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USD/JPY Discussion

  • #5,641
  • Jan 29, 2008 12:00pm Jan 29, 2008 12:00pm
Maybe it is time to go short, to pick up some pips...
If my couting is correct, then we could see JPY to move againts USD.
The only thing that i am afraid of, are this news from few hours ago.There are good for the USD, and this could take much longer than just this sekund when they came out..analeses for other pairs you can check here.

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  • #5,642
  • Edited 1:15pm Jan 29, 2008 1:14pm | Edited 1:15pm
I have a short order ready to go at 107.50 with PT at 106.00 and SL at 108.00 what do you guys think about it??
"Don't work for your money, but let money work for you."
  • #5,643
  • Jan 29, 2008 2:22pm Jan 29, 2008 2:22pm
Quoting chady250
I have a short order ready to go at 107.50 with PT at 106.00 and SL at 108.00 what do you guys think about it??

Great job,.....i am on the same way....see you around 106.00

i hope
  • #5,644
  • Jan 30, 2008 9:07pm Jan 30, 2008 9:07pm
Quoting money
Great job,.....i am on the same way....see you around 106.00

i hope
Lol looks like we were sooooooo very close to hitting our PT bummers, I am still in it short, are you?
"Don't work for your money, but let money work for you."
  • #5,645
  • Edited 9:13pm Jan 31, 2008 9:10pm | Edited 9:13pm
Quoting chady250
Lol looks like we were sooooooo very close to hitting our PT bummers, I am still in it short, are you?
hello chady250 I don't know if you remember me I used to trade in this tread with Mr. Dove ( the dove alliance) I wonder if you can give me the pivos for today thanks in advance nice talking to you againg.
The Chonchy
  • #5,646
  • Feb 1, 2008 2:55am Feb 1, 2008 2:55am
Quoting chonchy
hello chady250 I don't know if you remember me I used to trade in this tread with Mr. Dove ( the dove alliance) I wonder if you can give me the pivos for today thanks in advance nice talking to you againg.
Hehe, sure any time.
R3:1.5027
R2:1.4971
R1:1.4915
PP:1.4859
S1:1.4803
S2:1.4747
S3:1.4691

This is using 1.4915 High 1.4803 Low and 1.4860 as the close.
"Don't work for your money, but let money work for you."
  • #5,647
  • Feb 4, 2008 10:47pm Feb 4, 2008 10:47pm
I think today looks like a nice day to place a long position. No hard evidence on why, but solely because I think the downtrend is dying. What do you guys think. Long at 106.90 SL:104.90 PT:110.00
"Don't work for your money, but let money work for you."
  • #5,648
  • Feb 5, 2008 12:18am Feb 5, 2008 12:18am
In my opinion the trend is still ON. At least if u want to go long enter after the 107.15 r2.
  • #5,649
  • Feb 5, 2008 3:12am Feb 5, 2008 3:12am
Quoting chady250
Hey is anyone going long on this pair. Honestly I kinda want to go long especially with my system telling me to do so, But looking at fundamentals it sure looks like its going further down maybe to 104???
i went long, bu see price is compressed ! know it will shoot but dunno which way. now is clear. let me see the charts to see what is my tech target...
  • #5,650
  • Feb 5, 2008 3:17am Feb 5, 2008 3:17am
i see hourly chart , a triangle break out. hope can sustain ? me going in again when retracement. long
  • #5,651
  • Feb 5, 2008 11:18am Feb 5, 2008 11:18am
Quoting FXblader
i see hourly chart , a triangle break out. hope can sustain ? me going in again when retracement. long
It broke out of the 107.00 trendline resistance area, but somehow it dropped back down, near 106.90ish what a bummer...
"Don't work for your money, but let money work for you."
  • #5,652
  • Feb 5, 2008 10:26pm Feb 5, 2008 10:26pm
can any one expain why USD JPY fail to go up ? All over the shop USD strengthen, but not this pair.

Is it because when economy is poor , USD strengthen but many also exit
out of carry trade. So they sell this.
????

anyone care to explain something ?

i am excusing my self from this pair.
  • #5,653
  • Edited 11:50pm Feb 5, 2008 11:37pm | Edited 11:50pm
Usd/Jpy Ran up on News ................
( I'm sure you already already know this )

They all got the jitters from something in the news in the last
2 trading hours of trading yesterday afternoon ( Japan Time )

Then the US session opened up and traders saw that rally
from the overnight session ,- they were very surprised

There were many traders short the in the Usd/Yen pair an
had their protective stops up there , and also there was
alot profit taking that also occurred for the bulls

So prices Crashed down - !


-------------------------------------------------------------
( If you are watching currency correlation )

The only true inverse relation ship that can be trusted is

the Usd /Chf pair vs Eur/Usd pair .......... or.......... the US Dollar vs Gold .........
----------------------------------------------------------------------------
Every other currency correlation will defy your logic -

//////////////////////////////////////////////////////////////////////////////////////////
  • #5,654
  • Feb 6, 2008 12:01am Feb 6, 2008 12:01am
beware....

there is some info on stock exchange floors boj is likely to intervene yen soon if keep strengtening at this brutal pace...
(even some ministers have showed they are against this, and japaneses in my opinion dont play, they act.)

probably 1 of the reason uj being stopped out in the range 106-106.50,
many traders are cautious. even when equities are falling hard.
there is some analisys also japan according to many analyst has peaked growth and probably already entered into recession, which is not yen bullish, and even boj threatening to cut rates.

if it manages to fall in the down 106 area, in my opinion can probably be a good time to buy. at least i will.
  • #5,655
  • Feb 6, 2008 4:47am Feb 6, 2008 4:47am
Quote.....
"( If you are watching currency correlation )
The only true inverse relation ship that can be trusted is
the Usd /Chf pair vs Eur/Usd pair .......... or.......... the US Dollar vs Gold .........
---------------------------------------------------------------------------
Every other currency correlation will defy your logic -"


Just goes to show ...logic is in the eye of the beholder too.
  • #5,656
  • Feb 7, 2008 1:01pm Feb 7, 2008 1:01pm
We need a break of 107.75 in order for us to get new potential gains, could it happen now? Next resistance is 108.00. I have a trade in already with a PT @ 110.00 hopefully the pair has the strength to break through the 108 area by the end of today.
"Don't work for your money, but let money work for you."
  • #5,657
  • Feb 7, 2008 2:49pm Feb 7, 2008 2:49pm
Quoting chady250
We need a break of 107.75 in order for us to get new potential gains, could it happen now? Next resistance is 108.00. I have a trade in already with a PT @ 110.00 hopefully the pair has the strength to break through the 108 area by the end of today.
Im short from the top of channel. If market is consolidating, we should see at least few more times bottom of 106
  • #5,658
  • Feb 7, 2008 6:14pm Feb 7, 2008 6:14pm
Quoting sDRs
Im short from the top of channel. If market is consolidating, we should see at least few more times bottom of 106
I see your point there. but it has been consolidating within this area for quite a while now. I believe we have been within a range since January 19ish till now. Between a range of 105.3ish to 107.9ish. I like your supporting theory that it may go down to touch support levels again.
"Don't work for your money, but let money work for you."
  • #5,659
  • Feb 7, 2008 10:15pm Feb 7, 2008 10:15pm
fucking shit of UJ
last night i make short position and i must use martingale until 3 open position short

and this morning totally win only 21 pips

yeah last night UJ is nice experience
  • #5,660
  • Feb 8, 2008 2:24am Feb 8, 2008 2:24am
Quoting chady250
I see your point there. but it has been consolidating within this area for quite a while now. I believe we have been within a range since January 19ish till now. Between a range of 105.3ish to 107.9ish. I like your supporting theory that it may go down to touch support
levels again.
Strange, but till now UJ didnt go down as it was few times in the past. I think this week one of the main problems is that in Japan holiday continues for all week, if it wount break support per today, we definately should see a bottom of this consolidating channel.
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