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USD/JPY Discussion

  • #15,701
  • May 24, 2010 5:40am May 24, 2010 5:40am
Today will be a slow day. It's not going anywhere.
  • #15,702
  • May 24, 2010 5:44am May 24, 2010 5:44am
Quite the opposite.
Equity futures have already started to swing heavily.
  • #15,703
  • May 24, 2010 5:44am May 24, 2010 5:44am
Quoting Usdjpy
Today will be a slow day. It's not going anywhere.
I've been buying the dips here and a couple on cable too....just 20 or 30 pips at a time....they all add up.

It's 10.45pm here so not sure how long I'll stay for.....certainly won't be leaving any trades open tonight!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,704
  • May 24, 2010 5:49am May 24, 2010 5:49am
Quoting realjumper
I've been buying the dips here and a couple on cable too....just 20 or 30 pips at a time....they all add up.

It's 10.45pm here so not sure how long I'll stay for.....certainly won't be leaving any trades open tonight!
If it moves, more likely is southwards. 88.xx must be tested before any upswing. Glad to know you're profitable too.
  • #15,705
  • May 24, 2010 6:05am May 24, 2010 6:05am
Quoting Usdjpy
If it moves, more likely is southwards. 88.xx must be tested before any upswing. Glad to know you're profitable too.
Thanks.

This type of crap PA is not the kind I like to trade.....in fact I'm not that goodwith it.....so I just take what I can, trading off retracements with the trend, provided a trend exists of course. If a decent move comes when I'm already in the trade, perfect.....if not, well, another trade will be along sooner or later, and in the meantime I'll keep collecting 20's and 30's with the occassional 40.

One day the long term trend will return......one day!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,706
  • May 24, 2010 6:33am May 24, 2010 6:33am
With most of european banks on holiday, trading should be thin.
  • #15,707
  • May 24, 2010 7:16am May 24, 2010 7:16am
Quoting Mary Silvert
The Japanese Minister Naoto Kan, should look at this forum! mainly this topic! The forecasts which are published here are perfect!

Very interesting look at his comments on USD / JPY.
High degree of accuracy!

Congratulations to you all!

What do you think of buying 88.90?? starting this week?
Marry: if this pair is touching 88.90 again, i think this pair will absolutely try to deep more north to 88.00 and even 87.xx but if you trade monthly then 88.90 is a good level to put long. or if you have enough passion. just try to wait for this pair to go lower(if it touch 88.90 again).
my self allready open long at 89.20 and will open more long if this pair goes more north(87.70 and 86.20 at my automatic order).
  • #15,708
  • May 24, 2010 7:22am May 24, 2010 7:22am
watch for the "Existing new Home Sales" report for US today. i think there will be no big movement. but i think we still need to aware for this news. just in case the worst thing happen.
  • #15,709
  • May 24, 2010 7:33am May 24, 2010 7:33am
such a dull trading day... however i still hold my shorts
When life gives you lemons, make lemonade
  • #15,710
  • May 24, 2010 8:01am May 24, 2010 8:01am
Quoting Usdjpy
The candle patterns suggest that its building momentum for the downside. Likely to test the lows of 88.xx and 85.xx. Any movement upside will be limited by 91.00 for now.
This scenario is still in play.
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  • #15,711
  • May 24, 2010 8:38am May 24, 2010 8:38am
A closing candle above 91.00 would signal an upswing to the high of 93.50 / 95.xx. A closing candle below 88.50 would signal a downward dive to 87.xx / 85.xx. If the day candle is very fast, don't buy @ 88.xx. Don't catch a falling knife. If the day candle is slow and took a few days to develop, buy @ 88.xx !
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  • #15,712
  • May 24, 2010 9:07am May 24, 2010 9:07am
Dollar to Become ‘Growth Currency’ During Next Decade

http://www.bloomberg.com/apps/news?p...pFkIA174&pos=6


SOMEONE BELIEVES IN THIS FORECAST ON USD $ $ $?
  • #15,713
  • May 24, 2010 9:15am May 24, 2010 9:15am
positive Existing Home Sales .... will there be some action upwards ? ... or will it be dull due to bank holidays ...?

keeping sight on the direction ... steady .. steady ..
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  • #15,714
  • May 24, 2010 9:31am May 24, 2010 9:31am
Quoting Usdjpy
I'm currently trading with a few banks. Their leverage are all 100:1. I'm trading standard sized contracts of 100,000. Usually I will put 05 lots per trade. At good prices, I'll sometimes put up to 20 lots per trade. Yes I have a big account and I'm profitable.
Any Other Bigtimers here ?
  • #15,715
  • May 24, 2010 9:36am May 24, 2010 9:36am
will break 90.53 and breakout ..... or lose steam and fall back ...?
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  • #15,716
  • May 24, 2010 9:39am May 24, 2010 9:39am
Quoting Usdjpy
Any Other Bigtimers here ?
my guess is ....

most of us here are novices, beginners , learners , small fries ....

*grinning from ear to ear *
  • #15,717
  • May 24, 2010 10:50am May 24, 2010 10:50am
very tired .. off to bed .. perhaps because of bank holidays ... low volatility ...
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  • #15,718
  • May 24, 2010 7:10pm May 24, 2010 7:10pm
Quoting Usdjpy
Any Other Bigtimers here ?
Size is not important dude.....it's how you use it that matters
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,719
  • May 24, 2010 7:18pm May 24, 2010 7:18pm
After earlier weakness, the USD JPY strengthened after the U.S. stock market firmed. Earlier in the session, investors were selling the Dollar/Yen in anticipation of a flight-to-safety rally. The recovery rally in the U.S. stock market has helped ease demand for lower yielding assets. Traders are also a little nervous about holding long Yen because of the threat of a government intervention.

Source
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,720
  • May 24, 2010 10:10pm May 24, 2010 10:10pm
Quoting realjumper
Size is not important dude.....it's how you use it that matters
I agree with you. What will be the low for this year? Any ideas?
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