Attachments: USD/JPY Discussion

USD/JPY Discussion

#12,041
Oct 6, 2008 11:20am Oct 6, 2008 11:20am

eye4spot
| Joined Nov 2007 | Status: The only way it's up! | 194 Posts

there goes the new printed xxxxx bilions of usd...

but i didn't cought any.. so i'm sad..hop to get a correction but it's so hard.. because i don't want to trade against the trend.. and a continuation will be in a few days.. or non..

so i have to menage a trade wisely.

gl!

#12,042
Oct 6, 2008 11:22am Oct 6, 2008 11:22am

cesarg
Joined Nov 2007 | Status: the path is very well lit now | 276 Posts

Quoting vorschlag

Disliked

...that was what i can't understand. I suppose some level was broken as i dont see any news for such a move

Ignored

yes, a large support trendline that only was correctly broken once in more than 15 years, and the 101.50 was broken again too, so now is a big resistance. in the beggining of thhis year was broken too but fastly made a pullback tha put price in the 110 line. now, i think it will going to break it again...

if this week closes below this line, we can expect much more downtrend. if is rejected, we can expect to go some place in between 108.4-106.8 again (last weeks movement seems like a bearish triangle).

#12,043
Oct 6, 2008 11:35am Oct 6, 2008 11:35am

Pirin
| Joined Dec 2007 | Status: Trader | 720 Posts

Quoting cesarg

Disliked

yes, a large support trendline that only was correctly broken once in more than 15 years, and the 101.50 was broken again too, so now is a big resistance. in the beggining of thhis year was broken too but fastly made a pullback tha put price in the 110 line. now, i think it will going to break it again...

if this week closes below this line, we can expect much more downtrend. if is rejected, we can expect to go some place in between 108.4-106.8 again (last weeks movement seems like a bearish triangle).

Ignored

Can you post a chart ?

#12,044
Oct 6, 2008 11:36am Oct 6, 2008 11:36am

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

opened a short at 101.45, with sl at 101.55 tp 100.22 .... few pip away from daily s3

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

#12,045
Oct 6, 2008 12:04pm Oct 6, 2008 12:04pm

cesarg
Joined Nov 2007 | Status: the path is very well lit now | 276 Posts

Quoting Pirin

Disliked

Can you post a chart ?

Ignored

of course:

http://i189.photobucket.com/albums/z.../ujmonthly.gif

you can watch the charts i posted at the top of this page too

#12,046
Oct 6, 2008 12:19pm Oct 6, 2008 12:19pm

Paj
| Joined Apr 2008 | Status: Trader | 118 Posts

Stock Markets got hammered carry trade selling off big time.

Paj

#12,047
Edited 1:52pm Oct 6, 2008 1:29pm | Edited 1:52pm

Tiger Hunter
| Joined Oct 2007 | Status: Trader | 452 Posts

hi guys

i posted from 10 hours ago forecast the the continuation
the up trend in all usd pairs like usd/yen,usd/chf

usd/chf played very well, but the usd yen was not correlated to the usd /chf the last 10 hours.

because of the (news).
as i said before all the buyers and sellers in those threads ,
so if you found most posts focused on the up movement will happen (up trend), so the price will go down coz all the traders will take long positions & visa verse.

so the trend is up coz the usd/chf is so bullish and the usd/yen in up trend from 97.xx

and the usd index up trend and the yen index is down trend.

so be sure from the trend is up my friend but you have to put your eyes on fundamentals too..

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#12,048
Oct 6, 2008 11:03pm Oct 6, 2008 11:03pm

Tiger Hunter
| Joined Oct 2007 | Status: Trader | 452 Posts

hi guys.

as i see in my charts the correlation between usd pairs are in play again , usd yen very bullish attitude.

no matter what retrace happen to the down the price will rise again.
it become a matter of time to happen.

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