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USD/JPY Discussion

  • #11,201
  • Aug 12, 2008 2:50pm Aug 12, 2008 2:50pm
Looking to Buy near 109.17, Stops 27 pips

http://3.bp.blogspot.com/_nmIuQsC9b-...ver%2Bjjjj.png
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  • #11,202
  • Aug 12, 2008 4:50pm Aug 12, 2008 4:50pm
I think there was reverse start since yesterday,Yesterday candle looks like hanging man.
If it break 109.25 we go to 108.90, 108.60 ,107.60
For me won't close my short till see where will close today
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  • #11,203
  • Aug 12, 2008 6:57pm Aug 12, 2008 6:57pm
yo
trends that we see in EUR/USD and USD/JPY are pretty clear to me (down and up), however daily/weekly move on EUR/USD hit Bollinger hard and now we flirt with 1,49 level that was tested couple of times before (and finally was broken), with rebound here I see little chance USD/JPY can keep above 109 level, so... in short @ 109,25, tp 108,65, sl 109,65
good luck
  • #11,204
  • Aug 12, 2008 8:10pm Aug 12, 2008 8:10pm
Quoting dwildes
It is going to take a lot of sellers to push it down - there is quite a bit of support between 109.25 & 109.40

If it does break, it's heading for long drop.
I agree with you though, I think the odds are more in favor of it continuing up rather than down after a bit of consolidation here.

Looks like I was wrong - it did want to go down more than up!
Oh well, was in all cash so was neutral - hope you guys that were still shorting got some good PIPs!

I'm a little jealous, wish I wouldn't have closed my short early for about 60 more PIPs
  • #11,205
  • Aug 12, 2008 8:12pm Aug 12, 2008 8:12pm
Quoting cajmerek
yo
trends that we see in EUR/USD and USD/JPY are pretty clear to me (down and up), however daily/weekly move on EUR/USD hit Bollinger hard and now we flirt with 1,49 level that was tested couple of times before (and finally was broken), with rebound here I see little chance USD/JPY can keep above 109 level, so... in short @ 109,25, tp 108,65, sl 109,65
good luck
You're right on - EUR/USD & USD/JPY do correlate, some days better than others.
  • #11,206
  • Aug 12, 2008 10:15pm Aug 12, 2008 10:15pm
usd/jpy has support at 108.32 level based on daily, 4hr and 1hr charts. alredy had immediate bounce from within 4 pips of that level. I would like to see price re-test the low and then buy a bounce or sell a break of 108.32 with major support around 107.20/08. upside targets are 1-109.10 --2-109.50--above that then headed to 111.00
  • #11,207
  • Edited Aug 13, 2008 2:18am Aug 12, 2008 10:28pm | Edited Aug 13, 2008 2:18am
At 109.00/20 it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.
For sells on condition of formation of topping signals the targets will be 108.40/60, 108.00/20 and/or further breakout variant up to 107.40/60.
An alternative for buyers will be above 109.80 with the targets 110.20/40.
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  • #11,208
  • Aug 13, 2008 12:25pm Aug 13, 2008 12:25pm
I'd like to share my analysis with all of you. This is how I see where the pair will ultimately end up. It's just an opinion and can be wrong.

Hopefully you guys could teach me to read the markets better. Would appreciate some feedback.

Technicals.
Buy signal 1. Price has successfully broken through 108.60 (Previous High) resistance level.

Buy Signal 2. 13/26 EMA have crossed to the upside.

Buy Signal 3. Broken through the trading range of the past several weeks. 102.60-108.57.

Fundamentals.

Japan in a recession from what I hear Bloomberg's reporting.

Fed's next move are most likely Rate Hikes.

Stop/Loss at 95.73 or better yet 103.76 based on daily fibs.

So whenever USD/YEN drops, Wouldn't this call for a buy on dips sort of situation.
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  • #11,209
  • Aug 13, 2008 6:29pm Aug 13, 2008 6:29pm
Quoting bitrader
At 109.00/20 it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.
What in the blazes does that mean? What is activity development? Who is both parties..."

Why do you post this stuff?
FUBAR...
  • #11,210
  • Aug 13, 2008 7:29pm Aug 13, 2008 7:29pm
this is my 1h chart setup..

http://usera.imagecave.com/ammal07/usdjpy/ujh11408.gif
newbies yang minat nak belajar forex, sila ym saya, ym: ammal007
  • #11,211
  • Aug 13, 2008 10:05pm Aug 13, 2008 10:05pm
i am on short since 109.5 am i on the wrong bus?
  • #11,212
  • Aug 13, 2008 10:12pm Aug 13, 2008 10:12pm
Quoting trading801
i am on short since 109.5 am i on the wrong bus?
asian session mainly a ranging market,
hourly trending looks long.......
at last i`ve found a holygrail........
  • #11,213
  • Aug 14, 2008 1:42am Aug 14, 2008 1:42am
come on go DOWN
  • #11,214
  • Aug 14, 2008 9:22am Aug 14, 2008 9:22am
USD/JPY - broke out of this 1H channel... in 109,60
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Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #11,215
  • Aug 14, 2008 9:54am Aug 14, 2008 9:54am
It was update at 6:45 am ET

http://4.bp.blogspot.com/_nmIuQsC9b-...erver++jpy.png
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  • #11,216
  • Aug 14, 2008 11:01am Aug 14, 2008 11:01am
We took our Entry and looking for 110.17

http://4.bp.blogspot.com/_nmIuQsC9b-...erver++jpy.png
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  • #11,217
  • Aug 14, 2008 3:39pm Aug 14, 2008 3:39pm
Do not rush for Trade # 2, just wait for good reversal or keep eye on this Forum
http://3.bp.blogspot.com/_nmIuQsC9b-...erver++jpy.png
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  • #11,218
  • Aug 14, 2008 9:13pm Aug 14, 2008 9:13pm
(IGM)[DLR/YEN] surges to 110.20. Stops are executed on rise through the figure, an...

[DLR/YEN] surges to 110.20. Stops are executed on rise through the figure, and are remaining at 110.20 to 30. 110.50 is also noted as the stop level, so generally orders are mixed at the 110.20-50 zone. A major US name has been noted as the buyer.
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #11,219
  • Aug 14, 2008 9:56pm Aug 14, 2008 9:56pm
so folks, what is this thread's house views

mostly for SHORT or LONG
  • #11,220
  • Aug 15, 2008 12:02am Aug 15, 2008 12:02am
Up and Uphttp://usera.imagecave.com/bidara/uj15808.gif
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