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USD/JPY Discussion

  • #17,081
  • Jul 25, 2010 12:37am Jul 25, 2010 12:37am
Quoting MisterTrader

1) China is buying JPY bonds in the last couple of weeks in order to diversify away from USD and EUR
how or where to obtain such info ?


Quoting MisterTrader

2) Retail traders are long USD/JPY in a relation 1:5 - means professionals are betting for further JPY strength !
how to obtain this info too ?
  • #17,082
  • Jul 25, 2010 4:14pm Jul 25, 2010 4:14pm
Quoting TheArcher
how or where to obtain such info ?

http://www.reuters.com/article/idUSTOE66705G20100708


http://www.businessweek.com/news/201...and-eases.html

how to obtain this info too ?
http://www.dailyfx.com/technical_analysis/sentiment/
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #17,083
  • Jul 26, 2010 12:40am Jul 26, 2010 12:40am
Quoting blue_z_zz
http://www.dailyfx.com/technical_analysis/sentiment/
thank you very much for the link.

i go to the site for the live charts when i am outside/outdooors (when not at my pc) ... didn't knew this existed there .... thanks for 'opening' my eyes ...!

anyway , at this moment, looks like their data is as of Thursday, 22 July 2010 15:08 GMT... a bit outdated ..
  • #17,084
  • Jul 26, 2010 12:44am Jul 26, 2010 12:44am
demo sell

took a shot from 87.54

target 87.34

protection at 87.74

let's see how it works out ...
Attached Image
  • #17,085
  • Jul 26, 2010 1:28am Jul 26, 2010 1:28am
Quoting TheArcher
demo sell

took a shot from 87.54

target 87.34

protection at 87.74

let's see how it works out ...
demo sell..
you trade real account separately thearcher? I think you're doing good on your analysis
  • #17,086
  • Jul 26, 2010 3:13am Jul 26, 2010 3:13am
Im short also from 87.65 :

1- S.L 87.85
T.P 86.70

2- S.L 88.30 (30 pips above 61.8 fibonacci retracement, channel resistance, and 88.00 psychological level )
T.P - 86.00
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  • #17,087
  • Jul 26, 2010 3:35am Jul 26, 2010 3:35am
Hello again guys, long time no see. my trade still have a lot of long transaction open. and i dont know why in long term trade i still believe that this pair will go back to 94.xx

but guys can you give me an opinion about the current condition? actually now USD/JPY will face many problem when the cerrencies is so strong. but there is no visible step from the Japan goverment. so do you think this pair will still have a big chance to back to 94.xx again?
  • #17,088
  • Jul 26, 2010 4:04am Jul 26, 2010 4:04am
Quoting yeri
Hello again guys, long time no see. my trade still have a lot of long transaction open. and i dont know why in long term trade i still believe that this pair will go back to 94.xx

but guys can you give me an opinion about the current condition? actually now USD/JPY will face many problem when the cerrencies is so strong. but there is no visible step from the Japan goverment. so do you think this pair will still have a big chance to back to 94.xx again?
Hello Yeri, nice to see you again. I just got back from 3 days in mountains so I won't trade because I'm tired. This pair is still consolidating and it's anyones guess when it will move north. I don't think the BOJ will directly intervene, but we have heard lot's of talk from the Japanese 'officials' in an attempt to 'talk the Yen down'. I doubt that this pair will drop lower than it's recent bottom of 86.27.....but hell....it just might!!

The focus on the Euro and all it's troubles is abating now, perhaps temporarily, perhaps not....and the focus is on the state of the USA economy. It's only a matter of time before the focus shirts to Japan, and the monumental debt that it has.....which makes Greece look good!

I'm pretty confident that we will see 95 before too long, and I'm looking for 100+ on a long term long that I have opened at 86.60.

The time frame?.....who knows!!

How much drawdown can you handle on your open longs? There's always the chance that it re-test the long term low of 84.80....and if it breaks that then the Japanese govt might have to act.

I think your longs to 94 will pay off, but it depends on how much drawdown you can handle.

5c
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,089
  • Jul 26, 2010 4:57am Jul 26, 2010 4:57am
Quoting TheArcher
demo sell

took a shot from 87.54

target 87.34

protection at 87.74

let's see how it works out ...
bullseye !

+20pips
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  • #17,090
  • Jul 26, 2010 5:05am Jul 26, 2010 5:05am
Quoting IdentifyTren
demo sell..
you trade real account separately thearcher? I think you're doing good on your analysis
for the record ... No, I am not trading real account.

as u can see from the above charts .... this month, i have attempted only 3 demos and one failed .... analysis is one thing ... being present at the right time is another ... taking the next step is even harder ... still learning ...

anyway , thanks for the well wishes !

yours humbly,

  • #17,091
  • Jul 26, 2010 7:03am Jul 26, 2010 7:03am
Quoting TheArcher
demo sell

took a shot from 87.54

target 87.34

protection at 87.74

let's see how it works out ...
Thats a good one... I also sold one at 87.52 and TP 87.35 was pretty confident that it should touch at least 87.10 and lower... but too bad i took the profit too earlier in case it shot up..

Hehehe.... i guees for now buy at 86.70 and TP at 87 will be a good one.. not sure yet.. but i guees it will play at range 86.50-87.80 for the time being..
  • #17,092
  • Jul 26, 2010 9:20am Jul 26, 2010 9:20am
Quoting cien_47k
Thats a good one... I also sold one at 87.52 and TP 87.35 was pretty confident that it should touch at least 87.10 and lower... but too bad i took the profit too earlier in case it shot up..

Hehehe.... i guees for now buy at 86.70 and TP at 87 will be a good one.. not sure yet.. but i guees it will play at range 86.50-87.80 for the time being..

  • #17,093
  • Edited 7:46pm Jul 26, 2010 7:28pm | Edited 7:46pm
now is 86.91... i think it might go to 86.4x....
Steady as the beating drum,,,
  • #17,094
  • Jul 26, 2010 11:04pm Jul 26, 2010 11:04pm
sitting on the fence ...

going by the triangle formed , think it might continue its downtrend keeping within the upward blue channel ..

but the macd and osma(histogram) seem to say might turn up ...

just watching how the cat will jump ..
Attached Images
  • #17,095
  • Jul 27, 2010 12:19am Jul 27, 2010 12:19am
Quoting TheArcher
sitting on the fence ...

going by the triangle formed , think it might continue its downtrend keeping within the upward blue channel ..

but the macd and osma(histogram) seem to say might turn up ...

just watching how the cat will jump ..

also thinkn the downtrend will continue...blue lines are major s/r i see...im short from 86972, 86260 target
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  • #17,096
  • Jul 27, 2010 12:33am Jul 27, 2010 12:33am
Quoting TheArcher
sitting on the fence ...

going by the triangle formed , think it might continue its downtrend keeping within the upward blue channel ..

but the macd and osma(histogram) seem to say might turn up ...

just watching how the cat will jump ..
Seems like you trade Price actions. Your chart doesn't look messy
  • #17,097
  • Jul 27, 2010 12:37am Jul 27, 2010 12:37am
i think if boj doesn't intervene, yen will still strong to usd..
why they haven't take action?
Anyone knows?
Steady as the beating drum,,,
  • #17,098
  • Jul 27, 2010 1:16am Jul 27, 2010 1:16am
Quoting Deanchain
i think if boj doesn't intervene, yen will still strong to usd..
why they haven't take action?
Anyone knows?
I guess we should see lower low before the BOJ intervenes.
Here is my chart. I use raghee's indicator to know where the flexible resistance and supports are. But before that I wait for the PA to give me a signal to short or to long based on 5-8EMA crosses. Then I draw TL with short term FIBO levels. And I get in once the TL and FIBO is broken. I'm planning to enter little below of the short term 61.8%. ATM is trading in range respecting the shor term 50 and 61.8% fibos.
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  • #17,099
  • Jul 27, 2010 3:02am Jul 27, 2010 3:02am
wow... yen-usd seems to go up... i hope i m not wrong this time..
Steady as the beating drum,,,
  • #17,100
  • Jul 27, 2010 3:04am Jul 27, 2010 3:04am
Quoting Togu
I guess we should see lower low before the BOJ intervenes.
Here is my chart. I use raghee's indicator to know where the flexible resistance and supports are. But before that I wait for the PA to give me a signal to short or to long based on 5-8EMA crosses. Then I draw TL with short term FIBO levels. And I get in once the TL and FIBO is broken. I'm planning to enter little below of the short term 61.8%. ATM is trading in range respecting the shor term 50 and 61.8% fibos.
maybe it won't break 61,8%.... i hope...
Steady as the beating drum,,,
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