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CAD/JPY

  • #21
  • Dec 21, 2007 1:51pm Dec 21, 2007 1:51pm
Quoting HidaBull
What is happening in Canada for having the Loonie keeping going up Vs Jpy ?Are we going to hit the 115 tonight??....Oops, it just did it
Who cares, enjoy the ride! CJ +200 on the day and the highest % gainer of any pair today.
  • #22
  • Dec 21, 2007 2:01pm Dec 21, 2007 2:01pm
Trader,

You know your old pal was right there!! Where do you see this going? I think a slight pullback then to 116.40
Patience + Humility + Study = Success
  • #23
  • Dec 23, 2007 1:38pm Dec 23, 2007 1:38pm
Happy Holidays everyone. Does anyone have a monthly chart that shows past 1998 Mine only goes back that far. I want to see whats above 125, if and when it breaks that point. Im also looking for a new entry to target 116.50 area, perhaps a pull back to 114 should work.
Jeff
  • #24
  • Dec 23, 2007 3:51pm Dec 23, 2007 3:51pm
Quoting jeffmelvin
Happy Holidays everyone. Does anyone have a monthly chart that shows past 1998 Mine only goes back that far. I want to see whats above 125, if and when it breaks that point. Im also looking for a new entry to target 116.50 area, perhaps a pull back to 114 should work.
Jeff
Here's one going back to 1971. We still have a little ways to go before we break the '71 highs at 356, maybe in '08.
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  • #25
  • Dec 23, 2007 3:59pm Dec 23, 2007 3:59pm
Quoting DutchTrader
Trader,

You know your old pal was right there!! Where do you see this going? I think a slight pullback then to 116.40
Great to finally be in a trade together! I can finally stop fading your calls. Next time we combine forces, remind me to buy a LOT more.

I lightened up on Friday, thought we might see a low liquidity Sunday gap like we've been seeing on other openings lately. I'll be a buyer on any retrace, with the 50-day sma & 38.2 fib both broken, the daily chart is looking better than ever. Have a great holiday!
  • #26
  • Dec 23, 2007 4:06pm Dec 23, 2007 4:06pm
Quoting Trader KGB
Great to finally be in a trade together! I can finally stop fading your calls. Next time we combine forces, remind me to buy a LOT more.

I lightened up on Friday, thought we might see a low liquidity Sunday gap like we've been seeing on other openings lately. I'll be a buyer on any retrace, with the 50-day sma & 38.2 fib both broken, the daily chart is looking better than ever. Have a great holiday!

, hey when I'm right I'm right.
Patience + Humility + Study = Success
  • #27
  • Dec 24, 2007 6:14am Dec 24, 2007 6:14am
this thing just keeps riding higher and higher with the strength of the CAD
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  • #28
  • Dec 26, 2007 10:57pm Dec 26, 2007 10:57pm
Looking to get back in this uptrend at 115.50 if it decides to come down to it... Target 1: 116.50 target 2: 118.50
Jeff
  • #29
  • Dec 27, 2007 11:43pm Dec 27, 2007 11:43pm
anyone can guess how low the jpy is gonna fall ?
  • #30
  • Dec 28, 2007 6:33am Dec 28, 2007 6:33am
I just got out of my long as the upper trend line has been broken. If 115.50 holds up as a resistance, then Im going short, looking for 114.00. I cant put charts on here, I dont use meta trader... Drawing a line from the december 11th low at 108.73, you will see that it bounced five times, before giving way last night.
Jeff
Quoting jeffmelvin
Looking to get back in this uptrend at 115.50 if it decides to come down to it... Target 1: 116.50 target 2: 118.50
Jeff
  • #31
  • Dec 30, 2007 8:32am Dec 30, 2007 8:32am
I made a hasty trade long here, forgetting how much the USDJPY can bog this down. Anyone have any current comments on CADJPY? I went long near the close on Friday...and not sure I am interested in damage control. Looks short all over, I may just have to flip the position first thing at Sunday open.
  • #32
  • Dec 30, 2007 1:17pm Dec 30, 2007 1:17pm
Im currently short from 115.50 looking for 114. Im going long at 113.50 area. If your long now, perhaps hold onto your position as I believe 113.50 should hold up... just my two cents
Quoting TIckerShuffl
I made a hasty trade long here, forgetting how much the USDJPY can bog this down. Anyone have any current comments on CADJPY? I went long near the close on Friday...and not sure I am interested in damage control. Looks short all over, I may just have to flip the position first thing at Sunday open.
  • #33
  • Dec 30, 2007 4:02pm Dec 30, 2007 4:02pm
Closed CADJPY at open here flat...unreal gap in my favor, now I can rethink trading this pair here. hehe
  • #34
  • Dec 31, 2007 3:21pm Dec 31, 2007 3:21pm
Quoting TIckerShuffl
Closed CADJPY at open here flat...unreal gap in my favor, now I can rethink trading this pair here. hehe
Wow, good job, you avoided a train wreck! 111.69! -258 pips on the day, -341 pips off the Sunday opening gap.

What's interesting is that many dealing desks have already closed (FX Sol closed at noon!), and this has dropped >120 pips in the past hour. Why do the dealing desks close hours before the interbank market/ECNs close? Weird..
  • #35
  • Dec 31, 2007 3:33pm Dec 31, 2007 3:33pm
Quoting Trader KGB
Wow, good job, you avoided a train wreck! 111.69! -258 pips on the day, -341 pips off the Sunday opening gap.

What's interesting is that many dealing desks have already closed (FX Sol closed at noon!), and this has dropped >120 pips in the past hour. Why do the dealing desks close hours before the interbank market/ECNs close? Weird..
lol yeah... I almost felt bad after selling - it trended up 20 pips, and I was thinking is this happening ..??.. that gap has to get filled. The Yen pairs are to hot to handle for me.

best regards in 2008!
  • #36
  • Dec 31, 2007 4:49pm Dec 31, 2007 4:49pm
wow. 113.50 didnt even put up a fight! Oh well, cant win them all. I was doing great on this pair all month till today. Was my first loss on this pair in a while, it was due. Hmmmm, gonna look for another short opportunity.

Quoting jeffmelvin
Im currently short from 115.50 looking for 114. Im going long at 113.50 area. If your long now, perhaps hold onto your position as I believe 113.50 should hold up... just my two cents
  • #37
  • Dec 31, 2007 4:55pm Dec 31, 2007 4:55pm
Quoting jeffmelvin
wow. 113.50 didnt even put up a fight! Oh well, cant win them all. I was doing great on this pair all month till today. Was my first loss on this pair in a while, it was due. Hmmmm, gonna look for another short opportunity.
It's always lurking out there. not sure how this can go up with USDJPY going down ... even with USDCAD downard pressure. USDCAD had quite a bull run today.
  • #38
  • Jan 1, 2008 3:43pm Jan 1, 2008 3:43pm
Im lookin to get back in this baby at 113.50. Going short lookin for 108.50 area.... Head and shoulders seem to have formed on the weekly chart, agree??
Jeff
  • #39
  • Jan 1, 2008 4:01pm Jan 1, 2008 4:01pm
Can't bring myself to short YEN pairs, in the past at least. But off the cuff i would say maybe the Yen will finally strengthen to levels never before imagined...??

In other words, I have no idea what to expect here. When it's long, though, I might jump on board...steering clear for now.
  • #40
  • Jan 2, 2008 2:00pm Jan 2, 2008 2:00pm
Quoting TIckerShuffl
Can't bring myself to short YEN pairs, in the past at least. But off the cuff i would say maybe the Yen will finally strengthen to levels never before imagined...??
It's certainly in the realm of possibility, what with GPB/JPY breaking down to 18-month lows today.

CAD/JPY has now fully retraced its move up that began back on 12/14. It will probably find support here for awhile, but I wouldn't attempt longs yet with how broken the USD/JPY chart looks.

With crude hitting $100 and C/J tanking, we've seen a further stretching of the C/J vs crude divergence (attached, crude = red). If/when U/J improves, we may see an even larger C/J run in the next up cycle. I'd love to see a test of the 108 lows first.
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