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USD/JPY Discussion

  • #13,981
  • Nov 25, 2009 6:08pm Nov 25, 2009 6:08pm
Quoting cornelluva
If there are enough orders there I guess. That level has already been hit twice though so I wouldn't try to catch u/j there.
Thanks.
  • #13,982
  • Nov 25, 2009 6:26pm Nov 25, 2009 6:26pm
Quoting sed34
this pair broke major support. we are headed lower. The target of 85 before years end is still there on the daily. Major constrained indicator stands at 7.4(short):1(long). Huge numbers of people are long trying to pick the bottom.

going down.
Yea, yea... someone told that some days ago. That 4 is long and 1 short, but U/J felt and my fibonacci levels worked out.

Be careful.
  • #13,983
  • Nov 25, 2009 7:08pm Nov 25, 2009 7:08pm
Quoting Fibo_trader
Yea, yea... someone told that some days ago. That 4 is long and 1 short, but U/J felt and my fibonacci levels worked out.

Be careful.
'That 4 is long and 1 short, but U/J felt and my fibonacci levels worked out.'
Can't really understand what you meant there...I prefer to catch the train.
  • #13,984
  • Nov 25, 2009 7:12pm Nov 25, 2009 7:12pm
USDJPY short forever (+240 pips) !! position is near my target at Fibo fan, I'm not sure of closing it cos I think we will see a drop in stocks so soon and it will propel this pair beyound it formidabe low at 09.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 14 KB
  • #13,985
  • Nov 25, 2009 7:15pm Nov 25, 2009 7:15pm
i still expect new historic lows for usdjpy. my opinion is stable for months
  • #13,986
  • Nov 25, 2009 9:34pm Nov 25, 2009 9:34pm
we broke through. major stops have been tripped. go baby go!!!!
  • #13,987
  • Nov 25, 2009 9:35pm Nov 25, 2009 9:35pm
Quoting Kas1
If I had the cap space, I'd take another short at 87.32, 84.50 target
I had some cap free up, but it looks like i missed this move at the moment...pending order is in
  • #13,988
  • Nov 25, 2009 10:15pm Nov 25, 2009 10:15pm
I'm betting on a recovery...Is anyone else long right now? I just can't believe that this trend will continue much longer.
  • #13,989
  • Nov 25, 2009 10:40pm Nov 25, 2009 10:40pm
Quoting bbfss2006
I'm betting on a recovery...Is anyone else long right now? I just can't believe that this trend will continue much longer.
Not sure if you mean a bit of a retrace in the next hours, but I'd expect a definite trend to 80. As (not if) the US becomes further unravelled, S&P goes down, equities come back to reality & gold continues up, the 1994/95 low of 79.7x will be tested; maybe not this year, but 1Q/2Q10.
  • #13,990
  • Nov 25, 2009 10:53pm Nov 25, 2009 10:53pm
Exactly, I was referring to a possible retrace for those trading 1H charts in response to the past 24 hours or so. For those trading daily charts I think you are right. I believe the general trend will be down for the next 3 - 6 months.
  • #13,991
  • Nov 25, 2009 10:55pm Nov 25, 2009 10:55pm
Quoting bbfss2006
I'm betting on a recovery...Is anyone else long right now? I just can't believe that this trend will continue much longer.
go for it. everybody else is long which is why shorts are winning. I'm short. Who says the trend has to stop? This is the lowest this pair has been in 10+ years.
  • #13,992
  • Nov 25, 2009 11:34pm Nov 25, 2009 11:34pm
Quoting bbfss2006
I'm betting on a recovery...Is anyone else long right now? I just can't believe that this trend will continue much longer.

usd/jpy >>>major support is broken at 87, next one is 80 so why would anyone go long?
remember>>>> Trend is your friend !!!!!!!!!


blforex
  • #13,993
  • Nov 26, 2009 12:31am Nov 26, 2009 12:31am
Quoting sed34
go for it. everybody else is long which is why shorts are winning. I'm short. Who says the trend has to stop? This is the lowest this pair has been in 10+ years.
I am trying a long with a small lot, but this looks scary.....

MOJ is monitoring, that probably translated from japanese into english means we don't intervene at these levels, and USD crashes more

long at 86,58 with stop at entry
  • #13,994
  • Nov 26, 2009 6:27am Nov 26, 2009 6:27am
never anticipated this free fall ...

as a trader, have to follow Mr.Market ....

happy for those who have shorted ...
  • #13,995
  • Edited 8:34am Nov 26, 2009 8:34am | Edited 8:34am
yea. jpy is generous last days
  • #13,996
  • Nov 26, 2009 9:27am Nov 26, 2009 9:27am
Quoting cannarek
yea. jpy is generous last days
Very.
  • #13,997
  • Nov 26, 2009 9:36am Nov 26, 2009 9:36am
closed one long with small profit

I have a small lot at 86,52

will add close to today's low at 86,30 just in case and reverse to short if it breaks that low

I don't expect that to happen, but never say never with this jpy...
  • #13,998
  • Nov 26, 2009 9:41am Nov 26, 2009 9:41am
Good thing I was trading a demo account . I read somewhere that if you take a big loss you should always figure out why it happened and correct it in the future. I was betting that the market would hold at October 7-8ths resistance level. Does anyone know why it fell of the face of the earth?
  • #13,999
  • Nov 26, 2009 9:41am Nov 26, 2009 9:41am
Quoting fammira
closed one long with small profit

I have a small lot at 86,52

will add close to today's low at 86,30 just in case and reverse to short if it breaks that low

I don't expect that to happen, but never say never with this jpy...
i try also to open long @ 86.32 Level, with 20 SL, if 86.30 break then next level 85.4 > 84.25
  • #14,000
  • Nov 26, 2009 11:09am Nov 26, 2009 11:09am
Quoting bbfss2006
Good thing I was trading a demo account . I read somewhere that if you take a big loss you should always figure out why it happened and correct it in the future. I was betting that the market would hold at October 7-8ths resistance level. Does anyone know why it fell of the face of the earth?
...lowest levels in a long time. Trend is your buddy til it gets muddy.
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