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USD/JPY Discussion

  • #33,221
  • Mar 23, 2013 10:26pm Mar 23, 2013 10:26pm
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 19 KB


Bullish on the USD/JPY. Decided to cross average down when i felt that it would break 96.
Im looking at a bounce off 94 back up to 96. Ranging market on the lower time frame
  • #33,222
  • Mar 24, 2013 9:13am Mar 24, 2013 9:13am
Quoting BobGnarly
6-18 months max.. Wait for the gap up tomorrow and the bullish trend to continue.. Cyprus deal reached.
Again, i dont see a reason for speculating what will happen in a year or two.

That misleads and isnt helpful. I dont want to start a fight, but i expect statements like these from newbies.
Even if you are right, that has nothing to do with next week.

For the next week, i expect few hundred pips to be made, on the short side. Or as a swing.
And even if not this week, then soon.

So why talking what will happen so far away.

Btw. Japan is in a bad condition, but i dont see anything what would push the Us in the 120s.
How to opt out annoying user signatures ??
  • #33,223
  • Mar 24, 2013 9:31am Mar 24, 2013 9:31am
Quoting Toranaga
Again, i dont see a reason for speculating what will happen in a year or two.

That misleads and isnt helpful. I dont want to start a fight, but i expect statements like these from newbies.
Even if you are right, that has nothing to do with next week.

For the next week, i expect few hundred pips to be made, on the short side. Or as a swing.
And even if not this week, then soon.

So why talking what will happen so far away.

Btw. Japan is in a bad condition, but i dont see anything what would push the Us in the 120s.

I don't trade I invest bro. The picture in the next 1-2 yrs and beyond is all I care about. I am not interested in trading this pair, I just buy on dips. So next time make sure you know what type of trader someone is before criticizing their technique.
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  • #33,224
  • Mar 24, 2013 9:40am Mar 24, 2013 9:40am
Quote
I don't trade I invest bro.

he he, yep, that was the only solution. Forgot to write that.

Youre right, but you also could write that in your Bio
98% here trade. Or pretend doing that.

How to opt out annoying user signatures ??
  • #33,225
  • Mar 24, 2013 9:51am Mar 24, 2013 9:51am
Quoting Toranaga
he he, yep, that was the only solution. Forgot to write that.

Youre right, but you also could write that in your Bio
98% here trade. Or pretend doing that.



Yea I should put that in my info
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  • #33,226
  • Mar 24, 2013 11:26am Mar 24, 2013 11:26am
I've a strong notch that if the cyprus decision comes out 'neutral' it would still support a bullish market for UJ. At present, I think technical may not really be a determining factor for a gap up or gap down.. Meeting in brussels is, to an extent..
  • #33,227
  • Mar 24, 2013 1:21pm Mar 24, 2013 1:21pm
On monday, I think usdjpy will drop to 93.65 in US secsion.
  • #33,228
  • Mar 24, 2013 4:36pm Mar 24, 2013 4:36pm
It might drop down a bit but I bet we're in for the races midweek, I'm in long 7 lots
Argue for your limitations, and sure enough, they're yours. Richard Bach
  • #33,229
  • Mar 24, 2013 6:45pm Mar 24, 2013 6:45pm
Quoting fxcafe
On monday, I think usdjpy will drop to 93.65 in US secsion.
could be more than that... how about 89?
  • #33,230
  • Mar 24, 2013 6:48pm Mar 24, 2013 6:48pm
Watch the bull rage this week
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  • #33,231
  • Mar 24, 2013 6:48pm Mar 24, 2013 6:48pm
Quoting arqish
could be more than that... how about 89?

well he is already 100 pips off, hope he wasn't short too much
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  • #33,232
  • Mar 24, 2013 9:42pm Mar 24, 2013 9:42pm
Quoting BobGnarly
Yea I should put that in my info
I hear where you are coming from when you say you're investor, but I think one can be an investor and a trader at the same time. Making a prediction 1-2 years in the future is difficult if not impossible...conditions change, government does this and that, anything can happen! That's why, to me, it is risky for you to be blindly buying dips on USDJPY right now simply because "you are an investor" and your outlook is that in 1-2 years USDJPY will be higher. You are basically claiming/betting that you are smarter than the whole market. I remember reading a previous post where you said you've been long this pair a couple months already so kudos to you.

Did you know that USDJPY has been in an overall downtrend since 1970? How can you be so smart to say the next 1-2 years will be up with that in mind?

What Toranaga is saying is that he is simply following the market's will (weekly/monthly direction). The market decides for him whether to buy or sell, not his own personal beliefs of where price will be in 1-2 years. This makes him a little more flexible and bending to the market's will rather than stiff to his own personal bias. This is where being an investor and trader can come into place....there are times in the market when you can be a very active trader and hold those new positions for years at a time.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #33,233
  • Edited 10:07pm Mar 24, 2013 9:56pm | Edited 10:07pm
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Don't know why video won't embed, but its Bruce Lee's "Be Water My Friend."
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #33,234
  • Mar 24, 2013 10:06pm Mar 24, 2013 10:06pm
So some of you think it is gonna take a 120 pip shit from where its at now? i doubt that will during this NY session. Usually price is really weak during the sun - tues trading session. probably 120 pips in total. if it falls at all. consolidation pattern trading until we see a break one way or the other...
  • #33,235
  • Mar 25, 2013 12:00am Mar 25, 2013 12:00am
Quoting BobGnarly
well he is already 100 pips off, hope he wasn't short too much
hmmm.. maybe.. it can be so ..bob
  • #33,236
  • Mar 25, 2013 12:18am Mar 25, 2013 12:18am
Yes, It can, when the policies of ABE not successfull.
Quoting BobGnarly
Watch the bull rage this week
  • #33,237
  • Mar 25, 2013 10:16am Mar 25, 2013 10:16am
Quoting BobGnarly
Watch the bull rage this week
And why not the beginning of bear correction down to 89.0?
  • #33,238
  • Mar 25, 2013 11:42am Mar 25, 2013 11:42am
Quote
And why not the beginning of bear correction down to 89.0?

While a correction to 89 would seem in order that is far from certain. At a macro level the yen is done. It is just matter of time until a structured default.
  • #33,239
  • Mar 25, 2013 12:19pm Mar 25, 2013 12:19pm
Hello! How are you today PIPSEL???
You buy or sell usdjpy??
Quoting pipsel
It might drop down a bit but I bet we're in for the races midweek, I'm in long 7 lots
  • #33,240
  • Mar 25, 2013 2:36pm Mar 25, 2013 2:36pm
Quoting fxcafe
On monday, I think usdjpy will drop to 93.65 in US secsion.
At first i thought it would hit that later like tuesday... nice work. basically bounced off that level.
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