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USD/JPY Discussion

  • #9,341
  • Jun 26, 2008 7:53pm Jun 26, 2008 7:53pm
Quoting steelhead
Dove you have been calling for 110 for two weeks now. Come on man are you still hanging on to that? The trend is down my friend why you no listen?
If you knew what I know you would be there also....... Smiling - as for the trend it is still up you just can't see it......
The Dove - Forex Trainer
  • #9,342
  • Jun 26, 2008 8:02pm Jun 26, 2008 8:02pm
Quoting dove_alliance
If you knew what I know you would be there also....... Smiling - as for the trend it is still up you just can't see it......
ummm what do you know?
  • #9,343
  • Jun 26, 2008 8:03pm Jun 26, 2008 8:03pm
[quote=bristolxyz;2078242]
Quoting dwildes
Treadline,
See what I mean?
The Nikkei is 'down' over 300 points and the USD/JPY is 'up' on the retracement.
Don't put a whole lot of value in the stock indexes - watch the price action.

Dwildes,

After such a long drop, it it pretty much rule of thumb that there will be some sort of retracement in the comming hours or day? I look back and see it happening, just takes time.

Bristol
Totally agree with ya buddy - but my point was, don't worry about the stock indexes, just the charts. If the stock indexes had any kind of effect, this -300 Nikkei would have not allowed for any retracement.
  • #9,344
  • Jun 26, 2008 8:03pm Jun 26, 2008 8:03pm
resistance comes in at 107.10 and higher up at 107.40 which is close to the 50% fib of todays down move. I'm watching for a short
  • #9,345
  • Jun 26, 2008 8:08pm Jun 26, 2008 8:08pm
Quoting steelhead
[...] The trend is down [...]
Depends on the timeframe you're looking at. I see a huge up trend on the daily chart still intact.
  • #9,346
  • Jun 26, 2008 8:08pm Jun 26, 2008 8:08pm
Quoting dwildes
Treadline,
See what I mean?
The Nikkei is 'down' over 300 points and the USD/JPY is 'up' on the retracement.
Don't put a whole lot of value in the stock indexes - watch the price action.
The Nikkey doesn't have as much influence on the market as the DAX or the Dow, just remember that technically even if we go down to 105.8 it is still a nice, healthy, uptrend, just look at your daily chart.

That said I still believe this pair is coiling up to spring down till the bottom of the channel. I believe that the big fish want an "orderly" appreciation of the dollar short to median term so that if things don't take care of themselves till the bottom resistance, or before it, they will cook the books a little, talk hawkish a little, or come up with some other gimmick to prop the greenback up again.
For he that would be deceived, let him.
  • #9,347
  • Jun 26, 2008 8:10pm Jun 26, 2008 8:10pm
Quoting pinchapip
Hey Brucie......

I will give you the benefit of the doubt. Maybe you are a brillant trader and everything I saw on Oanda last year and heard about you so far on the net is just gossip from traders who are jealous of your genius.

So why don't you just post your trades here in this forum in real time, for lets say, two weeks and shut everybody's mouth?

Lets say you enter a short right now on this retracement, just after you are done come here and state " BECAUSE OF THIS, THIS AND THAT, I OPENED A SHORT ORDER AT........." if you do that nobody can accuse you of faking your results.

I'm really good on photoshop and I can bring some snapshots of the Oanda platform here with some pretty genial trades, PDFs are even easier to doctor. But if you do what I suggested above, again nobody will be able to bash you.

Now if you are trading as well as you state and post your trades here "OPENING AND CLOSING IN REAL TIME" you will become a millionaire because people will line up to give you their accouts so you can trade.

So...why don't you take the challenge ?
We will organize the proper procedure during the next few days !

Good Night !!!


Bruce
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  • #9,348
  • Jun 26, 2008 8:13pm Jun 26, 2008 8:13pm
Quoting pinchapip
The Nikkey doesn't have as much influence on the market as the DAX or the Dow, just remember that technically even if we go down to 105.8 it is still a nice, healthy, uptrend, just look at your daily chart.

That said I still believe this pair is coiling up to spring down till the bottom of the channel. I believe that the big fish want an "orderly" appreciation of the dollar short to median term so that if things don't take care of themselves till the bottom resistance, or before it, they will cook the books a little, talk hawkish a little, or come up with some other gimmick to prop the greenback up again.
Sounds good - as long as the pair is moving.
I don't care if it's headed to 90 or 120 as long as the daily activity kicks up!
  • #9,349
  • Jun 26, 2008 8:16pm Jun 26, 2008 8:16pm
Quoting Warren Forex
We will organize the proper procedure during the next few days !

Good Night !!!


Bruce
We!?!?!?! I'm adivising you to do it!!!! I'm a mediocre trader and I assume it
For he that would be deceived, let him.
  • #9,350
  • Jun 26, 2008 8:30pm Jun 26, 2008 8:30pm
I am still a few lots short on Usd/Jpy and Aud/jpy based on my 120 and 180min chart/system.

Just been scalping for a few on Usd and Eur/Jpy on both the longs and shorts for fun... (will post pics in a seperate post)

Cheers
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  • #9,351
  • Jun 26, 2008 8:31pm Jun 26, 2008 8:31pm
Have got small scalp longs on Usd/Jpy and Eur/Jpy open . (as I write it looks like they may be rolling to the short side)

The kids are just back from school so I've got to rush out and concentrate on one of the important things in life - Sons footy practice , so I've left stops at the red lines

Gotta fly !

Cheers
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: AudJpy 60 mins.JPG Size: 139 KB
  • #9,352
  • Jun 26, 2008 8:37pm Jun 26, 2008 8:37pm
Quoting pinchapip
We!?!?!?! I'm adivising you to do it!!!! I'm a mediocre trader and I assume it
I will organize everything !

Nite ! I have been up since 5:00 AM ! At 64 I do need some sleep !


Bruce
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  • #9,353
  • Jun 26, 2008 8:39pm Jun 26, 2008 8:39pm
Quoting jest1081
ummm what do you know?
The "trend" is still up from what I see as well. It'll head back up to at least 107.75 shortly before turning back down to touch the the up trend support line. From then on it's anyone's guess. Mine guess would be long once again as I see no reason to bet against the direction it's been heading in for the last several months. Although I never forget the phrase "the trend is your friend til it turns in the end!"

As for Bruce: count me in as one of the skeptics. You seem pretty smart When I first found this forum a few weeks ago, I was really interested in everyone's opinions. Yours seemed especially interesting since it came with all this information that made me think "wow, this guy is on top of things!" However, every call you made that I saw was wrong! This pair kept going up and you kept saying "go short." Yes, it finally dropped yesterday but in my book calling "short" a week or two in advance doesn't count in my book. I'm also a skeptical of "evidence" unless it is timely enough so as to make altering it virtually impossible. I'm not saying you doctored those statements though. I'm just saying your credibility would go up in my mind if you were to do some of things others have suggested. Not that you probably care about what I think!

Good luck to all!
  • #9,354
  • Jun 26, 2008 8:44pm Jun 26, 2008 8:44pm
01:40 USD/JPY: Edges Back Up To Around 107.00, Toshin Demand Tokyo, June 27. USD/JPY has moved edged back up to around 107.00. It currently trades 106.94/96 having traded up to a high of 107.00/05 a short while ago. With the stock market still down large and concerns over more weakness going forward, the upside does look to be limited. Technical resistance is eyed at 107.60-70, 107.67 the high in New York. Although some trader stops are eyed above 107.70, the chances of the market moving back up to this level is seen slim. Bidding interest below trails down to the New York low of 106.61. Stops are eyed below 106.60 and especially below 106.50. Japanese players have been the best buyers with importers and retail players on the back of fresh investment trust launches today and Monday pushing the market up this morning. A large US investment bank has been a heavy seller but the selling effort has been duly absorbed so far.
[email protected]


03:30 GMT June 27th USD/JPY and JPY crosses plunged overnight on the back of renewed USD weakness as well as renewed risk aversion. Hints of what was to come came with reports during the Asian session that Citigroup may see another $8.9 bln hit in Q2. Surging crude oil and gold prices and a plunging DJIA helped fuel such fears forcing many players to scurry to pare down JPY short positions. USD/JPY fell from a high of 108.19 in London to as low as 106.61 in New York. EUR/JPY fell from 169.40 to 168.01. USD/JPY, EUR/JPY and other JPY pairs traded higher in Asia however with Japanese importers and retail investors heavy buyers (on the latter, large investment bank launches are scheduled for today and Monday). These markets rose despite very heavy selling in USD/JPY by an US investment bank. From an early low of 106.65, USD/JPY traded back above 107.00 to 107.10. EUR/JPY rose from 168.15 to 168.53 before easing off. GBP/JPY was confined to a 212.15-68 range. AUD/JPY was another pair aggressively bought, rising from 101.92 to 102.50. NZD/JPY too rose from 80.48 to 80.99. Some players do fear more JPY buy-backs overseas tonight. [email protected]
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  • #9,355
  • Jun 26, 2008 8:53pm Jun 26, 2008 8:53pm
Quoting Warren Forex
I will organize everything !

Nite ! I have been up since 5:00 AM ! At 64 I do need some sleep !


Bruce
5am? That's nothing, I've been up almost 30 hours now.
  • #9,356
  • Jun 26, 2008 8:54pm Jun 26, 2008 8:54pm
I am a liar and a fraud. I am 16 years old and live with my Mom !

I know not a thing about anything. I lie and cheat !

I hope you all can see fit to forgive me for my sins and misleading all of you. How stupid was I to think I would not be caught by the brilliant traders here who did call it to go to at least 109.00

I guess that will probably happen tomorrow. If not tomorrow then for sure next week. Well at least by XMAS !

Bruce

A Sad Sorry Pretender who actually has been saying for 3 weeks that USD/JPY would go to 106.00 and it never did !

P.S. Please STUDY my 173 FX Trades since June 9, 2008 and try to figure out aside from my 2 VALID Losses which of the 171 FX Winning Trades I managed to Alter With My Magic Software !!!

YAWN ..... Goodnight Adults and 16 Year Olds
(That Remark about 16 Year Olds refers to me !)
Attached File(s)
File Type: pdf rptIndividualCustomerGREATFXTRADER.pdf   1.4 MB | 388 downloads
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  • #9,357
  • Jun 26, 2008 9:08pm Jun 26, 2008 9:08pm
Someone do me a favor and explain how to get an "Attached Thumbnail" on this post.
The Dove - Forex Trainer
  • #9,358
  • Jun 26, 2008 9:12pm Jun 26, 2008 9:12pm
Sheeessshhh Relax a bit.

I think what Bruce was trying to do was motivate some of us new guys to research for ourselves. I asked a couple of questions, but never got a real good answer, but I did get a bunch of places to research on my own, and start really making notes and working on my own FTP (Perception and Fundementals, seem more important to me),
Bruce is just a guy trying to give something and motivate us.

If you don't have anything nice to say, don't say anything at all.
If you don't agree with teh guy, then don't include his opinions in your descision making process.

We're all just like that guy at the county fair trying to guess your age and weight......
Attached Image (click to enlarge)
Click to Enlarge Name: guess.jpg Size: 315 KB
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #9,359
  • Jun 26, 2008 9:16pm Jun 26, 2008 9:16pm
Quoting Warren Forex
I am a liar and a fraud. I am 16 years old and live with my Mom !

I know not a thing about anything. I lie and cheat !

I hope you all can see fit to forgive me for my sins and misleading all of you. How stupid was I to think I would not be caught by the brilliant traders here who did call it to go to at least 109.00

I guess that will probably happen tomorrow. If not tomorrow then for sure next week. Well at least by XMAS !

Bruce

A Sad Sorry Pretender who actually has been saying for 3 weeks that USD/JPY would go to 106.00 and it never did !

P.S. Please STUDY my 173 FX Trades since June 9, 2008 and try to figure out aside from my 2 VALID Losses which of the 171 FX Winning Trades I managed to Alter With My Magic Software !!!

YAWN ..... Goodnight Adults and 16 Year Olds
(That Remark about 16 Year Olds refers to me !)


That made me laugh Bruce! Thanks! To be honest, I looked at your statement for maybe 15 seconds. I'm just super skeptical by nature and your claims just seem to be too good to be true. From my own perspective I'm thinking that if I could trade like that I'd be so rich that I'd be on a beach in a tropical climate or in bed with a dozens young ladies NOT on an internet message board! If by chance you are that good: you don't seem to be using you're money wisely to enjoy life and I would be more than happy to do let you do my trading for me and I'll do the relaxing for you (on your dime of course)!! I do look forward to more info though!


I have rethought my position on where we go from here with USD/JPY. My GUESStimate is that it closes Fri at around 107.30-107.40 and then Sunday it slides back down to the up trend support line around 106.60. Give or take 20 pips either way! I've got a buy in at 107.05 with a tight stop and I'll let it ride til it looks like it's heading back over/down to the main trend line. Sunday night is hen I think the fun begins though! The anticipation should be high that night to see what's going to happen!

Or nothing could happen! Who the heck knows! Going to bed! Night night!
  • #9,360
  • Jun 26, 2008 9:16pm Jun 26, 2008 9:16pm
http://www.financialsense.com/Market/wrapup.htm


Bruce

Good Night Fellows ! I Love You All as Human Beings ! It Is All Good !!!
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