USD/JPY Discussion | Page 1393 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #27,841
  • Sep 30, 2011 3:43am Sep 30, 2011 3:43am
Quoting Alorente
You may be right, but I firmly believe in specialization. I concentrate on just 4 items: EUR/USD, USD/JPY, and Gold and S&P500 futures. Those 4 keep me more than busy for the entire day and part of the night. I find that when I stray into other pairs that I donīt know as well, my win % (right now at 93%) drops considerably. To me it is crucial to have a high win average. It builds the confidence needed to act without hesitation or stress.
thanks ... good answer. yeah, the one thing i don't like about try/jpy is the spread. so when i want to hop in and out that always factors in more than it should. Anyway, with USD/JPY there's a good thread with good posts and youtube videos, which is more valuable (to me) than going alone and exotic.

By the way, we're up here this morning. :-) I hope we bust through in the next hour or two. although I believe it more, which means maybe we won't --- aaaaaaaaargh :-(
  • #27,842
  • Sep 30, 2011 3:48am Sep 30, 2011 3:48am
Look at how well it's holding in the low 80s you can just feel all that accumulation taking place this beauty is getting ready for a very big move which will most likely happen in 10 minutes when London opens
Happy Trading
  • #27,843
  • Sep 30, 2011 4:01am Sep 30, 2011 4:01am
Quoting extract
Look at how well it's holding in the low 80s you can just feel all that accumulation taking place this beauty is getting ready for a very big move which will most likely happen in 10 minutes when London opens
you're right it is gaining. although isn't london open already since 1 hour ago?
  • #27,844
  • Sep 30, 2011 4:15am Sep 30, 2011 4:15am
Quoting freiburg
you're right it is gaining. although isn't london open already since 1 hour ago?
You could be right i always thought that it started now ?
can anyone confirm ? and your calling me a genius
Happy Trading
  • #27,845
  • Edited 5:21am Sep 30, 2011 4:22am | Edited 5:21am
Quoting Demon Bane
I still think 74.00 will happen before 78.00....
USD has been weak and JPY is still appreciating...
Next month will shall see a new low....
Honestly,Even am Long now,I am agreed with you that 74 should be see this month ( last day ) and 73 last month...but who knows we start going up from now since it supported very well or maybe another trick from some big player to accumulate those longs and kill it all for once before going up

At Other Side USD Power likely to Come Back,I am take USD/SGD as an example as one of the strongest currency in the world which been strenght over many years and have a very good fundamental economic,now has turn the trend...thats simple showing how bullish USD its
Attached Image (click to enlarge)
Click to Enlarge Name: USDSGD.png Size: 27 KB
If there was easy money lying around,no one would be forcing it into your
  • #27,846
  • Sep 30, 2011 4:49am Sep 30, 2011 4:49am
strong resistance again...
unlikely to break today...
continue range trading much more likely
Patience, Emotion Control and Discipline.
  • #27,847
  • Sep 30, 2011 4:54am Sep 30, 2011 4:54am
Quoting johncen
strong resistance again...
unlikely to break today...
continue range trading much more likely

This couldn't be further from the truth it is just warming up for a big move past 77.00
Happy Trading
  • #27,848
  • Sep 30, 2011 5:02am Sep 30, 2011 5:02am
Quoting extract
This couldn't be further from the truth it is just warming up for a big move past 77.00
I don't know. I've hopped out hoping for a small pullback. I hate this part, because I believe it will go up (which means it will go down - at least in the next hour).

it's twisted, difficult, and dangerous :-)


also, the more times it pokes it's head down, the more the consolidation makes this a real reversal. I don't want to go up on vapors, but on a steel escalator!
  • #27,849
  • Sep 30, 2011 5:04am Sep 30, 2011 5:04am
Quoting extract
This couldn't be further from the truth it is just warming up for a big move past 77.00
above 77 buyers will be very happy..
I have longs since last week..
but also very happy scalping up and down this week..

although spike up today will surprise everyone which is just what BOJ warned..
but..hmmmm selling power remain near 77...
strong bull needed...
Patience, Emotion Control and Discipline.
  • #27,850
  • Sep 30, 2011 5:23am Sep 30, 2011 5:23am
Quoting freiburg
I don't know. I've hopped out hoping for a small pullback. I hate this part, because I believe it will go up (which means it will go down - at least in the next hour).

it's twisted, difficult, and dangerous :-)

also, the more times it pokes it's head down, the more the consolidation makes this a real reversal. I don't want to go up on vapors, but on a steel escalator!

Well i hope for your sake it does dip but from what i can see 76.82 is strong support and it just closed at it's highest this week on the 1hr and 3hrly chart. I am very confident we will see 77+ today
Happy Trading
  • #27,851
  • Sep 30, 2011 5:34am Sep 30, 2011 5:34am
Quoting extract
Well i hope for your sake it does dip but from what i can see 76.82 is strong support and it just closed at it's highest this week on the 1hr and 3hrly chart. I am very confident we will see 77+ today
i am ready to jump in any moment of course.

Why do you think today is the day? Just a feeling or some additional points?
  • #27,852
  • Sep 30, 2011 5:43am Sep 30, 2011 5:43am
Quoting freiburg
i am ready to jump in any moment of course.

Why do you think today is the day? Just a feeling or some additional points?
Keeps on closing higher on varies time frames, how quick it ran to the 80-90s today, how long it's trading at these new higher levels, last day of the week/month, the great looking setup on the Daily. I think we may see 77.20 today
Happy Trading
  • #27,853
  • Edited 6:08am Sep 30, 2011 5:50am | Edited 6:08am
Quoting extract
Keeps on closing higher on varies time frames, how quick it ran to the 80-90s today, how long it's trading at these new higher levels, last day of the week/month, the great looking setup on the Daily. I think we may see 77.20 today
geeeeez, it just looks so "toppy" right now (talking about this most recent spike only). But I see your point too. I certainly would not short this. Maybe initiate half a position(?) ... I dunno, I'm gonna wait a few more minutes.

Maybe it's waiting for the US economic data today and then it will all come true.

Also, I've been "trained" to expect it to go down, which is exactly why it should go up. This decision point is quite difficult for me.

There is some correlation to EUR/USD ... and when I think about the Euro, makes me think it will weaken prior to the weekend (you know, end of world, etc) which would/could weaken USD/JPY a bit.
  • #27,854
  • Sep 30, 2011 6:07am Sep 30, 2011 6:07am
Quoting freiburg
geeeeez, it just looks so "toppy" right now (talking about this most recent spike only). But I see your point too. I certainly would not short this. Maybe initiate half a position(?) ... I dunno, I'm gonna wait a few more minutes.

Maybe it's waiting for the US economic data today and then it will all come true.
You are right that it does look toppy but i believe that this situation is different than others for the reasons i mentioned earlier. And as for entering half a position well that's up to you to decide. This is why i don't like exiting in these situations cause it's not so easy to renter.

The way i see it you can either enter now in the early 80s or wait for the dip that you were expecting or wait for the announcement that may shoot this thing up a ton and possibly pay higher prices. All depends on your risk profile and trading plan.
Happy Trading
  • #27,855
  • Sep 30, 2011 6:13am Sep 30, 2011 6:13am
Quoting extract
You are right that it does look toppy but i believe that this situation is different than others for the reasons i mentioned earlier. And as for entering half a position well that's up to you to decide. This is why i don't like exiting in these situations cause it's not so easy to renter.

The way i see it you can either enter now in the early 80s or wait for the dip that you were expecting or wait for the announcement that may shoot this thing up a ton and possibly pay higher prices. All depends on your risk profile and trading plan.
have become more risk averse because I have big gains to protect, and scalping has worked here. I will decide in 15-30 minutes (maybe). Probably will enter 100% (which is exactly where I exited), but have a much tighter stop loss than usual. thanks!
  • #27,856
  • Sep 30, 2011 6:50am Sep 30, 2011 6:50am
Quoting freiburg
have become more risk averse because I have big gains to protect, and scalping has worked here. I will decide in 15-30 minutes (maybe). Probably will enter 100% (which is exactly where I exited), but have a much tighter stop loss than usual. thanks!
... won't be my first or last mistake
  • #27,857
  • Sep 30, 2011 6:57am Sep 30, 2011 6:57am
Quoting freiburg
... won't be my first or last mistake
77.00 level needed for further up....
50d sma also there..
Patience, Emotion Control and Discipline.
  • #27,858
  • Sep 30, 2011 7:22am Sep 30, 2011 7:22am
Quoting johncen
77.00 level needed for further up....
50d sma also there..
We are going to have raft of reports in a few minutes. Going to turn on bloomberg radio and listen in to the commentary.

Finger is on the trigger!

8:30 am Personal income Aug. 0.0% 0.3% 8:30 am Consumer spending Aug. 0.1% 0.8% 8:30 am Core PCE price index Aug. 0.2% 0.2% 9:45 am Chicago PMI Sept. -- 56.5% 9:55 am Consumer sentiment Sept. 57.6 57.3
  • #27,859
  • Sep 30, 2011 7:34am Sep 30, 2011 7:34am
Personal Income is down and consumer spending is up. Not so good
  • #27,860
  • Sep 30, 2011 7:41am Sep 30, 2011 7:41am
Quoting freiburg
Personal Income is down and consumer spending is up. Not so good
yes...not so good bro...
we have been rejected by strong resistance again...
also euro climb above 3500 again..probably some more up...

still holding long from 76.20 from last friday...
seems unlikely to break today.
but hopefully next week....daily speaking a big W forming...
Patience, Emotion Control and Discipline.
56 traders viewing now