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Attachments: JPY Cross Pairs
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JPY Cross Pairs

  • #341
  • Mar 12, 2013 1:41am Mar 12, 2013 1:41am
Looking to add more long positions at the close of this hour's candle.

D1 MACD - Bullish for ALL JPY Cross Pairs


NZD/JPY:
H1 Williams % is already over sold


AUD/JPY & CAD/JPY:
H1 Williams % still waiting for over sold conditions.


*Will post trades once executed.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDJPY_H1_(3-11).png Size: 100 KB
Click to Enlarge Name: AUDJPY_H1_(2-11).png Size: 100 KB
Click to Enlarge Name: CADJPY_H1_(3-11).png Size: 100 KB
  • #342
  • Mar 12, 2013 1:41am Mar 12, 2013 1:41am
Quoting 100PipsADay
Yep! 100 - 101 is my next target for USD/JPY.

Here is a USD/JPY Monthly Chart:
FF journal: Peaks and Troffs
  • #343
  • Mar 12, 2013 1:48am Mar 12, 2013 1:48am
Quoting bogus
Hey Bogus!

You got any long positions at the moment for USD/JPY or any of the cross pairs?
  • #344
  • Mar 12, 2013 2:57am Mar 12, 2013 2:57am
gentlemen, please check audjpy price action on 100 in history as long as you can.

there will likely be tremor when it gets there. JP is large trading partner of AU, slightly behind china where all resources are bought.

usjy to 100, maybe but not htat fast.

I will dig myself there with max size if not getting earlier sell signal.
  • #345
  • Mar 12, 2013 3:06am Mar 12, 2013 3:06am
Quoting seaman2
gentlemen, please check audjpy price action on 100 in history as long as you can.

there will likely be tremor when it gets there. JP is large trading partner of AU, slightly behind china where all resources are bought.

usjy to 100, maybe but not htat fast.

I will dig myself there with max size if not getting earlier sell signal.

I don't see any real significant Price Action at 100 for AUD/JPY.

Could you please point it out for us using a chart because I just don't see it...

Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY_Weekly_(3-11).png Size: 98 KB
  • #346
  • Mar 12, 2013 3:19am Mar 12, 2013 3:19am
there are couple of touches of 100 on your chart but large reversal earlier. Dania charts are a bit weak but I can assure you it was 100 that reversed. Could not find better chart right now.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.JPG Size: 83 KB
  • #347
  • Mar 12, 2013 3:24am Mar 12, 2013 3:24am
is sell time today, maybe not only 100-200. long position in likvidation, 95.80 usd/jpy in play, and after broke only free fall
  • #348
  • Mar 12, 2013 4:04am Mar 12, 2013 4:04am
Quoting 100PipsADay
Looking to add more long positions at the close of this hour's candle.

D1 MACD - Bullish for ALL JPY Cross Pairs


NZD/JPY:
H1 Williams % is already over sold


AUD/JPY & CAD/JPY:
H1 Williams % still waiting for over sold conditions.


*Will post trades once executed.

Perfect! Got a few more long positions in play right before and after that nice drop we saw with JPY pairs.

Current Open Positions
Attached Image (click to enlarge)
Click to Enlarge Name: Current_Open_JPY_Positions_(3-11).png Size: 66 KB
  • #349
  • Mar 12, 2013 4:06am Mar 12, 2013 4:06am
Quoting Foxikus
is sell time today, maybe not only 100-200. long position in likvidation, 95.80 usd/jpy in play, and after broke only free fall
USD/JPY just broke out to the upside creating new highs during the past few trading days. Total of 300 pip run up in the past 5 trading days!

Consolidation / Pullback is expected but there is definitely no reason to be short as Price Action is not telling us that there are major sellers at current levels.
  • #350
  • Mar 12, 2013 5:53am Mar 12, 2013 5:53am
is it a good place to go long on USD/JPY?
  • #351
  • Mar 12, 2013 5:56am Mar 12, 2013 5:56am
Quoting Brocklesnar
is it a good place to go long on USD/JPY?
According to my system YES! We are at an excellent spot to go long on USD/JPY and the rest of the other JPY cross pairs.

However, I would stay away from GBP/JPY as the Pound has been showing EXTREME weakness during the past 2 months!
  • #352
  • Mar 12, 2013 6:03am Mar 12, 2013 6:03am
Added one more AUD/JPY and one more CAD/JPY long position.

I'm satisfied with my current open positions, time to sit back and wait.
Attached Image (click to enlarge)
Click to Enlarge Name: Current_Open_JPY_Positions_(3-11).png Size: 77 KB
  • #353
  • Mar 12, 2013 6:23am Mar 12, 2013 6:23am
Goodluck mate i added few long positions of usd/jpy targeting 100



Quoting 100PipsADay
Added one more AUD/JPY and one more CAD/JPY long position.

I'm satisfied with my current open positions, time to sit back and wait.
  • #354
  • Mar 12, 2013 6:25am Mar 12, 2013 6:25am
Quoting Brocklesnar
Goodluck mate i added few long positions of usd/jpy targeting 100
Glad to have you along for the ride!

Hope everything works out for us!
  • #355
  • Mar 12, 2013 6:32am Mar 12, 2013 6:32am
Alright! Here we go. I hope everybody who was planning on getting long on any of the JPY pairs did so on this recent pull back. It was a perfect entry point.

After looking at the 1 Hour charts for USD/JPY as well as the cross pairs it is clear that they have found support for the time being. Look at the long wicks at the bottom of the past 3 candles (1 hour candles) which tells us there are new buyers at the current level.
  • #356
  • Mar 12, 2013 6:42am Mar 12, 2013 6:42am
http://www.forexcrunch.com/wp-conten...Y-1024x669.png

USD/JPY (daily chart) as of March 7, 2013 has broken out above its long-term high of 94.44 set in mid-February, establishing a new 34-month high for the pair. This renewed bullishness has been in place for the past week after price made a minor pullback in late February slightly below the 91.00 level. This also occurs within the context of a strong and steep bullish trend that has been in place for the past five months. During the course of this bullish trend there has still been very little in the way of significant pullbacks or corrections.

Although the noted late-February pullback broke below key 92.00 support, it was far from a major correction, and did not pose any real threat to the integrity of the entrenched uptrend. Currently, price is approaching its key upside target around the 95.00 resistance area. In the further event of a strong breakout above that level, the next major resistance objective to the upside resides around the 98.00 level. To the downside, key support continues to reside around 92.00.

James Chen, CMT
Chief Technical Strategist
City Index Group
  • #357
  • Mar 12, 2013 6:46am Mar 12, 2013 6:46am
According to the analyst who wrote the article above, next resistance for USD/JPY should come in at 98 or so due to the fact that we have already broken the 95 level with a daily close above. In fact, even after this pull back we are still well above the 95 level.
  • #358
  • Mar 12, 2013 6:57am Mar 12, 2013 6:57am
i have kept my sl right below 95 and i will book some profits @ 97 and if its still going up will add some more longs above 97 target level is 100 hope we get there soon and earn some decent profits and then party
  • #359
  • Mar 12, 2013 6:58am Mar 12, 2013 6:58am
Alessio Rastani - Leading Trader on Yen Trends

http://www.dukascopy.com/tv/#97075
Attached Image (click to enlarge)
Click to Enlarge Name: Leading_Trader_-_Yen_Trends.png Size: 1.1 MB
  • #360
  • Mar 12, 2013 7:02am Mar 12, 2013 7:02am
Quoting Brocklesnar
i have kept my sl right below 95 and i will book some profits @ 97 and if its still going up will add some more longs above 97 target level is 100 hope we get there soon and earn some decent profits and then party
Excellent! USD/JPY is definitely headed to 100 in the near future, question is WHEN...

I think you have some good trades, we are already starting to move nicely into profit.
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