USD/JPY Discussion | Page 179 | 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

  • #3,561
  • Aug 19, 2007 10:38pm Aug 19, 2007 10:38pm
Quoting dove_alliance
A question:
How do you see this trend down for one thing and the pair to take a nose dive to the 109 for another?
I think we will observe sideways corridor between 113 and 114.90 until the Bank of Japan decision on rate this week.
Then, no matter what the result usd/jpy should start to trend up.
Liquidation of short yen positios should be over by now, and I don't see who would invest in a currency with zero interest rate.
Unless we see sudden ugly news on another major fund collapse there shouldn't be any spikes down in JPY crosses.
"Luxury is one of the basic needs", (c), Don Corleone
  • #3,562
  • Aug 19, 2007 10:44pm Aug 19, 2007 10:44pm
I think we will land on mars by 2012.
  • #3,563
  • Aug 19, 2007 10:47pm Aug 19, 2007 10:47pm
What I have set up on my 1 hour chart are two trend lines. Both trend lines are up and why I have two is because they cross one another during the trend. What this represents is the volatility of the trend.... One trend is blue and the other is green.... When the blue crosses and is above the green then there is no power but only retraces..... When the blue crosses and gets below the green then the power is there and the volatility is strong..... When the market opened today the blue had crossed above the green which represents no power but only retraces; it is now touching one another getting ready to place the power back into the market.
The Dove - Forex Trainer
  • #3,564
  • Aug 19, 2007 10:59pm Aug 19, 2007 10:59pm
looks want short term go down and well up preparing
  • #3,565
  • Aug 19, 2007 11:06pm Aug 19, 2007 11:06pm
I'm showing on this 30min chart that this pair definitely wants to go up based on the constant bouncing off the fib levels I have drawn (the extra ones are drawn from the 261% to the 100%...a little something I came up with). Most of the times when this occurs, price usually continues in the direction of the trend. The blue line near the top represents the 23% fib retracement of the entire move down from 224.15.
Attached Image (click to enlarge)
Click to Enlarge Name: DOLLAR YEN 30MIN.jpg Size: 87 KB
  • #3,566
  • Aug 19, 2007 11:07pm Aug 19, 2007 11:07pm
The way i look at it, next one hour would be tight.
Most likely a .42 to .58 trading range. with the range widening more on the upside and slightly on the downside..

just finished a small parrallel channel...
  • #3,567
  • Aug 19, 2007 11:28pm Aug 19, 2007 11:28pm
30-min chart is showing nice triangle that is about to be breached up. Easy 15 pips up, imho
"Luxury is one of the basic needs", (c), Don Corleone
  • #3,568
  • Aug 19, 2007 11:51pm Aug 19, 2007 11:51pm
Quoting Firstboss
30-min chart is showing nice triangle that is about to be breached up. Easy 15 pips up, imho

Quite right. It has broken it for now. I'm looking for a bounce off the upper trendline or the 261 ext.
Attached Image (click to enlarge)
Click to Enlarge Name: DOLLAR YEN 30MIN.jpg Size: 91 KB
  • #3,569
  • Aug 20, 2007 12:01am Aug 20, 2007 12:01am
115.60-70 i think is a good long target for european/us session, strong resistance 114.75...
Biggest joker
  • #3,570
  • Aug 20, 2007 12:02am Aug 20, 2007 12:02am
USDJPY

USDJPY is in down trend. The fall from 119.80 extended to as low as 111.59. Sideways consolidation will more likely be seen before breaking below 111.59 level. Near term resistance is at 116.25, and as long as this resistance holds, down trend will continue.
If I Go Broke Trying Then I Will die happy.
  • #3,571
  • Aug 20, 2007 12:04am Aug 20, 2007 12:04am
It really amazes me how there are traders still on this thread that wants to give advice on something they know nothing about….. But that is alright because they are entitled to their way of thinking and I wish them all luck in the world….. On my last post I gave you an easy 40 pips and I bet a very few of you caught it…. Before I leave I want to go through the movement of the past 3 – 4 hours…… If you have kept notes and remembered everything you have been taught you would have known that there was nothing going to stop this pair from finishing the mission, which was 114.80 mark….. If you remembered, you would have known that once the pivot is broken then the next pivot is the target no-matter what….. I don’t care if it retraced a 1,000 pips it will finish the mission and do so before 17:00 ET the next day.….. Always remember that.
The Dove - Forex Trainer
  • #3,572
  • Aug 20, 2007 12:09am Aug 20, 2007 12:09am
Quoting dove_alliance
It really amazes me how there are traders still on this thread that wants to give advice on something they know nothing about….. But that is alright because they are entitled to their way of thinking and I wish them all luck in the world….. On my last post I gave you an easy 40 pips and I bet a very few of you caught it…. Before I leave I want to go through the movement of the past 3 – 4 hours…… If you have kept notes and remembered everything you have been taught you would have known that there was nothing going to stop this pair from finishing the mission, which was 114.80 mark….. If you remembered, you would have known that once the pivot is broken then the next pivot is the target no-matter what….. I don’t care if it retraced a 1,000 pips it will finish the mission and do so before 17:00 ET the next day.….. Always remember that.
LOL good stuff, dove. I'm laughin' with you brother. God Bless
Patience + Humility + Study = Success
  • #3,573
  • Aug 20, 2007 12:13am Aug 20, 2007 12:13am
I agree, i can't see how this overall market down turn could be over already with such serious fundamentals issues occurring, market manipulation or not i think there's still downside left...
My view on JPY is just a retracement to the overall trend.
Don't forget the hurricane looming, that could change things somewhat...
Biggest joker
  • #3,574
  • Aug 20, 2007 12:14am Aug 20, 2007 12:14am
Quoting dove_alliance
It really amazes me how there are traders still on this thread that wants to give advice on something they know nothing about….. But that is alright because they are entitled to their way of thinking and I wish them all luck in the world….. On my last post I gave you an easy 40 pips and I bet a very few of you caught it…. Before I leave I want to go through the movement of the past 3 – 4 hours…… If you have kept notes and remembered everything you have been taught you would have known that there was nothing going to stop this pair from finishing the mission, which was 114.80 mark….. If you remembered, you would have known that once the pivot is broken then the next pivot is the target no-matter what….. I don’t care if it retraced a 1,000 pips it will finish the mission and do so before 17:00 ET the next day.….. Always remember that.
i guess you fell threaten, you have a lot to learn little man, wish you luck in your trading.
If I Go Broke Trying Then I Will die happy.
  • #3,575
  • Aug 20, 2007 12:20am Aug 20, 2007 12:20am
Quoting Moe
i guess you fell threaten, you have a lot to learn little man, wish you luck in your trading.
This room is getting nasty...
  • #3,576
  • Aug 20, 2007 12:27am Aug 20, 2007 12:27am
Quoting trader07
This room is getting nasty...
no not realy this cat think he's god around here, preying on newbie's, i guess he has a large following, nuff said.
If I Go Broke Trying Then I Will die happy.
  • #3,577
  • Aug 20, 2007 12:30am Aug 20, 2007 12:30am
Quoting Moe
no not realy this cat think he's god around here, preying on newbie's, i guess he has a large following, nuff said.
I make 150+ pips every day in this market - How about you?...... I'm not threaten by you or any one else for that matter......

God bless.
The Dove - Forex Trainer
  • #3,578
  • Aug 20, 2007 12:33am Aug 20, 2007 12:33am
Quoting Moe
i guess you fell threaten, you have a lot to learn little man, wish you luck in your trading.
Please don't jump in this pool, break a rotten egg to spoilt the atmosphere and leave.

I don't mind your view and if you can proof ahead what u said is coorect.

I have learn a lot from Dove (hope he will continue here) and has build my confident in trading this USDYPY.

I am with Dove in this thread for 2 weeks and agreed with every statement he had said about this pair.
  • #3,579
  • Aug 20, 2007 12:34am Aug 20, 2007 12:34am
Quoting Moe
no not realy this cat think he's god around here, preying on newbie's, i guess he has a large following, nuff said.
I haven't been eaten yet, I don't understand?

This is intraday trading, so h1 & h2 & h4 shows us in a uptrend...
  • #3,580
  • Aug 20, 2007 12:35am Aug 20, 2007 12:35am
enjoy your pips guys and happy trading.
If I Go Broke Trying Then I Will die happy.
91 traders viewing now