USD/JPY Discussion | Page 550 | 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

  • #10,981
  • Jul 23, 2008 4:29pm Jul 23, 2008 4:29pm
Quoting P51_Group
The reason is because the R1 is just 3 pips short...... How about that?

I'm not speaking of any specific day. This is something that I have noticed that occurs quite often with this pair.
  • #10,982
  • Jul 23, 2008 4:30pm Jul 23, 2008 4:30pm
pivots for today
Attached Images
FUBAR...
  • #10,983
  • Jul 23, 2008 4:36pm Jul 23, 2008 4:36pm
Quoting southernmind
ANY TAKERS??
Beats me... I always looked at the 80 level, but same thing. I put it in the same box as the pound bein in love with a 50% retracement, and the nightly Frankie Headfakes. (Hey, cool tip on the fib tool huh?)
FUBAR...
  • #10,984
  • Jul 23, 2008 4:44pm Jul 23, 2008 4:44pm
Quoting ak4x
Beats me... I always looked at the 80 level, but same thing. I put it in the same box as the pound bein in love with a 50% retracement, and the nightly Frankie Headfakes. (Hey, cool tip on the fib tool huh?)
Yeah....that will save a lot of time in drawing. Robert is da man!!!
  • #10,985
  • Jul 23, 2008 7:35pm Jul 23, 2008 7:35pm
I've been trading this pair by the use of P&F chart for the last couple months on my live account, and I must say, I like what I see so far.

For those P&F chartist, just got a confirmed breakout of Spread Triple Top pattern.

Long @ 107.94 SL 107.55

Current Price: 107.84
  • #10,986
  • Jul 23, 2008 7:50pm Jul 23, 2008 7:50pm
Hey guys,

I hardly post much regarding fundamentals. I refrain from doing because I see
other with more "cerdentials" here to do so.

As most of you must have noticed, oil price has dropped more than USD20.00 in less than a week.

If anyone asks me why, I would put it plain and simple: Barack Obama's visit to the Middle East proclaiming the end of all present wars and future ones (IRAN). Plain and simple.

I don't like to get involved into politics and really don't want to... but this is the type of posture that can be very positive for the US and for the rest of the world as wll. I see most speculators "realizing" their LONG positions and beginning to change position.

Now here is the question, with Obama we should see the end of the OIL(BUSH FAMILY) Empire? They made so much money with this price escalade!! They should be Zillionaires by now!!

Oil has decided it's temporary road. I see a clear dec. channel already fully developed in H4.

So as Oil raised, Euro went up just as JPY did too. Now the exact reverse is happening.

If one is not trading with one eye on Oil, than things can look somewhat "blind" for he who dares to trade away from this FACT.

Some good opportunities these last two days on EU and UJ. Always looking at OIL prices the whole time.

Oh... By the way.... I see resistance @ 108.24 for UJ.
The parallel is drawn here and open for anyone to see it.

Wish all the Best for ALL traders!!

Cheers.

JP
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd_jpy_d1_23_07_2008_desc_channel_broken.gif Size: 18 KB
Click to Enlarge Name: oil_h4_23_07_2008_desc_channel.gif Size: 22 KB
  • #10,987
  • Jul 23, 2008 8:53pm Jul 23, 2008 8:53pm
jupiter peak

Obama's visit to Iran has probably nothing to do with the oil prices. The current decline of oil orices is MAINLY caused by higher-than-expected stockpiles of oil and gasoline as the US economy is getting weaker. It's all about weakning demand for oil at the moment. As a result, speculators have tried to get out of their long positions as quickly as possible for the past weeks.
  • #10,988
  • Jul 23, 2008 10:56pm Jul 23, 2008 10:56pm
One thing I do not understand is how everyone getting out of their longs when the Yen has been going up since march and in the last two week after hitting a 103.76, it has done nothing but climb. So I am sure the ones trying to get out of their trades and crying all the time, are the ones who are in the short position. I heard last night their was a lot of traders got taken out of their shorts with the stops they had set at the 169.90 on the E/J and not counting those who where stopped out with U/J. Interesting though, how one cannot recognize a long position from the short.
  • #10,989
  • Jul 23, 2008 11:00pm Jul 23, 2008 11:00pm
Quoting P51_Group
One thing I do not understand is how everyone getting out of their longs when the Yen has been going up since march and in the last two week after hitting a 103.76, it has done nothing but climb. So I am sure the ones trying to get out of their trades and crying all the time, are the ones who are in the short position. I heard last night their was a lot of traders got taken out of their shorts with the stops they had set at the 169.90 on the E/J and not counting those who where stopped out with U/J. Interesting though, how one cannot recognize a long position from the short.
Next will be below 103.76
  • #10,990
  • Jul 23, 2008 11:15pm Jul 23, 2008 11:15pm
You are misunderstanding what I said. I am talking about long positions on OIL, not USD. Also, it is USD that has been stronger since March, not JPY. How can you be sure that shoters are crying all the time? That is a funny statement to me. Both longers and shorters should get stopped out when a trend goes against them.

Quoting P51_Group
One thing I do not understand is how everyone getting out of their longs when the Yen has been going up since march and in the last two week after hitting a 103.76, it has done nothing but climb. So I am sure the ones trying to get out of their trades and crying all the time, are the ones who are in the short position. I heard last night their was a lot of traders got taken out of their shorts with the stops they had set at the 169.90 on the E/J and not counting those who where stopped out with U/J. Interesting though, how one cannot recognize a long position from the short.
  • #10,991
  • Jul 23, 2008 11:26pm Jul 23, 2008 11:26pm
(IGM)[European Preview] The USD strength against its major currency pairs is becomin...

[European Preview] The USD strength against its major currency pairs is becoming more entrenched as crude oil prices looked like it has seen the top for now while the Dow may have seen the bottom.
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #10,992
  • Jul 24, 2008 12:41am Jul 24, 2008 12:41am
this is my long term view of UJ...

right now we're on a raising wedge since its lowest at middle of march... i'm not taking more positions in this pair until I see what's going to be the next direction, so... who's gonna win?

***Weekly Fib 38.2% (DownSide) VS Weekly Orange Support (UpSide)***
Attached Image
... /$ -> LONG
  • #10,993
  • Jul 24, 2008 8:56am Jul 24, 2008 8:56am
hey guys why is it ranging so much today any idea?
  • #10,994
  • Jul 24, 2008 9:35pm Jul 24, 2008 9:35pm
I want sell but not now, maybe when the price back to 107.30

In Brazil things are not good , look the chart of Brazilian Stock Market

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 19 KB

Attached Image (click to enlarge)
Click to Enlarge Name: ibov.GIF Size: 43 KB
  • #10,995
  • Jul 25, 2008 12:28am Jul 25, 2008 12:28am
The Japanese finance/econ officials are now contemplating an economy stimulas package to prop up its growth. This seems to be one of the drivers to push USD down hard today.
  • #10,996
  • Jul 25, 2008 1:48am Jul 25, 2008 1:48am
if it breaks 106,50 probably we stop to 106,35 .... for now.... any idea?
  • #10,997
  • Jul 25, 2008 3:37am Jul 25, 2008 3:37am
Quoting Sole
if it breaks 106,50 probably we stop to 106,35 .... for now.... any idea?
Yea, why don't you go long, you just might make some pips.
  • #10,998
  • Jul 25, 2008 3:46am Jul 25, 2008 3:46am
Quoting P51_Group
Yea, why don't you go long, you just might make some pips.
i went long though. Got 20 pips
  • #10,999
  • Jul 25, 2008 5:14am Jul 25, 2008 5:14am
why this sudden rise???
  • #11,000
  • Jul 25, 2008 5:34am Jul 25, 2008 5:34am
Quoting bksujal
why this sudden rise???
It could be a FED agent in the printing room rolling out some more of those $100.00 bills.
61 traders viewing now