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USD/JPY Discussion

  • #30,421
  • Feb 22, 2012 4:15pm Feb 22, 2012 4:15pm
Post from Feb 1 #29955
Quoting 2046
Hello all, been watching UJ lately. H1 is close to a weak bullish TK cross, H4 appears to form a bottom and allow for a retrace and D1 / W1 have been moving sideways for a while.

Hoping for a good entry over the next few hours:

E, pending: 7618
E, alternative, pending: 7650 (on cited intervention rumors)
SL: 7608
TP: 7920 for intervention or exit at bearish TK cross
H4 remains bullish from Feb 3 TKcross on Ichimoku.
Expecting supply from here to 80.800 which is the level of Tenkan sen an flat upper kumo on weekly chart. H4 entry was 76.50, SL currently at 79.5 - this has been a huge winner so far
Chart 1: h1, feb1
Chart 2: h4, feb22
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 120201_uj_h1_0000.gif Size: 37 KB
Click to Enlarge Name: 120222_uj_h4_2200.gif Size: 28 KB
  • #30,422
  • Feb 22, 2012 9:07pm Feb 22, 2012 9:07pm
Quoting Neosaladin
maybe the noobs don't know and can't see about the 'no volume defending' it as you can. Apart from blasting and cursing, would you care to share how do you see the 'volume' you mention about? to shed some lights to noobs such as me.

huhuhuhuhu

Here you can see that there was some volume at 79.80 the first circle and at 79.90 the reaction was less, meaning sellers were absorbed at this point it was clear 80 was going to break, and at 80 there really wasn't much reaction (retailers being fuked) and the real supply came later at 80.20
Attached Image
  • #30,423
  • Feb 23, 2012 3:34am Feb 23, 2012 3:34am
Quoting sidhujag
Here you can see that there was some volume at 79.80 the first circle and at 79.90 the reaction was less, meaning sellers were absorbed at this point it was clear 80 was going to break, and at 80 there really wasn't much reaction (retailers being fuked) and the real supply came later at 80.20
Thank you for your insightful analysis, appreciate it.
I mean what I say, I say what I mean
  • #30,424
  • Feb 23, 2012 2:19pm Feb 23, 2012 2:19pm
Trying to break below 80 will stay on the sidelines for now
  • #30,425
  • Feb 23, 2012 2:36pm Feb 23, 2012 2:36pm
Went ahead and shorted this pair at 80 with a tight s/l, We shall see
  • #30,426
  • Feb 23, 2012 7:36pm Feb 23, 2012 7:36pm
Here is an interesting article supporting further upside to yen pairs:

http://seekingalpha.com/article/3859...bout-deflation

cheers
cath
  • #30,427
  • Feb 24, 2012 5:40am Feb 24, 2012 5:40am
So can this just go up everyday continously without any significant retracement?

Does anyone think we'll see the lower 79s again ?
  • #30,428
  • Feb 24, 2012 5:48am Feb 24, 2012 5:48am
Quoting Joey Zazza
So can this just go up everyday continously without any significant retracement?

Does anyone think we'll see the lower 79s again ?
It's topping out now.
  • #30,429
  • Feb 24, 2012 8:59am Feb 24, 2012 8:59am
Quoting Mpt
It's topping out now.
Please share your analysis.
  • #30,430
  • Feb 24, 2012 9:05am Feb 24, 2012 9:05am
This pair has gone wild recently... May be the trend has changed?
go go go
  • #30,431
  • Feb 24, 2012 9:10am Feb 24, 2012 9:10am
Quoting @40
This pair has gone wild recently... May be the trend has changed?
I think the trend has definitely changed for USD/JPY to go up in the long-term but isn't this move a little too much too fast?
  • #30,432
  • Feb 24, 2012 9:28am Feb 24, 2012 9:28am
Every time I think it is at the top it seems to push higher, guess i will keep riding it up and trailing my s/l
  • #30,433
  • Feb 24, 2012 9:32am Feb 24, 2012 9:32am
It is speeding up imo, big ups to everyone bullish at the low 76's/high 75's
#edit: we need to rally to ¥83~ish
  • #30,434
  • Feb 24, 2012 3:36pm Feb 24, 2012 3:36pm
Quoting Joey Zazza
I think the trend has definitely changed for USD/JPY to go up in the long-term but isn't this move a little too much too fast?
no 120 by end of year... still has $40 to go
  • #30,435
  • Feb 24, 2012 4:20pm Feb 24, 2012 4:20pm
http://subir-imagenes.es/images/usdjpy.gif
  • #30,436
  • Feb 24, 2012 5:14pm Feb 24, 2012 5:14pm
It really does look like U/J is getting ready to shoot the moon, as you can see on my chart the only time we've seen even slight slowdowns have been when 4hr t3mas 9, 18, 27, 45, and 54 hit the 4hr 1080 t3ma.

The most significant correction was when 45 crossed 1080 and 90 crossed 270 around the same time, but still price was only able to just barely hit 18 before taking off again.

Today price blew through heavy resistance at 4hr 1620 and even managed to close above the daily 360 which is huge. The next two important crosses that could slow this train down is the 63 hitting the 1080, or even better when the 6&9 hit 1620. Right now it looks like those crosses will happen around the same time on Monday or Tuesday of next week
Attached Image (click to enlarge)
Click to Enlarge Name: x1.gif Size: 200 KB
  • #30,437
  • Feb 25, 2012 6:27am Feb 25, 2012 6:27am
Looks like we don't have any correction coming and this thing will keep shooting up?

Forexlive and others are showing how a close about the Ichimoku cloud indicates a major long-term reversal pattern
  • #30,438
  • Feb 25, 2012 11:03am Feb 25, 2012 11:03am
"Anybody who does not go long USDJPY at current levels should re-consider his future as a forex trader." That's what one guy from Armada told me 2 weeks ago. I wonder if it makes sense to buy it from current levels. Markets are so unpredictable lately.
  • #30,439
  • Feb 25, 2012 11:30am Feb 25, 2012 11:30am
No need hurry
Attached Image (click to enlarge)
Click to Enlarge Name: UJ4H.png Size: 31 KB
If there was easy money lying around,no one would be forcing it into your
  • #30,440
  • Feb 25, 2012 12:39pm Feb 25, 2012 12:39pm
Quoting Askandia
"Anybody who does not go long USDJPY at current levels should re-consider his future as a forex trader." That's what one guy from Armada told me 2 weeks ago. I wonder if it makes sense to buy it from current levels. Markets are so unpredictable lately.
That was the 75-77 range though, right? I think at this point I want to say it's still valid to go long, all the way to 100...but all the technicals are telling me this is way too overbought???

Can it just keep going up?
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