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USD/JPY Discussion

  • #11,141
  • Aug 6, 2008 1:13pm Aug 6, 2008 1:13pm
http://4.bp.blogspot.com/_nmIuQsC9b-...JPY1111111.png
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  • #11,142
  • Aug 6, 2008 1:21pm Aug 6, 2008 1:21pm
This has completed a 50% retracement on previous monthly down move.
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  • #11,143
  • Aug 6, 2008 1:23pm Aug 6, 2008 1:23pm
good point, didnt notice it hit 50% retrace
  • #11,144
  • Aug 6, 2008 1:27pm Aug 6, 2008 1:27pm
smelling 110 at day closing
  • #11,145
  • Edited 1:38pm Aug 6, 2008 1:33pm | Edited 1:38pm
Quoting dove_alliance
I really hated to see you guy loose on your short trades...... But I have been at it for a lot of years and when I said it was going up I had a lot of you laughing at me because I had the indicators verifying the reason why..... Well anyway.... Like I said; I am sorry and I am not laughing because it is not fun to loose your money....

Take care and God bless,
It went down below 106.00 and it took a very long time to break over 108.45

There were fundamental changes in the market that happened before the recent run up over 109.00

I have been out of USD/JPY for a few days now. The charts never knew about what happened fundamentally in the last week. There was incredible intervention and buying of the US Dollar. The worse the fundamentals get for the US Economy the more intervention there is. Fannie Mae and Freddie Mack is an incredible disaster. Oil going down got it started. The Gold going down added to it. The US Dollar Index will reverse shortly.

The FED shot their last bullets when they held and did not suggest raising this year.

Trichet makes his move tomorrow at 7:45 AM

It is not accurate to say the charts predicted this however if it works for you then why not !

I have earned over $13,000 US Dollars in the last 2 weeks shorting USD/JPY and buying EUR/USD on dips lower.

Everything might and I say might change on Thursday.

What happens when Oil resumes going up and it will. Gold SURELY will go UP as the FED has Blown It to Protect their Friends at the expense of Americans and holders of the US Dollar.

There is NO WAY the US Dollar will not come down. All the Charts and Humpty Dumpty cannot put the US Dollar back together.

The Brokers are in BIG Trouble. Look at Lehman and the others.

If you really want to understand things just go to the following website once a day. It is free. WWW.JSMINESET.COM

Link:

A movie trailer is available at a link on their web site: http://www.pgpf.org/

CIGA
Mark R.

Good Trading To All !!!


Peace Out and G-D Bless !!!
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  • #11,146
  • Aug 6, 2008 1:35pm Aug 6, 2008 1:35pm
Quoting Srikanth
smelling 110 at day closing

What about the next 4h lol

Grasp all lose all
  • #11,147
  • Aug 6, 2008 1:53pm Aug 6, 2008 1:53pm
Quoting Teefoo

What about the next 4h lol

i bet 5$ to 100$ that we see 109 first
  • #11,148
  • Aug 6, 2008 2:14pm Aug 6, 2008 2:14pm
Quoting dove_alliance
I really hated to see you guy loose on your short trades...... But I have been at it for a lot of years and when I said it was going up I had a lot of you laughing at me because I had the indicators verifying the reason why..... Well anyway.... Like I said; I am sorry and I am not laughing because it is not fun to loose your money....

Take care and God bless,
Dear sir,

I think long as you , can you tell what is your price target for tp's?

thanks.
  • #11,149
  • Aug 6, 2008 2:56pm Aug 6, 2008 2:56pm
Short at 109.62.. anyone else jumping in?
  • #11,150
  • Aug 6, 2008 3:09pm Aug 6, 2008 3:09pm
Its still bullish, all week, lets see friday or monday if there's a short. I'll search a long in retracement @109.35/15
  • #11,151
  • Aug 6, 2008 5:32pm Aug 6, 2008 5:32pm
Short at 109.57. Japanese exporters are selling USD this morning in Tokyo as expected. It was a good opportunity to go short above 109.50. Let's see if it will touch today's central pivot. USD/JPY needs to cool down a bit, anyway.

Quoting bigpiping
Short at 109.62.. anyone else jumping in?
  • #11,152
  • Aug 6, 2008 5:37pm Aug 6, 2008 5:37pm
Quoting naminori
Short at 109.57. Japanese exporters are selling USD this morning in Tokyo as expected. It was a good opportunity to go short above 109.50. Let's see if it will touch today's central pivot. USD/JPY needs to cool down a bit, anyway.
so what is your TP
  • #11,153
  • Aug 6, 2008 8:09pm Aug 6, 2008 8:09pm
Quoting Warren Forex
The USD/JPY pair moves on supply and demand for that currency. Today was option expiry. Monday new rules are in order for shorting for a few BIG financial stocks like Fannie Mae and Freddie Mac.

Look at the price of the EUR/JPY !

It is at or near an all time high. The BOJ minutes created a perception in the market last night that they would hold at .50% funds rate. The Dow was calm today. The buying of Euro and the selling of Yen as a carry trade FX currency pair is what kept the USD/JPY near 107.00

It might go higher. It might go lower. The odds favor it going lower. Some Big Houses have called a return towards 100

My opinion is that it is going down to 105.00 well before it goes to 109.00

I was right last time on 106.00 or 109.00 as you all know and I expect to be right again.

Time will tell.

Have A GREAT Weekend.

Bruce

Lucky At FX ... Lousy at Love !!!
  • #11,154
  • Aug 6, 2008 8:17pm Aug 6, 2008 8:17pm
Quoting fx_open
so what is your TP
My TP would be the central pivot, 109.23 or nearby, or 109.30 which is 200 ema in the 5M chart. As it has been slowly climbing up for the last few hours, my TP is also adjusted.
  • #11,155
  • Aug 6, 2008 8:23pm Aug 6, 2008 8:23pm
Pivots for today until 5pm EST Thursday, and a chart to ponder the rest of this week. New daily R1 converges with Target 2. Expecting retrace first, and currently short from 109.77...
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FUBAR...
  • #11,156
  • Aug 6, 2008 8:45pm Aug 6, 2008 8:45pm
Just pondering the irony of my UJ short getting stoppped out somewhere shy of the M2 target becuz price just continues to rise... Maybe one of those dastardly Frankie headfakes will get it done.
FUBAR...
  • #11,157
  • Aug 7, 2008 2:02am Aug 7, 2008 2:02am


[FONT='Times New Roman','serif']

Good morning all

Nice drop for my I have 52+ pip

And I'm waiting[FONT='Verdana','sans-serif'] ECB President Trichet Speaks today.

[/font][/font]

Grasp all lose all
  • #11,158
  • Aug 7, 2008 2:10am Aug 7, 2008 2:10am
I think usd/jpy did the swing short, im short @ 53
  • #11,159
  • Aug 7, 2008 4:41am Aug 7, 2008 4:41am
its a good time to a short? or long?
I hope its a short
  • #11,160
  • Aug 7, 2008 6:19am Aug 7, 2008 6:19am
Looks like it may stick in a channel range for a bit.
I'm showing monthly resistance is around the 109.48 and weekly resistance is at 109.28. Then to make that worse, the daily pivot is around 109.19.
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