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USD/JPY Discussion

  • #36,361
  • Aug 27, 2013 8:48am Aug 27, 2013 8:48am
usd/jpy daily chart
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  • #36,362
  • Aug 27, 2013 9:03am Aug 27, 2013 9:03am
good US numbers are not going to change the bear fate of the USDJPY. a blood bath day for many
  • #36,363
  • Aug 27, 2013 9:04am Aug 27, 2013 9:04am
Quoting kweiss10
good US numbers are not going to change the bear fate of the USDJPY. a blood bath day for many
count me in,
bloody day

at least E/U is depreciating...
  • #36,364
  • Aug 27, 2013 9:19am Aug 27, 2013 9:19am
I'm having a great day. Didn't listen to anyone's advice and made my own decision to get short at 98.50 and closed it around 97.25ish. Might get long around 97. Will have to wait and see what price action tells me to do.
"A true speculator tries the market small." - Jesse Livermore
  • #36,365
  • Aug 27, 2013 9:33am Aug 27, 2013 9:33am
Quoting Jgcole83
I'm having a great day. Didn't listen to anyone's advice and made my own decision to get short at 98.50 and closed it around 97.25ish. Might get long around 97. Will have to wait and see what price action tells me to do.
Great
  • #36,366
  • Aug 27, 2013 10:18am Aug 27, 2013 10:18am
Too much indecisiveness around 97.1x, I took out my short. I will wait for a better entry.
  • #36,367
  • Aug 27, 2013 11:25am Aug 27, 2013 11:25am
Quoting kweiss10
good US numbers are not going to change the bear fate of the USDJPY. a blood bath day for many

Mine was bloody. I got caught. Key is to enter with small position. Greed gets us all
  • #36,368
  • Aug 27, 2013 12:24pm Aug 27, 2013 12:24pm
Uptrend right?
http://www.babypips.com/school/pennants.html

If im right we should continue up but might take a week or 2.
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  • #36,369
  • Aug 27, 2013 12:35pm Aug 27, 2013 12:35pm
Quoting Patternz
Uptrend right? http://www.babypips.com/school/pennants.html If im right we should continue up but might take a week or 2. {image}
this only counts if there is no news coming out or no historical events taking place. in this case, the US has said it can launch as strike on syria by thursday.
  • #36,370
  • Aug 27, 2013 12:49pm Aug 27, 2013 12:49pm
Quoting kweiss10
{quote} this only counts if there is no news coming out or no historical events taking place. in this case, the US has said it can launch as strike on syria by thursday.
that is being called off or reworded if you like. there is no imminent war with Syria only tensions and US economy is resilient. Problem is fear mode has been triggered and end of month approaching. yen has been strong. I don't know how long Japan can cope with a strong currency and no so strong economy.
  • #36,371
  • Aug 27, 2013 1:02pm Aug 27, 2013 1:02pm
i set a pending long 96.65 sl about 25 pips tp 98.30 which is still within triangle might modify tp to 97.74 kinda risky but if we dont have a breakout within next week or 2 i think it would be an ok trade. But if it breaks 95.87 then i will go short for theoretical big pips.
  • #36,372
  • Aug 27, 2013 1:13pm Aug 27, 2013 1:13pm
Quoting Greener
{quote} that is being called off or reworded if you like. there is no imminent war with Syria only tensions and US economy is resilient. Problem is fear mode has been triggered and end of month approaching. yen has been strong. I don't know how long Japan can cope with a strong currency and no so strong economy.
dude, I hope you are right. I like a weak yen
  • #36,373
  • Aug 27, 2013 1:14pm Aug 27, 2013 1:14pm
I'd start scaling in at about 97 and look to take profit at 98, and 98.50.
"A true speculator tries the market small." - Jesse Livermore
  • #36,374
  • Aug 27, 2013 2:40pm Aug 27, 2013 2:40pm
Quoting Jgcole83
I'd start scaling in at about 97 and look to take profit at 98, and 98.50.
I hear rumors japanese want to push it down to 96.80 first
  • #36,375
  • Aug 27, 2013 3:05pm Aug 27, 2013 3:05pm
Quoting Xeet
Closed that short. Will wait for proper signal on M15/1H/4H, maybe all together (or maybe just make a blind enter on Monday/Tuesday) and will load like 50 lots long. Regarding Fibos: I would vouch for 97.1 to hold the move.
Cheers
  • #36,376
  • Aug 27, 2013 3:32pm Aug 27, 2013 3:32pm
All depends of the taper thing. Question is who will print more money: FED or BOJ?. I think the bearish USD scenario due to the sirian war will hold just for a few days.
  • #36,377
  • Aug 27, 2013 4:10pm Aug 27, 2013 4:10pm
Quoting allex82
All depends of the taper thing. Question is who will print more money: FED or BOJ?. I think the bearish USD scenario due to the sirian war will hold just for a few days.
FED won't print money this time. They will buy back bonds and asset backed securities until mid 2014 as they are swamped by money following steady printing for centuries to stimulate growth. BOJ will print money as usual to offset the effect of a new corporate tax and allow growth. in Japan there is a debt ratio equal to over 245%of GDP but they don't seem to care as they continue to print money. Many foresee a collapse of their economy over eccessive debt.

http://www.telegraph.co.uk/finance/f...rajectory.html
  • #36,378
  • Aug 27, 2013 5:23pm Aug 27, 2013 5:23pm
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  • #36,379
  • Aug 27, 2013 5:40pm Aug 27, 2013 5:40pm
Do you think can buy UJ now?
  • #36,380
  • Aug 27, 2013 7:07pm Aug 27, 2013 7:07pm
[email protected] we will see what will happen
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