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USD/JPY Discussion

  • #14,621
  • Jan 25, 2010 11:40pm Jan 25, 2010 11:40pm
Quoting sed34
china is really sending this thing lower
didn't know that, either way I'm probably gonna start shortn this thing soon, below 8978 I think
  • #14,622
  • Jan 25, 2010 11:40pm Jan 25, 2010 11:40pm
Quoting TheArcher
always wanted to clarify this ..

is the Volume on the MT4 universal (ie total sum of all players ) or is it specific to the brokers (Alpari, eforex etc ) ?
The volume you see in your MT4 is solely what your broker chooses to push to you. It should be the direct feed from their liquidity provider, but that is almost impossible to confirm. (try checking with your broker) Different brokers push more consistently reliable volume data to MT4, but many even top tier brokers show incorrect trends or very strange spikes that will could throw off any VSA analysis. (Akmos for example typically shows 1/20 and less than a ie. FxPro) Using the Better Volume indicator & the legend for the TF you're looking at, over time you can get a feel for the amount of data your broker displays compared to others. Seek out the VSA thread for tons of learning & following the VSA guru Malcolm's postings.
  • #14,623
  • Jan 25, 2010 11:48pm Jan 25, 2010 11:48pm
Quoting richly
Anyone know the next support level?
pick one
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  • #14,624
  • Jan 26, 2010 12:56am Jan 26, 2010 12:56am
man, some big moves for this pair
  • #14,625
  • Edited 1:40am Jan 26, 2010 1:13am | Edited 1:40am
yea, i Hope everyone took their profits coz this sucker just shot back up 80 pips. i am not sure why, but i think its coz of this news that just came out.

S&P: Says Japan needs measures to boost medium-term growth; rating could fall "one notch" if data is weak.

S&P: The move to place a negative outlook on Japan has seen generating aggressive Yen sales over the past minutes.
  • #14,626
  • Jan 26, 2010 1:19am Jan 26, 2010 1:19am
what happen to BOJ??? Any news???
  • #14,627
  • Jan 26, 2010 10:25am Jan 26, 2010 10:25am
http://i50.tinypic.com/r94kr8.jpg
  • #14,628
  • Jan 26, 2010 10:37am Jan 26, 2010 10:37am
wwwin , uraceulose , Beljevina

thank u very much for helping out with the volume query.

honestly , its precisely because of the 'tons' of info in the VSA threads that I posted the question here .

hope i could get a simplified version of how to tackle the volume issue

once again thank u very much .

  • #14,629
  • Jan 26, 2010 11:19am Jan 26, 2010 11:19am
Quoting TheArcher
wwwin , uraceulose , Beljevina

thank u very much for helping out with the volume query.

honestly , its precisely because of the 'tons' of info in the VSA threads that I posted the question here .

hope i could get a simplified version of how to tackle the volume issue

once again thank u very much .

They took the words out of my mouth...
  • #14,630
  • Jan 26, 2010 1:51pm Jan 26, 2010 1:51pm
hi every body
the lines show where you should enter the market
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  • #14,631
  • Jan 26, 2010 10:09pm Jan 26, 2010 10:09pm
Getting ready to go long at 88.78 or so...anybody else planning for this? It marks (roughly) the 23.6% Fibonacci retracement level. Been waiting for this for a while. Hopefully we get a decent bounce.
  • #14,632
  • Jan 26, 2010 10:12pm Jan 26, 2010 10:12pm
Drawing your fibs on the daily for the USD/JPY, we see that the market is at the 50 fib. Go to the 1HR chart and it looks like its closed under the 50 fib. Also draw a trendline connecting the lows.

Do you think the market might go further down here..??
  • #14,633
  • Jan 26, 2010 10:12pm Jan 26, 2010 10:12pm
23% is too low of a fib level for me to bank on
Im a zombie.. "Rawr"
  • #14,634
  • Jan 26, 2010 10:28pm Jan 26, 2010 10:28pm
Quoting defariak
23% is too low of a fib level for me to bank on
You think it'll blow right through it? Surely we'll see at least a 30 pip retracement...I can live with that.
  • #14,635
  • Jan 26, 2010 10:29pm Jan 26, 2010 10:29pm
...been short today, took profit at 8925, I expect 89...no sign of this climbing for me
  • #14,636
  • Jan 26, 2010 10:30pm Jan 26, 2010 10:30pm
honestly I think it will blow through it.
BUT
keep in mind the JPY Bank of Japan Monthly Report is up in 30 mins, so we will see some volatility soon I think, which way... dont know yet
Im a zombie.. "Rawr"
  • #14,637
  • Jan 26, 2010 10:53pm Jan 26, 2010 10:53pm
Quoting defariak
honestly I think it will blow through it.
BUT
keep in mind the JPY Bank of Japan Monthly Report is up in 30 mins, so we will see some volatility soon I think, which way... dont know yet
Let Price determine your future!
  • #14,638
  • Jan 26, 2010 10:53pm Jan 26, 2010 10:53pm
It's an orange-coded report so I don't think it'll have much effect, but you never know.
  • #14,639
  • Jan 26, 2010 10:54pm Jan 26, 2010 10:54pm
Quoting fxpipper
Getting ready to go long at 88.78 or so...anybody else planning for this? It marks (roughly) the 23.6% Fibonacci retracement level. Been waiting for this for a while. Hopefully we get a decent bounce.
My trendline analysis says that you are almost right, except just wait a bit lower at 88.20 zone
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  • #14,640
  • Jan 26, 2010 11:01pm Jan 26, 2010 11:01pm
maybe we will get a retrace to 89.60-80 from here
and then down to 88.60 or 88.20
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