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USD/JPY Discussion

  • #13,561
  • Oct 18, 2009 8:54pm Oct 18, 2009 8:54pm
Let's see if USD is gonna be this week's winner too.
  • #13,562
  • Oct 19, 2009 1:08am Oct 19, 2009 1:08am
Not much news today, other than Bernake propagandizing economic recover and dollar safety. We're still in the downtrend (1 hrly) from last friday, with price failing to break above the daily pivot twice already. However I will say that PA failed to close below last Friday's lowest closing candle (approx. 90.72); and bounced back up near the daily pivot. Thoughts on the continuing downtrend or a reversal? Seems we're stuck between about 90.90 and MS1 (90.77).
  • #13,563
  • Oct 19, 2009 2:04am Oct 19, 2009 2:04am
Good Morning Folks!! Hope you all are doing great.

Well the Daily & 4H are still very bearish and it has lost the momentum it gained on the upward side on Thurday/Friday. SO we are heading south with this pair. To me, 90.65 & then 90.50 are very important numbers, if it drops below this level then we might see it going back to 89 & below that level.

I'm waiting for a better short signal therefore not trading at the moment!
  • #13,564
  • Oct 19, 2009 2:08am Oct 19, 2009 2:08am
Quoting Pak Tiger
Good Morning Folks!! Hope you all are doing great.

Well the Daily & 4H are still very bearish and it has lost the momentum it gained on the upward side on Thurday/Friday. SO we are heading south with this pair. To me, 90.65 & then 90.50 are very important numbers, if it drops below this level then we might see it going back to 89 & below that level.

I'm waiting for a better short signal therefore not trading at the moment!
I echo your sentiments on finding a better signal; we are stalling at S1 I believe due to the hourly and 15m stochastics being oversold. I went short @ MS1 and got out a little before S1, but I'm going to wait until we get back into the low 40s or 50s in stochastics before going short again. That was a pretty big dive down from MS1 to S1, interesting to see if there is a retracement attempt. We'll be riding technicals the whole day if nothing crazy happens in the news. New hourly candle looks like it might retrace up to 90.70.
  • #13,565
  • Edited 2:45am Oct 19, 2009 2:42am | Edited 2:45am
hi traders,

i just missed 3 long signals in 5mins earlier , but went long just now 1.4938
  • #13,566
  • Oct 19, 2009 2:43am Oct 19, 2009 2:43am
up against resistance now @ 1.4950
  • #13,567
  • Oct 19, 2009 2:45am Oct 19, 2009 2:45am
Quoting sunshine
up against resistance now @ 1.4950

Hey! Which pair are you talking about? Maybe its Eur/Usd that you are discussing but its a USD/JPY thread :-)
  • #13,568
  • Oct 19, 2009 2:46am Oct 19, 2009 2:46am
resistance now @ 1.4950
  • #13,569
  • Oct 19, 2009 2:47am Oct 19, 2009 2:47am
my apologies
  • #13,570
  • Oct 19, 2009 2:49am Oct 19, 2009 2:49am
Quoting sunshine
my apologies
No worries! Are you trading USD/JPY at the moment? What are your thoughts on it?
  • #13,571
  • Oct 19, 2009 2:56am Oct 19, 2009 2:56am
Hi Pak Tiger,

gee wizz, what a mistake in my posting on the wrong thread...

I ám trading EUR/USD at the moment, it's currently retracing against my position, i lost focus for a moment there.

as for USD/JPY... the trend and chart patterns are not as clear as the EUR/USD to me right now, so i'll refrain from giving my thoughts here, because my thoughts are likewise, not so clear on the USD/JPY pair.
  • #13,572
  • Oct 19, 2009 3:01am Oct 19, 2009 3:01am
the USD/JPY appears to me to be still gripped in a Down trend, looking at the 15min
  • #13,573
  • Oct 19, 2009 3:09am Oct 19, 2009 3:09am
JPY/USD appears to be in a Downtrend same as the Swissie,the Loonie, the Cable, the Geppy.

the EUR/USD and the Ozzie are the lone one's out,moving up but in a retracement currently which is overdue according to my charts, so i'll wait for another long signal from them. although i am only trading one of them at a time...got to keep my focus you know
  • #13,574
  • Oct 19, 2009 3:34am Oct 19, 2009 3:34am
do think 90.20/15 will be the bottom today?
  • #13,575
  • Oct 19, 2009 3:36am Oct 19, 2009 3:36am
Quoting sunshine
JPY/USD appears to be in a Downtrend same as the Swissie,the Loonie, the Cable, the Geppy.

the EUR/USD and the Ozzie are the lone one's out,moving up but in a retracement currently [color=blue]which is overdue according to my charts, so i'll wait for another...


and kiwi
  • #13,576
  • Oct 19, 2009 4:58am Oct 19, 2009 4:58am
Quoting nedal26
do think 90.20/15 will be the bottom today?
I think this is possibly the lowest for today but seems like the pair is getting bullish based on 1H chart and candlestick patterns.
  • #13,577
  • Oct 19, 2009 7:50am Oct 19, 2009 7:50am
I went long at 90.870 in asia morning session with a TP of 91.416.
  • #13,578
  • Oct 19, 2009 11:10am Oct 19, 2009 11:10am
Waiting 4h to close under 90.50 or over 90.90
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  • #13,579
  • Oct 19, 2009 4:53pm Oct 19, 2009 4:53pm
Hi guys, sorry I haven't been posting in here, trading H1 during Tokyo has become difficult for me again so have gone back to trading the E/J using VSA. Hope to rejoin you soon.
  • #13,580
  • Oct 19, 2009 7:18pm Oct 19, 2009 7:18pm
Big USD news day tomorrow, only about 12 hours away until release. Looks like we are already below the daily pivot, 13 pips down. Everyone think we might be looking at another daily bear candle?
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