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Hyperbolic Yen Chamber

  • Poll

  • Favorite Yen Cross?
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  • #1
  • First Post: Edited Sep 3, 2013 6:53pm Aug 31, 2013 8:34pm | Edited Sep 3, 2013 6:53pm
***************************************************************
I'll try to be regularly active in this thread (a few posts a day at least) --- but no promises,
as I am very active in the market on an intra day basis.

I have attempted to make a few threads but they have kind of died out... no interest...

Hopefully this one is different.


Hyperbolic Yen Chamber
(dragon ball Z inspired)
http://i41.tinypic.com/vudz4.jpg

1) All yen crosses allowed -- my personal focus changes

2) Near month end, I will attempt to figure the best yen cross to trade for the following month.

3) Charts to go with technical outlook, please


September Outlook

1) The yen looks set to continue its decline in September, after a period of consolidation.
Fundies significantly favor selling the YEN more than the USD, although they definitely both look weak.
The USD is weak against everything EXCEPT for the YEN, AUSSIE and Emerging Market Currencies.


2) With EURAUD looking poised to fall,
EURJPY should be an inferior trade to AUDJPY.

However, the USD looks worse, so my vehicle of preference for shorting the YEN is
1) AUDJPY 2) EURJPY 3) USDJPY


***one moment to get some charts up


http://i40.tinypic.com/rkwllx.jpg





Remember to always do your own research.
Post away and happy trading!

****************************************************************
Be hopeful in a winning position, and fearful in a losing position.
  • #2
  • Sep 1, 2013 2:51pm Sep 1, 2013 2:51pm
Thanks for starting this thread. You have my support.

I've enjoyed trading the Yen crosses these past six month since the BOJ easing began and expect to be focused on these crosses for the foreseeable future. My most actively traded pair this year has been the EURJPY.

I will contribute where I can for sure.
  • #3
  • Sep 1, 2013 3:07pm Sep 1, 2013 3:07pm
JCL forex, are you a god?
  • #4
  • Sep 1, 2013 4:10pm Sep 1, 2013 4:10pm
nice gap higher in the yen pairs..

and aussie


especially AJ, nice gap there


my sentiment towards AJ is clear. probably will be my focus for September.

should be a bull.
Attached Image
Be hopeful in a winning position, and fearful in a losing position.
  • #5
  • Sep 1, 2013 4:16pm Sep 1, 2013 4:16pm
Quoting TheZenTrader
JCL forex, are you a god?
hes one of the best traders on this forum
Be hopeful in a winning position, and fearful in a losing position.
  • #6
  • Sep 1, 2013 4:17pm Sep 1, 2013 4:17pm
Quoting JCL's-Forex
Thanks for starting this thread. You have my support. I've enjoyed trading the Yen crosses these past six month since the BOJ easing began and expect to be focused on these crosses for the foreseeable future. My most actively traded pair this year has been the EURJPY. I will contribute where I can for sure.
Thank you for the support.

I agree JCL, been great trading the Yen crosses all year long.

EURJPY is where its at. It's my favorite pair to scalp.

But looking toward AJ this month because Aussie looks stronger than Euro (euro aussie correction)




Looking forward to your contributions.
Be hopeful in a winning position, and fearful in a losing position.
  • #7
  • Sep 1, 2013 5:04pm Sep 1, 2013 5:04pm
The gap seems to be very wide...when you suggest to buy?
  • #8
  • Sep 1, 2013 5:12pm Sep 1, 2013 5:12pm
Quoting apfrezza
The gap seems to be very wide...when you suggest to buy?
No suggestion

If you have to ask you shouldn't be entering the trade
Be hopeful in a winning position, and fearful in a losing position.
  • #9
  • Edited 4:52pm Sep 3, 2013 4:39pm | Edited 4:52pm
Trailed stop to 90.08

Will be buying all dips.

http://i43.tinypic.com/2lcr5nl.jpg


AJ seems to be targeting 92.20/92.50

This might take until October though.

Major profits will be taken before we charge to those levels.

http://www.myfxbook.com/members/SBCM...nvestor/645603
Attached Image (click to enlarge)
Click to Enlarge Name: ajpips.jpeg Size: 33 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #10
  • Sep 3, 2013 4:50pm Sep 3, 2013 4:50pm
hello,great thread fresh and new,what about gj?,do u trade on it to?

G/L and green pips all!!!
when GOD brings you a challenge he also gives you the power to deal with it
  • #11
  • Sep 3, 2013 5:03pm Sep 3, 2013 5:03pm
Quoting eitan1010
hello,great thread fresh and new,what about gj?,do u trade on it to? G/L and green pips all!!!
i prefer EJ to GJ, just because I understand Euro better than Cable

but they trade pretty similar to each other.


nice signature, what are you thinking for GJ?
Be hopeful in a winning position, and fearful in a losing position.
  • #12
  • Sep 3, 2013 5:42pm Sep 3, 2013 5:42pm
Quoting Rag2RichesFX
{quote} i prefer EJ to GJ, just because I understand Euro better than Cable but they trade pretty similar to each other. nice signature, what are you thinking for GJ?
i am actually short on it from 155
when GOD brings you a challenge he also gives you the power to deal with it
  • #13
  • Sep 3, 2013 6:12pm Sep 3, 2013 6:12pm
Quoting eitan1010
{quote} i am actually short on it from 155
Makes sense perhaps more from a weak GBP perspective, not a strong JPY perspective
Be hopeful in a winning position, and fearful in a losing position.
  • #14
  • Sep 3, 2013 7:06pm Sep 3, 2013 7:06pm
They came within 0.8 pips of my SL
90.08

Man look how well supported the dips are.

It should go without saying

BTFD.

Don't try to sell!! unless its a quick scalp
Attached Image
Be hopeful in a winning position, and fearful in a losing position.
  • #15
  • Sep 3, 2013 8:06pm Sep 3, 2013 8:06pm
90.08 stop was hit

looks like a correction incoming.

ill stand ready to buy the dip.
Attached Image
Be hopeful in a winning position, and fearful in a losing position.
  • #16
  • Sep 3, 2013 8:33pm Sep 3, 2013 8:33pm
good aud data
Be hopeful in a winning position, and fearful in a losing position.
  • #17
  • Sep 3, 2013 8:39pm Sep 3, 2013 8:39pm
audjpy is going to consolidate i believe

yen seeing strength but same with aussie


audusd the better play for today perhaps
Be hopeful in a winning position, and fearful in a losing position.
  • #18
  • Sep 4, 2013 3:04am Sep 4, 2013 3:04am
the speed of this move truly exceeded my expectations.

im out of everything here at 91.05 and building into a small short position (intraday pullback)
Attached Image
Be hopeful in a winning position, and fearful in a losing position.
  • #19
  • Sep 4, 2013 3:18am Sep 4, 2013 3:18am
here is a 4hour look

entries from another account


and AUDUSD daily
forgot about these

haha wow, the beauty of placing tons of buy stops on multiple accounts.. and just letting them run
Attached Images
Be hopeful in a winning position, and fearful in a losing position.
  • #20
  • Sep 4, 2013 3:31am Sep 4, 2013 3:31am
the incoming correction in AJ i believe

will be attributed more to YEN strength than Aussie weakness


USD weakness perhaps, causing AJ to drift, so i think AU can possibly outperform AJ today
Be hopeful in a winning position, and fearful in a losing position.
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