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USD/JPY Discussion

  • #33,461
  • Apr 21, 2013 4:30pm Apr 21, 2013 4:30pm
Quoting brinks
{quote} Misterspread good to hear from you glad your hanging in there. Yep have been in and out of these yen pairs for the last few months and see no reason to change yet. Not sure about a gap up at open though.I dont really see a reason why it would as most of the G20 stuff was released before the close on friday.
I didn't want to tell you but i told you so DDD , I closed all my longs at 99.820 because it failed to break the 100 fibo line from the last drop and I saw a big battle there with lots of selling orders. Either I will take it again from 99,480 which became a support or I shall wait for a break above 100. On a long run on all my accounts now I'm more than happy and on my big one I'm super pleased with about $26.000 profit in the last 2 months and a half .

I think this week I will take a break from trades with my big account and try to round up some of my small ones.


All the best to you guys and green pips !

Regards,
VladG
  • #33,462
  • Apr 21, 2013 6:12pm Apr 21, 2013 6:12pm
UJ flirting with 100 again...wondering if it will take it this time.
  • #33,463
  • Apr 21, 2013 7:05pm Apr 21, 2013 7:05pm
Quote
3 Things Needs to Happen for it to Break 100

http://www.fxstreet.com/fundamental/...ps/2013/04/21/
How to opt out annoying user signatures ??
  • #33,464
  • Apr 22, 2013 1:03am Apr 22, 2013 1:03am
Quoting Toranaga
{quote} http://www.fxstreet.com/fundamental/...ps/2013/04/21/

Good piece of information but that's nothing new this 3 correlations are there since the parity was created and also based on this I'm also following the price of USDJPY with very good accuracy. When USD bond yields goes UP also USDJPY is rising, also the same thing with Nikkei but the correlation with USDJPY / Nikkei is not as accurate as USD bonds / USDJPY.
Regarding the 3rd argument with Japanese Investors buying foreign bonds, I don't really know how you can track and measure that, or from where should you get that information to make a solid fundamental analysis.
The 1st and 2nd + a good technical analysis with Ichimoku + Fibonacci for me were a good fat pip bringer in the last 7 months since the bearish trend changed.

Like I said before, this week I will not trade with my big account because I want to take out some profit for a little vacation and only try to round up all my other small accounts.

Regards,
VladG
  • #33,465
  • Apr 22, 2013 1:46am Apr 22, 2013 1:46am
Quoting MisterSpread
{quote} I didn't want to tell you but i told you so DDD , I closed all my longs at 99.820 because it failed to break the 100 fibo line from the last drop and I saw a big battle there with lots of selling orders. Either I will take it again from 99,480 which became a support or I shall wait for a break above 100. On a long run on all my accounts now I'm more than happy and on my big one I'm super pleased with about $26.000 profit in the last 2 months and a half . I think this week I will take a break from trades with my big account and try to round...
Hahahaha for once MisterSpread i dont mind being wrong as i held my longs over the weekend
  • #33,466
  • Apr 22, 2013 1:48am Apr 22, 2013 1:48am
Quoting brinks
{quote} Hahahaha for once MisterSpread i dont mind being wrong as i held my longs over the weekend

Hahahahah you sneaky trader you trying to manipulate the market huh? I'm kidding and I'm happy that you didn't closed before, as for me I closed last evening as I told you and waiting for a reload ( if it drops to 99,480 or even lower ) or for a break above 100.200
  • #33,467
  • Apr 22, 2013 1:50am Apr 22, 2013 1:50am
I too held positions over the w/e.
  • #33,468
  • Apr 22, 2013 1:59am Apr 22, 2013 1:59am
Quoting MisterSpread
{quote} Hahahahah you sneaky trader you trying to manipulate the market huh? I'm kidding and I'm happy that you didn't closed before, as for me I closed last evening as I told you and waiting for a reload ( if it drops to 99,480 or even lower ) or for a break above 100.200
Booking profit before such a big level can never be wrong like you say wait for the break or wait for a pullback
  • #33,469
  • Apr 22, 2013 4:58am Apr 22, 2013 4:58am
Am seeing a MACD divergence in the 15mins chart and a MACD histogram divergence in the 1hour chart. Would the price make a reversal over the next couple of hours or would the prevailing news from Japan that has lend to the bullish run of the Yen hold it ground and w price break the 100 mark?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 15mins chart.png Size: 58 KB
  • #33,470
  • Apr 22, 2013 5:05am Apr 22, 2013 5:05am
Quoting Pbp
UJ flirting with 100 again...wondering if it will take it this time.
I'm betting yes, back in long at 99,8
  • #33,471
  • Apr 22, 2013 5:19am Apr 22, 2013 5:19am
Quoting Plofkip
{quote} I'm betting yes, back in long at 99,8
With a slow news day like today, I don't think it'll make through. However I see the dips keep getting bought, maybe another day.
  • #33,472
  • Apr 22, 2013 5:27am Apr 22, 2013 5:27am
huge dropdown is coming
  • #33,473
  • Apr 22, 2013 6:01am Apr 22, 2013 6:01am
The only news coming out that would most likely make a significate impact is the "Existing Home Sales". If the news comes better than focus, then USDJPY would break that 100mark today. If it turns out worse than expected than the 100mark would be left for another day. For now am seeing divergence the daily chart so we can only anticipate price would fall.
  • #33,474
  • Edited 6:47am Apr 22, 2013 6:23am | Edited 6:47am
Quoting Pbp
{quote} With a slow news day like today, I don't think it'll make through. However I see the dips keep getting bought, maybe another day.
Yes, I should perhaps have specified that I am not necessarily betting that it will happen today. I am betting that it will now break through 100 before it drops below 97 again. And as an exercise in spurious post-rationalisation, I might add that 97 would be a 38% Fib retracement of the climb since the recent low of 02Apr.
And, if any further proof were needed, this is my 100th post.
;-)
  • #33,475
  • Apr 22, 2013 7:15am Apr 22, 2013 7:15am
Do you work for Japanese National Bank?

Quoting tomplank
huge dropdown is coming
Some pursue happiness, others create it.
  • #33,476
  • Apr 22, 2013 7:19am Apr 22, 2013 7:19am
Cancelled my order to buy @ 99.62 Will wait till a confirmation!
  • #33,477
  • Apr 22, 2013 7:30am Apr 22, 2013 7:30am
I close my sell position and chose to wait to see what the effect of news on "Existing Home Sales" has on the market.
  • #33,478
  • Apr 22, 2013 7:38am Apr 22, 2013 7:38am
Holding short 99.830
Some pursue happiness, others create it.
  • #33,479
  • Apr 22, 2013 9:14am Apr 22, 2013 9:14am
Quoting anindocortez
I have a short position at 99.34 but I saw some analysis that the price will go up and up. I really dunno what to do with my minimum equity. Anyone mind to gimme some suggestion? Thank you in advance.
The USD/JPY is 99.31 right now.
  • #33,480
  • Apr 22, 2013 10:31am Apr 22, 2013 10:31am
short @ 99.22 with tp 98.6
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