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USD/JPY Discussion

  • #36,721
  • Sep 4, 2013 5:34pm Sep 4, 2013 5:34pm
Based on what exactly?
All posts are my personal opinion
  • #36,722
  • Sep 4, 2013 5:37pm Sep 4, 2013 5:37pm
Quoting Rtm
Based on what exactly?
There is sell-off in USD.
  • #36,723
  • Sep 4, 2013 6:02pm Sep 4, 2013 6:02pm
Where is your stop?
All posts are my personal opinion
  • #36,724
  • Sep 4, 2013 6:44pm Sep 4, 2013 6:44pm
Japans holding off on a monetary statement.. looks like bearish USD pressure could take a hold of this pair.. they know what their doing and a conflict in Syria will over shadow anything that they could do now
Fall down 7 times, Stand up 8.
  • #36,725
  • Sep 4, 2013 7:35pm Sep 4, 2013 7:35pm
Quoting Rtm
Where is your stop?
99.96
  • #36,726
  • Sep 4, 2013 7:43pm Sep 4, 2013 7:43pm
Quoting Trader221
Call me nutters... I opened a short at 99.75 with a TP of 92.50
i opened short too, at 99.71 just a while ago, hope it doesnt hit SL
  • #36,727
  • Sep 4, 2013 8:05pm Sep 4, 2013 8:05pm
Quoting Rtm
Based on what exactly?
Massive movement down for USD or for JPY?
  • #36,728
  • Sep 4, 2013 8:05pm Sep 4, 2013 8:05pm
Quoting andexQ
{quote} I expecting massive move downward..
Massive move down for USD or or Japanese Yen?
  • #36,729
  • Sep 4, 2013 8:14pm Sep 4, 2013 8:14pm
I am going long on usd jpy ...having a triangle building (sort of)... having the bigger head and shoulder (ugly one) and also in terms of Elliott wave a 5 wave move upwards with the first 4 waves already complete...
Many reasons to go long, the only thing that worries me is the war with Syria which could affect us here pretty bad. But i guess tighter stop losses could save a lot. I would like to hear some opinions if possible. Thank you.
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DanielTTC
  • #36,730
  • Sep 4, 2013 8:15pm Sep 4, 2013 8:15pm
Hello

When you say massive down US or JPY

Thinking a retrace due at some point
  • #36,731
  • Sep 4, 2013 8:17pm Sep 4, 2013 8:17pm
Quoting eliteincome
Hello When you say massive down US or JPY Thinking a retrace due at some point
Yes, just retracement on H1 not reversal though..
  • #36,732
  • Sep 4, 2013 8:25pm Sep 4, 2013 8:25pm
Guys Set your limit shorts and forget about it.If it hits then you got great numbers if not then no harm done look for another set up.
Its way of controlling your urges.
If you take your worst losses most likely you wished you waited longer for better entry.
Price is attracted to 100 like a magnet hence wait for that to happen.
In trading, you have to be defensive and aggressive at the same time
  • #36,733
  • Sep 4, 2013 8:34pm Sep 4, 2013 8:34pm
Quoting Davit
Guys Set your limit shorts and forget about it.If it hits then you got great numbers if not then no harm done look for another set up. Its way of controlling your urges. If you take your worst losses most likely you wished you waited longer for better entry. Price is attracted to 100 like a magnet hence wait for that to happen.
Maybe a bounce out of the 99.40 to 99.50 area would be a better entry for a long position.. or a break above of the previous high at 99.85
DanielTTC
  • #36,734
  • Sep 4, 2013 8:36pm Sep 4, 2013 8:36pm
got a buy order in at 100.01...in case it hits 100 when i'm sleeping
  • #36,735
  • Sep 4, 2013 8:42pm Sep 4, 2013 8:42pm
Quoting DanielTTC
{quote} Maybe a bounce out of the 99.40 to 99.50 area would be a better entry for a long position.. or a break above of the previous high at 99.85

I am short trader 80% times.I see great potential on Bear side from 100.50 110. zone
80% of Forex is not trending.Instead price goes into a channel.I just try to exploit this basic fact.
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In trading, you have to be defensive and aggressive at the same time
  • #36,736
  • Sep 4, 2013 8:43pm Sep 4, 2013 8:43pm
If you guys want to entry Long for UJ, at least wait till USD sell-off stop,
I suspect USD sell-off will continue to increase..
  • #36,737
  • Sep 4, 2013 8:48pm Sep 4, 2013 8:48pm
Quoting Davit
{quote} I am short trader 80% times.I see great potential on Bear side from 100.50 110. zone 80% of Forex is not trending.Instead price goes into a channel.I just try to exploit this basic fact. {image}
It looks interesting, i am just thinking about what you are doing when we are in an uptrend, cuz to the downside i think it will be ok. I don`t know but i think that going against the trend is a little bit dangerous. Nevertheless 100.86 to 101.04 area is also a target for me from where the market should start correcting itslef (I use a lot elliott wave).I posted a chart earlier, 2 hour chart.
DanielTTC
  • #36,738
  • Sep 4, 2013 9:11pm Sep 4, 2013 9:11pm
So massive USD sell off.. I dont think UJ is the right one to be shorting ATM its barely moving and BOJ conf happening. better off buying EU or AU no? Stick to the pairs that are moving? Bulls are standing strong here! Ready for bear power slam
All posts are my personal opinion
  • #36,739
  • Sep 4, 2013 9:21pm Sep 4, 2013 9:21pm
UJ breaking 100 is hard..If it breaks 100.20 then we can see a strong bull run upto 102.
I am in short 99.72 SL.100.15 tgt 99.10,98.60....
Hope there would be short term sell off
  • #36,740
  • Sep 4, 2013 9:59pm Sep 4, 2013 9:59pm
we have lift off lol
All posts are my personal opinion
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