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USD/JPY Discussion

  • #501
  • Jul 10, 2007 4:54pm Jul 10, 2007 4:54pm
Quoting cesarnc
121.50 MUST show some sign of support. Otherwise, nonsense took over for good
Took over for good... F'n pair
  • #502
  • Jul 10, 2007 5:03pm Jul 10, 2007 5:03pm
Quoting cesarnc
Took over for good... F'n pair
245.80 is key on GJ, 121.15 on UJ. Just fibs, but they work wonders in these situations. I agree it is blowing through. Good luck.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #503
  • Jul 10, 2007 5:07pm Jul 10, 2007 5:07pm
Quoting Plutonite
245.80 is key on GJ, 121.15 on UJ. Just fibs, but they work wonders in these situations. I agree it is blowing through. Good luck.
I'm now looking at 120.75. 38% fib from low 115.18 / high 124.12.

Note how UJ stopped for lunch at the 23% fib (122.05).

This SOB is forcing us to trade a long term fib intraday. So be it.

After that : 50% lies at 119.7 (may God show some mercy)
  • #504
  • Jul 10, 2007 5:14pm Jul 10, 2007 5:14pm
Quoting cesarnc
I'm now looking at 120.75. 38% fib from low 115.18 / high 124.12.

Note how UJ stopped for lunch at the 23% fib (122.05).

This SOB is forcing us to trade a long term fib intraday. So be it.

After that : 50% lies at 119.7 (may God show some mercy)
We've crushed 21, and 55 SMA, now 100 sma at 120.14 and 200 SMA at 119.44 are up next
Patience + Humility + Study = Success
  • #505
  • Jul 10, 2007 5:16pm Jul 10, 2007 5:16pm
About to break 121?
  • #506
  • Jul 10, 2007 5:16pm Jul 10, 2007 5:16pm
Quoting cesarnc
I'm now looking at 120.75. 38% fib from low 115.18 / high 124.12.

Note how UJ stopped for lunch at the 23% fib (122.05).

This SOB is forcing us to trade a long term fib intraday. So be it.

After that : 50% lies at 119.7 (may God show some mercy)
Holy cow it's still falling (also due to correction in GBPUSD). Should I buy, should I not, should I buy, should I not? I think I'll wait for a decent correction before considering this a "dip". My god, 245.30 as we speak. I should've stayed in (330 pips)!!!
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #507
  • Jul 10, 2007 5:17pm Jul 10, 2007 5:17pm
121.12-- are they even serious? Damn! I knew it will fall but still went long at 123.73. On the top of that my deposit is taking forever to clear... I got, 40 pips more to hold, tops. amen
  • #508
  • Jul 10, 2007 5:18pm Jul 10, 2007 5:18pm
121.01
  • #509
  • Jul 10, 2007 5:18pm Jul 10, 2007 5:18pm
121.01 they dont even let me finish the post, damned
  • #510
  • Jul 10, 2007 5:19pm Jul 10, 2007 5:19pm
it broke it by a pip so far. Holy moly.
  • #511
  • Jul 10, 2007 5:19pm Jul 10, 2007 5:19pm
Quoting Vlad
121.12-- are they even serious? Damn! I knew it will fall but still went long at 123.73. On the top of that my deposit is taking forever to clear... I got, 40 pips more to hold, tops. amen
Why did you go long?
Patience + Humility + Study = Success
  • #512
  • Jul 10, 2007 5:19pm Jul 10, 2007 5:19pm
I went long then too. I thought "the trend was my friend" >_<
  • #513
  • Jul 10, 2007 5:24pm Jul 10, 2007 5:24pm
Hmmm, it's playing around 121....will it go up or down, hmmm...
  • #514
  • Jul 10, 2007 5:26pm Jul 10, 2007 5:26pm
Going up o_0 ...8 pip spread now. Bummer. Japanese housewives pulling through?
  • #515
  • Jul 10, 2007 5:27pm Jul 10, 2007 5:27pm
Quoting Sephroth08
Hmmm, it's playing around 121....will it go up or down, hmmm...
121 was a fairly big resistance level on a weekly timeframe and looks to be where price is finding support finally. I just exited my short for +200 pips. I'm guessing this major move down was a lot of automated stops being triggered to sell and cover their long positions which triggered further systems, etc etc down the line. At least I couldn't think of a better reason when the major markets are closed (Sydney just opened).
  • #516
  • Jul 10, 2007 5:28pm Jul 10, 2007 5:28pm
Quoting DutchTrader
Why did you go long?
I only do interest-bearing longs there.. In the long run it will work out as JPY is ****** deeper than anyone else, including USA. Just usually I have enough marging to withstand whatever the fall is, 500 pips, 1000 pips...
  • #517
  • Jul 10, 2007 5:35pm Jul 10, 2007 5:35pm
Quoting thegunslinger
(Sydney just opened).

SYDNEY!!!! HURRAAH!!! please please push push AUD/JPY up!!!! I am literally an inch from being cooked there!
  • #518
  • Jul 10, 2007 5:36pm Jul 10, 2007 5:36pm
The dead stop was probably all just manipulated by the BoJ and MoF, with help from (perhaps) RBNZ. It was quite peculiar (haha) how NZD/JPY and USD/JPY bounced at almost the same time off critical levels...
  • #519
  • Jul 10, 2007 5:44pm Jul 10, 2007 5:44pm
Can you please translate it into English? Becouse I am totally clueless of what are you talking about...
  • #520
  • Jul 10, 2007 6:08pm Jul 10, 2007 6:08pm
was anyone paying attention to usdjpy tick chart? i almost had a heart attack. i went O_o WTF WTF! lol, back to normal now.
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