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USD/JPY Discussion

  • #14,701
  • Jan 28, 2010 3:24pm Jan 28, 2010 3:24pm
Bernanke just confirmed
  • #14,702
  • Jan 28, 2010 5:22pm Jan 28, 2010 5:22pm
Quoting TheArcher
one of the reasons why i stick to only +20pips per trade per day ... close the books for the day even if it is tempting ... just lock in the profits and throw away the keys .. discipline ... many drops makes ocean

like i said earlier , playing range , also known as choppy market , is difficult ..

just stick to the "Holy Grail" ie "Trend is ur friend" ...

You are right...but this is demo, I try to test my skills...also I like to be more flexible then going for a fixed amount of pips...that way I think I can adapt to more pairs and volatile ranges
  • #14,703
  • Jan 28, 2010 7:37pm Jan 28, 2010 7:37pm
stil in the dayly channel
the retrace from the last swing from 91.86 down to 89.12
met some resistance at the 50%fib and the dayly 50ema
so it could possibly stil go down to 88.80-40
thats my vue maybe im wrong
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  • #14,704
  • Jan 28, 2010 7:51pm Jan 28, 2010 7:51pm
I belive USD/JPY may start huge trend up. Even reaches level of 140-150. That's just my feeling guys: )
  • #14,705
  • Jan 28, 2010 8:06pm Jan 28, 2010 8:06pm
Quoting gicho
I belive USD/JPY may start huge trend up. Even reaches level of 140-150. That's just my feeling guys: )
yes we know there is a big upmove comming
but we need a comfirmation that a low is in place
andthen see a breakout to the upside
  • #14,706
  • Jan 28, 2010 8:16pm Jan 28, 2010 8:16pm
4hour chart
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  • #14,707
  • Jan 28, 2010 10:02pm Jan 28, 2010 10:02pm
Alright, previously posted that I would have liked to see more buying pressure continue for possible formation of an inverted head and shoulders (sHs). We have seen that and I am now currently Long on USD/JPY @ 89.96. Will be looking to take partial profits out @ the 4h Upswing High - 90.54. If price can push through that level I will be looking to exit the rest of my position @ 91.21 area. Please keep in mind that Market Sentiment on the 4h TF is bullish and on the Daily TF Market Sentiment is bearish. This could be the retracement into the Daily Downswing.
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  • #14,708
  • Jan 29, 2010 1:55am Jan 29, 2010 1:55am
Still long from 89.96. We have seen price push up some. I have just reduced the initial risk of my trade by 55.00%. Will continue to hold for 4h Upswing High @ 90.54 as my 1st Target.
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  • #14,709
  • Jan 29, 2010 5:31am Jan 29, 2010 5:31am
Still Long on USD/JPY from 89.96. Price has continued to trade a little higher over the hours. I have now eliminated ALL risk on this trade and set my SL to a couple pips above break even. I will look to continue to lock in profits through out the rest of the day if possible.
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  • #14,710
  • Jan 29, 2010 8:13am Jan 29, 2010 8:13am
As i wrote yesterday we should now see very strong bull trend.

Quoting gicho
I belive USD/JPY may start huge trend up. Even reaches level of 140-150. That's just my feeling guys: )
  • #14,711
  • Jan 29, 2010 8:26am Jan 29, 2010 8:26am
looks like this pair is still searching for a bottom
meanwhile i look for scalping opportnity,....
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  • #14,712
  • Jan 29, 2010 9:30am Jan 29, 2010 9:30am
What do u think about this gap?

Will it be fulfilled?
  • #14,713
  • Jan 29, 2010 9:34am Jan 29, 2010 9:34am
Quoting john2301
looks like this pair is still searching for a bottom
meanwhile i look for scalping opportnity,....

err .. Euro chart ... ?
  • #14,714
  • Jan 29, 2010 9:36am Jan 29, 2010 9:36am
Quoting Kas1
You are right...but this is demo, I try to test my skills...also I like to be more flexible then going for a fixed amount of pips...that way I think I can adapt to more pairs and volatile ranges

in that case , then it is alright ... explore various strategies ... and settle with the one u are most comfortable with ..

  • #14,715
  • Jan 29, 2010 10:18am Jan 29, 2010 10:18am
Here ya go!

Gap was fulfilled, now we can go up
  • #14,716
  • Jan 29, 2010 11:18am Jan 29, 2010 11:18am
Still long on USD/JPY from 89.96, with a portion of my trade. Price has pushed up past the 4h Upswing High @ 90.54, which is where I released about 60% of my position. I have left the remaining portion of my position open to target 91.21. I have also now moved my stop loss on the remaining portion of the trade to +20 pips. I will continue to update my stop loss and lock in profit through out the rest of this trade.
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  • #14,717
  • Jan 29, 2010 11:21am Jan 29, 2010 11:21am
Quoting Liquid
Still long on USD/JPY from 89.96, with a portion of my trade. Price has pushed up past the 4h Upswing High @ 90.54, which is where I released about 60% of my position. I have left the remaining portion of my position open to target 91.21. I have also now moved my stop loss on the remaining portion of the trade to +20 pips. I will continue to update my stop loss and lock in profit through out the rest of this trade.
I am short..
"Buy on fear, sell on greed !!!
  • #14,718
  • Edited 1:01pm Jan 29, 2010 12:15pm | Edited 1:01pm
I'm long from 90.30 with TP 90.55, SL 90.20.

http://www.netdania.com/Products/liv...anceChart.aspx

There I can see US Index and that is go north, so I'm thinking to change my TP to 91.15.
Short can be only from 91.45, with TP 90.80, because open short now is too risky!

EDIT: Looks that E/J, A/J, G/J is pushing U/J down. Today was very good news for USD and I think that U/J must go up, min. 90.60.
  • #14,719
  • Jan 29, 2010 5:39pm Jan 29, 2010 5:39pm
Quoting Fibo_trader
I'm long from 90.30 with TP 90.55, SL 90.20.

http://www.netdania.com/Products/liv...anceChart.aspx

There I can see US Index and that is go north, so I'm thinking to change my TP to 91.15.
Short can be only from 91.45, with TP 90.80, because open short now is too risky!

EDIT: Looks that E/J, A/J, G/J is pushing U/J down. Today was very good news for USD and I think that U/J must go up, min. 90.60.
Well, it did go upto 90.91 today so thats where i would move your TP to. Going short is very risky here
  • #14,720
  • Edited Jan 30, 2010 12:48am Jan 29, 2010 7:45pm | Edited Jan 30, 2010 12:48am
Nikkei is down as well. 85.00 not too far away?
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Pity the fool who thinks they'll make it overnight...
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