USD/JPY Discussion

Nice call! Next target 101.

Opened long USD/JPY @99.725

Good technical analysis? What you guys think?

Not a bad idea. Im long but irritated about the sell off that happened at Tokyo open.

I feel going long above 100.20 is safe option.

If it trades above 100.20 for 10 min then go for buy.I have mentioned it in my previous post.
Below 100.20 i would recommend short with tgt 99.50. It is a short-term trend .

Fresh long positions from 99.20 is safe bet

I bought in here tonight at 99.765. I'll ride it up to jump out at 100.12 if it gets that high.

Otherwise, I've got a pretty tight stop right now at 99.77 so I at least will get out without a loss.

Entered 1st position on a 2 lot. PIN on the lower end of the Base in a Drop-Base-Rise pattern.



Took my second position w/ a second 2 lot on a Small Demand Level. Looking left we see that the SM's had established this level based on 2 elements. Wide spread candle ( relative to current PA ) and higher volume vs previous volume for the same previous periods in volume. View volume within the context of the overall PA.



Had a 2nd retest of the Small Demand Level, then price took off to 1st TP. Simply we are looking for Demand Levels to get long. Goal is to trade into the Supply Level overhead. I call these Magnet Trades as well defined Supply and Demand Levels tend to act like Magnets..You will see this PA more when trading a smaller TF toward a larger TF SD level. Price being drawn from the Base back to a SD level.



PA touch our stall point and eventually took out out first TP.



PA continued towards out overhead Supply and 2nd TP. PA stalled just pips from 2nd TP so I took my exit. Why?? Many times price ( in the smaller TF's ) price will just touch a Level, then fall off. As we can from the chart below this was the right time to take profit. This also tells us that the Supply Level we picked was a strong level as PA is pushing short even more aggressively as of this writing.

Total pips 64

Good trading o all

TSD

Thanks for the charts, TraderinSD.

Could you please explain this, "Entry on PIN"

Does PIN mean the wick of the candle?

USDJPY

why is that falling ? anyone ??

I wish I knew. Broke down through support though, it was in an upward trend. Thought it would go sideways until some news came out.

just got a nice long @ 99.50 targeting 100.50

Hello

The higher the YEN goes
the more often we will get these random dives
scares the hell out off you when
you are carrying to many longs.

market is tricky tonight

I am just playing small trades

so when this happens

your account does not explode

I wonder why everyone seems to be invested just for a very short time period.

The USDJPY will definitely go up - just a question of time.

BOJ is printing money like hell and this will show results in the near future. You cannot read this often enough http://www.boj.or.jp/en/announcement...rel130418d.pdf . BOJ will double the amount of YEN, buy JGB like hell and continue doing so for an extended period of time. In contrast FED is talking about tapering. Japan has 240% of national debt in relation to the GDP. Downgrades by rating agencies are looming. The only way out of this situation is Hyperinflation - like in Turkey earlier. BOJ knows it - just they don't speak openly about it.

PS: YEN is the Word / Kanji for round - that's the reason the USDJPY was initially fixed at 360 - it will come back to this meaningful number.

USDJPY End Of Year 2014 ?

My bet is definitely above 120 !

Your Bet ? http://ugeist.com/q/anr8B9yndo

Seriously, what is wrong with this market?!?

What does it take to push this pair up? Should US throw a couple of bombs on Japan?

Oh no right, after that everybody will buy Yen as save heaven!!!!

Very ridiculous market and some people should shame themselves to do what they do!

Please do not link links with Spam or Malware.

had couples of longs ard 99.40, my target is open for now. non farm is likely to shake this pair. careful guys

Watch out. Some selling presure have been seen around 99.60. Maybe I'm wrong.

OMG all yen pairs are falling!!

The yen suddenly went strong. In like a second it dropped like wow i think maybe a 100 pips on all pairs. I was short in eurjpy another usdjpy on demo and was short on the 1st one for a couple of hours kept on going near 130.65 which was my entry pt but kept on rising upwards and my usdjpy was 99.2 short tp at 99.1 so that was in the red since 2nd of sept and in like 1 min or no in like wow a couple of seconds all jpy pairs went bearish dropping a ton of pips and i tp on both. Honestly this is nuts i kept on closing my tp on eurjpy making it smaller cos i thought it was a bad trade and then shoots past my original tp at 130.5 so it's a 15 pip tp and i shortened it to like 3 pips tp and now it went beyond that to the 130.15 lvls. Insane.