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NZD/JPY Discussion

  • Post #1
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  • First Post: Apr 26, 2014 11:20am Apr 26, 2014 11:20am
  •  dbutton1990
  • Joined Jan 2012 | Status: Member | 1,711 Posts
I've been trading this pair for almost the last year now. I feel that there is a significant opportunity about to happen with this pair and I would like to start this thread to get other's opinions and ideas on it! Thanks for stopping by!!
Good luck and may the odds be ever in your favor!
  • Post #2
  • Quote
  • Apr 27, 2014 6:24am Apr 27, 2014 6:24am
  •  Zircon
  • Joined Apr 2011 | Status: Free Palestine.. | 1,562 Posts
Good, What is your take on this pair?

if i would trade this pair i will wait for best entry long, see weak sellers gave up..?
Attached Image
If skills could be acquired by watching, every dog would be a butcher. Turk
 
 
  • Post #3
  • Quote
  • Apr 27, 2014 5:21pm Apr 27, 2014 5:21pm
  •  jago25_98
  • | Joined Sep 2013 | Status: Member | 45 Posts
After going short NZD/JPY GlobalPrime widened spread on friday to 211 pips. I had also gone short at FXCM. Today the roll at FXCM is $1.22 on 0.03lots...

Definitely something up.
 
 
  • Post #4
  • Quote
  • Apr 29, 2014 7:25pm Apr 29, 2014 7:25pm
  •  Jason Rogers
  • Joined Jun 2009 | Status: FXCM Representative | 5,808 Posts
Quoting jago25_98
Disliked
I had also gone short at FXCM. Today the roll at FXCM is $1.22 on 0.03lots... Definitely something up.
Ignored
Hi Jago, there are several holidays affecting the schedule of rollover interest for JPY pairs this week and next. More details can be found in this discussion: http://www.forexfactory.com/showthre...21#post7435521
 
 
  • Post #5
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  • Apr 30, 2014 10:17am Apr 30, 2014 10:17am
  •  jago25_98
  • | Joined Sep 2013 | Status: Member | 45 Posts
Ah, thanks! Chat support didn't tell me that - good to know. The rollover is better than a spread widen.

I'm still short.

Quoting Jason Rogers
Disliked
{quote} Hi Jago, there are several holidays affecting the schedule of rollover interest for JPY pairs this week and next. More details can be found in this discussion: http://www.forexfactory.com/showthre...21#post7435521
Ignored
 
 
  • Post #6
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  • Jul 15, 2014 4:46pm Jul 15, 2014 4:46pm
  •  dbutton1990
  • Joined Jan 2012 | Status: Member | 1,711 Posts
After a couple months, this pair seems to be in a range from 86-90. I see short term move back up to the 90 level for now.
Good luck and may the odds be ever in your favor!
 
 
  • Post #7
  • Quote
  • Oct 30, 2014 12:26pm Oct 30, 2014 12:26pm
  •  dbutton1990
  • Joined Jan 2012 | Status: Member | 1,711 Posts
Move up to the 87 level may be in the cards!
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Good luck and may the odds be ever in your favor!
 
 
  • Post #8
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  • Feb 8, 2015 8:16am Feb 8, 2015 8:16am
  •  stefcio2002
  • | Joined Oct 2010 | Status: Member | 75 Posts
NJ looks interesting to trade this week. As other yen crosses, it rose after NFP on Friday. But the pair was already at the top of a 3 year bullish move that on longer timeframes looked like it was reversing bearish.
This is why I see this last bullish move rather as a consolidation under way, and I keeep a bearish bias on this pair.
Keep an eye for short signals around 88/89 levels, where several resistances come into play
As a swing trader, I do not plan to look for longs at current levels.

The monthly chart shows a bearish harami cross, with a very powerful bearish 3rd candle, coming at the top of a three years bullish suggesting we may expect further downward action. But the pair is now consolidating, and even went back above the 786 fib support that it broke in January.

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The weekly chart shows the bullish trend in peril, as we got a lower low before being able to rally and make an even higher high, range trading for two months at that level. Right after 3 black crows, got it back to its former (lower) low. This week we have a bullish engulfing, supported by SMA100. There is a clear stochastic bearish divergence.


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This is why I prefer to try and sell rallies on that pair. But the weekly bullish engulfing candle suggests the consolidation is not over.
On the daily, we can see the the 100 and 200 SMAs are around the 88 / 89 level, with the 50fib level of previous bearish move coming around 89. I will selle any good 4hr bearish signal at those levels

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  • Post #9
  • Quote
  • Feb 10, 2015 2:23pm Feb 10, 2015 2:23pm
  •  dbutton1990
  • Joined Jan 2012 | Status: Member | 1,711 Posts
Quoting stefcio2002
Disliked
NJ looks interesting to trade this week. As other yen crosses, it rose after NFP on Friday. But the pair was already at the top of a 3 year bullish move that on longer timeframes looked like it was reversing bearish. This is why I see this last bullish move rather as a consolidation under way, and I keeep a bearish bias on this pair. Keep an eye for short signals around 88/89 levels, where several resistances come into play As a swing trader, I do not plan to look for longs at current levels. The monthly chart shows a bearish harami cross, with...
Ignored
I think this pair is due for quite the fall...I thought it was going to happen last year, but not it seems ready more then ever
Good luck and may the odds be ever in your favor!
 
 
  • Post #10
  • Quote
  • Feb 11, 2015 10:14pm Feb 11, 2015 10:14pm
  •  stefcio2002
  • | Joined Oct 2010 | Status: Member | 75 Posts
I love when my charts work ! Although I have to say this was an ugly reversal figure.

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This one was hard to take on H4 for the signal was really unpretty. For those that trade from lower entries, there was enough clues on H1 to get a clean entry (double top + bearish engulfing.)

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  • Post #11
  • Quote
  • Jan 14, 2016 6:12am Jan 14, 2016 6:12am
  •  Don96
  • Joined Dec 2015 | Status: Member | 7,722 Posts
Woww - 1:2 RRR trade with 15 pip stop, trailed, opened at 75.99 - moved sl to break even - stopped out to the pip before a 30 pip drop - FML​
 
 
  • Post #12
  • Quote
  • Apr 13, 2017 1:33am Apr 13, 2017 1:33am
  •  M.Nasiri
  • | Joined May 2015 | Status: Member | 93 Posts
NZDJPY
Pattern : Head and Shoulders

Buy @ 76.222
Stop Loss = 75.860
Take Profit = 76.742

https://t.me/FxClassic
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  • Post #13
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  • Last Post: Apr 13, 2017 5:42pm Apr 13, 2017 5:42pm
  •  M.Nasiri
  • | Joined May 2015 | Status: Member | 93 Posts
Quoting M.Nasiri
Disliked
NZDJPY Pattern : Head and Shoulders Buy @ 76.222 Stop Loss = 75.860 Take Profit = 76.742 https://t.me/FxClassic {image}
Ignored
Position closed . because another Head and Shoulders are Emerging

https://t.me/FxClassic
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