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USD/JPY Discussion

  • #31,101
  • Jul 10, 2012 8:44am Jul 10, 2012 8:44am
Quoting eurgbpaud
I am short USDJPY at 79.44 since 8am NY time. Should exit after a few hours. Is there anyone else long or short the yen?
I think short is the way to go. Targeting 77.70, stop 79.70.
  • #31,102
  • Jul 10, 2012 8:49am Jul 10, 2012 8:49am
Short 79.42 stop 79.5
  • #31,103
  • Jul 10, 2012 3:56pm Jul 10, 2012 3:56pm
Update on my short USDJPY position:
I took a short position at 79.438 from 08:10am NY time
I closed the position at 79.412 at 04:33pm NY time.
Expected a deeper fall but to no avail.
Now searching for the next trade.
  • #31,104
  • Jul 10, 2012 5:46pm Jul 10, 2012 5:46pm
Quoting eurgbpaud
Update on my short USDJPY position:
I took a short position at 79.438 from 08:10am NY time
I closed the position at 79.412 at 04:33pm NY time.
Expected a deeper fall but to no avail.
Now searching for the next trade.
I think you'll be kicking yourself pretty soon. Get back in that short. If you're really trying to be conservative, put a stop in at 79.50 although my stop at 79.70 is much safer. This should fall all the way down to 77.60 rather fast by my estimations. It's a very good r/r with either stop and a great possibility of happening, IMO.
  • #31,105
  • Jul 10, 2012 6:06pm Jul 10, 2012 6:06pm
Quoting Zappa
. This should fall all the way down to 77.60 rather fast by my estimations. It's a very good r/r with either stop and a great possibility of happening, IMO.
How do you calculate the 77.6 level?
That would be real good if it does, even though im long the position.
I held USDJPY December thru to Feb,
77-82 and I loved that and would love to do it again.
  • #31,106
  • Jul 10, 2012 6:17pm Jul 10, 2012 6:17pm
Quoting Zac
How do you calculate the 77.6 level?
That would be real good if it does, even though im long the position.
I held USDJPY December thru to Feb,
77-82 and I loved that and would love to do it again.
By looking at previous lows and judging how strong they were and trying to figure out what exactly happened at those spots (how was liquidity provided?). Plus I took into account the strength of the tops we've had and the movement down from 80.05.
  • #31,107
  • Jul 10, 2012 7:04pm Jul 10, 2012 7:04pm
Quoting eurgbpaud
Update on my short USDJPY position:
I took a short position at 79.438 from 08:10am NY time
I closed the position at 79.412 at 04:33pm NY time.
Expected a deeper fall but to no avail.
Now searching for the next trade.
too early to close mate



http://i.imgur.com/jDhwm.jpg
i took short at 79.40
first tp at 79.20
2nd TP 79.00
SL 79.50
  • #31,108
  • Jul 11, 2012 4:39am Jul 11, 2012 4:39am
Zappa and Nif90:

My signals allow for trading up to around 12 hours, otherwise I risk a counter-move. You both are correct; I closed early because as I write this (5:39am NY time) USDJPY is trading at 79.249
  • #31,109
  • Jul 11, 2012 7:00am Jul 11, 2012 7:00am
Quoting Nif90
too early to close mate



http://i.imgur.com/jDhwm.jpg
i took short at 79.40
first tp at 79.20
2nd TP 79.00
SL 79.50
took my profit at 79.22 area
Planning for my next entry
  • #31,110
  • Edited 9:35am Jul 11, 2012 9:20am | Edited 9:35am
http://www.fxstreet.com/news/forex-n...3-c5067f87afc9

I am curious to find out why the USD suddenly rallied to 79.5+

Shorted at 79.5
  • #31,111
  • Jul 11, 2012 9:37am Jul 11, 2012 9:37am
Quoting Mr.Kruger
http://www.fxstreet.com/news/forex-n...3-c5067f87afc9

I am curious to find out why the USD suddenly rallied to 79.5+

Shorted at 79.5
not only usd/jpy, but almost all /jpy crosses had a significant jump
BOJ intervention?? banks buying jpy crosses?

still no news
  • #31,112
  • Jul 11, 2012 9:38am Jul 11, 2012 9:38am
yen looks spike now but if boj fail to convince investor tomorow yen will be wild again..huhu
Bismillah
  • #31,113
  • Jul 11, 2012 9:43am Jul 11, 2012 9:43am
Good chance to short if not short already. Stop at 79.70 should be safe. I thought it might do this, but 79.70 should not be touched.
  • #31,114
  • Jul 11, 2012 9:59am Jul 11, 2012 9:59am
looks like it might as well reach 80....
  • #31,115
  • Jul 11, 2012 10:13am Jul 11, 2012 10:13am
Well, there goes 79.70.
  • #31,116
  • Jul 11, 2012 10:23am Jul 11, 2012 10:23am
Tried one more short from 72 with stop at 77.
  • #31,117
  • Jul 11, 2012 10:25am Jul 11, 2012 10:25am
Quoting Zappa
Tried one more short from 72 with stop at 77.
agree. no more up, thats for today, let's short all
  • #31,118
  • Jul 11, 2012 10:32am Jul 11, 2012 10:32am
i cannot remember the eur/usd falling 60 pips and same time eur/jpy rise up 60 pips! something BOJ doing
  • #31,119
  • Jul 11, 2012 10:34am Jul 11, 2012 10:34am
Quoting heraclitus
agree. no more up, thats for today, let's short all
Yeah, I should have known that .77 would be the spot and that .74 could be targeted for stop running. Oh well, as long as 77 holds I'll be cool.
  • #31,120
  • Jul 11, 2012 10:50am Jul 11, 2012 10:50am
Quoting Zappa
Yeah, I should have known that .77 would be the spot and that .74 could be targeted for stop running. Oh well, as long as 77 holds I'll be cool.
green pips for you today 1tip works for me (usually) on usd/jpy scalping, a second of eur/jpy going up or down and another second confirm the same direction on eur/usd open a same direction order on usd/jpy! but never in a day like today, when BOJ awake
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