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USD/JPY Discussion

  • #14,421
  • Jan 13, 2010 5:41pm Jan 13, 2010 5:41pm
Quoting Honored
any signs of falling down today ? 51% of the traders are short here.
I am waiting to pull the triger once this trendline gets broken

ps: i think we will see a break through this line very soon.. usdx is going slowly down.. assian season is coming and they are going to trade before a really usd negative data and in a few minutes there are being jpy data realased which are expected to be positive..
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy2.gif Size: 20 KB
Pation is the Holy Grail
  • #14,422
  • Jan 13, 2010 7:15pm Jan 13, 2010 7:15pm
Quoting fxpipper
I see a bear-flag forming on the 4H...should drop anytime now. Target 90.38 or so, (Fib level). Anyone else see this?
i agree and i think if today US economic news is reporting a bad number, than that should be the triger, if not then it just about the time, let just wait.
  • #14,423
  • Jan 13, 2010 7:35pm Jan 13, 2010 7:35pm
Quoting Kas1
...looks like support around 9093...mite go short below there...resistance up at 9124 area
...seems 9124 became support, with resistance up around 56...lookn to short below 24...ranging for now i think
  • #14,424
  • Jan 13, 2010 8:33pm Jan 13, 2010 8:33pm
I still believe in the 4H bear-flag...set my pending short at 91.22. Tiny lot to start, then I'll scale in when it breaks below 91.00 all the way to at least 90.40.

I actually prematurely opened a short position last night from 91.03...then prematuely closed it around 91.45 for a disappointing loss, which cut into my otherwise profitable run on the EUR/USD. Should have stayed in and dollar-costed...oh well. I love that there's always another day and another opportunity!
  • #14,425
  • Jan 13, 2010 8:43pm Jan 13, 2010 8:43pm
I think that 90.92 has been the support and once the price is over 91.50, it should probably be the end of downtrend, I will be looking for a buy after it sustains over 91.50 for a target 91.85
Where there is a will there is a way...
  • #14,426
  • Jan 13, 2010 8:52pm Jan 13, 2010 8:52pm
Quoting fxpipper
I still believe in the 4H bear-flag...set my pending short at 91.22. Tiny lot to start, then I'll scale in when it breaks below 91.00 all the way to at least 90.40.

I actually prematurely opened a short position last night from 91.03...then prematuely closed it around 91.45 for a disappointing loss, which cut into my otherwise profitable run on the EUR/USD. Should have stayed in and dollar-costed...oh well. I love that there's always another day and another opportunity!
I made that disappointing loss too yesterday, sell from 91.09 and closed it at 91.43. Oh well, this is the market, if everything was certain there would be no market. This usually happens after a trend, where they capture sellers to make liquidity for buyers and vice versa
Where there is a will there is a way...
  • #14,427
  • Jan 13, 2010 10:22pm Jan 13, 2010 10:22pm
Well I guess it's not a bear-flag anymore...

It broke the flagpole's 50% retracement it'd been struggling with all day, and as I'm typing this has now retraced more than 61%. Highly unlikely that it'll come back down. Time to start thinking longs...
  • #14,428
  • Jan 14, 2010 2:06am Jan 14, 2010 2:06am
Looks very probable of going over 92.00, All is well till the US session , it would be wise to get out before the US unemployment news.
Where there is a will there is a way...
  • #14,429
  • Jan 14, 2010 2:22am Jan 14, 2010 2:22am
Quoting fxpipper
Well I guess it's not a bear-flag anymore...

It broke the flagpole's 50% retracement it'd been struggling with all day, and as I'm typing this has now retraced more than 61%. Highly unlikely that it'll come back down. Time to start thinking longs...
I saw we make a 2nd leg down before heading higher. I'll take short near 91.50. we could probably test as low as 90.00.
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  • #14,430
  • Jan 14, 2010 4:00am Jan 14, 2010 4:00am
Short from 92.00 to 91.40, SL 92.20. Fibonacci levels.

EDIT: Moved SL to 92.00. After 2.45h will be EUR Minimum Bid Rate, so that can change my plans. =)
  • #14,431
  • Jan 14, 2010 5:49am Jan 14, 2010 5:49am
Hello All,
I'm new on FX and I'f U don't mind I would like to read Yours comments and time to time just ask...) I wish U All get some plus pips every deal U make.
  • #14,432
  • Jan 14, 2010 6:22am Jan 14, 2010 6:22am
Quoting Fibo_trader
Short from 92.00 to 91.40, SL 92.20. Fibonacci levels.

EDIT: Moved SL to 92.00. After 2.45h will be EUR Minimum Bid Rate, so that can change my plans. =)

how much(in percent of total deposit) margin you put for risk per transaction?
  • #14,433
  • Jan 14, 2010 8:32am Jan 14, 2010 8:32am
http://i47.tinypic.com/t6rv9d.jpg

nice drop from the bear flag of last night ..

did anyone catch this ...?

(just logged in and missed this drop .... need to monitor if it breaks down further .... and scalp if opportunities come by ... )
  • #14,434
  • Jan 14, 2010 8:35am Jan 14, 2010 8:35am
Quoting TheArcher
http://i47.tinypic.com/t6rv9d.jpg

nice drop from the bear flag of last night ..

did anyone catch this ...?

(just logged in and missed this drop .... need to monitor if it breaks down further .... and scalp if opportunities come by ... )
Actually, I have missed this drop yet fortunately, I have scalped 5 mins later in upward trend and gained 10 pips in 1 mins. Nice. Btw, could you show me your bear flag of last night?
Thanks
  • #14,435
  • Jan 14, 2010 8:38am Jan 14, 2010 8:38am
Quoting TheArcher
http://i47.tinypic.com/t6rv9d.jpg

nice drop from the bear flag of last night ..

did anyone catch this ...?

(just logged in and missed this drop .... need to monitor if it breaks down further .... and scalp if opportunities come by ... )

Had existing shorts.. and had an order triggered upon breakout... http://cdn.forexfactory.com/images/icons/icon7.gif

One of the pairs that showed some sort of conviction post retail sales.
  • #14,436
  • Jan 14, 2010 9:11am Jan 14, 2010 9:11am
Hi LeoTrieu .... this charts in line with fxpipper ... post #14421


Quoting TheArcher
http://i50.tinypic.com/2ajqnpj.jpg

http://i48.tinypic.com/2ev3of7.jpg
  • #14,437
  • Jan 14, 2010 9:16am Jan 14, 2010 9:16am
http://i50.tinypic.com/2dt5h20.jpg
  • #14,438
  • Jan 14, 2010 10:43am Jan 14, 2010 10:43am
I can't believe it...I gave up on the bear-flag and removed my pending short, and what happens? Aargh! Well I'm in now, short from 91.10, hope it goes well! Next major support level I believe will be 90.74ish.
  • #14,439
  • Jan 14, 2010 11:35am Jan 14, 2010 11:35am
Quoting TheArcher
http://i47.tinypic.com/t6rv9d.jpg

nice drop from the bear flag of last night ..

did anyone catch this ...?

(just logged in and missed this drop .... need to monitor if it breaks down further .... and scalp if opportunities come by ... )

Can someone teach me how to spot this bear flag next time. I really dont understand from the pic above, other than seeing those last 2 bear candles.
Thanks in advance!
  • #14,440
  • Jan 14, 2010 11:36am Jan 14, 2010 11:36am
http://i49.tinypic.com/313oumf.jpg

ok .. got for in for demo scalping ... lets see how it turns out for 20pips ..
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