USD/JPY Discussion | Page 1613 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #32,241
  • Dec 4, 2012 1:56am Dec 4, 2012 1:56am
Quoting MisterSpread
I know that is going to be bumpy, it has to be, because otherwise all the n0bs will stay in the same boat with the ones who know how to handle the longs and in trading also someone has to lose in order for others to win.
I just noticed that what is happening now is an accumulation like the one from 27th Nov to 29th when it started the upswing from $81.70 to $82.75, if my chart is correct in a few days we should see the USDJPY from that bottom at $81.95 to a new high for this period of $82.85 at least .

Correct me if I'm wrong but I'm looking...
I don't know Ichimoku at all but from looking at the daily I see accumulation/consolidation (125 pip range) for the last 8 days. The move up started roughly around 79.00 & stopped roughly at 83.00. The path of least resistance definitely seems to be to the upside. I'm watching 83.50 as a first target & 84.50 as a second target. Wish I could post a chart but I'm having a problem with the program that I do that wish.
It works till it doesn't
  • #32,242
  • Dec 4, 2012 4:18am Dec 4, 2012 4:18am
RD in the favor of the longer trend. Buy @ 82, SL:81.5, TP::82.70
Attached Image (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 108 KB
Making pips is easy, holding 'em is hard - Pipsopolis
  • #32,243
  • Dec 4, 2012 7:30am Dec 4, 2012 7:30am
I can't wait for this double bottom to take shape at $81.85
  • #32,244
  • Dec 4, 2012 7:34am Dec 4, 2012 7:34am
Getting closer to my level at 81.73. I would rather like long target up to 84.13. However I prefer to wait for PA confirmation. Break below 81.73 may drop to next support level at 80.43. Lets see
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 15 KB
  • #32,245
  • Edited 7:51am Dec 4, 2012 7:38am | Edited 7:51am
Quoting MisterSpread
I can't wait for this double bottom to take shape at $81.85

I dont think it will i reckon its going lower.

I think a nasty squeeze is coming.
  • #32,246
  • Dec 4, 2012 7:42am Dec 4, 2012 7:42am
Quoting MisterSpread
I can't wait for this double bottom to take shape at $81.85

SHORT OR LONG?
  • #32,247
  • Dec 4, 2012 7:50am Dec 4, 2012 7:50am
Quoting MisterSpread
I can't wait for this double bottom to take shape at $81.85
It passed it oh well next move
  • #32,248
  • Dec 4, 2012 9:58am Dec 4, 2012 9:58am
No real bounces to speak of this is going to 80.70 i think
  • #32,249
  • Edited 12:08pm Dec 4, 2012 11:53am | Edited 12:08pm
Went long at 81.72, target is 84.40, SL is 80.40. We will see how it will work.

Reason? USD index is getting near support, jpy index still have place to fall before major support, and U/J is still bullish. And mostly because i am bored, and need some action :>
  • #32,250
  • Dec 4, 2012 12:05pm Dec 4, 2012 12:05pm
Quoting Haqu
Went long at 81.72, target is 84.40, SL is 80.40. We will see how it will work.
Good Haqu , I missed that beep down when it hit the lows from 28th November but I have an entry not too far at $82.85 so I can't complain .

How are my other long going brothers? brinks did you opened something ? DaEdge? moneyholic ?
  • #32,251
  • Dec 4, 2012 12:14pm Dec 4, 2012 12:14pm
Quoting MisterSpread
Good Haqu , I missed that beep down when it hit the lows from 28th November but I have an entry not too far at $82.85 so I can't complain .

How are my other long going brothers? brinks did you opened something ? DaEdge? moneyholic ?
I just bought some more myself down here.
It works till it doesn't
  • #32,252
  • Dec 4, 2012 12:17pm Dec 4, 2012 12:17pm
Quoting DaEdge
I just bought some more myself down here.
You naughty shark I knew that you were here ^^ , cheers
  • #32,253
  • Dec 4, 2012 12:20pm Dec 4, 2012 12:20pm
Quoting MisterSpread
Good Haqu , I missed that beep down when it hit the lows from 28th November but I have an entry not too far at $82.85 so I can't complain .

How are my other long going brothers? brinks did you opened something ? DaEdge? moneyholic ?

I have small trades on at 82.00 and just opened another small.
Not keen on it at the moment I know it hasn't broken down but I'm a bit nervous for now I would like to add more at 81.00
  • #32,254
  • Dec 4, 2012 12:24pm Dec 4, 2012 12:24pm
Quoting brinks
I have small trades on at 82.00 and just opened another small.
Not keen on it at the moment I know it hasn't broken down but I'm a bit nervous for now I would like to add more at 81.00
You also have that feeling in your guts? ))) I swear that I'm 100% with you at this one, I wanted to open another one at $81.80 and I could have did that because my mlevel is at 900% but I don't feel it
  • #32,255
  • Dec 4, 2012 12:29pm Dec 4, 2012 12:29pm
Always go with your gut, there will always be another opportunity to enter. The worst thing you could do is force a trade that you have to manage when your not comfortable with it, it will really put your head out of the game.
It works till it doesn't
  • #32,256
  • Dec 4, 2012 12:29pm Dec 4, 2012 12:29pm
Quoting MisterSpread
You also have that feeling in your guts? ))) I swear that I'm 100% with you at this one, I wanted to open another one at $81.80 and I could have did that because my mlevel is at 900% but I don't feel it

Im Still bullish but not here
  • #32,257
  • Dec 4, 2012 12:33pm Dec 4, 2012 12:33pm
Quoting brinks
Im Still bullish but not here
I alway nibble in different areas small piece here small piece there till I get size I'm comfortable with. Lower leverage wider stops = larger profit targets & building positions it what works for me & what I'm comfortable with.
It works till it doesn't
  • #32,258
  • Dec 4, 2012 12:46pm Dec 4, 2012 12:46pm
I think I'm going to go long here as well....great risk to reward ratio despite only relying on the s/r zone holding. Keep a tight stoploss and it should be fine in terms of risk.
  • #32,259
  • Dec 4, 2012 12:48pm Dec 4, 2012 12:48pm
Quoting Kanzler
I think I'm going to go long here as well....great risk to reward ratio despite only relying on the s/r zone holding. Keep a tight stoploss and it should be fine in terms of risk.
This looks like a beautiful multi day consolidation pattern to me on the dailys. Whether it breaks to the upside or downside only time will tell but R:R is definitely there for a move to the upside.
It works till it doesn't
  • #32,260
  • Dec 4, 2012 12:51pm Dec 4, 2012 12:51pm
Quoting DaEdge
This looks like a beautiful multi day consolidation pattern to me on the dailys. Whether it breaks to the upside or downside only time will tell but R:R is definitely there for a move to the upside.
My target is fairly modest, not really looking to get a breakout just a bounce back to the resistance zone at the top of the range. Even with that, my ratio is around 8. Can't beat that with a stick!
21 traders viewing now