Attachments: USD/JPY Discussion

USD/JPY Discussion

#36,801
Sep 8, 2013 8:40am Sep 8, 2013 8:40am

andy0323
| Joined Jun 2012 | Status: Trader | 15 Posts

Quoting TraderinSD

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{quote} Welcome Nice charts you have there. I too have traded the other side = Indexes only.. ES, NQ, YM, QM.. Have not beed back much of late..Forex presenting plenty of opportunity. I will say I do miss those great day in the NQ and ES. Good trading to ya !! TSD

Ignored

Thanks for the kind words! Target was very close @ 99.58-ish area. I should have taken profit but got greedy over 8 pips... now it's back to square one. D: Shoulda, woulda, coulda...

I was an ETF trader, mostly indices (SPY, QQQ, XIV, TVIX). After getting my butt handed to me many times from gaps, drops, pre and aftermarket volatility, I couldn't stand it anymore. I agree, Forex has plenty of opportunities and the market seems more transparent than the equity markets (well to me, at least), however managing "dat risk" is still the name of the game. Good trading to you too.

1. Update to USD/JPY, will the Bear Flag continue?
2. CHF/JPY showing support with large Bull Flag. Makes sense with Abenomics. Drive the yen down to prop equities up.
3. USD/CHF showing waning strength to the upside. Will the slide continue south? How will this impact #1 in regards to #2?

We will see in the coming days, weeks, and months. Trade safe!

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#36,802
Sep 8, 2013 9:52am Sep 8, 2013 9:52am

stylinex
Joined Aug 2013 | Status: Trader | 4,057 Posts

Quoting emilnow

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Weekly target at 86.315 {image}

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While everything is possible, I just can't see it dropping from 99 to just over 86 this week.

#36,803
Sep 8, 2013 10:02am Sep 8, 2013 10:02am

JollyBean
| Joined Jul 2009 | Status: Trader | 783 Posts

Quoting stylinex

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{quote} While everything is possible, I just can't see it dropping from 99 to just over 86 this week.

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lol that will be some nasty stuff.

I'm looking forward to seeing 92-95 first.

#36,804
Sep 8, 2013 10:21am Sep 8, 2013 10:21am

stylinex
Joined Aug 2013 | Status: Trader | 4,057 Posts

Quoting JollyBean

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{quote} lol that will be some nasty stuff. I'm looking forward to seeing 92-95 first.

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A move like that would rattle markets beyond imagination and Gold would hit $1600

#36,805
Sep 8, 2013 10:40am Sep 8, 2013 10:40am

paruski
| Joined Sep 2013 | Status: Trader | 16 Posts

short term usd jpy is bearish. but at 61% fib its time for bulls

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#36,806
Sep 8, 2013 10:58am Sep 8, 2013 10:58am

JollyBean
| Joined Jul 2009 | Status: Trader | 783 Posts

Quoting stylinex

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{quote} A move like that would rattle markets beyond imagination and Gold would hit $1600

Ignored

lol gold hitting $1600 is nothing. It's expected to soar to over $3,000... $5,000...in due time.

#36,807
Sep 8, 2013 11:05am Sep 8, 2013 11:05am

stylinex
Joined Aug 2013 | Status: Trader | 4,057 Posts

Quoting jpadvisor

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For outlook of Yen pairs you can read this article . ">http://forex.tradingcharts.com/forex_news/yens_momentum_shifting_looks_stabilize_67aed6fe.html

Ignored

Link does not work

#36,808
Sep 8, 2013 11:14am Sep 8, 2013 11:14am

jpadvisor
Joined Jul 2013 | Status: Trader | 2,603 Posts

http://forex.tradingcharts.com/forex..._67aed6fe.html

Per aspera ad astra

#36,809
Sep 8, 2013 11:17am Sep 8, 2013 11:17am

jpadvisor
Joined Jul 2013 | Status: Trader | 2,603 Posts

Quoting jpadvisor

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http://forex.tradingcharts.com/forex..._67aed6fe.html

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This is the right link to look at for a forecast on Yen pairs .:nerd:

Per aspera ad astra

#36,810
Sep 8, 2013 11:32am Sep 8, 2013 11:32am

JollyBean
| Joined Jul 2009 | Status: Trader | 783 Posts

Quoting jpadvisor

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{quote} This is the right link to look at for a forecast on Yen pairs .:nerd:

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Doesn't seem to be working...

#36,811
Sep 8, 2013 12:37pm Sep 8, 2013 12:37pm

Rag2RichesFX
Joined Jul 2012 | Status: CME seat owner | 6,134 Posts

Quoting emilnow

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Weekly target at 86.315 {image}

Ignored

there is no divergence there

not to say it won't drop

just telling you that isn't a divergence

Be hopeful in a winning position, and fearful in a losing position.

#36,812
Sep 8, 2013 2:01pm Sep 8, 2013 2:01pm

eqshack
Joined Jul 2011 | Status: Lord Of War | 1,853 Posts

and there she goes again...99.85 right now

Early to bed, early to rise, keeps you healthy, wealthy and wise.

#36,813
Sep 8, 2013 2:07pm Sep 8, 2013 2:07pm

pouis
Joined Mar 2012 | Status: Trader | 2 Posts

Quoting eqshack

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and there she goes again...99.85 right now

Ignored

How did you got that price? All brokers I use are still not open?
I expect to see equity to go up today, with the olympic news. Usually Equity up means JPY goes down. Curious to check how it will move.

#36,814
Sep 8, 2013 2:10pm Sep 8, 2013 2:10pm

eqshack
Joined Jul 2011 | Status: Lord Of War | 1,853 Posts

Quoting pouis

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{quote} How did you got that price? All brokers I use are still not open? I expect to see equity to go up today, with the olympic news. Usually Equity up means JPY goes down. Curious to check how it will move.

Ignored

Easy-forex.com ..plus china data supports japan stocks

Early to bed, early to rise, keeps you healthy, wealthy and wise.

#36,815
Sep 8, 2013 2:10pm Sep 8, 2013 2:10pm

daka
| Joined Feb 2012 | Status: Trader | 217 Posts

xe.com

#36,816
Sep 8, 2013 3:09pm Sep 8, 2013 3:09pm

str33t
| Joined Jul 2013 | Status: Trader | 122 Posts

Quoting daka

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xe.com

Ignored

Yeah, it's currently gapped up 50 some odd pips already.. pretty significant. Any who.. I'm definitely keeping an eye on this pair could be doing some interesting stuff this week.

Fall down 7 times, Stand up 8.