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USD/JPY Discussion

  • #16,881
  • Jul 8, 2010 6:19am Jul 8, 2010 6:19am
Quoting Patience
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.

[font=Arial]USDJPY - The ratio of long to short positions in the USDJPY stands at 3.29 as nearly 77% of traders are long. Yesterday, the...
Oh you were talking about the cowgirl....I was talking about Hasnaa

Yep, although there are plenty of bleaters (sheep term!) out there, FXCM has been fine for me. It's interesting that short positions are higher, I'm guessing that those shorters are thinking that the recent climb was a pullback to correct the oversold condition? Perhaps they're right. I'll hang on to my long term long though and if it gets stopped out at +10, so be it. I'm really only doing it to keep myself on the straight and narrow as far as TA & fundies goes, to see whether I've got it right or not. And...it would be kind of cool to net 1,000+ pips if I'm lucky!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,882
  • Jul 8, 2010 6:27am Jul 8, 2010 6:27am
Quoting realjumper
Oh you were talking about the cowgirl....I was talking about Hasnaa

Yep, although there are plenty of bleaters (sheep term!) out there, FXCM has been fine for me. It's interesting that short positions are higher, I'm guessing that those shorters are thinking that the recent climb was a pullback to correct the oversold condition? Perhaps they're right. I'll hang on to my long term long though and if it gets stopped out at +10, so be it. I'm really only doing it to keep myself on the straight and narrow as far as TA & fundies goes, to see whether...
Well I wasn't going to mention usernames - he he - but they're all one and the same.

FXCM are fine. I use FXCM UK but do most of my ninja scalping on Oanda - they are just that much faster for it. I don't trade U/J - find it extremely frustrating - but I need to keep an eye on it because majority of my trades are on A/J.
Nothing worth having is easy.
  • #16,883
  • Jul 8, 2010 9:20am Jul 8, 2010 9:20am
i say this break upwards could reach 88971...waitin for a dip to go long off 88097 with in the next few hours, 88851 target
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  • #16,884
  • Edited 11:50am Jul 8, 2010 11:37am | Edited 11:50am
going up ...

the indications:

daily :

tested 87.00 twice so far

lots room in the downward channel to go up

bullish engulfing yesterday covering 4 previous bars

macd , osma , stocs all look very bullish

weekly:

though not complete , will it end this week with tweezers candles ...?
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  • #16,885
  • Jul 8, 2010 11:48am Jul 8, 2010 11:48am
hourly

nice range ... will there be a nice breakout ?
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  • #16,886
  • Jul 8, 2010 6:42pm Jul 8, 2010 6:42pm
Quoting TheArcher
hourly

nice range ... will there be a nice breakout ?
Don't know whether there will be a breakout or not. More likely with this pair there could just be a slow, mathodical climb. I'm hoping that we have seen the last of the low 87's, but in this economic climate it's hard to say!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,887
  • Jul 8, 2010 10:10pm Jul 8, 2010 10:10pm
Quoting realjumper
Don't know whether there will be a breakout or not. More likely with this pair there could just be a slow, mathodical climb. I'm hoping that we have seen the last of the low 87's, but in this economic climate it's hard to say!
After making my historical case last week here I just decided to watch. I don't like gambling.

Seems like UJ might be artificially propped up to hit the level it's at now, which I don't like. With more potential bad USD news still lingering out there, I'm waiting to see if UJ can cross into the 89 area and hold or not.

Kind of wondering if the powers that be didn't set 87 as the cutoff level, which is why it bounced hard off 86. Who knows.
Only expectation matters . . .
  • #16,888
  • Jul 8, 2010 10:27pm Jul 8, 2010 10:27pm
Quoting RebelRed
After making my historical case last week here I just decided to watch. I don't like gambling.

Seems like UJ might be artificially propped up to hit the level it's at now, which I don't like. With more potential bad USD news still lingering out there, I'm waiting to see if UJ can cross into the 89 area and hold or not.

Kind of wondering if the powers that be didn't set 87 as the cutoff level, which is why it bounced hard off 86. Who knows.
I don't know...if I remember correctly, didn't the DOW just cross back into the 10,000 zone at about the same time they YEN began to weaken?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,889
  • Jul 9, 2010 12:07am Jul 9, 2010 12:07am
I was away for a few days, I went back now, what happened to this couple?? rose to 88.7! owwww
and now? what can we expect? was it a fix? or we will go long from now on?
how many questions !!!!! kkkkk
  • #16,890
  • Jul 9, 2010 12:08am Jul 9, 2010 12:08am
Quoting realjumper
I don't know...if I remember correctly, didn't the DOW just cross back into the 10,000 zone at about the same time they YEN began to weaken?

yes.....

you're right!

http://www.bloomberg.com/news/2010-0...lysts-say.html
  • #16,891
  • Jul 9, 2010 2:59am Jul 9, 2010 2:59am
Quoting Mary Silvert
I was away for a few days, I went back now, what happened to this couple?? rose to 88.7! owwww
and now? what can we expect? was it a fix? or we will go long from now on?
how many questions !!!!! kkkkk
It may be too early to call this a reversal Mary, some are calling it a correction from the oversold condition. Personally, I am cautiously optimistic that this rise in the uj may stick....consequently I am long since 87.40. I;m not going to add to it tonight, but I will consider doing just that next Monday....depending on what happens tonight.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,892
  • Edited 11:34am Jul 9, 2010 10:58am | Edited 11:34am
very quite .... perhaps weekend syndrome ... perhaps the world cup festive mood ... ranging

but then ... (recall the theme music) all of the sudden ... like Jaws ... it might strike out of nowhere .. and drag it down ...


Inserted Video


but , then again , nothing might happen !
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  • #16,893
  • Jul 9, 2010 10:32pm Jul 9, 2010 10:32pm
Quoting TheArcher
very quite .... perhaps weekend syndrome ... perhaps the world cup festive mood ... ranging

but then ... (recall the theme music) all of the sudden ... like Jaws ... it might strike out of nowhere .. and drag it down ...


http://www.youtube.com/watch?v=ZvCI-gNK_y4

but , then again , nothing might happen !

  • #16,894
  • Jul 9, 2010 10:39pm Jul 9, 2010 10:39pm
realjumper [quote =; 3862002] Pode ser ainda demasiado cedo para chamar isso uma inversão de Maria, alguns estão chamando uma correção da condição de sobrevenda. Pessoalmente, estou cautelosamente otimista de que este aumento do uj pode furar .... consequentemente, estou há muito tempo 87,40. Eu, não vou acrescentar-lhe esta noite, mas vou pensar em fazer apenas isso próxima segunda-feira .... dependendo do que acontecer esta noite. [/ Quote]


hello friend ....
what your opinion now? what are you waiting for the USD / JPY?
love to know the various opniões traders!
  • #16,895
  • Edited 2:07am Jul 10, 2010 1:17am | Edited 2:07am
Quoting Mary Silvert
hello friend ....
what your opinion now? what are you waiting for the USD / JPY?
love to know the various opniões traders!
Hola mi amiga

¡Yo no hablo portugués, hablo español!

You see the recent bottom (1)? I think that will serve as at least a temporary bottom, and I shouldn't be suprised if that really is the bottom that will see a substantial rise over the coming weeks.

But, see the line whee we are now (2)? That's pretty good resistance. In my opinion, if we can break that resistance I can see 89.50-89.70 coming without too much problem. A break of 89.70 will see us go to 91.50 and then 92.00. After 92.00 comes 92.75, then 93.48, then 94.80-95.00.

A rejection from any of those levels though will mean that all bets are off and another drop (to some degree) will be likely.

Check those levels on a 2 hour chart and you will see what I'm saying.

Hasta luego,
RJ
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,896
  • Jul 10, 2010 1:45am Jul 10, 2010 1:45am
Quoting realjumper

You see the recent bottom (1)?

But, see the line whee we are now (2)?

RJ
err ... chart please ... thank you .
  • #16,897
  • Jul 10, 2010 1:46am Jul 10, 2010 1:46am
Quoting Mary Silvert
but , then again , nothing might happen !

...and nothing happened !
  • #16,898
  • Jul 10, 2010 2:07am Jul 10, 2010 2:07am
Quoting TheArcher
err ... chart please ... thank you .
LOL.....oh true!!! There you go, it's up now....silly me....doh!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,899
  • Jul 10, 2010 8:08am Jul 10, 2010 8:08am
which direction will yen move ?

if china has trade surplus , yuan will move up , which means yen must move up and dollar drop ..

then , what of the japan's election news ... how will yen react to the results ...

interesting times next week ...
  • #16,900
  • Jul 10, 2010 5:25pm Jul 10, 2010 5:25pm
Quoting TheArcher
which direction will yen move ?
.

In the Long Term I see it going down.

Short Term....I wish I knew.
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