USD/JPY Discussion | Page 1878 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #37,541
  • Sep 30, 2013 5:52pm Sep 30, 2013 5:52pm
Quoting Zappa
{quote} Honestly, man, if you draw enough lines you'll find some interesting things. I believe that lines like the one you drew is completely random. By the time anybody sees something like this, the effect is usually over. I wouldn't put much weight into that one line. Lines like these (chart) would have fooled me a several years ago into going long. A few years later I would've looked to fade these same lines. Now I just don't really pay attention to them. Sometimes I'll draw lines and PF's just to entertain myself, but I've moved beyond them....

Well the upper TL was touch 5 times... what more do you need?

The PA respected 5 times and on the 6th it broke upwards which is gonna happen at some point.

You could have gone short at least 3 time with tight sl above the TL.

There you go. Seemed pretty good trades to me. Of course this is just another tool in your toolbox.
  • #37,542
  • Sep 30, 2013 6:03pm Sep 30, 2013 6:03pm
Quoting mm2mm
{quote} Well the upper TL was touch 5 times... what more do you need? The PA respected 5 times and on the 6th it broke upwards which is gonna happen at some point. You could have gone short at least 3 time with tight sl above the TL. There you go. Seemed pretty good trades to me. Of course this is just another tool in your toolbox.
See chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 40 KB
  • #37,543
  • Sep 30, 2013 6:17pm Sep 30, 2013 6:17pm
No matter the chart the TL is respected a few times.

All you need is connect 2 lows or 2 highs and take the chances on the 3rd , 4th and so on... They're not gonna be perfect ofcourse, but nothing is.

Lol @ that pic I wouldn't draw that TL that far back
  • #37,544
  • Sep 30, 2013 6:25pm Sep 30, 2013 6:25pm
Quoting mm2mm
No matter the chart the TL is respected a few times. All you need is connect 2 lows or 2 highs and take the chances on the 3rd , 4th and so on... They're not gonna be perfect ofcourse, but nothing is. Lol @ that pic I wouldn't draw that TL that far back
If you meant this line.....
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 57 KB
  • #37,545
  • Sep 30, 2013 6:32pm Sep 30, 2013 6:32pm
Quoting thodie
{quote} probably, but first we need a daily close below 97.50... what we see is a TL bounce, last time it gave us 450pips, so my target (on daily!) is around 100 in mid of oktober.
just read my posts right and donīt scramble things i wrote to fit your view...

and yes itīs possible but unlikely that this line breaks now.
Attached Image (click to enlarge)
Click to Enlarge Name: UJII.PNG Size: 33 KB
just do it
  • #37,546
  • Sep 30, 2013 7:14pm Sep 30, 2013 7:14pm
Japan Unemployment Rate Jumps To 4.1%...... since ABE & BOJ want inflation with their ABENOMICS policy then here we are...the most problem for now =STAGFLATION!!!! im so sure BOJ will not like this ......huhu
Bismillah
  • #37,547
  • Sep 30, 2013 7:46pm Sep 30, 2013 7:46pm
Quoting randerson
{quote} The reason for the short is because global equities look heavy and with all the political uncertainty between the US and Italy, I think they should pull back a bit. This will create a risk off environment bringing USDJPY down in my opinion. I think the spike up today was a GIFT and should be taken! Fade the rally boys.
More it looks ichimoku is about to give strong sell signal on 30m and 1hr TFs. I will wait for this signal for sometime .
  • #37,548
  • Sep 30, 2013 9:56pm Sep 30, 2013 9:56pm
Quoting Zappa
{quote} Honestly, man, if you draw enough lines you'll find some interesting things. I believe that lines like the one you drew is completely random. By the time anybody sees something like this, the effect is usually over. I wouldn't put much weight into that one line. Lines like these (chart) would have fooled me a several years ago into going long. A few years later I would've looked to fade these same lines. Now I just don't really pay attention to them. Sometimes I'll draw lines and PF's just to entertain myself, but...



That's the problem and let me highlight this. This is actually true for a lot of things like how when you look into clouds for example you can see different things like faces, animals etc and the next person would see something else. This shows that sometimes ppl draw trendlines and see whatever they want to see while others would see something different. In short in some ways it's like being scientific at a crystal ball convention or creating a science out of reading one's fortune from a pool of blood.
  • #37,549
  • Sep 30, 2013 10:00pm Sep 30, 2013 10:00pm
Quoting Zappa
{quote} If you meant this line..... {image}
That is true. They can usually be drawn up or down. All depends on which angle you are looking at it from.
  • #37,550
  • Sep 30, 2013 10:29pm Sep 30, 2013 10:29pm
The USD/JPY pair is still staying within its 101 to 97 range, yes, it’s making large moves back and forth, but it’s yet to break either side. This might be upsetting to most, but price action, technical analysis and the fundamentals (both domestic, as in Japan, and international) point to this range staying in place for quite some time. Don’t think weeks, think months.

Now, that’s not to say it won’t happen sooner, but this would only be due to “unscheduled” events – be it BOJ, Japanese government, US Fed, or other international calamities.

I think most need to make the adjustment from “trend” trading to “range” playing. This will be hard for most; lots of you will fade out over time – the spot forex brokers regain control once again.

My best advice is keep leverage to a minimum, and (probably) when you think it’s time to exit your losing position, it’s probably time to be right in it. Oh, and if you trade options and have a decent account, start following me.
  • #37,551
  • Sep 30, 2013 10:33pm Sep 30, 2013 10:33pm
Just short at top and sL just 15 pips above!
See chart!
Attached Image (click to enlarge)
Click to Enlarge Name: UJ1.png Size: 64 KB
  • #37,552
  • Sep 30, 2013 11:18pm Sep 30, 2013 11:18pm
hello fellows,

my view on USD/JPY as indicated in the chart, shall the 8 hours candle closes above the trend line, i'm longing for at least 100!

Good Luck all!
Attached Image (click to enlarge)
Click to Enlarge Name: UJ new.gif Size: 21 KB
  • #37,553
  • Sep 30, 2013 11:42pm Sep 30, 2013 11:42pm
Sell signal on ichimuko
  • #37,554
  • Sep 30, 2013 11:49pm Sep 30, 2013 11:49pm
This freaking thing sure makes your emotions go in a roller coaster ride. You're happy cos it's going close to your entry then you become worried then happy then sad. Whether you are long or short on this. Freaking bulls having a tough tough time i must say.
  • #37,555
  • Sep 30, 2013 11:52pm Sep 30, 2013 11:52pm
Quoting forex_fairy
This freaking thing sure makes your emotions go in a roller coaster ride. You're happy cos it's going close to your entry then you become worried then happy then sad. Whether you are long or short on this. Freaking bulls having a tough tough time i must say.
On long term it is always bullish. Right now g bpuad is going up so dollar should go against GBP that is why traders are going short for this pair
  • #37,556
  • Sep 30, 2013 11:52pm Sep 30, 2013 11:52pm
Quoting iahmedz
Sell signal on ichimuko


rule number 1 in fx trading. Not any single indicator is entirely accurate that's why some indicators give different readings.

Although the ichimuko is well i would say perhaps one of the more accurate indicators out there although that is also subject to intepretation and some ppl just prefer a blank chart and come to think of it my teachers never use this indicator. They prefer MACD everyone uses MACD.
  • #37,557
  • Oct 1, 2013 12:00am Oct 1, 2013 12:00am
us shotdown.....

more to come in us and europe open.... stocks will tumble

carry trade unwind with yen attractive...
Bismillah
  • #37,558
  • Oct 1, 2013 12:05am Oct 1, 2013 12:05am
KYM setup plus fibo confluence with resistance levels for a short entry

http://prntscr.com/1uk19o
  • #37,559
  • Oct 1, 2013 12:19am Oct 1, 2013 12:19am
uj juz tested low 98.00. move looking for 97.75 soon.
  • #37,560
  • Oct 1, 2013 1:57am Oct 1, 2013 1:57am
Quoting Angelina
Just short at top and sL just 15 pips above! See chart! {image}

took half profit and moved SL at BE. 97.50 will be next weak support ;D

good luck guys!
38 traders viewing now