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USD/JPY Discussion

  • #401
  • Jul 5, 2007 7:46am Jul 5, 2007 7:46am
UJ
Attached Image
  • #402
  • Jul 5, 2007 8:10am Jul 5, 2007 8:10am
Quoting cesarnc
Now THAT was a whipsaw ....

Went long agan at 122.43, not liking it a bit.
Turns out, it was THE BEST bottom I've ever fished

http://www.johnaugust.com/Assets/verybigfish.jpg
  • #403
  • Jul 5, 2007 8:55am Jul 5, 2007 8:55am
it has to be! Blisss!
  • #404
  • Jul 5, 2007 8:57am Jul 5, 2007 8:57am
Long at 122.55
Patience + Humility + Study = Success
  • #405
  • Jul 5, 2007 9:08am Jul 5, 2007 9:08am
Quoting cesarnc
Turns out, it was THE BEST bottom I've ever fished

http://www.johnaugust.com/Assets/verybigfish.jpg
wow what a fish. Huge catch, pretty awesome feeling for them

I'm long too, also long USDCHF. USDCAD not so good because of CAD news, so staying out there.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #406
  • Jul 5, 2007 9:12am Jul 5, 2007 9:12am
Plutonite, I'm long usd/chf to 1.2328

Quoting Plutonite
wow what a fish. Huge catch, pretty awesome feeling for them

I'm long too, also long USDCHF. USDCAD not so good because of CAD news, so staying out there.
Patience + Humility + Study = Success
  • #407
  • Jul 5, 2007 9:24am Jul 5, 2007 9:24am
OK.. I'm finally back with access to a PC!!!
Missed out on the action for the past 4 hrs. (Had some training to work on)

I TP on my GJ position, had to place an order (4hrs ago), and viola, by stroke of luck, I got out at 247.55 (which I believe was very close, if not right at the top for the past few 15min bars ago.. pheww..

For UJ, I am totally out at 122.70 and 122.77 coz I couldn't be in front of the PC. (used a 61.8 Fibo as a safety guard in case, things worked against me)

But anyway.... with this recent trades, my account is up another 2.5% already. *BIG SMILE*
Chances favour the prepared.
  • #408
  • Jul 5, 2007 9:28am Jul 5, 2007 9:28am
Quoting DutchTrader
Plutonite, I'm long usd/chf to 1.2328
So am I, 1.2325 looks like a decent target if this thing finally rises. 1.2295 also an important area to watch (fibs..etc).
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #409
  • Jul 5, 2007 9:33am Jul 5, 2007 9:33am
Damn good session. I'm all-in this bastard...
  • #410
  • Jul 5, 2007 9:33am Jul 5, 2007 9:33am
Although I'm out... But I will have to root for the guys that are still long.
But just my 2 cents, look out for 123.09 and 123.25
Could be nice areas to TP... dont get influenced by me OK...

Cheers folks... I'll have to stand by for en-entry.
Chances favour the prepared.
  • #411
  • Jul 5, 2007 9:43am Jul 5, 2007 9:43am

If it can't break 123 it must go down again.

R.Ozkan 1984 İzmir-Turkiye
  • #412
  • Jul 5, 2007 9:44am Jul 5, 2007 9:44am
Quoting jasonowl
Although I'm out... But I will have to root for the guys that are still long.
But just my 2 cents, look out for 123.09 and 123.25
Could be nice areas to TP... dont get influenced by me OK...

Cheers folks... I'll have to stand by for en-entry.
123.25 must be heavy. Also NFP tomorrow, so it is set as my final station if gets there today.
  • #413
  • Jul 5, 2007 2:50pm Jul 5, 2007 2:50pm
Looks Yen 122 check out to me...
  • #414
  • Jul 5, 2007 3:31pm Jul 5, 2007 3:31pm
My Trade Plan for USDJPY

Breakout of retracement trendline to the upside, entry long.

Breakout of 122.00 to the downside, stay sidelined.
Attached Image
  • #415
  • Jul 5, 2007 6:03pm Jul 5, 2007 6:03pm
Quoting cesarnc
Looks Yen 122 check out to me...
Let's call it "late check out"
  • #416
  • Jul 5, 2007 7:08pm Jul 5, 2007 7:08pm

I am still thinking UJ may go down around 122.30's even more down. It's having hard time around 122.90-123.

R.Ozkan 1984 İzmir-Turkiye
  • #417
  • Jul 5, 2007 7:53pm Jul 5, 2007 7:53pm
Quoting rozkan

I am still thinking UJ may go down around 122.30's even more down. It's having hard time around 122.90-123.

That is correct. People are waiting for the NFP and speculators who choose to trade are observing the 61.8 fib from the last high. I closed my long at 122.98, not many pips (42) but good enough for these miserly days.

Looking to long again if price action is favorable.

Good luck.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #418
  • Jul 5, 2007 8:15pm Jul 5, 2007 8:15pm
I'm hanging in there for the (slender) possibility we may have found a medium term bum.
quote of the day: . It's like deja-vu all over again
  • #419
  • Jul 6, 2007 4:00am Jul 6, 2007 4:00am
  • #420
  • Jul 6, 2007 5:02am Jul 6, 2007 5:02am
Partials in the bank. 40 / 26 / 32 pips....

Back after NFP
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