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USD/JPY Discussion

  • #27,401
  • Sep 20, 2011 10:29am Sep 20, 2011 10:29am
Quoting geniusztc
japanese economy isnt worse. there will be no intervene above 75.90. any way , longing UJ do not have much risk.
long it again .
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A chart helps those who can read it.
  • #27,402
  • Sep 20, 2011 11:40am Sep 20, 2011 11:40am
Today Is Our 30 Day UJ Anniversary for range 76-77

Happy 30 Days !
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If there was easy money lying around,no one would be forcing it into your
  • #27,403
  • Sep 20, 2011 11:50am Sep 20, 2011 11:50am
Quoting FXMindset
Today Is Our 30 Day UJ Anniversary for range 76-77

Happy 30 Days !


lol yeaahhhh..Drink up!
im going long 76.49 and SL 76.23
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #27,404
  • Sep 20, 2011 1:01pm Sep 20, 2011 1:01pm
Usd/Jpy ain't looking too spiffy, heading towards lowest all time close !

Btw, where's Alorante, would like if some of his indicators still indicate a move up. ?
  • #27,405
  • Sep 20, 2011 1:11pm Sep 20, 2011 1:11pm
Quoting SIgurs
Usd/Jpy ain't looking too spiffy, heading towards lowest all time close !

Btw, where's Alorante, would like if some of his indicators still indicate a move up. ?
I´m here !! Nice to know you missed me a bit. I´ve been busy with a work project. Here is the current chart. The RSI trendline is still holding nicely. and the Trix has flashed another divergence green arrow which added to the clear divergence on the RSI (Divergence, for those that may not know, is when price makes a low but the indicator does not) I would have to say I still feel bullish. I´m still holding but that could change if my indicators decide to break down.
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Observation is the path to discovery.
  • #27,406
  • Sep 20, 2011 1:25pm Sep 20, 2011 1:25pm
Quoting Alorente
I´m here !! Nice to know you missed me a bit. I´ve been busy with a work project. Here is the current chart. The RSI trendline is still holding nicely. and the Trix has flashed another divergence green arrow which added to the clear divergence on the RSI (Divergence, for those that may not know, is when price makes a low but the indicator does not) I would have to say I still feel bullish. I´m still holding but that could change if my indicators decide to break down.
Missing you is a bit exaggerated. Do appreciate the chart !
  • #27,407
  • Sep 20, 2011 1:27pm Sep 20, 2011 1:27pm
Quoting SIgurs
Missing you is a bit exaggerated. Do appreciate the chart !
Just kidding
Observation is the path to discovery.
  • #27,408
  • Sep 20, 2011 2:25pm Sep 20, 2011 2:25pm
Hello fellow traders,

Not sure if I have posted in here before.....but wanted to share my thoughts. Been trading and follow yen for a while now. I caught that intervention move on Aug 4th, not without taking quite a few stop losses in the process, but the gains far out weighed the drawn downs. I only trade futures so my numbers are different then those who trade the actual currency price.......but if I invert my prices I am long at 76.40 as that was the historical price that initiated the August 4th price movement. I just entered this position with 2 contracts and will hold this through the roll and into the Asian session. I see some nice rejection candle sticks on the 5, 15, 30 and now 60 min charts. So when you have all of those time frames lining up it would appear to be a trade that would not involve a lot of risk. I have noticed the USDX climbing and not having any affect on the yen.....sometimes the yen is delayed in responding to these moves so for that reason I am looking for a big move tonight in the yen. The markets have sold off nicely today (took a short on the Nasdaq at 2320) but jumped out too soon with some profit but that was the perfect place to short at 2:30PM today.

So in a nut shell.....short on the yen futures.....which actually means I am long on the currency price at 76.40......looking for a major move.

Cheers to all.....and if you want I can post a chart......

Faller.
I don't trust any move - when you have profit...take it.
  • #27,409
  • Sep 20, 2011 2:33pm Sep 20, 2011 2:33pm
Now Personally I am wish to see @70.00 Before Going UP,Again..Call Me Insane
If there was easy money lying around,no one would be forcing it into your
  • #27,410
  • Sep 20, 2011 2:36pm Sep 20, 2011 2:36pm
Quoting FXMindset
Now Personally I am wish to see @70.00 Before Going UP,Again..Call Me Insane

So are you positioned short now? That could be a nice 600 pip move....
I don't trust any move - when you have profit...take it.
  • #27,411
  • Sep 20, 2011 2:38pm Sep 20, 2011 2:38pm
Quoting Faller
Hello fellow traders,

Not sure if I have posted in here before.....but wanted to share my thoughts. Been trading and follow yen for a while now. I caught that intervention move on Aug 4th, not without taking quite a few stop losses in the process, but the gains far out weighed the drawn downs. I only trade futures so my numbers are different then those who trade the actual currency price.......but if I invert my prices I am long at 76.40 as that was the historical price that initiated the August 4th price movement. I just entered this position...
Faller, would indeed appreciate a chart. Good luck !
  • #27,412
  • Sep 20, 2011 2:40pm Sep 20, 2011 2:40pm
Quoting Faller
So are you positioned short now? That could be a nice 600 pip move....
No Short
Long @ 76.38 and SL @ 75.85
Another Long @ 70.xx ( Wish 600 Pips Falling Knife )

Aiss...Again,I am Insane
If there was easy money lying around,no one would be forcing it into your
  • #27,413
  • Sep 20, 2011 2:48pm Sep 20, 2011 2:48pm
Quoting SIgurs
Faller, would indeed appreciate a chart. Good luck !

Here is the daily chart......
Attached Image (click to enlarge)
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I don't trust any move - when you have profit...take it.
  • #27,414
  • Sep 20, 2011 2:51pm Sep 20, 2011 2:51pm
Quoting Faller
Here is the daily chart......
Btw,If we succesfully detect the chart pattern and based on the monthly chart am posted if "valid" Probably The Lowest we can see around 74.xx only for this month ( If breaking the strong support )
If there was easy money lying around,no one would be forcing it into your
  • #27,415
  • Sep 20, 2011 2:56pm Sep 20, 2011 2:56pm
Quoting FXMindset
Btw,If we succesfully detect the chart pattern and based on the monthly chart am posted if "valid" Probably The Lowest we can see around 74.xx only for this month ( If breaking the strong support )

At these levels we still need a tight stop loss because if it starts to run it will run big time because where is the support? Other then intervention.......Look at swissy when it was at all time lows of 81......it dropped to 70 before things turned around......so be careful......I know I am.....this is not a fools game. Keep it tight.
I don't trust any move - when you have profit...take it.
  • #27,416
  • Sep 20, 2011 3:17pm Sep 20, 2011 3:17pm
More food for thought......the yen is weighted at 13.60% against the USD. During his consolidation period from August 10, 2011 till today the yen has moved in a tight range of 100 pips ish........while the USDX (dollar index) has moved from its lows of 73.91 all the way up to 78.30. So you do the math....if the yen is weighted 13.60% against the moves of the US dollar and the yen has not moved at all during this very big move up on the US dollar......you have to ask yourself........is the spring just coiling tighter and tighter......why has the yen not moved up....unless my math is wrong....then yen should be trading around the 80.50 level based on the dollar move......hmmmmmm please correct me if I am wrong.
Attached Image (click to enlarge)
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I don't trust any move - when you have profit...take it.
  • #27,417
  • Sep 20, 2011 3:51pm Sep 20, 2011 3:51pm
Quoting Faller
More food for thought......the yen is weighted at 13.60% against the USD. During his consolidation period from August 10, 2011 till today the yen has moved in a tight range of 100 pips ish........while the USDX (dollar index) has moved from its lows of 73.91 all the way up to 78.30. So you do the math....if the yen is weighted 13.60% against the moves of the US dollar and the yen has not moved at all during this very big move up on the US dollar......you have to ask yourself........is the spring just coiling tighter and tighter......why...
I think you are right on. As a matter of fact, 4 days ago I posted here something along those lines:

"For the past 6 weeks USD/JPY has been locked in a highly unusual tight range of 1 Yen from top to bottom. Looking back to the past I found a few ranges that oscillate between 1.7 to 3.5 Yen top to bottom. This one is out of the ordinary. A tight range like this acts like a coil. When it breaks it should be pretty violent. The longer the PA stays within the range. The tighter the coil gets."
Observation is the path to discovery.
  • #27,418
  • Sep 20, 2011 3:52pm Sep 20, 2011 3:52pm
Nice little move into the daily rolll.......will see how this plays out.
I don't trust any move - when you have profit...take it.
  • #27,419
  • Sep 20, 2011 3:56pm Sep 20, 2011 3:56pm
are they here yet?
  • #27,420
  • Sep 20, 2011 5:10pm Sep 20, 2011 5:10pm
guess not
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