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USD/JPY Discussion

  • #35,361
  • Jul 31, 2013 8:19pm Jul 31, 2013 8:19pm
http://www.fxstreet.com/analysis/tra...ts/2013/08/01/
  • #35,362
  • Jul 31, 2013 9:05pm Jul 31, 2013 9:05pm
I'm not holding short positions,

active orders:
buy limit 96.200-96.000
buy stop 98.900-99.100

sell stop 97.400 (TP: 96.100)
  • #35,363
  • Jul 31, 2013 9:47pm Jul 31, 2013 9:47pm
Quoting openyoureyes
I'm not holding short positions, active orders: buy limit 96.200-96.000 buy stop 98.900-99.100 sell stop 97.400 (TP: 96.100)
think ya got sumpin there... .uj has gone into its stair-stepping mode again and the nikkei is sawing logs as it rises... this thing has legs.
  • #35,364
  • Jul 31, 2013 9:50pm Jul 31, 2013 9:50pm
Quoting 1candlepower
{quote} think ya got sumpin there... .uj has gone into its stair-stepping mode again and the nikkei is sawing logs as it rises... this thing has legs.
also, the nikkei just broke yesterday's high.
  • #35,365
  • Jul 31, 2013 10:02pm Jul 31, 2013 10:02pm
Quoting openyoureyes
I'm considering U/J long after news tomorrow, hope I can catch a huge spike. expecting a 100-200 pip in 30-45 minutes while/after news... I'll also try to short AUD/JPY... edit: Page top
May I know which news you're referring to? Because I am long also on USDJPY
  • #35,366
  • Jul 31, 2013 10:05pm Jul 31, 2013 10:05pm
Quoting Doboy408
long @97.75 SL @ 97.57 target @98.25 small risk so what the hell
Target hit. 50 pips is pretty damn good for asian session
Stayin out the market til boe and ecb
  • #35,367
  • Jul 31, 2013 10:53pm Jul 31, 2013 10:53pm
Hello

US/JPY Crawling back up

not sure why

still good for my longs:nerd:
  • #35,368
  • Jul 31, 2013 11:11pm Jul 31, 2013 11:11pm
Quoting eliteincome
Hello US/JPY Crawling back up not sure why still good for my longs:nerd:
Yeah...but 98.50 still capped. Got 2 long positions though at 97.8x

Must recover from last night bloodbath
  • #35,369
  • Jul 31, 2013 11:13pm Jul 31, 2013 11:13pm
Quoting eliteincome
Hello US/JPY Crawling back up not sure why still good for my longs:nerd:
well..FOMC didnt mention taper...this is all the reason to sell USD...yet USD didnt get sold off

So my guess is USD has bottom short term(til NFP)...it will either be flat or move up a little bit

my best guess is UJ will range bound from 97.75 - 98.5 til NFP...or if the yen decide to do something crazy
  • #35,370
  • Aug 1, 2013 1:50am Aug 1, 2013 1:50am
What does the FOMC speech mean for the pairs EU, UJ? Any insights?
  • #35,371
  • Aug 1, 2013 1:52am Aug 1, 2013 1:52am
USD/JPY broke above 98.50, need close H4 above it to confirm signal bulish move
  • #35,372
  • Aug 1, 2013 1:57am Aug 1, 2013 1:57am
yeah...there goes the yen
  • #35,373
  • Aug 1, 2013 1:58am Aug 1, 2013 1:58am
Gonna start looking for a long entry on a retrace.

I can't believe I missed that perfect pennant/false breakout pin bar down at 97.8 before we started moving up.
Attached Image (click to enlarge)
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"If you won't risk the usual, you'll have to settle for the ordinary."
  • #35,374
  • Aug 1, 2013 2:35am Aug 1, 2013 2:35am
Quoting livethedream
Gonna start looking for a long entry on a retrace. I can't believe I missed that perfect pennant/false breakout pin bar down at 97.8 before we started moving up. {image}
don't think there will be a retrace... it's in stair-stepping mode: many successively higher price floors, trapping bears as it goes. retrace would let the trapped shorts escape -- it won't. my best guess is that target is around 104. roughly 5 week interval is up and now time for japan to go back to weakening yen (remember, abe won upper house, and so approval for his "trash the yen" plan)
  • #35,375
  • Aug 1, 2013 3:32am Aug 1, 2013 3:32am
entered short at 98.52 and boom it went further up
  • #35,376
  • Aug 1, 2013 3:39am Aug 1, 2013 3:39am
Quoting 1candlepower
{quote} don't think there will be a retrace... it's in stair-stepping mode: many successively higher price floors, trapping bears as it goes. retrace would let the trapped shorts escape -- it won't. my best guess is that target is around 104. roughly 5 week interval is up and now time for japan to go back to weakening yen (remember, abe won upper house, and so approval for his "trash the yen" plan)
The first part of your post is exactly why I got in on a long about an hour or so ago. Us news today should send up another spike at ny open hopefully.

Edit: I'm long from 98.68 btw
"If you won't risk the usual, you'll have to settle for the ordinary."
  • #35,377
  • Aug 1, 2013 5:07am Aug 1, 2013 5:07am
Quoting Lucky_FX
USD/JPY broke above 98.50, need close H4 above it to confirm signal bulish move
It is done. Closed previous H4 candle above 98.50.

99.00-100.00 for USD/JPY coming soon. Need positive data from NFP to speed things up.
  • #35,378
  • Aug 1, 2013 5:15am Aug 1, 2013 5:15am
Quoting Lucky_FX
{quote} It is done. Closed previous H4 candle above 98.50. 99.00-100.00 for USD/JPY coming soon. Need positive data from NFP to speed things up.
If the NFP falls out negative? What happens then?
  • #35,379
  • Aug 1, 2013 5:17am Aug 1, 2013 5:17am
Quoting kweiss10
{quote} If the NFP falls out negative? What happens then?
Consider re-test of 97.50 support
  • #35,380
  • Aug 1, 2013 5:20am Aug 1, 2013 5:20am
Quoting livethedream
Gonna start looking for a long entry on a retrace. I can't believe I missed that perfect pennant/false breakout pin bar down at 97.8 before we started moving up. {image}
What about the two hammers, I have been watching these artifacts to see if they are actually reliable.

That aside I am back considering the true direction of UJ. After yesterday's FOMC I really thought USD was going through the floor, and sneaked a quick short which thankfully paid-up. Do you, or anybody, think that the BoJ and Abe are unhappy with the Yen at this level?
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