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USD/JPY Discussion

  • #15,181
  • Mar 16, 2010 11:26am Mar 16, 2010 11:26am
hmmm... not sharp

we say , blur
  • #15,182
  • Mar 16, 2010 11:43am Mar 16, 2010 11:43am
As I hoped, the price seems to have gotten pushed down. TheArcher, your daily chart looks interesting - the shape of the descending triangle and the location of the price suggests that we're either going to see a sharp drop in the coming days or the price will start ranging instead.

According to Murphy, anyway, breakouts should happen at around 3/4 of the triangle - and if they don't, the pair will range instead.

Fingers crossed for us bears!
  • #15,183
  • Mar 16, 2010 12:01pm Mar 16, 2010 12:01pm
If the price breaking up 91.30 is probably an strong bullish movement looking up 96

http://img101.imageshack.us/img101/7780/dibujonck.png
  • #15,184
  • Mar 17, 2010 2:57am Mar 17, 2010 2:57am
Quoting George C
the shape of the descending triangle and the location of the price suggests that we're either going to see a sharp drop in the coming days or the price will start ranging instead.

According to Murphy, anyway, breakouts should happen at around 3/4 of the triangle - and if they don't, the pair will range instead.
this is how it looks like from Nov 2006 ... i suppose this is sufficient to make long term guess .... though my play is very short term

would like to see if there are charts even further back than this to see the lowest point ...
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 7 KB
  • #15,185
  • Mar 17, 2010 3:59am Mar 17, 2010 3:59am
Quoting TheArcher
this is how it looks like from Nov 2006 ... i suppose this is sufficient to make long term guess .... though my play is very short term

would like to see if there are charts even further back than this to see the lowest point ...
That's the problem, though - I'm not really trading long term and don't like keeping a position open for more than two weeks or so. In the case of USD/JPY, I was rather expecting the downswing to materialise over the next few days; however, the pair seems to be having serious trouble breaching the 90.00 support, bouncing back violently during late Asian sessions.
  • #15,186
  • Mar 17, 2010 6:49am Mar 17, 2010 6:49am
U/J is trading in its volume zone 90,40 - 90,70 before US PPI, and I suppose the pair will try to move on 91,20 - 91,50 today
  • #15,187
  • Mar 17, 2010 11:27am Mar 17, 2010 11:27am
Please help polling for your profit factor here:
http://www.forexfactory.com/showthre...74#post3555874
Cheers.
  • #15,188
  • Mar 17, 2010 4:03pm Mar 17, 2010 4:03pm
The price is doing a triangle.

When it finish is probably breaking up.

http://img31.imageshack.us/img31/3961/dibujoqbs.png
  • #15,189
  • Mar 18, 2010 9:33am Mar 18, 2010 9:33am
I think orange lateral has finished and now is probably strong bullish movement.

http://img87.imageshack.us/img87/923/dibujojb.png
  • #15,190
  • Mar 18, 2010 10:28am Mar 18, 2010 10:28am
Quoting TheArcher
this is how it looks like from Nov 2006 ... i suppose this is sufficient to make long term guess .... though my play is very short term

would like to see if there are charts even further back than this to see the lowest point ...
Here ya go.
History back to Sept. 1988
Attached Image (click to enlarge)
Click to Enlarge Name: monthly mar 18 '10.gif Size: 23 KB
  • #15,191
  • Mar 18, 2010 10:51am Mar 18, 2010 10:51am
Quoting Bemac
Here ya go.
History back to Sept. 1988
Thank you, Your Highness !
  • #15,192
  • Mar 18, 2010 11:32am Mar 18, 2010 11:32am
Quoting TheArcher
Thank you,
You should be able to get the Data.
Try this.
Attached Image (click to enlarge)
Click to Enlarge Name: Historical Data.GIF Size: 191 KB
  • #15,193
  • Mar 18, 2010 12:27pm Mar 18, 2010 12:27pm
Man, I know it thought this could take a few weeks to play out--- but this is almost funny! Apparently, there is major indecision in the market right now regarding this pair. I guess I'll just check in in a few more days and see if anything has happened. My short is still in place, with another pending @ 89.00. Good trades to all!!!
  • #15,194
  • Mar 18, 2010 5:08pm Mar 18, 2010 5:08pm
how about short term long now?
  • #15,195
  • Mar 18, 2010 5:13pm Mar 18, 2010 5:13pm
I have long and its now minus 30 pips. Should I stay or close it?
  • #15,196
  • Mar 19, 2010 4:12am Mar 19, 2010 4:12am
Quoting Bemac
You should be able to get the Data.
Try this.
thank you very much for ur tip .

i guess it depends on the broker ... my eforex gives up to nov 2006 ...
  • #15,197
  • Mar 19, 2010 4:35am Mar 19, 2010 4:35am
U/J IS GOING UP?
Attached Image (click to enlarge)
Click to Enlarge Name: 4часа..gif Size: 67 KB
  • #15,198
  • Mar 19, 2010 1:14pm Mar 19, 2010 1:14pm
The price continues in lateral movement.

But I think anytime breaking up.

http://img352.imageshack.us/img352/2998/dibujobe.png
  • #15,199
  • Edited 1:09am Mar 20, 2010 12:56am | Edited 1:09am
Quoting Rubén
The price continues in lateral movement.

But I think anytime breaking up.
care to share ur thought process ... why bullish ?

http://i41.tinypic.com/9a3kg8.jpg
  • #15,200
  • Mar 20, 2010 8:55am Mar 20, 2010 8:55am
Hi TheArcher.

My english is very bad.

I think the price has strong support in 88.

And is very near of bearish trendline. If breaking up strong movement to 96.

Since minimuns the structure for me is bullish.

http://img256.imageshack.us/img256/5999/dibujonn.png
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