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USD/JPY Discussion

  • #21,401
  • Nov 9, 2010 2:16pm Nov 9, 2010 2:16pm
Quoting georgem
it was this guy:

http://ideaboomer.com/bm/thumbnails/...4ffb3ce1bf.jpg

He did this!
LOL... i'm sure that's a robot MADE IN JAPAN
  • #21,402
  • Nov 9, 2010 2:27pm Nov 9, 2010 2:27pm
QE2 supposed to weaken USD?
The Market pays you to be disciplined
  • #21,403
  • Nov 9, 2010 2:30pm Nov 9, 2010 2:30pm
Quoting mima
QE2 supposed to weaken USD?
Something definitely happened, we'll probably get the news later.
This kind of move can not be facilitated by just Technical!!!
  • #21,404
  • Nov 9, 2010 2:35pm Nov 9, 2010 2:35pm
nontheless, waiting to find a perfect point to fade... I am still believing in down trend...

wait for it to bounce off the top channel line
this pig cannot be slaughtered for ever... or can it?
  • #21,405
  • Nov 9, 2010 2:39pm Nov 9, 2010 2:39pm
Quoting georgem
nontheless, waiting to find a perfect point to fade... I am still believing in down trend...

wait for it to bounce off the top channel line

Why don't you redraw channel?
The Market pays you to be disciplined
  • #21,406
  • Nov 9, 2010 2:44pm Nov 9, 2010 2:44pm
Quoting USD-Bear
mmm, look out with these kind of techniques with this pair they usually do not work, better look what USDX does, grashid prob right, wait for > 78 for the real up-move.....
USDX 78 now......
Don't be a hero. Don't have an ego. Always question yourself
  • #21,407
  • Nov 9, 2010 2:47pm Nov 9, 2010 2:47pm
Quoting mima
Why don't you redraw channel?
here:
Attached Image (click to enlarge)
Click to Enlarge Name: asdf.png Size: 40 KB
this pig cannot be slaughtered for ever... or can it?
  • #21,408
  • Nov 9, 2010 2:49pm Nov 9, 2010 2:49pm
Quoting georgem
nontheless, waiting to find a perfect point to fade... I am still believing in down trend...

wait for it to bounce off the top channel line
USD/JPY has broken 4 daily pivot levels(S2, S1, PP, R1, R2) and is currently at the 5th one(R3). If it breaks R3, do you think it will still have weight for S2 levels.
This one seems a tough call, seeing that something shady is going on.
  • #21,409
  • Nov 9, 2010 2:55pm Nov 9, 2010 2:55pm
Quoting georgem
nontheless, waiting to find a perfect point to fade... I am still believing in down trend...

wait for it to bounce off the top channel line
It would be the normal behavior for this pair, but with the preceding rounded bottom I'm not selling and prob will regret it
Don't be a hero. Don't have an ego. Always question yourself
  • #21,410
  • Nov 9, 2010 2:57pm Nov 9, 2010 2:57pm
Quoting Roncho
USD/JPY has broken 4 daily pivot levels(S2, S1, PP, R1, R2) and is currently at the 5th one(R3). If it breaks R3, do you think it will still have weight for S2 levels.
This one seems a tough call, seeing that something shady is going on.
R3 (81.97) seems to be rejecting it for now. Is this a possible reversal?

Anyone get news of what's happening with USD yet?
  • #21,411
  • Nov 9, 2010 3:04pm Nov 9, 2010 3:04pm
Quoting USD-Bear
It would be the normal behavior for this pair, but with the preceding rounded bottom I'm not selling and prob will regret it
yep,.... this round slope at the bottom looks well defined...

and it points to the sky right now....

But if you take the intervention level into the picture it starts to look like this:

http://jwtiedostot.pp.fi/pelit/kuvat__/ski_or_die1.jpg

We are now reaching the point where we will jump off.... but it will go waaaaaayyyy down after that....

http://www.thelegacy.de/pics/screen/...SkiOrDie08.png
this pig cannot be slaughtered for ever... or can it?
  • #21,412
  • Nov 9, 2010 3:10pm Nov 9, 2010 3:10pm
Quoting georgem
yep,.... this round slope at the bottom looks well defined...

and it points to the sky right now....

But if you take the intervention level into the picture it starts to look like this:

http://jwtiedostot.pp.fi/pelit/kuvat__/ski_or_die1.jpg

We are now reaching the point where we will jump off.... but it will go waaaaaayyyy down after that....

http://www.thelegacy.de/pics/screen/...SkiOrDie08.png
haha, nice one georgem, but then your view could be blocked by all those mountains there in Switzerland....
Don't be a hero. Don't have an ego. Always question yourself
  • #21,413
  • Nov 9, 2010 3:16pm Nov 9, 2010 3:16pm
Quoting georgem
yep,.... this round slope at the bottom looks well defined...

and it points to the sky right now....

But if you take the intervention level into the picture it starts to look like this:

http://jwtiedostot.pp.fi/pelit/kuvat__/ski_or_die1.jpg

We are now reaching the point where we will jump off.... but it will go waaaaaayyyy down after that....

http://www.thelegacy.de/pics/screen/...SkiOrDie08.png
Well Put!! I couldn't have put it any better.
It seems to be rejected by the 81.97 level again? Seems like the same trend from 26th October is about to repeat. What do you think?
  • #21,414
  • Nov 9, 2010 3:18pm Nov 9, 2010 3:18pm
Quoting georgem
here:

Well this is easy : when UJ goes up..up...up...you just move UTL accordingly
The Market pays you to be disciplined
  • #21,415
  • Nov 9, 2010 3:21pm Nov 9, 2010 3:21pm
Quoting mima
Well this is easy : when UJ goes up..up...up...you just move UTL accordingly
if it's not easy I dont want to know about it...
this pig cannot be slaughtered for ever... or can it?
  • #21,416
  • Nov 9, 2010 4:35pm Nov 9, 2010 4:35pm
Quoting Roncho
Something definitely happened, we'll probably get the news later.
This kind of move can not be facilitated by just Technical!!!
How right you are.... maybe this?

Pentagon Can't Explain "Missile" Sighting, NORAD Believes It Is Not A Foreign Military Object

http://www.zerohedge.com/article/pen...comment-713875

http://i.cdn.turner.com/cnn/2010/US/...ssile.kcbs.jpg
this pig cannot be slaughtered for ever... or can it?
  • #21,417
  • Nov 9, 2010 5:14pm Nov 9, 2010 5:14pm
Quoting georgem
How right you are.... maybe this?

Pentagon Can't Explain "Missile" Sighting, NORAD Believes It Is Not A Foreign Military Object

http://www.zerohedge.com/article/pen...comment-713875

http://i.cdn.turner.com/cnn/2010/US/...ssile.kcbs.jpg
Lol. You think so? Whats your say about the current bias of the market trend (bullish or bearish). Price seems to be rejected at 81.97 so far.
  • #21,418
  • Nov 9, 2010 5:41pm Nov 9, 2010 5:41pm
Aha, some News from Japan!!

A Nikkei article saying that the MOF was planning to allow the BOJ to trim its contributions to the national treasury!!

BOJ and its 5trn asset ......

"A Nikkei article saying that the MOF was planning to allow the BOJ to trim its contributions to the national treasury should it incur losses on its Yen 5trln asset purchase program, reportedly helped in part to the overnight rally in the [USD/YEN] to its 81.98 highs. Fin Min Noda is expected to make an official announcement soon; with the move seen underscoring the united front between the govt and BOJ, in the central bank's latest easing efforts to support the economy."
  • #21,419
  • Nov 9, 2010 10:53pm Nov 9, 2010 10:53pm
psst .... which direction ... ?

breakout or fall back into the range ..?
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 8.png Size: 33 KB
  • #21,420
  • Nov 10, 2010 12:54am Nov 10, 2010 12:54am
[DLR/YEN] rose to 81.88 from 81.55 around fixing this morning on actual Dlr shortage, then dipped back to 81.56 on exporters' and investors' sales, and is doing tight range trade till now. 82.00 heaviness remains unchanged as banks report decent sell orders above the figure, while the pair ended NY yesterday above the 21DMA for the first time since Sep 22, and with possible bottoming formation of neckline around 82 and rising US yields (Dlr/Yen has been following US yields till Sep), caution is needed for upside breach (but down trendline from May still be alive).
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