USD/JPY Discussion | Page 1079 | 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

  • #21,561
  • Nov 17, 2010 8:54am Nov 17, 2010 8:54am
Quoting redsword11
Attachment


correction pending ...............

Attached Image (click to enlarge)
Click to Enlarge Name: uj.jpg Size: 127 KB



prolonged compression - nice break of wedge


other open trade - eu long



Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 76 KB




Red
  • #21,562
  • Nov 17, 2010 9:20am Nov 17, 2010 9:20am
Quoting redsword11
Attachment


prolonged compression - nice break of wedge


other open trade - eu long



Attachment



Red

Attached Image (click to enlarge)
Click to Enlarge Name: uj.jpg Size: 125 KB



closed uj



Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 75 KB


Attached Image (click to enlarge)
Click to Enlarge Name: sw.jpg Size: 153 KB




swissy test - banked eu




Red
  • #21,563
  • Nov 17, 2010 12:14pm Nov 17, 2010 12:14pm
Looking to long again after some bounce confirmation
Attached Image (click to enlarge)
Click to Enlarge Name: DYundecided.png Size: 79 KB
  • #21,564
  • Nov 17, 2010 2:17pm Nov 17, 2010 2:17pm
Quoting redsword11


closed uj


Red
I also have this little bat on the M30
Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #21,565
  • Nov 17, 2010 2:27pm Nov 17, 2010 2:27pm
Quoting fosking
Thank you realjumper!

It's my exact thoughts on 85.00. I've marked out the resistance line and reasons on the chart bellow why i think it will be strong resistance.
I will look to take profits at 85.00, wait for a retracement and then go long again. I will not be selling the retracement. 85.00 should see a lot of long covering and a lot of short orders so don't really want to fight it.

i would expect the pull back to around 83.60/83.00. 83.00 is a string possibility because of the monthly R1 pivot. If we got down to 83.00 all we would need is...
Like you, I don't believe (at this stage) that 85.00 will be the end of the climb. I won't be closing my longs there, but I will add to my longs at the completion of any pullback. I'm not sure how deep any pullback will be, but drawing a fib from the low to 85.00 gives us 83.86 as the 23.6 fib and 83.14 as the 38.2 fib.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #21,566
  • Nov 17, 2010 3:52pm Nov 17, 2010 3:52pm
I think 8400 is the number to watch, if and once it passes there I think we could climb on to 8800, I see this long as having very good potential, the sky could be our limit, but the problem might be getting past the 8400 level first.
I'm watching this currency so closely I'm using windows magnifier
  • #21,567
  • Nov 17, 2010 4:31pm Nov 17, 2010 4:31pm
Evening Traders!

We didn't see too much explosive action today with a total daily range of about 50 pips and equities finishing the day flat.
My bias going into tomorrows trade remains bullish which is backed up by a M5 chart I have attached of the trading week so far.
We can clearly see we are bullish for the week with todays support coming in at 83.00, which has been former support and resistance many times already this week.
On the M5 chart we have a green descending trend line, which if respected, may have a chance of pushing us through the red ascending trend line to lows of the weekly R1 at 82.83.

Daily
Attached Image (click to enlarge)
Click to Enlarge Name: jpy2.png Size: 146 KB


M5 (15/11-19/11)
Attached Image (click to enlarge)
Click to Enlarge Name: jpy3.png Size: 126 KB
  • #21,568
  • Nov 17, 2010 4:56pm Nov 17, 2010 4:56pm
Gonna short this at 83.20...see if i can scalp some 20 pips....
  • #21,569
  • Nov 17, 2010 5:10pm Nov 17, 2010 5:10pm
I think market is demonstrating wild exercise with Europe in background...I will stay away for the rest of the week
The Market pays you to be disciplined
  • #21,570
  • Nov 17, 2010 5:15pm Nov 17, 2010 5:15pm
Quoting fosking
Evening Traders!

We didn't see too much explosive action today with a total daily range of about 50 pips and equities finishing the day flat.
My bias going into tomorrows trade remains bullish which is backed up by a M5 chart I have attached of the trading week so far.
We can clearly see we are bullish for the week with todays support coming in at 83.00, which has been former support and resistance many times already this week.
On the M5 chart we have a green descending trend line, which if respected, may have a chance of pushing us through the...
If you look at my little bat on the previous page you can see the support line at 82.81, so we are in the same ball park. I'm keen to see the new pivots paint in about 45 minutes....at the moment I have the DP at 83.25 and S2 at 82.94
Doing what you like is Freedom. Liking what you do is Happiness.
  • #21,571
  • Nov 17, 2010 5:18pm Nov 17, 2010 5:18pm
I'm also watching this on the H2....
Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #21,572
  • Nov 17, 2010 5:21pm Nov 17, 2010 5:21pm
My second chart posted above has the weekly pivot points on it. Here is the same chart but with daily also. Daily has the same as you have.

M5 (15/11-19/11)
Attached Image (click to enlarge)
Click to Enlarge Name: jpy1.png Size: 136 KB
  • #21,573
  • Nov 17, 2010 5:22pm Nov 17, 2010 5:22pm
at this point... whatever...
I just want some volatility... come on....
this pig cannot be slaughtered for ever... or can it?
  • #21,574
  • Nov 17, 2010 5:25pm Nov 17, 2010 5:25pm
Quoting fosking
My second chart posted above has the weekly pivot points on it. Here is the same chart but with daily also. Daily has the same as you have.
Yes, we're clearly on the same page
Doing what you like is Freedom. Liking what you do is Happiness.
  • #21,575
  • Nov 17, 2010 5:29pm Nov 17, 2010 5:29pm
Quoting realjumper
Yes, we're clearly on the same page
I have been following your H2 chart but on H1. Possible support around the purple lines.

H1
Attached Image (click to enlarge)
Click to Enlarge Name: jpy2.png Size: 110 KB
  • #21,576
  • Nov 17, 2010 11:04pm Nov 17, 2010 11:04pm
Quoting georgem
at this point... whatever...
I just want some volatility... come on....
tonight in NY open to London close....just patient
  • #21,577
  • Nov 18, 2010 7:11am Nov 18, 2010 7:11am
well who's going short??... it looks like dont u think??
  • #21,578
  • Nov 18, 2010 9:20am Nov 18, 2010 9:20am
bullish spike....
next strong resistance 84,4.. hopefully can be broken this week...
  • #21,579
  • Nov 18, 2010 9:46am Nov 18, 2010 9:46am
  • #21,580
  • Nov 18, 2010 10:40am Nov 18, 2010 10:40am
sold @ 83.640
26 traders viewing now