levels 76 i will start with buying with target to 79.50.

oathbreaker Jul 15, 2012 7:29pm | Post# 31146

short @ 79.16 s/l @ 79.86

happy pipping...

lolygagv2 Jul 15, 2012 7:43pm | Post# 31147

short @ 79.16 s/l @ 79.86

happy pipping...

OK.......interesting, why are you shorting at support with such a stop loss?

dsmith2269 Jul 15, 2012 8:21pm | Post# 31148

OK.......interesting, why are you shorting at support with such a stop loss?
I love this pair..I have been trading this since late 2009..Its my safety trade.. I only buy..I love when I get on the spikes..But I also wonder why the small stops as the other guy posted..Would love to hear why..

geniusztc Jul 15, 2012 11:25pm | Post# 31149

long uj @ 79.10

bogus Jul 16, 2012 12:05am | Post# 31150

I've just gone short. It's making lower highs and lows.

lolygagv2 Jul 16, 2012 12:17am | Post# 31151

I've just gone short. It's making lower highs and lows.
We'll see.......keep in mind this is sunday/monday morning pre-market, these moves are baseless. I'd trust a new lower high on monday during london/ny

bogus Jul 16, 2012 12:24am | Post# 31152

We'll see.......keep in mind this is sunday/monday morning pre-market, these moves are baseless. I'd trust a new lower high on monday during london/ny
I know, and tokyo's closed and it's running into a number.It's a light load, a tester. We'll see how she goes.

johncen Jul 16, 2012 2:58am | Post# 31153

long uj @ 79.10
sl??

great place where 200sma lies i tried small long aswel..

realjumper Jul 16, 2012 8:49am | Post# 31154

UJ reaching a monthly low....Azumi won't be liking that.... hu hu hu

torkay77 Jul 16, 2012 9:52am | Post# 31155

there are stops below 78.6 to clean out

lolygagv2 Jul 16, 2012 9:58am | Post# 31156

UJ reaching a monthly low....Azumi won't be liking that.... hu hu hu

Personally he's probably happy.....he can afford more overseas products on his government salary

economically the country is already F'd.....they have no growth, wide nuclear contamination. They must go to the robots that they will need built to deliver them.

oathbreaker Jul 16, 2012 10:04am | Post# 31157

first leg which was opened in the morning has been moved to b/e.

Second leg opened @ 78.70 s/l @ 79.07

Happy trading guys...

heraclitus Jul 16, 2012 1:19pm | Post# 31158

i hope 79.25 resistance hold at night, i stop shorting below 79.25, im tempted to add some shorts on eur/jpy down way to 95...

Mpt Jul 17, 2012 5:06am | Post# 31159

UJ breaks above descending TL at 78.9. Falls slightly short of 78.6 (C=A) . Maybe wave 2 is complete and wave 3 to the upside is underway.

........... Or it'll range some more


Note : "A" being the wave 80.6~79.1 , "C" being the wave 80.1~78.68

In a nutshell, bullish argument is still valid

Rtm Jul 17, 2012 9:35pm | Post# 31160

Just opened up a short today trying to get a good price on a retracement of our overall down trend. Only looking for 30 pips here, will reverse long if it goes against me easy.


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