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USD/JPY Discussion

  • #37,961
  • Oct 10, 2013 9:13am Oct 10, 2013 9:13am
Quoting kweiss10
{quote} do u mean this is going to go back down below 98.00 ?


that is my opinion yes. 98.20 appears to be short-term reversal zone
  • #37,962
  • Oct 10, 2013 9:15am Oct 10, 2013 9:15am
UJ and EJ both showing signs of slowing, I am looking to buy UJ at 97.50 area
  • #37,963
  • Oct 10, 2013 9:17am Oct 10, 2013 9:17am
Quoting edindzeko
{quote} that is my opinion yes. 98.20 appears to be short-term reversal zone


better shorting EUR/JPY as it looks like euro will be dumped soon
  • #37,964
  • Oct 10, 2013 9:20am Oct 10, 2013 9:20am
Quoting kweiss10
{quote} do u mean this is going to go back down below 98.00 ?
How it comes back down will give hints where this move is going. There's strong resistance at the 98.30 region. If it comes back down fast for a proper breather @ 97.70-80 region, then this uptrend is intact. If it stays toppish with small retrace, then it must tackle the 98.30 convincingly during the jap market or preferably the us market friday to close at the top for the week, that'll be ideal for a strong upmove. Look at ej which should be the lead yen move
  • #37,965
  • Oct 10, 2013 9:22am Oct 10, 2013 9:22am
Quoting fxmasterdxb
{quote} better shorting EUR/JPY as it looks like euro will be dumped soon
Not sure I really want to short any JPY pairs at the moment but yes you're right that is the best candidate I see.

Short from here could reasonably target 132.15 area with ease
  • #37,966
  • Oct 10, 2013 9:23am Oct 10, 2013 9:23am
Quoting skyway
{quote} How it comes back down will give hints where this move is going. There's strong resistance at the 98.30 region. If it comes back down fast for a proper breather @ 97.70-80 region, then this uptrend is intact. If it stays toppish with small retrace, then it must tackle the 98.30 convincingly during the jap market or preferably the us market friday to close at the top for the week, that'll be ideal for a strong upmove. Look at ej which should be the lead yen move
Agreed. Market will not be moving in a straight line up with no opposing power. Rubber banding effect is needed for another high to increase the Bull/Bear strength coming move.....
Sincerely Yours Cheers!
  • #37,967
  • Oct 10, 2013 9:44am Oct 10, 2013 9:44am
BOJ Kuroda speech , and Draghi speech are 1 hours from now,
why there is no that event on forexfactory calendar?
  • #37,968
  • Oct 10, 2013 9:46am Oct 10, 2013 9:46am
Quoting ruhut
BOJ Kuroda speech , and Draghi speech are 1 hours from now, why there is no that event on forexfactory calendar?
you mean these two
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Get Rich or Die Tryin
  • #37,969
  • Oct 10, 2013 9:50am Oct 10, 2013 9:50am
I went short on usdjpy I believe we will have retracement, any one shares my opinion?
  • #37,970
  • Edited 10:05am Oct 10, 2013 9:54am | Edited 10:05am
Quoting Gapur
I went short on usdjpy I believe we will have retracement, any one shares my opinion?
where did you enter? it already went down 20 pips
  • #37,971
  • Oct 10, 2013 10:13am Oct 10, 2013 10:13am
98.10 and put stop loss as well at the same level
  • #37,972
  • Oct 10, 2013 10:47am Oct 10, 2013 10:47am
it was shot lived((
  • #37,973
  • Oct 10, 2013 11:01am Oct 10, 2013 11:01am
Quoting Zappa
{quote} Will probably get to 98.20 before we possibly see any correction. If not 98.20, then possibly 98.50, but I wouldn't go sorting this pair anytime soon.
spot on again, my i ask what indicators you use for your analysis, ichimoku/elliot waves/support resistance/etc...?
Do what's right for you
  • #37,974
  • Oct 10, 2013 11:13am Oct 10, 2013 11:13am
I've been looking at charts and all kinds of stuff for hours now. which way is this head, any clues or thoughts?
  • #37,975
  • Oct 10, 2013 11:25am Oct 10, 2013 11:25am
in long term I see bulish, but right now I am not sure, possible retracement, I would wait
  • #37,976
  • Oct 10, 2013 11:31am Oct 10, 2013 11:31am
Quoting momochi
{quote} spot on again, my i ask what indicators you use for your analysis, ichimoku/elliot waves/support resistance/etc...?
No indicators at all. I look at price on every TF available on Metatrader and look for spots where traders "got in too easily". I look for places that went untested. Places where there was power. Its hard to explain, really. I've been staring at these charts for over 10 years now. I guess after being the one who always did the wrong thing for so many years, I finally (albeit very slowly) started to learn a few things. This has taken god knows how many hours to get to my level, and I still make mistakes, so always room for improvement.

Where did traders get in too easily? And where is it safe?
  • #37,977
  • Oct 10, 2013 11:31am Oct 10, 2013 11:31am
Quoting kweiss10
I've been looking at charts and all kinds of stuff for hours now. which way is this head, any clues or thoughts?

From the looks of things it is moving up. Dips can be bought for now.
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  • #37,978
  • Oct 10, 2013 11:54am Oct 10, 2013 11:54am
Quoting Zappa
{quote} Where did traders get in too easily? And where is it safe?
the answer is pretty simple but the process is rather tedious. it took me hours after hours of twisted confusion staring at the charts, play around with all the other indicators b4 i finally got the setup right. Safe trades are there, really. one a trading day sometimes more. Timing and the right pair is where you'll find the safe trades. Like for now, the safe trade is to short AU.
  • #37,979
  • Oct 10, 2013 12:15pm Oct 10, 2013 12:15pm
i hope this goes below 98.00

wanna place some longs
  • #37,980
  • Oct 10, 2013 12:17pm Oct 10, 2013 12:17pm
Quoting kweiss10
I've been looking at charts and all kinds of stuff for hours now. which way is this head, any clues or thoughts?
don't try to look for clues when there's none. wait and be patient to lookout for hints which the market will reveal when the time is right. jap open is important.
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