USD/JPY Discussion | Page 43 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #841
  • Edited 12:04pm Jul 23, 2007 11:50am | Edited 12:04pm
Quoting persian.forex
USD/JPY

Daily Pivots: (S1) 120.62; (P) 121.52; (R1) 122.19; More
After some initially volatility, USD/JPY edges lower to 120.77 today and is now pressing mentioned 120.76 cluster support (38.2% retracement of 115.13 to 124.13 at 120.70). As discussed before, fall from 124.13 is still in progress and further decline is in favor as long as 122.40 resistance holds even in case of recovery.
On the upside, a strong rebound to above 122.40 is needed to indicate correction from 124.13 has completed. In such case, retest of 123.66 should be seen and break will suggest that recent rally from 108.99 has resumed.
In the bigger picture, rise from 115.13 has made a top at 124.13 and turned into consolidation since then. But still, rally from 108.99, which is treated as resumption of whole up trend from 101.66, is in progress. Even in case of a deeper correction, downside is expected to be contained by 118.35/57 cluster support zone (38.2% retracement of 108.99 to 124.13 at 118.35 and 61.8% retracement of 115.13 to 124.13 at 118.57) and bring rally resumption. Next medium term upside target will be resistance zone of 100% projection of 101.65 to 121.38 from 108.99 at 128.72 and 100% projection of 108.99 to 122.17 from 115.13 at 128.31. However, break of 118.35/57 cluster support argue that rise from 108.99 has possibly completed and put 115.13 low into focus.
Interesting:
That is, your pivots. I came up with the daily pivot at 121.63, (R1) 122.41 and (S1) at 120.81.... If you notice, at 1730 yesterday evening it took off at the the daily pivot (121.63) and ran to the support (S1) 120.81 and that was the end of the drive down. From there, it turned around and with retraces it is continuing up. One thing I have always noticed about the USD/JPY is, it will travel between the pivots.
The Dove - Forex Trainer
  • #842
  • Jul 23, 2007 12:43pm Jul 23, 2007 12:43pm
Quoting rozkan

I am short since 121.60. What's your TP?

Rozkan, I have a TP at 119.64. That is the kijun sen on the weekly. I use the ichimoku cloud, and it has proven quite relaible. The daily 200EMA is 119.72, so there seems to be pretty solid support in that area.
  • #843
  • Jul 23, 2007 3:22pm Jul 23, 2007 3:22pm
Please 2 lines answer, those who know:

WWWHHATT THE @#$%@%$#% IS GOING ON WITH THIS STINKING #$@%$@#%$ MOTHER#$@#%$#% PAIR?

thanks...
  • #844
  • Jul 23, 2007 4:04pm Jul 23, 2007 4:04pm
Quoting 4xpipcounter
Rozkan, I have a TP at 119.64. That is the kijun sen on the weekly. I use the ichimoku cloud, and it has proven quite relaible. The daily 200EMA is 119.72, so there seems to be pretty solid support in that area.
Hehe... I am long at 121.05 now.
R.Ozkan 1984 İzmir-Turkiye
  • #845
  • Jul 23, 2007 4:18pm Jul 23, 2007 4:18pm
BUY 120.80 - TP: 121.80 , my research for 25 - 30 july
  • #846
  • Jul 23, 2007 4:49pm Jul 23, 2007 4:49pm
Quoting cesarnc
Please 2 lines answer, those who know:

WWWHHATT THE @#$%@%$#% IS GOING ON WITH THIS STINKING #$@%$@#%$ MOTHER#$@#%$#% PAIR?

thanks...
According to George Soros - In forex for a currency to move up or down... due to 4 factors..
1.Inside Factor
2.Outside Factor
3.Completely Unknown Factor
4.Bravado Factor
BAM BAM BOOM! -bravado
  • #847
  • Jul 23, 2007 4:52pm Jul 23, 2007 4:52pm
Quoting bravado
According to George Soros - In forex for a currency to move up or down... due to 4 factors..
1.Inside Factor
2.Outside Factor
3.Completely Unknown Factor
4.Bravado Factor

All right reserved by bravado
  • #848
  • Jul 23, 2007 5:05pm Jul 23, 2007 5:05pm
Quoting persian.forex
All right reserved by bravado
you're correct persian.forex.
BAM BAM BOOM! -bravado
  • #849
  • Jul 23, 2007 5:21pm Jul 23, 2007 5:21pm
Quoting zamans98
I normally will have 30M, 1H, 4H & Daily chart for single pair..

it do help..

LONG TRUCK parked again at 121.00..

heh, usdjpy is probably the easiest to trade.

i see you are channeling the support and resistance.

me too -

but

sl is tight...may go down down...since on daily, the trend it down down.

happy surfing and
happy pippin
Pipology 101 student
  • #850
  • Jul 23, 2007 6:00pm Jul 23, 2007 6:00pm
Quoting bravado
According to George Soros - In forex for a currency to move up or down... due to 4 factors..
1.Inside Factor
2.Outside Factor
3.Completely Unknown Factor
4.Bravado Factor
And when the FREAKING pair is moving up AND down, like this SOB here?

"Completely unknown factor pushing down and bravado going long?"
  • #851
  • Jul 23, 2007 6:27pm Jul 23, 2007 6:27pm
Quoting cesarnc
And when the FREAKING pair is moving up AND down, like this SOB here?

"Completely unknown factor pushing down and bravado going long?"
you want to see the pipis under my belt for this week?
BAM BAM BOOM! -bravado
  • #852
  • Jul 23, 2007 6:53pm Jul 23, 2007 6:53pm
Quoting bravado
you want to see the pipis under my belt for this week?


http://www2.uol.com.br/revistadecine...img/cauboy.jpg
  • #853
  • Jul 23, 2007 7:16pm Jul 23, 2007 7:16pm
Noooo..... it falll again... oh well,,, put another long
  • #854
  • Jul 23, 2007 7:32pm Jul 23, 2007 7:32pm
Quoting Gwan
Noooo..... it falll again... oh well,,, put another long
Let me make a suggestion to you traders.....
If you learn how to use pivot points you would be in profit at all times.
The pivot today is 121.18 which the daily candle came in below it which generally means the trend is down. The support is at 120.68 in which it had just hit the mark. At 1905 the retrace hit the central pivot, (121.08) which is the 5:00 pm ET candle, I got in and at the 121.08 and rode it to the support.... Got the picture.
The Dove - Forex Trainer
  • #855
  • Jul 23, 2007 7:48pm Jul 23, 2007 7:48pm
Quoting dove_alliance
Let me make a suggestion to you traders.....
If you learn how to use pivot points you would be in profit at all times.
The pivot today is 121.18 which the daily candle came in below it which generally means the trend is down. The support is at 120.68 in which it had just hit the mark. At 1905 the retrace hit the central pivot, (121.08) which is the 5:00 pm ET candle, I got in and at the 121.08 and rode it to the support.... Got the picture.
So you would not go long under any circumstances unless the situation (bold text) reverses? Do I understand you correctly?
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #856
  • Jul 23, 2007 7:55pm Jul 23, 2007 7:55pm
Quoting StockKJay
So you would not go long under any circumstances unless the situation (bold text) reverses? Do I understand you correctly?
On the USD/JPY you pretty much can depend on the pivots being your entry and exit..... Right now it is getting ready to retrace back to the pivot, either the central (121.08) or the daily (121.18). This will take time for the turn around it could go all morning before reaching the destination but as of right now..... the trend is down and will be until it gets past the the 120.68 and becomes a support once again.
The Dove - Forex Trainer
  • #857
  • Jul 23, 2007 7:57pm Jul 23, 2007 7:57pm
Quoting cesarnc
Please 2 lines answer, those who know:

WWWHHATT THE @#$%@%$#% IS GOING ON WITH THIS STINKING #$@%$@#%$ MOTHER#$@#%$#% PAIR?

thanks...
Election is coming. (That is 1 line)
  • #858
  • Jul 23, 2007 7:57pm Jul 23, 2007 7:57pm
Quoting dove_alliance
Let me make a suggestion to you traders.....
If you learn how to use pivot points you would be in profit at all times.
The pivot today is 121.18 which the daily candle came in below it which generally means the trend is down. The support is at 120.68 in which it had just hit the mark. At 1905 the retrace hit the central pivot, (121.08) which is the 5:00 pm ET candle, I got in and at the 121.08 and rode it to the support.... Got the picture.

I used pivots on my old trading platform but I haven't figured out how to add them to metatrader. Any suggestions???
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #859
  • Jul 23, 2007 7:58pm Jul 23, 2007 7:58pm
I got hit at 120.80, it goes all the way to 120.49!
What the *(&@#$&*@#&*(!&*(@#*()$()
  • #860
  • Jul 23, 2007 8:01pm Jul 23, 2007 8:01pm
wow, it took only 10 seconds and it moved from 120.59 to 120.47! Amazing ....
156 traders viewing now