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USD/JPY Discussion

  • #15,341
  • Apr 14, 2010 1:24am Apr 14, 2010 1:24am
weekly daily
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  • #15,342
  • Apr 14, 2010 1:25am Apr 14, 2010 1:25am
h4,h1
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  • #15,343
  • Apr 14, 2010 3:31am Apr 14, 2010 3:31am
There will be a good area to go short.....






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  • #15,344
  • Apr 14, 2010 3:37am Apr 14, 2010 3:37am
Quoting pars
weekly daily

Divergence :

If you drew line connecting two highs on price, you MUST draw a line connecting the two highs on the indicator as well. Ditto for lows also. If you drew a line connecting two lows on price, you MUST draw a line connecting two lows on the indicator. They have to match!

(gentle reminder , just in case .. )
  • #15,345
  • Edited 8:12am Apr 14, 2010 7:54am | Edited 8:12am
I`ve made a long on 93.73 what should i do ?

Nevermind i lost +40 pips
  • #15,346
  • Apr 14, 2010 8:20am Apr 14, 2010 8:20am
I posted a chart good for 50pips after a breakout to the upside on the usdjpy on another thread but one way or another i did not go long at 25. I have just seen that the market went up to 75 before retracing

In a way we have both lost money. You with the action you took and me with my inactivity

Not to worry FXDwarf. There will be many more trades to be taken...
If you think you can or cannot do it you are correct
  • #15,347
  • Apr 14, 2010 10:59am Apr 14, 2010 10:59am
can someone please help me how i can tweak to get the price next to the fibo %age .. eg : 38.2% (92.24) ... on the demo account chart ... ?

(without uploading any EA , as i am no good with the uploading part )

thank you .
  • #15,348
  • Apr 14, 2010 12:12pm Apr 14, 2010 12:12pm
What do you think about this chart?
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  • #15,349
  • Apr 14, 2010 2:42pm Apr 14, 2010 2:42pm
Quoting TheArcher
can someone please help me how i can tweak to get the price next to the fibo %age .. eg : 38.2% (92.24) ... on the demo account chart ... ?

(without uploading any EA , as i am no good with the uploading part )

thank you .
right click on manual fibo and go into fibo properties and put %$ beside your level description
  • #15,350
  • Apr 14, 2010 6:20pm Apr 14, 2010 6:20pm
Quoting FxDwarf
I`ve made a long on 93.73 what should i do ?

Nevermind i lost +40 pips
Hey FxDwarf,
Sorry to hear about that trade. What made you decide to go long? Here is my chart of what I see/saw of UJ.

I think you got in the trade when it broke S/R 9360. As you can see on my chart, there are white hashes where the price made significant bounces in the past, so you might expect this to happen again in the future. I would not trade prices in between these 2 levels. I would ONLY trade bounces off, not accelerations through. The colored arrows are potential trades based on the previous S/R lines that developed. I don't know your experience in trading, but if you need some private help, I would be more than happy to answer any of your questions on a PM or in the forum. Hope everything works out for you.

My chart will be on my next post as I need to switch terminals.
  • #15,351
  • Apr 14, 2010 6:21pm Apr 14, 2010 6:21pm
Chart
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  • #15,352
  • Apr 14, 2010 6:23pm Apr 14, 2010 6:23pm
Quoting Saxon
Chart
Also, watch PA (Price Action) right before it hits these levels and don't just place trades blindly on these levels. These levels are just where it is more probable for a directional change. PA could move through, but you have a better chance of being right on these levels.
  • #15,353
  • Apr 15, 2010 2:38am Apr 15, 2010 2:38am
Quoting Kas1
right click on manual fibo and go into fibo properties and put %$ beside your level description

thanks Kas 1


looks like in the range for now ....just shorted ...
Attached Image
  • #15,354
  • Apr 15, 2010 7:50am Apr 15, 2010 7:50am
Quoting Saxon
Hey FxDwarf,
Sorry to hear about that trade. What made you decide to go long? Here is my chart of what I see/saw of UJ.

I think you got in the trade when it broke S/R 9360. As you can see on my chart, there are white hashes where the price made significant bounces in the past, so you might expect this to happen again in the future. I would not trade prices in between these 2 levels. I would ONLY trade bounces off, not accelerations through. The colored arrows are potential trades based on the previous S/R lines that developed. I don't know your...
FXdwarf still lucky, i made long at 93.87, and right now i have unrealized loss 60 pips. but i believe this pair still going up, it just the matter of time.
  • #15,355
  • Apr 15, 2010 10:36am Apr 15, 2010 10:36am
Quoting TheArcher


looks like in the range for now ....just shorted ...
gain +20pips
Attached Image (click to enlarge)
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  • #15,356
  • Apr 15, 2010 4:37pm Apr 15, 2010 4:37pm
Here is what I see for this pair. Right now we are on "00" 93. Since PA is slowing and speed is not that fast coming into "00", There is a potential to break. Below it I have TL that could cause friction, but I cannot see it bouncing PA. I will make a Buy @ ~ 0.0 Fib market in white box. This is also and intersection of LT TLs. If price does happen to bounce from curren "00" UTL will cause alot of friction and could wedge PA back to "00" I would make a small short with a tight stop at PA interaction with that TL. If Price somehow broke that TL, I would Place Short @ 93.6 with wider stops. I would only trade S/R for this pair right now.
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  • #15,357
  • Apr 15, 2010 9:51pm Apr 15, 2010 9:51pm
Saxon, sorry for askingm since i'm an engineer i dont know much about economix language, but what is PA, TL, LT, and ULT. thanks
  • #15,358
  • Apr 15, 2010 10:40pm Apr 15, 2010 10:40pm
selling more yen during the consolidation. lets hope london go easy on me.
  • #15,359
  • Apr 15, 2010 10:52pm Apr 15, 2010 10:52pm
Quoting yeri
Saxon, sorry for askingm since i'm an engineer i dont know much about economix language, but what is PA, TL, LT, and ULT. thanks
PA price action
TL trend line
LT long term
ULT lower-under TL
  • #15,360
  • Apr 16, 2010 2:16am Apr 16, 2010 2:16am
Hi Everyone,

In my opinion this pair is a buy right now target being 101 area. Stop below 91.20 for the next month or so depnding on how long it takes it play out.

Has respected the previous break of inverted H & S patterns formed over the last 5 months or so. Also hitting s/t trend channels... and... as we speak, looks like it is respecting it... 1HR/4HR candlestick will confirm.

Check out the attached chart. Apologies for the format but am at work at the moment.

Thoughts anyone...

I love these setups.

Rengu
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File Type: doc 2 USDJPY 16 Apr.doc   220 KB | 382 downloads
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