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USD/JPY Discussion

  • #15,161
  • Mar 11, 2010 8:26pm Mar 11, 2010 8:26pm
geppy please send me the document also,

i just read the bloomberg: "The March 16-17 policy meeting comes days before the March 31 end of an unlimited collateralized loan facility."

i think the USD/JPY will move not so far until the meeting.
  • #15,162
  • Mar 11, 2010 11:24pm Mar 11, 2010 11:24pm
looks like theres gonna be a move soon; looking at the 4hr chart
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  • #15,163
  • Mar 12, 2010 2:47am Mar 12, 2010 2:47am
If we take a look at the USD/JPY chart on the Weekly TF, we will see that price is creating an inverted head and shoulders pattern with buying pressure occurring @ the Weekly Upswing .500/.618 . I am now currently Long @ 90.55. Market Sentiment on the Weekly TF is currently Bullish.
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  • #15,164
  • Mar 12, 2010 10:35am Mar 12, 2010 10:35am
just thought about it ...

basically the moving averages are shifted into the future .... so, wondered how it will look with simple moving averages 9(tentan),26(kijun), 18 shifted 26 (spanA) and 52 shifted 26 (span B) ......

hmm ..reminds me of the picture of a carrot dangling on a long pole in front of a donkey ... quite amusing .... " self fulfilling prophesy " ... wow .. genius !

..... just the basic moving averages cross overs ..

ah .. well i suppose we need to use the indicator just like any other indicator ...
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  • #15,165
  • Mar 12, 2010 10:49am Mar 12, 2010 10:49am
looking for a pullback to 90.300 before entering long
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  • #15,166
  • Mar 12, 2010 10:52am Mar 12, 2010 10:52am
currently ranging ....
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  • #15,167
  • Mar 12, 2010 10:59am Mar 12, 2010 10:59am
daily chart indicates ranging ...
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  • #15,168
  • Mar 12, 2010 11:04am Mar 12, 2010 11:04am
Quoting 9000rpm
looking for a pullback to 90.300 before entering long
good luck to you !

  • #15,169
  • Edited 11:19am Mar 12, 2010 11:06am | Edited 11:19am
The pullback triggered my limit order at 90.300. let's see where shes goes from here
  • #15,170
  • Edited 11:48am Mar 12, 2010 11:19am | Edited 11:48am
SL set to +15 pips
  • #15,171
  • Mar 13, 2010 12:59pm Mar 13, 2010 12:59pm
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  • #15,172
  • Edited 8:43am Mar 15, 2010 8:29am | Edited 8:43am
Call me crazy, but I started shorting it today at 90.621. Judging from the Daily chart, it seems there's a clear downward trend and that the price has hit - or will soon hit - the top of the bullish corrective movement.

In a few days, I guess we'll know if I'm right.
  • #15,173
  • Mar 15, 2010 11:03am Mar 15, 2010 11:03am
Quoting George C

Judging from the Daily chart, it seems there's a clear downward trend and that the price has hit - or will soon hit - the top of the bullish corrective movement.

In a few days, I guess we'll know if I'm right.
you mean u are seeing something like this ...?
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  • #15,174
  • Mar 15, 2010 11:14am Mar 15, 2010 11:14am
checking in on my short from last week.... Little to no change. Still have another short order waiting @89.... TP's at 85.50. Hopefully, we'll have some movement this week. Stops above 94.
  • #15,175
  • Mar 15, 2010 11:37am Mar 15, 2010 11:37am
Quoting TheArcher
you mean u are seeing something like this ...?
Yep, exactly that. I'm still undecided about the angle of the trendline (and I suspect there might be two lines rather than one), but the existence of a longer-term downward trend is what I based my decision on.

I'm setting the TP at around 88.2 and a stop at 92, because I honestly don't expect it to go below 88 - it's been a very strong support in the past.

For the record, I trade on the Daily timeframe, so obviously there's scope for inconsistencies on lower TFs.

Thoughts?
  • #15,176
  • Mar 15, 2010 11:51pm Mar 15, 2010 11:51pm
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...still short
  • #15,177
  • Mar 16, 2010 12:02am Mar 16, 2010 12:02am
Quoting FX-Petra
checking in on my short from last week.... Little to no change. Still have another short order waiting @89.... TP's at 85.50. Hopefully, we'll have some movement this week. Stops above 94.
Nice short. I am holding one cross jpy too and suspect that it will have a bounce or first stop at 87 - close to LTL.
Also, I would recommend to watch S&P today, because it may form an evening star - daily close below 1145 will prove it. Quite bearish candlestick pattern
GL
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  • #15,178
  • Mar 16, 2010 4:17am Mar 16, 2010 4:17am
there is not many movement this week and last week.
  • #15,179
  • Mar 16, 2010 5:03am Mar 16, 2010 5:03am
It bounced back violently off 90.00, and the subsequent surge has reversed most of yesterday's decline. Hopefully it will re-test the 90 support later this week.
  • #15,180
  • Edited 11:40am Mar 16, 2010 11:22am | Edited 11:40am
last night scalped +20 pips

testing whole screen ..
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