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USD/JPY Discussion

  • #14,201
  • Dec 22, 2009 10:05am Dec 22, 2009 10:05am
Quoting SwissKinseb
i took profit now with +40 Pips
  • #14,202
  • Dec 22, 2009 10:12am Dec 22, 2009 10:12am
Quoting Kas1
  • #14,203
  • Dec 22, 2009 10:23am Dec 22, 2009 10:23am
Quoting TheArcher
on the 1hr chart looks like it reached another strong resistance at 90.91... if it breaks this then it can run up to 91.61 and the next stop will be 92.48 if the current trend follows through ....
took my usual 20pips scalping on demo ....

will 92.48 materialise ... ?

hope so ....but i'll just stay on the side and watch ... if it truly breaksout or consolidate afterwards ...

http://i48.tinypic.com/14aiukl.jpg
  • #14,204
  • Dec 22, 2009 11:14am Dec 22, 2009 11:14am
Hope That They'll Be Helpful
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UsdJpy-12-22.gif Size: 20 KB
Click to Enlarge Name: UsdJpy-12-22(1).gif Size: 19 KB
Click to Enlarge Name: UsdJpy-12-22(2).gif Size: 31 KB
* Never Trust To Any Indicator *
  • #14,205
  • Dec 23, 2009 9:41am Dec 23, 2009 9:41am
http://i46.tinypic.com/swfkoo.jpg

DEMO : took the plunge at 91.37
  • #14,206
  • Dec 23, 2009 9:44am Dec 23, 2009 9:44am
Quoting TheArcher
http://i46.tinypic.com/swfkoo.jpg

DEMO : took the plunge at 91.37
Do you mean long or short?
  • #14,207
  • Dec 23, 2009 9:56am Dec 23, 2009 9:56am
Quoting optfred
Do you mean long or short?

sell = short

.... scalping for 20pips ...

caveat emptor
  • #14,208
  • Dec 23, 2009 10:25am Dec 23, 2009 10:25am
Quoting TheArcher
sell = short

.... scalping for 20pips ...

caveat emptor
...i'm long still
  • #14,209
  • Dec 23, 2009 1:39pm Dec 23, 2009 1:39pm
Sold here at 91.56 Targeting 88.50 area longer term with stop above upper trendline around 91.90-92.10 area. Im looking to hit my target within the next 1-2 weeks give or take due to the slow movement of the holiday times.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 105 KB
  • #14,210
  • Dec 23, 2009 3:30pm Dec 23, 2009 3:30pm
Nice area to short with stops above recent highs. Break of uptrend, looking for some downward movement in the coming Japanese session...

http://i24.photobucket.com/albums/c2...ex/th_uj-1.jpg
  • #14,211
  • Dec 24, 2009 9:22am Dec 24, 2009 9:22am
Quoting TheArcher
sell = short

.... scalping for 20pips ...

caveat emptor
loss -25pips
  • #14,212
  • Dec 24, 2009 9:47am Dec 24, 2009 9:47am
http://i48.tinypic.com/2qtipe8.jpg
  • #14,213
  • Dec 24, 2009 10:18am Dec 24, 2009 10:18am
my thoughts :

92.247 represents 3% break away from the upper down channel ... also it is the immediate resistance ...

if the HL, HH is forming breaking the immediate resistance , then elliot count 1,2, and then 3? ... will it materialise?

if it breaks immediate rest 92.247 ... will it be an uptrend all the way ?

just thinking out aloud....

http://i46.tinypic.com/334hkm0.jpg
  • #14,214
  • Dec 27, 2009 6:21am Dec 27, 2009 6:21am
Quoting TheArcher
loss -25pips
I ended up closing my long trade with -.5% expense and went short...the short did not work out either and i took another -2%. The drop didn't turn into any kind of downtrend and looks as though it was just a small turn off the week movement. I think the fact that price was above the week median means there was less of a chance of any reversal turning into a downtrend at this point...
  • #14,215
  • Dec 27, 2009 7:59am Dec 27, 2009 7:59am
Quoting TheArcher
my thoughts :

92.247 represents 3% break away from the upper down channel ... also it is the immediate resistance ...

if the HL, HH is forming breaking the immediate resistance , then elliot count 1,2, and then 3? ... will it materialise?

if it breaks immediate rest 92.247 ... will it be an uptrend all the way ?

just thinking out aloud....

http://i46.tinypic.com/334hkm0.jpg

I see you have written 1,2,3 but....

I see 1 (where you placed it),2 (on the top), 3 (2nd bottom), 4 (on its way? @ 92.25 Resistance) If Daily closes above = Bull

So two good probability trading methods next week..
1. Putting on bears straight away with SL around 92.50
2. Putting on bulls if close above with SL below last day's low...
Both are good probability trades...


Downside 88.00 ish... Uppside 95.00 ish...
  • #14,216
  • Edited 8:28am Dec 27, 2009 8:18am | Edited 8:28am
Hi! Larseg

i hope u see it as wave 1 (from the bottom of the channel to the top )

wave 2 (the retracement )

wave 3 ( hope the current one stretches out breaking the resistance .... supposed to the longest in the EW count )

but of course , the 3rd wave is critical .... if it is the complete EW , then it will be 1,2,3,4,5,a,b,c .... but if not it will truncate(stop) after the 3rd wave and will consolidate for sometime to find direction ...

(actually, i am not at my computer, hence can't post the line chart... but perhaps someone ,who gets what i am trying to say , will do the honour of posting the line chart )

actually , this is about the basic trend set-up (L,H, HL, HH ....) ... nothing new ...
  • #14,217
  • Dec 27, 2009 9:17am Dec 27, 2009 9:17am
Quoting TheArcher
Hi! Larseg

i hope u see it as wave 1 (from the bottom of the channel to the top )

wave 2 (the retracement )

wave 3 ( hope the current one stretches out breaking the resistance .... supposed to the longest in the EW count )

but of course , the 3rd wave is critical .... if it is the complete EW , then it will be 1,2,3,4,5,a,b,c .... but if not it will truncate(stop) after the 3rd wave and will consolidate for sometime to find direction ...

(actually, i am not at my computer, hence can't post the line chart... but perhaps someone...

Hi Buddy,

Yes got it now thought you skipped a couple waves...
  • #14,218
  • Dec 29, 2009 7:32pm Dec 29, 2009 7:32pm
...looks like a bull breakout in the last couple hours here...im trying to get in around 92, targeting 92.45 area
  • #14,219
  • Dec 29, 2009 7:40pm Dec 29, 2009 7:40pm
Quoting Kas1
...looks like a bull breakout in the last couple hours here...im trying to get in around 92, targeting 92.45 area
wow. My target around same area at 92.42
Where there is a will there is a way...
  • #14,220
  • Dec 30, 2009 6:10am Dec 30, 2009 6:10am
Someone agree with me to go short now?
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