USD/JPY Discussion | Page 1811 | 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

  • #36,201
  • Aug 22, 2013 7:38am Aug 22, 2013 7:38am
Quoting Trader221
Went short at 98.75 with a target of 95.00... I am not very hopefull for the unemployement report in 5 minutes...
Can not speak too much for US unemployment numbers but I do know that exports out of Asia to the US are pretty bad now and local manufacturers are not reducing orders and quantities from orders give by US companies to Asian manufacturers. US Companies overseas are also not on a hiring spree either. Didnˊt Cisco recently announce that they were laying off some people?
  • #36,202
  • Aug 22, 2013 8:00am Aug 22, 2013 8:00am
Quoting Trader221
Went short at 98.75 with a target of 95.00... I am not very hopefull for the unemployement report in 5 minutes...
its look like its dropping nw.
  • #36,203
  • Aug 22, 2013 8:02am Aug 22, 2013 8:02am
Moved SLs up, added 1 short (though, not 95 target for sure atm). Btw. anyone trading that awesome lag between GBP/USD vs USD/JPY? Made me like 25 free pips, which is quite odd.

Wonder if the channel/trend line will hold for now.
  • #36,204
  • Aug 22, 2013 8:30am Aug 22, 2013 8:30am
I'm sorry to interupt any member here, just wanna ask do most of people right now sell Usd/Yen or Buy?
not really understand at short or long mean = sell / buy
  • #36,205
  • Aug 22, 2013 9:15am Aug 22, 2013 9:15am
Quoting Zacksama
I'm sorry to interupt any member here, just wanna ask do most of people right now sell Usd/Yen or Buy? not really understand at short or long mean = sell / buy
I'm still long (buy) from yesterday afternoon 97.74 entry. I think the unemployment number is just a blip.. I still see little bit upside during New York session
  • #36,206
  • Aug 22, 2013 10:07am Aug 22, 2013 10:07am
http://www.forexcrunch.com/forex-ana...op-of-channel/

hopefully its can break over 100
  • #36,207
  • Aug 22, 2013 11:32am Aug 22, 2013 11:32am
I think it is the perfect time to short USDJPY. On H1 and on H4 you can draw a perfect support line in a down-heading trend, also, right where the price hit the support for last is Fibo 0.5.
Pic attached usdjpy220813d1.png
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy220813d1.png Size: 131 KB
  • #36,208
  • Aug 22, 2013 12:32pm Aug 22, 2013 12:32pm
Quoting aperyon
I think it is the perfect time to short USDJPY. On H1 and on H4 you can draw a perfect support line in a down-heading trend, also, right where the price hit the support for last is Fibo 0.5. Pic attached usdjpy220813d1.png {image}
This is exactly what my friend told me. It really depends on how you draw those lines. Look at it on daily or weekly basis and you will see it is in bull mode. Even over a 30 day run you will see it in bull mode. If it gets one more push up tomorrow by BOJ there will be no more resistance till over $100. It is hard to fight BOJ or the Central Bank of Japan. They can print more money to fight us trading online than we can afford.
  • #36,209
  • Aug 22, 2013 1:04pm Aug 22, 2013 1:04pm
Sorry, had to take a nap. Charts are - by all means - subjective. Thing is that at 51% of accuracy, your subjective view becomes objective.

Regarding charts, i was fine with my short untill that 18.46 (London +1) 1M candle. Canceled it when it got back above that 98.477 (~aprox) and did not attack for another 3 candles. Went long when resistance at 98.560 got broken without any decent fibo retrace. Scalped again from 19.39 till 19.48. Not opening any new positions (except those longs I've mentioned earlier that have SLs around 98 +/-. Gonna grab some proper sleep before trading again (leaving only AUD/USD and USD/JPY open), avoiding tired mind seems to be damn important factor for me.
  • #36,210
  • Aug 22, 2013 1:13pm Aug 22, 2013 1:13pm
I was forced to close all my sell positions today. These pushes today were just too big. Those that held long positions on shorting the YEN did well today though.
  • #36,211
  • Aug 22, 2013 1:15pm Aug 22, 2013 1:15pm
Quoting stylinex
I was forced to close all my sell positions today. These pushes today were just too big. Those that held long positions on shorting the YEN did well today though.
only if I was long from 97.xx ....

I couldn't hold my shorts either
  • #36,212
  • Aug 22, 2013 1:16pm Aug 22, 2013 1:16pm
Quoting Xeet
Sorry, had to take a nap. Charts are - by all means - subjective. Thing is that at 51% of accuracy, your subjective view becomes objective. Regarding charts, i was fine with my short untill that 18.46 (London +1) 1M candle. Canceled it when it got back above that 98.477 (~aprox) and did not attack for another 3 candles. Went long when resistance at 98.560 got broken without any decent fibo retrace. Scalped again from 19.39 till 19.48. Not opening any new positions (except those longs I've mentioned earlier that have SLs around 98 +/-. Gonna grab...
AUD/USD - long/short ?
USD/JPY - long/short ?
  • #36,213
  • Aug 22, 2013 1:27pm Aug 22, 2013 1:27pm
Quoting openyoureyes
{quote} only if I was long from 97.xx .... I couldn't hold my shorts either
True, having longs from 97 - 97.5 gave me a "comfort zone". This does not change the fact that I was hedged in 3:1 ration from ~97.3, thus closing those 2 positions at 98.547 hurt. And I mean it, it did HURT.


USD/JPY - Longs from 97-97.5, SLs around 98 (different places, regular resistances + places that the price struggled during the week) - currently 5 positions open
AUD/USD - Shorts from that M15 pinbar @ 15.45, SLs at 0.90550 (regular resistance ~-.90450 + 2/3 of that M15 20.45 + some breathing room for spikes)
  • #36,214
  • Aug 22, 2013 1:54pm Aug 22, 2013 1:54pm
Quoting stylinex
I was forced to close all my sell positions today. These pushes today were just too big. Those that held long positions on shorting the YEN did well today though.
True.. I cleared about 100 pips on bot UJ and AU
  • #36,215
  • Aug 22, 2013 6:09pm Aug 22, 2013 6:09pm
This thread is very quiet no? I'm long on UJ, to me it looks like we're bouncing of the bottom of a channel and should go up to 103 area...
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 48 KB


Anyone agree/disagree?
  • #36,216
  • Aug 22, 2013 6:44pm Aug 22, 2013 6:44pm
Just went long.
  • #36,217
  • Aug 22, 2013 6:48pm Aug 22, 2013 6:48pm
Quoting myelbow4
Just went long.
Welcome to the club
  • #36,218
  • Aug 22, 2013 6:49pm Aug 22, 2013 6:49pm
Lets see if this USD bullishness continues into Tokyo.
  • #36,219
  • Aug 22, 2013 6:55pm Aug 22, 2013 6:55pm
Quoting myelbow4
Lets see if this USD bullishness continues into Tokyo.
Well, I reckon that USDX is either going to bounce or fall, which will take UJ along for the ride.... I'm going with bounce!
  • #36,220
  • Aug 22, 2013 7:00pm Aug 22, 2013 7:00pm
Quoting samalmoore
{quote} Well, I reckon that USDX is either going to bounce or fall, which will take UJ along for the ride.... I'm going with bounce!
im going for the Fall !!!
“Don't cry because it's over, smile because it happened.”
31 traders viewing now