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USD/JPY Discussion

  • #13,821
  • Nov 10, 2009 7:11pm Nov 10, 2009 7:11pm
Quoting TheArcher
curious to know ur interpretation ... if u don't mind ...

I saw price close below my daily -25% support level across all of my used time frames. To me this signals that price is more likely to head downwards. However it needs to come back up a little for me to get in. I may close the pending before it does.
  • #13,822
  • Nov 10, 2009 7:14pm Nov 10, 2009 7:14pm
Quoting citrusvtk
89.35 is strong fibo line...i think this is limit to down...and revert to long...what everybody think ???
I think there is some support around 89497 and 89435. To early for me to say if it is the end of the down move. Could just be the start really.
  • #13,823
  • Nov 10, 2009 7:14pm Nov 10, 2009 7:14pm
Quoting citrusvtk
89.35 is strong fibo line...??
which fibo ? on which timeframe ?
  • #13,824
  • Nov 10, 2009 7:24pm Nov 10, 2009 7:24pm
my take is downward bias . i am not in top gear today . many things on mind , so i'll just stay on the sidelines ... yes , when in doubt stay out ...



http://i33.tinypic.com/66k8sg.jpg
  • #13,825
  • Nov 10, 2009 7:32pm Nov 10, 2009 7:32pm
Quoting Kas1
I saw price close below my daily -25% support level across all of my used time frames. To me this signals that price is more likely to head downwards. However it needs to come back up a little for me to get in. I may close the pending before it does.
thank you for ur reply

however , i don't quite get what u are saying .. anyway thank you

  • #13,826
  • Nov 10, 2009 7:43pm Nov 10, 2009 7:43pm
Quoting TheArcher
thank you for ur reply

however , i don't quite get what u are saying .. anyway thank you


IT MEANS...nobody can be sure when their set up criterias are not 100% met.
  • #13,827
  • Nov 10, 2009 7:45pm Nov 10, 2009 7:45pm
Quoting TheArcher
my take is downward bias . i am not in top gear today . many things on mind , so i'll just stay on the sidelines ... yes , when in doubt stay out ...


You are correct. That is why i try and keep everything as systematic as possible. Emotions mean less at that point because you are following a strict set of guidelines. If you are not following your rules, you know that emotion is creeping in. Discretionary traders must control discipline more then a systematic trader. You cannot win many battles when you have fear or anger. My thoughts.
  • #13,828
  • Nov 10, 2009 7:46pm Nov 10, 2009 7:46pm
http://i33.tinypic.com/2chqsqs.jpg
  • #13,829
  • Nov 10, 2009 7:52pm Nov 10, 2009 7:52pm
got to go now ...

trade well , friends ..

  • #13,830
  • Nov 10, 2009 8:13pm Nov 10, 2009 8:13pm
what everybody think about uj what price the down stop ?
  • #13,831
  • Nov 10, 2009 8:17pm Nov 10, 2009 8:17pm
Quoting citrusvtk
what everybody think about uj what price the down stop ?
I think we could see 88947 if the move wants to continue by the end of today...my pending hasn't been hit.
  • #13,832
  • Nov 10, 2009 8:42pm Nov 10, 2009 8:42pm
Quoting Kas1
I think we could see 88947 if the move wants to continue by the end of today...my pending hasn't been hit.
thank you...
  • #13,833
  • Nov 10, 2009 9:04pm Nov 10, 2009 9:04pm
Looks like i missed the train on this one. Pending order stays in. I'm still waiting at the station.
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  • #13,834
  • Nov 10, 2009 10:12pm Nov 10, 2009 10:12pm
Pending order was hit...I'm in at 89749
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  • #13,835
  • Nov 10, 2009 10:37pm Nov 10, 2009 10:37pm
Quoting Kas1
Pending order was hit...I'm in at 89749
I'm net short this pair as well, however I doubt we'll see a major drop today as far as 88.XX's. This week in general has been rather nonvolatile, with most days closing down a few pips (with the daily average going down to 71 pips high to low). This is not to say this pair isn't headed down into the murky depths, but volatility seems just not to be present this week, today might prove differently.
  • #13,836
  • Nov 10, 2009 10:44pm Nov 10, 2009 10:44pm
Quoting rainingpips
I'm net short this pair as well, however I doubt we'll see a major drop today as far as 88.XX's. This week in general has been rather nonvolatile, with most days closing down a few pips (with the daily average going down to 71 pips high to low). This is not to say this pair isn't headed down into the murky depths, but volatility seems just not to be present this week, today might prove differently.
Agreed. Volatility could pick up at any time. If i don't see any signs of a move down by tomorrow open, I'm going to close the position. This week has been slow for me as well. Just means there is pressure building...
  • #13,837
  • Nov 10, 2009 10:52pm Nov 10, 2009 10:52pm
Just thought I'd mention this again to anyone bullish on this pair, but many of the Japanese funds and economists are predicting a slide into 70-65 territory by mid next year. I posted an article earlier in the thread. That's about 2000 pips depending on how you slice it. It's going to be interesting to see what happens, as BOTH countries are experiencing a currency crisis; as opposed to when the Japs had their big problem back in the 80s and the U.S. dollar was relatively strong. Thoughts?
  • #13,838
  • Nov 10, 2009 11:10pm Nov 10, 2009 11:10pm
Quoting rainingpips
Just thought I'd mention this again to anyone bullish on this pair, but many of the Japanese funds and economists are predicting a slide into 70-65 territory by mid next year. I posted an article earlier in the thread. That's about 2000 pips depending on how you slice it. It's going to be interesting to see what happens, as BOTH countries are experiencing a currency crisis; as opposed to when the Japs had their big problem back in the 80s and the U.S. dollar was relatively strong. Thoughts?
From a longer term perspective, I'd say if this pair wants to continue on the down channel that it has been in, it could hit that point by April/May next year...
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  • #13,839
  • Nov 11, 2009 12:30am Nov 11, 2009 12:30am
89.90 will b shorting
  • #13,840
  • Edited 2:00am Nov 11, 2009 1:44am | Edited 2:00am
[quote=rainingpips;3223876]I posted an article earlier in the thread. That's about 2000 pips depending on how you slice it.

care to refer to the posting ... ?

It's going to be interesting to see what happens, as BOTH countries are experiencing a currency crisis; as opposed to when the Japs had their big problem back in the 80s and the U.S. dollar was relatively strong. Thoughts?

very interesting thoughts ...
quote]

off hand ... first thoughts ...creativity,imagination,innovation vs disciplined labour .... simply put ... brain vs brawn .... which will prevail ...? .... interesting debate topic ...
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