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USD/JPY Discussion

  • #6,801
  • May 20, 2008 10:43am May 20, 2008 10:43am
do you just look at the numbers for the dow or do you look at a chart??? if so, where do you get it from??
  • #6,802
  • May 20, 2008 10:59am May 20, 2008 10:59am
Quoting Schminner
I took a "long" asss way down to hell today .... my ass is in the hole now ...
Sorry to hear that...hang in there.
  • #6,803
  • May 20, 2008 11:06am May 20, 2008 11:06am
Quoting Poocher
Sorry to hear that...hang in there.
Trying ... I only need it to hit 103.74, but it appears to be struggling just to get there ... always off by a few pips then drops back down again ....
  • #6,804
  • May 20, 2008 11:09am May 20, 2008 11:09am
Did that do it???

Quoting Schminner
Trying ... I only need it to hit 103.74, but it appears to be struggling just to get there ... always off by a few pips then drops back down again ....
  • #6,805
  • May 20, 2008 11:22am May 20, 2008 11:22am
103.80 schminner, there you go
  • #6,806
  • May 20, 2008 11:30am May 20, 2008 11:30am
U/j is at the bottom of its rising channel on H4 and daily chart.

My trade is long since 103.80 for 104.90

Good luck
  • #6,807
  • May 20, 2008 11:41am May 20, 2008 11:41am
Quick and to the point analysis and trade call...thanks Uncle.


Quoting uncleforex
U/j is at the bottom of its rising channel on H4 and daily chart.

My trade is long since 103.80 for 104.90

Good luck
  • #6,808
  • May 20, 2008 12:02pm May 20, 2008 12:02pm
i think japanese session bring this pair under 103 , to zone 102.60-90 and i'm still holding short from 104.

pips with You.
"..buy gossips, sell facts.."
  • #6,809
  • May 20, 2008 12:25pm May 20, 2008 12:25pm
U/J is at the bottom of a very strong upward trend line. Need a confirmed sell momentum and consistently closing below the trendline on 4 hour chart to sell it all the way to 101.55 and then more to the south. Once the downward momentum is confirmed by price action, we can sell at every pullback.

Otherwise neutral and in range for the short term.

BOJ will try to keep it stable and in a range though.

P.S: WarrenFx, great work on the big picture. Keep it going.
Attached Image (click to enlarge)
Click to Enlarge Name: usd-jpy 4 hr 5-20.jpg Size: 135 KB
Never Trade without a defined risk, never, never, never.
  • #6,810
  • May 20, 2008 12:43pm May 20, 2008 12:43pm
I think we'll find support at 103.55-60 b-4 heading up 100 pips or so.


Quoting uncleforex
U/j is at the bottom of its rising channel on H4 and daily chart.

My trade is long since 103.80 for 104.90

Good luck
  • #6,811
  • May 20, 2008 1:03pm May 20, 2008 1:03pm
Quoting mtrmth
103.80 schminner, there you go
Damn, that took a while, but finally ...
  • #6,812
  • May 20, 2008 1:03pm May 20, 2008 1:03pm
Last one hour bar was an inside bar.

Break of bottom at 103.67 should find support soon afterwords.

High is 103.85 and then way up.
  • #6,813
  • May 20, 2008 1:25pm May 20, 2008 1:25pm
trust your signals and have patience!!
  • #6,814
  • May 20, 2008 1:25pm May 20, 2008 1:25pm
UJ failed to break through strong support at 103.50 Dow down 244 points
Patience + Humility + Study = Success
  • #6,815
  • May 20, 2008 1:30pm May 20, 2008 1:30pm
Quoting Küster
It's amazing how close is the relation between Dow and USDJPY.Since I started to use it, my profitable operations increased 70%!!!
I started trading USD/JPY around August 2007. It has been one hack of a ride. You need to understand fundamentals and technicals to know how to trade the Dow.

The last hour should be FUN. Be careful of a late day rally as it could bring USD/JPY close to 104.00 again. Then Short the heck out of it...

Be aware FOMC FED minutes Wednesday at 2:00 PM and I think IFO number in Europe overnight.

Range now on USD/JPY is 103.40 to 104.00 That is for NOW only. Watch last hour of Dow Trading and How USD/JPY reacts to it.

Bruce
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  • #6,816
  • May 20, 2008 1:39pm May 20, 2008 1:39pm
Quoting DutchTrader
UJ failed to break through strong support at 103.50 Dow down 244 points
The strength in EUR/USD and as a add on to that strength in EUR/JPY is probably helping USD/JPY be supported at 103.40 to 103.50


Let us watch what happens in the last hour.

German IFO comes out at 4:00 AM on Wednesday and it can move EUR/USD Big Time if Over or Under Consensus.

Dow can recover then reverse so watch the 1 minute and 5 minute charts and Top of Bollinger Bands for short opportunity if it gets too high however be careful of INTERVENTION though unlikely for a Run Over 104.00

Then Look at Last Support Level on the Way Down which is now Resistance.

Good Trading

Bruce
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  • #6,817
  • May 20, 2008 1:41pm May 20, 2008 1:41pm
http://quotes.ino.com/chart/?s=NYBOT_DX&v=s&w=5&t=l&a=2


Bruce
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  • #6,818
  • May 20, 2008 1:45pm May 20, 2008 1:45pm
Dow seems bullish ...a bit though.
  • #6,819
  • May 20, 2008 1:48pm May 20, 2008 1:48pm
Quoting Warren Forex
http://quotes.ino.com/chart/?s=NYBOT_DX&v=s&w=5&t=l&a=2


Bruce

Uncle Bruce,

Do you think this week UJ move to the 102.00 level??
  • #6,820
  • May 20, 2008 2:02pm May 20, 2008 2:02pm
Quoting Blackterror
Uncle Bruce,

Do you think this week UJ move to the 102.00 level??
It depends on Jobless claims on Thursday (Over 400,000) and Oil moving over $130 and staying there. Existing Home Sales on Friday being worse than expectations and US Dollar Index heading down still and look at 2 Year Treasuries to see if yield goes down as now it is at 2.31% when last week it was 2.44% so we could see a FED Rate Cut coming next which would SPOOK the Markets and then 100.00 is possible.

Let us just focus on 103.40 for the moment. Each day brings new surprises.

Please read everytning dated Monday and Tuesday on WWW.JSMINESET.COM

There will be Test Questions Tomorrow...

Bruce
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