USD/JPY Discussion | Page 352 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #7,021
  • May 22, 2008 9:28am May 22, 2008 9:28am
Quoting Ron3226
That was a nice bull run, I doubt it has much more steam left in it.

Caution if you are looking long.

Ron.
I appreciate your input. Keep on WINNING...

Bruce
{Promotion Removed}
  • #7,022
  • May 22, 2008 9:30am May 22, 2008 9:30am
Well i totally agree with what u said. So i had placed a long & short position on 103.80 as hedging and i totally agree with u that USD/JPY is bearish in long term but i just want to ride the wave as Wall Street having technical rebound after two days of tumbled.

Regards
  • #7,023
  • May 22, 2008 9:32am May 22, 2008 9:32am
This rally surprised lots of fundamentalist and technicians and me!
  • #7,024
  • May 22, 2008 9:33am May 22, 2008 9:33am
Quoting Ron3226
That was a nice bull run, I doubt it has much more steam left in it.

Caution if you are looking long.

Ron.
That was a nice run without any news!
Iam looking it back down to 103.67.
  • #7,025
  • May 22, 2008 9:37am May 22, 2008 9:37am
Oil off $1.40 to $132.81 Gold Off $9.50 to $919.10 Dow UP 57.97

USD/JPY HIGH is STILL 104.088

Euro Down Pound Up and EUR/JPY is near HIGH at 163.43 and HIGH is 163.515

Those are the facts now on to the results dtermined by the Markets.

Keep on watching and thinking and planning BUT be Patient as things will unfold and then you will be ready for a GOOD Trade with the ODDS in your favor.

FIND NEXT RESISTANCE POINT in USD/JPY and Watch Dow Carefully after NOON today...

Bruce
{Promotion Removed}
  • #7,026
  • May 22, 2008 9:40am May 22, 2008 9:40am
We have reached the 50% retracement mark on the 4 hour. If it breaks that level things will get real interesting, but I think we are heading down from here.

Good trading.

Ron
Attached Image (click to enlarge)
Click to Enlarge Name: 50%.gif Size: 21 KB
  • #7,027
  • May 22, 2008 9:48am May 22, 2008 9:48am
Quoting Warren Forex
Oil off $1.40 to $132.81 Gold Off $9.50 to $919.10 Dow UP 57.97

USD/JPY HIGH is STILL 104.088

Euro Down Pound Up and EUR/JPY is near HIGH at 163.43 and HIGH is 163.515

Those are the facts now on to the results dtermined by the Markets.

Keep on watching and thinking and planning BUT be Patient as things will unfold and then you will be ready for a GOOD Trade with the ODDS in your favor.

FIND NEXT RESISTANCE POINT in USD/JPY and Watch Dow Carefully after NOON today...

Bruce


The 1st resistance (104.04), 2nd (104.42), 3rd (104.86)

While 1st support (103.81), 2nd (103.62) 3rd (103.43)

Hope that i'm right. Correct me if i'm wrong.

Regards
  • #7,028
  • May 22, 2008 9:48am May 22, 2008 9:48am
Quoting ehcydotcom
Well i totally agree with what u said. So i had placed a long & short position on 103.80 as hedging and i totally agree with u that USD/JPY is bearish in long term but i just want to ride the wave as Wall Street having technical rebound after two days of tumbled.

Regards
That is a FUN exercise BUT if you are not sure how to do it do not try it as inexperience can lead to a diaster.

How it works as mentioned above which using the FXCM Trade Platform I can do is to GO Short at 103.80 One Position and If You Feel a RUN coming On then GO long One Position and once you think the TOP is in you sell your LONG at 104.05 for 25 PIPS actual profit and then you are short again one position at 103.80

The Danger is if You DO NOT CLOSE your long position at the right time and it comes to 103.50 so you make 30 PIPS on your short but are underwater on your long if you held it at 30 PIPS so you are EVEN overall BUT if it Keeps going DOWN eventually you have to drop your LONG unless you dropped it at 104.05 and then you get PROFIT of 25 PIPS on the Long and 30 PIPS on the short at 103.50

PLEASE DO NOT TRY IT UNLESS you are 100% sure what to do and even then I would not suggest you do it until you have tried it on a Demo Account.

Bruce

P.S.

Any Questions ? Any Comments ? How about a few charts for US Fundamental FX Traders. One Minute and 5 Minute Charts are Good if you TRADE quickly IntraDay...
{Promotion Removed}
  • #7,029
  • May 22, 2008 9:49am May 22, 2008 9:49am
if uds/jpy break 104.09 it go up to 104.86
  • #7,030
  • May 22, 2008 9:50am May 22, 2008 9:50am
Quoting Poocher
This rally surprised lots of fundamentalist and technicians and me!
hmmm.... u cant simply generalize like dat...
Swinger Club
  • #7,031
  • May 22, 2008 9:53am May 22, 2008 9:53am
shorting small one from 104.00
let's see.
  • #7,032
  • May 22, 2008 9:53am May 22, 2008 9:53am
Quoting Ron3226
We have reached the 50% retracement mark on the 4 hour. If it breaks that level things will get real interesting, but I think we are heading down from here.

Good trading.

Ron
I am not sure how to use 4 Hour Charts though I understand. My Charts can do 1 Minute and 5 Minute and 15 Minute and of course 60 Minutes and Daily BUT where can I get 4 Hour Charts and Why are they effective ?

Thank You


Bruce

USD/JPY now at 103.90 Bid
{Promotion Removed}
  • #7,033
  • May 22, 2008 9:56am May 22, 2008 9:56am
Both Oil and Gold seem to be going up and it kinda stopped in the 50% fibo line.Maybe thats a top.
  • #7,034
  • May 22, 2008 9:57am May 22, 2008 9:57am
22 May 2008 14:52 GMT

MARKET SNAPSHOT: U.S. Stocks Rise As Oil Backs Off From Record $135 Level

By Nick Godt
U.S. stocks tacked on more gains Thursday, with investors cheering oil backing off from record highs above $135 a barrel and a drop in jobless claims after two days of heavy losses.
"It continues to be a 'one-story' market," said Marc Pado, market strategist at Cantor Fitzgerald, referring to the impact of surging crude oil prices on market sentiment in recent weeks.
Crude oil first rose to a new record high of $135.09 a barrel overnight, as supply worries mounted after a report that the International Energy Agency later this year will downgrade its estimate of world oil supplies. But a barrel recently fell back 1% to $133.51.
{Promotion Removed}
  • #7,035
  • May 22, 2008 10:01am May 22, 2008 10:01am
http://quotes.ino.com/chart/?s=NYBOT_DX&v=s&w=5&t=l&a=2
{Promotion Removed}
  • #7,036
  • May 22, 2008 10:01am May 22, 2008 10:01am
Quoting MRmojtaba
if uds/jpy break 104.09 it go up to 104.86
I believe it's 104.68 probably a typo, unless I'm looking at my chart incorrectly. I think we'd blow right through the next fib level up to 104.68. If that's what you were saying, I agree.

With news coming, it could still go either way.

You can't argue with Warren's calls, he's been dead on every time.

Ron
  • #7,037
  • May 22, 2008 10:09am May 22, 2008 10:09am
Quoted

Real money buying of Usd/Jpy out of London and New York coupled with some light stops triggered above 103.75 has propelled the pair above 104.00 to hit 104.08. Some offers are seen in this 104.10 area as we now trade at 103.90. Similar offers are seen at 163.50 in Eur/Jpy as we trade at 163.35.
  • #7,038
  • May 22, 2008 10:14am May 22, 2008 10:14am
Wow....It break 104.04......But i think it will retrace soon....Short @ 104.04 juz now.....Now i have two position of short, 1st at 103.80, 2nd at 104.04.
  • #7,039
  • May 22, 2008 10:17am May 22, 2008 10:17am
Quoting naOki
Quoted

Real money buying of Usd/Jpy out of London and New York coupled with some light stops triggered above 103.75 has propelled the pair above 104.00 to hit 104.08. Some offers are seen in this 104.10 area as we now trade at 103.90. Similar offers are seen at 163.50 in Eur/Jpy as we trade at 163.35.

The HIGH in USD/JPY is at 104.099 and The Dow is UP 57 again and I get a sense that the Market wants to feel good again and take a RUN at Dow UP 100 and if it does USD/JPY will break 104.10

Time will tell as Oil is now down $1..26 again at $131.91

Oil is now more important as a indicator SINCE Thanks To CNBC and their NEW Headline "America's Oil Crisis" next to the price of Oil, ALL the Focus is there.

The FED could INTERVENE at anytime and SELL Oil Futures so BE VERY CAREFUL now...

HIGH EVENT RISK in my Opinion...

Bruce
{Promotion Removed}
  • #7,040
  • May 22, 2008 10:20am May 22, 2008 10:20am
just my $.02.... Looking at the daily chart, price penetrated the uptrend's channel low but will not breach today. If UJ can stay higher than the 103.70 area, I would expect it to try and eventually retest the 105.50 area.
Attached Image (click to enlarge)
Click to Enlarge Name: 4.gif Size: 40 KB
49 traders viewing now