USD/JPY Discussion | Page 952 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #19,021
  • Sep 24, 2010 3:46am Sep 24, 2010 3:46am
3 longs in play
84.91
84.61
84.38
pending long off 84.04 with stops at 82.87
Small lots but my goal is 87.50 based on 4 hours charts.
  • #19,022
  • Sep 24, 2010 4:01am Sep 24, 2010 4:01am
Quoting redsword11
Attachment



Red

Attached Image (click to enlarge)
Click to Enlarge Name: uj.jpg Size: 93 KB
  • #19,023
  • Sep 24, 2010 4:10am Sep 24, 2010 4:10am
Yes indeed. That shooting star that is apparent at the moment for today (so far) I'm inclined to discount somewhat due to the nature of that spike. That said, there is a bullish look to the daily.
Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,024
  • Sep 24, 2010 4:25am Sep 24, 2010 4:25am
Quoting realjumper
Yes indeed. That shooting star that is apparent at the moment for today (so far) I'm inclined to discount somewhat due to the nature of that spike. That said, there is a bullish look to the daily.
I dont know very very strange day for me,no news and spike UP from about 100 pips hmm
"Buy on fear, sell on greed !!!
  • #19,025
  • Sep 24, 2010 4:32am Sep 24, 2010 4:32am
O boy, in freeze phase again.
UJ does that so often, fast up or down-moves and then very long range of only a few pips.
Anyone an idea how this can be technically interpreted?
Don't be a hero. Don't have an ego. Always question yourself
  • #19,026
  • Sep 24, 2010 4:49am Sep 24, 2010 4:49am
Quoting USD-Bear
O boy, in freeze phase again.
UJ does that so often, fast up or down-moves and then very long range of only a few pips.
Anyone an idea how this can be technically interpreted?
I don't know if there is an explanation with the threat of intervention.....15 year low etc etc hanging around. Japan is in a lot of economic trouble and the charts seem to be saying...'I don't know what to do'....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,027
  • Sep 24, 2010 4:51am Sep 24, 2010 4:51am
Quoting Petar_Serbia
I dont know very very strange day for me,no news and spike UP from about 100 pips hmm
Yes is strange Petar......there really isn't anything positive to say about this pair. All we can do is remain patient and see what unfolds!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,028
  • Sep 24, 2010 4:53am Sep 24, 2010 4:53am
Quoting realjumper
Your entry is under the pivot so it should hold....unless the durable goods spoils it!
So much for that!! I really expected that Pivot to hold.....oh well...shit happens!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,029
  • Sep 24, 2010 4:58am Sep 24, 2010 4:58am
Quoting realjumper
I don't know if there is an explanation with the threat of intervention.....15 year low etc etc hanging around. Japan is in a lot of economic trouble and the charts seem to be saying...'I don't know what to do'....
Indeed, o well stopped at 84.38 100 pips possible profit gone in smoke, guess 84.26 will be blown soon, waiting again for a lower levels to re-enter
Don't be a hero. Don't have an ego. Always question yourself
  • #19,030
  • Sep 24, 2010 4:59am Sep 24, 2010 4:59am
I think some big guys have come into play now. I expect something to happen if it goes down to 84!
  • #19,031
  • Sep 24, 2010 5:35am Sep 24, 2010 5:35am
Disappointing sack of $$$$!

(Yes, I'm long

First long target 87.80... stop 83.47, looks like we'll just have till next week for action to pick up should there be anymore eh?

Sorry shorties but... CMON INTERVENE DAMMIT :nerd:
  • #19,032
  • Sep 24, 2010 5:40am Sep 24, 2010 5:40am
all Japanese including bank of Japan are going to sleep now so dont expect any support from them.!!!!
  • #19,033
  • Sep 24, 2010 5:44am Sep 24, 2010 5:44am
Quoting uptrendup
all Japanese including bank of Japan are going to sleep now so dont expect any support from them.!!!!
Good time to infiltrate and implant the idea of intervention in their minds right now... so then when they wake up...

Anyone up for hire?

Your commission will be 50% of intervention profits...

Anyone?
  • #19,034
  • Sep 24, 2010 5:45am Sep 24, 2010 5:45am
I'm with ya, just following the idea of buying low - selling high, SL here is at the lows of 82.80 area
Enter Signature
  • #19,035
  • Sep 24, 2010 5:49am Sep 24, 2010 5:49am
(Reuters) - The Bank of Japan has no plan to support government yen-selling intervention with an immediate easing of monetary policy, sources said, but it will be prepared to act in early October if the fragile economic recovery remains under threat.

http://www.reuters.com/article/idUSTRE68E1K820100915
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,036
  • Sep 24, 2010 5:50am Sep 24, 2010 5:50am
i hoping BoJ will get punished for there stupidity. Lets break new lows. If that was intervention today it was pathetic. Honestly is that all they can do why bother, wait for a shift in sentiment or a nice news release to push it higher. All this does is lock in negative dollar/yen sentiment and i hope it gets nastier and nastier
  • #19,037
  • Sep 24, 2010 5:51am Sep 24, 2010 5:51am
Quoting johninthai
I'm with ya, just following the idea of buying low - selling high, SL here is at the lows of 82.80 area
Cool... hope it goes well for u too~~~

I just don't favour the short now because among other factors, current price is waaaay below the 200SMA on the daily.
  • #19,038
  • Sep 24, 2010 5:54am Sep 24, 2010 5:54am
Quoting travpip
i hoping BoJ will get punished for there stupidity. Lets break new lows. If that was intervention today it was pathetic. Honestly is that all they can do why bother, wait for a shift in sentiment or a nice news release to push it higher. All this does is lock in negative dollar/yen sentiment and i hope it gets nastier and nastier
Yeah I agree if it was intervention today it's pathetic, but it doesn't seem to be... so anyway, I guess we should just enjoy the wkend and prepare for possible fireworks next week.
  • #19,039
  • Sep 24, 2010 5:54am Sep 24, 2010 5:54am
indeed, amongst others I just don't short at such low levels.

Could change if we break the lows but for now staying long with wide SL, this is supposed to be a longer term trade as well. No worries just yet here
Enter Signature
  • #19,040
  • Sep 24, 2010 6:22am Sep 24, 2010 6:22am
Quoting JollyBean
Yeah I agree if it was intervention today it's pathetic, but it doesn't seem to be... so anyway, I guess we should just enjoy the wkend and prepare for possible fireworks next week.
it's definitely not an intervention it just a false alarm or perhaps some big player intervene but not enough money. lol
158 traders viewing now