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USD/JPY Discussion

  • #24,801
  • Jul 12, 2011 4:20pm Jul 12, 2011 4:20pm
opened a position when it seemed that it dropped a lot after a minute i see its 60pip underwater ,can imagine some people 2morrow waking up with margin calls and etc,any explatantion for whats happening with japan /?
  • #24,802
  • Jul 12, 2011 4:20pm Jul 12, 2011 4:20pm
still short... targeting a retest of 76.35
  • #24,803
  • Jul 12, 2011 4:25pm Jul 12, 2011 4:25pm
Quoting pinkiaiii
opened a position when it seemed that it dropped a lot after a minute i see its 60pip underwater ,can imagine some people 2morrow waking up with margin calls and etc,any explatantion for whats happening with japan /?
prob some stop hunting, got in again @ 78.69 which seems to hold.
Well SL @ BE and we will see tomorrow....
Don't be a hero. Don't have an ego. Always question yourself
  • #24,804
  • Jul 12, 2011 4:32pm Jul 12, 2011 4:32pm
interesting things happenin first aud went mad nearly 1.08 that nzd reached record highs ,now two of them plummeted over 200pip,also eur chf at record lows.
  • #24,805
  • Jul 12, 2011 6:33pm Jul 12, 2011 6:33pm
Quoting USD-Bear
prob some stop hunting, got in again @ 78.69 which seems to hold.
Well SL @ BE and we will see tomorrow....
This is interesting Bear......and I think we can expect more of the same unless Noda grows a backbone and backs up his flappin' gums: http://www.forexlive.com/blog/2011/0...eted-at-78-50/

And this is interesting about Stop Loss hunting: http://www.forexlive.com/blog/2011/0...top-loss-runs/
Doing what you like is Freedom. Liking what you do is Happiness.
  • #24,806
  • Jul 12, 2011 7:07pm Jul 12, 2011 7:07pm
Made around 489$ when the market shot way down and tested the 78.49 then head back up, currently showing what looks like to be a small bull run, previous candle closed above the 38.2 fib, seeing if this candle can close above the 23.6 but right above it is a resistance line of 79.59 which seems to be getting stronger each time its tested! Which way to go, short or long!
Voodoo Economics.......
  • #24,807
  • Jul 12, 2011 7:34pm Jul 12, 2011 7:34pm
TOKYO, July 12 (AP) - (Kyodo)—Japan's poverty rate in 2009 hit a record-high 16.0 percent, up 0.3 percentage point from 2006, as population shares increased for people aged 65 or older and nonregular employees with less income, the welfare ministry said Tuesday.

The relative poverty rate, which represents a population share for people whose annual income slips below half the median national disposable income, was the highest since the government began to compile the rate in 1985. The median national disposable income in 2009 stood at 2.24 million yen ($28,000).

The rate, calculated every three years, has risen almost consistently from 12.0 percent for the initial year, the Ministry of Health, Labor and Welfare said.

Based on a national livelihood survey conducted in June and July 2010, the ministry also said the child poverty rate, which indicates a share for children aged 17 or younger living in poor households with annual income at less than half the medial level, also hit a record high of 15.7 percent in 2009.
Average annual household income in 2009 rose 0.4 percent to 5,496,000 yen, the ministry said.

The number of elderly households, including those with elderly people and children at 17 or younger, came to an estimated record high of 10,207,000 in 2010, accounting for 21 percent of the total.

In the survey, a record 59.4 percent of responding households said it is difficult to make both ends meet.

The income statistics were based on data covering around 26,000 households, while household member data were obtained from around 230,000 samples.


http://www.breitbart.com/article.php...show_article=1
Doing what you like is Freedom. Liking what you do is Happiness.
  • #24,808
  • Jul 12, 2011 8:08pm Jul 12, 2011 8:08pm
I see 78.45 and then 77.68 down.

The failure to go to middle line on my upper fork confirms a strong bear. that fork was made around 5 days ago and it was going to break lower significantly sooner or later (happened yesterday).

78.45 and 77.68 are strong supports (both were highlighted by my forks, trendlines, and IBFX pivotal indicators as supports. Tree of them, yes) - I still see those points strongly in short - medium term.

Only if 81.20ish got hit again then it may be a sign of bullish trend makes its comeback...otherwise there'll be lots of movement on the 70s..

what's your view?
Attached Image (click to enlarge)
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trading is my zen
  • #24,809
  • Jul 12, 2011 8:35pm Jul 12, 2011 8:35pm
Quoting ShirleyLo
I see 78.45 and then 77.68 down.

The failure to go to middle line on my upper fork confirms a strong bear. that fork was made around 5 days ago and it was going to break lower significantly sooner or later (happened yesterday).

78.45 and 77.68 are strong supports (both were highlighted by my forks, trendlines, and IBFX pivotal indicators as supports. Tree of them, yes) - I still see those points strongly in short - medium term.

Only if 81.20ish got hit again then it may be a sign of bullish trend makes its comeback...otherwise there'll be lots...
Nice analysis Shirley

The Yen, Swissy and Gold (you know more about Gold than I), are at the mercy of USD and EZ. Either one, or both, produce wild swings as we have seen due to risk aversion, and so any analysis is very difficult.....at least it is for me!!

However, if we disregard the spikes and the post intervention rally and subsequent fall for a moment, we seem to be left with this descending channel. How long this will continue for is unknown.....it depends on what USA intends to do regarding QE2 ending, and what ECB/IMF come up with for Greece and other countries that are struggling.

So for the moment, this pair is quite tricky to trade, and I'm not prepared to get into anything other than intraday setups with very tight stops.

RJ
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #24,810
  • Jul 12, 2011 8:45pm Jul 12, 2011 8:45pm
wow, how do you know gold xau/usd is my favorite pair! I remember our first encounter was to kick that Bobowang kid's arse (the trading records show-off debacle, lol)

I see on your lines that it just hits the lower line, showing a bargan buy, actually. I have one lot of short at 79.50, stop at 79.95, t/p 78.80 (I like the safe side).

Mind you, USDJPY is probably the safest to trade now. EUR and GBP screwed me over last week.

Quoting realjumper
Nice analysis Shirley

The Yen, Swissy and Gold (you know more about Gold than I), are at the mercy of USD and EZ. Either one, or both, produce wild swings as we have seen due to risk aversion, and so any analysis is very difficult.....at least it is for me!!

However, if we disregard the spikes and the post intervention rally and subsequent fall for a moment, we seem to be left with this descending channel. How long this will continue for is unknown.....it depends on what USA intends to do regarding QE2 ending, and what ECB/IMF come up with...
trading is my zen
  • #24,811
  • Jul 12, 2011 8:57pm Jul 12, 2011 8:57pm
Quoting ShirleyLo
wow, how do you know gold xau/usd is my favorite pair! I remember our first encounter was to kick that Bobowang kid's arse (the trading records show-off debacle, lol)

I see on your lines that it just hits the lower line, showing a bargan buy, actually. I have one lot of short at 79.50, stop at 79.95, t/p 78.80 (I like the safe side).

Mind you, USDJPY is probably the safest to trade now. EUR and GBP screwed me over last week.
LOL......must be that vault of gold on your profile that gives me a hint

I think this week has been quite difficult to trade from TA stand point for most pairs. There have been some great profits though, but it has been 'shooting from the hip' for short term trades. My H4 trades have been a bit more orderly though.

Wonder how bobowang is getting on?........must be closing in on a million bucks by now!!!

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #24,812
  • Jul 12, 2011 9:07pm Jul 12, 2011 9:07pm
Noda must be pissing off the broker/dealer's, lol.

Go Noda!
  • #24,813
  • Jul 12, 2011 9:16pm Jul 12, 2011 9:16pm
Quoting 2+2=4ex
Noda must be pissing off the broker/dealer's, lol.

Go Noda!
He's 'watching closely'
Doing what you like is Freedom. Liking what you do is Happiness.
  • #24,814
  • Jul 12, 2011 9:19pm Jul 12, 2011 9:19pm
Quoting realjumper
He's 'watching closely'
He's watching like this...

http://www.normanbonney.com/images/aux/handheld2.JPG
  • #24,815
  • Jul 12, 2011 9:26pm Jul 12, 2011 9:26pm
My broker watches me closer than that.

I was having a very short (one liner) convo in a thread about my broker (FXCM) in a GOLD (non broker) thread. And a minute later a rep from FXCM replied to my post.

I reckon they've 100s of employees dedicated to press 'REFRESH' buttons on the 'Search result for: FXCM' every 30 seconds or so.

Quoting 2+2=4ex
He's watching like this...

http://www.normanbonney.com/images/aux/handheld2.JPG
trading is my zen
  • #24,816
  • Jul 12, 2011 9:33pm Jul 12, 2011 9:33pm
Quoting ShirleyLo
My broker watches me closer than that.

I was having a very short (one liner) convo in a thread about my broker (FXCM) in a GOLD (non broker) thread. And a minute later a rep from FXCM replied to my post.

I reckon they've 100s of employees dedicated to press 'REFRESH' buttons on the 'Search result for: FXCM' every 30 seconds or so.
Similar thing happened to me too Shirley.....I was explaining why I use an MT4 demo account for charting rather than FXCM's Marketscape charts (lack of indi's) and within a few minutes I got a message pointing out that FXCM indeed does have the indi I was wanting and how to find it.....and.....how to request custom indi's etc etc.

They were really fast on their reply!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #24,817
  • Jul 12, 2011 9:33pm Jul 12, 2011 9:33pm
Quoting ShirleyLo
My broker watches me closer than that.

I was having a very short (one liner) convo in a thread about my broker (FXCM) in a GOLD (non broker) thread. And a minute later a rep from FXCM replied to my post.

I reckon they've 100s of employees dedicated to press 'REFRESH' buttons on the 'Search result for: FXCM' every 30 seconds or so.
Funny you should mention that cause I've seen reps comment on a thread before when their name gets mentioned. I'm sure some of them do scan the forums and search engines. They probably have a file on you Miss/Mrs Shirley Lo. Maybe they even know what you ate for lunch! Freaky!
  • #24,818
  • Jul 12, 2011 9:37pm Jul 12, 2011 9:37pm
Quoting 2+2=4ex
Funny you should mention that cause I've seen reps comment on a thread before when their name gets mentioned. I'm sure some of them do scan the forums and search engines. They probably have a file on you Miss/Mrs Shirley Lo. Maybe they even know what you ate for lunch! Freaky!
I just duct tape my webcam.
trading is my zen
  • #24,819
  • Jul 12, 2011 9:38pm Jul 12, 2011 9:38pm
Quoting ShirleyLo
I just duct tape my webcam.
hehe, good job.
  • #24,820
  • Jul 12, 2011 9:49pm Jul 12, 2011 9:49pm
http://lcchong.files.wordpress.com/2...ng?w=877&h=399

http://lcchong.files.wordpress.com/2...ng?w=877&h=398
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