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USD/JPY Discussion

  • #26,981
  • Sep 12, 2011 2:55am Sep 12, 2011 2:55am
Quoting Alorente
The difference may be that you focus on 5M or 1H intraday. My focus is on the 4H where the trend is up as measured by the 60EMA which is rising and is about to cross the 200 EMA which is flattenning after descending for months. The RSI is still above its rising trendline. If that would break, I would change my view but until then, I am long.
Could you please post a chart ?
  • #26,982
  • Sep 12, 2011 2:57am Sep 12, 2011 2:57am
intraday , i am in for the long . look at the other charts and then decide. usd hasnt weaken , perhaps due to the weakness in EU resulted in Yen rising against USD . PA will correct itself , major support near S2 and EU recovering a bit now. i use technical on day to day basic because we do not know what happens tomorrow.

http://i1187.photobucket.com/albums/z400/hyip1/mbb.gif
  • #26,983
  • Sep 12, 2011 2:57am Sep 12, 2011 2:57am
Quoting Alorente
The difference may be that you focus on 5M or 1H intraday. My focus is on the 4H where the trend is up as measured by the 60EMA which is rising and is about to cross the 200 EMA which is flattenning after descending for months. The RSI is still above its rising trendline. If that would break, I would change my view but until then, I am long.
Any chance you could post a chart please? It's much easier to visualise what you're saying when we see a chart
Doing what you like is Freedom. Liking what you do is Happiness.
  • #26,984
  • Sep 12, 2011 3:01am Sep 12, 2011 3:01am
Quoting Alorente
The difference may be that you focus on 5M or 1H intraday. My focus is on the 4H where the trend is up as measured by the 60EMA which is rising and is about to cross the 200 EMA which is flattenning after descending for months. The RSI is still above its rising trendline. If that would break, I would change my view but until then, I am long.
My Daily Show we are breaking down
Secondly,I am see there is a high selling pressure from the cross especially EurJpy,I see EJ targeting below 100.00

Even of that,I am not short But am looking long below 71.00.
Again I am insane

whatever,good luck bro
If there was easy money lying around,no one would be forcing it into your
  • #26,985
  • Sep 12, 2011 3:02am Sep 12, 2011 3:02am
Quoting Alorente
The difference may be that you focus on 5M or 1H intraday. My focus is on the 4H where the trend is up as measured by the 60EMA which is rising and is about to cross the 200 EMA which is flattenning after descending for months. The RSI is still above its rising trendline. If that would break, I would change my view but until then, I am long.
You definitely like the longer trends using 200 EMA! as you can see on my chart i use a nonlag MA at 50, and other EMA at 40, 60. I can see that on H4 chart that OVERALL trend is upwards. I use trendlines as well, and by the looks of it, its still a bear market.
Attached Image (click to enlarge)
Click to Enlarge Name: jpy.gif Size: 33 KB
Have I got something on my face, SOLDIER?
  • #26,986
  • Sep 12, 2011 3:06am Sep 12, 2011 3:06am
76.80 pending buy, if it doesnt hit nothing to lose.
  • #26,987
  • Sep 12, 2011 3:07am Sep 12, 2011 3:07am
Quoting realjumper
Any chance you could post a chart please? It's much easier to visualise what you're saying when we see a chart
Here is the chart you requested. I believe we are constructing the right wall of a saucer formation. Breaking the top of the saucer at 81.60 will bring 100 into play in the next 12 months. If the rising tredline breaks on the H4 and the Daily, I will change my view.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.jpg Size: 115 KB
Observation is the path to discovery.
  • #26,988
  • Sep 12, 2011 3:13am Sep 12, 2011 3:13am
astonishing so many people here know things, they must be very smart.....
Don't be a hero. Don't have an ego. Always question yourself
  • #26,989
  • Sep 12, 2011 3:16am Sep 12, 2011 3:16am
Quoting USD-Bear
astonishing so many people here know things, they must be very smart.....
Itīs not knowing things. Itīs a simple opinion formed by over 30 years of technical analysis experience. I can be wrong like anyone can, but I have to go with what my charts tell me. They have been very good to me in the past.
Observation is the path to discovery.
  • #26,990
  • Sep 12, 2011 3:19am Sep 12, 2011 3:19am
Quoting USD-Bear
astonishing so many people here know things, they must be very smart.....
They and me just expressed the opinion,so just relax bro...I think this should be interesting to see
If there was easy money lying around,no one would be forcing it into your
  • #26,991
  • Sep 12, 2011 3:22am Sep 12, 2011 3:22am
Quoting Alorente
Itīs not knowing things. Itīs a simple opinion formed by over 30 years of technical analysis experience. I can be wrong like anyone can, but I have to go with what my charts tell me. They have been very good to me in the past.
You earn my respect mate just because you stick with your view and because of the good manner when you post,at least you dont insult any members here by call them naive or dumb
If there was easy money lying around,no one would be forcing it into your
  • #26,992
  • Sep 12, 2011 3:24am Sep 12, 2011 3:24am
i am just risking a little to ride the big fish. once price has cleared the trendline bulls will charge up , dont u agree ?? how many times has we seen USD seems to clear the trendline but just a reversal that is over shot .
  • #26,993
  • Sep 12, 2011 3:25am Sep 12, 2011 3:25am
Quoting Alorente
Here is the chart you requested. I believe we are constructing the right wall of a saucer formation. Breaking the top of the saucer at 81.60 will bring 100 into play in the next 12 months. If the rising tredline breaks on the H4 and the Daily, I will change my view.
Ok.....thanks very much for your chart.

I too see this pair over 100, and I have been patiently waiting for the trend to change and provide an entry for me. As yet though, I don't see a trend change......I do see a base trying to form, but not yet set in concrete.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #26,994
  • Sep 12, 2011 3:25am Sep 12, 2011 3:25am
Quoting FXMindset
You earn my respect mate just because you stick with your view and because of the good manner when you post,at least you dont insult any members here by call them naive or dumb
Thank you friend. As you can see by the chart I posted, we are right on the trendline on the RSI H4. This is a crucial moment. I believe we bounce higher and this is a great long bet. If this breaks, all bets are off, but I feel confident right now.
Observation is the path to discovery.
  • #26,995
  • Sep 12, 2011 3:29am Sep 12, 2011 3:29am
Quoting Alorente
Thank you friend. As you can see by the chart I posted, we are right on the trendline on the RSI H4. This is a crucial moment. I believe we bounce higher and this is a great long bet. If this breaks, all bets are off, but I feel confident right now.
U r welcome,so what is your crucial level to confirm if breaking downside.I mean the last support since am think we are gonna going downside now as all of trend support was broken
If there was easy money lying around,no one would be forcing it into your
  • #26,996
  • Sep 12, 2011 3:30am Sep 12, 2011 3:30am
Quoting realjumper
Ok.....thanks very much for your chart.

I too see this pair over 100, and I have been patiently waiting for the trend to change and provide an entry for me. As yet though, I don't see a trend change......I do see a base trying to form, but not yet set in concrete.
Trend changes are always established on the RSI, MACD, THV. etc much before they show in price. If you wait for price to show trend, you will lose most profit potential. The big profits are made by betting before it shows in price, with a stop loss, of course.
Observation is the path to discovery.
  • #26,997
  • Sep 12, 2011 3:32am Sep 12, 2011 3:32am
Quoting FXMindset
You earn my respect mate just because you stick with your view and because of the good manner when you post,at least you dont insult any members here by call them naive or dumb
Fully agree. People behaving badly will be banned. That is, if the jury finds you're guilty ;-)
  • #26,998
  • Sep 12, 2011 3:36am Sep 12, 2011 3:36am
Quoting Alorente
Trend changes are always established on the RSI, MACD, THV. etc much before they show in price. If you wait for price to show trend, you will lose most profit potential. The big profits are made by betting before it shows in price, with a stop loss, of course.
If you are really concerned with getting in at the trend change you should use levels, rather than indicators.

Divergences etc. show that a direction change might be coming, but entering on a support gets you in first, before indicators, which are based on price and the reaction of that price to various levels.
"Don't Panic..."
  • #26,999
  • Sep 12, 2011 3:37am Sep 12, 2011 3:37am
lets hope this thread doesnt become a EUR/USD thread. Hot-damn, there's a really damn good pro 'cloggie' im sure you all heard him, and shudder at him, and he really insults beginners and novices alike. He calls it entertainment. Lets hope the stars here are much better than that.
Have I got something on my face, SOLDIER?
  • #27,000
  • Sep 12, 2011 3:37am Sep 12, 2011 3:37am
Quoting FXMindset
U r welcome,so what is your crucial level to confirm if breaking downside.I mean the last support since am think we are gonna going downside now as all of trend support was broken
I donīt make my trading decision based on price levels. I listen to what my indicators tell me. Sometimes when in doubt I actually turn off the price bars. The picture is much clearer when you look at your favorite indicators alone. As a matter of fact, I traded for several years without price bars and did very well. They remove a lot of the stress inherent in the price action and volatility. So, in a way, what I am saying is that I donīt use normal stop losses based on price. I set alarms on my indicators. They never lie to me.
Observation is the path to discovery.
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