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USD/JPY Discussion

  • #5,761
  • Feb 21, 2008 1:22pm Feb 21, 2008 1:22pm
How low is this pair going to ???

oh well, at least it's still in the trading range ...
  • #5,762
  • Feb 21, 2008 3:01pm Feb 21, 2008 3:01pm
This move down is based 100% on a SENTIMENT derived index. This move is overdone compared to a modest drop in it also. This is not enough to break the range trading. Long at 107.30
"Timing Is Everything. Really I Swear It Is"
  • #5,763
  • Feb 21, 2008 4:04pm Feb 21, 2008 4:04pm
Quoting TexasforEX
This move down is based 100% on a SENTIMENT derived index. This move is overdone compared to a modest drop in it also. This is not enough to break the range trading. Long at 107.30
It's not a modest drop for sure, it's more like the Titanic sinking ...
  • #5,764
  • Feb 21, 2008 4:17pm Feb 21, 2008 4:17pm
Quoting Schminner
It's not a modest drop for sure, it's more like the Titanic sinking ...
I'm not talking about the yen. I think you are.

Sounds like you should "bet it all" on the yen going to 105.
"Timing Is Everything. Really I Swear It Is"
  • #5,765
  • Feb 21, 2008 5:33pm Feb 21, 2008 5:33pm
Quoting TexasforEX
I'm not talking about the yen. I think you are.

Sounds like you should "bet it all" on the yen going to 105.
You're right, I'm "all in" ...
  • #5,766
  • Feb 21, 2008 7:10pm Feb 21, 2008 7:10pm
Hm.. I am fully sick of usdjpy movement, anyone has a new (not old) picture to show us? let it be elliott..shapes, fib, anything LOL

Its boring really. Same thing over and over
  • #5,767
  • Feb 21, 2008 7:27pm Feb 21, 2008 7:27pm
Here's my analysis. I don't usually post in these threads (plus I don't trade this pair) but saw this one and I did do my analysis on this pair early this morning which is posted in my journal. Obviously the price isn't updated and we now have a dbhlc (double high/low close) for those that trade james16 PA material. Keep in mind this is my analysis, everyone should do their own based on whatever system/methodology they use.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy_daily_trendlines.gif Size: 14 KB
  • #5,768
  • Feb 21, 2008 7:50pm Feb 21, 2008 7:50pm
Quoting CounterTrend
Hm.. I am fully sick of usdjpy movement, anyone has a new (not old) picture to show us? let it be elliott..shapes, fib, anything LOL

Its boring really. Same thing over and over
Yes, the movements have been the same and boring.... but, if you can make some $$$/pips from it, who cares ....
  • #5,769
  • Feb 21, 2008 8:45pm Feb 21, 2008 8:45pm
kakakkakakakakkakakakkakakak
man this is fx and the common analysis tools is always like that.
but thats right all we need is profit pips.

USDJPY

107.75



Quoting Schminner
Yes, the movements have been the same and boring.... but, if you can make some $$$/pips from it, who cares ....
  • #5,770
  • Feb 21, 2008 8:46pm Feb 21, 2008 8:46pm
kakakkakakakakkakakakkakakak
man this is fx and the common analysis tools is always like that.
but thats right all we need is profit pips.

USDJPY

107.75
107.38
106.90
106.30
105.45

Quoting Schminner
Yes, the movements have been the same and boring.... but, if you can make some $$$/pips from it, who cares ....
  • #5,771
  • Feb 21, 2008 10:35pm Feb 21, 2008 10:35pm
Quoting CounterTrend
Hm.. I am fully sick of usdjpy movement, anyone has a new (not old) picture to show us? let it be elliott..shapes, fib, anything LOL

Its boring really. Same thing over and over
uhmmm, yen so cool when you are update with the news about stocks, equities, bonds, yields and all that stuff

i bet uj amounts 70% proft i have been making in forex lately, just obsessed with uj, love it!.
  • #5,772
  • Feb 21, 2008 11:13pm Feb 21, 2008 11:13pm
When you track stocks its too late to trade usdjpy. The action is mirrored, I get no chance of taking a directional trade.

It's Friday again, and I do not know what usdjpy intention right now.
Maybe more downside or more 107-108?
  • #5,773
  • Feb 21, 2008 11:19pm Feb 21, 2008 11:19pm
Quoting zoopy
Here's my analysis. I don't usually post in these threads (plus I don't trade this pair) but saw this one and I did do my analysis on this pair early this morning which is posted in my journal. Obviously the price isn't updated and we now have a dbhlc (double high/low close) for those that trade james16 PA material. Keep in mind this is my analysis, everyone should do their own based on whatever system/methodology they use.
How these trendlines are drawn like that? Not getting it. Is it a theory?
  • #5,774
  • Feb 22, 2008 12:41am Feb 22, 2008 12:41am
I'll take a ride up from 770 till 795 if I catch it.
On the path to Enrichment.
  • #5,775
  • Feb 22, 2008 4:36am Feb 22, 2008 4:36am
Quoting CounterTrend
How these trendlines are drawn like that? Not getting it. Is it a theory?
I've seen others draw similar trendlines in the past and have started to spot them out myself (I've documented some of these findings in my journal). The way that I now trade trendline breaks is... let price break the trendline first (don't trade yet) then pull back to retest the trendline area THEN trade it as I have pointed out in that chart. The other thing is that you must have 2 reference points.


Hope this helps.
  • #5,776
  • Feb 22, 2008 10:27am Feb 22, 2008 10:27am
long 106.89

and commited taking bigger risks every 100 pips down.
+ to that we are close the of the eu channel, so if usd strenghts as it should it could drag jpy down.

lets see how longs playout
  • #5,777
  • Feb 22, 2008 11:36am Feb 22, 2008 11:36am
Look at the pressure, weekly bearish candle.. Ah a series of candles to 100 or something?

Well, I would not go long as critical level taken and easy. I wonder usdjpy broke every support in like "first attempt" and never broke thru 108.30 for 5 continuous days.. fair challenge

No chance for longs, so do not keep trying
  • #5,778
  • Feb 22, 2008 11:39am Feb 22, 2008 11:39am
It breaches any level with ease. now there is 106.80 or so 50% fib and daily low.. just see how easy it will run thru it as we speak. lol
  • #5,779
  • Feb 22, 2008 12:59pm Feb 22, 2008 12:59pm
Quoting CounterTrend
It breaches any level with ease. now there is 106.80 or so 50% fib and daily low.. just see how easy it will run thru it as we speak. lol
107.30 retrace will be for sure
  • #5,780
  • Feb 22, 2008 4:05pm Feb 22, 2008 4:05pm
[quote=CounterTrend;1864426]When you track stocks its too late to trade usdjpy. The action is mirrored, I get no chance of taking a directional trade.

It's Friday again, and I do not know what usdjpy intention right now.
Maybe more downside or more 107-108?[/quote]

The USD/JPY's intention is to take the weekend off and enjoy ...
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