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USD/JPY Discussion

  • #15,081
  • Mar 3, 2010 7:53pm Mar 3, 2010 7:53pm
I entered long this pair at 8846. This is a small position- mainly took it because there is huge divergence on the H4 timeframe- no stop and target around 8950.
Its all in the mind.
  • #15,082
  • Mar 3, 2010 8:37pm Mar 3, 2010 8:37pm
Quoting sed34
trade update: shorted thursday Feb 25, 2010 at 90.122
Stop:91.79; risk 166 pips
target 334 [email protected].

so far +148 pips. I still might use 1:1 but candle patterns doesn't show a reversal yet so i'm still in this.

we'll see
update:+168 and counting.
  • #15,083
  • Mar 4, 2010 1:08am Mar 4, 2010 1:08am
closed my short from 88.40 @ 88.20....went long again. I'm sure I will get burned, by that is about the biggest divergence rsi I have ever seen on a 4hr chart. We'll see!!!!
  • #15,084
  • Mar 4, 2010 1:19am Mar 4, 2010 1:19am
Quoting FX-Petra
closed my short from 88.40 @ 88.20....went long again. I'm sure I will get burned, by that is about the biggest divergence rsi I have ever seen on a 4hr chart. We'll see!!!!
so how much profit is targeted? i believe USD/JPY will move up soon. the US economic recovery is slow, but i believe the US will rise soon.
  • #15,085
  • Mar 4, 2010 1:22am Mar 4, 2010 1:22am
T1 is 23.6 fib retrace @ 89.17. After that, we'll see how price reacts.
  • #15,086
  • Mar 4, 2010 1:30am Mar 4, 2010 1:30am
Quoting Kas1
Still in from 8870, no trail yet...took another short at 8845, 8790 target
8870 is now trailed...hangn on to my other short from 8845 and took another at 8823, 8785 target
  • #15,087
  • Mar 4, 2010 3:16am Mar 4, 2010 3:16am
i think US jobs data will drag USD/JPY more down, so let see tomorrow. hopefully a good number shown so my long transaction can be profitable.
  • #15,088
  • Mar 4, 2010 7:59am Mar 4, 2010 7:59am
Quoting FX-Petra
T1 is 23.6 fib retrace @ 89.17. After that, we'll see how price reacts.
Took 3 (1/2 lots) positions @ 88.20. Closed 1 @ 88.60, holding another for 89.10. 3rd postion TP still unknown. Both open postions stops moved to BE +10. Good trades to all!!!!
  • #15,089
  • Edited 8:26am Mar 4, 2010 8:14am | Edited 8:26am
Quoting FX-Petra
Took 3 (1/2 lots) positions @ 88.20. Closed 1 @ 88.60, holding another for 89.10. 3rd postion TP still unknown. Both open postions stops moved to BE +10. Good trades to all!!!!
Well, that was fast!!! Closed both postions @ 89.10. RSI 4hr divergence is now resolved, so I flipped back to short postion @ 89.11. Looking for an 87xx number.

Regards,
  • #15,090
  • Mar 4, 2010 8:25am Mar 4, 2010 8:25am
short from 89.024
  • #15,091
  • Mar 4, 2010 8:30am Mar 4, 2010 8:30am
Quoting pipsimax
short from 89.024
Reason?
If you think you can or cannot do it you are correct
  • #15,092
  • Mar 4, 2010 9:26am Mar 4, 2010 9:26am
Quoting Kas1
8870 is now trailed...hangn on to my other short from 8845 and took another at 8823, 8785 target
1 gain, 2 expenses...didn't see that turn comin
  • #15,093
  • Mar 4, 2010 9:38am Mar 4, 2010 9:38am
I am Long on this pair.

Willing to take it 87.

Unwilling to take it to 85 but I will if I have to. My initial entry was 91.15, not sweating it I will take it to 85, if it drops below that then I am screwed.

I see a tremendous upswing on the horizon.
  • #15,094
  • Mar 4, 2010 12:35pm Mar 4, 2010 12:35pm
Good negative divergence on 15min rsi... took another lot @ 89.23 for a scalp back to 89.00. We'll see what happens!
  • #15,095
  • Mar 4, 2010 12:58pm Mar 4, 2010 12:58pm
Nice little run-up there.
  • #15,096
  • Mar 4, 2010 1:03pm Mar 4, 2010 1:03pm
Quoting FX-Petra
Good negative divergence on 15min rsi... took another lot @ 89.23 for a scalp back to 89.00. We'll see what happens!
HI FX-Petra,

I see the divergence but I don't know how I can use it.

Please, could you tell me how it works ???

Thanks in advance
  • #15,097
  • Mar 4, 2010 3:28pm Mar 4, 2010 3:28pm
Quoting virgilum
HI FX-Petra,

I see the divergence but I don't know how I can use it.

Please, could you tell me how it works ???

Thanks in advance
Suggest you go to babypips.com or just Google divergence...heaps of info there
  • #15,098
  • Mar 4, 2010 5:12pm Mar 4, 2010 5:12pm
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Projected Fibonacci
  • #15,099
  • Mar 4, 2010 6:23pm Mar 4, 2010 6:23pm
Another stong 15min rsi div., as well as 1hr div., so I am going short again.... looking for sclap back to 89.00. The divergence trade from ealier today worked out well. We'll see!!
  • #15,100
  • Mar 4, 2010 6:37pm Mar 4, 2010 6:37pm
Hi there,
Ive been following you ...the same on G/Y... hm lets see
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