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USD/JPY Discussion

  • #33,141
  • Mar 14, 2013 12:51pm Mar 14, 2013 12:51pm
Pair has returned from that level i mentioned before but it's not very strong returning and not very safe right now, may the volume gets higher later
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Don’t follow someone else’s trading advice blindly
  • #33,142
  • Mar 14, 2013 3:22pm Mar 14, 2013 3:22pm
95.70 holds for now. It's solid support from the last week. On the bigger time frames it's in overbought territory but till this support holds I won't execute my longs.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #33,143
  • Mar 14, 2013 3:35pm Mar 14, 2013 3:35pm
So glad for this thread!

USDJPY finally found some positive territory today!

What happened today? Yen strength or dollar weakness?
  • #33,144
  • Mar 14, 2013 3:48pm Mar 14, 2013 3:48pm
Quoting Oser
So glad for this thread!

USDJPY finally found some positive territory today!

What happened today? Yen strength or dollar weakness?
More USD weakness I think. DXY fell from 83.42 to 82.83 at the moment.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #33,145
  • Mar 14, 2013 5:33pm Mar 14, 2013 5:33pm
Quoting bikov
More USD weakness I think. DXY fell from 83.42 to 82.83 at the moment.
http://www.forexlive.com/blog/2013/0...-key-boj-vote/

I saw this posted on another thread. Interesting....
  • #33,146
  • Mar 15, 2013 12:41am Mar 15, 2013 12:41am
最后一页呢
  • #33,147
  • Mar 15, 2013 2:25am Mar 15, 2013 2:25am
Breaking the 4H upward trendline at 95.92 will drive this shit to test 95.40
  • #33,148
  • Mar 15, 2013 2:34am Mar 15, 2013 2:34am
Quoting fatpanda
Breaking the 4H upward trendline at 95.92 will drive this shit to test 95.40
I'm short right now since 96.20, but there's a good zone of demand coming in at 95.70 which has produced strong moves the last two times it hit. Will it fail this time? No way to know but it's definitely a landmark to observe before calling lower than that.
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  • #33,149
  • Mar 15, 2013 2:45am Mar 15, 2013 2:45am
Gidday

All the Grasshoppers are shorting

soon as hits 96

it takes a massive dump
  • #33,150
  • Mar 15, 2013 2:51am Mar 15, 2013 2:51am
Something like Head&Shoulders pattern is going to form since yesterday and we have two key Levels
S=95.45 to go toward 95.09
R=96.90 to go toward 97.27
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Don’t follow someone else’s trading advice blindly
  • #33,151
  • Mar 15, 2013 8:20am Mar 15, 2013 8:20am
Quoting kamifx
Something like Head&Shoulders pattern is going to form since yesterday and we have two key Levels
S=95.45 to go toward 95.09
R=96.90 to go toward 97.27
Price Pattern i've mentioned before is gonna forming, of course real momentum will be gathered after next H4 Candle and US News about 45 Min.
Those traders who didn't open Sell Position on strong Up Levels, may find good opportunity to enter above 96.00 again
Don’t follow someone else’s trading advice blindly
  • #33,152
  • Mar 15, 2013 8:34am Mar 15, 2013 8:34am
New Level for adding Sell Position or reversing is near be aware of Thick Blue Line
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  • #33,153
  • Mar 15, 2013 11:08am Mar 15, 2013 11:08am
95.40 done
then 94.80
Quoting fatpanda
Breaking the 4H upward trendline at 95.92 will drive this shit to test 95.40
  • #33,154
  • Mar 15, 2013 2:25pm Mar 15, 2013 2:25pm
Technically Down Trend for Moving Up again
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  • #33,155
  • Mar 15, 2013 3:14pm Mar 15, 2013 3:14pm
Nice 50 pips picked up before the weekend close, market took a nose dive afterward breaking through several good short term demand levels (see circled areas on first chart - rejected before being pushed lower) before being turned back near a higher time frame demand level that really should start to kick in around 94.95. That price turned strongly before reaching this tells me that there are likely a large number of orders still waiting there, and I wouldn't be surprised to see another rejection of the level before it breaks.

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As we've now made a lower low on the larger intraday timeframes I will be looking for new shorting opportunities starting with market open on Sunday.

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  • #33,156
  • Mar 16, 2013 5:26am Mar 16, 2013 5:26am
nice swing trade pitchfork based trade .short at retest of 96 stop loss 96.70 (height of month until now) target 87 where a trend line meets with the second pitchfork lower line
move stop loss to entery point when 92 level is reached then to 92 when 90 level is reached .
collect your profit at 87 with a TP limit order .
thats all
all have a nice day
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focus while relaxed to see better
  • #33,157
  • Edited 5:54am Mar 16, 2013 5:41am | Edited 5:54am
Quoting orabi
nice swing trade pitchfork based trade .short at retest of 96 stop loss 96.70 (height of month until now) target 87 where a trend line meets with the second pitchfork lower line
move stop loss to entery point when 92 level is reached then to 92 when 90 level is reached .
collect your profit at 87 with a TP limit order .
thats all
all have a nice day
Do you see any sort of bearish Price Action at weekly / monthly resistance telling us that sellers have now stepped in?

Curious how and why we could move 1,000 pips down considering the fundamental situation in Japan?

USD/JPY has risen 1,800 pips since September 2012 due to fundamental situation, how do we erase more than 50% of that move with no catalyst?


I'm not being rude but I don't think the BoJ cares about any sort of pitchfork pattern when it comes to monetary policy. It is clear they are going to be aggressively weakening the Yen for the foreseeable future, no need to try and pick tops or go against the trend. Wait for Price Action to tell us that sellers have stepped in before going short USD/JPY or any of the cross pairs.
  • #33,158
  • Mar 16, 2013 5:53am Mar 16, 2013 5:53am
Quoting 100PipsADay
Do you see any sort of bearish Price Action at weekly / monthly resistance telling us that sellers have now stepped in?

Curious how and why we could move 1,000 pips down considering the fundamental situation in Japan?
we are running up for a long time now as you said 1500 pips or more so we need some correction .and my analysis depends in median line of pitchfork tool as we can see we have a bounce from it .looking at fundementals gold is raising means loss of appetite so dollar gained and now yen should also .
chance to clear out buyers and be sure that they will sell to clear them back again
and it is not 1000 pip it is 900 only
have a nice day all
focus while relaxed to see better
  • #33,159
  • Edited 6:16am Mar 16, 2013 5:57am | Edited 6:16am
Quoting 100PipsADay
Do you see any sort of bearish Price Action at weekly / monthly resistance telling us that sellers have now stepped in?

Curious how and why we could move 1,000 pips down considering the fundamental situation in Japan?

USD/JPY has risen 1,800 pips since September 2012 due to fundamental situation, how do we erase more than 50% of that move with no catalyst?


I'm not being rude but I don't think the BoJ cares about any sort of pitchfork pattern when it comes to monetary policy. It is clear they are going to be aggressively weakening the Yen for...
BOJ will react if it drops below 78 as we know from history but you have a point also .i know you are not rude it is money people should be careful when posting thing about it i just wanted to share my view thats all
have a nice day
focus while relaxed to see better
  • #33,160
  • Mar 16, 2013 5:58am Mar 16, 2013 5:58am
Quoting orabi
we are running up for a long time now as you said 1500 pips or more so we need some correction .and my analysis depends in median line of pitchfork tool as we can see we have a bounce from it .looking at fundementals gold is raising means loss of appetite so dollar gained and now yen should also chance to clear out buyers and be sure that they will sell to clear them back again
and it is not 1000 pip it is 900 only
have a nice day all
I understand. It sounds like you have your own system and are sticking by your rules, that is important.

Good luck with your trades Orabi
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