USD/JPY Discussion | Page 541 | 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

  • #10,801
  • Jul 15, 2008 6:12am Jul 15, 2008 6:12am
Quoting bksujal
i haven't seen a day like this for some time though all the 3 supports are broken don't know what's the next target
As anyone here who has read my posts know I have been pointing out the facts for months now. This market is driven by fundamentals. Look at the price of oil now at $146.50 and the Dow futures are down 137 at the moment. The Dow is under 11,000. All markets are down. There is serious inflation and the US Dollar is weak and getting weaker. The FED is out of bullets.

There was not one bit of this information in the charts months ago. For those of you unaware the charts show the market psychology at the moment. It does not predict the future. Previous support and resistance levels are good at times in normal conditions.


Trust me when I tell you that these are not normal times. If you really want to consistently make money trading FX then knowing the fundamentals and understanding them is essential.

I have been more than aware of this day for over 6 months now. I used to suggest to fellow Forex Factory Members to log on at least once a day to WWW.JSMINESET.COM in order to have a much better grasp of the fundamentals. The Euro hit a new high. The Canadian Dollar is again worth more than the US Dollar. Gold is near $1000 US Dollars again. Oil is approaching $150 US Dollars.

None of this is NEW NEWS for those that trade using "FTP" !!!

Fundamentals + Technicals + Perception !!!

Have A Great FX Trading day !!


Bruce

P.S. USD/JPY is now bid 104.80 ! When are we going to see 109.00 ?

My Point is made I hope.
{Promotion Removed}
  • #10,802
  • Jul 15, 2008 6:12am Jul 15, 2008 6:12am
On H4 chart I've got nice big bullish harmonic butterfly formation:
Attached Image (click to enlarge)
Click to Enlarge Name: butterfly.GIF Size: 27 KB
  • #10,803
  • Jul 15, 2008 6:58am Jul 15, 2008 6:58am
http://www.dailypfennig.com/currentIssue.aspx
{Promotion Removed}
  • #10,804
  • Jul 15, 2008 7:39am Jul 15, 2008 7:39am
yep.....totally agree with Mr.Bruce...gold is getting higher...oil too..DJ and NSDQ is down....so...i see no reason to see the dollar is getting any higher...this explains the horrible downtrend for today....

am not that very upset this downtrend made me 80 pips...
pip and run ....
  • #10,805
  • Jul 15, 2008 8:39am Jul 15, 2008 8:39am
Quoting Jerry
it looks imposible for me good luck anyway..
bad news from Bernanke i'll take my word back
  • #10,806
  • Jul 15, 2008 9:02am Jul 15, 2008 9:02am
Quoting Jerry
bad news from Bernanke i'll take my word back
hello 104!!!
  • #10,807
  • Edited 10:13am Jul 15, 2008 9:36am | Edited 10:13am
http://www.lolpal.com/files/k6n8lj4z...j82s_thumb.gif

It's playing perfectly
  • #10,808
  • Jul 15, 2008 2:52pm Jul 15, 2008 2:52pm
Hi warren, I've been watching your posts for some months now and I have learnt a great deal from you. I would like to be one of your students. Let me know what to do next.
  • #10,809
  • Jul 15, 2008 6:04pm Jul 15, 2008 6:04pm
It seem very quite here today what is everyone doing?
  • #10,810
  • Jul 15, 2008 6:13pm Jul 15, 2008 6:13pm
Since there's no one posting...

Lets have FUN.

What would be your approach for the chart below!?!??!

...since many traders observe that price can move 'sideways'???

Cheers and happy trading to all!!

Great example of 'sideways' price...

JP.
Attached Image (click to enlarge)
Click to Enlarge Name: price_moving_sideways_2.jpg Size: 109 KB
  • #10,811
  • Jul 15, 2008 6:49pm Jul 15, 2008 6:49pm
Quoting jupiter_peak
Since there's no one posting...

Lets have FUN.

What would be your approach for the chart below!?!??!

...since many traders observe that price can move 'sideways'???

Cheers and happy trading to all!!

Great example of 'sideways' price...

JP.
  • #10,812
  • Jul 15, 2008 7:09pm Jul 15, 2008 7:09pm
Who is everybody? I guess those bulls who have been active in this board must have gotten really hurt as a result of this USD fall for the past few days. When USD/JPY was hovering just below 200SMA several days ago, I saw people here expecting USD/JPY to go up above 110. So they probably don't feel like chatting here now as their expectations have turned out be wrong.

Anyway, if USD/JPY starts going back up and rallying, I am sure they will come here.

Quoting Pb53chevy
It seem very quite here today what is everyone doing?
  • #10,813
  • Jul 15, 2008 7:15pm Jul 15, 2008 7:15pm
Pivots for today
Attached Images
FUBAR...
  • #10,814
  • Jul 15, 2008 7:16pm Jul 15, 2008 7:16pm
Quoting tundope
Hi warren, I've been watching your posts for some months now and I have learnt a great deal from you. I would like to be one of your students. Let me know what to do next.
Just Go To The "Knowledge Is Power" thread as this place is for USD/JPY and there are others here that are much better traders than I so we don't want to give them bad information on this thread. By the way I see USD/JPY is now Bid at 104.81 which means it is only 419 PIPS away from the 109.00 mark and 119 marks past the 106.00 mark.

I was real lucky to guess that it would go there. So many others on this USD/JPY thread were convinced by the Technicals that we were headed to 110.00. I am sure they will eventually be proven right. It may take until 2010 but hey they say "Patience Is A Virtue" My Intuition says 100 before 110.

However I probably am wrong because in my last 300 Demo FX trades with No Pressure since they are only Demo trades I actually had 4 losses in 300 FX trades. So I am not that good a FX trader after all.

Peace Out ! I Have a unique sense of humor ! Where has everyone gone indeed ? Perhaps when we go over 106.00 some will return. Have A Great Evening Folks !!!
{Promotion Removed}
  • #10,815
  • Jul 15, 2008 7:17pm Jul 15, 2008 7:17pm
Quoting naminori
Who is everybody? I guess those bulls who have been active in this board must have gotten really hurt as a result of this USD fall for the past few days. When USD/JPY was hovering just below 200SMA several days ago, I saw people here expecting USD/JPY to go up above 110. So they probably don't feel like chatting here now as their expectations have turned out be wrong.

Anyway, if USD/JPY starts going back up and rallying, I am sure they will come here.
I believe you are wrong, the way I understand it many of the traders went somewhere else with the professionals and each one of them did over 200 pips in less than 24 hours on this last short. Any way, the long and short has nothing to do with them being gone.
  • #10,816
  • Jul 15, 2008 7:18pm Jul 15, 2008 7:18pm
Nothing bad on technical.... it's working perfectly...

KG
Attached Image (click to enlarge)
Click to Enlarge Name: uj1.gif Size: 17 KB
  • #10,817
  • Edited 8:02pm Jul 15, 2008 7:50pm | Edited 8:02pm
Quoting P51_Group
I believe you are wrong, the way I understand it many of the traders went somewhere else with the professionals and each one of them did over 200 pips in less than 24 hours on this last short. Any way, the long and short has nothing to do with them being gone.

As of now I am planning to make some more pips south again.

Possible desc. channel/wedge. Price could get a nice bounce down from that channel/wedge observed in h1.

Also, possible flag.

I'll be short very soon.

Cheers to all.

JP.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd_jpy_h1_15_07_2008_desc_channel_probable.gif Size: 17 KB
Click to Enlarge Name: usd_jpy_h1_15_07_2008_desc_channel_probable_flag.gif Size: 21 KB
  • #10,818
  • Jul 15, 2008 7:57pm Jul 15, 2008 7:57pm
Quoting naminori
Who is everybody? I guess those bulls who have been active in this board must have gotten really hurt as a result of this USD fall for the past few days. When USD/JPY was hovering just below 200SMA several days ago, I saw people here expecting USD/JPY to go up above 110. So they probably don't feel like chatting here now as their expectations have turned out be wrong.

Anyway, if USD/JPY starts going back up and rallying, I am sure they will come here.
I'm sure you meant "where" is everybody, but no worries. "You" guys must not have a platform that allows you to BUY when it's going up. Mine allows me to both SELL when it goes down and BUY when it goes up. It's really kinda cool when you can do both.

Are "you" guys trying to tell me you haven't taken a long trade since the low back in March becuz it's STILL GOING DOWN.??

Hurt?? Not hardly, rode it most all of the way down last night, and plan to ride it back up whenever that is. And anyway, ever hear of intraday trading, stop losses, that kind of thing?? Geez, I might go both long and short on the same day, and MAYBE even at the same time!!!

Active? If I'm not here (which it actually appears that I am...), speaking for myself only, it might be cuz I 'm on a more intelligent thread that has traders on it, not people who look at anyone with a current bias different from theirs as "those" people. Some of "those" people might also have just gotten tired of reading ENDLESS news release and conspiracy theory posts by the yard by "you" people.

I also find I have to use my IGNORE button too much on this thread. Gets tedious.

But hey, good luck with them shorts. Get em while you can. I plan to. They're great buying ops for swap... OOOPS, I forgot, you're one of "those" people that can only trade when it's going down. Or did I miss something?

And I'm still trying to figure out how price going down for a day or 5 somehow supports your statement that "their" (you know... "those" people again) expectations turned out to be wrong..."

Enjoy your thread. Won't be the first time this one has died. Someone should fib the activity and viewer level of this thread since it started, minus all the news posts of course. Hint: correlation to a certain very helpful trader...
FUBAR...
  • #10,819
  • Jul 15, 2008 8:02pm Jul 15, 2008 8:02pm
Quoting ak4x
I'm sure you meant "where" is everybody, but no worries. "You" guys must not have a platform that allows you to BUY when it's going up. Mine allows me to both SELL when it goes down and BUY when it goes up. It's really kinda cool when you can do both.

Are "you" guys trying to tell me you haven't taken a long trade since the low back in March becuz it's STILL GOING DOWN.??

Hurt?? Not hardly, rode it most all of the way down last night, and plan to ride it back up whenever that is. And anyway, ever hear of intraday trading, stop losses, that kind of thing?? Geez, I might go both long and short on the same day, and MAYBE even at the same time!!!

Active? If I'm not here (which it actually appears that I am...), speaking for myself only, it might be cuz I 'm on a more intelligent thread that has traders on it, not people who look at anyone with a current bias different from theirs as "those" people. Some of "those" people might also have just gotten tired of reading ENDLESS news release and conspiracy theory posts by the yard by "you" people.

I also find I have to use my IGNORE button too much on this thread. Gets tedious.

But hey, good luck with them shorts. Get em while you can. I plan to. They're great buying ops for swap... OOOPS, I forgot, you're one of "those" people that can only trade when it's going down. Or did I miss something?

And I'm still trying to figure out how price going down for a day or 5 somehow supports your statement that "their" (you know... "those" people again) expectations turned out to be wrong..."

Enjoy your thread. Won't be the first time this one has died. Someone should fib the activity and viewer level of this thread since it started, minus all the news posts of course. Hint: correlation to a certain very helpful trader...
Right on my friend. Most people are actually trading REAL money accounts. Kind of hard to plan and watch your intraday trades and post at the same time.

Hope you do well!

  • #10,820
  • Jul 15, 2008 8:16pm Jul 15, 2008 8:16pm
Quoting Rustyyy
Right on my friend. Most people are actually trading REAL money accounts. Kind of hard to plan and watch your intraday trades and post at the same time.

Hope you do well!
well said. and back at ya, pips both ways to you my friend.
FUBAR...
224 traders viewing now