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USD/JPY Discussion

  • #26,201
  • Aug 21, 2011 6:08pm Aug 21, 2011 6:08pm
My Personal Buy Stop
Attached Image (click to enlarge)
Click to Enlarge Name: UJ Daily.png Size: 28 KB
If there was easy money lying around,no one would be forcing it into your
  • #26,202
  • Aug 21, 2011 6:10pm Aug 21, 2011 6:10pm
i went long 76.72 ..stop-loss 68
we might go pretty high tonight
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #26,203
  • Aug 21, 2011 6:22pm Aug 21, 2011 6:22pm
Quoting eqshack
i went long 76.72 ..stop-loss 68
we might go pretty high tonight
You've heard something Eqshack? ...
  • #26,204
  • Aug 21, 2011 6:25pm Aug 21, 2011 6:25pm
Quoting eqshack
i went long 76.72 ..stop-loss 68
we might go pretty high tonight
What confirmation for going long? I would like to add to my long from 76.45 but there isn't a confirmation, depending on how Tokyo opens, I may close, but I am tempted to wait it out until next spike to close it out and reverse to short.

No fundy reasons to long at this point.
  • #26,205
  • Aug 21, 2011 6:27pm Aug 21, 2011 6:27pm
Quoting eqshack
i went long 76.72 ..stop-loss 68
we might go pretty high tonight
Well it is true the highs and lows are normally made on Monday the first day of the week and sets the trading range or trend for the week, another 35mins and Japan will open, probably a small spike up and then down unless intervention.

Of course I'm saying this because I want my short to work out
Never been vouched
  • #26,206
  • Aug 21, 2011 6:28pm Aug 21, 2011 6:28pm
Quoting Mr Breakout
You've heard something Eqshack? ...
nop..but i see people are afraid to go short because now Japan is talkin seriously + japan might even intervene tonight cuz we are pretty high after 75.90 and it is good time to boost it.

Thats only my opinion
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #26,207
  • Aug 21, 2011 7:07pm Aug 21, 2011 7:07pm
Hello Guys,

Use Fibonanci Retracement and aim From the highest since intervention @ 80.24 and pull to 75.94 (New Lows Friday) and you will have the answer now


Trade Well
If there was easy money lying around,no one would be forcing it into your
  • #26,208
  • Aug 21, 2011 7:45pm Aug 21, 2011 7:45pm
I can see what you are looking at with the fib retracements, my pivots and S/R are from an indicator named fibo grad, my 23% sits between my R1 and R2 on a 4hr chart this is from the extreme high and extreme low during the previous intervention.

However,if I draw my retracement levels at the medium high and low, basically not the long wicks of the candles, but at the average highs of the neighboring candles I get a retracement level of 23% just above my R2 line, what does this all mean? I'm not really sure, but it does show wicked consolidation....

Although I'm giving it another hour or so and if nothing comes of it either way I'm punching out...

Notice how my indicators all are showing up, but I took a short, anybody notice that, I just did....lol
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Never been vouched
  • #26,209
  • Aug 21, 2011 8:06pm Aug 21, 2011 8:06pm
Well I just punched out at 76.55 as the price actions was bouncing up and down off of my 24ema and 60 sma, so take the profit and look for another entry

I actually got out at 76.60...slow internet and slippage, BASTARDS!!!!!!!!!!!!!!!!!!
Attached Image (click to enlarge)
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Never been vouched
  • #26,210
  • Aug 21, 2011 8:36pm Aug 21, 2011 8:36pm
i think it will go down in another 30 mins or so. lets see.
  • #26,211
  • Aug 21, 2011 8:55pm Aug 21, 2011 8:55pm
Quoting rks_online
i think it will go down in another 30 mins or so. lets see.
based on what?
  • #26,212
  • Aug 21, 2011 8:57pm Aug 21, 2011 8:57pm
Quoting rks_online
i think it will go down in another 30 mins or so. lets see.
you should tell us your reason and ideas AT LEAST.
A chart helps those who can read it.
  • #26,213
  • Aug 21, 2011 9:02pm Aug 21, 2011 9:02pm
Have to test 75.60/70 area....before going up...
  • #26,214
  • Aug 21, 2011 9:07pm Aug 21, 2011 9:07pm
Quoting Day-Sleeper
What confirmation for going long? I would like to add to my long from 76.45 but there isn't a confirmation, depending on how Tokyo opens, I may close, but I am tempted to wait it out until next spike to close it out and reverse to short.

No fundy reasons to long at this point.
and so it starts ... (see the bold)
  • #26,215
  • Aug 21, 2011 9:11pm Aug 21, 2011 9:11pm
what happened ?it do not like intervene
A chart helps those who can read it.
  • #26,216
  • Aug 21, 2011 9:15pm Aug 21, 2011 9:15pm
stop hunting
  • #26,217
  • Aug 21, 2011 9:22pm Aug 21, 2011 9:22pm
Quoting Poidog
stop hunting
lol, no it wasn't stop hunting, it was short covering
  • #26,218
  • Aug 21, 2011 9:36pm Aug 21, 2011 9:36pm
Quoting geniusztc
what happened ?it do not like intervene
i think some minor short covering. Although AUD/JPY and CAD/JPY just have very good upward thrusts which I am grateful for.
  • #26,219
  • Aug 21, 2011 11:17pm Aug 21, 2011 11:17pm
Quoting eqshack
japan might even intervene tonight
Well it did not happen, I guess we can all go back to sleep now
  • #26,220
  • Aug 22, 2011 12:47am Aug 22, 2011 12:47am
Quoting Mr Breakout
Well it did not happen, I guess we can all go back to sleep now
thats just not great..I fell asleep behind computer just 10-15min before that spike up


Well tomorrow we might have new chance lol
Early to bed, early to rise, keeps you healthy, wealthy and wise.
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