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USD/JPY Discussion

  • #5,841
  • Feb 28, 2008 10:27pm Feb 28, 2008 10:27pm
how soon before you think it hits 103's
  • #5,842
  • Feb 28, 2008 10:32pm Feb 28, 2008 10:32pm
Today? hm

kidding but it will eventually hit 103, 102.. 101 even in this wave i just do not know the timeframe, but if the decline accelerates and we see no friday-spikes then today we should see sub 103. Anyway, if it didn't happen, then next week, weekly studies are making bearish candle and even if it rallied back, the damage has occured already by the break below 104.95 and medium term fibonacci top (the high of expanded flat correction) at 108.60

To be more specific, I am surprised usdjpy resumed decline too fast, but the decline should continue for a few weeks.
  • #5,843
  • Feb 28, 2008 11:41pm Feb 28, 2008 11:41pm
The Japs are making sushi out of dollars .....
  • #5,844
  • Feb 28, 2008 11:44pm Feb 28, 2008 11:44pm
hahha
  • #5,845
  • Feb 28, 2008 11:46pm Feb 28, 2008 11:46pm
that was a FAST 20 pip drop
  • #5,846
  • Feb 29, 2008 12:12am Feb 29, 2008 12:12am
any trades open guys?
BK
  • #5,847
  • Feb 29, 2008 12:14am Feb 29, 2008 12:14am
i have had a short open since 104.72, with a TP at 104.00. Support is at 103.50 so I should have profit by end of day
  • #5,848
  • Feb 29, 2008 12:29am Feb 29, 2008 12:29am
i am in short @ 104.30 tp of 20 pips.
BK
  • #5,849
  • Feb 29, 2008 12:31am Feb 29, 2008 12:31am
Congrats guys I closed earlier short from 104.85 already. I will short next week up leg.
  • #5,850
  • Feb 29, 2008 12:45am Feb 29, 2008 12:45am
drew my fibs wrong and closed my trade +1 pip.
Thank god.
BK
  • #5,851
  • Feb 29, 2008 12:55am Feb 29, 2008 12:55am
Never mind, you will get another chance to short it again.. thank god anyway.. gl mate
  • #5,852
  • Feb 29, 2008 1:29am Feb 29, 2008 1:29am
According to the line connecting all 3 previous lows - it's headed towards about 1.034
On the path to Enrichment.
  • #5,853
  • Feb 29, 2008 2:07am Feb 29, 2008 2:07am
In for a small short - 104.42, SL 104.6, TP 104.1 but may move it down further if I'm by the computer.
On the path to Enrichment.
  • #5,854
  • Feb 29, 2008 2:46am Feb 29, 2008 2:46am
Out on TS with 6 pips. Breached 104.2 probably going to continue down, but no trade for now.
On the path to Enrichment.
  • #5,855
  • Edited 8:35am Feb 29, 2008 7:54am | Edited 8:35am
Anybody looking for a long trade? it is very interesting right now... mmm...


I ENTERED LONG!!!! uuh!!!
  • #5,856
  • Feb 29, 2008 9:14am Feb 29, 2008 9:14am
Hit projected sub 103. Gl
  • #5,857
  • Feb 29, 2008 9:16am Feb 29, 2008 9:16am
what does it mean?
  • #5,858
  • Feb 29, 2008 9:22am Feb 29, 2008 9:22am
Quoting tunera
Anybody looking for a long trade? it is very interesting right now... mmm...


I ENTERED LONG!!!! uuh!!!
hmm...interesting, actually it's kind of a pin bar developing on the 4H, although not the really handsome Mr.Pinnochio but it's there, i am thinking over it for now...so far still very undecided....but best of luck with your long...
I believe . . .
  • #5,859
  • Feb 29, 2008 9:26am Feb 29, 2008 9:26am
Guys, for serious, usdjpy is moving in its greatest bear wave you will ever see. It should continue the downtrend for months, so if you go long, always protect with a stop.

This third wave of three. Do the match
100, and 95 are objectives for this wave.
  • #5,860
  • Feb 29, 2008 9:53am Feb 29, 2008 9:53am
yeah im in short again until support at 103.50 hopefully we see it by the end of the day
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