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USD/JPY Discussion

  • #15,481
  • Edited 9:14am May 14, 2010 7:59am | Edited 9:14am
Quoting Usdjpy
Watch the daily candle. A closing candle below 92.10 will start a short term bearish trend testing the lows of 91.xx and 90.xx levels. A closing candle above 93.40 will start a short term bullish trend testing 95.xx/96.xx levels.
Nothing much to do unless one of the above happens.
  • #15,482
  • May 14, 2010 9:25am May 14, 2010 9:25am
Seems like the downside is happening. I'm selling @ 92.55 TP 91.55
  • #15,483
  • May 14, 2010 10:42am May 14, 2010 10:42am
For longer term trading, buy @ 91.xx and 90.xx and hold for 3 to 6 months. Target 95.xx to 100.xx with SL @ 87.xx
  • #15,484
  • May 15, 2010 5:27am May 15, 2010 5:27am
USD/JPY : you are lucky you can buy at 91.xx i have to sleep so i put my long at 92.13 . next step is wait for this pair down to 90.xx to take another long. hopefully this will happen.
  • #15,485
  • May 15, 2010 5:44am May 15, 2010 5:44am
Quoting Usdjpy
Seems like the downside is happening. I'm selling @ 92.55 TP 91.55
Doesn't seems right. Already TP @ 91.85. Happy Trading!
  • #15,486
  • May 15, 2010 5:54am May 15, 2010 5:54am
Quoting yeri
USD/JPY : you are lucky you can buy at 91.xx i have to sleep so i put my long at 92.13 . next step is wait for this pair down to 90.xx to take another long. hopefully this will happen.
Hello Yeri, this pair is still ambiguous for now. I suspect its building downside momentum. As long as 93.60 is not breached, its gonna test the downside afew times before any rally. Buying @ dips.
  • #15,487
  • May 15, 2010 5:57am May 15, 2010 5:57am
Quoting Usdjpy
For longer term trading, buy @ 91.xx and 90.xx and hold for 3 to 6 months. Target 95.xx to 100.xx with SL @ 87.xx
This strategy is still valid. Entered a couple of new longs @ 91.85
  • #15,488
  • May 16, 2010 2:00am May 16, 2010 2:00am
@USD/JPY : do you think that this pair will test to 89.xx again or maybe 88.xx again? now i trade for two pair USD/JPY and USD/CAD, and was sure this pair will go to 95.xx or even 96.xx, i allready have 3 long position at 94.22, 93.22, and 92.13 so and now i have to plan my risk management so it would not bring me to margin call. i still can handle if this pair goes to 88.xx but if this pair back to 84.xx then i'm death.
  • #15,489
  • Edited 2:24am May 16, 2010 2:07am | Edited 2:24am
Quoting yeri
@USD/JPY : do you think that this pair will test to 89.xx again or maybe 88.xx again? now i trade for two pair USD/JPY and USD/CAD, and was sure this pair will go to 95.xx or even 96.xx, i allready have 3 long position at 94.22, 93.22, and 92.13 so and now i have to plan my risk management so it would not bring me to margin call. i still can handle if this pair goes to 88.xx but if this pair back to 84.xx then i'm death.
History had proven that anything could happen for this pair. Its important to keep a close watch at the daily closing candle. A close below 92.10 or above 93.40 will be indicative of where this pair is going.
  • #15,490
  • May 16, 2010 7:50am May 16, 2010 7:50am
yes i agree with you, so let see a few next day. i think two day next we allready can see the direction.
  • #15,491
  • May 16, 2010 9:44pm May 16, 2010 9:44pm
Quoting Usdjpy
This strategy is still valid. Entered a couple of new longs @ 91.85
Already TP @ 92.40.
  • #15,492
  • May 16, 2010 10:28pm May 16, 2010 10:28pm
Quoting Usdjpy
Hello Yeri, this pair is still ambiguous for now. I suspect its building downside momentum. As long as 93.60 is not breached, its gonna test the downside afew times before any rally. Buying @ dips.
It's happening again. Buying @ dips!
  • #15,493
  • May 16, 2010 11:56pm May 16, 2010 11:56pm
Bought @ 91.80 TP @ 92.00. Quickie pips.
  • #15,494
  • May 17, 2010 12:52am May 17, 2010 12:52am
Quoting Usdjpy
I suspect that it's building short term downward momentum.
Downside expected before the major rally. If 90.xx doesn't hold, set all SL to 50 pips. The new lows can be @ 83.xx / 85.xx
  • #15,495
  • May 17, 2010 3:24am May 17, 2010 3:24am
Not much action for past few days. A major move either UP/DOWN is coming!
  • #15,496
  • May 17, 2010 3:25am May 17, 2010 3:25am
@uSD/JPY : 88.xx level still have a chance to go there, but 83.xx or 85.xx this will be so hard to reach. and if it goes to that level i'm doomed.

but nothing is impossible. let see a few next week.
  • #15,497
  • May 17, 2010 3:33am May 17, 2010 3:33am
If 90.xx doesn't hold, 88.xx is the next target. However my experience with USDJPY is that it won't consolidate and move just 200 pips. If it moves after a period of consolidation, it's likely to be 400 to 500 pips. That's how I got the figure 83.xx / 85.xx.
  • #15,498
  • May 17, 2010 3:55am May 17, 2010 3:55am
quite an interesting method, ok then hopefully my margin can hold it if USD/JPY goes to that level since i allready open some long transaction before.
  • #15,499
  • Edited 7:20am May 17, 2010 3:57am | Edited 7:20am
The ideal scenario is a pullback to 90.xx level then an upswing to 95.xx/96.xx level. I'm still waiting for the day candle to form to confirm this.
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  • #15,500
  • May 17, 2010 4:21am May 17, 2010 4:21am
Quoting yeri
@USD/JPY : do you think that this pair will test to 89.xx again or maybe 88.xx again? now i trade for two pair USD/JPY and USD/CAD, and was sure this pair will go to 95.xx or even 96.xx, i allready have 3 long position at 94.22, 93.22, and 92.13 so and now i have to plan my risk management so it would not bring me to margin call. i still can handle if this pair goes to 88.xx but if this pair back to 84.xx then i'm death.
Hi yeri, you may wanna TP your 92.13 and free some "bullets". Just my 2cents.
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