JPY Cross Pairs | Page 25 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

AUD/JPY, CAD/JPY, CHF/JPY, EUR/JPY, GBP/JPY, NZD/JPY, USD/JPY

Similar Threads

Looking for Death Cross and Golden Cross indicators 4 replies

Rsi cross indicator? (NOT cross 50, etc) 44 replies

Royal Cross/Fresh Cross 7 replies

Money Management applied to cross currency pairs 2 replies

Correlation of cross pairs 3 replies

Attachments: JPY Cross Pairs
Exit Attachments

JPY Cross Pairs

  • #481
  • Mar 17, 2013 4:36pm Mar 17, 2013 4:36pm
Quoting 100PipsADay
USD/JPY

Weekly Chart: As can be seen from the 1st chart 94.70 has acted as significant support / resistance in the past. Now that price has broken though this area it should act as good support.

Daily Chart: 94.70 is right where the 20 EMA is. Notice how price tends to respect the 20 EMA more than not. However, when deeper corrections / pull backs occur the 50 EMA will also act as excellent support / resistance which can be seen on 2-25, 2-26, and 2-27.

Hourly Chart: Price bounced very nicely...
Beware. It seems like you are trying to justify your position
  • #482
  • Mar 17, 2013 5:02pm Mar 17, 2013 5:02pm
Quoting Alvar-Ben_FX
Beware. It seems like you are trying to justify your position

Just stating weekly support / resistance levels along with two different EMA's that I use to track moving support / resistance along with price action.

Are you saying "beware" because of the gap down which nobody could foresee anyways? If you knew this was going to happen I would hope that you shorted as much as possible on Friday!

My system works more than not, that can be seen from my results. Can you bring anything else to this thread except for one liners like this? I hope so otherwise don't bother posting.

Thanks!
  • #483
  • Mar 17, 2013 5:33pm Mar 17, 2013 5:33pm
Quoting 100PipsADay
USD/JPY

Weekly Chart: As can be seen from the 1st chart 94.70 has acted as significant support / resistance in the past. Now that price has broken though this area it should act as good support.

Daily Chart: 94.70 is right where the 20 EMA is. Notice how price tends to respect the 20 EMA more than not. However, when deeper corrections / pull backs occur the 50 EMA will also act as excellent support / resistance which can be seen on 2-25, 2-26, and 2-27.

Hourly Chart: Price bounced very nicely...

We are now back above the 94.70 area, so a weekly close ABOVE this area is still bullish for USD/JPY. Gap down is usually a BULLISH sign anyways and we are now almost back to where we closed on Friday.

Still holding all of my long positions.
  • #484
  • Mar 17, 2013 5:33pm Mar 17, 2013 5:33pm
USDJPY is pretty close to closing it's gap. GBPJPY behind it. Sell Yen, looks like dollar is back to being a safe haven for now.
When the facts change I change my mind, what do you do sir
  • #485
  • Mar 17, 2013 5:34pm Mar 17, 2013 5:34pm
Quoting 100PipsADay
We are now back above the 94.70 area, so a weekly close ABOVE this area is still bullish for USD/JPY. Gap down is usually a BULLISH sign anyways and we are now almost back to where we closed on Friday.

Still holding all of my long positions.
Like I mentioned, USDJPY nearly closed it's gap. I've seen it before. I think in a shit hits the fan scenario, dollar is king over Yen.
When the facts change I change my mind, what do you do sir
  • #486
  • Mar 17, 2013 7:35pm Mar 17, 2013 7:35pm
reload e/j, a/j, c/j. gap filling is expected.
Listen to the market
  • #487
  • Mar 17, 2013 7:40pm Mar 17, 2013 7:40pm
Quoting xingloon
reload e/j, a/j, c/j. gap filling is expected.
Agreed

I was closed out of a few EUR/JPY positions over the weekend due to the gap down, but just added more longs for various cross pairs. Here are my new positions:
Attached Image (click to enlarge)
Click to Enlarge Name: JPY_Cross_Pairs_Open_Positions_-_(3-17).png Size: 49 KB
  • #488
  • Mar 17, 2013 7:49pm Mar 17, 2013 7:49pm
.
Attached Image (click to enlarge)
Click to Enlarge Name: statemnt.png Size: 25 KB
  • #489
  • Mar 17, 2013 7:53pm Mar 17, 2013 7:53pm
Gidday

Good if it breaks above 95 an keeps going

then my longs are good

Still up an down,don't give a rats really

Come on you guys put a bit off effort in

put your back into it.

I need some money for the weekend
  • #490
  • Mar 17, 2013 7:56pm Mar 17, 2013 7:56pm
Quoting 100PipsADay
Agreed

I was closed out of a few EUR/JPY positions over the weekend due to the gap down, but just added more longs for various cross pairs. Here are my new positions:
luckily closed all my long on jpy cross pairs with profit last week otherwise this gap sure hit all my SL ...

good start of the week with good opportunity for reload.
Listen to the market
  • #491
  • Mar 17, 2013 8:15pm Mar 17, 2013 8:15pm
Hi

Hey Whats happening

These guys are nasty

maybe its doing the reverse turtle mode back flip move

back to 94 very very sneaky
  • #492
  • Mar 17, 2013 9:12pm Mar 17, 2013 9:12pm
Something worth noting.

From #FXDebates:

Geoffrey Yu, Senior FX Strategist at UBS Investment Bank, notes currency wars have been a key point of debate over the past few months, triggered by the "exceptional" move in dollar-yen. This has left many investors now wondering how far this will be allowed to go, he says.

"Many officials from within the G20 have already expressed concerns at the scale of the move. On the other hand, though, Japan is just trying to say 'Hold on. We're doing what a lot of you have done over the last few years or so in deploying aggressive monetary policy and everyone's targeting exchange rates - so what's the fuss?'"


"The key thing for the dollar-yen now (...) is how Japanese investors see this move. Is there final belief that the BoJ will do the right thing?", asks Geoffrey Yu. "Will the six hundred trillion yen worth of investments held by Japanese asset managers be finally willing to up their targets and send money overseas - because if that's the case, this will have major implications for all currency movements worldwide,"
  • #493
  • Mar 18, 2013 1:54am Mar 18, 2013 1:54am
Hi Traders

YEN pretty strong

sucks really

We need some action from this tonight

What do the wise owls think

my longs start 94.9

What happened to the 97.5
  • #494
  • Mar 18, 2013 2:23am Mar 18, 2013 2:23am
Quoting eliteincome
Hi Traders

YEN pretty strong

sucks really

We need some action from this tonight

What do the wise owls think

my longs start 94.9

What happened to the 97.5


I also have quite a few positions under water at this time and the move this weekend was unexpected to say the least. However, we did close above the 94.70"ish" area from a weekly perspective which is a good sign. There is NO bearish engulfing candle on the weekly chart either so price is not telling me to short at this time either.

Right now "Swing Longs" are in a waiting game.

http://www.forexfactory.com/attachme...1&d=1363509669
http://www.forexfactory.com/attachme...2&d=1363509669
  • #495
  • Mar 18, 2013 3:29am Mar 18, 2013 3:29am
Quoting 100PipsADay
Agreed

I was closed out of a few EUR/JPY positions over the weekend due to the gap down, but just added more longs for various cross pairs. Here are my new positions:
I'm sure most here are aware of "Gaps" and why they occur, but have you taken a look at the statistics and probabilities of the "gaps" being filled the same trading day?

Gaps in the forex market usually occur during the weekend between previous friday's close price and current monday's open price. The gap itself appears due to the fact that the forex market trades 24 hours, 7 days a week whilst most forex brokers are open for currency trading from Monday 0:00 am ET – Friday 4:00 pm ET. Thus on mondays, the broker needs to update its currency prices which may be different from friday's closing prices.

Type Of Forex Gaps

1) A bullish gap occurs when last friday's close price is lower than current monday's open price.
2) A bearish gap occurs when last friday's close price is higher than current monday's open price.

Case Study on Forex Gaps

The study on gaps in the forex market was conducted between 2002 and 2010, and examined over 25 currency pairs. The following table shows the best gap performers amid the 25 currency pairs.

Currency Pair% Forex Gaps Filled The Same Day
GBP/CAD - 88.60%
EUR/CAD - 82.70%
EUR/AUD - 81.60%
GBP/CHF - 78.75%
USD/CHF - 77.71%
AUD/JPY - 74.35%
GBP/USD - 72.18%
EUR/USD - 66.15%


I posted this information months ago but couldn't find it so I looked around on Google and found it again. See, take AUD/JPY for example, from 2002 through 2010, 75 % of the AUD/JPY "gaps" were filled the same trading day! The probability was in my favor to add to my already existing position which was still valid technically and fundamentally in order to maximize profits.
  • #496
  • Mar 18, 2013 4:23am Mar 18, 2013 4:23am
Quoting 100PipsADay
I'm sure most here are aware of "Gaps" and why they occur, but have you taken a look at the statistics and probabilities of the "gaps" being filled the same trading day?

Gaps in the forex market usually occur during the weekend between previous friday's close price and current monday's open price. The gap itself appears due to the fact that the forex market trades 24 hours, 7 days a week whilst most forex brokers are...
hi 100p/d

im a strong believer in gap filling cos i've witnessed it 3 times since i started to trade 5 months ago... green pips dude =)
Listen to the market
  • #497
  • Mar 18, 2013 4:28am Mar 18, 2013 4:28am
duno, that cyprus thing will not just go away in my opinion like bad dream. Riots there, russians installed today permanent fleet in Med.

Presume fill the gap means price reaches previous day low (on down gap) ?

What is statistics after gap filled ?
  • #498
  • Mar 18, 2013 4:38am Mar 18, 2013 4:38am
Quoting seaman2
duno, that cyprus thing will not just go away in my opinion like bad dream. Riots there, russians installed today permanent fleet in Med.

Presume fill the gap means price reaches previous day low (on down gap) ?

What is statistics after gap filled ?
I agree with your first statement, definitely could create a "risk off" environment.

As far as gaps go, yes, once price reaches previous day low. I don't have any statistics for when after the gap is filled, sorry Seaman.
  • #499
  • Mar 18, 2013 6:03am Mar 18, 2013 6:03am
i am looking to short but not there yet. Looking for evidence.

There are number of pairs/markets that flipped over the weekend thru large round number. It is more about EUR but still

EURAUD flipped below 1.25
SP500 flipped below 1550
EURUSD flipped below 1.3
USJY below 95
EURJPY kind of below 125. It closed just below 125 on friday
AUDJPY nocked on 100 and got rejection
DAX below 8000
gold above 1600

no market make it back thru rouind number at this moment. i d say this is large resistance for continuation of jpy down markets up etc.

this are pairs I am watching...
  • #500
  • Mar 18, 2013 3:04pm Mar 18, 2013 3:04pm
Quoting seaman2
i am looking to short but not there yet. Looking for evidence.

There are number of pairs/markets that flipped over the weekend thru large round number. It is more about EUR but still

EURAUD flipped below 1.25
SP500 flipped below 1550
EURUSD flipped below 1.3
USJY below 95
EURJPY kind of below 125. It closed just below 125 on friday
AUDJPY nocked on 100 and got rejection
DAX below 8000
gold above 1600

no market make it back thru rouind number at this moment. i d say this is large resistance for continuation of jpy down markets...
upside run out of puff. Round numbers too large resistance to overcome.
Still no position.
2 traders viewing now