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USD/JPY Discussion

  • #13,421
  • Oct 13, 2009 3:25pm Oct 13, 2009 3:25pm
Quoting Inzider
Blue square are Volume extremes bars in last 3 days.....
All up bars, at higher levels!

Have a look!

Again, I can be wrong, but reading this make me think...

Just to tell u .. price will come to ur stop loss ..

because :

First - Market flow on 4h turn to sell zone
Second - 1h macd is sell siglnal and insame flow is down
3 reson - on price 89.90 is 4 reasons for sell (daily pivot , fibo 61% A_B , overlap fibo 36% insame poit that A_B 61% , than 89.88 is big resistance from ex support / resistance ..

Usd/jpy price will go down to 89.34 than ... last support for retrace is 89.00..

U will see I hope i help u with my post
  • #13,422
  • Oct 13, 2009 3:32pm Oct 13, 2009 3:32pm
Quoting llUkc
Just to tell u .. price will come to ur stop loss ..



Thx for your post!
I was looking at reverse position of mine and what you say make sens.

I can see that AB=CD is falling exacly at 89.35 as 1.27 at 89.12.
Also, we are about to clean the bar I was talking about.

This is all little size position and will cut under 50 if broken.

Thx again!
  • #13,423
  • Oct 13, 2009 3:36pm Oct 13, 2009 3:36pm
This is what Im seeing. We have 2 channels on daily chart, a huge one and a smaller one within the huge one. Everything seems to point that we should go up to around 93 before another nice fall. But until we get there Im trading whatever I see on shorter time frames 1hr-4 hr. Right now I see a small downward channel where I shorted right at the top and am waiting to see if it makes a lower low or if it reverses and goes back up. If price goes above 89.83, Im closing out my trade, otherwise I'll wait til around 89.40-50. Here's my chart.
Attached Image (click to enlarge)
Click to Enlarge Name: uj 13 oct.jpg Size: 97 KB
On a journey to consistency.
  • #13,424
  • Oct 13, 2009 4:09pm Oct 13, 2009 4:09pm
On the daily chart, today is making out to be another consecutive red candle from yesterday. Yesterday's candle broke, but didn't close above 90; and today's candle broke but will most likely not close above 90 ( 3 hrs left, low volume). People espousing a bull charge need to check their premises, as the long term price action appears to still be bearish. On top of that, we have an overbought stochastic, with imminent downward cross. Unless we see a break and close above 90, and a consecutive new high the following day, I dare say we are still in the downtrend.
Attached Image (click to enlarge)
Click to Enlarge Name: 9_2_200912 usd_jpy.gif Size: 49 KB
  • #13,425
  • Oct 13, 2009 4:19pm Oct 13, 2009 4:19pm
Tomorrow is a big news day as well, look at where price action is in the channel, and see what's on the agenda tomorrow. It will either break or make this channel. Don't be surprised if we see a move into low 88s tomorrow morning. That big spike we had @ 18:00 (2:00 PM EST) should be indication of the big boys positioning. Somebody bumped up the market to get out of their old longs. Anything held around 89.50 probably had their profit targets hit, and they hit a lot of the "new" traders stop losses up to 90.05. Tomorrow has all the trappings of a bear spiral. We have what would appear to be continued bad news out of US, a tested and unbroken down channel, stochs ready to go down, with MACD positioning to tank, the cherry on top being this market manipulation around lunch time!
  • #13,426
  • Oct 13, 2009 5:02pm Oct 13, 2009 5:02pm
I was wondering was that spike was about since it happen in alot of different pairs at the same time. Very strange.

Quoting rainingpips
Tomorrow is a big news day as well, look at where price action is in the channel, and see what's on the agenda tomorrow....
  • #13,427
  • Oct 13, 2009 8:32pm Oct 13, 2009 8:32pm
who's going long at 89.50?
  • #13,428
  • Oct 13, 2009 8:53pm Oct 13, 2009 8:53pm
good thing i didn't take it. i'm really starting to dislike this pair. so indecisive. i'm moving back the the E/U thread.
  • #13,429
  • Oct 13, 2009 8:55pm Oct 13, 2009 8:55pm
saw my short was filled at 89.85. JUst closed it and will look to re-enter short on any retrace from 89.22.
  • #13,430
  • Oct 13, 2009 9:42pm Oct 13, 2009 9:42pm
here is a chart to show what I am trading. UJ looks to be in final C wave down.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 10-13.JPG Size: 108 KB
  • #13,431
  • Oct 13, 2009 10:15pm Oct 13, 2009 10:15pm
Good Morning All!!

I'm long from 89.20 and my TP is 89.90 !
  • #13,432
  • Oct 13, 2009 10:28pm Oct 13, 2009 10:28pm
tiger howwas ur longs yesterday? u cut loss already?
  • #13,433
  • Oct 13, 2009 10:41pm Oct 13, 2009 10:41pm
Looking to buy UJ @ 88.84 /69 / 52 zone
Attached Image (click to enlarge)
Click to Enlarge Name: x.jpg Size: 120 KB
  • #13,434
  • Edited Oct 14, 2009 12:05am Oct 13, 2009 11:36pm | Edited Oct 14, 2009 12:05am
Quoting llUkc
Just to tell u .. price will come to ur stop loss ..

because :

First - Market flow on 4h turn to sell zone
Second - 1h macd is sell siglnal and insame flow is down
3 reson - on price 89.90 is 4 reasons for sell (daily pivot , fibo 61% A_B , overlap fibo 36% insame poit that A_B 61% , than 89.88 is big resistance from ex support / resistance ..

Usd/jpy price will go down to 89.34 than ... last support for retrace is 89.00..

U will see I hope i help u with my post

just logged in. read through the posts. found this one to be similar to my thoughts.

may aim for channel support at 88.50 on 4hr chart (currently at 88.93) after consolidating

caveat emptor
  • #13,435
  • Oct 13, 2009 11:43pm Oct 13, 2009 11:43pm
I kinda hope no one else is considering going long on this pair still. US news will most likely be rocky in the morning, sending this pair into the low 88s, we're already @ 88.90.
  • #13,436
  • Oct 14, 2009 12:04am Oct 14, 2009 12:04am
Your chart is looking good so far.

Quoting swiftpip
here is a chart to show what I am trading. UJ looks to be in final C wave down.
  • #13,437
  • Oct 14, 2009 12:15am Oct 14, 2009 12:15am
So is UJ a buy or a sell? :-)
  • #13,438
  • Oct 14, 2009 12:31am Oct 14, 2009 12:31am
Quoting Forextrader4
So is UJ a buy or a sell? :-)

at this point in time , I am watching the charts for a signal.

its taking a breather along fibo61.8 on the 4hr chart

let the charts tell me what to do .

  • #13,439
  • Oct 14, 2009 1:00am Oct 14, 2009 1:00am
im still holding on to my long.. this is gonna be a long long journey for me..
  • #13,440
  • Oct 14, 2009 1:11am Oct 14, 2009 1:11am
i bought at 89.01 tp 89.60 =]
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