Attachments: USD/JPY Discussion

USD/JPY Discussion

#11,561
Sep 4, 2008 7:29am Sep 4, 2008 7:29am

bristolxyz
| Joined Jun 2008 | Status: Trader | 291 Posts

Quoting bitrader

Disliked

At 108.30/40, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term sales on condition of formation of topping signals the targets will be 107.90/108.00, 107.50/60.
An alternative for buyers will be above 108.80 with targets 109.10/20, 109.60/80, 110.00/20.

Ignored

Where did you get that gibbrish? It must the the news your broker is pushing to you. Do youself a favor and turn it off. It's not reliable.

"I spilled spot remover on my dog. He's gone now." - Steven Wright

#11,562
Sep 4, 2008 9:52am Sep 4, 2008 9:52am

DutchTrader
| Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts

Nice dive

Patience + Humility + Study = Success

#11,563
Sep 4, 2008 11:14am Sep 4, 2008 11:14am

evilglory
| Joined Apr 2008 | Status: Trader | 274 Posts

closed off my short from 107.63 2 days back with a loss after it hit my sl at 108.50, came back home to such a low of 107.53......... Must work on my sl zzzz

hope everyone is better off then me.

loss 100k in Forex, up 1k, still have 99% to go!!

#11,564
Sep 4, 2008 12:10pm Sep 4, 2008 12:10pm

EAprogrammer
| Joined Jul 2008 | Status: Professional EA programmer | 211 Posts

short 107.99, t/p 107.69

If everyone believes it, it will work.

#11,565
Sep 4, 2008 12:52pm Sep 4, 2008 12:52pm

gsgg
| Joined Jun 2008 | Status: Trader | 162 Posts

USD/JPY the long size

#11,566
Sep 4, 2008 1:19pm Sep 4, 2008 1:19pm

gsgg
| Joined Jun 2008 | Status: Trader | 162 Posts

107,03 - I have long

#11,567
Sep 4, 2008 2:09pm Sep 4, 2008 2:09pm

BGrigore
| Joined Oct 2006 | Status: Trader | 69 Posts

expecting to go towards the 103 level in the next days - weeks.

Anyone else having this view?

by the way I am referring to daily charts so a bit longer term.

all the best,

Bogdan

#11,568
Edited 2:43pm Sep 4, 2008 2:41pm | Edited 2:43pm

jazzyjatt
| Joined Jun 2008 | Status: Trader | 5 Posts

Quoting BGrigore

Disliked

expecting to go towards the 103 level in the next days - weeks.

Anyone else having this view?

by the way I am referring to daily charts so a bit longer term.

all the best,

Bogdan

Ignored

I look for long term trend on weekly and look to trade it on the daily chart and sometimes 4hr. I see the price hesitating around the big number 107.00. I see a bit of support in the 160.50 area. If I was to enter this trade for a sell I would be looking at 104.00 as a target (me being a bit conservative). I try not to use indicators to make the actual decision but stochastics and RSI seem to confirm my thinking on weekly and daily chart.

Please don't take me as an expert. I have been demo trading for 2 months using this particular method. I have turned demo $5000 into demo $8790 and have started doing live trades in the recent USD rally which was more luck with little skill.

I have built up my trading pot using scalping over the last year but I glad to be leaving the stress and anxiety of that behind.

#11,569
Sep 4, 2008 2:45pm Sep 4, 2008 2:45pm