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USD/JPY Discussion

  • #15,541
  • May 18, 2010 10:05pm May 18, 2010 10:05pm
Yesterday hit a closing candle @ 91.85. It's a confirmation of a short term downtrend target @ 90.xx.
  • #15,542
  • Edited 10:41pm May 18, 2010 10:11pm | Edited 10:41pm
Quoting TheArcher
help ! i still don't get ur view ...

do u mean something like this ... at 50% ?
Nope. Not 50% of high/low. Use 50% of candle bodies. Read the candle bodies, not high/low.
  • #15,543
  • May 18, 2010 11:19pm May 18, 2010 11:19pm
Quoting yeri
@indentify trend? where do you get that software...???? really cool i think and i need it to since i use oanda also.
Yeri, you can download it free to your iphone from itunes store..
its different from the old version of 'fxtrade mobile'

OLD VERSION-->
(To log in to your FXTrade account from your mobile device, just point its web browser to: http://m.fxtrade.com/).
For FXGame, point it to: http://m.fxtrade.com/fxgame.
http://2.bp.blogspot.com/_8texnURUcC...ile_sample.gif

Now with this iphone version you can have charts and other neat functions.

http://3.bp.blogspot.com/_8texnURUcC...320x480-75.jpg
http://3.bp.blogspot.com/_8texnURUcC...320x480-75.jpg
http://1.bp.blogspot.com/_8texnURUcC...320x480-75.jpg
  • #15,544
  • May 18, 2010 11:36pm May 18, 2010 11:36pm
Quoting Usdjpy
Yesterday hit a closing candle @ 91.85. It's a confirmation of a short term downtrend target @ 90.xx.
Here it comes. It will test the 90.xx level, possibly even 88.xx levels. Long term traders get ready to buy and hold to see 95.xx/100.xx (with 87.xx intact)
  • #15,545
  • May 18, 2010 11:45pm May 18, 2010 11:45pm
There are rumours that BOJ will intervene below 92.xx / 91.xx levels. Let's wait and see. Many years ago the BOJ intervened at anything below 100, the market still went as low as 80.xx before going up drastically. What can we deduce from this?
  • #15,546
  • May 19, 2010 12:01am May 19, 2010 12:01am
Quoting Usdjpy
Nope. Not 50% of high/low. Use 50% of candle bodies. Read the candle bodies, not high/low.
still don't get it ...

i notice low volatility where u have circled ... and range ...

nope ... can't figure it out ...

help !
  • #15,547
  • May 19, 2010 12:06am May 19, 2010 12:06am
Quoting TheArcher
still don't get it ...

i notice low volatility where u have circled ... and range ...

nope ... can't figure it out ...

help !
That's too bad. Find your own trading patterns and style then! Good Luck !
  • #15,548
  • Edited 12:30am May 19, 2010 12:17am | Edited 12:30am
Quoting Usdjpy
That's too bad. Find your own trading patterns and style then! Good Luck !
thank you .



(could have been good to have known ur style )
  • #15,549
  • May 19, 2010 12:18am May 19, 2010 12:18am
.
Attached Image
  • #15,550
  • Edited 1:18am May 19, 2010 12:42am | Edited 1:18am
Watch out for a bullish engulfing day candle. This will negate all downward momentum. Otherwise a test of 90.xx/88.xx is in place. Buying @ dips.
Attached Image
  • #15,551
  • May 19, 2010 1:06am May 19, 2010 1:06am
Quoting TheArcher
.
Are we looking at the same thing theArcher?
--> you're looking for a short at 61.8%
--> the daily PIVOT (92.43) and weekly PIVOT (92.44) are good areas of resistance

http://2.bp.blogspot.com/_8texnURUcC.../BlogForex.bmp
  • #15,552
  • Edited 1:36am May 19, 2010 1:24am | Edited 1:36am
Quoting Trad3r
An ultra high profitable trade is coming?

It seems that USDJPY is trying to breakout the most important support/resistance from time immemorial, what do you think?
Hi Trad3r, that's my sentiment too. 90.xx/88.xx is projected.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 18 KB
  • #15,553
  • May 19, 2010 2:12am May 19, 2010 2:12am
Checkout the daily chart.
Attached Image
  • #15,554
  • May 19, 2010 3:06am May 19, 2010 3:06am
Quoting Usdjpy
Watch out for a bullish engulfing day candle. This will negate all downward momentum. Otherwise a test of 90.xx/88.xx is in place. Buying @ dips.
Something's cooking on the downside. Anybody want to sell now? Selling @ 92.10 Done !
  • #15,555
  • May 19, 2010 3:11am May 19, 2010 3:11am
Quoting Usdjpy
Something's cooking on the downside. Anybody want to sell now? Selling @ 92.10 Done !
TP @ 91.65. Yeah !
  • #15,556
  • May 19, 2010 3:27am May 19, 2010 3:27am
Quoting yeri
US building permit and PPI shows a red number at forex factory, so i decide to to close my Long with 80 pips profit. i believe there is a short term bearish movement, it would be nice to take another long transaction.
@USD/JPY : i know you love this pair thats why you use this pair as your name in this forum.
Good for you! Lucky! Now the mkt is testing the lows again.
  • #15,557
  • May 19, 2010 4:07am May 19, 2010 4:07am
Quoting Yama Iama
Japanese automakers have made their prices and operational calculations in price "95 yen", so now the Japanese government is under pressure for the price of the Japanese currency. Certainly the government will buy dollars to maintain the price band at 92-95 yen per dollar. Large companies like Sony, Canon, Mazda, are already calling for a weaker yen. These stories were broadcast on Japanese channel this week. Come watch out!
Hi Yama Iama, that means you are buying USDJPY ? How low will it go before the upswing?
  • #15,558
  • May 19, 2010 4:12am May 19, 2010 4:12am
Quoting Usdjpy
There are rumours that BOJ will intervene below 92.xx / 91.xx levels. Let's wait and see. Many years ago the BOJ intervened at anything below 100, the market still went as low as 80.xx before going up drastically. What can we deduce from this?
Is it going to happen ? I'll be patient.
  • #15,559
  • May 19, 2010 4:16am May 19, 2010 4:16am
A friend of mine who is broker text me around about 1pm Singapore time to say that BOJ will not be intervening...

dont know if that helps or if you have heard the news already.. was about 4 hours ago..

PS: Im a newbie so any tips, recommendations (in terms of studying/learning) I mean would be gratefully appreciated!

thanks
"Millionaires don't use astrology, billionaires do"
  • #15,560
  • May 19, 2010 4:53am May 19, 2010 4:53am
Quoting Yama Iama
YEN = DOWN

http://bionicbong.com/japan/news/wea...ter-naoto-kan/
Very informative read. Thanks for sharing Yama Iama.
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