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USD/JPY Discussion

  • #11,321
  • Aug 27, 2008 4:57pm Aug 27, 2008 4:57pm
Quoting falcon232
That's a H&S on the 4hr USD/JPY chart, right?
If so, we are headed down, way down to 104 and below.
could you give your chart picture?
so we could see what did you mean more clearly..

thx..
  • #11,322
  • Aug 27, 2008 6:05pm Aug 27, 2008 6:05pm
Quoting plumiash
could you give your chart picture?
so we could see what did you mean more clearly..

thx..
Here's the H&S on the 4H. I think to be validated, It would have to go down from here. But, I have a feeling that London will follow suit w/ the New York session.
Attached Image (click to enlarge)
Click to Enlarge Name: U_J.JPG Size: 150 KB
  • #11,323
  • Aug 27, 2008 6:48pm Aug 27, 2008 6:48pm
Quoting plumiash
could you give your chart picture?
so we could see what did you mean more clearly..

thx..
Sorry, I've been off the comp for a while. Fxstman put up a good chart that shows what I was looking at. Thanks.
  • #11,324
  • Aug 27, 2008 7:21pm Aug 27, 2008 7:21pm
No problem falcon always willing to help when I can, You can see it pretty good on the D1 TF as well.

GLT

fxst
Attached Image (click to enlarge)
Click to Enlarge Name: U_J.JPG Size: 106 KB
  • #11,325
  • Aug 27, 2008 7:23pm Aug 27, 2008 7:23pm
Quoting falcon232
Sorry, I've been off the comp for a while. Fxstman put up a good chart that shows what I was looking at. Thanks.
no problem..
btw.. this is my position...
and i think that blue area is where this pair have a probability for reversing goes north.. but if not? good for me..
Attached Image
  • #11,326
  • Aug 27, 2008 7:43pm Aug 27, 2008 7:43pm
What's also interesting is that we're sitting below the 50% retracement of the USD/JPY move down from 124-96. We are headed south guys. And soon.

Since the GBP/USD has been dropping steadily, an 800 pip move down for U/J will decimate G/J. I'm thinking maybe 180 eventually. The funny thing is, these two downmoves may cancel each other out on the G/U.
  • #11,327
  • Aug 27, 2008 8:00pm Aug 27, 2008 8:00pm
In weekly, prev two candles end with hanging man pattern, as if they are waiting for a bearish forming this week...we still have 1 more day to end this week to find out.....

As for the last nite...surge...on USD/JPY failed to make new high and still within the Down trend channel line...possible H&S forming in H4TF too...
As for the fib,,i will call it short if the price goes below 50 fib level....if it didn't touch, the current pull back is just t classic PB.

I am staying side line....


sonic
Attached Image (click to enlarge)
Click to Enlarge Name: ujdt.PNG Size: 34 KB
  • #11,328
  • Aug 27, 2008 9:40pm Aug 27, 2008 9:40pm
very quiet here.. on usdjpy as ussual condition before big movement..

as eurusd jumping north..
and the eurjpy follows..

  • #11,329
  • Aug 27, 2008 10:29pm Aug 27, 2008 10:29pm
nice shorts here from 109.45 if it breaks this dp
USD Est Non Mortuus
  • #11,330
  • Aug 27, 2008 10:47pm Aug 27, 2008 10:47pm
yep.
USD Est Non Mortuus
  • #11,331
  • Aug 27, 2008 10:52pm Aug 27, 2008 10:52pm
Short also, from night before. I can't explain how much this is Deja Vu for me. I've tried to ride out the swings of a major reversal several times. I pray I have the resolve to stick this one out, or get out in a responsible manner.

However, it looks as though we may finally be moving down. The USD/CHF has a prominent H&S formation, visible on the 1hr, that may be validated soon with a trendline break, which bolsters the short position on the USD/JPY.

Good luck to everyone
  • #11,332
  • Aug 27, 2008 10:57pm Aug 27, 2008 10:57pm
if we can break 109.19 this short gets decent from 45
USD Est Non Mortuus
  • #11,333
  • Aug 27, 2008 11:08pm Aug 27, 2008 11:08pm
Quoting LuckyLurker
if we can break 109.19 this short gets decent from 45
comon break already!
  • #11,334
  • Aug 27, 2008 11:10pm Aug 27, 2008 11:10pm
i took profit and moved over to swissy for 20 pips or so.
USD Est Non Mortuus
  • #11,335
  • Aug 27, 2008 11:13pm Aug 27, 2008 11:13pm
hell ya there you guys go.
USD Est Non Mortuus
  • #11,336
  • Aug 27, 2008 11:15pm Aug 27, 2008 11:15pm
95 is ok for tp
USD Est Non Mortuus
  • #11,337
  • Aug 27, 2008 11:22pm Aug 27, 2008 11:22pm
I think london will send it down even more which will be gravy since profits are locked in
Greed Kills
  • #11,338
  • Aug 27, 2008 11:25pm Aug 27, 2008 11:25pm
Quoting mhughes104
I think london will send it down even more which will be gravy since profits are locked in
i'll certainly be watching
USD Est Non Mortuus
  • #11,339
  • Aug 27, 2008 11:27pm Aug 27, 2008 11:27pm
@lucky why you took your profit when 109.19 are broken?

or perhaps it just because those level isn't broken yet?
  • #11,340
  • Aug 27, 2008 11:30pm Aug 27, 2008 11:30pm
Quoting plumiash
@lucky why you took your profit when 109.19 are broken?

or perhaps it just because those level isn't broken yet?

i scalp and re-enter when its ready. closed on swissy in profit.. waiting for entry on market atm. regarding 19-9 its minor support.. should break if it has potential.
USD Est Non Mortuus
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