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USD/JPY Discussion

  • #13,141
  • Aug 30, 2009 8:51pm Aug 30, 2009 8:51pm
Well guys my target just got hit (140 pips) so I am out until London
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  • #13,142
  • Aug 30, 2009 9:29pm Aug 30, 2009 9:29pm
wow it completely blew through 93.25. I bought a large order there and now I'm like 50 pips in the hole. I absolutely did not see that happening.
  • #13,143
  • Aug 30, 2009 9:38pm Aug 30, 2009 9:38pm
Quoting OleMiss
wow it completely blew through 93.25. I bought a large order there and now I'm like 50 pips in the hole. I absolutely did not see that happening.
I would just hold it a bit more since it just hit the 161.8 it should retrace at least to 93.17 or so maybe even 93.30 But after that we should be going down again.
  • #13,144
  • Aug 30, 2009 11:11pm Aug 30, 2009 11:11pm
Quoting ak47dan2004
I would just hold it a bit more since it just hit the 161.8 it should retrace at least to 93.17 or so maybe even 93.30 But after that we should be going down again.
yeah I'm going to hold on, its flattened out now and I'm hoping it will bounce off the 9260 support level. If it breaks that this thing is going to the floor.
  • #13,145
  • Aug 31, 2009 3:41am Aug 31, 2009 3:41am
someone see the big spike down last night? ( i see big spike down on oanda to.. uj 55)
  • #13,146
  • Aug 31, 2009 8:56am Aug 31, 2009 8:56am
Quoting Nud
someone see the big spike down last night? ( i see big spike down on oanda to.. uj 55)
They corrected it and restored previous conditions
The only way to get smarter is by playing a smarter opponent.
  • #13,147
  • Aug 31, 2009 9:49am Aug 31, 2009 9:49am
Latest Helpful Chart In Order To make Decision In September !
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  • #13,148
  • Aug 31, 2009 9:18pm Aug 31, 2009 9:18pm
Quoting OleMiss
yeah I'm going to hold on, its flattened out now and I'm hoping it will bounce off the 9260 support level. If it breaks that this thing is going to the floor.
Hey there I was just wondering how the trade went were you able t get out without a loss. Hopefully you shorted it after it hit 93.30 because it went down like 60 pips.
  • #13,149
  • Edited 2:28pm Sep 2, 2009 2:19pm | Edited 2:28pm
break or retrace?

monthly support tested, why so serious?

I guess it has to do more with that gov't change than with the US stocks... A taifun is also hovering over there these days;

definitely Japan needs some cheer..
"Everybody needs money. That's why they call it money" - Danny De Vito
  • #13,150
  • Sep 2, 2009 3:08pm Sep 2, 2009 3:08pm
Quoting ak47dan2004
Hey there I was just wondering how the trade went were you able t get out without a loss. Hopefully you shorted it after it hit 93.30 because it went down like 60 pips.
yeah I made like 3 or 4 pips and I got out. I'm just glad I stuck with it because that was an enormous candle down. I missed the short though because I usually trade the eurusd exclusively.
  • #13,151
  • Sep 2, 2009 3:10pm Sep 2, 2009 3:10pm
I'd look for a possible retrace after this downtrend. Stoch. and MACD are both showing oversold conditions (http://www.forexpros.com/currencies/usd-jpy-technical)

I'd look for a little retrace, possibly up to the S2 pivot again, and then continuing downward. Unemployment claims should be bad for US tomorrow, look for the continued red candles.
  • #13,152
  • Sep 2, 2009 3:12pm Sep 2, 2009 3:12pm
dont think usd/jpy will fall down again cos USA got some real good datas on economy ..so we just need to wait to see how $/jpy could rise up!
i think 92,20 is a good time to buy cos it's gonna rise for sure and u ll gain for sure!
let's see wut happen!!!
  • #13,153
  • Sep 2, 2009 3:33pm Sep 2, 2009 3:33pm
i think it going lower. 91.75 is the next target.
  • #13,154
  • Sep 2, 2009 3:58pm Sep 2, 2009 3:58pm
Quoting sed34
i think it going lower. 91.75 is the next target.
The next support pivot (S3) is at 91.94. That is the next "target." Price action will probably not stray far from where it is now for the next few hours. Look for price to open "tomorrow" under pivot, we'll see what happens after the open.
  • #13,155
  • Sep 2, 2009 4:48pm Sep 2, 2009 4:48pm
Quoting rainingpips
The next support pivot (S3) is at 91.94. That is the next "target." Price action will probably not stray far from where it is now for the next few hours. Look for price to open "tomorrow" under pivot, we'll see what happens after the open.
price has already closed. I'm using ny close EST. Support 1 is at 91.85.
  • #13,156
  • Sep 2, 2009 5:23pm Sep 2, 2009 5:23pm
Quoting sed34
price has already closed. I'm using ny close EST. Support 1 is at 91.85.
I have IFBX, with the THV pivots. The "new day" begins @ 8:00 PM EST, which is Greenwich Mean Time minus 4 hours (12:00 AM, Thursday). I've never noticed price really testing levels during this time though, so I don't take into account other time zones' pivots; they are on the whole fairly similar ( < 10 pips)
  • #13,157
  • Sep 2, 2009 8:41pm Sep 2, 2009 8:41pm
I believe that price is fairly overbought right now in relation to the 60 MA, and the MACD confirms this sentiment. I'm seeing a move back toward the pivot before we see another plunge come the Unemployment announcement @ 8:30 AM. This is plenty of time for some 5+ pip candles to test the Daily pivot line. I'm fairly certain that unemployment claims will be more than expected, but can't really put a number on it. States unemployment claims have been rising steadily though; so it would be silly to think they will have all of a sudden reversed in trend.
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  • #13,158
  • Sep 2, 2009 8:56pm Sep 2, 2009 8:56pm
was just thinking the same thing myself. visit to pivot before another drop.
  • #13,159
  • Sep 3, 2009 1:45am Sep 3, 2009 1:45am
Quoting sed34
i think it going lower. 91.75 is the next target.

at 8:40 a.m. with Asian mkl (+) and last good news on USA economy $/jpy get back over 92,40..
a (+) European mkts and a probably USA (+) mkts ..$ should get stronger..and with the following news (*)
14:30 USDhttp://cdn.forexfactory.com/images/m...mpact_high.gifUnemployment Claims
16:00 USDhttp://cdn.forexfactory.com/images/m...mpact_high.gifISM Non-Manufacturing PMI

$ should get stronger

Let's see wut happen!! my idea is : $ -----> 93 or upper!
  • #13,160
  • Sep 3, 2009 6:34am Sep 3, 2009 6:34am
Here are my power levels for this pair. These can be traded for +20/-20 at a time. Be careful if price touches the levels too often.

Will post more next week. Good luck!
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