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JPY Cross Pairs

  • #381
  • Mar 13, 2013 3:24am Mar 13, 2013 3:24am
Quoting 100PipsADay
When did you short USD/JPY and what is your profit target?

have not usd.jpy, do not suppose that would go below 95 because wensday is brake for move dovn for all jpy pairs also risiko for me, i see after midnigt or if some big move down on DAX or FTSE . have only usd.chf with PT 0,9335 and only think about cad/chf short.
  • #382
  • Mar 13, 2013 3:26am Mar 13, 2013 3:26am
Quoting Foxikus
have not usd.jpy, do not suppose that would go below 95 because wensday is brake for move dovn for all jpy pairs also risiko for me, i see after midnigt or if some big move down on DAX or FTSE . have only usd.chf with PT 0,9335 and only think about cad/chf short.
I see.

Wish you the best with your other trades Foxikus!
  • #383
  • Mar 13, 2013 3:46am Mar 13, 2013 3:46am
thats it. giving up on shorts. Should be down much more by now if i was right.

Looking for a buy on hourly charts break. any jpy pair will do.
  • #384
  • Mar 13, 2013 3:52am Mar 13, 2013 3:52am
Quoting seaman2
thats it. giving up on shorts. Should be down much more by now if i was right.

Looking for a buy on hourly charts break. any jpy pair will do.
Smart move

By the way folks, I decided to lock in a few more smaller long positions earlier today with the further decline in JPY cross pairs. Price Action is clearly telling us that this is not any big time selling going on, maybe some profit taking but that's about it. Still anticipating a break higher by the end of this week!


Current Open Positions
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  • #385
  • Mar 13, 2013 3:55am Mar 13, 2013 3:55am
USD/JPY

Looks like we've got a Bullish Engulfing candle on this hour's candle.
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  • #386
  • Mar 13, 2013 3:58am Mar 13, 2013 3:58am
Quoting seaman2
thats it. giving up on shorts. Should be down much more by now if i was right.

Looking for a buy on hourly charts break. any jpy pair will do.
i will never say this in advance again. Like some robots caught my comment
  • #387
  • Mar 13, 2013 4:02am Mar 13, 2013 4:02am
i will be buying eujy with hourly bar closing above 125.00.

Robots go to work!
  • #388
  • Mar 13, 2013 4:04am Mar 13, 2013 4:04am
Quoting seaman2
i will never say this in advance again. Like some robots caught my comment
  • #389
  • Mar 13, 2013 4:07am Mar 13, 2013 4:07am
first hour after London open dolar change status from weak to strongest, jpy neutral, hope dolar stay in this position rest of day, sell chf, aud, eur, buy usd
  • #390
  • Mar 13, 2013 4:12am Mar 13, 2013 4:12am
Quoting Foxikus
first hour after London open dolar change status from weak to strongest, jpy neutral, hope dolar stay in this position rest of day, sell chf, aud, eur, buy usd
Hi Foxikus,

Not sure if you've seen this tool but the Currency Strength Meter is pretty useful.

Download for free if interested (there are no obligations) - http://www.currencynewstrading.com/c...eter-download/

You can read up on how currency strength / weakness is calculated here - http://www.currencynewstrading.com/3...ter-explained/
  • #391
  • Mar 13, 2013 4:43am Mar 13, 2013 4:43am
Morning Buddy

How goes the waiting? lol
Ghost Rider - WWTBMD?
  • #392
  • Mar 13, 2013 4:45am Mar 13, 2013 4:45am
you have decent position mr 100. And no stops. So you must be happy to let it go against you couple of 100 pips.

gl

I was looking to short yen pairs to the max but my order timed out 1 hour before price visited bit under the high of this week. Now I look to play relatively small on the upside and pray it does not go down as I will be angry at my system.
  • #393
  • Mar 13, 2013 4:45am Mar 13, 2013 4:45am
Quoting albchr
Morning Buddy

How goes the waiting? lol
Morning Chris!

LOL. Worse then watching paint dry!
  • #394
  • Mar 13, 2013 4:47am Mar 13, 2013 4:47am
Quoting seaman2
you have decent position mr 100. And no stops. So you must be happy to let it go against you couple of 100 pips.

gl

I was looking to short yen pairs to the max but my order timed out 1 hour before price visited bit under the high of this week. Now I look to play relatively small on the upside and pray it does not go down as I will be angry at my system.
Hi Seaman,

Yes I have quite a few positions opened at this time, however, I will be keeping a close eye on these particular trades. Normally I would set a hard stop loss of 160 pips per trade, but in this case I may close sooner than that if circumstances change.
  • #395
  • Mar 13, 2013 4:49am Mar 13, 2013 4:49am
Forgot to mention, the Swap paid with these positions were pretty nice. As long as price doesn't fall too hard I will keep them open throughout the rest of the day and will get 3x swap!
  • #396
  • Mar 13, 2013 4:52am Mar 13, 2013 4:52am
Quoting 100PipsADay
Morning Chris!

LOL. Worse then watching paint dry!
Ahh..not so bad. I've been in scalping mode on the dragon. Perfect little 50ish pip range to play with.

Might get a little break north here soon. Gonna grab some coffee...
Ghost Rider - WWTBMD?
  • #397
  • Mar 13, 2013 4:54am Mar 13, 2013 4:54am
Quoting albchr
Ahh..not so bad. I've been in scalping mode on the dragon. Perfect little 50ish pip range to play with.

Might get a little break north here soon. Gonna grab some coffee...
Nice! I believe GBP has been the strongest currency so far today.

Hoping for a break north for all cross pairs, as always though, only time will tell.

Enjoy your day buddy!
  • #398
  • Mar 13, 2013 5:19am Mar 13, 2013 5:19am
Quoting 100PipsADay
Nice! I believe GBP has been the strongest currency so far today.

Hoping for a break north for all cross pairs, as always though, only time will tell.

Enjoy your day buddy!
Yeah, a bounce off "reasonable" support for the pound but I have little faith as of yet. I still see/feel some possible changes coming for the yen. Time will tell but I'm watching closely. Not saying it won't but for 5.5 weeks it's having a tough time breaking support.

Have a good one Terry.
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Ghost Rider - WWTBMD?
  • #399
  • Mar 13, 2013 5:30am Mar 13, 2013 5:30am
Quoting albchr
Ahh..not so bad. I've been in scalping mode on the dragon. Perfect little 50ish pip range to play with.

Might get a little break north here soon. Gonna grab some coffee...
Nice one - I missed it - I hadn't set my alarms correctly and was busy trading €.

UJ hit a support area in mid Frankies Hour and turned back up, so when cable put in an equal low an hour later, it gave GJ that nice run up....

PS UK Gilt Auction results are due out soon....

PSS the actual UJ low was at the S1 pivot...
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Trading Levels with WRBs
  • #400
  • Mar 13, 2013 5:44am Mar 13, 2013 5:44am
Quoting Islander
Nice one - I missed it - I hadn't set my alarms correctly and was busy trading €.

UJ hit a support area in mid Frankies Hour and turned back up, so when cable put in an equal low an hour later, it gave GJ that nice run up....

PS UK Gilt Auction results are due out soon....

PSS the actual UJ low was at the S1 pivot...
Hey Islander, yeah I'm not sure how long lived it will be. Watching to see if another trip down the range is in order.
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Ghost Rider - WWTBMD?
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