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USD/JPY Discussion

  • #16,861
  • Jul 7, 2010 10:09am Jul 7, 2010 10:09am
I hope us-yen wont break 87.... but the trend still downward..
patien.. patien......
Steady as the beating drum,,,
  • #16,862
  • Jul 7, 2010 10:42am Jul 7, 2010 10:42am
me too !!! i have long......
  • #16,863
  • Jul 7, 2010 11:13am Jul 7, 2010 11:13am
maybe test 87.65 if break that then go up.

if go down then i thing break 87.00

good luck
  • #16,864
  • Jul 7, 2010 11:21am Jul 7, 2010 11:21am
my short pos

sell @ 87.45

sl:87.70

tp1:87.10
  • #16,865
  • Jul 7, 2010 11:35am Jul 7, 2010 11:35am
Break 87,50 will bullish temporarly untill it break another level @ 87,68 then probably USDJPY will go up (as I hope so)
  • #16,866
  • Jul 7, 2010 12:24pm Jul 7, 2010 12:24pm
Quoting J.Giordano
Break 87,50 will bullish temporarly untill it break another level @ 87,68 then probably USDJPY will go up (as I hope so)
I went from 1min to 5min to 15min to 1hr to 4hr.. and finally 1d in my trading career Now I found the peace of mind I needed

I´m going long on the reversal, place a stop loss under the lowest low and go out in the sun and play!
"White collar crime deserves a blue collar beating!" - 8fingers
  • #16,867
  • Jul 7, 2010 3:17pm Jul 7, 2010 3:17pm
Going long, and into the sun
"White collar crime deserves a blue collar beating!" - 8fingers
  • #16,868
  • Jul 7, 2010 4:58pm Jul 7, 2010 4:58pm
The Yen is going to take a huge hit. Risk appetite increasing, while the Japanese economy is hurting big time. Japanese core machinery orders down 9.1%, while the current account increased 20% less than expected. Today's numbers shift the fundamental scale towards the USD. I expect a rise over the next couple day towards 90.
  • #16,869
  • Jul 7, 2010 7:37pm Jul 7, 2010 7:37pm
i hope so, lets wait this pair to break the 90.xx level.
  • #16,870
  • Jul 7, 2010 7:45pm Jul 7, 2010 7:45pm
I finally got back in long on this one guys/gals. Long on the break of that daily pin bar in and 88.00 big round number (BRN). trade is +40 with stop @ +5

first target is 90.00
  • #16,871
  • Jul 7, 2010 8:19pm Jul 7, 2010 8:19pm
today, i think maximum it will reach 88.70..
i will take profit at that level and wait for low swing for another buy position...
Steady as the beating drum,,,
  • #16,872
  • Edited 8:34pm Jul 7, 2010 8:28pm | Edited 8:34pm
Quoting uraceulose
I finally got back in long on this one guys/gals. Long on the break of that daily pin bar in and 88.00 big round number (BRN). trade is +40 with stop @ +5

first target is 90.00
Nice one Donnie.......I got 8740.....just above the S1 yesterday. I was going to shoot for 87 flat, but I chickened out! I have the stop at be+10 and I'm hold this trade until it either gets stopped out or we reach 100!

Of course I'll make other trades in the meantime, I just want to see how this goes long term.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,873
  • Jul 7, 2010 8:31pm Jul 7, 2010 8:31pm
another position break..it will continue bullish for temp
  • #16,874
  • Jul 7, 2010 9:16pm Jul 7, 2010 9:16pm
Quoting realjumper
Nice one Donnie.......I got 8740.....just above the S1 yesterday. I was going to shoot for 87 flat, but I chickened out! I have the stop at be+10 and I'm hold this trade until it either gets stopped out or we reach 100!

Of course I'll make other trades in the meantime, I just want to see how this goes long term.
I'm in the same boat with ya here brother. You beat me on the entry cause I chickened out to be honest. I tried two other longs at 90.00 and 88.50. Was thinking 85 could come into the realm of possibility??? we still haven't hit any major resistance but that pinbar and the bar that's 5 back definitely appears to have more buying than selling going on over a period of all 5 daily bars really

later

Donnie:nerd:
  • #16,875
  • Jul 8, 2010 1:19am Jul 8, 2010 1:19am
USDJPY is a classic pair for Fundamental vs Technical analysts.

According to charts, it has to go down down and down more till it reaches 85.00.
Yet some would explain that the recent rebound (from 86.95) is just a mere retrace from oversold levels.
Fundamentalists would claim that JPY is just plain too expensive for Japan to make ends meet and therefore would intervene soon. We have heard this statement since USDJPY hit 100.00, when it hit 95.00 when it hit 90.00 and so on.. yet it kept falling down.
Some Fundamentalists would claim that JPY is considered as "safe haven" currency and therefore reacted accordingly as it is right now (ie, JPY getting stronger amidst the threat of recession).

Japan will be having an election this weekend. Let us see how Tech vs Fundy compares when it comes next week.

Personally, I am LONG 88.8, 88.5, 87.70 and 87.05... I am LONG simply because I betting on it. No TA no FA just BET/GAMBLE.
  • #16,876
  • Jul 8, 2010 3:06am Jul 8, 2010 3:06am
Any idea ...!?

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-h4.jpg Size: 224 KB
R & S , That Is All !...
  • #16,877
  • Jul 8, 2010 3:16am Jul 8, 2010 3:16am
Quoting Amie_Senior
Any idea ...!?

Nope, sorry. I've never understood those patterns. There was a poster on the eur/usd thread last year and she was a real exponent of the Gartly patterns, but I never did grasp the idea.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,878
  • Jul 8, 2010 3:20am Jul 8, 2010 3:20am
Quoting realjumper
Nope, sorry. I've never understood those patterns. There was a poster on the eur/usd thread last year and she was a real exponent of the Gartly patterns, but I never did grasp the idea.
It's the same person real! I'd be confused with multiple usernames as well
Nothing worth having is easy.
  • #16,879
  • Jul 8, 2010 3:29am Jul 8, 2010 3:29am
Quoting Patience
It's the same person real! I'd be confused with multiple usernames as well
Ah hah!! Funny you should say that Patience, that thought crossed my mind when I saw the chart........
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,880
  • Jul 8, 2010 4:10am Jul 8, 2010 4:10am
Quoting realjumper
Ah hah!! Funny you should say that Patience, that thought crossed my mind when I saw the chart........
Oh, you guys, you're so gullible Always good for a giggle though. First time I'd seen someone create another username to wish themselves a happy birthday Must of got tired of being a cow girl .....

I see you use FXCM. Lots of retail traders been long on this for a fair few weeks and no doubt to the forex gods. This is today's reading. Looks like they are slowly changing their bias.

USDJPY - The ratio of long to short positions in the USDJPY stands at 3.29 as nearly 77% of traders are long. Yesterday, the ratio was at 4.37 as 81% of open positions were long. In detail, long positions are 11.5% lower than yesterday and 17.4% weaker since last week. Short positions are 17.8% higher than yesterday and 32.3% stronger since last week. Open interest is 6.0% weaker than yesterday and 94.6% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.
Nothing worth having is easy.
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