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USD/JPY Discussion

  • #15,961
  • May 30, 2010 12:53am May 30, 2010 12:53am
Quoting hungle
Hi TheArcher,
Belongs to your charts. Do you really mean that the pairs is uptrend ? And one more question, With that retracement will the pairs going up strong for the next opening of the market?
Thank you dear,
hi !

Where do i start ...? ok , ... firstly, my horizon of view is not very long term ... i am a short term palyer .. so, i cannot comment on how the future will unfold ... i am very technical analysis based .. i watch the charts .. and make decisions on what i perceive at that moment.

My thoughts for the immediate short term ....

Daily chart : the price just penetrated the resistance 90.83... punctured the fibo38.2% ... if it would continue from there or not, i wouldn’t know ... but i think the bias is on uptrend (based on sentiments) ... trying to climb up to the surface from where they fell unexpectedly from within the channel ....... macd looks bullish , in line with perceived uptrend , OsMA(histogram) picking up ... momentum build up .....

Hourly chart : breaking out of range after a few days gives hope to the idea that uptrend is a possibility .... my dare is that if this latest uptrend (upswing) is the wave 1 of EW followed by wave 2 retracement at 61.8% .... and hence it might do a 1-2-3 ..

Just a few thoughts that crossed my mind ... hope this ramblings makes sense .... caveat emptor

also reads others comments and make your own conclusion ... good luck

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  • #15,962
  • Edited 7:10am May 30, 2010 1:03am | Edited 7:10am
daily chart : zoomed out
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  • #15,963
  • May 30, 2010 1:06am May 30, 2010 1:06am
Quoting realjumper
Oh dear.......
Thx for the heads up man.
  • #15,964
  • May 30, 2010 1:24am May 30, 2010 1:24am
Quoting micho
anybody who plays this pair long is a fool you will win 10, 20, 30 here and there and by the end you will lose all your money
care to share ur thought process .... ?

i notice that u have posted more than 4000 postings in here ... surely u must be on top of things ..

loading up charts will be also helpful to see things in perspective ... we may learn something new from ur perspective

u may never know ... someone might be thankful to u for helping and might be grateful for saving us some money ...

thanks
  • #15,965
  • May 30, 2010 4:58am May 30, 2010 4:58am
Quoting realjumper
Oh dear.......
are you USD/JPY?

something i notice last week USD/JPY more than 70% stays at 90.xx level and 30% lays on 89.xx level. even if the USD/JPY goes to 89.xx it only take a few hour to go back to 90.xx level.
  • #15,966
  • May 30, 2010 12:04pm May 30, 2010 12:04pm
Quoting yeri
are you USD/JPY?
LOL! Yeah, I wonder how many people he "is" on the thread?
Forums are some funny shit, for sure!
  • #15,967
  • May 30, 2010 12:09pm May 30, 2010 12:09pm
Quoting TheArcher
care to share ur thought process .... ?

i notice that u have posted more than 4000 postings in here ... surely u must be on top of things ..

loading up charts will be also helpful to see things in perspective ... we may learn something new from ur perspective

u may never know ... someone might be thankful to u for helping and might be grateful for saving us some money ...

thanks
Price should touch the first red line which is the first target. Once this first red line is hit, you set the stop loss to break even in case your trade is still in positive territory. If you are in negative territory you have to close it.
If we break the high again, you adjust the target higher.
Overall trend is down on all the time frames above 1H.
If you trade lower time frames 15M and below, you can play long but you will be taking a risk against the higher time frames that's why i don't play lower than 4H charts.
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When life gives you lemons, make lemonade
  • #15,968
  • May 30, 2010 2:24pm May 30, 2010 2:24pm
Nice Micho. I'll be sure and post up with analysis when I take a trade this week..although I have not been trading this pair as much this last month or so.

I just see it different I guess on the longer TF stuff. I have a little bit of a skewed opinion I'm sure because of the fundamental problems that Japans economy has too.

On the weekly, I just see that we are close to a low point where it seems that we haven't been able to break in the last 20 years or so..
daily, I definitely see ranging maybe still bias to the north just because we seem to have VERY hard time breaking through the bottom and holding.
4hr is a little tougher because of the huge recent spike but here's my fib.
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Good luck to all trading this week.
  • #15,969
  • May 30, 2010 3:14pm May 30, 2010 3:14pm
Uptrend untill 93.62
If he go too under 89.81 after that we can see 88.25 / 8813

http://www.iran-forex.com/images/for...py20100529.gif
A little beginner trader since 2006
  • #15,970
  • May 30, 2010 5:08pm May 30, 2010 5:08pm
Quoting yeri
are you USD/JPY?
Nope, I am RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,971
  • May 30, 2010 5:52pm May 30, 2010 5:52pm
I realize the general sentiment in here is bullish and while I've never posted in this thread (I don't think) I thought I'd share this:

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In my experience, patterns that appear @ S/R or trendlines usually complete.
Every time you use 'hopium' in a post, God kills a kitten.
  • #15,972
  • May 30, 2010 6:44pm May 30, 2010 6:44pm
Quoting profxtrader
I realize the general sentiment in here is bullish and while I've never posted in this thread (I don't think) I thought I'd share this:
In my experience, patterns that appear @ S/R or trendlines usually complete.
Thanks....you're quite right, imo. The upper trendline is the one to be watching......

I've added you H4 TL to the H1 channel I've been watching..the first hurdle will be the H4 TL, which is being tested as we speak.....the second will be the channel....fwiw....
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,973
  • May 30, 2010 8:28pm May 30, 2010 8:28pm
good news for us to put more long at this pair...

http://preview.bloomberg.com/news/20...onth-drop.html
  • #15,974
  • May 30, 2010 8:31pm May 30, 2010 8:31pm
another news : http://preview.bloomberg.com/news/20...estimates.html

for me to make the Japan Industrial raise their sales and production, Yen must be weaker then current price.
  • #15,975
  • May 30, 2010 9:52pm May 30, 2010 9:52pm
hello friends, after a weekend of diving, now start again!
good business for everyone!
what can we expect on this pair this week?? usd/jpy?
  • #15,976
  • May 30, 2010 10:04pm May 30, 2010 10:04pm
Quoting Mary Silvert
hello friends, after a weekend of diving, now start again!
good business for everyone!
what can we expect on this pair this week?? usd/jpy?
Hello Mary.....so you scuba dive?.....I skydive.....so we are opposit!!

I'm not sure whether you read this post but if you would like the PDF's, send me a PM with your email address and I'll send them to you. I can't post them here because one of them is 3.4mb and so it's too big to post here.

As for this week...well, it's very hard to say. I'm still holding my long from 90.30 and I'm looking to enter another long depending on whether this retraces back to the daily R1 or whether it crashes through it. My feeling is that we wll head on up to test 94.7 this week, but this is ONLY my opinion, and has nothing much else to back it up with at this stage.

You'll have to make your own plan
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,977
  • May 31, 2010 12:01am May 31, 2010 12:01am
the dollar is breaking all resistance! breaking is easy! but gave low, it appears that up to're easy! This very interesting behavior of USD!
  • #15,978
  • May 31, 2010 12:01am May 31, 2010 12:01am
Quoting realjumper
Hello Mary.....so you scuba dive?.....I skydive.....so we are opposit!!

I'm not sure whether you read this post but if you would like the PDF's, send me a PM with your email address and I'll send them to you. I can't post them here because one of them is 3.4mb and so it's too big to post here.

As for this week...well, it's very hard to say. I'm still holding my long from 90.30 and I'm looking to enter another long depending on whether this retraces back to the...
hello just even diving into the sea that we relieve the stress!
my email is [email protected]
thank's
good profits for you!
  • #15,979
  • Edited 12:36am May 31, 2010 12:15am | Edited 12:36am
Quoting micho
Price should touch the first red line which is the first target.
why should it be so ? any other reasons ? .... any fundamental reasons ..?

Quoting micho
Overall trend is down on all the time frames above 1H.
reasonable ... pondering over it ..

-------------------

i see the monthly, weekly, 4H as thus and thinking over what u had said :
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  • #15,980
  • May 31, 2010 12:19am May 31, 2010 12:19am
1 hr chart :

divergence formed ... ?

pin bar ... ?
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