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USD/JPY Discussion

  • #42,061
  • Jan 24, 2014 11:29am Jan 24, 2014 11:29am
Quoting stylinex
We should go back up to about 103 and maybe 103.5 on the daily chart we could see more losses but on the hourly and 4 hour chart we should see some gains from here.
I like continuation formations
  • #42,062
  • Jan 24, 2014 11:37am Jan 24, 2014 11:37am
Quoting artocarpus
short 104.47, first target 103,5 second 102,5 third (about march) 99.8
third target remains
  • #42,063
  • Jan 24, 2014 12:47pm Jan 24, 2014 12:47pm
Could be a Bull Trap, but this looks interesting.
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  • #42,064
  • Jan 24, 2014 1:58pm Jan 24, 2014 1:58pm
Or...

We could just simply wait for a test of the previously supported zone as resistance...

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #42,065
  • Jan 24, 2014 2:05pm Jan 24, 2014 2:05pm
Quoting Magix
Or... We could just simply wait for a test of the previously supported zone as resistance... {image}

It is a boring Friday afternoon...

Ready for a drink...

LoL!
  • #42,066
  • Jan 24, 2014 2:18pm Jan 24, 2014 2:18pm
Quoting todstars2
{quote} It is a boring Friday afternoon... Ready for a drink... LoL!
With ya there, brother.

First round is on you!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #42,067
  • Jan 24, 2014 3:01pm Jan 24, 2014 3:01pm
Quoting Magix
{quote} With ya there, brother. First round is on you!
102.. breaking to the downside
  • #42,068
  • Jan 24, 2014 3:25pm Jan 24, 2014 3:25pm
Quoting JimmyC
{quote} 102.. breaking to the downside
I didn't mean we'd be hittin a buck three today...



Just an in time thang.

How's you been keepin, Jimmy?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #42,069
  • Jan 24, 2014 8:57pm Jan 24, 2014 8:57pm
PS...

In case you were wondering....

Still holding.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #42,070
  • Jan 24, 2014 9:26pm Jan 24, 2014 9:26pm
Quoting Raypower
down down the river. every pair reverses to mean.
now stay out and watch
  • #42,071
  • Edited 10:09pm Jan 24, 2014 9:58pm | Edited 10:09pm
Quoting Magix
Do either of you know what a trend line is? It isn't to show support nor resistance, it is an actual line that identifies trend. Do you seriously think that the market as a whole, draws a trendline and bounces price off of it? Look at the ACTUAL trendline. That bitch has been broken... But yet, where sellers are convinced that market shouldn't exceed 1.05, buyers are snapping up anything that comes close to 1.03. This isn't a fight. This could be an awakening... Your choice. Which actually seems logical? Price being defended, or somebody else randomly...
Haha... trying to catch up here slowely but surely, and some of these posts are indeed quite funny.

I agree with Magix on this one, and buddy, I already told this Tod guy that he needs to learn technical analysis... because he is not doing it right. But I still don't think you need to grill him for it, I'm sure he will learn eventually, and if not, then at least be a little grateful because it's people like him who allow people like you and me to make money. You know the market is a zero-sum game. See my post here http://www.forexfactory.com/showthre...56#post7226056.

Also, that's an awesome trade you put on. One of my goals is to try to hold trades longer. Nice job, sir!
Please check out my blog at https://from-zero-to-hero . net
  • #42,072
  • Jan 24, 2014 11:15pm Jan 24, 2014 11:15pm
Quoting Magix
{quote} I didn't mean we'd be hittin a buck three today... Just an in time thang. How's you been keepin, Jimmy?
Better than last week, this game can be a grind...

This thing looks a bit bent out of shape, didn't BOJ want it up?
  • #42,073
  • Jan 24, 2014 11:17pm Jan 24, 2014 11:17pm
Quoting artocarpus
{quote} third target remains

I believe eve it is quite possible that during this correction that the YEN could touch your third target.
  • #42,074
  • Jan 25, 2014 12:58am Jan 25, 2014 12:58am
Quoting stylinex
{quote} I believe eve it is quite possible that during this correction that the YEN could touch your third target.
When a break out from a triangle is complete, price always returns to the triangle apex, but more often than not it overshoots.
  • #42,075
  • Jan 25, 2014 3:55am Jan 25, 2014 3:55am
Quoting JimmyC
{quote} Better than last week, this game can be a grind... This thing looks a bit bent out of shape, didn't BOJ want it up?
A fundamentalist, I will never be.

One simple reason...

It's all bullshit and I have no idea what it will mean in relation to price.

Yup...this can be a grind indeed.

Like any job, any other investment...one day atta time.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #42,076
  • Jan 25, 2014 9:20am Jan 25, 2014 9:20am
Quoting Bluescalper
I am short USDJPY and seeking a drop to 103.50/30 lvl .... {image}

My target was met nice ride
  • #42,077
  • Jan 25, 2014 10:20am Jan 25, 2014 10:20am
BANK OF AMERICA:

Stay bearish $/¥. As we highlighted yesterday (Liquid Technical Alert: Stay bearish $/¥ 23 January 2014), bounces remain corrective and temporary. Our initial downside target is the 200d, at 99.97, but this should only be a temporary stopping point. Medium-term targets are seen to the Jun'13/Apr'13 lows, at 93.79/92.57, before greater signs of stabilization and a resumption of the LONG-TERM uptrend toward 124/147 (to be fine-tuned).



THOUGHTS?



THE SAUCE: http://www.zerohedge.com/sites/defau...%20Curry_0.png
  • #42,078
  • Jan 25, 2014 1:45pm Jan 25, 2014 1:45pm
Quoting smash1820
{quote} Haha... trying to catch up here slowely but surely, and some of these posts are indeed quite funny. I agree with Magix on this one, and buddy, I already told this Tod guy that he needs to learn technical analysis... because he is not doing it right. But I still don't think you need to grill him for it, I'm sure he will learn eventually, and if not, then at least be a little grateful because it's people like him who allow people like you and me to make money. You know the market is a zero-sum game. See my post here http://www.forexfactory.com/showthre...56#post7226056....
Trend broken... how low will it go now that is the Question
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  • #42,079
  • Jan 26, 2014 3:46am Jan 26, 2014 3:46am
Quoting PayTheLimit
102.85/95 some resistance perhaps..
might look for some shorts near here...
Look Sharp/Trade Tight
  • #42,080
  • Jan 26, 2014 10:54am Jan 26, 2014 10:54am
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