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USD/JPY Discussion

  • #38,541
  • Oct 27, 2013 8:54pm Oct 27, 2013 8:54pm
Quoting entheos
{quote} oh,great platform... Who is your broker? What is this platform?
ForexTrader


interesting morning so far. High volume now,dollar is barely up and zig zag games. This usually happens before something bad happens. Can be good but usually bad. Hourly chart looking bad now. Daily still ok
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  • #38,542
  • Oct 27, 2013 8:57pm Oct 27, 2013 8:57pm
Quoting stylinex
{quote} ForexTrader interesting morning so far. High volume now,dollar is barely up and zig zag games. This usually happens before something bad happens. Can be good but usually bad.
your broker is forex.com?
  • #38,543
  • Oct 27, 2013 9:43pm Oct 27, 2013 9:43pm
Quoting entheos
{quote} your broker is forex.com?
Yes
  • #38,544
  • Oct 28, 2013 3:33am Oct 28, 2013 3:33am
Nothing spectacular should happen here, it's the end of the month. I noticed that support at 96.80 is holding since August and keeping the UJ in the weekly triangle which is often called an ascending triangle which is a continuation pattern. If this isn't the case it would be an exception, they do happen at fx.







PS
RIP Lou Reed
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #38,545
  • Oct 28, 2013 4:15am Oct 28, 2013 4:15am
Quoting bikov
Nothing spectacular should happen here, it's the end of the month. I noticed that support at 96.80 is holding since August and keeping the UJ in the weekly triangle which is often called an ascending triangle which is a continuation pattern. If this isn't the case it would be an exception, they do happen at fx. PS RIP Lou Reed
I think Thursday might the be driven force... be it going up/down...
Sincerely Yours Cheers!
  • #38,546
  • Oct 28, 2013 4:24am Oct 28, 2013 4:24am
BoJ and in.jobless claims - it should be interesting on Thursday
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #38,547
  • Oct 28, 2013 5:09am Oct 28, 2013 5:09am
Quoting bikov
BoJ and in.jobless claims - it should be interesting on Thursday
Under 97.75-97.85 I believe we are still in bearish on the daily charts but if we clear those and add from there then we return to the bullish chart on the daily. The hourly and 4 hour charts still vary. I went bull on USD early morning for a quick trade. Major zig zaggin today.
  • #38,548
  • Oct 28, 2013 5:11am Oct 28, 2013 5:11am
Quoting stylinex
{quote} Under 97.75-97.85 I believe we are still in bearish on the daily charts but if we clear those and add from there then we return to the bullish chart on the daily. The hourly and 4 hour charts still vary. I went bull on USD early morning for a quick trade. Major zig zaggin today.
Agreeable.
Sincerely Yours Cheers!
  • #38,549
  • Oct 28, 2013 5:56am Oct 28, 2013 5:56am
Quoting stylinex
{quote} Under 97.75-97.85 I believe we are still in bearish on the daily charts but if we clear those and add from there then we return to the bullish chart on the daily. The hourly and 4 hour charts still vary. I went bull on USD early morning for a quick trade. Major zig zaggin today.

Really don't know, it's consolidation period before something big happens. I'm long waiting for moving up, but if opposite occur my SL are prepared.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #38,550
  • Oct 28, 2013 7:11am Oct 28, 2013 7:11am
Quoting bikov
{quote} Really don't know, it's consolidation period before something big happens. I'm long waiting for moving up, but if opposite occur my SL are prepared.
Flip of a coin from here. It could tank big time or spike big time. I closed my positions earlier on. Waiting for a sign one way or the other before I get back in.
  • #38,551
  • Oct 28, 2013 8:24am Oct 28, 2013 8:24am
Testing highs for the day today. Pop or bust pretty soon from here. SPX500 lost their gains from earlier on. This is weird today as usually when the SPX500 loses its gains the Dollar usually follows suit from there so at opening bell either SPX500 goes up and the Dollar adds against the weakening YEN or this was a trap and it falls right when the market opens. Too risky now...
  • #38,552
  • Oct 28, 2013 9:13am Oct 28, 2013 9:13am
http://charts.mql5.com/2/881/usdjpy-...ivision1-2.png
  • #38,553
  • Oct 28, 2013 9:34am Oct 28, 2013 9:34am
Quoting stylinex
{quote} Flip of a coin from here. It could tank big time or spike big time. I closed my positions earlier on. Waiting for a sign one way or the other before I get back in.

Flipping a coin along with MM (at least 1:3 R/R ratio) is a successful strategy but if we all trade according to this, all industry ( selling indicators,robots,strategies, fx forums..) would crash. A friend of mine tried this on real acc. and was profitable, with proper MM not risking more than 3% on a trade. But he ruined his account when he left the strategy and started to ignore the coin and MM (he was risking 50% ). I'm thinking about opening real acc. and sticking to this strategy, but I read too much, I wouldn't persist to the temptation of analyzing cci, mov.averages, news..
Ok, let's back to the issue - for me usd/jpy is still buying on deeps, those with patience would be rewarded.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #38,554
  • Oct 28, 2013 9:44am Oct 28, 2013 9:44am
Quoting bikov
{quote} Flipping a coin along with MM (at least 1:3 R/R ratio) is a successful strategy but if we all trade according to this, all industry ( selling indicators,robots,strategies, fx forums..) would crash. A friend of mine tried this on real acc. and was profitable, with proper MM not risking more than 3% on a trade. But he ruined his account when he left the strategy and started to ignore the coin and MM (he was risking 50% ). I'm thinking about opening real acc. and sticking to this strategy, but I read too much, I wouldn't persist to the temptation...
I like reading your posts. It encourages me with my long positions
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #38,555
  • Oct 28, 2013 9:57am Oct 28, 2013 9:57am
Quoting Exodus
{quote} I like reading your posts. It encourages me with my long positions
2 mins chart is quite bearish now.
  • #38,556
  • Oct 28, 2013 10:07am Oct 28, 2013 10:07am
Quoting nisack
{quote} 2 mins chart is quite bearish now.
shut up!
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #38,557
  • Oct 28, 2013 10:10am Oct 28, 2013 10:10am
Quoting Exodus
{quote} I like reading your posts. It encourages me with my long positions

I'm glad that you like my posts, although sometimes I make wrong calls - for example I thought that 1.61 would be upper limit for cable but it isn't. And also here, I expected higher levels for UJ during end of October but if we take this price as a bargain, it's not bad. About UJ I also find a courage in views of more experienced traders so I'm not alone in this. Anyway, TA is still the main factor for my sentiment here and it says "buy" to me, I commented few months ago that UJ didn't travel from mid 70s to here and previously above 100 just to fail and get back to under 80. Should I believe that the whole trip was just an adventure and nothing more ? Somehow I don't buy that story. Opposite of that I think that the "story of Yen" is just at the beginning.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #38,558
  • Oct 28, 2013 10:10am Oct 28, 2013 10:10am
Quoting Exodus
{quote} shut up!
it has gotten better.

It's a conspiracy - people are monitoring what we say here?
  • #38,559
  • Oct 28, 2013 10:26am Oct 28, 2013 10:26am
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  • #38,560
  • Oct 28, 2013 11:25am Oct 28, 2013 11:25am
Quoting nisack
{quote} it has gotten better. It's a conspiracy - people are monitoring what we say here?
It does not matter what you say here, NSA is secretly monitoring your thoughts......
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
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