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USD/JPY Discussion

  • #31,761
  • Edited 5:07pm Oct 17, 2012 3:03pm | Edited 5:07pm
79.00 still holding but it was corsed without any biger problem, also waiting for 79.12-79.20 resistance, we will see how strong it is now. Anyway nice volumen on rising from 78.60.


Daily and 4h closure above 79.00, looking nice
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  • #31,762
  • Oct 17, 2012 7:07pm Oct 17, 2012 7:07pm
I have either gone completely mad... or... I have sold 1 lot... with a target of 76.70
  • #31,763
  • Oct 17, 2012 9:50pm Oct 17, 2012 9:50pm
Quoting Trader221
I have either gone completely mad... or... I have sold 1 lot... with a target of 76.70
Wow, whats your SL on this?

I think this baby is going back up for a retest for 80.50/60 levels.
  • #31,764
  • Oct 17, 2012 10:42pm Oct 17, 2012 10:42pm
Quoting Trader221
I have either gone completely mad... or... I have sold 1 lot... with a target of 76.70
From a technical perspective, I fully agree with your direction and destination - as long as 79.22 is not breached
  • #31,765
  • Oct 17, 2012 10:48pm Oct 17, 2012 10:48pm
Quoting crazy1here
Wow, whats your SL on this?

I think this baby is going back up for a retest for 80.50/60 levels.
SL is 79.30... I am not that crazy
  • #31,766
  • Edited 6:17am Oct 18, 2012 4:35am | Edited 6:17am
79.20 taken without bigger problems, yen index is falling, yet dollar is weakening, that is why the growth isn't as big as in other yen pairs.

and 79.30 taken, next stop should be around 79.60!
  • #31,767
  • Oct 18, 2012 11:06am Oct 18, 2012 11:06am
Quoting crazy1here
Wow, whats your SL on this?

I think this baby is going back up for a retest for 80.50/60 levels.
Agree. Won't be easy to top that, but a daily close above 79 is good enough for me.
  • #31,768
  • Edited 12:59pm Oct 18, 2012 11:47am | Edited 12:59pm
All bad news today maybe some consolidation with downside bias?

A horrible daily candle though.

Infact this pair takes a week to make a 100 pip move up but a few hours to lose it all so i wouldnt be surprised if that is what it does.
  • #31,769
  • Oct 18, 2012 12:59pm Oct 18, 2012 12:59pm
Quoting brinks
All bad news today maybe some consolidation with downside bias?

A horrible daily candle though.
Day haven't ended yet, and still we are on daily is consolidation phase from June, so it is hard to tak about candle formation like this falling star forming, because it isn't at the top of a trend (ar part of a trend move). on 1h/4h U/J was overbought is micro short term, probably correction from that. Have to wait for the definite close, hope it will be above 79.20.
  • #31,770
  • Oct 18, 2012 1:02pm Oct 18, 2012 1:02pm
Quoting Haqu
Day haven't ended yet, and still we are on daily is consolidation phase from June, so it is hard to tak about candle formation like this falling star forming, because it isn't at the top of a trend (ar part of a trend move). on 1h/4h U/J was overbought is micro short term, probably correction from that. Have to wait for the definite close, hope it will be above 79.20.
Hi Haqu hows the studies?

I know the day hasnt finished but i dont see it closing above 79.20
  • #31,771
  • Oct 18, 2012 1:33pm Oct 18, 2012 1:33pm
Quoting brinks
Hi Haqu hows the studies?

I know the day hasnt finished but i dont see it closing above 79.20
Hi there, thanks for asking, actualy good, though long day of computer sience behind me and i am a bit tired But still hoping for closure above 20

Still manage to close today on ralies half of my longs, will reopen them lower (if we get there) or above 79.60
  • #31,772
  • Edited 2:08pm Oct 18, 2012 1:44pm | Edited 2:08pm
Quoting Haqu
Hi there, thanks for asking, actualy good, though long day of computer sience behind me and i am a bit tired But still hoping for closure above 20

Still manage to close today on ralies half of my longs, will reopen them lower (if we get there) or above 79.60
That's good I offloaded a few as well as you say I will look to open again if we go lower or on a break up.

But yes I hope we have a higher close than at the moment.

Of course i could be wrong !!!
  • #31,773
  • Oct 18, 2012 5:53pm Oct 18, 2012 5:53pm
Quoting brinks
That's good I offloaded a few as well as you say I will look to open again if we go lower or on a break up.

But yes I hope we have a higher close than at the moment.

Of course i could be wrong !!!
My hopes hae become true, we closed above 79.20, so the daily candle doesn't look so bad anymore Now at 79.30, new hope to see test of 79.60 this week Good luck mate!
  • #31,774
  • Oct 18, 2012 7:19pm Oct 18, 2012 7:19pm
currently long holding for about a 20 pip t/p at about 79.50
  • #31,775
  • Oct 19, 2012 2:21am Oct 19, 2012 2:21am
Quoting Haqu
My hopes hae become true, we closed above 79.20, so the daily candle doesn't look so bad anymore Now at 79.30, new hope to see test of 79.60 this week Good luck mate!
Thanks good luck to you also.

Everyone has got there eye on 50% fib of the move down from 84.17 at 80.64 as a profit take area am i right?
  • #31,776
  • Oct 19, 2012 9:10am Oct 19, 2012 9:10am
Quoting brinks
Thanks good luck to you also.

Everyone has got there eye on 50% fib of the move down from 84.17 at 80.64 as a profit take area am i right?
Well I will be setting an entry order there to sell, but I wont be closing my long from 78.10. Gonna ride that and see how far it goes.
  • #31,777
  • Oct 19, 2012 10:11am Oct 19, 2012 10:11am
Quoting crazy1here
Well I will be setting an entry order there to sell, but I wont be closing my long from 78.10. Gonna ride that and see how far it goes.

Thanks it's always the weakest part of my trading,letting the winners run.
  • #31,778
  • Oct 19, 2012 3:04pm Oct 19, 2012 3:04pm
Good to see she aint relinquishing the 79.20 area. Testing a few times and held well. Good sign for the bulls id say.
  • #31,779
  • Edited 5:07am Oct 21, 2012 4:46am | Edited 5:07am
Hi has anybody got any info on the japanese trade balance any ideas on if it will come in line with expectations and how it will affect the pair?

from what i can see on fx street consensus is for -570.1B Yen from -754B Yen last month so that should be yen positive.
  • #31,780
  • Oct 21, 2012 2:43pm Oct 21, 2012 2:43pm
Quoting brinks
Hi has anybody got any info on the japanese trade balance any ideas on if it will come in line with expectations and how it will affect the pair?

from what i can see on fx street consensus is for -570.1B Yen from -754B Yen last month so that should be yen positive.
No idea how it will come, but even if it will come as/or better than consensus, it is very, very bad data, so shouldn't be that much positive on yen. 9 day from BOJ meeting quater end in Japan, this should be more important and deciding.
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