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USD/JPY Discussion

  • #12,321
  • Dec 17, 2008 4:25pm Dec 17, 2008 4:25pm
Quoting spintrader
yeah I'd hit that lower box in a heart beat! no, but seriously I've been in my yen trade for 6 weeks now- short from 99.00 and I'm getting an itchy trigger finger- looking to close soon
it's seemed like it's going to break to the downside for the past 3-4 hours, hoping it will happen soon- it's 12.30 am here and I don't want to be up all night!
By me it is 1:21 am and i have to go to work. I"ve entered at 87.25 stops at 87.70, targets 86.7 and 86 in extension.

dollar index curently at 87.59, it felt from yesterdays 81.70

good night
I am back. Actually, I never left...
  • #12,322
  • Dec 17, 2008 4:28pm Dec 17, 2008 4:28pm
Quoting spintrader
yeah I'd hit that lower box in a heart beat! no, but seriously I've been in my yen trade for 6 weeks now- short from 99.00 and I'm getting an itchy trigger finger- looking to close soon
it's seemed like it's going to break to the downside for the past 3-4 hours, hoping it will happen soon- it's 12.30 am here and I don't want to be up all night!

Short from 99, are you serious ? Man I wouldn't get worried about anything unless we get back into the 90's,

You could keep a 200 pip trail on that thing for another 6 weeks.

If you didn't bail on the bounce from 88 to 91.50, I couldn't see getting too concerned about a retest of 88 or 89.

I would live with 1,000 pips profit, even if I left another 1,000 on the table.
Nobody can compain about making 1,000 pips. That rocks, man.
  • #12,323
  • Dec 17, 2008 4:34pm Dec 17, 2008 4:34pm
Quoting taragula
By me it is 1:21 am and i have to go to work. I"ve entered at 87.25 stops at 87.70, targets 86.7 and 86 in extension.

Okay, I watch for 86 ext while you're gone if you'll do us a favor.
While you're out, if you see that big-tittied Japanese girl in the post
would you let her know we're waiting on her lazy ass to up here.

Thanks.
  • #12,324
  • Dec 17, 2008 4:34pm Dec 17, 2008 4:34pm
Quoting spintrader
yeah I'd hit that lower box in a heart beat! no, but seriously I've been in my yen trade for 6 weeks now- short from 99.00 and I'm getting an itchy trigger finger- looking to close soon
it's seemed like it's going to break to the downside for the past 3-4 hours, hoping it will happen soon- it's 12.30 am here and I don't want to be up all night!
You think it's going start to trend up soon?
  • #12,325
  • Dec 17, 2008 4:38pm Dec 17, 2008 4:38pm
OK nothing new yet.

Just banging up against resistance. Atleast something's getting banged.
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  • #12,326
  • Dec 17, 2008 4:40pm Dec 17, 2008 4:40pm
Quoting toshi
Short from 99, are you serious ? Man I wouldn't get worried about anything unless we get back into the 90's,

You could keep a 200 pip trail on that thing for another 6 weeks.

If you didn't bail on the bounce from 88 to 91.50, I couldn't see getting too concerned about a retest of 88 or 89.

I would live with 1,000 pips profit, even if I left another 1,000 on the table.
Nobody can compain about making 1,000 pips. That rocks, man.
thanks, yeah my initial target was low 80's with the chance of 79'ish- but the nearer we get to my targets, the more I think I should call it a day- it's always the same.
The other thing is I'm planning to buy myself a car for christmas and once I close this trade I'll be able to make a very decent withdrawal- so I'm maybe a little more impatient that normal.

What's on my mind right now is the chance of BoJ intervening.
The strong yen is absolultely killing the Japanese economy right now, I can't see them allowing it to get much lower.
Anyway I'd decided earlier this week that I'd close the trade by thursday, there may well be another oportunity to short again.
  • #12,327
  • Dec 17, 2008 4:44pm Dec 17, 2008 4:44pm
Quoting spintrader
I'm getting an itchy trigger finger- looking to close soon
it's seemed like it's going to break to the downside for the past 3-4 hours......

Oh oh, we're busted (no pun intended). There's a lady present. Behave.

I might have to take down my pin-ups and you'll need to do something with that itchy finger.

We're so embarrassed .
  • #12,328
  • Dec 17, 2008 4:52pm Dec 17, 2008 4:52pm
Quoting spintrader
The other thing is I'm planning to buy myself a car for christmas and once I close this trade I'll be able to make a very decent withdrawal- so I'm maybe a little more impatient that normal.
Well, that's a bit different story then.

I can't tell you what to do, but if it were me and I knew that the money
from these accumulated pips was earmarked for something besides this trade,
I wouldn't hesitate for one moment to close and make the withdrawal ASAP.

Again, I might keep a little bit of the position on just to keep it interesting
but I would not risk pip profits that have been committed elsewhere to other endeavors.

Really really really think about it. Especially if it's enough $$ to buy a car.
  • #12,329
  • Dec 17, 2008 4:52pm Dec 17, 2008 4:52pm
Quoting toshi
Oh oh, we're busted (no pun intended). There's a lady present. Behave.

I might have to take down my pin-ups and you'll need to do something with that itchy finger.

We're so embarrassed .
Yup... but she was hot anyways.
  • #12,330
  • Dec 17, 2008 4:54pm Dec 17, 2008 4:54pm
Quoting angierosed
Yup... but she was hot anyways.

Oooooh, me likey what you likey.
  • #12,331
  • Dec 17, 2008 5:08pm Dec 17, 2008 5:08pm
Here goes:

Let's see if it has any legs
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  • #12,332
  • Dec 17, 2008 5:09pm Dec 17, 2008 5:09pm
Quoting toshi
Here goes:
So no shorting???? It's going to trend up now, and keep trending up?
  • #12,333
  • Dec 17, 2008 5:14pm Dec 17, 2008 5:14pm
Houston,

The Yen is in the box. I repeat.... The Yen is in the box.
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  • #12,334
  • Dec 17, 2008 5:15pm Dec 17, 2008 5:15pm
Quoting toshi
Houston,

The Yen is in the box. I repeat.... The Yen is in the box.
Ok, so the Yen is in the box? Now what?
  • #12,335
  • Dec 17, 2008 5:20pm Dec 17, 2008 5:20pm
Just so we don't get too excited. The Daily Pivot is coming up at 8784 ~
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  • #12,336
  • Dec 17, 2008 5:30pm Dec 17, 2008 5:30pm
It's not exactly going gangbusters one way or the other yet.
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  • #12,337
  • Dec 17, 2008 5:47pm Dec 17, 2008 5:47pm
Well that was interesting....

Did anyone get some of that ?
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  • #12,338
  • Dec 17, 2008 6:00pm Dec 17, 2008 6:00pm
As you know, this really changes nothing.

Pro's are still looking for a good places to short.
A little upside shouldn't be that surprising
after falling as much as the Dollar/Yen has recently.

My boxes were kinda fun to play with, atleast I thought so.

Price action still rules. Price trumps everything else.

Those purple dots are just places on a map
Targets for the sake of having something to point to.
I'll keep em up just to see which one gets hit first.

They could just as well be purple micro-dot hits of acid.

I think I'll print them out and lick them and see if I can trip.
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  • #12,339
  • Dec 17, 2008 6:34pm Dec 17, 2008 6:34pm
You know this ink toner might have a little something in it.

I'm catching a little buzz from it.

I might have to roll this chart up and smoke it.
  • #12,340
  • Dec 17, 2008 9:06pm Dec 17, 2008 9:06pm
Somewhere in all of this, a price channel is trying to form.
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