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USD/JPY Discussion

  • #14,561
  • Jan 22, 2010 12:39am Jan 22, 2010 12:39am
Quoting Honored
i am in it too. You think this TP can be achieved in next couple hours ? i been waiting all night here in the US

I don't manage time factor yet to know if for next hours or not. Actually, i'm trading for no cost and waiting.
No Signal, No Trade. No fundamenals, No headache.
  • #14,562
  • Jan 22, 2010 12:50am Jan 22, 2010 12:50am
Quoting bshcom
i think we could possibly see a retrace to DP 90.70 or 91.00

Wow bshcom, with that sort of screen setup you must be making some serious pips per month??? Wish I could understand and trade from that!
  • #14,563
  • Jan 22, 2010 1:10am Jan 22, 2010 1:10am
Quoting bshcom
i think we could possibly see a retrace to DP 90.70 or 91.00
...looks like its time to move up from the 1hr to me...trying something different here
Attached Image (click to enlarge)
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  • #14,564
  • Jan 22, 2010 1:57am Jan 22, 2010 1:57am
Quoting No Stress
Good morning

Still some pips to target. Position locked at entry point.

Good trading for all.
Position closed with no loss and no gain, based on rule never let a gain become a loss if target not achived. Next plan will be short in next second time touching 90.10 with SL 90.40 TP 89.25. I'm waiting, otherwise it will be for monday, if nothing move before US session.
No Signal, No Trade. No fundamenals, No headache.
  • #14,565
  • Jan 22, 2010 2:46am Jan 22, 2010 2:46am
Looks good to short at the moment, with stoploss at pivot on 90.80.
Where there is a will there is a way...
  • #14,566
  • Jan 22, 2010 4:31am Jan 22, 2010 4:31am
Maybe Reverse H&S?
Attached Image
  • #14,567
  • Jan 22, 2010 10:05am Jan 22, 2010 10:05am
Quoting Kas1
...looks like its time to move up from the 1hr to me...trying something different here

something new for me today ... what pattern is this ?...and how does this play out ...?
  • #14,568
  • Edited 10:33am Jan 22, 2010 10:06am | Edited 10:33am
http://i49.tinypic.com/20fsx1h.jpg
  • #14,569
  • Jan 22, 2010 10:06am Jan 22, 2010 10:06am
http://i47.tinypic.com/242xtw6.jpg
  • #14,570
  • Edited 10:28am Jan 22, 2010 10:09am | Edited 10:28am
http://i49.tinypic.com/amwa2p.jpg
  • #14,571
  • Edited 10:32am Jan 22, 2010 10:27am | Edited 10:32am
http://i45.tinypic.com/2hdzdir.jpg
  • #14,572
  • Jan 22, 2010 11:02am Jan 22, 2010 11:02am
Ya i am looking for bearish too next week down to 88.60
  • #14,573
  • Jan 22, 2010 11:38am Jan 22, 2010 11:38am
I think the pair will not break 89.50 and it could get to 94.75 maybe even 97.00.

Long USDJPY now, stoploss 89.25, take profit 94.75.
  • #14,574
  • Jan 22, 2010 12:02pm Jan 22, 2010 12:02pm
Quoting TheArcher
something new for me today ... what pattern is this ?...and how does this play out ...?
2 and 4 day support and resistance lines...entry was 90.19, first close above my breakout point 27pip sl/tp...volume was rising and relative strength looked to be hitting support...didnt take the trade, kept an eye on how it would of worked out...no more for me this week, good weekend to all
  • #14,575
  • Jan 22, 2010 10:08pm Jan 22, 2010 10:08pm
Quoting r_t
I think the pair will not break 89.50 and it could get to 94.75 maybe even 97.00.

Long USDJPY now, stoploss 89.25, take profit 94.75.
i absolutely agree with you about uSD/JPY will reach 94 level or 97 level, but this will not happen in this near time frame, the closest tiem frmae would be 1 month, before that everything can happen, including USD/JPY will move down under 88.xx level. so prepare you risk management and have a profitable trading guys..

my self allready put 3 long position, and ready to put more long position if the USD/JPY move more down. offcourse i put a small ammount of percentage of my account.
  • #14,576
  • Jan 22, 2010 10:53pm Jan 22, 2010 10:53pm
Hmm, this pair seems to be in limbo land...but nonetheless here's my view.

Breach of the 85 level was an interesting case...pretty violent move as counter orders were forcibly triggered...it however was an expected move with over 80% of traders (retail) attempting to profit on any major uptick. imo we are nearing the same situation, the retailers getting greedy for that run to 97-100+, greed to me = myopia and myopia = trading opportunities for me ... With that being said I fancy a move to the mid/lower 80's cannot be ruled as longs are squeezed out once more.

Buy orders sitting at 82.50


If the above doesn't pan out well ..... will short again at 110-115
  • #14,577
  • Jan 22, 2010 10:56pm Jan 22, 2010 10:56pm
Does anybody know when we will know if Bernanke will be confirmed? If comfirmed I believe that that will give a boost to the $$ as there will be less uncertainty and less risk aversion, therefore I believe this will be bullish for USDJPY. Could be a nice pop, considering where it is right now.
  • #14,578
  • Jan 22, 2010 11:08pm Jan 22, 2010 11:08pm
His term ends January 31st. They have 4 yr terms. He can be confirmed anytime up till then but oddly enough, they do not set an exact date.
Corrupt system, the only reason they wouldn't set a date is to make sure that they do(or don't) have enough votes to get the guy in/out...

Take care and have a good weekend guys,

Donnie
  • #14,579
  • Edited 11:51am Jan 23, 2010 6:13am | Edited 11:51am
Quoting uraceulose
His term ends January 31st. They have 4 yr terms. He can be confirmed anytime up till then but oddly enough, they do not set an exact date.
Corrupt system, the only reason they wouldn't set a date is to make sure that they do(or don't) have enough votes to get the guy in/out...

Take care and have a good weekend guys,

Donnie
Thanks. Here an article that I found on the subject. Things could get interesting soon. I love volatility.
http://news.forexdistrict.com/2010/f...amental-event/
  • #14,580
  • Jan 23, 2010 9:28pm Jan 23, 2010 9:28pm
UJ is definitely in an obvious downtrend, break of 90.00 level and close below it is a major signal that this thing is going down. I believe it should dance and head to 86 at least next week. I'm in a sell from 90.28.. I could not break even because the market closed. Will be looking for a break even 1st thing market starts tomorrow and keep it running.

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Where there is a will there is a way...
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