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USD/JPY Discussion

  • #32,321
  • Dec 10, 2012 9:11am Dec 10, 2012 9:11am
Sweet trade waiting for my next target

http://i.imgur.com/Zq1pN.jpg
  • #32,322
  • Dec 10, 2012 9:41am Dec 10, 2012 9:41am
ADX MAGENTA PEAK AND GOT EXIT, RISK REWARD 1:2 ONLY


http://i.imgur.com/Yu8MW.jpg
  • #32,323
  • Dec 10, 2012 10:54am Dec 10, 2012 10:54am
Quoting brinks
That 82.70-83.00 area is tough its gonna take something big to get it through to 84.
Elections should do it. All these yen crosses seem to wanna stay propped up till then, all the down moves seem more like profit taking than short sellers building short positions...
It works till it doesn't
  • #32,324
  • Dec 10, 2012 9:37pm Dec 10, 2012 9:37pm
My EW count for UsdJpy . still in the 3rd wave
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  • #32,325
  • Dec 11, 2012 12:03am Dec 11, 2012 12:03am
Quoting grandaevus
My EW count for UsdJpy . still in the 3rd wave
What is the 4th wave going to in your opinion?
  • #32,326
  • Dec 11, 2012 12:32am Dec 11, 2012 12:32am
Quoting DaEdge
Elections should do it. All these yen crosses seem to wanna stay propped up till then, all the down moves seem more like profit taking than short sellers building short positions...

Hello DaEdge, this last days on UJ were soooo boring but I guess now is like a game of poker, where I have to hold on to my longs until the Elections so I can roundup my year-end profits. How are your trades going?


Cheers
  • #32,327
  • Dec 11, 2012 12:50am Dec 11, 2012 12:50am
Quoting MisterSpread
Hello DaEdge, this last days on UJ were soooo boring but I guess now is like a game of poker, where I have to hold on to my longs until the Elections so I can roundup my year-end profits. How are your trades going?


Cheers
Same here very boring market. I've added into a few of these on weakness a couple of times & took some pieces off on the bounces. Otherwise I'm just sitting tight I'm pretty far ahead of most of these positions tho because I have been scalping around my core positions. I plan to hold these into the elections maybe Ill take some pieces off ahead of time if we get some strong momentum to the upside. This is a complete test of patience, which I believe will pay off nicely in the long run. Hope all is well with your trading.
It works till it doesn't
  • #32,328
  • Dec 11, 2012 1:05am Dec 11, 2012 1:05am
Quoting gentlelove30
What is the 4th wave going to in your opinion?
market shows no signs for a retracement yet. but a downward movement starts from this level, minimum target would be 80.00 - 80.80
  • #32,329
  • Dec 11, 2012 2:04pm Dec 11, 2012 2:04pm
Evening guys, the candles broke Ichimoku again at $82.45 so I think we are going to see again an upper movement soon cheers !
  • #32,330
  • Dec 11, 2012 11:16pm Dec 11, 2012 11:16pm
Quoting MisterSpread
Evening guys, the candles broke Ichimoku again at $82.45 so I think we are going to see again an upper movement soon cheers !

And again Ichimoku doesn't lie +20 pips since that post
  • #32,331
  • Dec 11, 2012 11:27pm Dec 11, 2012 11:27pm
Quoting MisterSpread
And again Ichimoku doesn't lie +20 pips since that post
Hopefully 84.00 going into the elections.
It works till it doesn't
  • #32,332
  • Edited Dec 12, 2012 12:10am Dec 11, 2012 11:53pm | Edited Dec 12, 2012 12:10am
Ascending Top Flat , Bottom Rising . If it could break the trend line, 4th wave would begin.
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  • #32,333
  • Dec 12, 2012 2:37am Dec 12, 2012 2:37am
Quoting DaEdge
Hopefully 84.00 going into the elections.

This $83 is really hard to kill hopefully the bulls will overcome it with the help of fundamentals !
  • #32,334
  • Dec 12, 2012 2:48am Dec 12, 2012 2:48am
Quoting MisterSpread
This $83 is really hard to kill hopefully the bulls will overcome it with the help of fundamentals !
It's not to far off right now only 10 pips or so
It works till it doesn't
  • #32,335
  • Dec 12, 2012 2:48am Dec 12, 2012 2:48am
Quoting MisterSpread
This $83 is really hard to kill hopefully the bulls will overcome it with the help of fundamentals !
What are the expetations after the weekend elections?
ie what will happen Monday????

And 2ndly after the BoJ makes its speech on the 18th??
  • #32,336
  • Dec 12, 2012 3:03am Dec 12, 2012 3:03am
Quoting DaEdge
It's not to far off right now only 10 pips or so
Big Stops above 83 apparently.

Zac i think it depends on wheather ABE gets a majority or not
  • #32,337
  • Dec 12, 2012 3:16am Dec 12, 2012 3:16am
Quoting DaEdge
It's not to far off right now only 10 pips or so
How your longs doin man? I cant sleep im so happy haha
  • #32,338
  • Dec 12, 2012 3:21am Dec 12, 2012 3:21am
Quoting 4rextrader
How your longs doin man? I cant sleep im so happy haha

His longs are like mine, doing good ... I wonder where is that "pro trader" who said that in the middle of December USDJPY is going to be $75
  • #32,339
  • Dec 12, 2012 3:29am Dec 12, 2012 3:29am
Quoting MisterSpread
His longs are like mine, doing good ... I wonder where is that "pro trader" who said that in the middle of December USDJPY is going to be $75
Haha nice man...got a question, if the US does increase their assets purchase, what would happen to the yen crosses, like a/j,e/j,g/y and etc. I'm jus wondering because of whats going with the yen, what could be the outcome of these pairs.

Upward movement continuation?
  • #32,340
  • Dec 12, 2012 3:38am Dec 12, 2012 3:38am
Quoting brinks
Big Stops above 83 apparently.

Zac i think it depends on wheather ABE gets a majority or not


We could also very well be in the middle of a short squeeze in the yen crosses. These pairs have been in downtrend for over 10 years just look at the monthlies. Depending on the levels of the next couple of weekly closes there might be a lot more upside than most think regardless of who wins the elections.
It works till it doesn't
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