USD/JPY Discussion | Page 1770 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #35,381
  • Aug 1, 2013 5:26am Aug 1, 2013 5:26am
Quoting Lucky_FX
{quote} Consider re-test of 97.50 support
a retest at 97.5 will gather more bulls
  • #35,382
  • Aug 1, 2013 5:50am Aug 1, 2013 5:50am
Quoting Lucky_FX
{quote} Consider re-test of 97.50 support
I have a feeling the NFP will fall negative. If you look at recent jobless claims, there was a rise. So therefore, I believe there is a direct connection to the NFP. Correct me if I'm wrong.
  • #35,383
  • Aug 1, 2013 6:04am Aug 1, 2013 6:04am
Quoting kweiss10
{quote} I have a feeling the NFP will fall negative. If you look at recent jobless claims, there was a rise. So therefore, I believe there is a direct connection to the NFP. Correct me if I'm wrong.
Yesterday ADP employment data was better than expected, i am guessing this has greater effect towards NFP compared to the weekly jobless claims.
  • #35,384
  • Aug 1, 2013 6:31am Aug 1, 2013 6:31am
Quoting Exodus
{quote} 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?
Not sure what you mean about two hammers. I'm just seeing the one on the h1 right before we started moving up again. I have no idea about the BOJ and Abe. I don't trade based on fundamentals, only technicals.

Looks like I'm going to get the retrace I was looking for. Might be looking to go long at 98.5 depending on how soon we hit it... and depending on the news in an hour.

P.S. I took a few pips off the long I was in earlier after I saw the rejection. Could pay for my long trade I wanna get in on at 98.5 if news is bad and sends us back down toward the 97's.
"If you won't risk the usual, you'll have to settle for the ordinary."
  • #35,385
  • Aug 1, 2013 6:32am Aug 1, 2013 6:32am
Quoting vash021
{quote} a retest at 97.5 will gather more bulls
I might be one of those bulls if it does play out that way... depending on pa of course.
"If you won't risk the usual, you'll have to settle for the ordinary."
  • #35,386
  • Aug 1, 2013 6:34am Aug 1, 2013 6:34am
Quoting livethedream
{quote} I might be one of those bulls if it does play out that way... depending on pa of course.
you actually believe this is going to retrace about 20-30 pips and today?
  • #35,387
  • Aug 1, 2013 7:00am Aug 1, 2013 7:00am
Quoting kweiss10
{quote} you actually believe this is going to retrace about 20-30 pips and today?
We've already retraced 20 pips. A drop to 97.5 would be a retrace of 135 pips, and now that I think about it, it wouldn't make much sense for me to take a long after such a big drop. I'd expect lower lows from that.

I really don't know what's going to happen with this news release, I wanted to be positioned before it was released, but I don't think that's going to happen now.

Ideally, I'd like to see the news push price lower, and then see an obvious rejection to go long... but I'm preparing for anything. If she shoots upward from her current level after the news, I'll probably be missing in on that action as current PA is indicating some type of correction from the recent up-move.
"If you won't risk the usual, you'll have to settle for the ordinary."
  • #35,388
  • Aug 1, 2013 7:05am Aug 1, 2013 7:05am
Quoting livethedream
{quote} Not sure what you mean about two hammers. I'm just seeing the one on the h1 right before we started moving up again. I have no idea about the BOJ and Abe. I don't trade based on fundamentals, only technicals. Looks like I'm going to get the retrace I was looking for. Might be looking to go long at 98.5 depending on how soon we hit it... and depending on the news in an hour. P.S. I took a few pips off the long I was in earlier after I saw the rejection. Could pay for my long trade I wanna get in on at 98.5 if news is bad and sends us back...
Ok, thanks. The two hammers are shown, if your hammer is different to either of these I would like to hear.
Attached Image (click to enlarge)
Click to Enlarge Name: 20130801_TwoHammers.png Size: 81 KB
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #35,389
  • Aug 1, 2013 7:10am Aug 1, 2013 7:10am
Quoting Exodus
{quote} Ok, thanks. The two hammers are shown, if your hammer is different to either of these I would like to hear. {image}
See it now, the first one looks really small on my chart so it's hard to notice.
"If you won't risk the usual, you'll have to settle for the ordinary."
  • #35,390
  • Aug 1, 2013 7:19am Aug 1, 2013 7:19am
I might be crazy, stupid, or both. But I'm short with a tight s/l. Using the pips I took out of this pair a few hours ago.
Attached Image (click to enlarge)
Click to Enlarge Name: t81.PNG Size: 35 KB
"If you won't risk the usual, you'll have to settle for the ordinary."
  • #35,391
  • Aug 1, 2013 7:20am Aug 1, 2013 7:20am
In anticipation of a spike I just placed a long entry below 98......
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #35,392
  • Aug 1, 2013 7:23am Aug 1, 2013 7:23am
nikkei and .uj both appear to be in 4th wave consolidation. if w5 breaks above 99.10 (pivot area from last few weeks), will go long there because that makes push to 104 seem likely... you have to expect that is what abe wants.
  • #35,393
  • Aug 1, 2013 7:24am Aug 1, 2013 7:24am
Quoting livethedream
I might be crazy, stupid, or both. But I'm short with a tight s/l. Using the pips I took out of this pair a few hours ago. {image}
And now I'm long using the pips from that short...
"If you won't risk the usual, you'll have to settle for the ordinary."
  • #35,394
  • Aug 1, 2013 7:33am Aug 1, 2013 7:33am
Quoting livethedream
{quote} And now I'm long using the pips from that short...
the second after i entered it took off . i am long too . the next fib level for is at 99.93 what do u see guys
  • #35,395
  • Aug 1, 2013 7:36am Aug 1, 2013 7:36am
fractals always work for me

https://www.tradingview.com/e/2geix5rl/
  • #35,396
  • Aug 1, 2013 7:39am Aug 1, 2013 7:39am
I really hope it retest's 97.6 support before going long

but chance's looks slim
  • #35,397
  • Aug 1, 2013 7:41am Aug 1, 2013 7:41am
Quoting vash021
I really hope it retest's 97.6 support before going long but chance's looks slim
with you there mate
  • #35,398
  • Aug 1, 2013 7:46am Aug 1, 2013 7:46am
US data has really been kicking off the bull party this week. wowza.
Fall down 7 times, Stand up 8.
  • #35,399
  • Aug 1, 2013 7:48am Aug 1, 2013 7:48am
Quoting vash021
I really hope it retest's 97.6 support before going long but chance's looks slim
You might get your wish.

I broke one of my most important trading rules by closing and opening trades on a whim, based off of emotions. So according to my trading rules, I'm done for the day.

Currently in a short @ 98.77 with sl of 98.9.

Hoping this short plays out to cover the losses of my mistake. Either way, this just reassures my belief that trading discipline is possibly the most essential component to being a successful (and profitable) trader.
"If you won't risk the usual, you'll have to settle for the ordinary."
  • #35,400
  • Aug 1, 2013 7:50am Aug 1, 2013 7:50am
Quoting livethedream
{quote} You might get your wish. I broke one of my most important trading rules by closing and opening trades on a whim, based off of emotions. So according to my trading rules, I'm done for the day. Currently in a short @ 98.77 with sl of 98.9. Hoping this short plays out to cover the losses of my mistake. Either way, this just reassures my belief that trading discipline is possibly the most essential component to being a successful (and profitable) trader.
On a side note, I dare say we may see price make a LL
"If you won't risk the usual, you'll have to settle for the ordinary."
186 traders viewing now