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USD/JPY Discussion

  • #25,441
  • Aug 4, 2011 5:06am Aug 4, 2011 5:06am
Quoting whatfx
it appears 80 not holding
maybe not to the pip, but really +40 pips or more would convince me, 15 pip break doesnt
  • #25,442
  • Aug 4, 2011 5:07am Aug 4, 2011 5:07am
here we come baby

Quoting SystemFX2011
nice trade, keep a look out for 81.582 ish for 100EMA target (daily TF)
  • #25,443
  • Aug 4, 2011 5:09am Aug 4, 2011 5:09am
340 pips up from yesterdays low less than 24 hours ago. What a move.
  • #25,444
  • Aug 4, 2011 5:13am Aug 4, 2011 5:13am
i see holding at 80.80, failing which there has to be a strong consolidation near 81.50 before a downturn.

but who knows
  • #25,445
  • Aug 4, 2011 5:16am Aug 4, 2011 5:16am
80.20 reached, no sign of weakening....BOJ
won the markets....major corporations a no
go....there are some selling....will it be strong?
  • #25,446
  • Aug 4, 2011 5:19am Aug 4, 2011 5:19am
I believe theres still momentum left, 81.50 is likely. Last time it hit 84 or so in a few days. NFP might dent it abit if bad but intervention > anything.
  • #25,447
  • Aug 4, 2011 5:20am Aug 4, 2011 5:20am
Quoting Demon Bane
80.20 reached, no sign of weakening....BOJ
won the markets....major corporations a no
go....there are some selling....will it be strong?

demon where are you getting your selling info from ?
  • #25,448
  • Aug 4, 2011 5:46am Aug 4, 2011 5:46am
looks like time to short fellas
  • #25,449
  • Aug 4, 2011 5:48am Aug 4, 2011 5:48am
Quoting whatfx
demon where are you getting your selling info from ?
My source is from a reliable bank dealer....
  • #25,450
  • Aug 4, 2011 5:51am Aug 4, 2011 5:51am
Quoting Demon Bane
My source is from a reliable bank dealer....

so what say your sources demon ? time to short ?
  • #25,451
  • Aug 4, 2011 5:53am Aug 4, 2011 5:53am
Quoting whatfx
so what say your sources demon ? time to short ?
I already shorted @ 80.20.... exited @ 79.83....will short again
if 80.50 reached....
  • #25,452
  • Aug 4, 2011 5:58am Aug 4, 2011 5:58am
Took a short myself @ 79.98. Am looking to hold this one for a while.....
  • #25,453
  • Aug 4, 2011 5:58am Aug 4, 2011 5:58am
Basically I'm playing very short term based
upon some bank dealer's info and 00/50
levels....so far have been profitable....
  • #25,454
  • Aug 4, 2011 5:58am Aug 4, 2011 5:58am
good call.

i took a small short position at 80.01. wasnt too sure so did not wanna risk it, the way the market was trending upwards with a vengeance.
after the battering i took on my short last night. hope the small short pays off, i can add positions as the market keeps falling.

any idea where the big boys wopuld have placed thier stops for the shorts ?
  • #25,455
  • Aug 4, 2011 5:59am Aug 4, 2011 5:59am
Quoting ukdaytrader
Took a short myself @ 79.98. Am looking to hold this one for a while.....
So u think where it'll go from here ?
  • #25,456
  • Aug 4, 2011 6:01am Aug 4, 2011 6:01am
Quoting whatfx
good call.

i took a small short position at 80.01. wasnt too sure so did not wanna risk it, the way the market was trending upwards with a vengeance.
after the battering i took on my short last night. hope the small short pays off, i can add positions as the market keeps falling.

any idea where the big boys wopuld have placed thier stops for the shorts ?
80.50 will be alot of sell orders....from major
corporations....not retail traders....So is
80.20....which you knew already....
  • #25,457
  • Aug 4, 2011 6:08am Aug 4, 2011 6:08am
Quoting Demon Bane
My source is from a reliable bank dealer....
so to what extent it's going down???

cos i'm stock with short positions
  • #25,458
  • Aug 4, 2011 6:12am Aug 4, 2011 6:12am
Quoting zelenko
so to what extent it's going down???

cos i'm stock with short positions
Any down will be short-lived...I'll exit with
30 pips for any selling orders....85.00 is likely
the ultimate target....but for now, I'll be betting
on short-term trading....Since BOJ had intervened,
it'll be hard to tell who will win this tug-of-war...

Where are your short positions ?
  • #25,459
  • Aug 4, 2011 6:14am Aug 4, 2011 6:14am
Also take short 79.78 Look like money for free
Once scalper always scalper
  • #25,460
  • Aug 4, 2011 6:20am Aug 4, 2011 6:20am
Quoting Demon Bane
So u think where it'll go from here ?
Not entirely sure tbh. Somewhere in the 79.10 region would be reasonable. Big big bearish divergence with UY on the 30m TF and I am thinking that 80.2 is the short term top. Getting expensive to buy here imo.
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