USD/JPY Discussion | Page 628 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #12,541
  • Feb 19, 2009 7:00pm Feb 19, 2009 7:00pm
Quoting forextine
Then spiked back up, not sure what's going on here, I need to walk away because it's really pissing me off lol. Like who the hell is holding this up.
Markets don't move in straight lines - at least not for very long.
It's healthy for it to retrace back up after 4 hours of falling.
As long as it doesn't close above 94.20, it should be fine.
  • #12,542
  • Feb 19, 2009 7:03pm Feb 19, 2009 7:03pm
Quoting dwildes
Markets don't move in straight lines - at least not for very long.
It's healthy for it to retrace back up after 4 hours of falling.
As long as it doesn't close above 94.20, it should be fine.
It looks pretty straight up to me since Feb 12th lol.
  • #12,543
  • Feb 19, 2009 7:08pm Feb 19, 2009 7:08pm
It looks like it started to range a little on my 4h resistance, waiting to jump in if it goes up or down.
  • #12,544
  • Feb 20, 2009 3:55am Feb 20, 2009 3:55am
Quoting forextine
Then spiked back up, not sure what's going on here, I need to walk away because it's really pissing me off lol. Like who the hell is holding this up.
Hey Forextine, what made you short against such a strong uptrend? I'm in a long right now from a few days ago and wondering if I am missing something that is indicating a turn back down...
  • #12,545
  • Feb 20, 2009 6:20am Feb 20, 2009 6:20am
My short is still in play, and we do still have a downward trendline forming on the H1. I have 10 pips locked in for profit.

However, the part highlighted in blue better start acting as resistance soon, or it could blasting back up.

The news at 8:30 will probably decide U/J's fate
Attached Image (click to enlarge)
Click to Enlarge Name: uj_h1.gif Size: 11 KB
  • #12,546
  • Feb 20, 2009 7:33am Feb 20, 2009 7:33am
Quoting dwildes
My short is still in play, and we do still have a downward trendline forming on the H1. I have 10 pips locked in for profit.

However, the part highlighted in blue better start acting as resistance soon, or it could blasting back up.

The news at 8:30 will probably decide U/J's fate
Only 10pips for me - stop was hit.
  • #12,547
  • Feb 20, 2009 8:31am Feb 20, 2009 8:31am
Maybe its RGR ? hmmmm I don't know but when I see complited formation RGR I play short. What do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.JPG Size: 78 KB
  • #12,548
  • Feb 20, 2009 12:04pm Feb 20, 2009 12:04pm
Yep like me it's a RGR
  • #12,549
  • Feb 20, 2009 12:28pm Feb 20, 2009 12:28pm
I LOVE this game
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.JPG Size: 72 KB
  • #12,550
  • Feb 20, 2009 12:45pm Feb 20, 2009 12:45pm
Quoting gsgg
I LOVE this game
Fantastic trade!!
Wish I was on the short bus with you...
See ya next trade!
  • #12,551
  • Feb 20, 2009 1:32pm Feb 20, 2009 1:32pm
Quoting dwildes
Fantastic trade!!
Wish I was on the short bus with you...
See ya next trade!
Closed my orders on the initial drop to 93.30s, should have never looked cause my TP would have hit under 93 lol. Oh well, no longer under water so I can relax now.
  • #12,552
  • Feb 20, 2009 1:45pm Feb 20, 2009 1:45pm
Quoting forextine
Closed my orders on the initial drop to 93.30s, should have never looked cause my TP would have hit under 93 lol. Oh well, no longer under water so I can relax now.
Exactly!
You'd feel horrible if price would have shot back up, which is just have easily could have done. Consider it your out-of-jail free card. Nice way to end the week with all your money back, right?

The great thing with forex is there are unlimited setups. I'm waiting for the next one. You can't worry about what 'could have been'. I'm sure there are folks kicking themselves for 'buying' up there at the top.
  • #12,553
  • Feb 20, 2009 1:52pm Feb 20, 2009 1:52pm
Quoting dwildes
Exactly!
You'd feel horrible if price would have shot back up, which is just have easily could have done. Consider it your out-of-jail free card. Nice way to end the week with all your money back, right?

The great thing with forex is there are unlimited setups. I'm waiting for the next one. You can't worry about what 'could have been'. I'm sure there are folks kicking themselves for 'buying' up there at the top.
You're right. I think there were 3 or 4 that I would have nailed perfectly if I had waited. They are always available.

Not only did I get my money back, I earned an extra 10% on it

Have a good weekend! I think I'll be sticking with UJ and probably EJ as they aren't as scary as GJ, so see ya next week
  • #12,554
  • Feb 20, 2009 2:01pm Feb 20, 2009 2:01pm
Quoting forextine
You're right. I think there were 3 or 4 that I would have nailed perfectly if I had waited. They are always available.

Not only did I get my money back, I earned an extra 10% on it

Have a good weekend! I think I'll be sticking with UJ and probably EJ as they aren't as scary as GJ, so see ya next week
10% - not bad to end the week, some would kill for 10% a month.
See ya!
  • #12,555
  • Feb 22, 2009 2:22pm Feb 22, 2009 2:22pm
Hope everyone had a great weekend. Let's make some dough this week. Oanda shows some trading but it's pretty much even so far. Considering we didn't fall off the cliff like last time at this area, maybe we're going to test the highs again.

If it gaps up I'll probably short, (depending on the size of gap and trading) or if it gaps down I'll probably go long.
  • #12,556
  • Feb 22, 2009 2:29pm Feb 22, 2009 2:29pm
Maybe a gap and little run to test high, reject and head lower! That would be ideal. Alright I'll be back in a few hours.
  • #12,557
  • Feb 22, 2009 6:23pm Feb 22, 2009 6:23pm
Support Zone here (M30) = 93.2 <> 92.9 , if down under 92.8 M30 turn DOWNTREND MODE


H1 main Support = 92.00


I am waiting HIT 92.00 to go LONG, lest see...
  • #12,558
  • Feb 22, 2009 9:39pm Feb 22, 2009 9:39pm
Charts are too messy right now with all the spikes. It'll definitely be Monday US session before I attempt any position, maybe even Tuesday. I want to see how the big 3 react to everything since only the US was mainly active during a lot of this movement.
  • #12,559
  • Feb 22, 2009 11:51pm Feb 22, 2009 11:51pm
Quoting dwildes
Charts are too messy right now with all the spikes. It'll definitely be Monday US session before I attempt any position, maybe even Tuesday. I want to see how the big 3 react to everything since only the US was mainly active during a lot of this movement.

Its monday now, please whats the update? I am a newbie here in UJ
  • #12,560
  • Feb 23, 2009 1:13am Feb 23, 2009 1:13am
Holding this 93 area pretty well. May take a small long here soon.
247 traders viewing now