Attachments: USD/JPY Discussion

USD/JPY Discussion

#38,461
Oct 23, 2013 9:51am Oct 23, 2013 9:51am

iahmedz
| Joined Apr 2013 | Status: Earn For Yourself Not For Broker | 311 Posts

Quoting bikov

Disliked

in longer term jump from sub 80 to 100 means nothing, but I'm just a stubborn bull who finds excuses to be long

Ignored

Why are you talking about 80? To go to 80 now you need stock market crash first. :-p

#38,462
Oct 23, 2013 10:08am Oct 23, 2013 10:08am

bikov
| Joined May 2012 | Status: Trader | 620 Posts

Quoting iahmedz

Disliked

{quote} Why are you talking about 80? To go to 80 now you need stock market crash first. :-p

Ignored

Because 80 was mentioned by a member here. In reality, everything today and yesterday is "no big deal", UJ is still above 200 dma, so I don't see a problem here..not yet. About the stock market crash - I would say a correction. Maybe UJ leads, S&P follows and at any correction at SP, UJ would be ignrant to that. But this is just speculation and guessing, for now we have PA which is above daily&weekly 200 ma. The only thing that worries me (according to TA) is daily ichimoku under the cloud and weekly where chinkou span line is crossing the price line and it's trading under the kijun-sen line.

"The secret of politics? Make a good treaty with Russia." Otto von Bismarck

#38,463
Oct 23, 2013 10:48am Oct 23, 2013 10:48am

Boy Wonder
| Joined Feb 2012 | Status: Trader | 1,332 Posts

Quoting bikov

Disliked

in longer term jump from sub 80 to 100 means nothing, but I'm just a stubborn bull who finds excuses to be long

Ignored

In any term 80 to 100 is a move of 25%.
I think that a move of 25% in 7 months is a lot. I think it'll probably take 7 months *at least* to consolidate. But I appreciate others feel differently.
94 is definitely doable, IMO.

I have no clue what I'm talking about.

#38,464
Oct 23, 2013 10:52am Oct 23, 2013 10:52am

bikov
| Joined May 2012 | Status: Trader | 620 Posts

open positions(from oanda):
long 71.76%
short 28.24%

chinese tightening? end of the world?

"The secret of politics? Make a good treaty with Russia." Otto von Bismarck

#38,465
Oct 23, 2013 11:03am Oct 23, 2013 11:03am

DingDongWay
| Joined Oct 2013 | Status: It goes Ding Dong Up Down.... | 220 Posts

Quoting Boy Wonder

Disliked

{quote} In any term 80 to 100 is a move of 25%. I think that a move of 25% in 7 months is a lot. I think it'll probably take 7 months *at least* to consolidate. But I appreciate others feel differently. 94 is definitely doable, IMO.

Ignored

Taking the move from 105 in mths i do see the current up move from 80-100 is sure lot without form of corrections.... but at same time, look at the retracement of tthe downmoves from there on and on all way till below 80 since start 01082008.... given current pricing 96-97 area, in my view it seems sweet for a short.... but on note, i am seeing the cake at 104.45 for a sweeter short, casting retracement towards south or reversal.... 104.45 which is just below 105 seems sweeter and much convincing in terms for the sellers to start loading retracement/reversal....

If we are talking about Mth TF, we should not be much bothered if the price is going to stay at 95 to even 100, not even 97.... we should be looking at further targets till then.... nevertheless to mention current news effect.....

No offence pal, just sharing my opinion...

Sincerely Yours Cheers!

#38,466
Oct 23, 2013 11:03am Oct 23, 2013 11:03am

josh1125
Joined Jun 2011 | Status: Trader | 162 Posts

Quoting Boy Wonder

Disliked

{quote} In any term 80 to 100 is a move of 25%. I think that a move of 25% in 7 months is a lot. I think it'll probably take 7 months *at least* to consolidate. But I appreciate others feel differently. 94 is definitely doable, IMO.

Ignored

Its amazing how i was getting laughed out of this forum when I was calling 94 not too long ago

#38,467
Oct 23, 2013 11:04am Oct 23, 2013 11:04am

Mr.C
Joined Sep 2009 | Status: From Timex to Rolex via Forex | 3,398 Posts

Hey guys - hope you're doing well. Some JPY pending orders for this week: USD/JPY pending sell @ 98,17; SL @ 98,57. Also EUR/JPY pending sell @ 135,180 with SL @ 135,580.

Trade safe and good luck!

Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397

#38,468
Oct 23, 2013 11:09am Oct 23, 2013 11:09am

josh1125
Joined Jun 2011 | Status: Trader | 162 Posts

Quoting josh1125

Disliked

{quote} Based on weekly there is an ascending triangle that seems to be completing..the demand zone around 94.10 is fresh and I'm sure stacked with buy orders which should break the consolidation area

Ignored

Last month this was my view but being such a novice trader I allowed the negative responses in here to second guess myself

#38,469
Oct 23, 2013 12:01pm Oct 23, 2013 12:01pm

shivam332
| Commercial User | Joined Jul 2013 | 441 Posts

Quoting shivam332

Disliked

Next stop: 97.59

Ignored

Money never sleeps I can hear the dollar calling me

#38,470
Oct 23, 2013 12:14pm Oct 23, 2013 12:14pm

Jgcole83
Joined Mar 2013 | Status: Fear and hope remain the same | 562 Posts

Time to buy around 96.90.

"A true speculator tries the market small." - Jesse Livermore

#38,471
Oct 23, 2013 1:12pm Oct 23, 2013 1:12pm

jvr42
| Joined Sep 2013 | Status: Trader | 1 Post

Im waiting for the green section and i'm a buyer, what do you guys think about the gartley pattern ending its formation?

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#38,472
Oct 23, 2013 1:15pm Oct 23, 2013 1:15pm

Jgcole83
Joined Mar 2013 | Status: Fear and hope remain the same | 562 Posts

Quoting jvr42

Disliked

Im waiting for the green section and i'm a buyer, what do you guys think about the gartley pattern ending its formation? {image}

Ignored

Nice!

"A true speculator tries the market small." - Jesse Livermore

#38,473
Oct 23, 2013 1:41pm Oct 23, 2013 1:41pm

Boy Wonder
| Joined Feb 2012 | Status: Trader | 1,332 Posts

Quoting josh1125

Disliked

{quote} Its amazing how i was getting laughed out of this forum when I was calling 94 not too long ago

Ignored

I hope I wasn't one of the ones laughing. I try not to laugh at anything these days no matter how ridiculous it seems at the time.

I have no clue what I'm talking about.

#38,474
Oct 23, 2013 1:43pm Oct 23, 2013 1:43pm

Boy Wonder
| Joined Feb 2012 | Status: Trader | 1,332 Posts

Quoting josh1125

Disliked

{quote} Last month this was my view but being such a novice trader I allowed the negative responses in here to second guess myself

Ignored

It's all part of the path to true trading enlightenment. One lesson learned, only another 999 to go....

I have no clue what I'm talking about.

#38,475
Oct 23, 2013 4:45pm Oct 23, 2013 4:45pm

josh1125
Joined Jun 2011 | Status: Trader | 162 Posts

Quoting Boy Wonder

Disliked

{quote} It's all part of the path to true trading enlightenment. One lesson learned, only another 999 to go....

Ignored

Thanks....I've been at it for 2 years and finally just getting a handle on my trading style...I've learned and am still learning from you guys

#38,476
Oct 23, 2013 6:25pm Oct 23, 2013 6:25pm

huuhaoftr
| Joined Sep 2013 | Status: Trader | 28 Posts

Quoting Jgcole83

Disliked

{quote} Nice!

Ignored

I find that this time buying and holding USDJPY is reasonable:

- we are not bullish USD generally. While the USD Index could rally in the near term,In line with this view, BofA runs an active limit order to buy USD/JPY at 97.50, and a target at 100.62.following chart to say that:

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