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USD/JPY Discussion

  • #26,341
  • Aug 25, 2011 10:36am Aug 25, 2011 10:36am
Quoting geniusztc
thank you fosking ,i am fine .on h4 chart ,price met 150ema Resistance .will it break ?where will be the support for up-trend now ?i am confused .
I'm continuing to look for selling opportunities.
The first resistance which needs to be broken before ANY kind of reversal is 80.00. After that it's 85.00.
85.00 will be the key resistance level. Anything under that and we are still in a strong down trend from June 2007.

USD/JPY Weekly
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  • #26,342
  • Aug 25, 2011 10:51am Aug 25, 2011 10:51am
Quoting fosking
I'm continuing to look for selling opportunities.
The first resistance which needs to be broken before ANY kind of reversal is 80.00. After that it's 85.00.
85.00 will be the key resistance level. Anything under that and we are still in a strong down trend from June 2007.

USD/JPY Weekly
Attachment
i think we are in different periods .i will protect my little profit and good luck .
A chart helps those who can read it.
  • #26,343
  • Aug 25, 2011 11:02am Aug 25, 2011 11:02am
Quoting geniusztc
i think we are in different periods .i will protect my little profit and good luck .
If you're playing intraday, watch out for the daily R2.
There's also the 0.382 Fib above that at around 77.57.

USD/JPY H1
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  • #26,344
  • Aug 25, 2011 11:16am Aug 25, 2011 11:16am
Quoting fosking
If you're playing intraday, watch out for the daily R2.
There's also the 0.382 Fib above that at around 77.57.

USD/JPY H1
Attachment
got it ,thank you ,fosking .good night (@GMT+8)

5 mins chart .
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A chart helps those who can read it.
  • #26,345
  • Aug 25, 2011 11:29am Aug 25, 2011 11:29am
There was a lot of volume as the Yen bounced off the Daily S2.

Yen Futures M1
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  • #26,346
  • Aug 25, 2011 12:49pm Aug 25, 2011 12:49pm
The Yen is on a mission!
Support at the 50% Fib at 12.82.

Yen Futures H1
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  • #26,347
  • Aug 25, 2011 1:01pm Aug 25, 2011 1:01pm
Quoting fosking
The Yen is on a mission!
Support at the 50% Fib at 12.82.

Yen Futures H1
Attachment
lol, indeed it is and without the USD
Don't be a hero. Don't have an ego. Always question yourself
  • #26,348
  • Aug 25, 2011 1:02pm Aug 25, 2011 1:02pm
UJ 4h 200ema to see if it turns...
  • #26,349
  • Edited 2:21pm Aug 25, 2011 1:55pm | Edited 2:21pm
Quoting TahanBanting
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.
I think you really havent studied how to analyse the chart before going live trade is it ? Regarding your position If am were you I am will cut all my position rather than wait.after then calm myself and study again where's the mistakes and learn from that

Please try demo first until
- You can have winning rates around 70% or above..

Or
- You successfully trade from $100 become $500.But there's a rules you need to obey : You are only can risk 1%-2% per trade

Cut your Loss Short and Let your Profits fly and fly untill the pairs tired to flying (I Mean the trend its over)

Try Focus On 1 Pairs first,Dont need to care other pairs have a big chance of buy or selling opportunity.You Just need focus and stick it.You also can make a big money with 1 pairs only

Of course the more pairs you trade the chance of more profits also will coming but please remember thats also increase more of your potential loss

You always can become a great trader or even surpass all the great traders in the world as long you dont forget yourself when you made money here

PS : You Dont need follow my advise,I post based on my own experience
If there was easy money lying around,no one would be forcing it into your
  • #26,350
  • Aug 25, 2011 6:11pm Aug 25, 2011 6:11pm
Trying a long @ 77.43

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Don't be a hero. Don't have an ego. Always question yourself
  • #26,351
  • Aug 25, 2011 6:16pm Aug 25, 2011 6:16pm
Quoting USD-Bear
Trying a long @ 77.43

Attachment
R2 is at 77.42 Bear........might want to wait another 45 minutes 'til Tokyo opens?.....pivots will of course be redrawn then too.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #26,352
  • Aug 25, 2011 6:17pm Aug 25, 2011 6:17pm
Quoting USD-Bear
Trying a long @ 77.43

Attachment
Looks like the curve is going back upwards and Ben is not expected to announce QE3 according to many economists. We might get to 78 by Asian open if we pass resistance of .63
  • #26,353
  • Aug 25, 2011 6:22pm Aug 25, 2011 6:22pm
Quoting realjumper
R2 is at 77.42 Bear........might want to wait another 45 minutes 'til Tokyo opens?.....pivots will of course be redrawn then too.....
thanks realjumper, only use the weekly ones, already in, got a hunge , monitoring it tightly, haha sounds like Noda....
Don't be a hero. Don't have an ego. Always question yourself
  • #26,354
  • Aug 25, 2011 6:35pm Aug 25, 2011 6:35pm
Quoting USD-Bear
thanks realjumper, only use the weekly ones, already in, got a hunge , monitoring it tightly, haha sounds like Noda....
bad hunge, stopped
Don't be a hero. Don't have an ego. Always question yourself
  • #26,355
  • Aug 25, 2011 6:45pm Aug 25, 2011 6:45pm
Quoting USD-Bear
bad hunge, stopped
Bugger!!

As a rule I never enter until after Tokyo opens........
Doing what you like is Freedom. Liking what you do is Happiness.
  • #26,356
  • Aug 25, 2011 6:56pm Aug 25, 2011 6:56pm
Quoting realjumper
Bugger!!

As a rule I never enter until after Tokyo opens........
good tip its almost 02:00am local time over here though so prob. should restrict myself to UK/US markets and get better sleeps and maybe less Yen trades
Don't be a hero. Don't have an ego. Always question yourself
  • #26,357
  • Aug 25, 2011 7:02pm Aug 25, 2011 7:02pm
Quoting USD-Bear
good tip its almost 02:00am local time over here though so prob. should restrict myself to UK/US markets and get better sleeps and maybe less Yen trades
Tokyo open is mid day for me at the moment, but regardless.....I won't enter anything 4 hours before Tokyo......that's kind of after any earth shattering USA market movements have finished, so I think that during the 4 hours (or so) before Tokyo open, it's more than likely going to be a consolidation period.

Same for after Tokyo open.....if nothing has happened after 3 hours of Tokyo, chances are that nothing will happen until Frankie comes on line....or maybe London......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #26,358
  • Aug 26, 2011 1:14am Aug 26, 2011 1:14am
Japan PM to resign,successor race wide open
If there was easy money lying around,no one would be forcing it into your
  • #26,359
  • Aug 26, 2011 1:45am Aug 26, 2011 1:45am
A drop below 76.00 is to be expected if and when Uncle Ben decides to go for a QE3. Given the state the US economy is in, chances of such action are more than average.

As the BOJ is active only verbally this drop below 76.00 could be a prelude to a further drop to 73.00-74.00

The fact that previous resistance, 77.20, is given back with ease this morning (no looking back), says it all: Jpy is about to resume it's path north.

Remember: the dollar, their currency, your problem.
  • #26,360
  • Aug 26, 2011 1:59am Aug 26, 2011 1:59am
The Yen is looking to test resistance.

Yen Futures H1
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