USD/JPY Discussion

like i said earlier, its' a freaking v shape move.

not sure about you guys, but the V is dead to me.

congrats for you if you picked the bottom at 83.5. hope your luck runs with you =) i am just jealous.

I hope you guys taking profit couple of hours ago. It is falling like a rock.

how many years have u traded??

Is anyone looking at 83.16 support? Previous resistance. H4 chart.

What's wrong with my bull man taking profit when the pair stopped heading north after EUR bell from his 83.5 entry??


how long have you been trading?

Nice talk

Anyway, I see a good buy signal at 60 minutes and daily chart. I entered long @ 84.10. I would like to add more if it breaks 84.39 and ride it as long as I can be.

I also put an eye on USD/CHF pair. I see a buy signal over there but it is not strong enought.

My gut feeling tells me that this is not a good trade so I get out @84.15. At least I dun't lose money.

I'm long at 84.12 and I am leaving it open for now to see how the London opening reacts

Oh THAT remarkable giver of trading advice, the thing that says 93% of us are going to pot!

The 1H is a classic 123 pattern off 80.7, assuming "the stop crash incident" can be ignored as a special case. If this as a technical was correct (come on hindsight) the theory says we should be heading for 88.5 as a "dead cert" with a high probability of 93.25 by around end May if this stuff was believable and stood on its own two feet. Somehow it is difficult to ignore gut feelings despite their horrendously useless record of getting it right - which usually means you dodge getting on the right bandwagon at the last moment!

Personally I regard it as a happy coincidence if "all the other stuff" lines up to allow the technicals to succeed and people who are "true believers" get to crow about it. Still looks like dumb luck to me and I count the times they don't work - until that good 'ol 20-20 hindsight comes along... Boris knows all about it (http://www.fxstreet.com/webinars/ses...b-e70262843b7b)

If you believe this hocus pocus techo stuff then I would point out there is no reason the 123 pattern wasn't "go" yesterday, but that would've cost a stop. Whilst it could be "go" right now equally the thing could continue the down trend and any point 2 fall outside the rules for it, who knows. With this sort of analogy one gets to be "right" whichever way it goes, but are we in the money?

Of course in reality it is a blend, we are just trying to guess which bits when and having a mighty tough job of simple yes/no decisions! The main reason why the 123 thing may happen as noted above IMHO is that in mid May the market will be expecting QE2 to end and the ramp up will be on. Probably they won't know about QE3 yet, the only thing that varies is the timing of this and how far the $ can climb before they start talking about it at least to buy another period of trashed dollar lead exports / repayments as the pollies gather in their bunkers to hunker down for the real fight after last week's non-shut-down-of-govt opening salvo got to "game on".

I was in at 84.03 on this logic and 84.10 should be OK to run, but it is tricky to decide what to do with the trade as a stop would have to be 70 pips below (per price action) and money mgt won't let me think of a stop that far away! Given timing of entry is weak although direction is good fundamentally albeit that the launch point is unclear until 20-20 hindsight kicks in so I will just blunder along looking for the planets to finally align, despite their absolute stubbornness to do so, and bale at b/e!

took the risk on a sell order , hope it doesnt break the 50 ema.

http://i1187.photobucket.com/albums/z400/hyip1/ok.gif



USDX

http://i1187.photobucket.com/albums/z400/hyip1/cc-2.gif

Hey buddy,

I think that your trade is pretty risky due to the fact that they still are the inside bars of the big bear bar yesterday.

I will have more confident to long if they break the 84.30 level and that's the reason I got out. I'm still very bullish in this pair but I'm hoping to get a good price @82.80 level. Otherwise, I'm also happily to long above 84.30 level. At this range? No, thank you!!!

i only asking a general question because i am considering your PA and TL , hope its not the other intention. =)

Its very risky to me.....although Japan is unlikely to raise its interest rate this yr.... bt in the short run..if anything bad happen in Japan, Middle East and Africa.....or even in Europe....Yen is gonna rise...

for the short run i wil favour a short position for yen

I will be looking for a break of the descending trend line before entering long again.

USD/JPY M5

just close my short position , now entering long , hope to get 10 pips out of a swing trade =)


bounce off 50.0 fibo.

http://i1187.photobucket.com/albums/z400/hyip1/mmm.gif


closed it , got 5 pips out of a swing trade , better then nothing.

Failed on the 1st attempt, but finding support at the Weekly S1.

USD/JPY M5

Long @ 83.63 SL BE+1

What's the problem? What's with the dip down??!!

hey, it's profit taken. this pair is going range between 84.5-83.5 until any major moves within US economy.

USD will not go easily go pass 84.50, weekly Resistance.


PPI, and unemployment claim tomorrow morning..