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USD/JPY Discussion

  • #27,781
  • Sep 29, 2011 5:10am Sep 29, 2011 5:10am
Quoting yauming
Hi FXMindset,

The candle will touch R2 then drop again if the Bro US economic is weak... Otherwise it will be uptrend...
comment is welcomed.
Whats your R2 level Yaoming?
If there was easy money lying around,no one would be forcing it into your
  • #27,782
  • Sep 29, 2011 5:22am Sep 29, 2011 5:22am
Quoting Alorente
In the Daily chart attached, we can see the perfect saucer shape that UJ is creating in the past couple of months. Perfectly symmetrical saucer shapes are rare, but until shown otherwise we should continue to watch this development. If this is the case, we should expect a pretty steep climb to 81.30 in the next month as we create the right side of the saucer.
very nice posts as usual. very very helpful.
  • #27,783
  • Sep 29, 2011 5:26am Sep 29, 2011 5:26am
Quoting Alorente
In the Daily chart attached, we can see the perfect saucer shape that UJ is creating in the past couple of months. Perfectly symmetrical saucer shapes are rare, but until shown otherwise we should continue to watch this development. If this is the case, we should expect a pretty steep climb to 81.30 in the next month as we create the right side of the saucer.
Nice

If this can establish a foothold over 77, that would bode well for the bulls....I'm not trading it though!
Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #27,784
  • Sep 29, 2011 5:42am Sep 29, 2011 5:42am
good news from Germany if US data coincides we could trend toward risk seeking environment......
Don't be a hero. Don't have an ego. Always question yourself
  • #27,785
  • Sep 29, 2011 6:08am Sep 29, 2011 6:08am
Quoting extract
ok guys the fun is about to start.. as soon as this hourly candles complete this thing is gonna skyrocket
This thing will not skyrocket as long as Japanese authorities do not act.
Fear is keeping this pair in current range. Imo !
  • #27,786
  • Sep 29, 2011 6:15am Sep 29, 2011 6:15am
Quoting SIgurs
This thing will not skyrocket as long as Japanese authorities do not act.
Fear is keeping this pair in current range. Imo !
Doenst mean any bad but i think you are quite cute each time talk about BOJ or Japanese Authorities you are very spirit

Btw,I am short Just from 76.80 with SL 76.90..But has adjusted to BEP now,Lets see ya
If there was easy money lying around,no one would be forcing it into your
  • #27,787
  • Sep 29, 2011 6:15am Sep 29, 2011 6:15am
skyrocket i think he meant for that moment, which is what it did (intraday terms). :-)) was a good predicition i thought, and very timely.
  • #27,788
  • Sep 29, 2011 6:48am Sep 29, 2011 6:48am
Quoting freiburg
skyrocket i think he meant for that moment, which is what it did (intraday terms). :-)) was a good predicition i thought, and very timely.
I believe wall of worry is the right term here. Everyone is terrified that it will go up (and thus be shorted), and everyone is terrified that it will come down (BOJ intervention).

We are in some hostage situation here which will need to be resolved (or not, for that matter).

The wall of worry is the slow climb up, falling along the way, in total fear.

Is this the situation?
  • #27,789
  • Sep 29, 2011 6:59am Sep 29, 2011 6:59am
Quoting freiburg
I believe wall of worry is the right term here. Everyone is terrified that it will go up (and thus be shorted), and everyone is terrified that it will come down (BOJ intervention).

We are in some hostage situation here which will need to be resolved (or not, for that matter).

The wall of worry is the slow climb up, falling along the way, in total fear.

Is this the situation?
@USDJPY has a special kind of moves which will be a solution for this current problem and its called 'Falling Knife 600 Pips" Once it spikes down your MT4 will be hang and once your MT4 become active again you see this 600 falling pips will be going up 400 pips over already...its very fast and happen in a second only
If there was easy money lying around,no one would be forcing it into your
  • #27,790
  • Sep 29, 2011 7:14am Sep 29, 2011 7:14am
Quoting FXMindset
@USDJPY has a special kind of moves which will be a solution for this current problem and its called 'Falling Knife 600 Pips" Once it spikes down your MT4 will be hang and once your MT4 become active again you see this 600 falling pips will be going up 400 pips over already...its very fast and happen in a second only
sounds horrible and evil. it would wipe out all my gains in a flash. i don't think there is any way to prepare for it except some kind of stop on existing position and a buy order "down there." I think you are describing the fear that is going to drive this higher. You are describing the terror behind the wall of worry. scary! I have goose bumps.
  • #27,791
  • Sep 29, 2011 7:19am Sep 29, 2011 7:19am
I don't think you guys realize that today is the beginning of a major reversal it will go up 600pips before it goes down 600pips from here onwards.

Happy Trading
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Happy Trading
  • #27,792
  • Edited 7:46am Sep 29, 2011 7:24am | Edited 7:46am
Quoting freiburg
sounds horrible and evil. it would wipe out all my gains in a flash. i don't think there is any way to prepare for it except some kind of stop on existing position and a buy order "down there." I think you are describing the fear that is going to drive this higher. You are describing the terror behind the wall of worry. scary! I have goose bumps.
if you trade UJ since 2005 then you could be know what I mean

But the long being good now
If there was easy money lying around,no one would be forcing it into your
  • #27,793
  • Sep 29, 2011 7:48am Sep 29, 2011 7:48am
Quoting freiburg
sounds horrible and evil. it would wipe out all my gains in a flash. i don't think there is any way to prepare for it except some kind of stop on existing position and a buy order "down there." I think you are describing the fear that is going to drive this higher. You are describing the terror behind the wall of worry. scary! I have goose bumps.
He's kinda right about the BIG spike down but the 8/4/11 confirmed intervention didn't have that but of course, a Sl would protect you from that.
Whoa be unto those that trade this pair and go commando. You'll lose some or all of your jewels in the blink of an eye.
Since 8/4 then there have been numerous 300+ spikes up and down, and most do happen in the blink of an eye but I'm guessing they're BoJ driven to clear out the riff raff that's wreaking havoc on the currency.
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More than a grain of salt is advisable
  • #27,794
  • Sep 29, 2011 8:11am Sep 29, 2011 8:11am
Quoting jabbawest
He's kinda right about the BIG spike down but the 8/4/11 confirmed intervention didn't have that but of course, a Sl would protect you from that.
Whoa be unto those that trade this pair and go commando. You'll lose some or all of your jewels in the blink of an eye.
Since 8/4 then there have been numerous 300+ spikes up and down, and most do happen in the blink of an eye but I'm guessing they're BoJ driven to clear out the riff raff that's wreaking havoc on the currency.
UJ Indeed slow but its kinda will give you a big spike surprise sometimes,in other word we can give it the name 4S "Slow Spike Surprise Sometimes"

You wont be sorry if you trade by Stoploss or with good MM strategy unless you bet big by waiting and hoping BOJ step in
If there was easy money lying around,no one would be forcing it into your
  • #27,795
  • Sep 29, 2011 8:21am Sep 29, 2011 8:21am
Quoting FXMindset
UJ Indeed slow but its kinda will give you a big spike surprise sometimes,in other word we can give it the name 4S "Slow Spike Surprise Sometimes"

You wont be sorry if you trade by Stoploss or with good MM strategy unless you bet big by waiting and hoping BOJ step in
I learned my lesson in a BIG way, and from then on, I always use stop loss. ALWAYS. Religion.
  • #27,796
  • Sep 29, 2011 8:43am Sep 29, 2011 8:43am
Break and Break...
If there was easy money lying around,no one would be forcing it into your
  • #27,797
  • Sep 29, 2011 8:57am Sep 29, 2011 8:57am
I've taken my profit, and will wait for a pullback now. Hope the train does not leave the station (yet). I hate this part ... extremely stressful for me :-)))
  • #27,798
  • Sep 29, 2011 9:21am Sep 29, 2011 9:21am
Hmmmm .... both Gbp and Eur far better movers towards the Jpy, both up more than 1% and further off all time lows when compared to the Usd (up 0.25%).

Doesn't look like a break out to me, imo just a dead cat bounce.
  • #27,799
  • Sep 29, 2011 9:38am Sep 29, 2011 9:38am
Quoting freiburg
I've taken my profit, and will wait for a pullback now. Hope the train does not leave the station (yet). I hate this part ... extremely stressful for me :-)))
At what level do you get back in? I´m still holding, by the way.
Observation is the path to discovery.
  • #27,800
  • Sep 29, 2011 9:39am Sep 29, 2011 9:39am
Quoting SIgurs
Hmmmm .... both Gbp and Eur far better movers towards the Jpy, both up more than 1% and further off all time lows when compared to the Usd (up 0.25%).

Doesn't look like a break out to me, imo just a dead cat bounce.
Patient my friends,slowly you will be reward by long this pairs with good mm strategy
If there was easy money lying around,no one would be forcing it into your
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