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

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JPY Cross Pairs

  • #541
  • Apr 3, 2013 7:29am Apr 3, 2013 7:29am
Quoting whatever007
Pretty good spot to try some longs in AUD/JPY. {image}
Covered longs around 98, see what happens with BOJ tonight.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #542
  • Apr 3, 2013 8:17am Apr 3, 2013 8:17am
Holding a Aud/Jpy Short from 97.65 that was initiated a few days ago (not ideal price but still a good position overall) , considering the Long Term view, I figure that pair has the most to lose. I normally trade the Eud/Jpy but didnt see any value in the price at the time. This Aussie Yen pair is stubborn as a mule, or just a good practice of patience on my part?!

sjc
  • #543
  • Apr 3, 2013 4:51pm Apr 3, 2013 4:51pm
Attached Image (click to enlarge)
Click to Enlarge Name: GJ 4-3.png Size: 49 KB


Risky spot for sure with BOJ tonight but a entry area here on GJ.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #544
  • Apr 3, 2013 11:50pm Apr 3, 2013 11:50pm
Quoting whatever007
{image} Risky spot for sure with BOJ tonight but a entry area here on GJ.
Well that sure worked, out for now.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #545
  • Apr 4, 2013 12:34am Apr 4, 2013 12:34am
I straddled. Taken 130 pips on 1 lot and let the other run. Unfortunately I lightened the load as I was worried about getting whipsawed.
Attached Image (click to enlarge)
Click to Enlarge Name: eyyy.jpg Size: 92 KB
FF journal: Peaks and Troffs
  • #546
  • Apr 4, 2013 10:03am Apr 4, 2013 10:03am
Wow, just have to say it. Anyone dare step in front of this. GJ to 150? Might be by tonight at this rate.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #547
  • Apr 4, 2013 5:00pm Apr 4, 2013 5:00pm
Scalper short, top trend line and another 786 retrace.

Attached Image (click to enlarge)
Click to Enlarge Name: EJ 4-4.png Size: 45 KB
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #548
  • Apr 4, 2013 7:05pm Apr 4, 2013 7:05pm
Quoting whatever007
Scalper short, top trend line and another 786 retrace. {image}
Yeah, it's a nice level. Pretty close to 125. There are probably a few short orders there.
FF journal: Peaks and Troffs
  • #549
  • Apr 4, 2013 7:08pm Apr 4, 2013 7:08pm
strong and long,
dont get caught in the bear trap if you are not scalping
  • #550
  • Apr 4, 2013 7:11pm Apr 4, 2013 7:11pm
I.m long by the way
FF journal: Peaks and Troffs
  • #551
  • Apr 4, 2013 7:12pm Apr 4, 2013 7:12pm
dont short x/jpy

usd/jpy very strong...
  • #552
  • Apr 4, 2013 7:14pm Apr 4, 2013 7:14pm
My AJ still holding long.. +300 pips... IMO.. I will TP at 375 - 400 pips area... 101+
  • #553
  • Apr 4, 2013 7:21pm Apr 4, 2013 7:21pm
If that 15 minute set up that looks like a bullish wedge takes EU to 1.30, and UJ keeps going we might see 127.25 again.
FF journal: Peaks and Troffs
  • #554
  • Apr 4, 2013 7:37pm Apr 4, 2013 7:37pm
Quoting whatever007
Scalper short, top trend line and another 786 retrace. {image}
Epic fail, should know better.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #555
  • Apr 4, 2013 7:44pm Apr 4, 2013 7:44pm
been writing it mate...
  • #556
  • Apr 4, 2013 7:44pm Apr 4, 2013 7:44pm
I did get my short closed a the 97.00 level. And was prepared for the unexpected. Unfortunately I did not have the time to setup a long trade as I trade manually. Congrats to all who traded the obvious and got that run. Now we know what the trading bias is for the next quarter....just watch out for the major market players who will be more than happy to trade against you at the obvious levels. Don't think like a retail trader....imagine you are the Shark in the food chain.


Sjc
  • #557
  • Apr 4, 2013 8:56pm Apr 4, 2013 8:56pm
After the spike up yesterday I started closing out all of my short USD/JPY and JPY cross pair positions. It was obvious after the BOJ news that we are going to resume our weekly uptrend.

Anyways, took a total combined loss of 302 pips from all of my short positions. Am currently flat but will start looking to go long with All JPY cross pairs as weekly trend is up and D1 MACD has just crossed over to the upside. I will enter when H1 is showing "over sold" on the H1 time frame using Williams %. Hopefully we get some sort of pull back soon as I am anxious to hop on this gravy train!

Technically I was short last week but the fundamentals (BOJ monetary policy) has turned this view around so the best way to play the JPY is to short the hell out of it! (Long USD/JPY, AUD/JPY, EUR/JPY, CAD/JPY, GBP/JPY, and NZD/JPY should be the best trade ideas for the time being)

If you want to "counter trend trade" go ahead, but keep in mind that overall trend which is obviously UP at the moment for the cross pairs.

Hope everybody is having a fun and profitable week!
  • #558
  • Apr 5, 2013 11:01am Apr 5, 2013 11:01am
Thoughts on CHF/JPY in the coming months/year?

There is a potential triple top on the Weekly charts, but will the BOJ news outweigh it...I realize any shorts at this time are risky, but for long-term traders these levels look tempting...
  • #559
  • Apr 5, 2013 11:38am Apr 5, 2013 11:38am
Quoting 100PipsADay
After the spike up yesterday I started closing out all of my short USD/JPY and JPY cross pair positions. It was obvious after the BOJ news that we are going to resume our weekly uptrend. Anyways, took a total combined loss of 302 pips from all of my short positions. Am currently flat but will start looking to go long with All JPY cross pairs as weekly trend is up and D1 MACD has just crossed over to the upside. I will enter when H1 is showing "over sold" on the H1 time frame using Williams %. Hopefully we get some sort of pull back soon as...
So yesterday wasn't a very good day but today more than made up for it. Got LONG on USD/JPY as well as most of the other cross pairs.

All positions shown below were opened up in the past 12 hours or so.
Attached Image (click to enlarge)
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  • #560
  • Apr 5, 2013 11:40am Apr 5, 2013 11:40am
Quoting dmanuge
Thoughts on CHF/JPY in the coming months/year? There is a potential triple top on the Weekly charts, but will the BOJ news outweigh it...I realize any shorts at this time are risky, but for long-term traders these levels look tempting...
I would only recommend going long on USD/JPY and the cross pairs due to BOJ monetary policy decisions.
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