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USD/JPY Discussion

  • #17,701
  • Aug 16, 2010 10:07pm Aug 16, 2010 10:07pm
thanks Gentlemen !

  • #17,702
  • Aug 16, 2010 10:19pm Aug 16, 2010 10:19pm
Quoting Astroman
Chances seem slim but ruling that out do you think this Pair has a good chance of seeing 87 before 84?

yea chances are very slim.....8650 should cap any rally, if there is one.
  • #17,703
  • Aug 16, 2010 10:23pm Aug 16, 2010 10:23pm
Quoting realjumper
I don't

Anything is possible of course....but 87 isn't looking likely at the moment
Yah, I never thought I would see a sub 85 on this.

I am playing the Longs short term. Do I feel that this pair has substantial downward pressure---absolutely! But the downward moves will be swift and big and the small upward moves are very obvious and plentiful. In the back of mind I say a rather big correction is in order here.
  • #17,704
  • Aug 16, 2010 10:41pm Aug 16, 2010 10:41pm
There's not much 'wiggle' room left inside here to trade.....that's why I'm waiting
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,705
  • Aug 17, 2010 3:49am Aug 17, 2010 3:49am
Quoting mfoste1
the only way we would get to 90 is boj intervening, which they arent going to do.....yen is being bought heavily right now against every single currency.....it would take a global fundamental shift for this to reach 90.


True i don't think they are going to interupt this either.... It have to be a crisis or close to one before that hppens.. even though its the most controlled one jp that is...

But here I am long just up to 86 or close to it atleast... before I am turning bear..
  • #17,706
  • Edited 9:26am Aug 17, 2010 9:06am | Edited 9:26am
like headless drunken chicken .... don't know where it is headed next ...

drew another support line ... let's see if this gives any direction ..
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  • #17,707
  • Aug 17, 2010 9:16am Aug 17, 2010 9:16am
hourly chart
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  • #17,708
  • Aug 17, 2010 9:27am Aug 17, 2010 9:27am
Quoting TheArcher
hourly chart

im guessing youre trying to go long?
  • #17,709
  • Aug 17, 2010 9:35am Aug 17, 2010 9:35am
Quoting mfoste1
im guessing youre trying to go long?
no .. just get the general direction to scalp following the trend ...for about 20 pips ... very short term ...
  • #17,710
  • Aug 17, 2010 10:16am Aug 17, 2010 10:16am
Quoting mfoste1


as patience said, read jacko's thread....jacko is an extremely talented trader. He is proof that if you trade with the trend, you can be wildly successful in this business. I am a big proponent of his strategy......
just glanced the last page of Jacko's thread .... what's happening there ...?
  • #17,711
  • Aug 17, 2010 2:01pm Aug 17, 2010 2:01pm
Quoting TheArcher
just glanced the last page of Jacko's thread .... what's happening there ...?

apparently jacko was running a scam/ponzi scheme.....just read the thread. But the strategy he did propose is an excellent trend trading strategy.
  • #17,712
  • Aug 17, 2010 10:52pm Aug 17, 2010 10:52pm
Quoting mfoste1
apparently jacko was running a scam/ponzi scheme.....just read the thread. But the strategy he did propose is an excellent trend trading strategy.
thanks.

' trend is your friend ' ... no disputes with that ... the basic block of TA
  • #17,713
  • Edited 11:20pm Aug 17, 2010 10:58pm | Edited 11:20pm
daily is still ranging ....

hourly is going cyclic ....?
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  • #17,714
  • Aug 17, 2010 11:03pm Aug 17, 2010 11:03pm
Quoting TheArcher
daily is still ranging ....

hourly is going cyclic ....?

what?
  • #17,715
  • Aug 17, 2010 11:24pm Aug 17, 2010 11:24pm
Quoting mfoste1
what?

cyclic ..

my way of saying ranging within a channel ... u know, up/down/up/down .....yes ... trending ...
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  • #17,716
  • Aug 17, 2010 11:52pm Aug 17, 2010 11:52pm
This consolidation bullshit might continue for the rest of the week....I think Monday is the day where the talking heads in Japan meet to dicuss the exchange rate....so nothing should change until then.

The ratio of long to short positions in the USDJPY stands at 5.16 as nearly 84% of traders are long, so nothing much has changed here either
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,717
  • Aug 18, 2010 4:49am Aug 18, 2010 4:49am
Monthly charts looks nasty...
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  • #17,718
  • Aug 18, 2010 4:53am Aug 18, 2010 4:53am
Quoting realjumper
This consolidation bullshit might continue for the rest of the week....I think Monday is the day where the talking heads in Japan meet to dicuss the exchange rate....so nothing should change until then.

The ratio of long to short positions in the USDJPY stands at 5.16 as nearly 84% of traders are long, so nothing much has changed here either
IMHO.. Actually we can make profit during consolidation... The risk become smaller, because the taget price will be met in a few hour or days.
In this moment, because the chart is at the over sold area, it is saver to put buy in the relative lowest price.
Steady as the beating drum,,,
  • #17,719
  • Aug 18, 2010 5:16am Aug 18, 2010 5:16am
Quoting Deanchain
IMHO.. Actually we can make profit during consolidation... The risk become smaller, because the taget price will be met in a few hour or days.
In this moment, because the chart is at the over sold area, it is saver to put buy in the relative lowest price.
You can make money with this type of pa, but I can't because it doesn't suit my style of trading. There are other pairs to trade for me during periods like this.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,720
  • Aug 18, 2010 7:13am Aug 18, 2010 7:13am
Quoting mfoste1
apparently jacko was running a scam/ponzi scheme.....just read the thread. But the strategy he did propose is an excellent trend trading strategy.
link to jacko's thread?
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