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USD/JPY Discussion

  • #36,921
  • Sep 11, 2013 5:57am Sep 11, 2013 5:57am
Quoting LarryDarrell
I did something I wouldn't normally do, went short the pair (on demo, old habits die hard...) @ my former target 100.4, giving 20 Pips S/L and closing half of the position @ +20 Pips to pay for the stoploss. Idea behind this: this is not only the former target, but also the monthly close of april, providing some resistance T/P to be seen... {image}

meaning UJ still going up ?
  • #36,922
  • Sep 11, 2013 7:23am Sep 11, 2013 7:23am
Generally speaking: I do believe that UJ will go up, still got a small long position open and some pending longs underneath. I've got a target @about 107...

But: this time I went short (demo) to try something new and will have a look (if I'm not stopped out of course) @99.3 if I'm going to t/p, or run this thing down lower.
Fail better.
  • #36,923
  • Sep 11, 2013 7:26am Sep 11, 2013 7:26am
IMO it could retrace before going up to 101.x, but the question is when a good entry would be, does anybody have an idea, because I can't seem to find a support level other than 100 at the moment. Criticise my analysis!
  • #36,924
  • Sep 11, 2013 8:48am Sep 11, 2013 8:48am
Quoting ziyaze
IMO it could retrace before going up to 101.x, but the question is when a good entry would be, does anybody have an idea, because I can't seem to find a support level other than 100 at the moment. Criticise my analysis!
If I was a buyer I'd be looking at 99.58 area
  • #36,925
  • Sep 11, 2013 8:55am Sep 11, 2013 8:55am
Quoting Erebus
{quote} Ladies and gentlemen, stylinex has suggested a possible move, but one based on hearsay, conjecture and circumstantial evidence. Evidence that appears to have some substance, but upon closer examination, will prove to have no relevance whatsoever to this case. Look, let's save ourselves a lot of time. Let's be honest. There are better things we could be doing.
We were at 100.60 earlier on and now we are flirting with 100.12 and a low of 100.08
  • #36,926
  • Sep 11, 2013 9:02am Sep 11, 2013 9:02am
Closed below both MA(50) and AMA (9,2,30)... Time frame 1 hr

Time for shorting if the next hour will remain on these levels...
The good thing with the future is that it is progressively approaching...
  • #36,927
  • Sep 11, 2013 9:04am Sep 11, 2013 9:04am
Quoting spinozagr
Closed below both MA(50) and AMA (9,2,30)... Time frame 1 hr Time for shorting if the next hour will remain on these levels...
I just closed my short from 100.28 down to 100.03. Maybe I should have held it but I think its coming back to 100.14 now
  • #36,928
  • Sep 11, 2013 9:08am Sep 11, 2013 9:08am
Under $100 now
  • #36,929
  • Sep 11, 2013 9:08am Sep 11, 2013 9:08am
it looks like the dollar is loosing its footing.
  • #36,930
  • Sep 11, 2013 9:09am Sep 11, 2013 9:09am
D1 chart showing bearish and now keep drop till 99.85
  • #36,931
  • Sep 11, 2013 9:09am Sep 11, 2013 9:09am
Quoting edindzeko
{quote} I just closed my short from 100.28 down to 100.03. Maybe I should have held it but I think its coming back to 100.14 now
d'oh.... oh well. green pips are always ok just need to stick with my plan. target was 95.60 or so
  • #36,932
  • Sep 11, 2013 9:34am Sep 11, 2013 9:34am
Anywhere in the red or blue box is possible IMO, especially if we get a dodgy jobless claims figure, or (as seems increasingly likely) tapering don't happen.
I've closed my longs, looking for a re-entry at a bargain price back inside the boxes, if one presents.
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I have no clue what I'm talking about.
  • #36,933
  • Sep 11, 2013 9:56am Sep 11, 2013 9:56am
I think that Boy Wonder is right... 98.00 area should be a buy..
  • #36,934
  • Sep 11, 2013 10:00am Sep 11, 2013 10:00am
Quoting spinozagr
Closed below both MA(50) and AMA (9,2,30)... Time frame 1 hr Time for shorting if the next hour will remain on these levels...
welcome to a new short world...
The good thing with the future is that it is progressively approaching...
  • #36,935
  • Sep 11, 2013 10:28am Sep 11, 2013 10:28am
Quoting Boy Wonder
Anywhere in the red or blue box is possible IMO, especially if we get a dodgy jobless claims figure, or (as seems increasingly likely) tapering don't happen. I've closed my longs, looking for a re-entry at a bargain price back inside the boxes, if one presents. {image}


If taper doesn't happen I am looking to short USDJPY. Can someone explain why you would go long?

USDX has run up big on the premise of taper. Everytime Bernanke mentioned cutting back when he was talking in Aprily, May, June, July... the USDX went up.

So if they don't taper, I think USDX goes down, but that is just my amateur opinion.
  • #36,936
  • Sep 11, 2013 10:34am Sep 11, 2013 10:34am
Quoting edindzeko
{quote} If taper doesn't happen I am looking to short USDJPY. Can someone explain why you would go long? USDX has run up big on the premise of taper. Everytime Bernanke mentioned cutting back when he was talking in Aprily, May, June, July... the USDX went up. So if they don't taper, I think USDX goes down, but that is just my amateur opinion.
Eh, you might think that but have you seen the DX chart? It doesn't look to me like DX has run up big at all.
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I have no clue what I'm talking about.
  • #36,937
  • Sep 11, 2013 10:36am Sep 11, 2013 10:36am
Quoting Brasil
I think that Boy Wonder is right... 98.00 area should be a buy..
You also have this smaller channel to keep in mind.................
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The More You Learn, The More You Earn.....
  • #36,938
  • Sep 11, 2013 10:45am Sep 11, 2013 10:45am
Quoting forexalien
{quote} You also have this smaller channel to keep in mind................. {image}

What does its mean ? going up or down ?
  • #36,939
  • Sep 11, 2013 10:48am Sep 11, 2013 10:48am
Quoting alam88009
{quote} What does its mean ? going up or down ?
It will range today, M15 has found a short term bottom right now, H1 is near a bottom also.......
The More You Learn, The More You Earn.....
  • #36,940
  • Sep 11, 2013 10:59am Sep 11, 2013 10:59am
Hello great people.I think UJ's present 1hour failed bars on a retracement level of 61% has presented a buy opportunity of atleast 80 pips in the short term.Enjoy.
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