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USD/JPY Discussion

  • #32,121
  • Nov 29, 2012 7:53pm Nov 29, 2012 7:53pm
Quoting Compulsive
Looks like a potential explosion to the upside - still long from 81.850
Didn't get my entry on u/j but have been long e/j, a/j, n/j & c/j since Tuesday.
It works till it doesn't
  • #32,122
  • Nov 29, 2012 7:57pm Nov 29, 2012 7:57pm
Quoting DaEdge
Didn't get my entry on u/j but have been long e/j, a/j, n/j & c/j since Tuesday.
looks like is going to be a wild ride
Attached Image (click to enlarge)
Click to Enlarge Name: yen.jpg Size: 134 KB
  • #32,123
  • Nov 29, 2012 8:02pm Nov 29, 2012 8:02pm
Quoting Compulsive
looks like is going to be a wild ride
My play is on yen weakness so I generally decide what I want to risk then I split up amongst the pairs that are related to the play. I prefer trading it this way so I generally get the benefit of being is biggest mover it also is nice when collecting swap.
It works till it doesn't
  • #32,124
  • Nov 29, 2012 8:03pm Nov 29, 2012 8:03pm
Does someone know why the Yen is weakening so hard right now?
  • #32,125
  • Nov 29, 2012 8:04pm Nov 29, 2012 8:04pm
Quoting MorloX
Does someone know why the Yen is weakening so hard right now?
I don't trade the news, so I would not know
  • #32,126
  • Nov 29, 2012 8:05pm Nov 29, 2012 8:05pm
Quoting MorloX
Does someone know why the Yen is weakening so hard right now?
Not sure but they were supposed to be announcing Y 880B in stimulus today.
It works till it doesn't
  • #32,127
  • Nov 29, 2012 8:06pm Nov 29, 2012 8:06pm
Quoting DaEdge
Not sure but they were supposed to be announcing Y 880B in stimulus today.
it did get approve and that was announced at 1955 ET
  • #32,128
  • Nov 29, 2012 8:31pm Nov 29, 2012 8:31pm
Quoting Compulsive
it did get approve and that was announced at 1955 ET
im half in, it looks like its clean to climb until 107,68.
  • #32,129
  • Nov 29, 2012 8:35pm Nov 29, 2012 8:35pm
USD/JPY hit 82.54, now resting at 82.47
  • #32,130
  • Nov 29, 2012 8:37pm Nov 29, 2012 8:37pm
Quoting MorloX
im half in, it looks like its clean to climb until 107,68.
I think a lot further than that but I trade longer term
It works till it doesn't
  • #32,131
  • Nov 29, 2012 8:40pm Nov 29, 2012 8:40pm
Quoting DaEdge
I think a lot further than that but I trade longer term
It is down to the personal preferences, I am happy with a handful of pips here and there, every now and then

Edit: Sorry, you weren't talking to me
  • #32,132
  • Nov 29, 2012 8:41pm Nov 29, 2012 8:41pm
Quoting DaEdge
I think a lot further than that but I trade longer term
I agree, but im undercapitalized. Where are your stops at?
  • #32,133
  • Nov 29, 2012 8:41pm Nov 29, 2012 8:41pm
Quoting moneyholic
It is down to the personal preferences, I am happy with a handful of pips here and there, every now and then
Couldn't agree more whatever works & suits your personality the best is what you should stick with.
It works till it doesn't
  • #32,134
  • Nov 29, 2012 11:09pm Nov 29, 2012 11:09pm
Quoting DaEdge
Not sure but they were supposed to be announcing Y 880B in stimulus today.

Good morning, beside the stimulus this is also why :


01:15 JPY Low Manufacturing PMI 46.5 46.9
01:30 JPY Medium Unemployment Rate 4.2% 4.2% 4.2%
01:30 JPY Medium Tokyo Core CPI (YoY) -0.5% -0.4% -0.4%
01:30 JPY Low National Core CPI (YoY) 0.0% -0.1% -0.1%
01:30 JPY Low Household Spending (YoY) -0.1% -0.9% -0.9%
01:50 JPY Medium Industrial Production (MoM) [Preliminary Release] 1.8% -2.2% -4.1%
  • #32,135
  • Nov 30, 2012 12:59am Nov 30, 2012 12:59am
Can't wait for Europe to open and start trading USDJPY
  • #32,136
  • Nov 30, 2012 1:07am Nov 30, 2012 1:07am
Bull flag is broken to the upside.

The theory says that the continuing move will be the length of the flag pole which is around 350 pips which takes it to around 85.70.

Is this correct?

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy2.jpg Size: 66 KB
  • #32,137
  • Nov 30, 2012 1:14am Nov 30, 2012 1:14am
Quoting brinks
Bull flag is broken to the upside.

The theory says that the continuing move will be the length of the flag pole which is around 350 pips which takes it to around 85.70.

Is this correct?

Attachment
Nothing is set in stone my friend. I could definitely see 86.00 it's just a matter of how long it takes to get there. Depending on how many entries you have it wouldn't hurt to go up to a weekly chart & set profit targets a little below each solid resistance area you see.
It works till it doesn't
  • #32,138
  • Nov 30, 2012 1:16am Nov 30, 2012 1:16am
Quoting brinks
Bull flag is broken to the upside.

The theory says that the continuing move will be the length of the flag pole which is around 350 pips which takes it to around 85.70.

Is this correct?

Attachment
Good chart, but I'm a bit afraid of the 3ple top on H1, it needs to stay above $82.50 and confirm in my opinion
  • #32,139
  • Nov 30, 2012 1:17am Nov 30, 2012 1:17am
Quoting DaEdge
Nothing is set in stone my friend. I could definitely see 86.00 it's just a matter of how long it takes to get there. Depending on how many entries you have it wouldn't hurt to go up to a weekly chart & set profit targets a little below each solid resistance area you see.
Yes thanks

I meant the theory behind the flag pole and the next move as i cant remember what its supposed to be.

Forelive saying dollar demand against yen for month end
  • #32,140
  • Nov 30, 2012 1:27am Nov 30, 2012 1:27am
On H4 you'll see that the candle breaks the Kumo at $82.190 a very bullish sing, but as I stated a few posts before it needs to stay above $82.50 I think that will happen when London opens , cheers and green pips to everyone !
Attached Image (click to enlarge)
Click to Enlarge Name: Kumo break 30.11.2012.jpg Size: 358 KB
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