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USD/JPY Discussion

  • #13,861
  • Nov 11, 2009 8:09pm Nov 11, 2009 8:09pm
Quoting rainingpips
Went short @ the pivot (89.73), TP @ 89.60. This hopefully will hit before unemployment comes out; i don't want to have open positions when that comes out. Anyone trading unemployment? Technicals still look good for inter-daily bear trend (4hrs).
i think UJ UP to 91.80 tomorrow in unemployment..
  • #13,862
  • Nov 11, 2009 8:20pm Nov 11, 2009 8:20pm
Quoting citrusvtk
i think UJ UP to 91.80 tomorrow in unemployment..
Why do you think the unemployment numbers are going to come out better than expected? 91.80?! That's 212 pips up from the open!!!
  • #13,863
  • Nov 11, 2009 8:47pm Nov 11, 2009 8:47pm
Quoting sed34
Right now the pair has hit congestion, very strong support. Its trying to decide exactly what to do.

my thoughts too
  • #13,864
  • Nov 11, 2009 8:52pm Nov 11, 2009 8:52pm
Quoting rainingpips
Why do you think the unemployment numbers are going to come out better than expected? 91.80?! That's 212 pips up from the open!!!
before the unemployment UJ go up to 90.20/90.40 in the london session...
so..after the news...in NY session...its easy to 90.40 go to 91.80..ithink
  • #13,865
  • Nov 11, 2009 9:14pm Nov 11, 2009 9:14pm
http://i37.tinypic.com/2ahcc5j.jpg
  • #13,866
  • Nov 11, 2009 9:20pm Nov 11, 2009 9:20pm
http://i34.tinypic.com/33tqro5.jpg
  • #13,867
  • Nov 11, 2009 9:25pm Nov 11, 2009 9:25pm
http://i36.tinypic.com/1zyaiaw.jpg
  • #13,868
  • Nov 12, 2009 12:40am Nov 12, 2009 12:40am
Watch for some volatile movements on these
two pairs. Anytime you have a series of ema's
compress tightly together (6-144 emas) as you
see on these two chart they will release suddenly
apart producing a breakout and good trading opp.

Dr. D.
Attached Images
  • #13,869
  • Nov 12, 2009 1:00am Nov 12, 2009 1:00am
Quoting Interceptor
Good afternoon everybody.
Hope you don't mind, but I'd really like the opinions of some seasoned UJ traders on something.
I trade my own 15 minute method purely on UJ.
It's pretty consistent as a rule(150-250 pips per month), but I've noticed over the last 2 months that watching the UJ chart is like watching paint dry in comparison with the preceding 9 or 10 months. I'm now making comparatively small profits, say 25-50 pips per month, which is pretty gruelling going.
My question is this; is UJ now, in fact, reverting back to it's more 'usual' behavior...
I've noticed the same thing. I trade the 15 min and 1 hour charts exclusively on USD/YEN and was consistently doing similiar number of pips but this whole week I have made what I would normally do in a day. I think the currency is in a period where it is moving sideways with very little volatility (based on daily chart). But generally speaking, the market will start to trend after a sideways move. Just don't know when.

However, this only happened to me this week.
  • #13,870
  • Nov 12, 2009 1:09am Nov 12, 2009 1:09am
I think you may wait till next monday wait and look the price will have gap ...opening new day... good luck..
  • #13,871
  • Nov 12, 2009 3:25am Nov 12, 2009 3:25am
Quoting moneylovesme
I've noticed the same thing. I trade the 15 min and 1 hour charts exclusively on USD/YEN and was consistently doing similiar number of pips but this whole week I have made what I would normally do in a day. I think the currency is in a period where it is moving sideways with very little volatility (based on daily chart). But generally speaking, the market will start to trend after a sideways move. Just don't know when.

However, this only happened to me this week.
Hi
If life returns to this pair, then I'm thinking that being able to trade it without drawdown during a sideways market is actually good news.
My fear is that the current level of volatility is the new 'normal'.
Cheers.
  • #13,872
  • Nov 12, 2009 4:11am Nov 12, 2009 4:11am
break out la....boring
  • #13,873
  • Nov 12, 2009 7:13am Nov 12, 2009 7:13am
Quoting meje
break out la....boring
  • #13,874
  • Nov 12, 2009 8:35am Nov 12, 2009 8:35am
UJ dont back to 89.80 anymore ?
what everybody think ?
thank you.
  • #13,875
  • Nov 12, 2009 9:31am Nov 12, 2009 9:31am
I see only this, so I'm short now. TP 90.05, SL 90.70, but looks that I will change it to 90.60 or close possition when price will back to 90.40, becouse speaches is coming.

Maybe I'm wrong, becouse news release was good for USD. So I open only half of possition.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 3h fibo.gif Size: 41 KB
  • #13,876
  • Edited 2:24pm Nov 12, 2009 1:47pm | Edited 2:24pm
Im in short from 90.50 and 90.40. Looks that I will stay till 90.20. You can see my fibo picture that is 2 posts ago.

Update: Now I move my SL to 90.45, becouse looks that in other pairs USD getting stronger and maybe this fibo will not work. But FED budget is good nows for short. So maybe other trader can give his opinion.

citrusvtk, you have short from that or what? =)
  • #13,877
  • Nov 12, 2009 9:45pm Nov 12, 2009 9:45pm
last night played the news on demo :

buy 90.19 to 90.39 for +20 pips

gain: +20pips
  • #13,878
  • Nov 12, 2009 10:13pm Nov 12, 2009 10:13pm
http://i33.tinypic.com/zjc4s1.jpg


i am thinking of gently drift downwards to/near 89.70 if break 90.18

or sideways about 90.18 till Trade Balance news
  • #13,879
  • Nov 12, 2009 10:26pm Nov 12, 2009 10:26pm
Quoting TheArcher

i am thinking of gently drift downwards to/near 89.70 if break 90.18

or sideways about 90.18 till Trade Balance news
I went short at 90.20...I could see 89.79 happening unless there is a sign of reversal for me...I mite just get out in a few hours.
  • #13,880
  • Nov 12, 2009 10:42pm Nov 12, 2009 10:42pm
Quoting TheArcher
http://i33.tinypic.com/zjc4s1.jpg


i am thinking of gently drift downwards to/near 89.70 if break 90.18

or sideways about 90.18 till Trade Balance news
we'll see. 90.18 is resistance turned support. Right now its holding. London will decide where it goes.
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