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USD/JPY Discussion 12 replies

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USD/JPY Discussion

  • #32,021
  • Nov 21, 2012 10:18am Nov 21, 2012 10:18am
Quoting Orly
And by the way, I said I completely agree with you long-term. Just not rightnow...
You can go against the trend as long as u have stoploss otherwise gl blowing up your account.
  • #32,022
  • Nov 21, 2012 10:19am Nov 21, 2012 10:19am
Quoting sidhujag
First of all nothign will go straight up or down but you always play with sentiment that is your edge... you never trade just because you think its DUE for a retrace... you will fail miserably. You need an edge and although an edge may be an OS or OB condition chances are you will get burned see 2008 crash.

The japanese economy is halted pretty much after the earthquake there is simply not much more it can get worsed.. since market is fwd looking question you have to ask yourself is... how much worsed can it get?

They just introduced new stimulis...
agreed!.
  • #32,023
  • Nov 21, 2012 12:01pm Nov 21, 2012 12:01pm
Something else to consider that is driving the usjyen higher; traders "unwinding" positions for year end. Shorting the UJ was a majr position on banks and institutional books and profit taking or going flat will cause an increase in the usdjpy. Combine what is comming out of Abe's mouth and the Dec 16th election and there really isnt a single reason to be short the UJ on a medium to long term horizon.
  • #32,024
  • Nov 21, 2012 12:06pm Nov 21, 2012 12:06pm
http://screencast.com/t/TqOHgQfmHYIe

My entry today on the USDJPY stop already to break even lets see where it goes
  • #32,025
  • Edited 1:43pm Nov 21, 2012 12:20pm | Edited 1:43pm
Quoting MisterSpread
$82.50 Ching Ching lunch money ! Maaan I am so lucky
Why lucky? You wrote that you closed all your possitions on 81.20, and would go long(a perfect place) at 80.70, which wasn't hit. So i would call it unlucky, over 100 pips closure too fast :> I am unfortunatly enjoying vacations in Barcelona(great city) and don't have enough time to trade, but after coming back, some nice setup is forming for reentering long

Edit. Ashhhh that sarcastic emot, don't know them really
  • #32,026
  • Nov 21, 2012 3:10pm Nov 21, 2012 3:10pm
Quoting Robot
You can go against the trend as long as u have stoploss otherwise gl blowing up your account.
He probably already did lol
  • #32,027
  • Nov 21, 2012 3:10pm Nov 21, 2012 3:10pm
Quoting Mike Haran
http://screencast.com/t/TqOHgQfmHYIe

My entry today on the USDJPY stop already to break even lets see where it goes
Looks like your out!
  • #32,028
  • Nov 21, 2012 3:15pm Nov 21, 2012 3:15pm
Remember what happened to the EUR/USD in 2006 during Thanksgiving. Something strange may happen this week as well. I'm adding to longs on a buy stop about 20 pips north of where we are now with a tight stop, just in case.
  • #32,029
  • Nov 22, 2012 12:36am Nov 22, 2012 12:36am
Quoting Haqu
Why lucky? You wrote that you closed all your possitions on 81.20, and would go long(a perfect place) at 80.70, which wasn't hit. So i would call it unlucky, over 100 pips closure too fast :> I am unfortunatly enjoying vacations in Barcelona(great city) and don't have enough time to trade, but after coming back, some nice setup is forming for reentering long

Edit. Ashhhh that sarcastic emot, don't know them really

Read a little bit more carefully , I said that I closed the positions and was waiting for the 80.70 but of course that I went with the tide since 81.25 after I saw it was stabilizing , I'm a wired mix of a safebunny + madtrader, in my opinion is better to pinch 3 times per day 30 pips than to wait a move of 100, but maybe I'm wrong and don't master yet that feeling completely, although I learned that after you have some profit is better to close and to wait for the next move instead of being greedy and wait for the big one.

P.S: Here is something cool for you http://www.timeout.com/barcelona/fea...o-in-barcelona D:
  • #32,030
  • Nov 22, 2012 4:37am Nov 22, 2012 4:37am
$84 looks nice from here but I think is going to be sooner than February like I said in some previous post , you can still go long imo
  • #32,031
  • Nov 22, 2012 7:28am Nov 22, 2012 7:28am
Quoting sidhujag
Looks like your out!

Thats right Jag, no loss on the trade and the entry was good. There were 25 pips to be had on the trade but thats not the top I want.
  • #32,032
  • Nov 22, 2012 7:33am Nov 22, 2012 7:33am
Quoting MisterSpread
$84 looks nice from here but I think is going to be sooner than February like I said in some previous post , you can still go long imo
It will be before Elections..
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #32,033
  • Nov 22, 2012 7:46am Nov 22, 2012 7:46am
Quoting aviz12
It will be before Elections..
Agree
  • #32,034
  • Nov 22, 2012 4:39pm Nov 22, 2012 4:39pm
S/R forming at 82.45...
  • #32,035
  • Nov 23, 2012 3:24am Nov 23, 2012 3:24am
Quoting moneyholic
S/R forming at 82.45...
- Can you please post a chart support what you say?

- GL.
  • #32,036
  • Nov 23, 2012 3:33am Nov 23, 2012 3:33am
- Why U/J is dropping?

- May be the same scenario happened in last February, will repeat itself gain.(please look at the charts)

- Any ideas about why Yen is gaining are welcomed.

- Have a great weekend all.

- Cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UJ H1.png Size: 41 KB
Click to Enlarge Name: UJ M15.png Size: 16 KB
  • #32,037
  • Nov 23, 2012 1:14pm Nov 23, 2012 1:14pm
Quoting Ziko9o8
- Can you please post a chart support what you say?

- GL.
that was for a short time yesterday, you can check it by yourself on a 5M timeframe
what is GL?
  • #32,038
  • Nov 23, 2012 2:24pm Nov 23, 2012 2:24pm
Quoting moneyholic
that was for a short time yesterday, you can check it by yourself on a 5M timeframe
what is GL?
- Thanks. GL. = Good Luck.

- Cheers.
  • #32,039
  • Nov 23, 2012 3:20pm Nov 23, 2012 3:20pm
Quoting Ziko9o8
- Thanks. GL. = Good Luck.

- Cheers.
o yeah, a lot of GL is something that is much needed while playing forex, as much as all these technical skills we try to master
GL to you too
  • #32,040
  • Nov 26, 2012 11:13am Nov 26, 2012 11:13am
- A break of 61.8 fibo level on daily chart will bring a sell off.

- Cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UJ Daily.png Size: 28 KB
Click to Enlarge Name: UJj H1.png Size: 42 KB
Click to Enlarge Name: UJ M15.png Size: 26 KB
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