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USD/JPY Discussion

  • #33,181
  • Mar 17, 2013 7:20pm Mar 17, 2013 7:20pm
Quoting orabi
HI ther how are you .i turned to be bullish too my previous opinion is changed now and we may not see a big correction before 106 level
thank you very much for your thoughts
have a nice day )
Hi Orabi!

I'm doing good, entered a few more long positions for various JPY cross pairs once my broker opened up as we had a nice gap down this weekend.

I'm glad we closed above the 94.70 on the weekly close, this validates my projections, this would could be very bullish for USD/JPY as well as the cross pairs.

Enjoy your day Orabi
  • #33,182
  • Mar 18, 2013 2:08am Mar 18, 2013 2:08am
The Yen has been a cclassical slow move and boring though of late its moving quite much. Following my post yesterday, seems like it is breaking lower through the
ichimoku cloud.


Attached Image (click to enlarge)
Click to Enlarge Name: monday 18th march yen.JPG Size: 112 KB


With the break we may go all the way to 93.75
Eyes on it
  • #33,183
  • Mar 18, 2013 2:17am Mar 18, 2013 2:17am
Quoting kamifx
Most of analysis in different sites about UJ is Up direction without indicating about Time Frames but i believe consolidating for 2 or 3 days with down tendency more acceptable till it finds clear direction, It's obvious that dominant trend is Up but Technically (H1, H4) shows down trend and Price Pattern (H&S) has confirmed this direction by breaking the Neck Line.
Right now we should concern two Key Levels:
Up: 96.27/35
Down:94.60
As i mentioned last week, 95.09 levels is strong support level and caused pair bounced back...
On sunday i said about this pair but i should know
- this pair is very good for Break Out Method although as my friend said these days very volatile
- We have to be very patient to see the target and it runs suddenly and bang
- it's very sensitive to key levels so traders must be aware of these levels or trade other pairs
-it's nearing to key levels i have mentioned before so again i warn you be careful
Have a nice day all
Don’t follow someone else’s trading advice blindly
  • #33,184
  • Mar 18, 2013 2:53am Mar 18, 2013 2:53am
Quoting kamifx
On sunday i said about this pair but i should know
- this pair is very good for Break Out Method although as my friend said these days very volatile
- We have to be very patient to see the target and it runs suddenly and bang
- it's very sensitive to key levels so traders must be aware of these levels or trade other pairs
-it's nearing to key levels i have mentioned before so again i warn you be careful
Have a nice day all
Hi KamiFx,

I am curious to know the time frame that you typically trade from? I noticed your key levels that you bring up and I am impressed, but I'm wondering how you have found these levels?

The 95.09 on Friday was spot on!
  • #33,185
  • Mar 18, 2013 3:01am Mar 18, 2013 3:01am
By the way KamiFx, you have earned a Vouch from me. Keep up the good work!
  • #33,186
  • Mar 18, 2013 3:17am Mar 18, 2013 3:17am
Quoting 100PipsADay
By the way KamiFx, you have earned a Vouch from me. Keep up the good work!
That's kind of you my friend
Before market starts, i have a general view for most pairs to find the best ones of the week according to weekly and Daily T/Fs
History, Price Pattern, Strong area or Key Levels are my concerns and as most of you know better than i, they work the best.
During the day i try to focus on H1, M15 according to my Weekly and Daily T/Fs records
That's all
Don’t follow someone else’s trading advice blindly
  • #33,187
  • Mar 18, 2013 3:22am Mar 18, 2013 3:22am
Quoting kamifx
That's kind of you my friend
Before market starts, i have a general view for most pairs to find the best ones of the week according to weekly and Daily T/Fs
History, Price Pattern, Strong area or Key Levels are my concerns and as most of you know better than i, they work the best.
During the day i try to focus on H1, M15 according to my Weekly and Daily T/Fs records
That's all
Thanks for clarifying, I tend to draw out weekly and monthly resistance but don't have much experience with intraday levels. I will have to pay closer attention to your posts in order to find them.
  • #33,188
  • Mar 18, 2013 3:33am Mar 18, 2013 3:33am
My friend, i just suggest sth may it'll useful for the T/F you mentioned
Be aware of Closing and Opening of Long Body Candle and the color of them it's very helpful
i am sure you know it but haven't care a lot, now try to focus on them (of course after Mon. because Mon. the pattern are not so valid)
Then i will write the way i calculate some levels ( as i worked in Bank, know which levels, No. care for Big investors)
Don’t follow someone else’s trading advice blindly
  • #33,189
  • Mar 18, 2013 3:51am Mar 18, 2013 3:51am
its roared back, up over 80 from the bottom

not cheap anymore
  • #33,190
  • Mar 18, 2013 3:57am Mar 18, 2013 3:57am
Quoting Halba
its roared back, up over 80 from the bottom

not cheap anymore
Yep!

Information on "Weekend Gaps" HERE
  • #33,191
  • Mar 18, 2013 4:12am Mar 18, 2013 4:12am
Quoting kamifx
My friend, i just suggest sth may it'll useful for the T/F you mentioned
Be aware of Closing and Opening of Long Body Candle and the color of them it's very helpful
i am sure you know it but haven't care a lot, now try to focus on them (of course after Mon. because Mon. the pattern are not so valid)
Then i will write the way i calculate some levels ( as i worked in Bank, know which levels, No. care for Big investors)
KamiFx,

I typically like to keep an eye on Monthly and Weekly Support/ Resistance levels and then trade from the Daily. What do you think of current Monthly and Weekly levels for USD/JPY?

I'm interested to see how you calculate the intraday levels when you have time. Thanks again!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPY_-_Monthly_(3-17).png Size: 73 KB
Click to Enlarge Name: USD_JPY_-_Weekly_(3-17).png Size: 106 KB
  • #33,192
  • Mar 18, 2013 4:18am Mar 18, 2013 4:18am
I have learned this and all the time follow of that
" Traders must have clear and Big Picture of Market Up and Down but must and must respect the Market order"
If we don't follow the rule of market, it punishes us the worst way, but levels
right now trends are between:
95.27/35 and 94.32/40
I believe it goes 92.88 and then 91.60 end of the week 90.57
But if 95.66 breaks it goes toward 96.27 and then 96.66 the key for going up more
Don’t follow someone else’s trading advice blindly
  • #33,193
  • Mar 18, 2013 4:22am Mar 18, 2013 4:22am
Quoting kamifx
I have learned this and all the time follow of that
" Traders must have clear and Big Picture of Market Up and Down but must and must respect the Market order"
If we don't follow the rule of market, it punishes us the worst way, but levels
right now trends are between:
95.27/35 and 94.32/40
I believe it goes 92.88 and then 91.60 end of the week 90.57
But if 95.66 breaks it goes toward 96.27 and then 96.66 the key for going up more
Interesting! Thank you for this information, I'm going to save key areas and keep an eye on them.
  • #33,194
  • Mar 18, 2013 4:46am Mar 18, 2013 4:46am
Just remember for key Levels Up is the best place and strong area for sell Position and down Best area for Buy Position when we are in swing situation
Notice to the Volume near those area if goes up it means is gonna break it if it declines it reverse sharply
For instance GU
1.5070/76 Key level for going down but if Volume decreases around that i wait big Bull Body Candle
1.5135/40 Key level for going Up 1.5177/85 But the same rule for volume mentioned above
I just trade on strong area and key levels to be away of stress
Don’t follow someone else’s trading advice blindly
  • #33,195
  • Mar 18, 2013 11:09am Mar 18, 2013 11:09am
USDJPY:
BUY
If the price breaks through the level 96.617 bullish movement will start. Targets of the bullish movement: 97.750, 98.810.
SELL
If the price breaks through the level 94.905 bearish movement will start. Targets of the bearish movement: 94.341, 93.252.
  • #33,196
  • Mar 18, 2013 12:49pm Mar 18, 2013 12:49pm
got stopped out of my longs on friday at +50, reloaded yesterday at 94.35. Holding for 100
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  • #33,197
  • Mar 19, 2013 11:26am Mar 19, 2013 11:26am
USDJPY
For this pair my prediction for BUY and take profit will be 095085 and on the chart M1 tenkan is above.
Attached Image (click to enlarge)
Click to Enlarge Name: 19_usdJPY.png Size: 110 KB
  • #33,198
  • Mar 19, 2013 12:41pm Mar 19, 2013 12:41pm
I am short with a target of 91.50-91.30 range.
  • #33,199
  • Mar 19, 2013 1:53pm Mar 19, 2013 1:53pm
Just found new pattern... gap fill before the gap )) does it occurs often on YEN?
Attached Image (click to enlarge)
Click to Enlarge Name: [USDJPY,M1]_2013-03-19_20-47-10.jpg Size: 156 KB
  • #33,200
  • Mar 20, 2013 10:26am Mar 20, 2013 10:26am
USDJPY
BUY
If the price breaks through the level 95.600 bullish movement will start. Targets of the bullish movement: 96.290, 96.990.
SELL
If the price breaks through the level 94.840 bearish movement will start. Targets: 94.130, 93.400.
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