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USD/JPY Discussion

  • #13,341
  • Oct 12, 2009 7:33pm Oct 12, 2009 7:33pm
you can do all the technicals you want. It is still a very indecisive pair to me. it seems like it is coiling up for a move. Very quiet. it can ski rocket or plummet in the next hour.

i'm long btw.
  • #13,342
  • Oct 12, 2009 7:34pm Oct 12, 2009 7:34pm
Looks like a bear flag to me on the 8 hr chart. With all the talk about currency reserves going out of USD and into Yen and Euros this pair is probably going to target 88 before any BOJ intervention. Currently short since 90.03.
  • #13,343
  • Oct 12, 2009 7:35pm Oct 12, 2009 7:35pm
Quoting sed34
you can do all the technicals you want. It is still a very indecisive pair to me. it seems like it is coiling up for a move. Very quiet. it can ski rocket or plummet in the next hour.

i'm long btw.
Indecision is simply a lack of volume. VSA indicates accumulation above 80.6 and below 80.7. Long also.
  • #13,344
  • Oct 12, 2009 7:42pm Oct 12, 2009 7:42pm
Quoting vic_elc
You still long , or your are short ??? am confused in here also , why today looks tough unlike yesterday it was like a cream hehe

cheer mate
Exited shorts from 89.769 at +2 and now long from 89.735 with SL at 89.6
  • #13,345
  • Oct 12, 2009 7:46pm Oct 12, 2009 7:46pm
Long finger crossed

i think the price is supported

hope the Japanese will make it today again
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  • #13,346
  • Oct 12, 2009 7:55pm Oct 12, 2009 7:55pm
Quoting vic_elc
Long finger crossed

i think the price is supported

hope the Japanese will make it today again
There are definitely sells at 90 flat so the price will probably try to go there to test supply. No supply + continued demand = we rise. Supply + no demand = we fall.
  • #13,347
  • Oct 12, 2009 7:55pm Oct 12, 2009 7:55pm
Let's see if this 1h can close over 75.

Keep in mind we are still into the bearish down channel.... whit the lower trendline lying just under the price.

Exiting this triangle should solve the question.

Let's wait!
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  • #13,348
  • Oct 12, 2009 8:01pm Oct 12, 2009 8:01pm
Quoting Inzider
Let's see if this 1h can close over 75.

Exiting this triangle should solve the question.

Let's wait!
You can wait, I see buying and have been long for an hour.
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  • #13,349
  • Oct 12, 2009 8:04pm Oct 12, 2009 8:04pm
Quoting Inzider
Exiting this triangle should solve the question.

Let's wait!
i think we got our answer now , we are out from it
  • #13,350
  • Oct 12, 2009 8:06pm Oct 12, 2009 8:06pm
Ok guys I have a meeting, back before long, crucial level to break H1 distribution pattern would be H1 close over 89.871
  • #13,351
  • Oct 12, 2009 8:08pm Oct 12, 2009 8:08pm
Quoting sinner-
There are definitely sells at 90 flat so the price will probably try to go there to test supply. No supply + continued demand = we rise. Supply + no demand = we fall.
i wish i can see this 4hrs candle close above 89.90 ,i think we will be in the free fly range , at least this is what i wish hehe
cheers
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  • #13,352
  • Oct 12, 2009 8:10pm Oct 12, 2009 8:10pm
Quoting vic_elc
i think we got our answer now , we are out from it
1h or 4h close over upper trendline will motivate me.
Still flat!

------------

Sometimes you only see what you want to see, and miss the rest!
Last 15 bar is a pin whit high volume...
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  • #13,353
  • Oct 12, 2009 8:19pm Oct 12, 2009 8:19pm
U/J is the highest volume traded pair of the majors so far today, tripling the current G/U volume. Something is happening, and it will happen today I think.

Liquidity providers are still net short, so my bias still down even though I want it to go up. Lightened my longs at 89.865 on high volume up bar, still holding a few longs but SL at BE now.
  • #13,354
  • Oct 12, 2009 8:29pm Oct 12, 2009 8:29pm
long since 89.77
  • #13,355
  • Oct 12, 2009 8:30pm Oct 12, 2009 8:30pm
supposedly, if it flies upwards, is there any price taking point? or is it a long-term hold on this pair? any thoughts anyone?

also, another thing is, if this pair were to go skydiving, should we hold out or cut loss? since its really near its multi year low already? could dollar yen break thru its multi-year lows?

could use some help from the gurus here..
  • #13,356
  • Oct 12, 2009 8:32pm Oct 12, 2009 8:32pm
Quoting lyy.sg
supposedly, if it flies upwards, is there any price taking point? or is it a long-term hold on this pair? any thoughts anyone?

also, another thing is, if this pair were to go skydiving, should we hold out or cut loss? since its really near its multi year low already? could dollar yen break thru its multi-year lows?

could use some help from the gurus here..
There is no long term hold for buys until we are in an established uptrend on the daily: higher highs and higher lows. That is it.

As for cutting your loss, use your brain.
  • #13,357
  • Oct 12, 2009 8:49pm Oct 12, 2009 8:49pm
Quoting lyy.sg
supposedly, if it flies upwards, is there any price taking point? or is it a long-term hold on this pair? any thoughts anyone?

also, another thing is, if this pair were to go skydiving, should we hold out or cut loss? since its really near its multi year low already? could dollar yen break thru its multi-year lows?

could use some help from the gurus here..
90 is the psych level. you can take profits there. i think it could go to 90.50. It almost reached it earlier today. so 90 wasn't that big of resistance. make your own decisions based on your risk level.
  • #13,358
  • Oct 12, 2009 9:51pm Oct 12, 2009 9:51pm
UJ one hour chart says that is in consolidation now between 89.99 and 89.58
  • #13,359
  • Oct 12, 2009 9:59pm Oct 12, 2009 9:59pm
Good Morning Folks!!


Quoting TheArcher
UJ one hour chart says that is in consolidation now between 89.99 and 89.58
Absolutely! The 1H, 30M are showing consolidation while 4H is bearish! I think its flat at the moment and ain't easy to predict which way it will go. Maybe London opening will give us the direction!! Lets c!!
  • #13,360
  • Edited 10:03pm Oct 12, 2009 10:01pm | Edited 10:03pm
DEMO TRADE :

ok , keyyed in for scalping

sell:

open price 89.77

target price : 89.58
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