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USD/JPY Discussion

  • #9,261
  • Jun 26, 2008 2:35pm Jun 26, 2008 2:35pm
Well, it reached 106.60 AND bounced off the pitchfork. I see price moving back to the 21 EMA AND 200 EMA confluence area on the daily which would put it back near the 107.00 price area.
Attached Image (click to enlarge)
Click to Enlarge Name: 4HR UJ.GIF Size: 29 KB
  • #9,262
  • Jun 26, 2008 2:42pm Jun 26, 2008 2:42pm
...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DAILY UJ.GIF Size: 36 KB
Click to Enlarge Name: DAILY UJ 2.GIF Size: 31 KB
  • #9,263
  • Jun 26, 2008 2:44pm Jun 26, 2008 2:44pm
I will guess that the Asian market will fall because of the Dow what will keep the down pressure......London may fall also....just my 2 cents...
For he that would be deceived, let him.
  • #9,264
  • Edited 2:56pm Jun 26, 2008 2:47pm | Edited 2:56pm
Quoting southernmind
Well, it reached 107.60 AND bounced off the pitchfork. I see price moving back to the 21 EMA AND 200 EMA confluence area on the daily which would put it back near the 108.00 price area.
Nice work on the pitchforks, I always look in on your "gone wild" posts...

Earlier, I noticed a'rd 30-40 pips difference between your 200 Ema and my 200 Sma (106.49) showing a bit lower on the daily. Not usually enough to matter, but on days like today, thought I'd mention it... we shall see.
FUBAR...
  • #9,265
  • Jun 26, 2008 2:56pm Jun 26, 2008 2:56pm
Quoting Warren Forex
HMMMM...

As I clearly stated Yesterday, 24 hours later it reverses most of the time and ONCE MORE it did and I am a WINNER !

See you later Fellow Traders .... I am OFF to party since I now have CLOSED ALL my Positions. ALL IN CASH...

Here is the FX Solutions Report that I will generate now. No it is not a FAKE REPORT !!!

Bruce
FX Trader Who Keeps His Word !!!
Sorry Bruce, but i don't like people who lies... so i really don't like you... i opened your report for the last time (cause i'm getting tired of your show), and i saw you have TWO LOSER TRADES:

The first one with -101.65 $
and the second one -905.02 $

So, why you keep saying you have closed all your positions, all in cash, when you know you haven't???
  • #9,266
  • Jun 26, 2008 3:12pm Jun 26, 2008 3:12pm
Quoting WizardPip
Sorry Bruce, but i don't like people who lies... so i really don't like you... i opened your report for the last time (cause i'm getting tired of your show), and i saw you have TWO LOSER TRADES:

The first one with -101.65 $
and the second one -905.02 $

So, why you keep saying you have closed all your positions, all in cash, when you know you haven't???

he probably meant just this week. what was the date of those losing trades? ahh wait i see now he closed it because he opened a short on 6-9 and dont know why he he close a good trade on 6-25 if he knew that it would go down.
  • #9,267
  • Jun 26, 2008 3:14pm Jun 26, 2008 3:14pm
Quoting Warren Forex
HMMMM...

My Screen shows 106.60 Bid at the moment so we need to go down 60 more PIPS to reach 106.00 and GO UP 240 PIPS to reach 109.00 !

I Guess the Charts were correct all along and forget the fundamentals. Anyone who knows can clearly see we will HIT 109.00 before WE ever SEE 106.00 !

I should of following all those that were so convinced of 109.00

Especially after the FED announcement of Yesterday around 2:10 PM

As I clearly stated Yesterday, 24 hours later it reverses most of the time and ONCE MORE it did and I am a WINNER !

See you later Fellow Traders .... I am OFF to party since I now have CLOSED ALL my Positions. ALL IN CASH...

Here is the FX Solutions Report that I will generate now. No it is not a FAKE REPORT !!!

Bruce
FX Trader Who Keeps His Word !!!
Wow Bruce, that's some mad scalping! If the UJ does make it up to 109 are you going to hold a position long enough to profit from the entire move or just scalp your way there? You've shown some nice profit with the scalping. Adding a couple longer term trades to your trading and building up a position could really explode your account. Enjoy your party!
  • #9,268
  • Jun 26, 2008 3:18pm Jun 26, 2008 3:18pm
As a trader who enjoys reading everyones views and takes on the market. It really angers me to see this thread cluttered with personal attacks/bragging/ego issues. Who REALLY cares what someone else does. Anyone can lie/tell the truth on this thread all they want about how well/poor they do. In the end its what we take home in profits at the end of the day personally that really matters.

As a trader who enjoys reading everyones views. I ask for less ego, less bragging and more information on what to expect from this pair.

Thank you
Cpreacher
  • #9,269
  • Jun 26, 2008 3:18pm Jun 26, 2008 3:18pm
becareful with shorts as it just hit the weekly pivot a close of this level will send this pair down to maybe 105 or so. hopefully not too low as i have a buy limit order and 104.95. tha would be nice ride to 109 or 110. just my opinion. this is on the 4hr chart.
  • #9,270
  • Jun 26, 2008 3:20pm Jun 26, 2008 3:20pm
Quoting Cpreacher
As a trader who enjoys reading everyones views and takes on the market. It really angers me to see this thread cluttered with personal attacks/bragging/ego issues. Who REALLY cares what someone else does. Anyone can lie/tell the truth on this thread all they want about how well/poor they do. In the end its what we take home in profits at the end of the day personally that really matters.

As a trader who enjoys reading everyones views. I ask for less ego, less bragging and more information on what to expect from this pair.

Thank you
Cpreacher

i agreed that some people will brag about their earnings. as for me i wont be doing that at all. its my earnings and nobody else's. lets get back to trading shall we.
  • #9,271
  • Jun 26, 2008 3:21pm Jun 26, 2008 3:21pm
Another thing, I just realized that 200sma (106.49) on my mt4 chart coincides with my 106.50 support levels on my earlier accuchart post. I run the ma's on the mt4 broker chart as an additional perspective from my accuchart setup which has other stuff on them.

The 3 hr difference between the 2100 GMT daily close on the accuchart and the 0hrs GMT close on the mt4 chart give entirely different pictures sometime... like I said, doesn't usually matter, but one would want to know which is which if it's a trade entry factor.

In other words, that adds additional confirmation for any serious break of 106.50 to be even less likely, or of more concern to longs if it does happen.

I had a small buy limit at 6.62 that missed by a pip so had to enter manually a few pips higher. I had split the difference between the 6.50 fib level and the S3 pivot at 6.74. Close but no cigar!! Still, I am long w/ tight stop for now and watching...
FUBAR...
  • #9,272
  • Jun 26, 2008 3:25pm Jun 26, 2008 3:25pm
Quoting WizardPip
Sorry Bruce, but i don't like people who lies... so i really don't like you... i opened your report for the last time (cause i'm getting tired of your show), and i saw you have TWO LOSER TRADES:

The first one with -101.65 $
and the second one -905.02 $

So, why you keep saying you have closed all your positions, all in cash, when you know you haven't???
It must have been an oversight. I'm sure he has a good explanation. At least the winners are bigger than the losers.
  • #9,273
  • Jun 26, 2008 3:43pm Jun 26, 2008 3:43pm
ok im hoping the weekly pivot will hold butr no too sure as the asian session follows the dow. if that holds then expect to be back to the upper level. the weekly pivot is 106.66 notice the mark of the devil 666. jk
  • #9,274
  • Jun 26, 2008 3:50pm Jun 26, 2008 3:50pm
I'm expecting another retracement during Tokyo
  • #9,275
  • Jun 26, 2008 3:54pm Jun 26, 2008 3:54pm
Quoting dwildes
I'm expecting another retracement during Tokyo

retracement down you mean?
  • #9,276
  • Jun 26, 2008 3:56pm Jun 26, 2008 3:56pm
Quoting treadline
retracement down you mean?
up - just like last night
  • #9,277
  • Jun 26, 2008 4:02pm Jun 26, 2008 4:02pm
Quoting dwildes
up - just like last night

since the asian session follows the dow you dont think the nikkei will be down as well too?
  • #9,278
  • Jun 26, 2008 4:13pm Jun 26, 2008 4:13pm
Quoting treadline
since the asian session follows the dow you dont think the nikkei will be down as well too?
It probably will be - but honestly, I don't even take it in consideration. I wasn't even hardly watching the DOW today either, only price action & pivots on the currency pairs. That's what matters because that shows you where the money is flowing.

Best I can tell - I don't see any correlation between the Nikkei and the USD/JPY. Here are month charts for both. If anything, it shows the when Nikkei is down, U/J is up.

Just watch the U/J chart though it'll tell you all you need to know, IMHO.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy.jpg Size: 39 KB
Click to Enlarge Name: nikkei.jpg Size: 48 KB
  • #9,279
  • Jun 26, 2008 4:20pm Jun 26, 2008 4:20pm
Hi. I'm kind of new at this of Forex. i've been in this since a month ago. and i have won like 1.300$ since then. but basicly with oil... yesterday, before the fed talked, i thought that the USD/JPY was going to go up. and was the opposite. why the dollar fall? and what do you think is going to happen now with the yen that is 106.80.. is it going to go up again or fall to less that 106?
Thanks to all!!!
  • #9,280
  • Jun 26, 2008 4:32pm Jun 26, 2008 4:32pm
Quoting ralfih
Hi. I'm kind of new at this of Forex. i've been in this since a month ago. and i have won like 1.300$ since then. but basicly with oil... yesterday, before the fed talked, i thought that the USD/JPY was going to go up. and was the opposite. why the dollar fall? and what do you think is going to happen now with the yen that is 106.80.. is it going to go up again or fall to less that 106?
Thanks to all!!!

it did not go up because the fed did not raise rates, therefore weakening the dollar even more. go to your 4hr chart as see if the weekly pivot holds. if it doesnt then expect more down move lower. jmo
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