USD/JPY Discussion | Page 216 | 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

  • #4,301
  • Aug 28, 2007 2:33am Aug 28, 2007 2:33am
Had a short at 63, but TP already.
This is thing is still swinging around alot
Chances favour the prepared.
  • #4,302
  • Aug 28, 2007 3:41am Aug 28, 2007 3:41am
Hey guys!

Why do you think it's going down? I thought it's heading up north but hey I'm still new just trying to understand, and I do understand that trading is a risk but I have learn.
All the best things in life are free.
  • #4,303
  • Aug 28, 2007 3:47am Aug 28, 2007 3:47am
borrowing crisis return fears of investor
  • #4,304
  • Aug 28, 2007 3:51am Aug 28, 2007 3:51am


I went long and cancelled my order by it's heading north as I suspected, but I don't want to do guess work anyone cares to discuss this?
All the best things in life are free.
  • #4,305
  • Aug 28, 2007 3:56am Aug 28, 2007 3:56am
Quoting kariunas13
borrowing crisis return fears of investor
Nice1 u got there kariunas, but serously, why do u think it's going down? I use the daily pivots which I calculated myself and it tested a twice before breaking through,

P 116.07
R05 116.30
S05 115.86
S1 115.56
All the best things in life are free.
  • #4,306
  • Aug 28, 2007 4:16am Aug 28, 2007 4:16am
look to news about trouble of morgage firms, some look bankrupcty. I think fed not make move next month and will be more serious problem. I think sort term posible go to north maybe tom 118.50 - 119.00 but until 2008 will see level 109.00
  • #4,307
  • Aug 28, 2007 4:22am Aug 28, 2007 4:22am
Volatality is to high and world market is not stable. Yes pivot point is play on this situation. Need be very carry to trading.
  • #4,308
  • Aug 28, 2007 7:14am Aug 28, 2007 7:14am
Daily S2 hit at 115.26. Bouncing off currently.

G-Man
  • #4,309
  • Aug 28, 2007 7:17am Aug 28, 2007 7:17am
Quoting jasonowl
Had a short at 63, but TP already.
This is thing is still swinging around alot
What got you in here? 63 was a 50% MP between the central and S1. Just curious as to your thought process of entry here. And was your TP at S1 or the 50% of S1 and S2?

edit: I had gone long when price got up to 67-68, thinking we had bounced away from S1 and were heading back to the central.
  • #4,310
  • Aug 28, 2007 7:40am Aug 28, 2007 7:40am
When I was looking at the charts then, the 2hr, 1hr and 20mins were down. 3 Min was showing trend down as well. And figured that it was playing between the 50% (Central / S1) at 60 area and the 50% at 40 area (S1/S2), so my figure was to bet on the trend and play on the spread.

That was it.

Quoting thegunslinger
What got you in here? 63 was a 50% MP between the central and S1. Just curious as to your thought process of entry here. And was your TP at S1 or the 50% of S1 and S2?

edit: I had gone long when price got up to 67-68, thinking we had bounced away from S1 and were heading back to the central.
Chances favour the prepared.
  • #4,311
  • Aug 28, 2007 7:45am Aug 28, 2007 7:45am
Quoting bocanti
still holding my short with stop @ 116.43 (1 pip above curr. today high) hopefull this is a good call.
my stop didnt hit on friday, so it got canceled.

just TP @ 115.35, open @ 115.75

now looking for another trade opportunity.

btw my pivot is different, i dunno why i have set the daily to 1700 EST.
r3/r2/r1 : 117.78/117.15/116.40
Daily : 115.97
central : 115.67 (1700 est) according to my broker...
s1/s2/s3 : 115.22/114.74/114.04

my monday ohlc : 116.61/116.72/115.54/115.65

my next will be looking for bounce to near central, if ema(5&12) & candle pattern confirm will start short again.
  • #4,312
  • Aug 28, 2007 9:14am Aug 28, 2007 9:14am
price went through 115.25 where next?
  • #4,313
  • Aug 28, 2007 9:38am Aug 28, 2007 9:38am
There is a good chance to move at S3 which is 114.64.

Also 38.2% fib is at 114.99 and 50% at 114.33 (low from 17 August,high from 23 August)

However remember about retrace between S2 and S3
  • #4,314
  • Aug 28, 2007 10:19am Aug 28, 2007 10:19am
Quoting PolishTrader
There is a good chance to move at S3 which is 114.64.

Also 38.2% fib is at 114.99 and 50% at 114.33 (low from 17 August,high from 23 August)

However remember about retrace between S2 and S3
I thought S3 was 114.36
  • #4,315
  • Aug 28, 2007 10:23am Aug 28, 2007 10:23am
Ok,target reached ;-)

The next stop might be weekly s1 and 50% fib level - 114.33
  • #4,316
  • Aug 28, 2007 10:25am Aug 28, 2007 10:25am
You didn't pay attention - yeah at first Trader KGB calculated S3 as 114.34 but later he corrected it - it was all about other formula.

We can use it now though ;-) So it will be Weekly S1,50%fib AND S3 using the other formula

Now I'm not saying we gonna reach it - just keep those levels in mind
  • #4,317
  • Aug 28, 2007 10:31am Aug 28, 2007 10:31am
Quoting PolishTrader
You didn't pay attention - yeah at first Trader KGB calculated S3 as 114.34 but later he corrected it - it was all about other formula.

We can use it now though ;-) So it will be Weekly S1,50%fib AND S3 using the other formula

Now I'm not saying we gonna reach it - just keep those levels in mind
thanx for update
  • #4,318
  • Aug 28, 2007 10:37am Aug 28, 2007 10:37am
There is also 23.6% fib at 114.53 (basing on 22 June high - 17 August low)

which might be important
  • #4,319
  • Aug 28, 2007 11:21am Aug 28, 2007 11:21am
Quoting PolishTrader
There is also 23.6% fib at 114.53 (basing on 22 June high - 17 August low)

which might be important
the high was 124.16
what are you using for the low on calculating the fib?
  • #4,320
  • Aug 28, 2007 11:51am Aug 28, 2007 11:51am
On my chart it was 124.14 and low on 17 August was 111.57 - this calculations are always one or two pips off,same with pivots so don't worry if your levels aren't similar
148 traders viewing now