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USD/JPY Discussion

  • #26,221
  • Aug 22, 2011 12:02am Aug 22, 2011 12:02am
Quoting eqshack
thats just not great..I fell asleep behind computer just 10-15min before that spike up


Well tomorrow we might have new chance lol
77.20 is the next big thing.
  • #26,222
  • Aug 22, 2011 12:18am Aug 22, 2011 12:18am
Quoting tankokjian
77.20 is the next big thing.
I have an area right around there marked off myself.
  • #26,223
  • Aug 22, 2011 1:09am Aug 22, 2011 1:09am
Quoting Mr Breakout
Well it did not happen, I guess we can all go back to sleep now
imo that's what they hope market will be thinking, trying a long @ 76.76 with tight stop.
Don't be a hero. Don't have an ego. Always question yourself
  • #26,224
  • Aug 22, 2011 1:24am Aug 22, 2011 1:24am
Quoting USD-Bear
imo that's what they hope market will be thinking, trying a long @ 76.76 with tight stop.
Just curious where is your stop at?

I have my weekly Pivot at 76.50.

It is best that you should follow your own plan and ignore others, especially me, but I would give that number a chance or the general area before exit. But I have no idea how big you are in for so it is rather presumptuous of me to tell you how much to risk. Not my intentions.

That is easy for me to say because it is not my money on the line it is yours. I don't know , just my 2 cents.

Hope it works out because we are both in this one together but admittedly my current position is rather small.

Screw intervention. We need to see this sucker break 77.20 with conviction all on its own to begin it's march up back near 80.

76.86. We need to get through that little hurdle first.
  • #26,225
  • Aug 22, 2011 1:46am Aug 22, 2011 1:46am
Quoting QweeQwa
Just curious where is your stop at?

I have my weekly Pivot at 76.50.

It is best that you should follow your own plan and ignore others, especially me, but I would give that number a chance or the general area before exit. But I have no idea how big you are in for so it is rather presumptuous of me to tell you how much to risk. Not my intentions.

That is easy for me to say because it is not my money on the line it is yours. I don't know , just my 2 cents.

Hope it works out because we are both in this one together but admittedly my current...
yes, support @ 76.70
WPP @ 76.50
Stop @ 76.40
Don't be a hero. Don't have an ego. Always question yourself
  • #26,226
  • Aug 22, 2011 1:49am Aug 22, 2011 1:49am
Quoting USD-Bear
yes, support @ 76.70
WPP @ 76.50
Stop @ 76.40
Sounds good. We are both long and seem to be thinking along the same lines.

Wait and see I guess. Hope it works out for you, and me.
  • #26,227
  • Edited 2:51am Aug 22, 2011 2:11am | Edited 2:51am
Too Easy To Fall Too Free To Fly
4H Chart
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 4H.png Size: 28 KB
If there was easy money lying around,no one would be forcing it into your
  • #26,228
  • Aug 22, 2011 3:04am Aug 22, 2011 3:04am
Quoting FXMindset
Too Easy To Fall Too Free To Fly
4H Chart


This is weakening bear trend as investors join the buying (red lines), still taking shape, not fully formed. Still open to both sides.
H1
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.png Size: 59 KB
  • #26,229
  • Aug 22, 2011 3:26am Aug 22, 2011 3:26am
Noticed the Strong Resistance below 4H Chart
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 4H.png Size: 26 KB
If there was easy money lying around,no one would be forcing it into your
  • #26,230
  • Aug 22, 2011 3:38am Aug 22, 2011 3:38am
Made note of it over the weekend along with tankokjian.

77.20 must be breached on it's own, no intervention, for this pair to make any kind of meaningful move upward. This is a key number.

Forget about intervention. It must breakthrough this level without it.
  • #26,231
  • Aug 22, 2011 8:15am Aug 22, 2011 8:15am
Not much on u/j to be excited about. Better opportunities elsewhere .
  • #26,232
  • Aug 22, 2011 5:03pm Aug 22, 2011 5:03pm
it looks like selling!
I recommend you read something else as this sentence is now concluded.
  • #26,233
  • Aug 22, 2011 6:23pm Aug 22, 2011 6:23pm
Who is selling who is buying can't tell, just wait for the 77.22 to break to see more upside or 75.96 to break to see more downside....either way the directions taken could lead to more active play, till then just relax.
Quoting Obaidah
it looks like selling!
  • #26,234
  • Aug 22, 2011 6:54pm Aug 22, 2011 6:54pm
Quoting amu123
Who is selling who is buying can't tell, just wait for the 77.22 to break to see more upside or 75.96 to break to see more downside....either way the directions taken could lead to more active play, till then just relax.
that was a scalping signal found in volume, I use volume for my analysis, when I posted that post JPY was showing signs of strength, the strength is almost over now and I'm going to close my short position in a few.
I recommend you read something else as this sentence is now concluded.
  • #26,235
  • Aug 22, 2011 9:53pm Aug 22, 2011 9:53pm
Too Almost Too SenSitive Too Touch Too Break....
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
  • #26,236
  • Aug 22, 2011 11:53pm Aug 22, 2011 11:53pm
Its hovering @ 76.68 to 76.83....not much action....
any sudden movement should target the downside
historical lows....75.60 seems like a possible target.
  • #26,237
  • Edited 1:45am Aug 23, 2011 12:28am | Edited 1:45am
Quoting Demon Bane
Its hovering @ 76.68 to 76.83....not much action....
any sudden movement should target the downside
historical lows....75.60 seems like a possible target.
If Everything Coming good then we probably going up when US open latest tomorrow when Tokyo Open

If Everything Coming Bad then we Probably Going Down When US Open

For Me,This is failed bearish when we break strong support @76.30 Friday ago because its only going down to 75.94 (Only 36 Pips)

Possible when we break 77.00 then we start flying

Note : Again,above Its my own speculation
If there was easy money lying around,no one would be forcing it into your
  • #26,238
  • Aug 23, 2011 12:31am Aug 23, 2011 12:31am
Quoting USD-Bear
imo that's what they hope market will be thinking, trying a long @ 76.76 with tight stop.
closed @ BE, looks like a re-visit of USDX lows is likely staying on sideline for a while
Don't be a hero. Don't have an ego. Always question yourself
  • #26,239
  • Aug 23, 2011 12:54am Aug 23, 2011 12:54am
Chances of an intervention this week are almost non existent due to:

- jackson hole symposium
- what would be the use of intervening when us decides to go for another round of moneyprinting ?
- Kan stepping down ?
- Noda, seems more talk than action, thus weakening the jpy
- lack of g7 support

All in all japanese lack the guts to step in and do something bold.
  • #26,240
  • Aug 23, 2011 1:16am Aug 23, 2011 1:16am
Looking from the Europe play something sure is brewing, dump first then pump all the way to 77.25 stop there same style seen last few days... Seems they are happy with the pump & dump & pump to 77 range.

Quoting FXMindset
If Everything Coming good then we probably going up when US open latest tomorrow when Tokyo Open

If Everything Coming Bad then we Probably Going Down When US Open

For Me,This is failure bearish when we break 76.30 2 days ago because its only going down to 75.94 (Only 36 Pips)

Possible when we break 77.00 then we start flying

Note : My Speculation above Its only a Speculation based on chart
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