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USD/JPY Discussion

  • #26,321
  • Aug 25, 2011 3:09am Aug 25, 2011 3:09am
Quoting fosking
Remember if the USDX is falling, you want to be buying EUR/USD.
lol, fell for it, but assume that is what he means
Don't be a hero. Don't have an ego. Always question yourself
  • #26,322
  • Aug 25, 2011 3:22am Aug 25, 2011 3:22am
Hello all,

Below attached 4h and daily outlook,hopefully would be usefull
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UJ Daily.png Size: 31 KB
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
  • #26,323
  • Aug 25, 2011 4:14am Aug 25, 2011 4:14am
USDX is holding up at support.

USDX H1
Attached Image (click to enlarge)
Click to Enlarge Name: usdx2.png Size: 143 KB
  • #26,324
  • Aug 25, 2011 6:01am Aug 25, 2011 6:01am
UJ trying to break 77.20
somehow I don't trust USDX's up-move yet so I keep out of longs
Don't be a hero. Don't have an ego. Always question yourself
  • #26,325
  • Aug 25, 2011 6:37am Aug 25, 2011 6:37am
Yen futures are carving out a channel on M1.

Yen Futures M1
Attached Image (click to enlarge)
Click to Enlarge Name: yen2.png Size: 310 KB
  • #26,326
  • Aug 25, 2011 6:49am Aug 25, 2011 6:49am
Quoting fosking
Yen futures are carving out a channel on M1.

Yen Futures M1
Attachment
Here is the USDX over the same period.
Looks to be breaking south.

USDX M1
Attached Image (click to enlarge)
Click to Enlarge Name: usdx3.png Size: 127 KB
  • #26,327
  • Aug 25, 2011 6:50am Aug 25, 2011 6:50am
Hello fosking, Bear and all......I haven't been posting for a while......not sure why really.....just trading on my own with my own thoughts etc etc etc

Anyway......nice to see you all and let's hope Bernanke doesn't say anything (too) silly tomorrow!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #26,328
  • Aug 25, 2011 6:53am Aug 25, 2011 6:53am
Quoting realjumper
Hello fosking, Bear and all......I haven't been posting for a while......not sure why really.....just trading on my own with my own thoughts etc etc etc

Anyway......nice to see you all and let's hope Bernanke doesn't say anything (too) silly tomorrow!!
Hey realjumper, how are you?
How's the trading going?
  • #26,329
  • Aug 25, 2011 6:57am Aug 25, 2011 6:57am
Quoting realjumper
Hello fosking, Bear and all......I haven't been posting for a while......not sure why really.....just trading on my own with my own thoughts etc etc etc

Anyway......nice to see you all and let's hope Bernanke doesn't say anything (too) silly tomorrow!!

Hi realjumper,
good to see you back, missed your contributions....
Don't be a hero. Don't have an ego. Always question yourself
  • #26,330
  • Aug 25, 2011 6:58am Aug 25, 2011 6:58am
Quoting fosking
Hey realjumper, how are you?
How's the trading going?
Hey there fosking.......I'm fine thanks.....and I trust and hope that you are too?

Trading is going well thanks......a little bit more tricky since S&P did their thing, but generally speaking, trading is going pretty good.

Not too sure why i stopped posting for a while there...I do get sick of the noise in many of the threads and sometimes it's just easier to get on with it without the distraction. Still, I shall try and get back to posting more often.

Hows trading going for you?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #26,331
  • Aug 25, 2011 7:05am Aug 25, 2011 7:05am
Quoting USD-Bear
Hi realjumper,
good to see you back, missed your contributions....
Hiya Bear,

Great to see you too.......I'll see about posting some stuff next week and see how we go......I notice that Noda has given up on his 'watching closely' rhetoric and interventions.....lol.....that last effort must have been a real kick in the guts for him!!!

Hopefully now he has realised that you can't fight the market and win!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #26,332
  • Aug 25, 2011 7:05am Aug 25, 2011 7:05am
It's going good thanks. Just keep doing the same things every day lol.
I didn't post in here for a few months either, but with these interventions the money has been easy selling.
Not had a trade on UJ for a while though, there doesn't seem to be enough pips and too much sideays action.
I'm doing a Noda!
  • #26,333
  • Aug 25, 2011 7:10am Aug 25, 2011 7:10am
Quoting fosking
It's going good thanks. Just keep doing the same things every day lol.
I didn't post in here for a few months either, but with these interventions the money has been easy selling.
Not had a trade on UJ for a while though, there doesn't seem to be enough pips and too much sideays action.
I'm doing a Noda!
Glad that you're doing well. I was just saying to Bear that it looks like Noda has pulled his head in a bit and stopped with his expensive interventions. Apart from selling those, EU and EJ have been the main earners for me, with a dabble in GU from time to time. Not much future in UJ at the moment......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #26,334
  • Aug 25, 2011 7:18am Aug 25, 2011 7:18am
Quoting realjumper
Glad that you're doing well. I was just saying to Bear that it looks like Noda has pulled his head in a bit and stopped with his expensive interventions. Apart from selling those, EU and EJ have been the main earners for me, with a dabble in GU from time to time. Not much future in UJ at the moment......
I'm trying to hold off getting too heavy in anything as I would like to hit gold hard after the pull back. The lower gold gets the happier I will be lol.
  • #26,335
  • Aug 25, 2011 7:24am Aug 25, 2011 7:24am
Quoting fosking
I'm trying to hold off getting too heavy in anything as I would like to hit gold hard after the pull back. The lower gold gets the happier I will be lol.
Yes, the correction in gold has been quite spectacular, but not unexpected. I don't trade gold, but I can see a great opportunity for gold traders coming soon because fundamentally nothing has changed, so I would imagine that the rally will resume.

I very keen to see where we stand next week after all the heavyweight yappin has finished at that Jackson Hole Symposium......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #26,336
  • Aug 25, 2011 9:42am Aug 25, 2011 9:42am
The Yen looks to be coming down to test support again.

Yen Futures M1
Attached Image (click to enlarge)
Click to Enlarge Name: yen3.png Size: 308 KB
  • #26,337
  • Aug 25, 2011 9:58am Aug 25, 2011 9:58am
Quoting fosking
The Yen looks to be coming down to test support again.

Yen Futures M1
Attachment
hey fosking .what platform do you use to watch the futures ? thank you
A chart helps those who can read it.
  • #26,338
  • Aug 25, 2011 10:09am Aug 25, 2011 10:09am
Quoting geniusztc
hey fosking .what platform do you use to watch the futures ? thank you
Hey geniusztc, how are you?
I use thinkorswim.

Smashed through the bottom of the channel and are now at the S2.

Yen Futures M1
Attached Image (click to enlarge)
Click to Enlarge Name: yen4.png Size: 306 KB
  • #26,339
  • Aug 25, 2011 10:24am Aug 25, 2011 10:24am
Quoting fosking
Hey geniusztc, how are you?
I use thinkorswim.

Smashed through the bottom of the channel and are now at the S2.

Yen Futures M1
Attachment
thank you fosking ,i am fine .on h4 chart ,price met 150ema reisitance .will it break ?where will be the support for up-trend now ?i am confused .
Attached Image (click to enlarge)
Click to Enlarge Name: 9~EW6H(S~ZD6S@IJP$8646H.jpg Size: 202 KB
A chart helps those who can read it.
  • #26,340
  • Aug 25, 2011 10:34am Aug 25, 2011 10:34am
Quoting FXMindset
If you find yourself in a losing position,remember that it is better to save your energy,cut your losses and move on to the next opportunity.The financial markets are full of profitable opportunities,just waiting to be exploited,so don’t waste your time on an unprofitable trade
I take it that I should close my short position @76.60 yeah? Not going to blame you or anything if anything goes wrong, my technical analysis also tells me the same, it's just that a trader friend said that I should wait to close my buy position when it reaches 80.00 and hope that somehow next week US will do a QE3 and ppl will sought for save haven currency so it'll go down again to abt 77-ish.
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