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USD/JPY Discussion

I shorted at 101.40. Went down nicely
I also shorted 101.55, but I am wondering how far it is actually going to go
i went long at 100.6, my trailing stop is locked now at 100.8. regarding my strategy its a pretty sucessful trade for me.
yeah, I am thinking I hit my limit at 100.6
About to bag the same trade 100.6-100.8. It seems to be roaming around waiting to break north or south.

Edit: This trade just broke north. Glad for that. At least 100.6-101.1 profit locked. How much is that in pips? Never know in the yen.
Quoting magnadyne
I also shorted 101.55, but I am wondering how far it is actually going to go
I closed most of it after about 40 pips profit. Broke even on the rest of it...
Quoting mcdoomer
About to bag the same trade 100.6-100.8. It seems to be roaming around waiting to break north or south.

Edit: This trade just broke north. Glad for that. At least 100.6-101.1 profit locked. How much is that in pips? Never know in the yen.
Im guessing thats like 50 pips.
Looks like usd-jpy stalls at 101.77 at top of trendline. Short from here unless we have a clear break up.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy101708.jpg Size: 91 KB
http://i192.photobucket.com/albums/z...ee_jay/uj3.gif

Thanks in advance.
Attach template and corresponding indicators....
The Market pays you to be disciplined
Quoting mima
Attach template and corresponding indicators....
Thanks for your help, but you did not attach the file with your post.

Regards
Quoting ferndog
Looks like usd-jpy stalls at 101.77 at top of trendline. Short from here unless we have a clear break up.
Yes. There is also a MACD bearish divergence on the 1 hour chart. And on mine, price is also at 61.8 retracement...
Quoting FXMajors
http://i192.photobucket.com/albums/z...ee_jay/uj3.gif

Thanks in advance.



its only fibo reatracement and some standart meta indicator
oh the gmacd and candle time is not standart
im using at usd-jpy at 30 minute chart

here the link i upload the template also
I expect falling a rate, but decrease still has not begun (When think Japan will start to strengthen the currency?
USD/JPY Daily
http://i523.photobucket.com/albums/w...PY171008_1.png

Up to: 102.6 ?
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Quoting bowman
I expect falling a rate, but decrease still has not begun (When think Japan will start to strengthen the currency?
i think
if japan strengthen the currency
it will be bad for their ecomics
cause japan most likely the yen to be weaker than strong.

most japan company..
export their stuff and paid by $
and they paid his employment with yen

so i think is better for japan to weak their currency..
sorry if i wrong...
The way i read it, this pair is going to stay in this range (100-102) for a while. BOJ cant lower rates and i dont think the FED will also. Japan is bottoming out, USA is bottoming in. Perhaps we'll see where it goes after the election. If Obama wins it'll be grand for Japan economy as well, because of the clean energy plan. Very good for Toyota, Honda and a lot of nippon hi-tech manufacturers. That might boost the yen a tad. But for the sake of the economy, a 98-102 range for 2009 is the best scenario, although FED increasing rates might take it near the 90's range. If it rises above 105, BOJ will likely flood the market to bring it down.

That's what i see in my crystal ball
Quoting mcdoomer
The way i read it, this pair is going to stay in this range (100-102) for a while. BOJ cant lower rates and i dont think the FED will also. Japan is bottoming out, USA is bottoming in. Perhaps we'll see where it goes after the election. If Obama wins it'll be grand for Japan economy as well, because of the clean energy plan. Very good for Toyota, Honda and a lot of nippon hi-tech manufacturers. That might boost the yen a tad. But for the sake of the economy, a 98-102 range for 2009 is the best scenario, although FED increasing rates might take it near the 90's range. If it rises above 105, BOJ will likely flood the market to bring it down.

That's what i see in my crystal ball
mmm..very make sense
Quoting adry_dee_jay
its only fibo reatracement and some standart meta indicator
oh the gmacd and candle time is not standart
im using at usd-jpy at 30 minute chart

here the link i upload the template also
Thanks for your reply, the link that you posted does not work.

Regards
Quoting ferndog
Looks like usd-jpy stalls at 101.77 at top of trendline. Short from here unless we have a clear break up.
There is no logical reason behind a break out yet , but the a rising RSI of 64 indicates that there might be another minor uptrend wave. Its not optimal as of yet. Stay patient until it reaches another 101.75.. this calm wave is not going anywhere
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