USD/JPY Discussion | Page 1452 | 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

  • #29,021
  • Nov 2, 2011 5:22pm Nov 2, 2011 5:22pm
Quoting bumba1988
I just decided to buy USD/JPY at 78.06, setting take profit at 78.60, was it a wise decision?

I am a newbie when it comes to Forex, so, will love to hear what others think about this trade?
What is your SL?
  • #29,022
  • Nov 2, 2011 5:29pm Nov 2, 2011 5:29pm
Quoting mck6206
Took long @78.20 with anticipation of some movement tonight. Nothing yet so maybe just close at BE. Anyone holding longs through Tokyo?
Still long @ 78.20 and we're still here. I see why people hate this pair.
  • #29,023
  • Nov 2, 2011 5:31pm Nov 2, 2011 5:31pm
Quoting mck6206
Still long @ 78.20 and we're still here. I see why people hate this pair.
you've seen nothing yet
Don't be a hero. Don't have an ego. Always question yourself
  • #29,024
  • Nov 2, 2011 5:31pm Nov 2, 2011 5:31pm
Quoting mck6206
I see why people hate this pair.
Haha I know I do!
  • #29,025
  • Nov 2, 2011 5:53pm Nov 2, 2011 5:53pm
Closed my short at +115.
I'm done with UJ lol
  • #29,026
  • Nov 2, 2011 5:54pm Nov 2, 2011 5:54pm
Quoting fosking
Closed my short at +115.
I'm done with UJ lol
congrats
Don't be a hero. Don't have an ego. Always question yourself
  • #29,027
  • Nov 2, 2011 6:00pm Nov 2, 2011 6:00pm
Quoting USD-Bear
congrats
Haha thanks, I think I will now delete my UJ chart
  • #29,028
  • Nov 2, 2011 6:06pm Nov 2, 2011 6:06pm
Quoting fosking
Haha thanks, I think I will now delete my UJ chart
it's ashame, I'm a UJ addict so I'll keep the shop
Don't be a hero. Don't have an ego. Always question yourself
  • #29,029
  • Nov 2, 2011 6:25pm Nov 2, 2011 6:25pm
Quoting USD-Bear
it's ashame, I'm a UJ addict so I'll keep the shop
I agree bear...
UJ is boring all the time..
but I kinda addicted to it...
lol
Patience, Emotion Control and Discipline.
  • #29,030
  • Nov 2, 2011 7:07pm Nov 2, 2011 7:07pm
FYI, Markets in Japan are closed today - it's Culture Day.

That slightly skews things more towards a no intervention day by the BoJ; it is noteable though that BoJ has previously intervened during bank holidays. But, given the PA is does not (at time of writing) seem to the downside (mind you, the PA usually does the reach-up thing, catching bids in anticipation of possible intervention during this time of day)

Additionally, with the G20 hot'n'heavy as we speak and the eurozone hotness that's underway, plus a possible USD strengthening along with a possible risk-off at least for this Asian session, I'd side with a no-intervention scenario for tonight (I am in North America, so I say tonight.)
  • #29,031
  • Nov 3, 2011 1:46am Nov 3, 2011 1:46am
Quoting johncen
I agree bear...
UJ is boring all the time..
but I kinda addicted to it...
lol
You too, strange people we are
Don't be a hero. Don't have an ego. Always question yourself
  • #29,032
  • Nov 3, 2011 5:24am Nov 3, 2011 5:24am
Quoting fosking
What is your SL?
My Stop loss is set at 74.06 level.
  • #29,033
  • Nov 3, 2011 6:39am Nov 3, 2011 6:39am
Quoting bumba1988
My Stop loss is set at 74.06 level.
That's a lot of risk for such small profit.
If I was you I would tighten my stop about 375 pips.
Risking 400 pips to try and make just 55 is too much risk.
I understand the lower levels may be guarded by further interventions but they may also not be.
The one sure thing in Forex is we are never sure and our risk management must reflect that.
  • #29,034
  • Nov 3, 2011 7:03am Nov 3, 2011 7:03am
Trying long @ 78.00 Sl @ 77.80 - Risk 0,5% : TP : Open
Attached Image (click to enlarge)
Click to Enlarge Name: UJ Daily.png Size: 38 KB
If there was easy money lying around,no one would be forcing it into your
  • #29,035
  • Nov 3, 2011 8:41am Nov 3, 2011 8:41am
Quoting FXMindset
Trying long @ 78.00 Sl @ 77.80 - Risk 0,5% : TP : Open
Closed for 1 Pips of profit - Thanks Mr.Market
If there was easy money lying around,no one would be forcing it into your
  • #29,036
  • Nov 3, 2011 2:30pm Nov 3, 2011 2:30pm
Test long limit again @ 77.95 SL 77.75 risk 1% TP : Open
Attached Image (click to enlarge)
Click to Enlarge Name: UJ Daily.png Size: 44 KB
If there was easy money lying around,no one would be forcing it into your
  • #29,037
  • Nov 3, 2011 2:37pm Nov 3, 2011 2:37pm
This morning, I read a rumor Japan will set the floor for UJ at 78.00
  • #29,038
  • Nov 3, 2011 2:38pm Nov 3, 2011 2:38pm
Quoting Yuchen
This morning, I read a rumor Japan will set the floor for UJ at 78.00
Test test test
Where is the link
If there was easy money lying around,no one would be forcing it into your
  • #29,039
  • Nov 3, 2011 2:45pm Nov 3, 2011 2:45pm
Quoting FXMindset
Test test test
Where is the link
http://forex.cnfol.com/111103/134,13...66091,00.shtml

It is in chinese, i am not sure if you understand it.
  • #29,040
  • Nov 3, 2011 2:51pm Nov 3, 2011 2:51pm
Quoting Yuchen
http://forex.cnfol.com/111103/134,13...66091,00.shtml

It is in chinese, i am not sure if you understand it.
Translate
German Chancellor Angela Merkel and French President Nicolas Sarkozy said that Greece will not get the referendum before the next batch of aid. The bad news weighed on market sentiment, affected, risk aversion continues to heat up the market, weighing on the dollar / yen from 78.15 intraday high of slightly lower, hit 77.95 low. Then the European stock markets opened sharply lower after the rebound, G20 leaders pledged to work closely optimistic response to the debt crisis in Europe is expected to provide support for the market.

Another report quoted officials of the Chinese People's Bank of China may refer to speech to provide € 100 billion euro aid funds to support the EU's response to the crisis also boosted market sentiment, and market concerns about Japan's Finance Ministry is still possible to further intervention in currency markets to sell yen to support stabilize the exchange rate rebounded slightly.

Initial support is located in the downstream direction 77.90 (low of November 2), after dropping below the level of 77.75 (hourly chart support level) and 76.30/50 (October 27 and October 25 high / October 24 high).

The upward direction of the resistance, first, 78.40 (November 2 high), will break through that level on the probe 79.00 (high of November 1) and 79.55 (high of 31 October).

The Japanese government intervention in $ 1 trillion yen, the U.S. and Japan quickly pulled up from 75.56 to 79.53 low of the high points, although after the market correction, but the current situation, the Japanese government basically has control in the United States and Japan 78.00 near the line, the market has gradually accepted the bottom line.

Set floor 78?
If there was easy money lying around,no one would be forcing it into your
38 traders viewing now