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USD/JPY Discussion

  • #4,661
  • Sep 5, 2007 12:23pm Sep 5, 2007 12:23pm
i dont think its time to short just yet... maybe place a stop sell at 14.80... wait till it really goes down.
  • #4,662
  • Sep 5, 2007 12:23pm Sep 5, 2007 12:23pm
Quoting invicta79
what are your settings for the bollinger band - fibo?
Dove used BB setup at 15 and as for Fibonacci - you mean what levels I have plotted ?

I have : 23.6 - 38.2 - 50.0 - 61.8. - 78.4 - 100.0 - 121.4 - 138.2 - 161.8 - 200.00
  • #4,663
  • Sep 5, 2007 12:25pm Sep 5, 2007 12:25pm
Quoting invicta79
hey polish... check out this graph... maybe we could see the price climb back up to 116.00.
Technically that triangle was already broken to the downside today. Your lower trendline should be using the Aug-29th low as the second touch, not today's low.
  • #4,664
  • Sep 5, 2007 12:28pm Sep 5, 2007 12:28pm
Quoting Trader KGB
Technically that triangle was already broken to the downside today. Your lower trendline should be using the Aug-29th low as the second touch, not today's low.
I was just writing this - agree with Trader KGB - you should link the low from 17.08 and 29.08 - then you will see we broke it today
  • #4,665
  • Sep 5, 2007 12:29pm Sep 5, 2007 12:29pm
Quoting PolishTrader
For me it makes sense - maybe I would place SL a little bit higher (above 115.75 which is Weekly Central) - but you are the one who makes decision
Hmm I see what you mean, that way it gives a little leeway if it does rebound right!
"Don't work for your money, but let money work for you."
  • #4,666
  • Sep 5, 2007 12:36pm Sep 5, 2007 12:36pm
Quoting PolishTrader
I was just writing this - agree with Trader KGB - you should link the low from 17.08 and 29.08 - then you will see we broke it today

thanks.. im gonna wait for "something" to form then..
  • #4,667
  • Sep 5, 2007 12:54pm Sep 5, 2007 12:54pm
Quoting invicta79
thanks.. im gonna wait for "something" to form then..
Hey theres a descending triangle on the 15min charts, lets see if a breakout will occur. Hmm as of right now it looks like its going to the topside.
"Don't work for your money, but let money work for you."
  • #4,668
  • Sep 5, 2007 12:58pm Sep 5, 2007 12:58pm
There's gonna be Beige Book release in few minutes so watch out.
  • #4,669
  • Sep 5, 2007 1:03pm Sep 5, 2007 1:03pm
Quoting PolishTrader
There's gonna be Beige Book release in few minutes so watch out.
Looks like they said its bullish comments, Im backing out of my short trade and waiting to go long once it breaks the triangle on the 15min
"Don't work for your money, but let money work for you."
  • #4,670
  • Sep 5, 2007 1:30pm Sep 5, 2007 1:30pm
Darn I should'nt have got out of my short trade, it seems that the bullish comments, pushed the pair to 115.00
"Don't work for your money, but let money work for you."
  • #4,671
  • Sep 5, 2007 2:55pm Sep 5, 2007 2:55pm
Quoting invicta79
yeah baby.... 4.5% profit... hope you made some pips too fxjarhead!!
You made a very nice call on that long trade bouce in a downtrend. Nicely done for sure, Very nice call on the TP zone also!
I got my 10 on the scalp, it took forever to get past the 116.15 area, than once it did.....it moved nicely to Resistence.

Hope you caught all of your call!!! Would be about 30-35 pips +/- if ya did. Not too shabby when most would have been sitting on thier hands waiting for a retrace to go short again. ( which of course is a good thing too )

Good Luck
Fxj
Proper Prior Planning Prevents Piss Poor Performance
  • #4,672
  • Sep 5, 2007 3:13pm Sep 5, 2007 3:13pm
Quoting FxJarhead
You made a very nice call on that long trade bouce in a downtrend. Nicely done for sure, Very nice call on the TP zone also!
I got my 10 on the scalp, it took forever to get past the 116.15 area, than once it did.....it moved nicely to Resistence.

Hope you caught all of your call!!! Would be about 30-35 pips +/- if ya did. Not too shabby when most would have been sitting on thier hands waiting for a retrace to go short again. ( which of course is a good thing too )

Good Luck
Fxj
looks time to short??? 115.25-35ish PT at 115, SL 115.55
"Don't work for your money, but let money work for you."
  • #4,673
  • Sep 5, 2007 3:43pm Sep 5, 2007 3:43pm
Hey guys,
I've been keeping up with this thread as I like to trade usdjpy as well....I just haven't posted yet.
So anyways, I just shorted at 115.24...we'll see how it goes...

Good luck!
  • #4,674
  • Sep 5, 2007 3:53pm Sep 5, 2007 3:53pm
Quoting jpat1023
Hey guys,
I've been keeping up with this thread as I like to trade usdjpy as well....I just haven't posted yet.
So anyways, I just shorted at 115.24...we'll see how it goes...

Good luck!
Hi there, me too I also shorted at that pair, what is your SL and PT?
"Don't work for your money, but let money work for you."
  • #4,675
  • Sep 5, 2007 3:56pm Sep 5, 2007 3:56pm
Quoting chady250
Hi there, me too I also shorted at that pair, what is your SL and PT?
sl: 115.45
pt: 115.00

Although I don't like how this trade is going in the early stages...The 10 minute chart is threatening the break through the 50sma... Hopefully it won't, or I might get out early...
  • #4,676
  • Sep 5, 2007 4:04pm Sep 5, 2007 4:04pm
Quoting jpat1023
sl: 115.45
pt: 115.00

Although I don't like how this trade is going in the early stages...The 10 minute chart is threatening the break through the 50sma... Hopefully it won't, or I might get out early...
Ah, I see what you are viewing. But you should check out stochastics, and RSI for both 10 and 15 minute charts, as most of them are either interesecting, or are in overbaught territory. I am kinda worried about the one hour charts although, as the Stochastics are in oversold territory. SInce the hour chart is the longer term perspective, it will be an interesting move, but from my opinion, I believe it will touch 115 once mopre, before making another move. We'll have to see what happens later on.
"Don't work for your money, but let money work for you."
  • #4,677
  • Sep 5, 2007 4:05pm Sep 5, 2007 4:05pm
Quoting chady250
Ah, I see what you are viewing. But you should check out stochastics, and RSI for both 10 and 15 minute charts, as most of them are either interesecting, or are in overbaught territory. I am kinda worried about the one hour charts although, as the Stochastics are in oversold territory. SInce the hour chart is the longer term perspective, it will be an interesting move, but from my opinion, I believe it will touch 115 once mopre, before making another move. We'll have to see what happens later on.
Yea I agree. As soon as I posted that we finally got a thick, black candle.
  • #4,678
  • Sep 5, 2007 4:07pm Sep 5, 2007 4:07pm
Hi I believe here are the new Pivot Points for the close +/- 2 pips

R2: 117.05
R1: 116.17

PP: 115.58

S1: 114.70
S2: 114.11

I am not to sure how to get central points yet, hopefully someone can teach me one day.
"Don't work for your money, but let money work for you."
  • #4,679
  • Sep 5, 2007 4:09pm Sep 5, 2007 4:09pm
Quoting jpat1023
Yea I agree. As soon as I posted that we finally got a thick, black candle.
Yes looks like it will turn to our side then...hopefully lol crosses fingers. I just calculated the new Pivot Points and it seems as 115.14 is the 50% marker between S1 and PP, so there may be some collision within that area, as for the 115 area, it may be safe to say that 114.70ish area MIGHT be a good exit area, however I'd rather play it safe and keep out 115
"Don't work for your money, but let money work for you."
  • #4,680
  • Sep 5, 2007 4:21pm Sep 5, 2007 4:21pm
Quoting chady250
Hi I believe here are the new Pivot Points for the close +/- 2 pips

R2: 117.05
R1: 116.17

PP: 115.58

S1: 114.70
S2: 114.11

I am not to sure how to get central points yet, hopefully someone can teach me one day.
Ok so that day comes ;-) It is open of the 17ET candle and for the monday it is Sunday 15:30 ET open
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