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USD/JPY Discussion

  • #31,341
  • Sep 2, 2012 5:14pm Sep 2, 2012 5:14pm
The U.S. dollar edged lower against the yen on Friday, as investors continue to monitor the highly anticipated speech by Federal Reserve Chairman Ben Bernanke amid growing speculation that the U.S. central bank signals possible member easing measures to boost growth further.
  • #31,342
  • Sep 4, 2012 9:12am Sep 4, 2012 9:12am
- U/J M15
Attached Image (click to enlarge)
Click to Enlarge Name: uj m15.gif Size: 20 KB
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  • #31,343
  • Sep 4, 2012 5:29pm Sep 4, 2012 5:29pm
The U.S. Dollar was higher against the Japanese Yen. USD / JPY was trading at 78.44, up 0.23%.
The pair was likely to find support at 78.20, Monday's low, and resistance at 78.73, the high of Thursday.

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forexindicatorbest
  • #31,344
  • Sep 6, 2012 1:13pm Sep 6, 2012 1:13pm
we need a break of 79.35 to get out of the woods

UJ D:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0003.jpg Size: 107 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #31,345
  • Sep 7, 2012 7:46am Sep 7, 2012 7:46am
- U/J H1:
Attached Image (click to enlarge)
Click to Enlarge Name: uj h1.gif Size: 26 KB
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  • #31,346
  • Sep 7, 2012 8:03am Sep 7, 2012 8:03am
Quoting Ziko9o8
- U/J H1:
Poor Azumi san hu hu hu
Doing what you like is Freedom. Liking what you do is Happiness.
  • #31,347
  • Sep 7, 2012 9:43am Sep 7, 2012 9:43am
Quoting realjumper
Poor Azumi san hu hu hu
Yep, he must be in a very dark place right now
  • #31,348
  • Sep 7, 2012 7:20pm Sep 7, 2012 7:20pm
Quoting USD-Bear
we need a break of 79.35 to get out of the woods

UJ D:
Attachment
i am lost in the woods
  • #31,349
  • Sep 8, 2012 4:42am Sep 8, 2012 4:42am
Quoting torkay77
i am lost in the woods
- Read these two posts #31341 & #31343 and you'll see things clearly.

- GL.
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  • #31,350
  • Sep 8, 2012 7:23am Sep 8, 2012 7:23am
Quoting torkay77
i am lost in the woods
of course nothing is sure and unlike others who are 1000% sure about things I'm not, but keep faith if you are bottom fishing or wait for major Yen weakness:

-the fundamentals are there
-the TA is here
-safe haven property is slowly diminishing

Position of retailer's longs is worrying for bulls though and prob. only will disappear when Yen collapses and retailers take profit (too soon).
Don't be a hero. Don't have an ego. Always question yourself
  • #31,351
  • Sep 8, 2012 11:41am Sep 8, 2012 11:41am
Quoting USD-Bear
of course nothing is sure and unlike others who are 1000% sure about things I'm not, but keep faith if you are bottom fishing or wait for major Yen weakness:

-the fundamentals are there
-the TA is here
-safe haven property is slowly diminishing

Position of retailer's longs is worrying for bulls though and prob. only will disappear when Yen collapses and retailers take profit (too soon).
Couldn't agree more with USD-Bear, this is free market, nothing is sure here, we can only get hints from technical/fundamentals analyst and try to play them well, and we will either follow the market or oppose it. Nothing is even 60 % certain, not to mention 1000 %.


From my view for this cross to get lower we need to still break 78.00 and 77.6x. Market already have discounted lots of fears connected with QE3, lowered dollar index really hard, and still couldn’t break those levels, so even if FOMC is going to drop QE bomb (which I highly doubt) it won’t have tremendous impact . On the other hand if they will say “Everything is cool guys, no need for QE” it should bust the dollar and by that weaken Yen.


Also Azumi is in a bad situation, the strong yen is a big problem for Japan export, and they need to figure out a plan how to deal with it. Even now the government is calling for BOJ to take together some action to weaken the Yen. So it could be a matter of time (and data from the next week) when they will take some action.


I don’t like trading the news, but this pair I highly driven by them, so I couldn’t go pass them. I believe they 78-77.60 support will hold and even if it would be broken, still we got 77-76 levels. So I am still in bullish mood and waiting for some good days to come
  • #31,352
  • Sep 9, 2012 4:14pm Sep 9, 2012 4:14pm
- Dollar/Yen charts:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj h4 intersetion of fibo fan and arc.gif Size: 36 KB
Click to Enlarge Name: uj h1 regression channel and fibo extension.gif Size: 26 KB
Click to Enlarge Name: uj h1 few pitchforks.gif Size: 31 KB
Click to Enlarge Name: dollar yen h1.gif Size: 30 KB
Click to Enlarge Name: uj m15.gif Size: 17 KB
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  • #31,353
  • Sep 9, 2012 4:30pm Sep 9, 2012 4:30pm
Quoting Ziko9o8
- Dollar/Yen charts:
where you really able to long the low of last week
Alternatives are more important than the plan itself
  • #31,354
  • Sep 9, 2012 4:32pm Sep 9, 2012 4:32pm
Quoting -Melo-
where you really able to long the low of last week

his entry is perfect
  • #31,355
  • Sep 9, 2012 5:13pm Sep 9, 2012 5:13pm
Quoting -Melo-
where you really able to long the low of last week
- Well Melo after referring your last post #31309, I can say to you it's my luck doing it over and over again.

- Cheers.
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  • #31,356
  • Sep 9, 2012 5:19pm Sep 9, 2012 5:19pm
Quoting Ziko9o8
- Well Melo after referring your last post #31309, I can say to you it's my luck doing it over and over again.

- Cheers.
Luck or no luck (about which we cannot rather talk in this situation), doesn't matter, impressive entries and exits from the trades, really good work with swinging those trades!
  • #31,357
  • Edited 5:55pm Sep 9, 2012 5:44pm | Edited 5:55pm
Quoting Haqu
Luck or no luck (about which we cannot rather talk in this situation), doesn't matter, impressive entries and exits from the trades, really good work with swinging those trades!
- Forget about luck, I've answered Melo from the same way he thinks that I took trades based on my luck.

- Now if I want to answer you, please look at the chart.

-GL .
Attached Image (click to enlarge)
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  • #31,358
  • Sep 9, 2012 6:01pm Sep 9, 2012 6:01pm
Quoting Ziko9o8
- Forget about luck, I've answered Melo from the same way he thinks that I took trades based on my luck.

- Now if I want to answer you, please look at the chart.

-GL .
Yeah, i perfectly know that it is not the case of luck(which hardly exists here), that is why i added "(about which we cannot rather talk in this situation)" and reasons behind your trades are good, round numbers always are "natural" supports/resistance, and can be used without risking to much and with good results. Was just admiring your nice execution of technical rules.
  • #31,359
  • Sep 9, 2012 6:05pm Sep 9, 2012 6:05pm
Quoting Haqu
Yeah, i perfectly know that it is not the case of luck(which hardly exists here), that is why i added "(about which we cannot rather talk in this situation)" and reasons behind your trades are good, round numbers always are "natural" supports/resistance, and can be used without risking to much and with good results. Was just admiring your nice execution of technical rules.
- Thanks Haqu.

- GL .
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  • #31,360
  • Sep 9, 2012 6:56pm Sep 9, 2012 6:56pm
bad data out of japan, lets see if it any good for long scalpers
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