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USD/JPY Discussion

  • #16,301
  • Jun 7, 2010 7:03am Jun 7, 2010 7:03am
im long in gold with 2 positions @ 1214.08
target 1 @1223.99
target 2 @1232.32
When life gives you lemons, make lemonade
  • #16,302
  • Jun 7, 2010 7:13am Jun 7, 2010 7:13am
To be honest I believe UsdJpy will drop from these levels (91.90ish) down to 90.90ish...

Thats what I am guessing. Last Friday's downward movement started a medium term downtrend if you ask me.

HOWEVER if price stalls above 92.00 for a while than yes it might go upwards.
  • #16,303
  • Jun 7, 2010 7:39am Jun 7, 2010 7:39am
If can clear the 92.25 likely 93 will be seen.
A little beginner trader since 2006
  • #16,304
  • Jun 7, 2010 9:17am Jun 7, 2010 9:17am
Quoting micho
im long in gold with 2 positions @ 1214.08
target 1 @1223.99
target 2 @1232.32
targets adjusted
@1223.68
@123193
stop loss at BE when we reach 1220.14
When life gives you lemons, make lemonade
  • #16,305
  • Jun 7, 2010 9:25am Jun 7, 2010 9:25am
Quoting micho
targets adjusted
@1223.68
@123193
stop loss at BE when we reach 1220.14
stop loss at BE
When life gives you lemons, make lemonade
  • #16,306
  • Jun 7, 2010 9:27am Jun 7, 2010 9:27am
+96 first target
When life gives you lemons, make lemonade
  • #16,307
  • Jun 7, 2010 9:35am Jun 7, 2010 9:35am
Short at 91.85
Make your losses in demo. Earn your profits live.
  • #16,308
  • Jun 7, 2010 10:05am Jun 7, 2010 10:05am
Quoting micho
+96 first target
target two hit +178
When life gives you lemons, make lemonade
  • #16,309
  • Jun 7, 2010 10:12am Jun 7, 2010 10:12am
Quoting Forexia
Short at 91.85
I would long usdjpy as long as 89.70 hold...4hr charts look positive. s&p should have some more room to upside...I long it at 91.30 last nite after it broke out asian session high. Now i put my SL @ breakeven after my target1 hits
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  • #16,310
  • Jun 7, 2010 10:47am Jun 7, 2010 10:47am
By closely following the price-action today and friday I think UJ would shoot straight to 100 in 3-4 days if the risk-aversion wasn't as high as it currently is.

Say what you want, this pair is going far north as soon as the market starts to calm down. Time to start loading up those longs.
I bet whats causing it is monetary policy expected to be loosened and the effect Europe will have on their exports. Maybe to simple?
  • #16,311
  • Jun 7, 2010 10:56am Jun 7, 2010 10:56am
I've rolled 1 long position on USDCAD @1.05516
target not yet defined

note its a weak signal and means dont imitate
When life gives you lemons, make lemonade
  • #16,312
  • Jun 7, 2010 1:47pm Jun 7, 2010 1:47pm
Quoting micho
I've rolled 1 long position on USDCAD @1.05516
target not yet defined

note its a weak signal and means dont imitate
target @1.06257
When life gives you lemons, make lemonade
  • #16,313
  • Jun 7, 2010 3:04pm Jun 7, 2010 3:04pm
Quoting micho
target @1.06257
wtf dude, post this crap on another thread. If people wanted to read your trade journal, I'm sure they will follow you there.
  • #16,314
  • Jun 7, 2010 3:28pm Jun 7, 2010 3:28pm
Quoting wontfindanam
wtf dude, post this crap on another thread. If people wanted to read your trade journal, I'm sure they will follow you there.
When life gives you lemons, make lemonade
  • #16,315
  • Jun 7, 2010 3:45pm Jun 7, 2010 3:45pm
The USDJPY steady is up and the EURJPY cross is lower. Japanese public finances are a worry, however JGB bonds are mostly owned by Japanese. The government wants a lower exchange rate and has warned the markets about the JPY. It also has been pressing the BOJ to promote growth.
A little beginner trader since 2006
  • #16,316
  • Jun 7, 2010 3:47pm Jun 7, 2010 3:47pm
Quoting micho
target @1.06257
nice call. milion thanks micho.
A little beginner trader since 2006
  • #16,317
  • Jun 7, 2010 4:11pm Jun 7, 2010 4:11pm
Quoting micho
I've rolled 1 long position on USDCAD @1.05516
target not yet defined

note its a weak signal and means dont imitate
Quote
target @1.06257

target @1.0695
When life gives you lemons, make lemonade
  • #16,318
  • Jun 7, 2010 8:15pm Jun 7, 2010 8:15pm
Quoting FX-Petra
Still holding 1 short for a breakdown---Tp still @ 86.00. I've been in this trade for almost 3 months. Took 1/2 2 weeks ago with the big spike down. Holding the rest. Good luck and good trades to all.

Regards
Still hanging in there with this long term short. I must say that I am suprised that w UJ has not gone sub 90.00 and stayed there. I still believe there is room for a big push down.... but as the weeks roll buy I am starting to doubt myself. A move back to 89.00 area would probably entice me to close the postion, although I would like to stick to my guns at 86.00 area. We'll see what happens. Good trades to all.
  • #16,319
  • Jun 7, 2010 8:22pm Jun 7, 2010 8:22pm
Quoting FX-Petra
Still hanging in there with this long term short. I must say that I am suprised that w UJ has not gone sub 90.00 and stayed there. I still believe there is room for a big push down.... but as the weeks roll buy I am starting to doubt myself. A move back to 89.00 area would probably entice me to close the postion, although I would like to stick to my guns at 86.00 area. We'll see what happens. Good trades to all.
We are on opposit sides of the coin......I'm still building longs for 100+. I take profts when the follow through doesn't happen, but I'm still pretty sure that sooner or later one of the long term longs will stick......Good luck to you too
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,320
  • Jun 7, 2010 10:52pm Jun 7, 2010 10:52pm
I still believe that we will see 93.00 before it resume its downtrend to 88.12. Many traders are calling for 95 but I think it won't happen. Let's observe what happens next.
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