USD/JPY Discussion | Page 1283 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #25,641
  • Aug 8, 2011 4:04am Aug 8, 2011 4:04am
Quoting Mr Breakout
I noticed that on Sundays, after the first few hourly bars, there is a tendency for the price to fill any "gap" that might have occurred.

Once the price fills that gap THEN the trend resumes.

yeah, a tendency but not a guarantee. be careful you could be caught out here.


iam still short, so can only hope the market keeps on falling further....
  • #25,642
  • Edited 6:58am Aug 8, 2011 4:16am | Edited 6:58am
Quoting freemen
Take long 78.15 waiting intervention
Look like BOJ no more money for intervention
Closed long 77.80 without cash
We will get profit here
Once scalper always scalper
  • #25,643
  • Aug 8, 2011 4:53am Aug 8, 2011 4:53am
Quoting freemen
Look like BOJ no more money for intervention
Closed long 77.80 without with cash
We will get profit here
Don't put hopes on a meagre intervention. Look instead to overall market trend. Intervention is unlikely to happen before Wednesday - going by their past record. Post earthquake intervention happened on Wednesday and so did the recent one. In fact the 2010 intervention ALSO was on a Wednesday! History repeating? I would certainly say so.
  • #25,644
  • Aug 8, 2011 7:03am Aug 8, 2011 7:03am
sell sell sell , downgrade downgrade downgrade, sell sell sell , boj boj boj, buy buy buy , sell sell sell
  • #25,645
  • Aug 8, 2011 7:30am Aug 8, 2011 7:30am
Looks to be finding support at around the 77.50 level.
A break of this area and I will continue to look for the weekly S1 at around 76.40.
USDX is gaining some bids too now with a hammer candle forming on UJ.
The Big Boys have enjoyed their free lunch so far as expected, now they just need to have dessert!

USD/JPY H4
Attached Image (click to enlarge)
Click to Enlarge Name: uj1.png Size: 169 KB
  • #25,646
  • Aug 8, 2011 7:30am Aug 8, 2011 7:30am
Quoting tankokjian
sell sell sell , downgrade downgrade downgrade, sell sell sell , boj boj boj, buy buy buy , sell sell sell
So finally, buy or sell?
  • #25,647
  • Aug 8, 2011 8:26am Aug 8, 2011 8:26am
Quoting PipMaxzz
So finally, buy or sell?
none , fundamental takes control currently.. why are people still drawing charts lol.
  • #25,648
  • Aug 8, 2011 8:33am Aug 8, 2011 8:33am
Quoting tankokjian
why are people still drawing charts lol.
Because a chart clearly shows points of supply and demand.
You are correct however that fundamentals are driving UJ, which is down!
  • #25,649
  • Aug 8, 2011 9:00am Aug 8, 2011 9:00am
Quoting fosking
Because a chart clearly shows points of supply and demand.
You are correct however that fundamentals are driving UJ, which is down!
Adding more short at 77.75
  • #25,650
  • Aug 8, 2011 9:05am Aug 8, 2011 9:05am
Quoting 2+2=4ex
Adding more short at 77.75
Looking good.
The last H4 hammer candle isn't being very powerful!
  • #25,651
  • Aug 8, 2011 9:14am Aug 8, 2011 9:14am
Warning: Tread carefully on $CHF exposure, Swiss government in emergency meeting to discuss recent strength and how to insulate exports $$

Is there a trader from Japan? What is the current information about BOJ from TV or other sources?

P.S. That we are seeing Previous intervention unnecessarily wasted money... One Central Bank can not go against the market.
Once scalper always scalper
  • #25,652
  • Aug 8, 2011 9:44am Aug 8, 2011 9:44am
Quoting freemen
Warning: Tread carefully on $CHF exposure, Swiss government in emergency meeting to discuss recent strength and how to insulate exports $$

Is there a trader from Japan? What is the current information about BOJ from TV or other sources?

P.S. That we are seeing Previous intervention unnecessarily wasted money... One Central Bank can not go against the market.
Not sure about Japan. But in other parts of Asia, people are nervously looking at the US market. Will DOW come up from 11000 by the end of today's stock market session? that will decide tomorrow's asian market, possibly that will decide if BOJ will intervene. I dont think they want to swim against the tide. Burnt a few times already.
  • #25,653
  • Aug 8, 2011 9:53am Aug 8, 2011 9:53am
how much does BOJ has standby for us ? how much has they used ?
  • #25,654
  • Aug 8, 2011 10:50am Aug 8, 2011 10:50am
Quoting tankokjian
how much does BOJ has standby for us ? how much has they used ?
I don't think anyone here can answer that.
  • #25,655
  • Aug 8, 2011 10:51am Aug 8, 2011 10:51am
A new weekly low just made.
  • #25,656
  • Aug 8, 2011 10:56am Aug 8, 2011 10:56am
I pulled the trigger long....too tempting
  • #25,657
  • Aug 8, 2011 10:57am Aug 8, 2011 10:57am
Quoting 2+2=4ex
A new weekly low just made.
It was easy to analyze the fate of UJ today. Too bad I exited my shorts early
  • #25,658
  • Aug 8, 2011 11:00am Aug 8, 2011 11:00am
better to exit early than to exit too late
  • #25,659
  • Aug 8, 2011 11:01am Aug 8, 2011 11:01am
Quoting werido
better to exit early than to exit too late
If it breaks back up over 77.60 I'll be getting out myself.
  • #25,660
  • Aug 8, 2011 11:08am Aug 8, 2011 11:08am
Look for intervention at around 76.5/6.... Tomorrow will be interesting.
44 traders viewing now