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USD/JPY Discussion

  • #14,121
  • Dec 14, 2009 8:23pm Dec 14, 2009 8:23pm
Quoting garagman
ofcourse it's not. It's my experience. Look at history 1h tf and lower and you will see. For confirmation of new movement it is not enoght, but this is one of the signal and it can be filter for other signals.
...ohkay
  • #14,122
  • Dec 14, 2009 8:29pm Dec 14, 2009 8:29pm
Quoting jgospoda
I'm still long UJ, been holding since last night. I personally see too many reasons not to be long...strong support, strong fundamentals, weak yen, etc. No one knows for sure, but I like the long side! Happy trading!
this pair has been too kind to me lately, luck?...wouldn't be surprised if it did climb...but my chart says otherwise...trade well
  • #14,123
  • Dec 14, 2009 9:00pm Dec 14, 2009 9:00pm
Quoting Kas1
...ohkay
  • #14,124
  • Dec 14, 2009 9:25pm Dec 14, 2009 9:25pm
this looks like it might want to make a run to 89
  • #14,125
  • Dec 14, 2009 9:50pm Dec 14, 2009 9:50pm
Quoting sed34
this looks like it might want to make a run to 89

I hope so! I'm hoping 90.30, but likely not until after the FOMC on Wednesday. Really looking good to hold on long, but watch for the whips (of course) on Wednesday! Happy trading...
  • #14,126
  • Dec 14, 2009 11:28pm Dec 14, 2009 11:28pm
it made it. 89 on the dot.

could still have more room to go.
  • #14,127
  • Dec 14, 2009 11:35pm Dec 14, 2009 11:35pm
Quoting sed34
it made it. 89 on the dot.

could still have more room to go.
I see that, I was tempted to close as I expected at least some retrace, but I am still holding! Let's see it continue upwards...

Take care.
  • #14,128
  • Dec 15, 2009 5:27am Dec 15, 2009 5:27am
Possible to go 90.35 ? Thanks.
Where there is a will there is a way...
  • #14,129
  • Dec 15, 2009 5:41am Dec 15, 2009 5:41am
any possible to go for short guys ?
Guide me please
  • #14,130
  • Dec 15, 2009 9:03am Dec 15, 2009 9:03am
Dollar / yen - forming at least at the level of 88.30, on the currency pair is built with the uplink signal to the appreciation of the line of support «Support line». For trade to increase the level of resistance to be 89.80.
Indicators in the middle zone of the purchase.
Forecast appreciation.
  • #14,131
  • Dec 15, 2009 10:07am Dec 15, 2009 10:07am
Quoting garagman
I use macd in my system this way -
true signal is coming when the wave is more then 0.2 (can be very close to 0.2). In your picture you have the wave like this, wich shows to go down. another up (real up - more than 80-100) will be detectected by next wave. This how I use macd in usdjpy.

have a good pips!
... since this morning i am trying to figure out what u are saying ... still can't figure out ... perhaps can u explain it a bit more ... a chart with some explanation , for my dull brain , will be very helpful ....


what do u mean by "wave" .. is it the MACD ...with or without the signal line ..?

what do u mean by "0.2" ?

where does it '"shows to go down" in my picture..?

how do u analyse that " another up (real up - more than 80-100) will be detectected by next wave. " ?

thanks



as i can't load "trueMACD" template ,(as per rainingpips) , to the charts ... i use the OsMA as the histogram , as i noticed that they both were similar ... what is OsMA anyway ... anyone ..?
  • #14,132
  • Dec 15, 2009 10:22am Dec 15, 2009 10:22am
what triggered sed34 , Leche Mocha and others to say that it will move up ..?

actually i was eyeing for it to break out of the consolidation either 88.80 or 88.37 ... and sure did gain my 20pips demo scalping ... but they were able to forecast long before the breakout ... what did they see in the charts ..?


http://i48.tinypic.com/nbqb8x.jpg

http://i50.tinypic.com/mvpycy.jpg
  • #14,133
  • Dec 15, 2009 10:35am Dec 15, 2009 10:35am
Quoting TheArcher
what triggered sed34 , Leche Mocha and others to say that it will move up ..?

actually i was eyeing for it to break out of the consolidation either 88.80 or 88.37 ... and sure did gain my 20pips demo scalping ... but they were able to forecast long before the breakout ... what did they see in the charts ..?
...got stopped out of my short, -2%...ive been wondering the same thing since lastnite...from your picture it looks like it started to make higher lows and higher highs when it was still in the range...i saw a long trade when it broke out, but didn't take it...i do not think my filters are strong enough, oh well still learning...maybe if price is hitting support with low volume and tight spread it has nothing pushing it down through that level...but also remember you can't catch every swing
  • #14,134
  • Dec 15, 2009 10:57am Dec 15, 2009 10:57am
Quoting Kas1
...but also remember you can't catch every swing
very true ...

that's why i try to lock in 20pips per demo-trade , never mind if it runs more than 100 pips after that ... a bird in hand in worth two in the bush ...less stress and peace of mind ...( hope i am desciplined enough to stick to this rule in real trade ...hahaha !)

(i eyed the macd zero cross over together with the confirmation of HH HLs and i took my demo 20pips ...)

  • #14,135
  • Dec 15, 2009 11:22am Dec 15, 2009 11:22am
Been wondering about a new change of direction/trend. At the moment it's bounced from a 75% line, and it's a weekly s/r point for the next possible down turn. (I calculated it to go back to 89.815 but it's gone through it a few pips). It'll be interesting enough... it does look like it's stopped obeying fibs like it used to with this, which could be as a good long indication - after all, we're going up more than down for the last week!! But in the past it does have large swings up.
|/ Dream as if you'll live forever... Live as if you'll die today. \|
  • #14,136
  • Dec 15, 2009 12:32pm Dec 15, 2009 12:32pm
Hmm. I was quite intent to short at the 89.815 level. I've pulled back to a weekly, and now I'm a little less confident. My MACD is showing its first green stick in a while... could it possibly be a long leg up?
|/ Dream as if you'll live forever... Live as if you'll die today. \|
  • #14,137
  • Dec 15, 2009 4:32pm Dec 15, 2009 4:32pm
Quoting Katreya
Hmm. I was quite intent to short at the 89.815 level. I've pulled back to a weekly, and now I'm a little less confident. My MACD is showing its first green stick in a while... could it possibly be a long leg up?
I think it will range for a bit...maybe start moving up again in a while...not looking to short after that trend was created on the 4hr...
  • #14,138
  • Dec 15, 2009 9:40pm Dec 15, 2009 9:40pm
Just thought I would add my two cents worth to this discussion (see pic). Chart is the four hourly.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 2.png Size: 239 KB
Pity the fool who thinks they'll make it overnight...
  • #14,139
  • Dec 15, 2009 10:53pm Dec 15, 2009 10:53pm
Hello guys

I'm in a short position @89.89, todays the price has just moved down and make me +40ish. Is it going down for sure ?

I'm also have a quote news about japan
HEADS UP: Japan's machine tool orders for November to be released at 6:00 GMT

Any suggest

Really appreciate
Guide me please
  • #14,140
  • Dec 15, 2009 11:16pm Dec 15, 2009 11:16pm
Quoting TheArcher
what triggered sed34 , Leche Mocha and others to say that it will move up ..?

actually i was eyeing for it to break out of the consolidation either 88.80 or 88.37 ... and sure did gain my 20pips demo scalping ... but they were able to forecast long before the breakout ... what did they see in the charts ..?
a major trend line held. that enable the long position. It was strong. I was playing the beast also and it called for a rise. Technically the pound looked weak. so that further confirmed the rise of the U/J. Plus the fundamental call for a rise to the 90-91 area for years end. it was 85 before the BOJ stepped in.

I'm playing off the 2hr chart. i will post the chart later to show you.
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