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USD/JPY Discussion

  • #17,041
  • Jul 21, 2010 9:10am Jul 21, 2010 9:10am
A crazy day to trade
  • #17,042
  • Jul 21, 2010 1:08pm Jul 21, 2010 1:08pm
wow .. very strong support at 87.00

will the downtrend continue or bounce of 87.00 ?

very interesting times ..
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  • #17,043
  • Edited 3:43pm Jul 21, 2010 2:02pm | Edited 3:43pm
Nice threat!
  • #17,044
  • Jul 21, 2010 2:39pm Jul 21, 2010 2:39pm
What a roller coaster ride here, eh!!!
  • #17,045
  • Jul 21, 2010 11:44pm Jul 21, 2010 11:44pm
just learned something new today :

the actual volume in Forex is only known 48 hours later ... according to the videos on tips and tricks in MT4

furthermore , what we see as volume on MT4 is just the number of ticks that had changed for the period in time ... is a count of how many times the price changed for that period time .... what does this means ?
  • #17,046
  • Jul 22, 2010 1:25am Jul 22, 2010 1:25am
Hi people, i am new here.. So please assist me..

Yen is getting stronger now.. break 86.45 already.. What do you guys think??

Intervention?? =D
  • #17,047
  • Jul 22, 2010 1:43am Jul 22, 2010 1:43am
Archer,

You can still use the tick volume to base your decision. It's kind of hard to explain in a short paragraph but because of the fact that each "tick" is caused by the market moving up or down, it's also caused by orders coming in and out, therefore it is the most accurate live volume you can achieve in forex.

Check out this thread:there is even a gem of a post on the page of that link
http://www.forexfactory.com/showthre...17#post3890917
  • #17,048
  • Jul 22, 2010 1:45am Jul 22, 2010 1:45am
Quoting cien_47k
Hi people, i am new here.. So please assist me..

Yen is getting stronger now.. break 86.45 already.. What do you guys think??

Intervention?? =D
Right at this moment it is sitting on 86.37. I assume it going to (at least) touch 86.27 which is the recent low of about July 16. It has only been lower than that once since before 1997, and that was in November last year. The following month it was back up at 93.

So I think, for what it's worth, that the Japanese govt is very concerned about the strength of the Yen, but I'm not sure that direct intervention will happen....yet. I imagine the 'talking heads' will ratchet up the rhetoric in an attempt to 'talk down' the Yen firstly.

That's just what I think.....watch the charts and we shall see!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,049
  • Jul 22, 2010 1:51am Jul 22, 2010 1:51am
Quoting Faith3
A crazy day to trade
damn! how many are there?!
  • #17,050
  • Jul 22, 2010 2:00am Jul 22, 2010 2:00am
Ladies & Gentlement.. This My Long, hopefully these market go north very soon. Go long baby go..

#1 Long : 06/28/10 - 89.44
#2 Long : 07/14/10 - 88.43
#3 Long : 07/15/10 - 88.00
#4 Long : 07/16/10 - 87.20
#5 Long : 07/22/10 - 86.41
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  • #17,051
  • Jul 22, 2010 2:06am Jul 22, 2010 2:06am
Quoting moonrider
Ladies & Gentlement.. This My Long, hopefully these market go north very soon. Go long baby go..

#1 Long : 06/28/10 - 89.44
#2 Long : 07/14/10 - 88.43
#3 Long : 07/15/10 - 88.00
#4 Long : 07/16/10 - 87.20
#5 Long : 07/22/10 - 86.41
Hmmm....in the event that it goes to 84 or lower, can you stand the drawdown?.....not trying to 'catch the falling knife' are you?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,052
  • Jul 22, 2010 2:21am Jul 22, 2010 2:21am
Quoting realjumper
Hmmm....in the event that it goes to 84 or lower, can you stand the drawdown?.....not trying to 'catch the falling knife' are you?
Get rich or die trying.. "if you wanna cath a falling knife with bare hand you will cut your self and bleed to death, but if you catch a falling knife with other people hand that another story" LoL
  • #17,053
  • Jul 22, 2010 2:31am Jul 22, 2010 2:31am
the price is forming wave c in daily and 4hours chart
  • #17,054
  • Jul 22, 2010 2:32am Jul 22, 2010 2:32am
Quoting moonrider
Get rich or die trying.. "if you wanna cath a falling knife with bare hand you will cut your self and bleed to death, but if you catch a falling knife with other people hand that another story" LoL
Hmmm...not quite the way I approach trading, but, whatever floats your boat.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,055
  • Jul 22, 2010 2:42am Jul 22, 2010 2:42am
Quoting realjumper
Hmmm...not quite the way I approach trading, but, whatever floats your boat.....
yup i understand what you mean my friend.. i do that becouse i've enough equity to fight for it. and the basic of trading is BUY on low and SELL on high.. My Opinion : The price is at the bottom of the well, the bottom can go more deeper but time will tell. i just wait for the best..
  • #17,056
  • Jul 22, 2010 3:15am Jul 22, 2010 3:15am
( tongue -in -cheek )

.... just thinking ...

have u ever noticed that someone with a female biased avatar pops in here once in a while and then make some claims and then disappear ...

maybe Pink Panther knows something ... hahaha !


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  • #17,057
  • Jul 22, 2010 3:24am Jul 22, 2010 3:24am
Bullish ?
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  • #17,058
  • Jul 22, 2010 5:11am Jul 22, 2010 5:11am
Quoting realjumper
Right at this moment it is sitting on 86.37. I assume it going to (at least) touch 86.27 which is the recent low of about July 16. It has only been lower than that once since before 1997, and that was in November last year. The following month it was back up at 93.

So I think, for what it's worth, that the Japanese govt is very concerned about the strength of the Yen, but I'm not sure that direct intervention will happen....yet. I imagine the 'talking heads' will ratchet up the rhetoric in an attempt to 'talk down' the Yen firstly.

That's just...
Yeah, i hope it will go up like last year =D If they don't do any intervention then it will really hurt their market i guess. And also couldnt believe that dollar is recovering this slow.. damn...

Anyway lets see how it goes..
  • #17,059
  • Jul 22, 2010 5:15am Jul 22, 2010 5:15am
Quoting moonrider
yup i understand what you mean my friend.. i do that becouse i've enough equity to fight for it. and the basic of trading is BUY on low and SELL on high.. My Opinion : The price is at the bottom of the well, the bottom can go more deeper but time will tell. i just wait for the best..

Im kinda doing the same thing, buy on low and sell on high.. and follow news... seems need more knowledge and skill for this... It always doesnt go as what we want..

Lucky you having enuf equity =D ... im ready to SL one of my lot if it breaks 86... if it does break i hope it wont go below 84.80..
  • #17,060
  • Jul 22, 2010 5:16am Jul 22, 2010 5:16am
Fell Like going down to break the low. In on a short making profit lets see how far can I ride it.
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