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USD/JPY Discussion

  • #15,841
  • May 25, 2010 6:23pm May 25, 2010 6:23pm
Quoting realjumper
Even when it's technically oversold, that doesn't mean that it can't continue to sell. For example, the eur/usd has been well oversold for quite some time, yet it continues to sell!

The usd/jpy may resume it's bear direction....we have to trade things as we see them. I kind of expect it to have another go at breaking the lower trendline on the daily chart, but I will take a small long if it trys to break the trendline but fails.

For me, this is a difficult time because there is no way to know whether a continuation of the bear trend is imminent,...
I'm taking a shot at long from here. It could go down more, but I'm hoping it climbs back up the fan.
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  • #15,842
  • May 25, 2010 6:31pm May 25, 2010 6:31pm
Quoting 2+2=4ex
I'm taking a shot at long from here. It could go down more, but I'm hoping it climbs back up the fan.
Definitely worth a shot dude.....I see it's going to (maybe) bounce of the PP, so it's worth a try....good luck
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,843
  • May 25, 2010 6:46pm May 25, 2010 6:46pm
Quoting Usdjpy
I have very high qualifications in business but I chose to quit my full-time job 5 years ago. (USD100K p.a. job) Have been trading FX ever since. It's the best career decision I've ever made. I started trading with USD10k, now my account is so big that I only trust banks to handle my transactions.
geess how lucky are you, nice story, and make me want to be like you. ha3. btw are you still holding you long?
last movement this pair is fail to touch 88.90 and 87.xx. very strong support at 89.2x.

i agree that BOJ never intervene directly(directly for me is like putting a lot of money to buy dollar), in my experience they really want to make the market it self pushing dollar stronger. last time this pair touching 84.xx if i'm not wrong BOJ just putting more loan into the market. and offcourse intervene verbally.
  • #15,844
  • Edited 8:20pm May 25, 2010 8:10pm | Edited 8:20pm
I'm just consistently lucky, thats all. Currently I have no position. Waiting to go long, but this pair refuses to come down. Now @ 90.xx level, if it breaks upwards to the 91.00/91.10, the trend will change to target 93.50/95.xx level.
  • #15,845
  • May 25, 2010 8:12pm May 25, 2010 8:12pm
The 3 day bearish candle pattern had been broken. Market has no direction for now. Risk is to the upside to test 91.00/91.10.
  • #15,846
  • May 25, 2010 8:30pm May 25, 2010 8:30pm
As long as 91.00/91.10 is intact, the downward trend should resume.
  • #15,847
  • May 25, 2010 9:10pm May 25, 2010 9:10pm
It is seems to that bears won't fight again. Now the long side momentum is building up, if it holds up above 90, it is deffinitly long for one or two! Don't think I'm trading blindly, I'm just seeing the price action here, no indicators involved. So whatever you say short at pivot, fibo, stoch macd, it doesn't matter I will trade with PA. If it goes up wich I think it will soon, then you guys will be talking taking long etc even the bulls losed a momentum. That's what separetes man from boys.
  • #15,848
  • May 25, 2010 9:24pm May 25, 2010 9:24pm
I'M WAITING FOR DAYS AND DAYS BIG TIME! THE LEVELS OF 93.XX ~ 95.XX ~

WHEN THE WORLD BECOMING CALM, THIS IS THE MOMENT.
EUROPE, KOREA, EURO, SPAIN, ... HAD TO FALL IN OBLIVION
  • #15,849
  • May 25, 2010 10:19pm May 25, 2010 10:19pm
Strong support @ 88.95/89.25 level. Is the low done for this year? Let's wait and see. I might had missed the boat to buy......
  • #15,850
  • May 25, 2010 10:42pm May 25, 2010 10:42pm
@USD/JPY: if i see to your post, you can watch the trend every minute. ha3. so you would not miss anything except when you are sleep. the problem is with me, i'm an engineer and can not see the trend every minute. ha3. and a lot of time i miss the movement. but thats is okay. as long as i'm still get some profit. thats enough for me..
  • #15,851
  • May 25, 2010 11:03pm May 25, 2010 11:03pm
Quoting yeri
@USD/JPY: if i see to your post, you can watch the trend every minute. ha3. so you would not miss anything except when you are sleep. the problem is with me, i'm an engineer and can not see the trend every minute. ha3. and a lot of time i miss the movement. but thats is okay. as long as i'm still get some profit. thats enough for me..
I can't watch the market every minute. Who can 24/7 watch the market? Yes, we have to sleep while the market moves. This is a risky business and we have to learn to deal with it.
  • #15,852
  • May 25, 2010 11:05pm May 25, 2010 11:05pm
Quoting Usdjpy
Strong support @ 88.95/89.25 level. Is the low done for this year? Let's wait and see. I might had missed the boat to buy......

I'm feeling this!
do not go to 89.20 or 88.xx again??
I am also worried about this!
was it yesterday on limit to buy at prices so low?
cruel doubt!
as are the Candle daily???
  • #15,853
  • May 25, 2010 11:29pm May 25, 2010 11:29pm
What is your opinon on this? I have a limit order to sell USD/JPY pair at 90.50. That's the upper limit of the range this pair been trading since around 20th May. Stop loss at 90.62. T/P at lower ranging level at 89.50
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  • #15,854
  • May 25, 2010 11:52pm May 25, 2010 11:52pm
I am still cautious about this rally.....another visit to 89.40 is still possible until we see a break of 90.80 or thereabouts......
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,855
  • May 25, 2010 11:59pm May 25, 2010 11:59pm
Quoting realjumper
I am still cautious about this rally.....another visit to 89.40 is still possible until we see a break of 90.80 or thereabouts......
My sentiments exact. From the daily candle, its not a strong bull. I don't think this pair will go north much until the lows are tested again.
  • #15,856
  • May 26, 2010 12:06am May 26, 2010 12:06am
now the couple is walking on the side!

top side - 90.60

bottom - 89.20

CRUEL DOUBT THAT !!!!!

A FIGHT BETWEEN BULLS AND BEARS, is neutralized?
CAN PROVIDE SOME INDICATOR some inside information?
  • #15,857
  • May 26, 2010 12:07am May 26, 2010 12:07am
Quoting dexterific
What is your opinon on this? I have a limit order to sell USD/JPY pair at 90.50. That's the upper limit of the range this pair been trading since around 20th May. Stop loss at 90.62. T/P at lower ranging level at 89.50
I won't sell at that price. A better short position would be 91.10 level. Technically speaking, selling is not advised. To put a SL @ 12 pips away will definitely get hit. Maybe you want to change the SL to 91.20 ?
  • #15,858
  • May 26, 2010 12:10am May 26, 2010 12:10am
Quoting Usdjpy
My sentiments exact. From the daily candle, its not a strong bull. I don't think this pair will go north much until the lows are tested again.
Yep.....I have a pending buy in at 89.50, but in the meantime I'll just buy the dips and sell the rallys as best I can.......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,859
  • May 26, 2010 12:26am May 26, 2010 12:26am
Another one of those slow days. Asian session not much action, let's see what the London and European sessions do.
  • #15,860
  • May 26, 2010 12:44am May 26, 2010 12:44am
EVERYTHING STOPPED! VERY LITTLE VOLATILITY.
... AT LEAST FOR NOW!

A JAPANESE STOCK EXCHANGE CLOSED ON HIGH, THE INVESTOR Risking more TODAY!
IS THAT THE AMERICAN STOCK EXCHANGE WILL follow that trend?
WE EXPECT TO SEE?
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