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USD/JPY Discussion

  • #22,001
  • Dec 28, 2010 3:42am Dec 28, 2010 3:42am
Looks like the JPY is going back to record highs again, this isn't the best currency to trade IMO.
Does anyone know when this might start to weaken again?

Is Noda still on the scene?
I'm watching this currency so closely I'm using windows magnifier
  • #22,002
  • Dec 28, 2010 7:16am Dec 28, 2010 7:16am
The weakening of the greenback keeps going with no end in sight. The dollar, against its Japanese counterpart pierced the bottom of the range at 82.35 early in the European session. At the moment of writing the pair is pushing down on 82.10, a 7-week low, continuing on a bearish trend.

even though JPY is considered oversold, technically it still has strongly bearish position. But for me, end of year situation kinda unpredictable. So best for having clear position for now, and waiting for 2011 to come.

Have a blast holiday everyone!
  • #22,003
  • Dec 28, 2010 7:44am Dec 28, 2010 7:44am
"But for me, end of year situation kinda unpredictable" or simply, make use of these lows, before the USD strengthens again, which is another useful strategy.
I'm watching this currency so closely I'm using windows magnifier
  • #22,004
  • Jan 2, 2011 6:57am Jan 2, 2011 6:57am
I for one will start scaling in right here.

Short - and long term chart USDJPY
  • #22,005
  • Jan 2, 2011 6:48pm Jan 2, 2011 6:48pm
Attached Image (click to enlarge)
Click to Enlarge Name: uj3.jpg Size: 114 KB




will monitor PA for long
  • #22,006
  • Jan 4, 2011 9:14am Jan 4, 2011 9:14am
On the day chart price has fallen out of the upward channel and looks like its just trying to get back in it.
Notice the red line drawn from a long way back,for me thatas the trigger to long or short.
Fomc day today so will check again late tonight to see where we close and decide from there.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: yen 1 day wide.gif Size: 17 KB
Click to Enlarge Name: yen 1 day nornal.gif Size: 18 KB
You can remain irrational longer than you can remain solvent.
  • #22,007
  • Jan 5, 2011 4:44am Jan 5, 2011 4:44am
No change,no idea,a few charts are right on the edges at the moment,trading edges is a nice way to go because you can keep risk on your side,at the start of a trade RISK is the only thing that matters.
Don't think we'll get anything going here until NFP is out the way.
No point in updating the chart,we're still in no mans land,thats all i need to know.
Pa will point the way ,but not yet.
You can remain irrational longer than you can remain solvent.
  • #22,008
  • Jan 5, 2011 7:22am Jan 5, 2011 7:22am
so umm will this hit 84 with this report? 297k is alot. It could break 83 tonite.
  • #22,009
  • Jan 5, 2011 10:28am Jan 5, 2011 10:28am
wow... super bullish for one day.. no significant news?
  • #22,010
  • Jan 5, 2011 10:35am Jan 5, 2011 10:35am
Quoting Hugo Boss
wow... super bullish for one day.. no significant news?
after the thin markets of the last december week this first week of the new year just needed some kind of "shake up".

Now the game is on!
this pig cannot be slaughtered for ever... or can it?
  • #22,011
  • Jan 5, 2011 10:47am Jan 5, 2011 10:47am
waiting for friday NFP, if the number come much bigger than prediction The Japan will fly.... How high can you go?
  • #22,012
  • Jan 6, 2011 4:50pm Jan 6, 2011 4:50pm
At the end of the day pair is currently approaching weekly downtrend trendline. Last day price struggled, but had some movement south.
Time to open sell order?

http://img709.imageshack.us/img709/1879/usdjpyd2.png

Regards,
suirad
  • #22,013
  • Jan 6, 2011 11:34pm Jan 6, 2011 11:34pm
Quoting suirad
At the end of the day pair is currently approaching weekly downtrend trendline. Last day price struggled, but had some movement south.
Time to open sell order?

http://img709.imageshack.us/img709/1879/usdjpyd2.png

Regards,
suirad
Or open a long now

http://gyazo.com/0d90311e994aeb2068dadad2878c7f99.png
  • #22,014
  • Jan 7, 2011 12:00am Jan 7, 2011 12:00am
Quoting belief
Or open a long now

http://gyazo.com/0d90311e994aeb2068dadad2878c7f99.png
Ahaaa...

If I am not mistaken, you are using (8, 21 & 365)ema and 89 & 200)sma in your charting. I also LONG this pair @ 83.27 yesterday. No yet setting my TP because I am greed...(or desperate)...
  • #22,015
  • Jan 9, 2011 4:29am Jan 9, 2011 4:29am
Emerging Butterfly Pattern – USDJPY – Daily Timeframe
  • #22,016
  • Jan 9, 2011 6:43pm Jan 9, 2011 6:43pm
Shorted this pair one more time after fridays daily bearish candle, which spiked downtrend trendline, but did not closed above that trendline.

http://img412.imageshack.us/img412/3941/usdjpyd3.png

Regards,
suirad
  • #22,017
  • Jan 10, 2011 12:27am Jan 10, 2011 12:27am
I am short for a few pips scalp
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy1.png Size: 41 KB

http://www.forexfactory.com/showthread.php?t=275426
  • #22,018
  • Jan 10, 2011 12:41am Jan 10, 2011 12:41am
Quoting constin
I am short for a few pips scalp
Attachment
http://www.forexfactory.com/showthread.php?t=275426
in the situation like this, dont take sell position, why? it simply because 83 is very cheap for yen. its so low... it won't go any lower... am rite or what?
  • #22,019
  • Jan 10, 2011 12:46am Jan 10, 2011 12:46am
Quoting felicciano
in the situation like this, dont take sell position, why? it simply because 83 is very cheap for yen. its so low... it won't go any lower... am rite or what?
You might be right but im trading with technical.
Why do you think 83 is very cheap for yen?
  • #22,020
  • Jan 10, 2011 12:55am Jan 10, 2011 12:55am
Quoting felicciano
in the situation like this, dont take sell position, why? it simply because 83 is very cheap for yen. its so low... it won't go any lower... am rite or what?
U R very right
Old Habits Die Hard.
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