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USD/JPY Discussion

  • #14,021
  • Dec 1, 2009 12:49am Dec 1, 2009 12:49am
japan is being a b!@#h right now.

Be careful. It seems like they don't know what the hell they are going to do. One minute its up, then the next down.
  • #14,022
  • Dec 1, 2009 9:11am Dec 1, 2009 9:11am
Was almost taken out around 87.55 but was able to hang in...so far
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  • #14,023
  • Dec 1, 2009 9:18am Dec 1, 2009 9:18am
Quoting rolandchan
USD-YEN isgoing to burst up few hundred pips from current level soon
why do u say that ..?
  • #14,024
  • Dec 1, 2009 9:22am Dec 1, 2009 9:22am
BOJ is not match for smart money...there is no reason for USD to go up...
The Market pays you to be disciplined
  • #14,025
  • Dec 1, 2009 3:23pm Dec 1, 2009 3:23pm
Quoting sed34
japan is being a b!@#h right now.

Be careful. It seems like they don't know what the hell they are going to do. One minute its up, then the next down.
That's why it is much better to follow the charts, not the the BOJ.
I see another leg down as long as 87 holds tonight and have pending orders @ 86,7-8 with 30 pip SL. I assume the 87 level will be DP for the comming sessions. So the test of 85 is quite possible
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  • #14,026
  • Dec 1, 2009 4:57pm Dec 1, 2009 4:57pm
Quoting pipsbull
That's why it is much better to follow the charts, not the the BOJ.
I see another leg down as long as 87 holds tonight and have pending orders @ 86,7-8 with 30 pip SL. I assume the 87 level will be DP for the comming sessions. So the test of 85 is quite possible
I do trade the charts. This pair I only trade 2hr and daily. So I do see a pending short coming up real soon.

Now I trade the GBP/JPY intraday. the whipsaw movements was hitting my stop only to go in my favor later. It was pissing me off. That's why i was like the BOJ needs to shut up.
  • #14,027
  • Dec 1, 2009 8:40pm Dec 1, 2009 8:40pm
I agree. It flipped back to bullish, towards 88.
  • #14,028
  • Dec 1, 2009 8:47pm Dec 1, 2009 8:47pm
Woops,

Wanted to edit my post, and it somehow got deleted.

Japan does not want a strong YEN, similar like the Canadians do not want a strong loonie. There is, an occurring correction dating from the 27 from the collapse.

We are experiencing higher highs, and higher lows. Don't understand all the short calling.
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lowest draw down possible please.
  • #14,029
  • Dec 1, 2009 8:53pm Dec 1, 2009 8:53pm
Looks like we are getting alot of resistance up at 87 cents.
lowest draw down possible please.
  • #14,030
  • Dec 1, 2009 9:06pm Dec 1, 2009 9:06pm
now signs was pointing to a short of the beast, but guess what BOJ Governor Shirakawa to meet with PM Hotoyama this evening. Yen intervention, BOJ's asset-purchase program likely on the table. there they go opening their mouths again. and the usd/jpy shot up.

works for me since i'm not trading any of the yen crosses during asia.
  • #14,031
  • Dec 2, 2009 3:57am Dec 2, 2009 3:57am
To any would-be shortist on USD-YEN

This is the last chance to run for ur life......

Fundamentally, it is just no reason for usd-yen to weaken...
  • #14,032
  • Dec 2, 2009 12:20pm Dec 2, 2009 12:20pm
I'm short still with a 87.56 sl...my line of defense has held up so far. However, I noticed my entry at the end of last week was beyond what I call last week's, 2 week extension of 86.62...highly likely to turn from that area I believe...something I chose to ignore for now.
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  • #14,033
  • Dec 2, 2009 12:49pm Dec 2, 2009 12:49pm
it seams that UJ makes double top on M30....
The Market pays you to be disciplined
  • #14,034
  • Dec 2, 2009 3:47pm Dec 2, 2009 3:47pm
Quoting mima
it seams that UJ makes double top on M30....
UJ is going to 88.5, just look next days, and maybe higher!
  • #14,035
  • Dec 2, 2009 5:00pm Dec 2, 2009 5:00pm
Quoting Kas1
I'm short still with a 87.56 sl...my line of defense has held up so far. However, I noticed my entry at the end of last week was beyond what I call last week's, 2 week extension of 86.62...highly likely to turn from that area I believe...something I chose to ignore for now.
Got stopped out this time around.
  • #14,036
  • Dec 2, 2009 5:29pm Dec 2, 2009 5:29pm
The BOJ didn't get me this time. +120 pips for the beast.

watch out for the asian session you guys. I'm going to trade it, because i'm testing a theory. But this thing could easily fall if the BOJ says something like "Intervention is not necessary."
  • #14,037
  • Dec 3, 2009 1:51pm Dec 3, 2009 1:51pm
The target of 88.5, got. Now after the interesting volume of the 4h candle, the $ will get higher, maybe around the 89.4 first, and then 90.5/7. Lets see it.

Happy pipping!
  • #14,038
  • Dec 3, 2009 3:08pm Dec 3, 2009 3:08pm
uff uff, Finally exited my long positions, It ain't easy to go against trend. 89.50 seems possible in the very near future thou.
  • #14,039
  • Dec 3, 2009 5:47pm Dec 3, 2009 5:47pm
Quoting tomasz
uff uff, Finally exited my long positions, It ain't easy to go against trend. 89.50 seems possible in the very near future thou.
88.50 seems like big resistance on the daily. Looks like it topping out.
  • #14,040
  • Dec 3, 2009 9:51pm Dec 3, 2009 9:51pm
Look like we are going to see the turn around and continue bearish...
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