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USD/JPY Discussion

  • #33,041
  • Feb 27, 2013 2:29pm Feb 27, 2013 2:29pm
Quoting Fx3423454
I am not sure why you would wait for the monthly chart to show you a correction?

It works from the bottom to the top on this.

The weekly is now close to showing a total reversal.
We might see EURJPY go all the way back to 107.

We have textbook descending triangles formed on every JPY pair and you're buying?

By Friday March 1st that floor is going to crack and we're headed down... down... down...

IMO

Still headed down on march 1st? Don't talk down my analysis, it's how I see things ..
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  • #33,042
  • Feb 27, 2013 2:30pm Feb 27, 2013 2:30pm
Quoting Fx3423454
I am not sure why you would wait for the monthly chart to show you a correction?

It works from the bottom to the top on this.

The weekly is now close to showing a total reversal.
We might see EURJPY go all the way back to 107.

We have textbook descending triangles formed on every JPY pair and you're buying?

By Friday March 1st that floor is going to crack and we're headed down... down... down...

IMO

Every time you see some "triangle shape" or "flag" I see it as bullshit, and while you wait for your "confirmation" it's too late. And if I am wrong I will gladly admit it, my profits are secured.
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  • #33,043
  • Feb 27, 2013 3:01pm Feb 27, 2013 3:01pm
http://www.cnbc.com/id/100502333
  • #33,044
  • Feb 27, 2013 3:04pm Feb 27, 2013 3:04pm
Quoting Mad Russian
http://www.cnbc.com/id/100502333

Follow big money...

Kathy knows her shit.
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  • #33,045
  • Feb 27, 2013 4:02pm Feb 27, 2013 4:02pm
Closed above 92.20...92.207, I was just hoping for anything above the 92 handle
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  • #33,046
  • Feb 27, 2013 10:17pm Feb 27, 2013 10:17pm
Entry order buy @ 92.71

-Daily high of 92.658
-Tenkan: 92.662
-Kijun: 92.662

Attached Image (click to enlarge)
Click to Enlarge Name: 13-02-27_23-11-47_USDJPY.gif Size: 17 KB
  • #33,047
  • Feb 28, 2013 6:07am Feb 28, 2013 6:07am
tryng to scalp from this pair...setting long at a few position....hope it's all good
  • #33,048
  • Mar 1, 2013 9:27am Mar 1, 2013 9:27am
Quoting BobGnarly
Been adding longs on UJ ,avg price of 91.22, Targeting 98 and then 100... This is purely based on monthly charts, don't care about the noise in between. Dollar should be 120 against the pos yen...

Holding this fooker until 100...
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  • #33,049
  • Mar 1, 2013 9:49am Mar 1, 2013 9:49am
i booked my profit , but i was thinking about you today , when bought at at pivot
Quoting BobGnarly
Holding this fooker until 100...
  • #33,050
  • Mar 1, 2013 10:04am Mar 1, 2013 10:04am
Quoting Mad Russian
i booked my profit , but i was thinking about you today , when bought at at pivot
Nice bro! And yea I picked a good spot haha.. Im a longer term trader so I will at least see how this month plays out
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  • #33,051
  • Mar 1, 2013 10:05am Mar 1, 2013 10:05am
Quoting BobGnarly
Holding this fooker until 100...
I agree with you (loaded bellow 93) and I'm very bullish about JPY crosses, specially this one but I have only one doubt about 100 : if USD starts to weaken, would that cause weakening UJ also ? I started to trade JPY 3 weeks ago so I'm not very experienced although UJ is my first love at fx but I left it long time ago. Anyway I see huge potential here, DXY the only doubt ( I expect eurusd rising).
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #33,052
  • Mar 1, 2013 10:58am Mar 1, 2013 10:58am
Quoting bikov
I agree with you (loaded bellow 93) and I'm very bullish about JPY crosses, specially this one but I have only one doubt about 100 : if USD starts to weaken, would that cause weakening UJ also ? I started to trade JPY 3 weeks ago so I'm not very experienced although UJ is my first love at fx but I left it long time ago. Anyway I see huge potential here, DXY the only doubt ( I expect eurusd rising).
I am not worried about usd at all, yen is screwed and it needs to be for awhile until the
Economy starts picking up for them. I am really looking forward to bens speech tonight, if he mentions even slowing down QE we may see a gap up to 94.50 come sunday.

Just some of my views, always trade your own views. But hope it helps you a little .
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  • #33,053
  • Mar 1, 2013 10:58am Mar 1, 2013 10:58am
On date Feb 25th, USDJPY has a huge shakeout. this is confirmed by the rally after that day. Therefore USDJPY is expected to hit higher price.
- Just a passerby -
Read the entire market, money is made on the main trend not the fluctuation
  • #33,054
  • Mar 1, 2013 11:12am Mar 1, 2013 11:12am
Quoting BobGnarly
I am not worried about usd at all, yen is screwed and it needs to be for awhile until the
Economy starts picking up for them. I am really looking forward to bens speech tonight, if he mentions even slowing down QE we may see a gap up to 94.50 come sunday.

Just some of my views, always trade your own views. But hope it helps you a little .
You're right about screwed yen, but strong USD is not on Ben's agenda also I think. Nevermind, thanks for the answer, I'll keep my GJ & UJ longs, on monthly chart UJ is still bullish, together with S&P500 above 1500 which is another bullish indicator for me. This bull run at JPY pairs reminds me of the gold run which lasted several years. If this is the same case, than this is only first round of UJ (GJ) bull run. Soon we'll know.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #33,055
  • Mar 1, 2013 11:16am Mar 1, 2013 11:16am
Quoting Kofmaster
On date Feb 25th, USDJPY has a huge shakeout. this is confirmed by the rally after that day. Therefore USDJPY is expected to hit higher price.
- Just a passerby -

Yep just the big boys reloading, was the main factor in my decision to go long.
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  • #33,056
  • Mar 1, 2013 12:07pm Mar 1, 2013 12:07pm
If UJ breaks 38.2% resistance on monthly, more longs will coming. ( hope this fib.retracement is precise).
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 52 KB
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #33,057
  • Mar 1, 2013 12:09pm Mar 1, 2013 12:09pm
Quoting bikov
If UJ breaks 38.2% resistance on monthly, more longs will coming. ( hope this fib.retracement is precise).

Have the same thing, dont like using fibs or any indicators but look at the start to the monthly chart. How beautiful is that?
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  • #33,058
  • Mar 1, 2013 12:20pm Mar 1, 2013 12:20pm
Quoting BobGnarly
Have the same thing, dont like using fibs or any indicators but look at the start to the monthly chart. How beautiful is that?
definitely longer time frames like M or W clears the picture (and mind).
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #33,059
  • Edited 3:20pm Mar 3, 2013 6:58am | Edited 3:20pm
I expect a big dropdown.
In the daily chart you can see it was just a backtest. We are definitely going down into the 87-89 range.

cheers
  • #33,060
  • Mar 3, 2013 7:40am Mar 3, 2013 7:40am
Quoting tomplank
I expect a big open gap down.
In the daily chart you can see it was just a backtest. We are definitely going down into the 87-89 range.

cheers
What if no gap down and it blows right through to new highs...just another view...
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