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USD/JPY Discussion

  • #27,621
  • Sep 26, 2011 7:50am Sep 26, 2011 7:50am
As the chart shows, we are still in good shape. The RSI trendline is still unbroken and moving higher and we continue to get all sorts of bullish divergence green arrows on the THV. I continue to hold my long position looking for an explosive rally to 80 soon.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.jpg Size: 118 KB
Observation is the path to discovery.
  • #27,622
  • Sep 26, 2011 7:54am Sep 26, 2011 7:54am
Quoting Wulfgar
I like you Alorente

True blue optimist...

Sadly Im more pessimistic about the state of affairs in this country

I got all this info off of some news wires... but it really is pretty eye opening... And I am not saying the US cant turn itself around. But we are walking, talking and acting like scared defeated sheep.

Unemployment has soared beyond anything seen since the great depression and major global financiers have shown global victory over the needs of the world's people driven by the same powers that created this crisis in the first place.

America...
I agree with every word you said. The state of affairs in the United States IS deplorable. However, almost every point that you made can and will be reversed with a stroke of the pen. Obamacare will be repealed. New regulations will be repealed. Taxes will come down. America will become a magnet for foreign investment again. Class warfare will end. I believe America is realizing that their experiment with leftist ideology and political correctness has failed. They, like you are longing for the past. They will choose a leader that takes them there and they will follow. Mark my words, it will happen. If not in the next election, 4 years after, but it will happen. I donīt believe for a second that this is the real "death" of America. This is coming from a guy that lives in Europe now exactly for all the reasons you mentioned. I will return to the US when it starts itīs way back to the future. Enough said. Letīs get back to trading.
Observation is the path to discovery.
  • #27,623
  • Sep 26, 2011 7:55am Sep 26, 2011 7:55am
Quoting Alorente
As the chart shows, we are still in good shape. The RSI trendline is still unbroken and moving higher and we continue to get all sorts of bullish divergence green arrows on the THV. I continue to hold my long position looking for an explosive rally to 80 soon.
Glad to see you here Mr.Alorente
Did you ever try switch your chart to daily or even monthly period and whats the result? I mean should be red arrow right?Only in 4H show Green arrows


Thanks
If there was easy money lying around,no one would be forcing it into your
  • #27,624
  • Sep 26, 2011 11:00am Sep 26, 2011 11:00am
http://www.washingtonpost.com/busine...VGJ_video.html
  • #27,625
  • Sep 26, 2011 11:02am Sep 26, 2011 11:02am
Quoting FXMindset
Glad to see you here Mr.Alorente
Did you ever try switch your chart to daily or even monthly period and whats the result? I mean should be red arrow right?Only in 4H show Green arrows


Thanks
Green arrow also in Daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 24 KB
Observation is the path to discovery.
  • #27,626
  • Sep 26, 2011 11:03am Sep 26, 2011 11:03am
when it finally breaks out... if so, sell stops below 76.00 could be expected.
in other case, sell entries on falling trendlines, we'll see

http://2.bp.blogspot.com/-e9PceJkFvs...+triangles.png
  • #27,627
  • Sep 26, 2011 12:13pm Sep 26, 2011 12:13pm
We'are almost breaking Poin,However I am always believe with chart pattern because it always valid and expected we might see 74.xx before turn north,In other Side We Might see Other lower of level In next month if we cant break the monthly falling wedge yet

Attached In White Background So We Can See More Clear
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UJ Daily.png Size: 36 KB
Click to Enlarge Name: UJ Monthly.png Size: 38 KB
If there was easy money lying around,no one would be forcing it into your
  • #27,628
  • Sep 26, 2011 1:08pm Sep 26, 2011 1:08pm
or we might turn north without visiting 74xx and the wedge graph would still be mostly valid ... are these graphs always that precise? new to much of this.
  • #27,629
  • Sep 26, 2011 1:19pm Sep 26, 2011 1:19pm
in this case most people here expect 74.xx,but the question is why were not there already,all last week usd gained over 500pips in most pairs,chf got a boost from intervention,but japan isnt going to pour any money into changing trend,so its the matter for someone big to even further sell usd/jpy or exit positions and reverse.
  • #27,630
  • Sep 26, 2011 1:19pm Sep 26, 2011 1:19pm
Quoting freiburg
or we might turn north without visiting 74xx and the wedge graph would still be mostly valid ... are these graphs always that precise? new to much of this.
We might Breaking Upside Tomorrow If Close Higher than Yesterday Bar Beside That USD also Breaking Up From yesterday Doji Stick
Attached Image (click to enlarge)
Click to Enlarge Name: USD Index.png Size: 36 KB
If there was easy money lying around,no one would be forcing it into your
  • #27,631
  • Sep 26, 2011 1:47pm Sep 26, 2011 1:47pm
I go long to take profit @ 80.00 tomorrow morning!!!

  • #27,632
  • Sep 26, 2011 2:19pm Sep 26, 2011 2:19pm
Quoting umbrella man
I go long to take profit @ 80.00 tomorrow morning!!!

This Is Called IB or Inside Bar Pattern
1.The Bar 2 & 3 Still Inside The Bar 1 Range 76.11 - 76.96,The Direction Up or Down Depending which side break first,I'm Looking Long Now
2.The Bar 1 & 2 Form Double Bottom
3.If The Third Bar Close Higher than previous bar We might turn upside
Attached Image (click to enlarge)
Click to Enlarge Name: UJ Daily.png Size: 35 KB
If there was easy money lying around,no one would be forcing it into your
  • #27,633
  • Sep 26, 2011 3:33pm Sep 26, 2011 3:33pm
interesting action last 20 minutes, with support showing itself ... even though under the radar
  • #27,634
  • Sep 26, 2011 3:56pm Sep 26, 2011 3:56pm
Quoting freiburg
interesting action last 20 minutes, with support showing itself ... even though under the radar
not to be trusted the bastard, bouncing at 76.12 I might give a long a try

Attached Image (click to enlarge)
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Don't be a hero. Don't have an ego. Always question yourself
  • #27,635
  • Sep 26, 2011 6:14pm Sep 26, 2011 6:14pm
I would Buy Usd/Jpy between 76.00-76.10( according to price action) with first TP target at 76.80, second at 76.95/00 and third at 77.20/25

Tp would be set after order is open by sometime for the possibility of intervention and much bigger pips target
  • #27,636
  • Sep 26, 2011 6:29pm Sep 26, 2011 6:29pm
Quoting MoneMaker
I would Buy Usd/Jpy between 76.00-76.10( according to price action) with first TP target at 76.80, second at 76.95/00 and third at 77.20/25

Tp would be set after order is open by sometime for the possibility of intervention and much bigger pips target
No possibility of a chart to show how you arrived at those numbers I suppose....TheMoneMaker???
Doing what you like is Freedom. Liking what you do is Happiness.
  • #27,637
  • Sep 26, 2011 6:32pm Sep 26, 2011 6:32pm
Obscene amount of demand seen at 76.36 - 76.33
  • #27,638
  • Sep 26, 2011 8:18pm Sep 26, 2011 8:18pm
76.08 , normally it will go overboard through S2 then move its way up again.
  • #27,639
  • Sep 27, 2011 12:02am Sep 27, 2011 12:02am
Quoting realjumper
No possibility of a chart to show how you arrived at those numbers I suppose....TheMoneMaker???
Yeah,He Is Back,Already Suspect him earlier
If there was easy money lying around,no one would be forcing it into your
  • #27,640
  • Sep 27, 2011 12:10am Sep 27, 2011 12:10am
i heard a rumor if UJ keeps above 76 then it will be fine, however, if UJ broke 75.9 then BOJ might will take a big intervention.
i think if it break 75.9, it maybe a good idea to have a buy stop order above 76 so you can make a big kill if they take intervention.
i will just place some buy limit order around 76.10-76.20 and with stop just below 75.9
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