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USD/JPY Discussion

  • #21,501
  • Nov 12, 2010 9:54pm Nov 12, 2010 9:54pm
looks like some Big Boy wanted so 20 pips from the upper trendline and got it ...

now , the question is : is this the new support ... or .. the tweezer says it will fall back into downward channel ... indicating the weakness of usd as per QE2 ?
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  • #21,502
  • Nov 12, 2010 10:09pm Nov 12, 2010 10:09pm
saturday cheekiness :

“You may never know what results come of your action, but if you do nothing there will be no result” - Mahatma Gandhi


even if u do nothing , that in itself is a decison (not to do anything) and hence an action ... you choose not to do anything ... u doing nothing will also bring in some results ...maybe something u never expected and/or unpleasant ...what ever ..life flows with u acting or not acting ... ultimately we may land somewhere ... with or without participation ...

so, ... perhaps Mahatma Gandhi should have said : You may never know what results come of ur action or ur inaction ( or even if u standstill ) ... better to always think good, do good and accept what the Divine provides.

cheeky

( btw, i have very high regards of Mahatma Gandhi .. a true Great Soul (Maha Atma ) in this immediate period of History ... so .. please .. no etc. etc. etc. )
  • #21,503
  • Nov 13, 2010 7:52am Nov 13, 2010 7:52am
Quoting TheArcher
looks like some Big Boy wanted so 20 pips from the upper trendline and got it ...

now , the question is : is this the new support ... or .. the tweezer says it will fall back into downward channel ... indicating the weakness of usd as per QE2 ?
improve ur candelistic basic/chart pattern then play with trendline or what ever u like...

that is why not many people able to read their own chart effectively...because of poor in basic candelistic/chart formation....

http://www.babypips.com/school/basic...-patterns.html

just my 2 cent

adios...
  • #21,504
  • Nov 13, 2010 8:29am Nov 13, 2010 8:29am
Quoting grashid
improve ur candelistic basic/chart pattern then play with trendline or what ever u like...

that is why not many people able to read their own chart effectively...because of poor in basic candelistic/chart formation....

http://www.babypips.com/school/basic...-patterns.html

just my 2 cent

adios...
...In malcolmb's thread (VSA) s/he (TheArcher) was told similar thing several times...
The Market pays you to be disciplined
  • #21,505
  • Nov 13, 2010 9:53am Nov 13, 2010 9:53am
Quoting grashid
improve ur candelistic basic/chart pattern then play with trendline or what ever u like...

that is why not many people able to read their own chart effectively...because of poor in basic candelistic/chart formation....

http://www.babypips.com/school/basic...-patterns.html

just my 2 cent

adios...
thank you very much for ur encouragement and insight.

care to share how you think it will play out chartwise ?

eagerly looking forward to your sharing : it would not only be an eye opener for me but also for others .

thank you .

  • #21,506
  • Nov 13, 2010 9:55am Nov 13, 2010 9:55am
Quoting mima
...In malcolmb's thread (VSA) s/he (TheArcher) was told similar thing several times...



u meant read up on VSA ? .. yes .
  • #21,507
  • Nov 13, 2010 11:05pm Nov 13, 2010 11:05pm
Quoting TheArcher
thank you very much for ur encouragement and insight.

care to share how you think it will play out chartwise ?

eagerly looking forward to your sharing : it would not only be an eye opener for me but also for others .

thank you .

mate i did have short discussion with realjumper....go and check our post...

its wasted to keep posting the same things again n again....unless have something important to discus for...

cheers...

g
  • #21,508
  • Nov 14, 2010 1:21am Nov 14, 2010 1:21am
Quoting grashid
mate i did have short discussion with realjumper....go and check our post...

its wasted to keep posting the same things again n again....unless have something important to discus for...

cheers...

g
ok

  • #21,509
  • Nov 14, 2010 3:26am Nov 14, 2010 3:26am
will go for long and set tp at 82.76
  • #21,510
  • Nov 14, 2010 7:42am Nov 14, 2010 7:42am
Quoting sadler
do you mind sharing why you took it long at that point.
thanks
its not a static trading system.

its a trading plan based on S/R and price action after years of starring at charts
  • #21,511
  • Nov 14, 2010 8:04am Nov 14, 2010 8:04am
Will go for long if it break the resistance at 82.53
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  • #21,512
  • Nov 14, 2010 9:05am Nov 14, 2010 9:05am
Quoting mikok730
Will go for long if it break the resistance at 82.53
its already break my mate..I wonder how you guys play this pairs since it still show sign of bearish...however we will know next week
  • #21,513
  • Nov 14, 2010 1:33pm Nov 14, 2010 1:33pm
Seems like a little bit of indecision to me. Perhaps some corrections to the south for a re-test of 81.65. Keeping an eye on that slowly declining upper TL as well, could be setting ourselves up for a nice little triangle. We seem to be finding some resistance at the 78.6% fib level as well.

Small positions for me on this one this week.
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  • #21,514
  • Nov 14, 2010 7:58pm Nov 14, 2010 7:58pm
US said they will print a lot of USD to weaken their currency..
What did Japan say? May be they will watch currency closely?
  • #21,515
  • Nov 14, 2010 11:01pm Nov 14, 2010 11:01pm
Ok, USD JPY sitting exactly on the upper edge of the channel (daily chart)...

I believe the european and american session will now define if trend break or trend continuation... it will be decided today.
this pig cannot be slaughtered for ever... or can it?
  • #21,516
  • Nov 15, 2010 1:18am Nov 15, 2010 1:18am
82.90 as i type. I thank the heavens above that I did not listen to doom mongers who preached that it is heading for the gutter of 79.00, and subsequently gave up on this pair. That said, I am not going to test my luck with this pair anymore.
  • #21,517
  • Nov 15, 2010 1:55am Nov 15, 2010 1:55am
Quoting Amanda2
82.90 as i type. I thank the heavens above that I did not listen to doom mongers who preached that it is heading for the gutter of 79.00, and subsequently gave up on this pair. That said, I am not going to test my luck with this pair anymore.
Arent you a little premature?

First 79 is not the "gutter".... If this is "hell" for you, imagine if it goes down to 65 in the next months/years... who knows...
The world is in a disastrous condition.

I for one am not convinced that an uptrend has even started... at best we can say that the immense downtrend is in a pause mode.
this pig cannot be slaughtered for ever... or can it?
  • #21,518
  • Nov 15, 2010 2:39am Nov 15, 2010 2:39am
Quoting georgem
Arent you a little premature?

First 79 is not the "gutter".... If this is "hell" for you, imagine if it goes down to 65 in the next months/years... who knows...
The world is in a disastrous condition.

I for one am not convinced that an uptrend has even started... at best we can say that the immense downtrend is in a pause mode.
What we are seeing at the moment could be nothing more than a correction of the relentless downtrend......although USDX is looking better, but this pair isn't out of the woods yet. Having said that, I am buying dips for now.......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #21,519
  • Nov 15, 2010 3:18am Nov 15, 2010 3:18am
Quoting realjumper
What we are seeing at the moment could be nothing more than a correction of the relentless downtrend......although USDX is looking better, but this pair isn't out of the woods yet. Having said that, I am buying dips for now.......

Same here started buying after 82 was reached... I was wondering about the sudden USD buying in start but it looks more stable now... Hopefully I can put BE after a wave....
  • #21,520
  • Nov 15, 2010 3:26am Nov 15, 2010 3:26am
Daily trend is already bullish, it's still far for reversing weekly trend.
Hopefully it can reach 90.
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