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USD/JPY Discussion

  • #15,661
  • Edited 11:02am May 23, 2010 10:51am | Edited 11:02am
yeri

well said !

generally ,

different people view the charts from different perspective ... scalp, intraday, short term , long term ... fundamental analysis , technical analysis, news release etc ... there are many ways to skin the cat ... the forum is about sharing different views ... to get a better perspective and to convince oneself of own conviction or otherwise....there is nothing wrong about differing views as long as they know what they are doing with conviction ... there is no need to brush everyone with the same brush ....

this thread has been " very mature and clean " , as far as i see from when i started posting in here since last Oct 09.... let's keep it that way always ... peace ..
  • #15,662
  • May 23, 2010 11:10am May 23, 2010 11:10am
i don't see any long not in yearly or monthly or weekly or daily or 4h or 1h
so maybe you are trading the decade chart heheheh.

keep up what you are doing so that we keep winning
When life gives you lemons, make lemonade
  • #15,663
  • May 23, 2010 11:29am May 23, 2010 11:29am
Quoting micho
i don't see any long not in yearly or monthly or weekly or daily or 4h or 1h
so maybe you are trading the decade chart heheheh.

keep up what you are doing so that we keep winning
thanks for the tip !

i'll sharpen my scalping skills ..

good quote : When life gives you lemons, make lemonade
  • #15,664
  • May 23, 2010 11:35am May 23, 2010 11:35am
but that doesn't mean my trade is 100% winning...
When life gives you lemons, make lemonade
  • #15,665
  • May 23, 2010 6:06pm May 23, 2010 6:06pm
Quoting micho
i don't see any long not in yearly or monthly or weekly or daily or 4h or 1h
so maybe you are trading the decade chart heheheh.

keep up what you are doing so that we keep winning
well that's because i have different analysis, and thanks for adding me more information.
  • #15,666
  • May 23, 2010 6:08pm May 23, 2010 6:08pm
Quoting micho
i don't see any long not in yearly or monthly or weekly or daily or 4h or 1h
so maybe you are trading the decade chart heheheh.

keep up what you are doing so that we keep winning
may i know why you short? what analysis do you have? and what chart are you using?
  • #15,667
  • May 23, 2010 6:15pm May 23, 2010 6:15pm
Quoting TheArcher
yeri

well said !

generally ,

different people view the charts from different perspective ... scalp, intraday, short term , long term ... fundamental analysis , technical analysis, news release etc ......
archer, sorry for reading my bad response here. i hope there is no another post that tickle me to response badly. same as you i was exist in this post because i need to gather information. and to share information. i hope there is none of my post is offending anybone here..
  • #15,668
  • May 23, 2010 9:28pm May 23, 2010 9:28pm
Anything can happen for this pair. For now, further downside is more likely.
  • #15,669
  • May 23, 2010 9:37pm May 23, 2010 9:37pm
Sometimes I see both GU and UJ move in a correlated fashion but very mechanical. The line chart prints square movements rather than the usual zigzag. What could be the reason for this?
  • #15,670
  • May 23, 2010 10:10pm May 23, 2010 10:10pm
Quoting micho
everyone who plays long on USDJPY now is a fool
Short term trend is bearish. Possibly until the 88.xx level. I'm buying at dips and made $. I'm certainly not a fool.
  • #15,671
  • May 23, 2010 10:18pm May 23, 2010 10:18pm
If 88.xx doesn't hold, I'll set SL @ 50 pips and long again @ 85.xx.
  • #15,672
  • May 23, 2010 10:23pm May 23, 2010 10:23pm
I think its long.... lets see what london and us session do...
  • #15,673
  • May 23, 2010 10:23pm May 23, 2010 10:23pm
Quoting yeri
may i know why you short? what analysis do you have? and what chart are you using?
other than rsi < 50 on all time frames and no divergence present and strong bearish volume on the weekly, nope sorry
When life gives you lemons, make lemonade
  • #15,674
  • May 23, 2010 10:25pm May 23, 2010 10:25pm
Quoting micho
First target is 87.76 adjustable if 90.46 breaks
Seems to me u have a unique strategy. I am unwilling to short the USDJPY (due to bad experiences in the past). So I only play long most of the time. Happy trading!
  • #15,675
  • May 23, 2010 10:40pm May 23, 2010 10:40pm
Quoting Usdjpy
Seems to me u have a unique strategy. I am unwilling to short the USDJPY (due to bad experiences in the past). So I only play long most of the time. Happy trading!
there is some rejection on the 89.7x level, may see 91 first but still only short positions allowed
When life gives you lemons, make lemonade
  • #15,676
  • May 23, 2010 10:58pm May 23, 2010 10:58pm
I will NOT be buying heavily @ 88.xx level. The daily candle formation suggests more downside. The major rally will happen (dunno when?), for now: the lows are not tested yet.
  • #15,677
  • May 23, 2010 11:06pm May 23, 2010 11:06pm
Quoting micho
there is some rejection on the 89.7x level, may see 91 first but still only short positions allowed
I have this funny feeling that if 88.xx doesn't hold, there will be a sharp dive towards 85.xx level. Let's wait and see.
  • #15,678
  • May 23, 2010 11:22pm May 23, 2010 11:22pm
Quoting Usdjpy
I have this funny feeling that if 88.xx doesn't hold, there will be a sharp dive towards 85.xx level. Let's wait and see.
i also have a second target at 87.67 but lets see if its gonna hit 91 or 88.76 first...
When life gives you lemons, make lemonade
  • #15,679
  • May 23, 2010 11:24pm May 23, 2010 11:24pm
Quoting Usdjpy
I have this funny feeling that if 88.xx doesn't hold, there will be a sharp dive towards 85.xx level. Let's wait and see.
If you arrive at 85, xx the Japanese government can intervene!
The Japanese companies will lose profits because of currency fluctuation.
In Japan, Honda, Canon, Sony, Toyota, already suffering losses and began to show signs of dissatisfaction over the price of the Japanese currency.
The government is eyeing the exchange, but so far only talks and no runs!! what we should expect this time?

Japan’s Kan Says Coordinated G-7 Action on Europe Not Necessary


http://www.bloomberg.com/apps/news?p...d=aP3_GDv7M3UE
  • #15,680
  • May 24, 2010 12:01am May 24, 2010 12:01am
The H1 chart I posted a couple of pages back is still in play......here is an M15 to consider. I see no reason to change my strategy at this time......
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