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USD/JPY Discussion

  • #20,741
  • Oct 27, 2010 1:46am Oct 27, 2010 1:46am
MACD on 4hr is above centreline first time since 22/09.
Prices oscillate, trends persist. Trend is your friend.
  • #20,742
  • Oct 27, 2010 2:08am Oct 27, 2010 2:08am
Resistance at 80.88 let us see if it will hold.
it looks like dollar is coming back, for how long!?
  • #20,743
  • Edited 2:39am Oct 27, 2010 2:17am | Edited 2:39am
Daily 20 SMA reached (midpoint between BBs).

EDIT: Similar p/a to E/U bottom ie support tested few times----support breaks----a quick flush----flush is bought. Now traders have to figure out for themselves what is the probability of a reasonable target being hit. I would say 83.6 which was previous support now happens to be upper BB. Savvy traders figured out that ratio of r/r is very favourable at lower BB of going Long 80.3s vs 83.6s against stop below ATL of 79.8s. R/r would be 5.5+ to 1. Traders that have given up on Long trades either sold or reversed position when support collapsed, that created a flush effect, but one has to consider where we were to go short, r/r just wasn't favourable for a short IMO.
Attached Images
Prices oscillate, trends persist. Trend is your friend.
  • #20,744
  • Oct 27, 2010 2:19am Oct 27, 2010 2:19am
I think that u/j will go through 82 or more. it's time for reversal.
  • #20,745
  • Oct 27, 2010 2:50am Oct 27, 2010 2:50am
Quoting kandarv
I use Chrome or Firefox, Safari doesn't work for me. (I'm a web developer BTW)
thanks .

u mean on the Mac Apple computer ?
  • #20,746
  • Oct 27, 2010 2:54am Oct 27, 2010 2:54am
Quoting realjumper
Png should be fine.....I use photoshop at work to crop images etc, so I save as jpg as a matter of habbit. Actually I just looked at the list of allowable attachments, and png is indeed fine.

I guess you're using Safari, which is also fine, I use it all the time. Have a look at he preferences of Safari and see whether file uploads is disabled.
agree will all ur points ..

how to find out if file uploads are disabled ?
  • #20,747
  • Oct 27, 2010 3:04am Oct 27, 2010 3:04am
Quoting jsspmk
If you are using Grab It for image capture then it only saves in TIFF & that doesn't upload. You need to preview it and resave as png.
yes, i use grap : apple+shift+4 .... it saves in png (picture1, picture2 etc ).

i was able to upload them before (my earlier prorealtime charts uploads), after one or two try , .... and i am still doing it the same way , but this time it does not upload, (even after more than 10 tries !) .. always redirected to FF "sorry .. " contact page .... even wondered if adware/worm/trojan/virus had creeped in ! (thought MAC was immune to them !! )
  • #20,748
  • Oct 27, 2010 3:11am Oct 27, 2010 3:11am
Quoting TheArcher
yes, i use grap : apple+shift+4 .... it saves in png (picture1, picture2 etc ).

i was able to upload them before (my earlier prorealtime charts uploads), after one or two try , .... and i am still doing it the same way , but this time it does not upload, (even after more than 10 tries !) .. always redirected to FF "sorry .. " contact page .... even wondered if adware/worm/trojan/virus had creeped in ! (thought MAC was immune to them !! )
Using apple+shift+4 is the right way to go, and, as you say, it saves as png.

It won't be virus or anything like that.....as I said before, check your preferences (security) in Safari. Or download Firefox
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,749
  • Oct 27, 2010 3:17am Oct 27, 2010 3:17am
Daily Line chart

Macd peeping up ..

Stocs flaring up !

looks bullish (for now ... one swallow does not make summer )



( did what i had been doing all this while , this time uploaded on the first try !! )
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 1.png Size: 30 KB
  • #20,750
  • Oct 27, 2010 3:42am Oct 27, 2010 3:42am
finaly the one can hold breath

first long was from 82.50

2nd 81.50

last one which is double size than last two from 80.50

closed fist two with half trade from last position in good profit

in play 1 standard lot from 8050

stop at entry point.

boj in.. boj out does not matter now..but hope to see them oneday
  • #20,751
  • Oct 27, 2010 5:18am Oct 27, 2010 5:18am
23 hours ago

Quoting mima
I think that 81.91 and 82.35 are critical for UJ...still long way to come to those levels...
now again 81.91...
The Market pays you to be disciplined
  • #20,752
  • Oct 27, 2010 9:06am Oct 27, 2010 9:06am
Wall Street's report about QE2 put a little impact on the market yesterday. I think UJ went up because of this (nothing like GC though).

The report says QE2 might be a lot smaller than expected (not a trillion, but billion).

I'm wondering where UJ and other pairs go this week (and after 11/3). I think the down-trend would come back and UJ would go down to 80-81 again. Then, after 11/3, UJ might gradually go up to 85.00, but not 88. This is because I assume USD can still dwindle a bit more until unemployment improves.

What your thoughts?
  • #20,753
  • Oct 27, 2010 9:30am Oct 27, 2010 9:30am
1 thing I like to know is: Why is all UJ not going up when clearly all the other USD pairs are shooting up? Who's holding JPY back and why? It's not even at 80.81 level
Make your losses in demo. Earn your profits live.
  • #20,754
  • Oct 27, 2010 9:32am Oct 27, 2010 9:32am
Quoting Forexia
1 thing I like to know is: Why is all UJ not going up when clearly all the other USD pairs are shooting up? Who's holding JPY back and why? It's not even at 80.81 level
When u get the tip, shoot me a pm,will ya? I wanna hit it big too

Seriously though, compared to USD/CHF which has bounced strongly from the new all-time lows, UJ has not yet reached the bottom. I don't think the sharks will let go so easily, when they can smell all the blood (or stops) down there.
  • #20,755
  • Oct 27, 2010 9:40am Oct 27, 2010 9:40am
Quoting pqt
When u get the tip, shoot me a pm,will ya? I wanna hit it big too
Well I don't. That's why I am asking everybody here cuz I am really confused
Make your losses in demo. Earn your profits live.
  • #20,756
  • Oct 27, 2010 9:51am Oct 27, 2010 9:51am
Quoting Forexia
1 thing I like to know is: Why is all UJ not going up when clearly all the other USD pairs are shooting up? Who's holding JPY back and why? It's not even at 80.81 level
Investors believe Yen is not to sell. I don't know the reason, but it is circumstantially so. I agree with pqt saying UJ hasn't hit the bottom yet.

So tiny retailers like us would better follow the flow.

Maybe somebody knows about what QE2 really will be and and its impact upon Yen....
  • #20,757
  • Oct 27, 2010 9:53am Oct 27, 2010 9:53am
Hi there,

have not posted here before.

Just 2 thoughts:

1. In difference to the other majors, which have been "trendless" in comparison to th UJ downtrend for the past weeks, here are still a lot of shorts in. Means, when there is no action fueled by the BoJ, they will fight for their shorts.
2. We are getting closer to the end of year. Maybe the so called "repatriation flows" (return of sovereign invests to Japan, due to fiscal reasons) have started already. There is very often talk on the wires that the exporters are selling USD heavily ...

Just my 2 cent.

CU,
MaMood
  • #20,758
  • Oct 27, 2010 9:59am Oct 27, 2010 9:59am
Quoting MaMood
Hi there,

have not posted here before.

Just 2 thoughts:

2. We are getting closer to the end of year. Maybe the so called "repatriation flows" (return of sovereign invests to Japan, due to fiscal reasons) have started already. There is very often talk on the wires that the exporters are selling USD heavily ...

Just my 2 cent.

CU,
MaMood
Hmmmnnn... that's interesting. Why would exporters sell USD? Didn't they want a weaker Yen so their stuff can sell? Weren't they the one who pushed for an intervention back then?

UJ is getting weirder by the hour. Thanks for all the comments.

Good trading everyone!
Make your losses in demo. Earn your profits live.
  • #20,759
  • Oct 27, 2010 10:00am Oct 27, 2010 10:00am
Quoting MaMood
Hi there,

have not posted here before.

Just 2 thoughts:

1. In difference to the other majors, which have been "trendless" in comparison to th UJ downtrend for the past weeks, here are still a lot of shorts in. Means, when there is no action fueled by the BoJ, they will fight for their shorts.
2. We are getting closer to the end of year. Maybe the so called "repatriation flows" (return of sovereign invests to Japan, due to fiscal reasons) have started already. There is very often talk on the wires that the exporters are selling USD heavily...
I agree with your 2nd point but not the first: Usd/chf IS ANYTHING BUT TRENDLESS!
  • #20,760
  • Oct 27, 2010 10:07am Oct 27, 2010 10:07am
Quoting Forexia
Hmmmnnn... that's interesting. Why would exporters sell USD? Didn't they want a weaker Yen so their stuff can sell? Weren't they the one who pushed for an intervention back then?

UJ is getting weirder by the hour. Thanks for all the comments.

Good trading everyone!
When exporters repatriate money (e.g. USD they make in the US) to Japan, they need to convert it back to JPY, so that would exacerbate the problem of a strong Yen.
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