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USD/JPY Discussion

  • #35,661
  • Aug 7, 2013 5:23am Aug 7, 2013 5:23am
seems like an attempt to break the decreasing channel from yesterday 7.00 GMT on m30
it even would not suprise me if we catch 100 until Friday.
  • #35,662
  • Aug 7, 2013 5:30am Aug 7, 2013 5:30am
met 1st res at 97 20
Gold Annihilation System
  • #35,663
  • Aug 7, 2013 5:46am Aug 7, 2013 5:46am
Yep more thats more like it...stay above 97 and keep rallying with BOJ easing + Fed tapering
  • #35,664
  • Aug 7, 2013 6:54am Aug 7, 2013 6:54am
2 nd more powerful res at 97 35 - last real seller
Gold Annihilation System
  • #35,665
  • Aug 7, 2013 7:02am Aug 7, 2013 7:02am
Quoting Ozzke
After trading very long in demo and making some consistent profits, I started last week with a real account and was doing good... But now JPY is kicking my ass quite hard. And don't know if I should short now or long. It still seems a pretty strong downwards trend
Then let this be a lesson to you, if you don't know in which direction to trade, then don't trade that pair in the first place, odds will never be in your favor.

Wait for points of interest particularly the 96.6 before going long.

And depending on today's news, this might even go all the way down to 94, so watch out for false breakout signals as well.

If I had to bet, I would see this going all the way down to June low, trend seems too strong to reverse now.
  • #35,666
  • Aug 7, 2013 7:59am Aug 7, 2013 7:59am
Hmm...anyone know what is happening here? Re-test of 96.8x again..
  • #35,667
  • Aug 7, 2013 8:35am Aug 7, 2013 8:35am
Quoting Lucky_FX
Hmm...anyone know what is happening here? Re-test of 96.8x again..
shorted at 97 to 96 - today's target i think
Gold Annihilation System
  • #35,668
  • Aug 7, 2013 8:44am Aug 7, 2013 8:44am
Don't over estimate BOJ tomorrow and this pair already at oversold on daily
  • #35,669
  • Aug 7, 2013 8:51am Aug 7, 2013 8:51am
61.8% fibo line must hold (96.75) of a yet-to-be inverted H&S
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  • #35,670
  • Aug 7, 2013 9:01am Aug 7, 2013 9:01am
any thoughts?
Attached Image (click to enlarge)
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  • #35,671
  • Aug 7, 2013 9:04am Aug 7, 2013 9:04am
Thank god I was short and didn't close trade when it rallied earlier. Anyone still wanting to go for a short or already waiting for a long.
  • #35,672
  • Aug 7, 2013 9:22am Aug 7, 2013 9:22am
Quoting vash021
any thoughts? {image}
WS1 around there, should bounce... If not 95.3 coming
  • #35,673
  • Aug 7, 2013 9:46am Aug 7, 2013 9:46am
first 96 told already
Gold Annihilation System
  • #35,674
  • Aug 7, 2013 9:51am Aug 7, 2013 9:51am
April 14 close and April 15 open candles are supporting this right now.

I am a goner if this breaks
  • #35,675
  • Aug 7, 2013 10:17am Aug 7, 2013 10:17am
Long 96,566
Stop going for the easy buck
  • #35,676
  • Aug 7, 2013 10:17am Aug 7, 2013 10:17am
Quoting Lucky_FX
April 14 close and April 15 open candles are supporting this right now. I am a goner if this breaks
Who is "goner" ?
Stop going for the easy buck
  • #35,677
  • Aug 7, 2013 10:25am Aug 7, 2013 10:25am
Quoting TsunamiPL
{quote} Who is "goner" ?
What I meant by goner is account equity = $0.

I am still surviving...9625 should be my cut-off point
  • #35,678
  • Aug 7, 2013 11:09am Aug 7, 2013 11:09am
I have a down-channel with lower bound 96.65
I think it was just broken.
In which case I have 95 as the next test.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #35,679
  • Aug 7, 2013 11:15am Aug 7, 2013 11:15am
Quoting Exodus
I have a down-channel with lower bound 96.65 I think it was just broken. In which case I have 95 as the next test.
we can only hope.. this thing will probably test 9750 on the way down tho
  • #35,680
  • Aug 7, 2013 11:27am Aug 7, 2013 11:27am
Quoting domino
{quote} we can only hope.. this thing will probably test 9750 on the way down tho
tested
Gold Annihilation System
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