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USD/JPY Discussion

  • #921
  • Jul 25, 2007 2:23pm Jul 25, 2007 2:23pm
double top formed on hourly chart? resistance at 120.60?
  • #922
  • Jul 25, 2007 2:42pm Jul 25, 2007 2:42pm
Quoting Sephroth08
double top formed on hourly chart? resistance at 120.60?
The downtrend is still intact on the 4hr chart
Patience + Humility + Study = Success
  • #923
  • Jul 25, 2007 4:28pm Jul 25, 2007 4:28pm
Quoting DutchTrader
The downtrend is still intact on the 4hr chart
True, but we did have a nice test of the 200-day SMA that I was looking for (came within 3 pips). Also, the resurgent strength in the dollar today is moderately bullish for the pair so long as the other carry crosses aren't heavily sold. I'm turning cautiously bullish.
  • #924
  • Jul 25, 2007 5:02pm Jul 25, 2007 5:02pm
I think we have a great sell position right now around120.45...

check my site for graphs...
  • #925
  • Jul 25, 2007 5:29pm Jul 25, 2007 5:29pm
If only we could use virtual mouth gags on the forum Bravado would be first to have one.
  • #926
  • Jul 25, 2007 9:40pm Jul 25, 2007 9:40pm
swap vs trend.... which one will win? i bet on swap ,but,
august hasn't coming yet.....
  • #927
  • Jul 25, 2007 9:45pm Jul 25, 2007 9:45pm
Quoting bobblong
If only we could use virtual mouth gags on the forum Bravado would be first to have one.


Agreed. What a twit he is.
  • #928
  • Jul 25, 2007 9:48pm Jul 25, 2007 9:48pm
Quoting dimmi
Agreed. What a twit he is.
pips after pips. profit after profits.

bravado

a pro.
BAM BAM BOOM! -bravado
  • #929
  • Jul 25, 2007 9:53pm Jul 25, 2007 9:53pm
Quoting bravado
pips after pips. profit after profits.

bravado

a pro.
Bravado....you are a hustler like me....

I like you style....
  • #930
  • Jul 25, 2007 10:48pm Jul 25, 2007 10:48pm
Quoting Trader KGB
True, but we did have a nice test of the 200-day SMA that I was looking for (came within 3 pips). Also, the resurgent strength in the dollar today is moderately bullish for the pair so long as the other carry crosses aren't heavily sold. I'm turning cautiously bullish.
Agreed, we did have that test, but the market is clearly capped and has been so at the same level roughly 121.50/70 but we shall see
Patience + Humility + Study = Success
  • #931
  • Jul 25, 2007 10:49pm Jul 25, 2007 10:49pm
The 200-day SMA magnet came to fruition and we got the test I was looking for. I closed short & went cautiously long. The USDX also bounced nicely off of 80 and is showing the first buy signal in 2 months. Any other takers on the long side reversal?
Attached Image (click to enlarge)
Click to Enlarge Name: USD.JPY.png Size: 18 KB
  • #932
  • Jul 25, 2007 10:51pm Jul 25, 2007 10:51pm
Quoting DutchTrader
but the market is clearly capped and has been so at the same level roughly 121.50/70 but we shall see
On the intraday scale yes, I'm looking 1-3 days out, perhaps more.
  • #933
  • Jul 25, 2007 10:52pm Jul 25, 2007 10:52pm
Quoting Trader KGB
On the intraday scale yes, I'm looking 1-3 days out, perhaps more.
Ahhhh.in that case then you're definitely headed for 123/124 I believe. The US Index did bounce smartly off the lows so indeed a more firm USD should be seen overnight.
Patience + Humility + Study = Success
  • #934
  • Jul 26, 2007 2:00am Jul 26, 2007 2:00am
Quoting bravado
noted.



i can teach you. then we can test it.

..

seriously folks. stop posting on this thread for awhile as that will create a 'next page' on this thread and i fear no one will get to see my expert trades which i have waited so long to bring back forth for a self gratifying "told you so".

so please post else where and let this page be the last one for a while you analyze amongst yourselves on some other thread.

i just don't want this page to be forgotten due to losing its [last page] status caused by chitter chatters.

thanks.
Hi bravado,
You r great. I already explore most of ur post...they r perfect man..I mean ur tips and ur system that u use. what type of system do u use? could u teach me?
anyway It is a pleasure to read ur post and ur tips as a newbe like me.
  • #935
  • Jul 26, 2007 6:29am Jul 26, 2007 6:29am
Quoting DutchTrader
Ahhhh.in that case then you're definitely headed for 123/124 I believe. The US Index did bounce smartly off the lows so indeed a more firm USD should be seen overnight.
Sure about that? I think I may have jumped the gun on that reversal trade. Dollar is rallying across the board, but G/J and E/J selling is hammering U/J.
  • #936
  • Jul 26, 2007 6:39am Jul 26, 2007 6:39am
119.50 is holding
Patience + Humility + Study = Success
  • #937
  • Jul 26, 2007 8:21am Jul 26, 2007 8:21am
Quoting DutchTrader
119.50 is holding
There that goes. Left a stop just under the 200-day. Didn't think it would fall yet another 50 below that. This just got pretty ugly. I may have to revert my targets back to 117 and continue to short. Hard to say whether this is panic blowoff selling or the beginning of something much worse.
  • #938
  • Jul 26, 2007 8:40am Jul 26, 2007 8:40am
Trader,

It's an ugly day in the indexes.
Patience + Humility + Study = Success
  • #939
  • Jul 26, 2007 8:50am Jul 26, 2007 8:50am
True, fundamental landscape turned really nasty this morning. I'm forcing myself on the sidelines on this pair today. Should have reversed when the 200-day was broken; hindsight is 20/20.
  • #940
  • Jul 26, 2007 8:56am Jul 26, 2007 8:56am
Likewise, I'm in Aud/Jpy with a very tight stop, in case of a reversal.
Patience + Humility + Study = Success
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