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USD/JPY Discussion

  • #29,061
  • Nov 8, 2011 9:11am Nov 8, 2011 9:11am
61.8 Resistance Play very well - 50.0 Fibo Break - Next 38.2 - Possible 77.34
Attached Image (click to enlarge)
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If there was easy money lying around,no one would be forcing it into your
  • #29,062
  • Nov 8, 2011 9:36am Nov 8, 2011 9:36am
Quite the NY morning move for UJ - 50 pips is no small amount. BOJ is obviously being challenged here. Will they have the guts to step up and defend? They certainly don't have a good track record. And, at this point, 50% of their intervention efforts are underwater.
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  • #29,063
  • Nov 8, 2011 9:50am Nov 8, 2011 9:50am
Quoting Beljevina
Quite the NY morning move for UJ - 50 pips is no small amount. BOJ is obviously being challenged here. Will they have the guts to step up and defend? They certainly don't have a good track record. And, at this point, 50% of their intervention efforts are underwater.
indeed weekly and monthly pivot points around 77.75 should pref. hold for longs with 77.55 (50% retracement) as last resort.
not sure they will with this weak USD...
Don't be a hero. Don't have an ego. Always question yourself
  • #29,064
  • Nov 8, 2011 12:15pm Nov 8, 2011 12:15pm
This is not good for long - Whatever USD Going strong or not - UJ Long always perform bad - Unless - Intervention again - Why Japan
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If there was easy money lying around,no one would be forcing it into your
  • #29,065
  • Edited 12:44pm Nov 8, 2011 12:28pm | Edited 12:44pm
http://images.macworld.com/appguide/...01279913_0.pnglooks like we're entering a new channel....time to play pong
  • #29,066
  • Nov 8, 2011 12:34pm Nov 8, 2011 12:34pm
UJ needs to break 77.49 in order to drop aggressively.
  • #29,067
  • Nov 8, 2011 12:48pm Nov 8, 2011 12:48pm
Quoting Yuchen
UJ needs to break 77.49 in order to drop aggressively.
I am already short - Lets see
If there was easy money lying around,no one would be forcing it into your
  • #29,068
  • Nov 8, 2011 1:28pm Nov 8, 2011 1:28pm
Quoting FXMindset
I am already short - Lets see
Where are you planning to put SL on this to survive awakening of BoJ in a few couple of hours?
BoJ might lose remaining 50% if they will let this slide...
  • #29,069
  • Nov 8, 2011 3:28pm Nov 8, 2011 3:28pm
Coincidence seriously????
Attached Image (click to enlarge)
Click to Enlarge Name: usd jpy daily.gif Size: 159 KB

So if past behaviour is a guide for the future behaviour I would suspect that right now the BOJ is on holiday's.
To confirm that we would need a "watching closely" statement.
  • #29,070
  • Nov 8, 2011 7:03pm Nov 8, 2011 7:03pm
is EU causing this spike down , if EU reaches 387X. will USJPY hold the line ?

BOJ will interfere only when needed , not because of the effects of EU.


Quoting aragami
Where are you planning to put SL on this to survive awakening of BoJ in a few couple of hours?
BoJ might lose remaining 50% if they will let this slide...
  • #29,071
  • Nov 8, 2011 7:05pm Nov 8, 2011 7:05pm
added more long positions , ma will act as the pendulum and price will have to kiss it soon before moving again south .

watch closely EU pair because it is going to tell u where this shit is going.
  • #29,072
  • Nov 8, 2011 11:00pm Nov 8, 2011 11:00pm
How many times have the BOJ intervened just to have the price come back down and go lower. Is this time really going to be that different? Their intervention failed to even brake many different upper trend lines. They really are a hopeless case. The only reason it's not falling faster is because they have everyone afraid of another intervention which appears to be a successful decoy. I cant say I am short though just because IF they do intervene any SL I put will most likely be filled much farther.
Former Trader Of the Year of the 95% losing club! Retired
  • #29,073
  • Nov 8, 2011 11:16pm Nov 8, 2011 11:16pm
My point is that BoJ want make rise of yen slower, not completly reverse trend.
  • #29,074
  • Nov 8, 2011 11:20pm Nov 8, 2011 11:20pm
have a 0.025 lot long UJ at 77.63, s/l at 77.30
hourly chart looks strong bearish, let's see if 77.40-50 could provide solid support (former resistence)
  • #29,075
  • Nov 8, 2011 11:40pm Nov 8, 2011 11:40pm
Lets see if it can break support. if it breaks i am putting my stops at 77.00 in case it spikes through prefer to close it manually. trying to catch the retracement.
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  • #29,076
  • Nov 9, 2011 2:08am Nov 9, 2011 2:08am
Quoting goshko147
I don't believe that. BOJ don't set a floor.
The floor is only in the minds of traders. In fear of BOJ many not short. It was the floors 78. When fear disappears everything changes.
Once scalper always scalper
  • #29,077
  • Nov 9, 2011 2:45am Nov 9, 2011 2:45am
Quoting USD-Bear
indeed weekly and monthly pivot points around 77.75 should pref. hold for longs with 77.55 (50% retracement) as last resort.
not sure they will with this weak USD...
looks like 77.55 might hold
Don't be a hero. Don't have an ego. Always question yourself
  • #29,078
  • Nov 9, 2011 5:46am Nov 9, 2011 5:46am
Still hold my short @ break Poin @ 78.00 and Stop @ 78.15 - But set BE now - If going up and 78.05 hold again today will short again
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UJ Daily.png Size: 34 KB
Click to Enlarge Name: UJ 4H.png Size: 28 KB
If there was easy money lying around,no one would be forcing it into your
  • #29,079
  • Nov 9, 2011 1:27pm Nov 9, 2011 1:27pm
bounce @ 50%
above DPP
above WPP
above MPP

Attached Image (click to enlarge)
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Don't be a hero. Don't have an ego. Always question yourself
  • #29,080
  • Nov 10, 2011 12:06am Nov 10, 2011 12:06am
closed my short
too boring
wait for 77.08 for long
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