USD/JPY Discussion | Page 1618 | 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

  • #32,341
  • Dec 12, 2012 3:43am Dec 12, 2012 3:43am
Quoting 4rextrader
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?

Be cautious, don't trade with high volumes, have enough margin to take whatever the market can throw at your trades .
I'm not as good as the charts as I'm on fundamentals and in the last days I was looking at what happens with EJ UJ, and although all the indicators were bad in Japan someone kept this pairs in decent levels, so with this said I think that even if FED announces a big round of QE, the UJ will look more to what is happening in the Sunshine Country
  • #32,342
  • Dec 12, 2012 3:44am Dec 12, 2012 3:44am
Quoting DaEdge


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.
I agree but the election could offer a nice dip to get in long with bigger position than i'am at the moment.

And this months close will be very important from a technical point.
  • #32,343
  • Dec 12, 2012 3:49am Dec 12, 2012 3:49am
83 need to break first then we talk about the rest 83 is one stubborn wall to break though
  • #32,344
  • Dec 12, 2012 3:59am Dec 12, 2012 3:59am
From looking at all US pairs, they all have weakened except u/j...
  • #32,345
  • Dec 12, 2012 7:24am Dec 12, 2012 7:24am
Quoting 4rextrader
From looking at all US pairs, they all have weakened except u/j...
Told you earlier bro, someone is keeping the JPY pairs in some limits until the elections mark my words
  • #32,346
  • Dec 12, 2012 7:40am Dec 12, 2012 7:40am
Quoting MisterSpread
Told you earlier bro, someone is keeping the JPY pairs in some limits until the elections mark my words
Lol ok bro thanks. I'm jus deliberating whether or not to keep my longs open on my yen crosses
  • #32,347
  • Dec 12, 2012 8:51am Dec 12, 2012 8:51am
Hope everyone doing great. Missed few longs. Now, high probability reach 83.8X - 84.3X area prior to end of December. Patiently waiting for a retracement to go long. Hope you guys got some long trades.Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: eur2.gif Size: 30 KB
  • #32,348
  • Dec 12, 2012 10:06am Dec 12, 2012 10:06am
Quoting brinks
I agree but the election could offer a nice dip to get in long with bigger position than i'am at the moment.

And this months close will be very important from a technical point.
Couldn't agree more nothing goes straight up or down. These next couple of weeks are going to provide great clues as to the direction of these yen crosses for the next couple of months.
It works till it doesn't
  • #32,349
  • Dec 12, 2012 10:11am Dec 12, 2012 10:11am
Quoting 4rextrader
How your longs doin man? I cant sleep im so happy haha
Same here. The last couple of weeks have been a true test of patience. These next 2 weeks or so will provide some very important clues as to which direction we can expect in the near future.
It works till it doesn't
  • #32,350
  • Dec 12, 2012 10:24am Dec 12, 2012 10:24am
Quoting FxLapozi
83 need to break first then we talk about the rest 83 is one stubborn wall to break though
83 is out of the way. Congrats to all the longs that stayed strong & held on thru this tough tape.
It works till it doesn't
  • #32,351
  • Dec 12, 2012 10:29am Dec 12, 2012 10:29am
Quoting DaEdge
Same here. The last couple of weeks have been a true test of patience. These next 2 weeks or so will provide some very important clues as to which direction we can expect in the near future.
Im glad for you guys, I went long on the yen since 78, but I could wait for the upward trend. The past few week were very confusing and I was affraid that the Yen would not move upward .

But Im glad to ear that some people had the gut to stay and that pair. Keep up the good work guys
I will become the World's best at my own style
  • #32,352
  • Dec 12, 2012 10:33am Dec 12, 2012 10:33am
Quoting Celente
Im glad for you guys, I went long on the yen since 78, but I could wait for the upward trend. The past few week were very confusing and I was affraid that the Yen would not move upward .

But Im glad to ear that some people had the gut to stay and that pair. Keep up the good work guys
Way to stick with it. Great entry. 83 now out of the way that's was an important 1. Next stop 84.50 hopefully in the next couple of days. Do you have any longer term targets or is this position an investment your looking to hold to.
It works till it doesn't
  • #32,353
  • Dec 12, 2012 10:35am Dec 12, 2012 10:35am
Quoting DaEdge
Way to stick with it. Great entry. 83 now out of the way that's was an important 1. Next stop 84.50 hopefully in the next couple of days. Do you have any longer term targets or is this position an investment your looking to hold to.

Me personally DaEdge i'am looking to add to my long on dips.
and will be looking to hold for a while.
  • #32,354
  • Dec 12, 2012 10:44am Dec 12, 2012 10:44am
Quoting brinks
Me personally DaEdge i'am looking to add to my long on dips.
and will be looking to hold for a while.
I'm thinking the same thing which is what I have been doing for the last week or so. Depending on FOMC outcome I may book 50% of my trades profits & look to get aggressively long on the first sign of weakness.
It works till it doesn't
  • #32,355
  • Dec 12, 2012 10:44am Dec 12, 2012 10:44am
selling usd/jpy at 83.16 ...... risk 1.5% profit 3% or 150-200 pips
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.JPG Size: 57 KB
  • #32,356
  • Dec 12, 2012 10:47am Dec 12, 2012 10:47am
Quoting DaEdge
I'm thinking the same thing which is what I have been doing for the last week or so. Depending on FOMC outcome I may book 50% of my trades profits & look to get aggressively long on the first sign of weakness.
I have been in and out since 78 and yes would be nice to have bit of weakness for better entries
  • #32,357
  • Dec 12, 2012 10:51am Dec 12, 2012 10:51am
Quoting brinks
I have been in and out since 78 and yes would be nice to have bit of weakness for better entries
It works till it doesn't
  • #32,358
  • Dec 12, 2012 10:58am Dec 12, 2012 10:58am
Quoting DaEdge
Way to stick with it. Great entry. 83 now out of the way that's was an important 1. Next stop 84.50 hopefully in the next couple of days. Do you have any longer term targets or is this position an investment your looking to hold to.
I am actually aiming for above 100 in the very long term, but I dont want to enter now, who knows how the fiscall cliff will end
I will become the World's best at my own style
  • #32,359
  • Dec 12, 2012 11:03am Dec 12, 2012 11:03am
EW count for UsdJpy . Market is in 5th wave of the major 3rd wave. After this last leg , 4th wave would begin.
Attached Image (click to enlarge)
Click to Enlarge Name: current.jpg Size: 62 KB
  • #32,360
  • Dec 12, 2012 11:06am Dec 12, 2012 11:06am
Hello my long going friends? :d Maaaaaaaaaaaaaaaaan I'm so lucky right? :O Again where is that fellow who said about my pot of gold in December cause I want to show it to him , I have 1 message to him: Buddy is winter in most parts of the world so the SHORTS don't suite you good ;D.

Cheers to brinks,DaEdge,robertFX,Zac and moneyhoolic for going on my same feeling and backing me up when i didn't had the patience to wait in the boring days of USDJPY.


Regards,
VladG
126 traders viewing now