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USD/JPY Discussion

  • #24,201
  • Edited 12:45pm May 13, 2011 12:34pm | Edited 12:45pm
Quoting USD-Bear
Must say I'm flabergasted by the fact that after a rise of 300 pips on USDX UJ managed to do exactly nothing.
I'll stay out of longs for a while untill "normal" conditions return.....
I plotted a upward wedge last night, but it has been broken downwardly, does this hint more downside?
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  • #24,202
  • May 13, 2011 12:41pm May 13, 2011 12:41pm
Quoting Darkforce
I plotted a upward wedge last night, but it has been broken downwardly, does this hint more downside?
I'm not that good in TA but lets see the picture, I'm just getting little afraid that if a +300 pip move in USDX results in nothing on UJ what a -300 pip move will do....
Don't be a hero. Don't have an ego. Always question yourself
  • #24,203
  • May 13, 2011 12:46pm May 13, 2011 12:46pm
Quoting USD-Bear
I'm not that good in TA but lets see the picture, I'm just getting little afraid that if a +300 pip move in USDX results in nothing on UJ what a -300 pip move will do....
Sorry, re-attached the pic in my above post.
  • #24,204
  • May 13, 2011 1:12pm May 13, 2011 1:12pm
Quoting Darkforce
Sorry, re-attached the pic in my above post.
Don't know, I like to use symetrical trendlines like the one's below.
What I see there is:

break of the large downtrending UTL line, ok for longs.
One pull-back after this break towards large UTL line, ok for longs.
But then the upmove should have started, instead it hoovers down between the large UTL and the new downtrending UTL.
These patterns are often a continuation of the old down trend at a higher level. This plus the not respecting weekly pivot looks like new lows will come.
I've lost my short term bias for longs right now looking for a re-visit of 79.60
If I would have balls I would short it below weekly pivot, but that's too much to ask

H4:
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Don't be a hero. Don't have an ego. Always question yourself
  • #24,205
  • May 13, 2011 4:33pm May 13, 2011 4:33pm
Quoting USD-Bear
Don't know, I like to use symetrical trendlines like the one's below.
What I see there is:

break of the large downtrending UTL line, ok for longs.
One pull-back after this break towards large UTL line, ok for longs.
But then the upmove should have started, instead it hoovers down between the large UTL and the new downtrending UTL.
These patterns are often a continuation of the old down trend at a higher level. This plus the not respecting weekly pivot looks like new lows will come.
I've lost my short term bias for longs right now looking for...
Good to play safe.
  • #24,206
  • May 13, 2011 10:17pm May 13, 2011 10:17pm
Monthly

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Weekly


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  • #24,207
  • May 16, 2011 11:20pm May 16, 2011 11:20pm
i will wait till it breaks out of range
  • #24,208
  • May 17, 2011 12:31am May 17, 2011 12:31am
inside bar on weekly chart
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Attached Image
A chart helps those who can read it.
  • #24,209
  • May 17, 2011 1:58am May 17, 2011 1:58am
Quoting geniusztc
inside bar on weekly chart
closed my long positions . 100 pips .
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A chart helps those who can read it.
  • #24,210
  • May 17, 2011 5:11am May 17, 2011 5:11am
Sold: 81.688
  • #24,211
  • May 17, 2011 7:39am May 17, 2011 7:39am
believed we are at the 4 wave , buying in at around 81.334
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  • #24,212
  • May 17, 2011 9:10pm May 17, 2011 9:10pm
closed trade , total loss for me, part of statistics. no problem
  • #24,213
  • May 18, 2011 12:35am May 18, 2011 12:35am
Quoting spaizkadett
Sold: 81.688
Closed: 81.070
  • #24,214
  • May 18, 2011 12:37am May 18, 2011 12:37am
seems like a trend reversal on a daily basis. i`m going long with a sl at 80.00
  • #24,215
  • May 18, 2011 12:57am May 18, 2011 12:57am
Quoting feralnature
seems like a trend reversal on a daily basis. i`m going long with a sl at 80.00
??

Trader from Croatia
  • #24,216
  • May 18, 2011 3:30am May 18, 2011 3:30am
seems like JPY cant able to get itself out of the point of contact. i see a very strong bearish signal at the moment. we are fighting a very strong yen at this moment.


Quoting Geene
??

...
  • #24,217
  • May 18, 2011 3:50am May 18, 2011 3:50am
Quoting feralnature
seems like a trend reversal on a daily basis. i`m going long with a sl at 80.00
Do you see all the problems the PA has around this area? Be careful!
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #24,218
  • May 18, 2011 5:00am May 18, 2011 5:00am
Quoting realjumper
Do you see all the problems the PA has around this area? Be careful!
i am stunned to see the price actually went back 80 pips to find its old friend. 81.05 . i wait play the swing towards the poc. if u notice the bullish signal are rushing up and the bearish is slowly which is unlike the normal behavior.
  • #24,219
  • May 18, 2011 5:34am May 18, 2011 5:34am
Long: 81.022
  • #24,220
  • May 18, 2011 6:01am May 18, 2011 6:01am
Hi all, greate thread :-)
spaizkadett, any target ? pics please ;-)


Quoting spaizkadett
Long: 81.022
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